ChainCatcher news, according to DL News, the stock price of Toronto-based blockchain company Bluesky Digital soared in November, as investors may have mistakenly associated it with the social media platform Bluesky. Since Donald Trump's election on November 5, Bluesky Digital's stock price has surged from $0.06 to $0.56, an increase of approximately 833%.A portfolio manager stated that the rise in stock price "may be due to the confusion caused by the name of the social media platform."

ChainCatcher news, according to Fortune, foreign media reports that Trump’s social platform Truth Social may merge with Musk’s X platform (formerly Twitter). Data shows that Truth Social's revenue in the third quarter of this year was only $2.6 million, with 698,000 monthly active users on mobile and 11.3 million monthly website visits; in contrast, X platform is expected to have an annual advertising revenue of $2 billion, with 70.4 million monthly active users and up to 1 billion monthly website visits.Erik Nisbet, director of the Center for Communication and Public Policy at Northwestern University, stated that since Musk took over, the content style of X platform has gradually aligned with that of Truth Social. Both platforms promote "freedom of speech" as their selling point, primarily targeting conservative audiences. Data shows that 57% of Truth Social users consider it a daily news source, while 59% do the same for X platform.In terms of content moderation, X platform still maintains relatively strict standards, banning approximately 5.3 million accounts for violations in the first half of this year. This is mainly because the platform needs to maintain relationships with large corporate advertisers. Truth Social, on the other hand, has almost no advertising business, resulting in relatively lenient content moderation. Industry insiders believe that a potential merger would be more commercially meaningful for Trump, serving as a cash-out exit strategy, with his shareholding currently valued at approximately $3.3 billion.

ChainCatcher news, during the "DeInsight 2024" annual summit held at Devcon in Bangkok, the RootData List 2024 annual rankings have been officially announced. UXLINK has successfully made it to the RootData List 2024 annual rankings as one of the "Top 50 Projects (TGE Completed)." UXLINK is an innovative Web3 social system designed for mass adoption, allowing users to build social assets and trade cryptocurrencies. It includes a range of highly modular Dapps, from onboarding to graphic formation, group tools to social trading, all seamlessly integrated within Telegram.It is reported that this ranking is the second annual selection launched by RootData following its first release in 2023, aimed at showcasing influential and innovative key players in the Web3 space and assessing the critical forces that continue to drive industry progress. RootData is committed to demonstrating the core forces and trend characteristics of industry development through rigorous data analysis.The ranking statistics cover the period from October 31, 2023, to October 31, 2024, with a total of five rankings published, specifically: Top 50 Projects (TGE Completed), Top 50 Projects (TGE Not Conducted), Crypto VC Top 50 Investment Institutions, Top 10 Angel Investors, and Top 20 Best CEOs.

ChainCatcher news, according to Decrypt, based on documents submitted to the U.S. Securities and Exchange Commission (SEC) by the social media site Reddit, Reddit sold off most of its cryptocurrency portfolio in the third quarter, liquidating Bitcoin and Ethereum "for financial reserves."When the social media company filed for its initial public offering (IPO) in February, it held a "negligible" amount of cryptocurrency on its balance sheet, using idle funds to purchase digital assets. On Tuesday, Reddit used the same wording to describe the proceeds from the recent sale. "We sold off most of our cryptocurrency portfolio, primarily consisting of Bitcoin and Ethereum," Reddit stated. "The net carrying value of the cryptocurrency we held and the proceeds from the sale are both insignificant."While the amount of cryptocurrency sold is unclear, the timing of the sale corresponds to the third quarter ending September 30. When asked about the dollar value of its cryptocurrency portfolio or the definition of "negligible" amounts, Reddit did not immediately respond to Decrypt's request for comment.

ChainCatcher news, the ENS-based social platform Phi has announced the launch of the Phi V2 mainnet, which allows users to create, manage, and mint "Creds" to shape their on-chain identity.

ChainCatcher news, the first Web3 game social platform based on Telegram Bot in the Solana ecosystem, LOScoin, announced the completion of a $2 million financing round. This round was led by the Solana Foundation, with participation from well-known institutions such as CMS Holdings, Impossible Finance, Yield Guild Games (YGG), and Monad.The token of the LOScoin project, LOS, is issued on the innovative protocol launch platform AI_MINT on the Solana chain, receiving strong support from AI_MINT CEO Keone Hon.LOScoin_Games is dedicated to deeply integrating Web3 innovative interactive experiences with the enthusiasm of the LOScoin MEME community, building a highly interactive, fun, and economically active DAO community to bring users a brand new gaming and social experience.

ChainCatcher news, according to the official announcement, venture capital firm SevenX Ventures has announced its investment in the next-generation social platform Bluesky.Currently, Bluesky has surpassed 13 million users, aiming to build a social media platform that is not controlled by a single company, protects freedom of speech, resists regulation and censorship, and is open, protocol-based, and ecological.SevenX is optimistic about Bluesky's potential as a protocol-based social media, which will bring about truly open and high-quality ecological development. As an investor, SevenX will also continuously empower Bluesky in areas such as ecological construction and economic models.

ChainCatcher news, according to Decrypt, the decentralized social platform Bluesky has announced the completion of a $15 million Series A funding round, led by Blockchain Capital, with participation from SevenX, True Ventures, and Alumni Ventures.Bluesky stated that it will not "over-financialize" Bluesky's "social experience" by integrating cryptocurrency tokens, NFTs, or other blockchain-based technologies into its platform at this time.According to RootData, Bluesky is building the AT Protocol, a new foundation for social networks that allows creators to be independent of platforms, enables developers to innovate freely, and lets users make choices in their experiences. The project is initiated by the founder of Twitter.

ChainCatcher news, according to DL News, billionaire Mark Cuban stated that if given the opportunity, he would be willing to purchase the social platform X (formerly Twitter) from Elon Musk, but he admitted that Musk is unlikely to sell.It is reported that since Musk acquired X for $44 billion in 2022, he has laid off a large number of employees and sparked controversy over insufficient content moderation.Cuban also called on American politicians, especially Vice President Harris, to take cryptocurrency seriously in an interview, and criticized Trump's exploitation of the American public. Cuban is currently actively supporting the cryptocurrency industry and Harris's policies.

ChainCatcher news, the social platform DeBox will open the claim for its platform token BOX today at 18:00. Users can exchange platform points for native tokens at a 1:1 ratio. According to Dune data, DeBox currently has a user base of approximately 10.6 million, with daily active users at 650,000, and the total trading volume of related protocols exceeding 500 million dollars.

ChainCatcher news, the "decentralized Twitter" project Bluesky has seen a surge of 1 million users in Brazil after X was banned, attracting a large number of new users in just three days. The platform's traffic skyrocketed 15 times over the weekend, leading to technical challenges. Bluesky was co-founded by former Twitter CEO Jack Dorsey and functions similarly to X, allowing users to post text updates, share photos, and repost content. Its registration was fully opened in February this year.The Brazilian Supreme Court supported the ban on X, citing Elon Musk's failure to comply with a judicial order to remove illegal content and his failure to appoint a legal representative in Brazil. This decision effectively shut down X's operations in the world's sixth-largest market. The court also imposed a fine of 50,000 Brazilian reais per day on users attempting to circumvent the ban and they may face criminal charges.While X faces legal and financial difficulties, Bluesky is quickly adapting to new users, starting to publish content in Portuguese and providing localized tutorials. Brazilian President Luiz Inácio Lula da Silva has directed his followers to alternative platforms, including Bluesky.

ChainCatcher message, according to the Truthsocial page, Trump shared the link to his family's new cryptocurrency project Telegram channel.

ChainCatcher news, the Web3 AI virtual personality social platform Reflection AI has completed its seed round financing, with participation from CGV FOF, K24 Ventures, and CatcherVC.Reflection AI aims to provide users with a decentralized, secure, and highly personalized virtual social space by combining cutting-edge AI and blockchain technology. The core advantages of Reflection AI include a unique AI computing system, a distributed computing network, and an innovative computing power token conversion mechanism. The platform supports users in creating and nurturing AI virtual personalities with autonomous learning capabilities, allowing for deep interactions in an AI-driven virtual world.

ChainCatcher news, according to official sources, the Web3 social platform Match announced today that it has officially deployed on the Base chain, and the community meme coin RFG is simultaneously launched on Uniswap. Match announced that it will airdrop over 1 billion RFG tokens to the community, and users can participate and claim through various methods.It is reported that Match is a new generation Web3.0 social platform that uses deep training based on AI vertical models to solve the problems of precise matching between users and projects, as well as the rapid discovery of early projects through a scalable social graph.

ChainCatcher news, the Web3 social platform beoble announced on the X platform that it has completed a $3 million financing round, with 100% of the raised funds to be used for serving users, developing new features, and conducting new buybacks.Additionally, according to the Web3 asset data platform RootData, beoble is a communication infrastructure and ecosystem that allows users to chat between wallets. Its products include a web-based chat application and a toolkit that allows Dapps integration.

ChainCatcher news, Circle co-founder and CEO Jeremy Allaire announced on the X platform that he has joined the Web3 social platform Farcaster, with the username jda.eth.

ChainCatcher news, the Web3 social platform beoble announced on the X platform that it has received investment from Ripple. The specific amount has not been disclosed. beoble stated that it will seek ways to launch its services on the XRP Ledger (XRPL).It is reported that beoble is a Web3 messaging and social platform aimed at providing secure and decentralized wallet-to-wallet communication.

ChainCatcher news, the Web3 social platform and infrastructure UXLINK announced on platform X that the "In UXLINK We Trust" Season 1 airdrop voucher NFT will take a snapshot on June 3 at 23:59 standard time, after which the range of NFT numbers will be announced.The "In UXLINK We DEX" Season 2 airdrop voucher NFT will start minting on June 3 at 24:00 standard time. Users can earn UXUY points to mint the Season 2 NFT by engaging in diversified Crypto trading on the UXLINK platform.According to on-chain data from Dune and Arbiscan, over 2.15 million Season 1 NFTs have been minted, with more than 1.37 million unique community addresses participating in the minting. According to the UXLINK community leader, UXLINK will collaborate with ecological partners to support diversified trading methods such as pre-market, memecoin, swap with rebate, staking, and trade-to-earn.