ChainCatcher news, according to data disclosed by IntoTheBlock, Aave's lending activity on Ethereum has surged, with net inflows rising to $500 million in the past week. Multiple metrics of the Aave protocol have reached new highs, and the total supply of stablecoins is significantly higher compared to 2021. According to DeFiLlama data, Aave's TVL is currently above the previous bull market period in October 2021, reaching an all-time high of $38.6 billion. The estimated annual revenue for the protocol is $117 million.

ChainCatcher news, according to market news, South Korean cryptocurrency exchange Upbit experienced trading interruptions due to increased traffic.

ChainCatcher message, CHILLGUY image creator @PhillipBankss posted on X platform: "chill guy has obtained copyright. I will be issuing a takedown notice regarding monetization-related content in the coming days. I don't like brand accounts using him to set trends, which is something I don't really care about, especially unauthorized merchandise and shitcoins."

ChainCatcher news, on November 11, at the opening ceremony of Web3Labs HK Center, AISIM was officially launched, introducing the first "Roaming to Earn" decentralized traffic revenue network. AISIM enables every device to achieve global traffic and on-chain revenue, ushering in a new era of "connect and earn." AISIM plans to collaborate with Japan's largest travel company JTB to launch a node in Japan in December.As part of the Web3Labs X Ton acceleration program, AISIM will join the TON ecosystem, promoting the implementation of DePIN applications and providing Web3 users with limitless global on-chain connectivity and revenue experiences.

ChainCatcher news, the Chongqing Fifth Intermediate People's Court recently concluded an appeal case involving drug trafficking using a new method of "Internet + virtual currency + logistics mailing."From August 2021 to July 2023, the defendant Zhang contacted drug buyers through WeChat and other means, primarily selling marijuana and "stamps" and other types of drugs. Zhang entrusted the packaged drugs to a dedicated person for safekeeping, and after reaching a transaction intention with the drug buyer, provided the buyer with a virtual currency website. After confirming the receipt of drug funds via virtual currency, Zhang would place an order with a certain express delivery platform, and the drug custodian would deliver the drugs to the buyer through the express platform, while Zhang paid the drug custodian a fee.According to statistics, Zhang placed orders through the express platform and had the drug custodian deliver drugs a total of over 1,600 times; received funds through virtual currency accounts a total of over 1,200 times; and withdrew the received virtual currency to his Alipay, WeChat, and bank cards after multiple transfers, accumulating over 400,000 yuan.The Chongqing Fifth Intermediate Court, after legal review, found that the first-instance sentence of eight years imprisonment and a fine of 100,000 yuan for the defendant Zhang for the crimes of drug trafficking and money laundering was appropriate, and upheld the original judgment.

ChainCatcher news, according to a report by Decrypt, based on the indictment filed by the U.S. Department of Justice (DOJ), former professional skier Ryan James Wedding and 15 other defendants operated a drug trafficking organization that transported cocaine from Colombia through Mexico to the United States and Canada. The criminal gang committed multiple murders during their operations and attempted to evade police capture using cryptocurrency.The indictment states, "Defendant Bonilla will pay defendants Wedding and Clark for two kilograms of cocaine through Tether cryptocurrency payment services." They sent QR codes to the drug dealers to receive payment in the form of USDT. During the investigation, over $3.2 million in cryptocurrency, more than a ton of cocaine, three firearms, dozens of rounds of ammunition, and $255,400 were seized.Authorities say Wedding is now on the run. The FBI is now offering a reward of $50,000 for information leading to the arrest and extradition of Wedding. Wedding, 47, represented Canada at the 2002 Winter Olympics and has recently been living in Mexico.

ChainCatcher News: A darknet drug trafficking group in Texas, USA, has been sentenced for money laundering involving cryptocurrency, with six members receiving probationary sentences ranging from 24 to 84 months. The gang operated under the name "Loverbois," selling nearly 12 kilograms of methamphetamine and laundering up to $50,000 per month through cryptocurrency from July 2019 to December 2020.This ruling stems from a joint investigation by multiple agencies, including the FBI, DEA, and the United States Postal Inspection Service, as part of the Organized Crime Drug Enforcement Task Force (OCDETF).

ChainCatcher News: The U.S. Department of the Treasury has imposed sanctions on Cambodian businessman Li Yongfa and his companies, accusing them of involvement in human trafficking and forced labor related to cryptocurrency scams. The sanctions freeze Li Yongfa's and his companies' assets in the United States and prohibit U.S. citizens from engaging in related transactions.Li Yongfa and his companies are accused of luring victims to scam centers and forcing workers to participate in cryptocurrency fraud. The Treasury emphasized that this action aims to hold accountable those criminals involved in human rights abuses and fraud. These sanctions are based on Executive Order 13818, which expands the Global Magnitsky Human Rights Accountability Act.

ChainCatcher news, according to crypto analyst The DeFi Investor, predicts that the prediction market platform Polymarket will reach a record 13.8 million visits in August, significantly surpassing the 3.7 million visits of the leading decentralized exchange Uniswap during the same period.

ChainCatcher message, Telegram game Catizen announced that due to the impact of the launch of Bybit spot trading, the Catizen Telegram Bot will undergo brief maintenance due to the surge of over a million simultaneous online users.Earlier, Bybit announced that it will launch Catizen (CATI) spot trading on September 20. Catizen currently has over 2.2 million Telegram Premium users and more than 2 million on-chain active users, making it the application with the highest user quality in the TON ecosystem.

ChainCatcher message, Ethereum Foundation member Justin Drake answered the question "Does the EF think the continued appreciation of ETH assets is important?" during the AMA.Justin Drake stated: "My personal view is that the appreciation of ETH is crucial for the success of Ethereum. If ETH does not indeed become the programmable currency of the internet, Ethereum cannot become the settlement layer of the value internet. The currency premium will only increase with the scale of a particular asset (e.g., trillions of dollars). Such currency premium is needed to: underwrite trillions of dollars of decentralized stablecoins ('economic bandwidth'), provide indisputable security, even from nation-states ('economic security'), and attract the attention of all major economic participants ('economic significance')."Additionally, Justin Drake also mentioned: "The value appreciation of ETH boils down to traffic and currency premium. For traffic, the important metric is total fees, not the fee per transaction. The successful outcome for Ethereum will be 10 million transactions per second, which can provide billions of dollars in daily revenue even if the fee per transaction is below a cent. For example, $0.002/tx would provide about $2B/day in revenue. For currency premium, the important metric is the percentage of ETH used as collateral, such as underwriting DeFi."

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, Bybit posted on social media that due to the surge in user traffic during the launch of the DOGS token, there was a temporary interruption of the application and network platform, which is now fully operational again.If users are experiencing difficulties accessing, it is recommended to refresh the application or web browser.

ChainCatcher message, Binance official stated on social media that they are aware some users are encountering errors when accessing the Binance website. This is due to increased page traffic.The team is investigating the matter, and most issues have been resolved. Users are advised to refresh the website or use the Binance app.Rest assured, user funds are safe.