ChainCatcher news, the crypto ecosystem accelerator and seed fund Adaverse announced a strategic investment in the Middle Eastern sports tech company Grintafy. The specific investment amount has not been disclosed, and the new funds are intended to support its Web3 transformation, including the integration of Web3 native features and enhancing user experience, as well as exploring blockchain technology to enhance the platform.It is reported that Grintafy has previously received support from the blockchain sports entertainment company Chiliz.

ChainCatcher news, the high-performance rollup network Layer N has announced its transformation into a new Layer-1 blockchain N1. N1 is an application-centric full-stack Layer-1 blockchain designed to prioritize scalability and performance.N1 will adopt a super app and product-centric approach. It will be the first blockchain to support Typescript application development (other languages such as Solidity, Rust, and C are also in preparation), lowering the learning curve for deploying applications on-chain.The team behind N1 has received significant investments from institutions such as Founders Fund, Multicoin, dao5, Kraken, Amber, GSR, and SALT.

ChainCatcher news, Tido Capital has recently completed its rebranding and disclosed that its new second-phase fund size is $100 million, focusing on investments in the secondary market.To further spread the news of the rebranding, Tido Capital plans to hold three events in Thailand from November 13 to 14, including TON & Telegram Eco Summit, VC Horizons-Investing Goes Parabolic, and Web3 GameFi Builders Private Party.

ChainCatcher news, Huobi HTX global advisor Sun Yuchen stated in the Spaces open mic titled "Waiting for the Dust to Settle in America, Witnessing BTC's New High" that Trump's presidency could bring a "180-degree turnaround" for the Web3 industry. He pointed out that this change would not only create a more relaxed policy environment but also promote innovation and mainstream development in the Web3 field, making it possible for the industry to welcome a freer innovation environment and broad support.In addition, Sun Yuchen commented on Bitcoin breaking its historical high, stating that under the current election backdrop, many cryptocurrencies have not yet reached their deserved heights. The regulatory pressure over the past four years has shaken internal confidence, and outsiders lack a deep understanding of the industry, exacerbating the information gap. He emphasized that investors should not underestimate Trump's profound impact on the crypto market; once his policy inclinations become clear, the crypto market may experience a stronger upward momentum.Regarding the industry's prospects, Sun Yuchen stated that cryptocurrencies are gradually forming influence globally and are continuously moving towards the mainstream at both policy and market levels, with their position in society and politics becoming increasingly important in the future.

ChainCatcher news, the developer of the encrypted wallet MetaMask, Consensys, announced a sustainable development roadmap. Consensys has currently built infrastructure products and services such as MetaMask, Infura, Truffle, Diligence, Besu, Teku, GNARK, DIN, and Linea, and will continue to support the vision and mission of Ethereum projects, further promoting the gradual realization of strict decentralization, with relevant plans to be announced in a few weeks. Consensys is currently in a transformation period, gradually decentralizing and shifting its focus towards converting products into protocols, evolving from a company into a Network State over time.In previous news, Consensys announced a 20% layoff, affecting about 160 employees, due to legal expenses related to macroeconomic conditions and the company's long-standing struggles with regulators. The company will provide relevant compensation for the laid-off employees, including: severance pay, extended stock option exercise windows, re-employment support, and expanded healthcare services.

ChainCatcher news, according to Finance Magnates, Nasdaq-listed Bitcoin mining company Iris Energy (IREN) is facing a class-action lawsuit for allegedly exaggerating its data center's capabilities to transition to high-performance computing (HPC) and artificial intelligence applications. The lawsuit claims that the company's facility in Childress, Texas, lacks key features such as sufficient power redundancy, cooling systems, and fiber optic connections.The plaintiffs cite a statement from Iris Energy co-CEO Daniel Roberts, who said the company "has built a data center foundation capable of any high-performance computing." The lawsuit argues that these statements are misleading and overstate the capabilities and overall prospects of the company's data center business.Affected by a critical report released by Culper Research, Iris Energy's stock price fell by about 15%. The report questions the company's HPC claims and the suitability of its facilities. The lawsuit seeks to represent investors who purchased Iris Energy securities between June 20, 2023, and July 11, 2024.

ChainCatcher news, according to The Block, Macquarie, the Australian multinational investment bank, has given "outperform" ratings to several Bitcoin mining companies including MARA, Riot Platforms, Core Scientific, CleanSpark, and Cipher Mining. Analysts believe these companies are shifting focus from cryptocurrency to artificial intelligence (AI) and high-performance computing (HPC) models.Macquarie analysts Paul Golding and Emma Liang noted that in recent years, Bitcoin mining businesses have become increasingly diversified, a trend that has accelerated following Bitcoin's fourth halving in April this year. Some mining companies view their unique power resource advantages as opportunities to diversify into non-crypto-related hosting businesses, while others focus on accumulating Bitcoin assets.

ChainCatcher news, UTXO Stack announces its official transformation into a Lightning Network staking layer. It aims to provide better liquidity and a better yield model for the Lightning Network through a decentralized staking protocol.At the same time, UTXO Stack plans to launch a token incentive mechanism to encourage staking of CKB and BTC to enhance the liquidity of state channels. This transformation will push the Lightning Network towards the public by providing liquidity incentives, building a more scalable Bitcoin ecosystem.