What does it mean that Catalyst has announced that it will be the only bridge between altVMs?

According to the official announcement, Bitget announced that it has launched the U-based MAJOR perpetual contract with a maximum leverage of 20 times. Contract strategy trading will be opened simultaneously.

Security researchers presented their latest assessment of the threat from North Korea at the Cyberwarcon conference. North Korean hackers continue to masquerade as potential employees seeking jobs at multinational corporations in an effort to earn money for the country and steal corporate secrets that could aid its weapons programs, researchers said. Over the past decade, these imposters have amassed billions of dollars through stolen cryptocurrency to fund the country’s nuclear weapons program and circumvent a range of international sanctions. Microsoft security researcher James Elliott told the Cyberwarcon conference that North Korean IT workers have infiltrated “hundreds” of organizations around the world by creating fake identities, while relying on U.S. facilitators to process company-issued workstations and revenue to circumvent financial sanctions against North Koreans. (TechCrunch)

According to ShibDaily, Christopher Giancarlo, the former Chairman of the Commodity Futures Trading Commission (CFTC), has indicated that the U.S. Securities and Exchange Commission (SEC) might consider dropping its lawsuit against Ripple. In a recent interview with FOX Business, Giancarlo discussed the broader landscape of cryptocurrency regulation and the increasing influence of the CFTC in this domain. During the interview, FOX Business Senior Correspondent Charles Gasparino asked Giancarlo about the likelihood of the SEC reassessing its legal stance against Ripple, especially in the context of a potential Donald Trump presidency. Giancarlo suggested that the SEC should review cases it has lost at the trial court level and contemplate dismissing them. His comments suggest that new leadership at the SEC could decide to abandon the Ripple case, particularly following a recent court decision. The SEC initiated legal action against Ripple Labs in December 2020, accusing the company of raising $1.3 billion through the sale of XRP, which it claimed was an unregistered security. In July 2023, U.S. District Judge Analisa Torres delivered a mixed ruling, stating that Ripple’s programmatic XRP sales via cryptocurrency exchanges did not qualify as securities transactions under federal law. However, she also determined that Ripple’s direct sales of XRP to institutional investors did constitute securities transactions. Both Ripple and the SEC have filed appeals, with more detailed arguments expected in the coming months. Giancarlo, who is often referred to as “Crypto Dad,” is reportedly a leading candidate for the role of “Crypto Czar” under President-elect Donald Trump. Trump’s transition team is considering the establishment of a new White House position aimed at coordinating cryptocurrency policy. This role, potentially titled “Crypto Czar,” would provide direct access to President-elect Trump and serve as a central policy coordinator across federal agencies. The article emphasizes that it is intended for informational purposes only and should not be interpreted as financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

According to Arkham monitoring, about 11 hours ago, 1,605 UNIs flowed from the Coinbase Prime hot wallet into the Bitwise DeFi Crypto Index Fund.

According to U.Today, RippleX has issued an important update concerning the XRP Ledger following a recent bug incident that affected the network. On November 25, 2024, at 1:39 p.m. UTC, the XRP Ledger encountered a problem where several nodes crashed and restarted simultaneously, causing a temporary halt in transaction processing for about 10 minutes. During this period, the network's consensus mechanism prioritized safety over progress, ensuring no funds were lost. By 1:49 p.m. UTC, the network resumed normal operations. Brad Chase, Vice President at RippleX, addressed the community in a social media post, providing insights into the cause of the incident and the steps taken to resolve it. The issue originated from a bug introduced over six months ago, which caused the caching layer of the 'rippled' software to return inconsistent results, leading to server crashes. Although the bug went unnoticed during testing, it was discovered at the end of the testing phase for rippled version 2.3.0. A fix was developed and released internally, and the RippleX team worked closely with the community and UNL operators to implement updates and secure the network. The community's prompt response to the update has been commendable, with 33 out of 35 validators on the default UNL and nearly half of known servers already upgraded to rippled 2.3.0. However, unpatched nodes remain vulnerable, and RippleX urges all users to update their infrastructure to the latest version. To mitigate risks for unpatched users, RippleX plans to withhold specific technical details until most servers have been upgraded. Node operators have until December 12 to complete the upgrade, after which more technical information will be shared. This delay in sharing details is intended to prevent potential exploitation of the bug by malicious actors. RippleX emphasizes the importance of upgrading to version 2.3.0 promptly to ensure network security.

Coinbase said that the Celo L1 blockchain (Coinbase code: CGLD) will migrate to Celo L2 on January 16, 2025. Coinbase will not support the migration. Customers must withdraw CGLD from Coinbase before January 13, 2025 to prevent the funds from being unavailable. This move has caused dissatisfaction in the community. Marek Olszewski, CEO of cLabs, said: "This feels like an obstacle to Ethereum's Layer 2-centric expansion roadmap. Is the hard fork controversial? How should the Celo community respond? Celo Layer 1 validators can choose to keep the current Layer 1 chain and rename it Celo Gold (CGLD) to facilitate the lives of Coinbase and its users. Fortunately, Coinbase is already using this code, so CGLD can become a Memecoin." (TheBlock)

On Nov 28, 2024, 13:15 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,600 USDT and is now trading at 3,598.5 USDT, with a narrowed narrowed 3.42% increase in 24 hours.

In a post on November 28, bankrupt crypto lending firm Celsius announced that it will distribute an additional $127 million to creditors soon. The post stated that the distribution is being made available from the “Litigation Recovery Account” and will be paid to creditors of classes 2, 5, 7, 8, and 9. Retail borrower depositors […] The post Celsius Announces Distribution of Additional $127M... source: https://coinscreed.com/celsius-to-distribute-additional-127m-to-creditors.html

The Block Pro published an article on the X platform, analyzing that crypto payments are one of the earliest and most enduring use cases of blockchain. Payment-focused blockchain projects peaked in 2021, with a total of 38 projects launched, but declined during the bear market. Early examples such as Ripple (2012) focused on cross-border solutions. As US legislation turns to crypto-friendly, it may drive crypto payments to recover next year.

Former Binance executive Amrita Srivastava has filed a lawsuit against Binance Europe Ltd, seeking whistleblower claims for reporting bribery. A former senior employee has filed a whistleblowing lawsuit against Binance Holdings’ UK division, alleging unfair dismissal after reporting suspected misconduct involving bribery. Ex-Employee Files Lawsuit Against Binance Europe Amrita Srivastava, a... source: https://coinscreed.com/former-binance-exec-sues-uk-division.html

There is still half a month of preparation time before the opening of Epoch Two.

Recommended readings for today's evening: 1. Analysis of Clanker ignites a new narrative of AI Agents in the Base ecosystem; 2. How is the AI ​​data labeling track that Zhao Changpeng called for developing now? ; 3. Who is Paul Atkins, the popular candidate for SEC chairman? ;

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Vancouver is exploring using Bitcoin in its financial reserves to protect against economic instability and inflation. The city aims to position itself as a hub for digital asset businesses and attract tech talent.

US dollar, stablecoin, national stablecoin strategy: How can Asia reduce its reliance on the US dollar? Golden Finance, how can stablecoins change financial inclusion in Asia?

This article starts from the functions of AI agents, analyzes the advantages and development direction of AI agents, and introduces their broad application in Web3.0 applications.

CZ has expressed concerns about the growing dominance of meme coins, urging developers to focus on blockchain projects with real-world utility. The rise of these tokens, driven by hype and speculation, risks damaging the reputation of the broader crypto market.