According to BlockBeats, on September 18, Celestia officially posted on social media that the Lemongrass upgrade has been launched. As Celestia’s first mainnet upgrade, Lemongrass introduced one-click interaction through IBC, inter-chain accounts, etc.

BlockBeats previously reported that the main changes in this upgrade include:

CIP-6 implements a minimum gas price to reduce network junk transactions;

CIP-9 introduces data packet forwarding middleware to improve the efficiency of IBC cross-chain transfers;

CIP-10 establishes a new network upgrade signaling mechanism to simplify and expedite future upgrades;

CIP-14 introduces cross-chain account functionality to enhance interoperability with the Cosmos ecosystem;

According to BlockBeats, on September 18, according to Arkham monitoring, the Grayscale Mini Trust address received 1,178 ETH from Coinbase Prime 8 minutes ago.

According to BlockBeats, on September 18, Coindesk reported that Deutsche Bank surveyed 4,850 consumers in Europe, the United Kingdom and the United States in March this year. The results of the survey show that cash will not disappear soon. Most respondents said they would prefer to use debit or credit cards rather than CBDC, and 44% of respondents said they would prefer to use cash rather than central bank digital currency.

Only 16% of respondents believe CBDCs will become mainstream, 31% said they would prefer to use a cryptocurrency managed by a central bank or government, and only 21% said they would choose to use a private cryptocurrency like Bitcoin (BTC).

According to BlockBeats, on September 18, according to Arkham monitoring, Grayscale transferred 7,600 ETH to the Coinbase Prime address 12 minutes ago.

BlockBeats reported that on September 18, according to official news, digital asset financial service platform MatrixPort and Bitcoin scaling solution exSat reached a comprehensive strategic partnership. They will leverage their respective strengths to accelerate the development and application of the Bitcoin ecosystem and usher in a new era of Bitcoin development. $300 million to $600 million of BTC TVL liquidity will soon arrive at exSat, which is expected to create a new record for Bitcoin ecosystem TVL.

MatrixPort's expertise and user base will help exSat's rapid development, while exSat's innovative technology will provide MatrixPort users with more investment options and experiences. Both parties will work together to promote the popularity and practicality of Bitcoin, revitalize the Bitcoin ecosystem, and create more value for global users.

BlockBeats reported that on September 18, Solana officially announced on social media that ZK Compression has been launched on the Solana mainnet, which can save Solana developers 1,000 times the cost.

On September 18, 2024, Everclear, the first Web3 clearing layer, was launched on the mainnet, aiming to solve the liquidity fragmentation problem of modular blockchains and become the foundation of the Chain Abstraction technology stack. The mainnet will run in a test version in the early stage, and Everclear DAO also launched a new voting staking token mechanism for the token NEXT.

Chain abstraction is gaining more and more attention as a design pattern that simplifies the user experience of interacting with multiple blockchains, but currently faces a key problem: bridges and their operators (solvers) have difficulty rebalancing liquidity efficiently and maintaining the necessary operational balance. As Layer2 technology speeds up, costs down, and the threshold for launching is lowered, the number of new chains has grown exponentially, with 74 chains currently online and others coming soon. This has led to a serious fragmentation of liquidity and user experience. Although cross-chain intent systems are becoming more and more popular, these systems often encounter bottlenecks because rebalancing capital between chains is still a costly and complex operation. As a result, there are currently only a handful of solvers with limited profitability, high concentration, and unable to support all the assets and chains required for chain abstraction.

Everclear not only lays the foundation for the expansion of chain abstraction by solving the coordination challenges of inter-chain liquidity settlement, but also solves common problems faced by solvers, bridges, and protocols by cleansing two-way flows and helping to rebalance capital. As a result, these entities are able to achieve a chain abstraction experience at a lower cost, making any cross-chain intentions seamless and invisible to users.

Renzo, a liquidity re-staking provider, has obtained more than $1 billion in TVL after integrating with Everclear to launch "Restake Anywhere". Prior to this, users had to transfer ETH back to the Ethereum network for re-staking, which was a cumbersome and expensive process. Everclear's early ecosystem partners include Metamask, Renzo, Puffer, Safe, Near, Router Protocol, Synapse, Aori, LiFi, Socket, Tokka Labs, Dialectic, Rhino.fi, Symbiosis, and others. In addition, the protocol is working closely with industry giants such as Eigenlayer, Arbitrum, Hyperlane, Gelato, and The Graph to advance its technology.

"In a world with thousands of chains, the future of application development is chain abstraction. Developers should be able to develop on any chain or their own application chain, no matter where the users are." said Arjun Bhuptani, co-founder of Everclear. "To achieve this goal, blockchains need a basic coordination system - the clearing layer - to efficiently purify and settle user funds between chains. Everclear and its novel voting staking mechanism promotes a healthier and more unified ecosystem by solving problems for each new chain and asset."

New Mechanism Supports Efficient Clearing at Scale

Following a DAO vote, Everclear will upgrade the NEXT token to incentivize solvers, blockchains, and protocols to keep the system rebalanced. NEXT holders can stake tokens and earn vbNEXT, which can be used to guide emission. The approach is designed to encourage solvers and intent protocols to settle activity through Everclear, thereby increasing liquidity and improving network efficiency. The reward mechanism will be set in advance to balance token supply growth while ensuring strong incentives for rebalancing activity and preventing large liquidity providers from monopolizing rewards.

About Everclear

Everclear is building the first clearing layer for web3, solving the fragmentation problem of modular blockchains by coordinating liquidity settlements across chains around the world. Its goal is to create an open and accessible future that allows users to take full advantage of blockchain without requiring expertise or exposure to unnecessary risk. For more information, please visit https://everclear.org.

According to BlockBeats, on September 18, Glassnode, a crypto market data research organization, published an article stating that the Bitcoin market is currently experiencing a period of stagnation, with both supply and demand showing signs of inactivity. In the past two months, the actual market value of Bitcoin has peaked and stabilized at $622 billion. This shows that most of the tokens being traded are close to their original acquisition price. Since the all-time high in March, absolute realized gains and losses have dropped significantly, which means that overall buyer pressure has eased in the current price range.

Currently, the wealth held by addresses that have held coins for less than a week has dropped to low liquidity territory, accounting for only 4.7% of the total network wealth. This highlights the continued tightening of the supply side, as the vast majority of tokens are older than a week. One observation is that there is widespread HODL behavior among market participants, resulting in a rapid increase in "stock supply". This indicates an overall tightening of the supply side as the number of tokens available for active trading continues to decrease.

According to BlockBeats, on September 18, according to Trader T data monitoring, BlackRock IBIT's pre-market trading volume reached US$9 million, of which 57% were active buy orders and 28% were active sell orders.

BlockBeats news, on September 18, Cointelegraph reported that Amnis Finance, a liquidity pledge agreement on the Aptos blockchain, completed a $2 million financing round. This round of financing was jointly led by Borderless Capital and OKX Ventures, and Aptos Labs, Arkgrow Pte Ltd, Ambush Capital, Gate Ventures, Sky Vision Capital, Old Fashion Research, Chorus One Venture, Re7 and Flowdesk participated in the investment. This round of financing will be used to accelerate the integration of Amnis Finance's liquidity pledge solution in Aptos' DeFi ecosystem.

On September 17, 2024, the global blockchain and cryptocurrency industry is full of anticipation for the upcoming KOL and Investor Exchange with the theme of “Chains Beyong Borders” in Singapore on September 20, 2024. Alongside major conferences such as Token2049 and Solana Breakpoint, this exclusive gathering full of innovation, networking, and insights will be the epicenter of the Web3 venture capital and KOL community.

Event Highlights

· Date & Time: 20 September 2024, 18:00

· Venue: Exclusive rooftop venue in Singapore (details available after registration)

· Registration link: https://lu.ma/41mgm99m

· Organisers: FD CAPITAL, JPool, Albus Protocol, Futurum Events

· Partners: Phron AI, Toscale, Atleta Network, BR Group

· Media Partners: BlockDelta, Cryptorank, Cryptopolitan, Crypto Executives, The Blockopedia, ProBlockchainMedia, The Founders Story a>、、PBC、CryptoOKO、LetsTalkWeb3、CoinEasy、BTV China etc.

“At FD CAPITAL, we recognize that face-to-face communication is It is critical to driving meaningful deals and fostering co-investment opportunities. Events like 'Chains Beyond Borders' create the perfect environment to strengthen our connections and foster the knowledge and skills that are essential to success in the rapidly evolving investment landscape. An important partnership." - Daria Vasylieva, founder and general partner of FD CAPITAL. /p>

The Chains Beyond Borders meetup is shaping up to be a landmark event, bringing together some of the brightest and most influential minds in the blockchain industry. The evening will feature an elite line-up of speakers, each a visionary in their field.

The KOL line-up includes:

· Thomas Kralow, Chairman of Event Horizon, known for his strategic vision in the blockchain ecosystem.

· Michael, CEO of Bitcoin TV, a key figure in crypto media and education.

· Heslin Kim, Chief Growth Officer at Gevulot, driving blockchain adoption through innovative solutions.

· Evan Luthra, a two-time Forbes 30 Under 30 serial entrepreneur and angel investor who has contributed to over 500 Web3 companies with a combined market cap of over $100 billion.

· Tobias Bauer, a prominent Web3 investor known for backing revolutionary blockchain projects.

These industry titans will share exclusive insights on emerging trends, disruptive technologies, and evolving decentralized finance and Web3 innovations.

In addition to red carpet interviews, the event will provide a unique platform for dealmaking and collaboration. Attendees will have the opportunity to build new partnerships, explore investment opportunities, and advance groundbreaking projects. With a diverse and international group of participants, participants will gain valuable insights into the global market and regulatory environment. Whether you are looking to expand your network, secure investment, or gain industry knowledge, the "Chains Beyond Borders" KOL and Investor Exchange is an event where every conversation may lead to the next big opportunity in blockchain and cryptocurrency.

About「Chains Beyond Borders」

「Chains Beyond Borders」is a premium event series dedicated to uniting leading blockchain, dApp developers, investors, and crypto communities. These gatherings serve as a catalyst for the growth of the Web3 ecosystem and include pitch sessions, educational seminars, and expert panel discussions on market trends and regulations.

About the Organizer

· FD CAPITAL: A VCaaS company focused on blockchain companies with strong technical teams that can achieve mainstream adoption.

· Albus Protocol: A secure and highly adaptable decentralized identity infrastructure with zero-knowledge proofs to ensure data privacy and proprietary mechanisms to achieve compliance.

· JPool: A liquid staking platform that provides flexible staking opportunities and a range of useful auxiliary tools.

· Futurum Events: Focused on promoting the growth of disruptive Web3 startups through high-profile networking events.

About Partners

· Phron AI: Building the first Layer 1/Layer 0 EVM Chain with a learning-based AI consensus mechanism, revolutionizing blockchain by integrating advanced AI into consensus and enabling users to create dynamic Layer 1 blockchains. · Toscale: Aggregates metadata and market data for CeFi and DeFi, providing extended analysis tools for 40+ CEXs, 300+ blockchains, 4,500+ protocols, 11,000+ tokens, 20,000+ trading pairs, and 270+ media.

· Atleta Network: A secure, decentralized, multi-layer blockchain network built for the modern era. Infrastructure accelerates adoption of the crypto economy, protects data, and facilitates next-generation innovation.

· BR Group: With over 1,250 successful token launches, BR Group provides market maker services and successful TGE support.

Media Contacts

Dariia Vasylieva

contact@fdcapital.io

BlockBeats news, on September 18, according to The Block, financial technology company Monerium launched EURe on the Noble blockchain, marking it as the first euro-backed stablecoin launched in the Cosmos ecosystem.

It is reported that Noble is a network designed specifically for issuing and transferring stablecoins and other real-world assets on sovereign blockchains.

According to BlockBeats, on September 18, Coindesk reported that Hemi Labs, a team founded by legendary Bitcoin developer Jeff Garzik, has completed $15 million in financing. This round of financing was jointly led by Binance Labs, Breyer Capital and Big Brain Holdings, and Crypto.com, Web3 Ventures, HyperChain Capital, Alchemy, SALT Fund, Kelly Investments, Sunflower Capital, DNA Fund, Gate Ventures, Quantstamp, TRGC, BTC INC, Artichoke Capital, Cypher Capital, SNZ Holding, C6E, IBG Capital, Protein Capital, MON Ventures, SV5, Impossible Finance, Jihan Wu, George Burke and Sonny Singh participated in the investment. The financing funds will be used to develop and launch the Hemi Network, a Layer 2 blockchain based on Bitcoin and Ethereum.

BlockBeats news, on September 18, K33 Research analysts said that Chicago Mercantile Exchange (CME) Bitcoin futures traders increased their short positions before the Federal Reserve announced interest rates on Wednesday, indicating that the market was cautious.

Zimmerman explained: “CME active market participants added 5,500 bitcoin exposure in the past two days, while the premium hit a 9-month low, indicating that the new positions shifted to short Bitcoin. Hedging FOMC risks may be the reason for the decline in CME Bitcoin futures premium. This is usually a negative short-term signal, which will cause the market to further amplify the volatility caused by the FOMC.”

According to BlockBeats, on September 18, according to official news, Binance Labs announced its investment in Hemi Labs, the developer of the modular blockchain network Hemi Network.

According to BlockBeats, on September 18, Steven Wieting, chief economist, chief investment strategist and interim chief investment officer of Citi Wealth Management, believed that the most likely outcome of the Federal Reserve's interest rate decision this week is a 25 basis point rate cut, but he stressed that no one knows exactly what the Fed will do.

Wieting noted that the Fed's rate-cutting history shows that the central bank will cut rates by 25 basis points when simply adjusting monetary policy to current economic conditions, while the Fed will typically make larger rate cuts when the economy is on the brink of recession.

BlockBeats news, on September 18, Tether posted on its official website that Tether focuses on financial transparency, resilience and cooperation with global law enforcement agencies, and has become a pioneer in the stablecoin market. It facilitates access to financial services, especially in areas where traditional banking systems are insufficient. This commitment to promoting global financial inclusion makes Tether a cornerstone of the modern financial ecosystem.

Tether said that its financial situation is authenticated by the independent accounting firm BDO. It is an industry leader in the field of global law enforcement support and has been committed to solving the problem of cryptocurrency fraud. Tether is also a promoter of global financial inclusion, with more than 350 million users worldwide, providing unprecedented support for the hegemony of the US dollar. The company has also demonstrated its resilience and stability in resisting market fluctuations.

BlockBeats previously reported that the Wall Street Journal published an article earlier this month stating that Tether's net profit of $6.2 billion last year surpassed BlackRock and was disrupting the US global sanctions system.

Featured News

1. Binance will launch KDA 1-75 times U-based perpetual contracts

2. UXLINK breaks through $0.71, up 51.5% in 24 hours

3. Data: Bitcoin network-wide contract holdings increased by more than 5% in a single day

4. Arthur Hayes: The market will collapse before entering a bull market after the rate cut, and ETH will perform strongly during the rate cut cycle

5. Web3 startup Vana completes $5 million strategic round of financing, led by Coinbase Ventures

Trending Topics

来源：Overheard on CT（tg：@overheardonct），Kaito

$FTM: FTM has gained a lot of attention on Twitter as it is transitioning to Sonic, promising high throughput of up to 10,000 TPS, sub-second finality, and a new coin, $S. The community is excited about the potential of Sonic, believing it can enable faster and cheaper transactions like Ethereum Layer 2. The involvement of key figures like Andre Cronje adds credibility to the project. Despite some skepticism about its speculative nature and current market indicators, many believe FTM could outperform other cryptocurrencies in the upcoming cycle, comparing it to past successes like Solana.

According to BlockBeats news, on September 18, TON officially posted on social media that Catizen is the first consumer-grade Web3 application with more than 1 million paying users. Its token CATI will be officially launched on September 20. Before that, it has already It has achieved significant growth, with more than 39 million total users and more than 18 million monthly active users.

BlockBeats news, September 18, according to Businesswire, WisdomTree today announced the launch of a new platform, WisdomTree Connect, designed to enable a wider range of users to access tokenized real-world assets (RWA). Through this platform, customers can interact with any token issued by WisdomTree in any wallet and on a supported blockchain, and enable WisdomTree to gradually provide digital fund access to other customer-facing platforms and applications, as well as retail users with self-custodial wallets.