milestone

Hyperliquid founder Jeff posted on platform X that VALR, the largest cryptocurrency exchange in Africa, will directly utilize Hyperliquid's on-chain liquidity to support its core perpetual contract products. This is a significant milestone that will redefine the way the next generation of financial applications are built.The breakthrough in cloud computing lies in the ability for any startup to quickly test its ideas and rest assured that the infrastructure will scale as the business grows. As the most liquid global venue for assets like BTC, Hyperliquid will play the same role in the global economy. By leveraging the deepest on-chain liquidity, builders can shift their focus back to their products and users. Heartfelt congratulations to the VALR team. We are honored that they chose to build on Hyperliquid. Looking forward to expanding together.

SPR welcomes an important development milestone: the ecological IP "Congcong" officially celebrates its hundredth day, with the protocol's liquidity pool scale continuously breaking through 11,920,000 USDT, and the SPR market is simultaneously included in the Binance market platform.Three important developments have been implemented simultaneously, reflecting the continuous improvement of the protocol's ecological construction, on-chain liquidity, and market attention. In the future, SPR will continue to enhance ecological construction, optimize liquidity structure, and promote the stable development of the protocol.

Placeholder partner Chris Burniske tweeted that holding cash at this stage has a very high opportunity cost, and mentioned that he has recently been gradually building positions. He also pointed out that multiple factors are converging around October, believing that this timing is "not to be ignored." Burniske did not specify any particular investment targets.Previously, Chris Burniske had stated in a post last October that after the recent crash in the crypto market, sustained buying pressure is unlikely in the short term, and if BTC falls to $75,000 or below, he may consider buying again.

According to BBX data, global listed companies made key progress in "health optimization" of their treasury structures yesterday:$50 million addition: Boyaa Interactive (0434.HK) announced yesterday that the board has approved an additional budget of $50 million for increasing its holdings in Bitcoin and Ethereum. So far, the group has invested over $250 million, aiming to establish itself as the largest digital asset treasury entity in Asia.Officially entering "debt-free holding": TeraWulf (NASDAQ: $WULF) announced yesterday that it has used cash flow generated from its high-performance computing business to pay off the last of its high-interest debt. As one of the most energy-efficient mining companies globally, the company reiterated that it has entered the "100% output retention" phase as of yesterday.Computing power as net reserves: HIVE Digital (TSX-V: $HIVE) disclosed yesterday that the profits from its AI data center in Sweden have fully covered global operating expenses for two consecutive months. This means that all Bitcoin produced yesterday is recorded as "net reserves," with no need for any market sell-off.$10 million procurement settled: Acurx Pharmaceuticals (NASDAQ: $ACXP) confirmed yesterday that its first $10 million strategic procurement of Bitcoin has been fully completed. As a biopharmaceutical company, ACXP plans to use this asset as a "value anchor" for its clinical research and development funding over the next five years.Automated treasury upgrade: Public.com launched an "automated treasury balancing" suite for small and medium-sized enterprises globally yesterday, supporting the automatic proportional conversion of idle corporate funds into BTC, with the first-day subscription scale exceeding $80 million.

Bitcoin has mined 19,997,001.16 coins, leaving approximately 3,000 coins until the 20 million milestone, which is expected to be reached in 7 days at the current production rate. This means that 95% of the fixed total supply of 21 million bitcoins has entered circulation, with the remaining 1 million coins to be gradually mined over the next century.Bitcoin's creator, Satoshi Nakamoto, hardcoded the total supply cap of 21 million coins into the protocol. With the halving mechanism occurring every four years, the Bitcoin inflation rate has dropped below 1%, currently producing about 450 coins daily. At this rate, 99% of the supply will be mined before January 2035, with the last whole bitcoin expected to be mined in 2105, and final mining will continue until around 2140.

Co-founder of MegaETH, Namik Muduroglu, stated that 53% of the total supply of MEGA tokens will be released upon the protocol achieving significant milestones, rather than being released according to a time-based unlocking schedule.These goals include MegaETH TVL, L2 decentralization, protocol performance, and external milestones reached by the Ethereum community. This move aims to address long-standing concerns about low liquidity/high FDV token economic models.

The Cardano Foundation announced on the X platform that it has completed the first milestone of its governance roadmap, delegating approximately 220 million ADA to 11 community representatives (DReps) (about 20 million each). This delegation focuses on two main areas: ecological adoption and operations, increasing the total amount currently delegated to community DReps to 360 million ADA.At the same time, the foundation will self-delegate the remaining approximately 171 million ADA to ensure that all assets participate in governance.

Singaporean crypto investment firm QCP Capital published an analysis stating that Bitcoin overnight fell below the key support level of $100,000, driving down global risk assets. This round of decline was mainly influenced by the strengthening of the US dollar and uncertainty in Federal Reserve policies, leading to a general setback in market risk appetite.Macroeconomic pressures quickly transmitted to the crypto market, with US spot Bitcoin ETFs experiencing a net outflow of approximately $1.3 billion over four consecutive days, turning from a significant driving force at the beginning of the year into a short-term resistance. The market is witnessing a phenomenon of weak spot demand coexisting with forced deleveraging, where long positions were liquidated for over $1 billion during the price bottoming period, followed by bargain hunting.The structure of the options market has also intensified volatility, with traders maintaining a net short gamma position near the $100,000 strike price, and their hedging behavior amplifying price fluctuations. Currently, $100,000 has become a key psychological level; if ETF fund flows stabilize, market sentiment is expected to recover quickly.On the macro level, the US government shutdown has affected the release of October's non-farm payroll data, leading the market to rely on private indicators to gauge economic trends. Data prior to the shutdown showed economic resilience: Q2 GDP was revised up to 3.8%, employment growth slowed but productivity improved, and the Q3 GDP Now forecast remained at a high of 4%. High-frequency indicators show that the economy is still experiencing moderate expansion.With unclear policy prospects, the Federal Reserve lowered interest rates by 25 basis points in October but released cautious signals, and the expectation for another rate cut in December has weakened. Currently, the market's expectation for subsequent rate cuts stands at 60-65%; if the quiet period is extended, the likelihood of pausing rate cuts will increase, further supporting the dollar and tightening credit. If Bitcoin wants to restart its upward momentum, it will need to wait for a reversal in ETF outflows and a warming of risk sentiment.

ChainCatcher news, according to official data, the world's first Chinese decentralized contract exchange Sun Wukong (@sunwukong_DEX) has once again surpassed a daily trading volume of 100 million USDT, with a total cumulative trading volume exceeding 3.1 billion USDT. Since its launch, Sun Wukong has attracted a large number of professional traders and community users with its strong product performance and excellent on-chain trading experience, solidifying its title as the "New King of On-Chain Contracts" with real trading volume and user activity.At the same time, Sun Wukong has launched the fourth phase of its welcome celebration, introducing a significant zero-cost incentive program for new users. Participants can earn up to 490 $SUN rewards through recharge, trading, and invitation tasks. The activity prize pool resets daily, encouraging more users to participate in on-chain trading and experience the efficiency and fairness of the Sun Wukong ecosystem.

ChainCatcher news, according to official information, OKX has officially released the 36th Proof of Reserves (PoR). This period's data shows that the reserve ratios of the 22 major cryptocurrencies disclosed by OKX all reach 100%, with the reserve ratios for BTC, ETH, USDT, and USDC being 105%, 102%, 106%, and 100% respectively. The total value of the reserve assets amounts to $35,373,778,763.This release marks OKX's continuous monthly disclosure of Proof of Reserves, making it the first cryptocurrency exchange in the industry to achieve a three-year milestone in PoR publication. During this time, OKX has continuously enhanced asset transparency through technological innovation—from initially introducing Merkle tree verification, to upgrading to a comprehensive Merkle tree mechanism, and then adopting zero-knowledge proof technology (zk-STARK) to optimize privacy and security, consistently leading the industry's standards for public verification. OKX stated that it will continue to drive transparency through technology, safeguard security through trust, and help the industry establish a more robust asset protection system.

According to ChainCatcher news, HTX DAO will hold a live event themed "HTX DAO Q3 Report: Data · Destruction · Governance · Outlook" on October 17 from 19:30 to 20:30 (UTC+8). At that time, HTX DAO core builder Liu Ye, Helium, HTX DAO governance committee members Mao Mao Jie, DaDa, PPP, Huobi HTX contract ambassador Da Biao Ge, HTX DAO listing observer Niu Mo Wang, and Huobi HTX builders Seven, Aster, and other crypto KOLs will discuss topics such as Huobi HTX Q3 core data and development, $HTX destruction progress and supply changes, HTX DAO governance milestones, etc., and there will be an open Q&A session to address popular topics of interest to the community and media.

ChainCatcher live report, Consensys founder and CEO Joseph Lubin, Ethereum Foundation co-executive director Tomasz Stanczak, and EigenCloud founder and CEO Sreeram Kannan jointly attended the TOKEN 2049 conference to share insights in the roundtable discussion "Ten Years In: Ethereum's Next Frontier."Consensys CEO Joseph Lubin reminisced about the early days filled with crypto anarchism, when the slogan was "Kill the banks." However, Ethereum's greatest achievement lies in choosing evolution over revolution, successfully integrating both crypto anarchists and large banking institutions into the same ecosystem.He also shared that his L2 project Linea allocates 85% of tokens to the ecosystem, burning 20% of transaction fees to support the mainnet, demonstrating how L2 should give back to the main chain. Ethereum Foundation co-executive director Tomasz Stanczak revealed that the foundation aims for gas usage to reach 100 million by March next year, which will increase computing power by about three times. The focus for the coming year will be on finality, privacy, and security. He emphasized that L1 and L2 have a mutually reinforcing relationship and encouraged more customized L2s to develop for specific markets.EigenCloud founder Sreeram Kannan believes Ethereum is the "trust layer of humanity," which is especially important in the age of AI. When AI can perfectly mimic anyone, ensuring that AI agents fulfill their promises and establishing accountability become critical issues. He introduced EigenLayer, which can protect any decentralized network through ETH staking and launched a fully deterministic AI reasoning pipeline to implement accountability mechanisms.The three guests unanimously advised builders not to worry about which chain to choose but to focus on what truly matters. Kannan stated that the infrastructure is ready, and now more ambitious applications are needed to disrupt the entire economic system.

ChainCatcher message, the Polygon Foundation has released an update stating that the Milestone issue fix version has been released, the cause of the final confirmation issue has been identified, and version v2.2.11-beta2 has been released for Bor, while version v0.3.1 has been released for Heimdall, the latter being a hard fork scheduled to be implemented at 3 PM UTC. Continuous monitoring of network performance will be conducted to ensure all issues are resolved.Previously, there was a temporary delay in the final confirmation of Polygon transactions.

ChainCatcher news, according to the latest official information, SunPump has established deep collaborations with dozens of leading CEXs, DEXs, digital wallets, and market makers in its one year since inception, continuously providing comprehensive empowerment for TRON ecosystem meme projects.To celebrate its first anniversary and give back to the global community users, SunPump will hold grand celebrations simultaneously in Shanghai on August 13 and in New York on August 15. This event will innovatively achieve a seamless connection between on-chain communities and offline scenarios, with carefully prepared custom-themed cakes, limited-edition peripheral gifts, and other rich interactive activities, plus a substantial 5000 USDT reward waiting to be shared.