kip

Musk posted on the X platform that the Grokipedia platform he launched is open-source software, which anyone can use for free without paying licensing fees or attributing sources. Users are only required to correct errors when they find them to enhance the objective accuracy of the content.

According to The Block, the Argentine Congressional Investigation Committee has released a final report accusing President Javier Milei of providing key cooperation in the $LIBRA cryptocurrency collapse and suggesting that Congress evaluate whether it constitutes misconduct.The report shows that Milei promoted the $LIBRA token on his personal social media accounts, after which 8 wallets associated with the Libra team cashed out $107 million, resulting in losses for 114,410 investor wallets. This 200-page report is titled "$LIBRA is Not an Isolated Incident" and reveals a series of systemic issues. The investigation found that the Milei government also promoted a cryptocurrency called the KIP protocol, which experienced a liquidity pool being drained after its launch in December 2024.The committee believes this indicates the government's intention to bypass regulatory bodies such as the National Securities Commission (CNV). Currently, Milei and Libra founders, including American entrepreneur Hayden Davis, are facing judicial investigations in Argentina and a class-action lawsuit filed by Burwick Law in New York. Milei has denied any wrongdoing and disbanded the special investigative task force established by his office in May, after a judge had previously ordered the Argentine Central Bank to unfreeze the bank accounts of the president and his sister, Karina Milei.

ChainCatcher news, according to Cointelegraph, the law firm Burwick Law has filed a lawsuit on behalf of its clients in the New York Supreme Court against Kelsier Ventures, KIP Protocol, Meteora, and related parties regarding the issuance of LIBRA tokens. This class action complaint accuses the defendants of orchestrating an unfair token issuance campaign that misled purchasers and harmed the interests of retail investors.

ChainCatcher message, KIP Protocol released a statement regarding the $LIBRA token, clarifying KIP Protocol's role in the event:KIP did not initiate the Libra project or the Viva La Libertad project.KIP was invited to assist in managing the financing plan for small and medium-sized enterprises in Argentina.KIP did not participate in the token issuance.KIP did not profit in any way from the token issuance.KIP has no prior or ongoing relationship with President Javier Milei.KIP stated that it will continue to work with all relevant parties to address any misunderstandings and is prepared to take necessary legal action to protect its reputation from further unfounded accusations.

ChainCatcher news, LIBRA's main sponsor KIP Protocol issued a response to the "official statement from the Argentine Presidential Office regarding the issuance of LIBRA tokens": "Mauricio Novelli is not a member of the KIP team; Novelli is the founder of Argentina Techforum, and KIP sponsored him in October 2024. KIP Protocol has never met with Argentine President Javier Milei in January 2025."Previous news, this morning the Argentine Presidential Office issued a statement stating that President Javier Milei met with KIP Protocol's representative in Argentina on October 19 last year. Attendees included KIP Protocol company representatives Mauricio Novelli and Julian Peh, as well as presidential spokesperson Manuel Adorni.

ChainCatcher message, KIP Protocol stated on platform X that the release and market-making of the LIBRA token are entirely the responsibility of KelsierVentures and the project's initiator Hayden Davis, and no related wallets belong to KIP. KIP is only invited to manage and oversee the selection of funded technology projects after the release and to provide technical infrastructure for the AI program.When Argentine President Milei announced the project on X, KIP was not involved in the release, as KIP Protocol's role has always been to act after the release. KIP has faced a lot of FUD today, including threats against individuals and employees, but was not involved in the release, nor did it handle any tokens or SOL. KIP Protocol did not receive a penny in profit from the LIBRA token issuance and is not involved in market-making activities.

ChainCatcher message, KIP Protocol co-founder Julian cited the official previous statement from KIP Protocol on platform X, stating: "The wording of this tweet is inappropriate. There are reasons for doing this (LIBRA project). But we will not delete it to maintain complete transparency."

ChainCatcher message, regarding the LIBRA token project, Gm Capital team member Beanie posted on platform X, "I never really wanted anyone in this industry to go to jail. Not even SBF, Do Kwon, absolutely no one. I always take the risks and responsibilities for my often bad trading decisions. But the KIP Protocol team needs to be sent straight to hell. Lock them up." KIP Protocol co-founder Julian then responded, "I am here. I am not hiding. No need to track us down, we are not hiding."

ChainCatcher message, in response to Solayer team member Chaofan Shou's "box opening" behavior towards KIP Protocol team members, KIP Protocol co-founder Julian posted a response stating: "Come find me. This is no scam. If this were a scam, we wouldn't have received so much launch support. Just because you lost money doesn't mean this is a scam."In response, Solayer team member Chaofan Shou said, "The LIBRA incident was a scam, and I will find each and every one of you. From Vietnam to Singapore to the United States. You are in trouble."

ChainCatcher news, KIP Protocol co-founder Julian has released a preliminary response regarding the LIBRA project, stating that the Viva la Libertad project aims to promote the economic development of Argentina by providing funding for small projects and local businesses, supporting those who seek to expand their ventures and contribute to the country's development. The funds remain on-chain, and no SOL has been transferred. The KIP team is involved in the project, primarily responsible for managing the allocation of funds to Argentine companies, rather than the token aspect.It is worth noting that the token has not undergone a presale, and all sales are conducted through a unilateral liquidity pool. The KIP team will develop an operational plan for the Libertad project based on the original goals and promises not to use any SOL for purposes outside the project, with all funds being transparently accounted for, and more details will be provided later.

ChainCatcher message, the KIP Protocol official stated on platform X, "The Viva la Libertad project aims to assist private enterprises in Argentina, and the LIBRA token has also achieved some success. To address unnecessary issues: we want to clarify that this is a private enterprise project, and President Milei was not involved in the development of this project, as he himself mentioned. This is a completely private enterprise project."

ChainCatcher message, according to data from CoinGecko, $KIP reached a maximum price of $0.04 on the day after TGE, with FDV exceeding $400 million. The increase was over 1300%, topping the 24-hour gain charts on Kucoin and Gate.io.It is reported that in this KIP official airdrop event, over 100,000 users qualified. Based on the TGE price, more than half of the users received an airdrop worth around $400.KIP is a decentralized AI underlying protocol that builds Web3 infrastructure for AI app developers, model creators, and data owners. KIP completed its TGE on December 10 at 10 AM Beijing time on Kucoin, Gate.io, and BingX.

ChainCatcher news, Interchain Foundation acquires blockchain solution provider Skip Protocol.Interchain Foundation (ICF) is a Swiss non-profit organization dedicated to promoting interoperability and sustainable development within the Cosmos ecosystem. This strategic acquisition brings Skip's expertise in product, engineering, and overall coordination with the ecosystem and community into ICF.After the acquisition, Skip will be renamed Interchain Inc., becoming a subsidiary of ICF, led by Skip co-founders Barry Plunkett and Maghnus Mareneck, who will be responsible for leading all product, protocol, and strategic development for the foundation. Its main goal is to promote the development of cross-chain native companies and developers, attract new users and capital liquidity, and drive technological achievements to enhance the competitiveness of the Interchain Stack.

ChainCatcher news, KIP Protocol announces the opening of airdrop eligibility queries and reveals the airdrop distribution rules. The airdrop accounts for 8.5% of the total KIP supply. The distribution ratio is: 50% for Uprising users, 24% for Genesis NFT holders, 24% for early node purchasers, and 2% for 100X SBT holders.After the airdrop rules were announced, the price of Genesis NFTs surged to a maximum of 1 ETH.It is reported that KIP has announced that the TGE will take place on December 10 at 10 AM (Beijing time) on KuCoin, Gate.io, and BingX, and the KIP/USDT trading pair will be opened.

ChainCatcher news, Argentine President Milei forwarded a response to KIP co-founder and CEO Julian's tweet, welcoming KIP to invest in Argentina and Latin America and promote AI development. Following their one-on-one meeting in September, Milei publicly interacted with KIP again on social media, expressing his recognition and strong support for KIP. This is also the first Web3 project, aside from memes, to receive multiple endorsements and interactions from international presidents.KIP is a Web3 infrastructure built for AI app developers, model creators, and data owners, allowing for easy deployment and monetization of AI assets while fully retaining ownership. It is reported that KIP has announced its TGE will take place on December 10 at 10 AM (Beijing time) on KuCoin, Gate.io, and BingX.

ChainCatcher news, the decentralized AI underlying protocol KIP Protocol announced that the KIP token TGE will take place on December 10, further promoting the development of DeAI.Its whitelist node sale (node.kip.pro) is in full swing and will end at 12 PM (UTC+8) on December 7. It is reported that all KIP node purchasers (including early whitelist supporters) will receive $KIP airdrop rewards, which can be activated within 7 days after the TGE.KIP is a Web3 infrastructure built for AI app developers, model creators, and data owners, allowing for easy deployment and monetization of AI assets while fully retaining ownership. So far, KIP has implemented real use cases of DeAI in various fields such as education, entertainment (AI Agent), biotechnology, and government, with a total financing amount exceeding $10 million.

ChainCatcher news, according to Jinshi reports, LPL Financial Chief Economist Jeffrey Roach expects the Federal Reserve to skip a rate cut in December or January next year, followed by up to four rate cuts within 2025. Analysts at Bank of America expect a rate cut in December, but they add that "given the resilience of economic activity and stubborn inflation, the magnitude of the rate cut seems to lean towards being more moderate."According to data from the CME FedWatch tool, the market expects about a 45% chance that the Federal Reserve will keep interest rates unchanged at the upcoming December meeting. A month ago, this probability was 24%.

ChainCatcher news, recently, KIP Protocol announced on its official Twitter that its AI deployment solution provider Kipley.ai has officially signed a Memorandum of Understanding (MOU) with the Thailand Institute of Scientific and Technological Research (TISTR). TISTR is the largest government research institution in Thailand, directly under the Ministry of Higher Education, Science, Research and Innovation of Thailand.The strategic cooperation between KIP Protocol and TISTR will utilize the AI tools of Kipley.ai to analyze stem cell samples with the utmost precision, promoting faster and more reliable breakthroughs in regenerative medicine.It is reported that the AI technology architecture of Kipley.ai has been applied in key fields such as life sciences, agriculture, and biotechnology by more than 200 universities, government agencies, and non-governmental organizations. This cooperation aims to address significant challenges in the biotechnology and medical fields, benefiting millions of patients worldwide.KIP Protocol is a decentralized underlying protocol focused on AI and is the world's first decentralized RAG network. Over the past year, KIP has continuously expanded its customer base in the education, entertainment, and government cooperation sectors, partnering with leading Web2 and Web3 companies, and consistently promoting real use cases of DeAI while achieving sustainable user growth.

ChainCatcher news, KIP Protocol announces a strategic investment in HackQuest. As a decentralized AI infrastructure, KIP will fully leverage HackQuest's developer network, with plans to launch a global hackathon initiative next year, gradually advancing the development of the KIP ecosystem and developer program, supporting the growth of the next generation of DeAI developers.HackQuest, as a leading Web3 developer education platform, hosts over 50 hackathons globally each year, with an active community of more than 50,000 developers and rich experience and expertise. This investment will further enhance KIP Protocol's influence in the promotion and education of decentralized artificial intelligence (DeAI), while providing HackQuest with a robust set of DeAI development components to help emerging DeAI developers get started.

ChainCatcher news, during the recent Argentina Technology Forum, KIP co-founder Julian Peh had in-depth discussions with Argentine President Milei. They explored the challenges and opportunities brought by AI, as well as issues related to AI sovereignty. Julian emphasized that KIP is focused on promoting the integration of DeAI and education as a key step towards achieving a positive social transformation quickly.President Milei expressed high appreciation for KIP's strategy and supported KIP in undertaking more work, encouraging the widespread application of its technological solutions in Argentina. This meeting demonstrated Milei and the Argentine government's firm support for KIP's future development and laid a solid foundation for KIP's expansion in the Latin American market. Julian also revealed that KIP is preparing a major initiative targeting Argentina and Latin America, indicating that KIP will have greater development space and potential in the region in the future.