mountain

Cross-chain stablecoin bridge Cashmere announces expansion plans, with the automated liquidity product Goat LP set to open to all users, followed by the launch of the main product Mountain and the token $CSM. Cashmere Bridge currently supports zero-slippage stablecoin transfers across 16 chains, and Goat Street features 6,666 goat NFTs on the Robinhood Chain. The team states that there is currently no official $CSM, and the related arrangements are part of the current plan and may change.Goat LP targets Uniswap v3 and v4 positions on the Robinhood Chain, with positions remaining in users' wallets as Uniswap NFTs. Automatic reinvestment incurs a 10% reinvestment fee, with Gas covered by the project team; automatic adjustment of ranges and automatic exits both incur a 0.15% fee. The official description refers to it as experimental software. The Mountain code has completed testing and will undergo external auditing before going live. Barn is a soulbound NFT with a maximum of 10 slots, and after issuance begins, new $CSM will be distributed every second. Goat NFTs can be permanently bound to receive issuance shares and cannot be sold or withdrawn after binding.The plan is to issue 1,000 founding Barns, with a guaranteed slot price of 0.125 ETH, whitelist at 0.25 ETH, and public auction prices dropping from 1.5 ETH to 0.25 ETH. $CSM will begin trading through the official Uniswap v4 ETH pool, while market making and tokens on Anvil have been canceled and redeployed due to technical issues. The maximum supply is planned at 666 million, with 10% allocated for official pool liquidity, 25% for the team and treasury with designated ownership, and 65% issued as the system operates. The team also plans to airdrop to Barn participants, Goat Street activators, and early users, with wallets that have listed goat NFTs on OpenSea being excluded.

According to Reuters, Mexican authorities discovered an illegal cryptocurrency mining operation in a remote mountainous building in Tehuacán, Puebla, where 300 GPUs, 80 medium-voltage terminals, and 8 satellite antennas were found on-site. Authorities are investigating whether the operation is stealing electricity from a nearby hydroelectric power station.This is the fourth similar crypto farm discovered in the area since early last year, with three others found near a hydroelectric power station in northern Puebla last year. Local residents reported that the noise from the equipment can be heard from a kilometer away. Mexican security analyst David Saucedo stated that drug trafficking groups seem to have reached a new level of sophistication, as establishing such operations requires technical expertise and support from well-funded groups.Chainalysis Latin America expert Caio Motta pointed out that such operations are usually located in areas with extremely low electricity prices or within the reach of organized crime to steal electricity and establish large-scale mining infrastructure.

U.S. President Trump stated that the U.S. may strike Iran's "Mount Hekla" and urged Tehran to exercise caution. Trump mentioned at the Republican midterm election conference that he noticed activities at "Mount Hekla" and advised Iran not to play tricks, or else it would face severe consequences.

Chain Catcher news, at the BNB Chain fifth anniversary event, Xu Yanqing, Chairman of the Board and Executive Director of Huaxing Capital, stated: "The core of the competition for the global cryptocurrency capital lies in the level of policy protection for investors' rights. As a bridge connecting Web2 and Web3, Huaxing will prioritize compliance to help the BNB Chain ecosystem take root in Hong Kong."In addition, she also admitted that Huaxing Capital has gone through very difficult times in the past two years, and now the boat has passed through thousands of mountains. Currently, the integration of traditional capital and the crypto field is an irreversible trend, and she hopes to help the BNB ecosystem grow more unicorn companies in the future.Previous report, Huaxing Capital has reached a cooperation with YZi Labs to invest approximately $100 million for the special allocation of BNB assets.

ChainCatcher news, according to official news, cryptocurrency financial services company Anchorage Digital announced its entry into the stablecoin business through the acquisition of Mountain Protocol. As part of the acquisition, Mountain Protocol will begin an orderly termination of the USDM project.

ChainCatcher news, Charles Mountain, the head of the Ether.fi ecosystem, confirmed his attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon. Ether.Fi is a liquid staking protocol that allows stakers to control their keys while delegating their stakes to node operators and earning rewards.The "DeInsight 2024" annual summit will take place on November 11 at Hotel Nikko Bangkok. This summit is co-hosted by ChainCatcher and RootData, with SoSo Value as a co-organizer, and aims to bring together elites in the Web3 field to exchange insights about the industry. It is expected to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024, a significant ranking that objectively selects influential individuals or institutions in the industry from a data perspective.

ChainCatcher news, the yield-generating stablecoin issuer Mountain Protocol announced on X that its license has been upgraded by the Bermuda Monetary Authority (Class F) to a full license. This is the highest license available for digital asset businesses in Bermuda, and currently only a few companies have obtained it, including Coinbase, Circle, Hashkey, and Zero Hash.

ChainCatcher news, according to official sources, the yield-bearing stablecoin issuer Mountain Protocol has become a financial management partner of the Arbitrum STEP program. After the related proposal receives broader community approval, USDM will become one of the reserve assets of the DAO treasury.According to RootData, the yield-bearing stablecoin issuer Mountain Protocol announced the completion of an $8 million Series A funding round, led by Multicoin Capital, with participation from Castle Island Ventures, Coinbase Ventures, and other investors.

ChainCatcher news, yield-bearing stablecoin issuer Mountain Protocol announced the completion of an $8 million Series A funding round, led by Multicoin Capital, with participation from Castle Island Ventures, Coinbase Ventures, and other investors. Mountain Protocol is the issuer of USDM, a yield stablecoin "fully backed by U.S. Treasury securities."According to the Web3 asset data platform RootData, Mountain Protocol allows approved users to purchase and exchange USDM at a fixed value of $1. It enables users to collect digital asset wallet addresses and wire transfer details to fund their accounts.

ChainCatcher news, the stablecoin USDM under the stablecoin protocol Mountain Protocol has been launched on DeGate DEX, with the trading pair USDM/USDC. USDM is fully backed by short-term U.S. Treasury bonds and provides users with daily rewards in the form of Rebase, currently with an annual interest rate of 5%. Non-U.S. users can also hold USDM to earn stablecoin yields, aiming to provide users outside the U.S. with the opportunity to access U.S. Treasury yields. Currently, USDM can only be traded on DeGate DEX and Curve.

ChainCatcher news, according to The Block, cryptocurrency market maker Wintermute has established a strategic partnership with stablecoin issuer Mountain Protocol. The collaboration will allow users to exchange USDM for USDC at any time through Wintermute's liquidity supply, while avoiding the banking risks associated with USDM reserves.

ChainCatcher news, according to The Block, the dollar stablecoin USDM issuer Mountain Protocol announced the completion of its seed funding round, led by Castle Island Ventures co-founder Nic Carter, with participation from Coinbase Ventures, Nansen CEO Alex Svanevik, New Form Capital, Daedalus, and OpenZeppelin CEO Demi Brener.It is reported that Mountain Protocol launched a yield-generating stablecoin called USDM, which received a digital asset issuance license from the Bermuda Monetary Authority on July 27.