lava

According to the token unlocking data from the crypto asset data platform RootData, Lava Network (LAVA) will unlock approximately 145.2 million tokens on January 9th at 10:00 AM Beijing time, worth about 21.43 million USD.

Binance Alpha has now launched the Lava Network (LAVA). Users holding at least 230 Binance Alpha points can claim the token airdrop. Claim 165 LAVA tokens on the Alpha event page. If the event is not over, the score threshold will automatically decrease by 5 points every five minutes.Please note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, or it will be considered a forfeiture of the airdrop.

Bitcoin lending platform Lava has completed a $200 million financing round and launched a new product—Bitcoin Line of Credit (BLOC). This product functions similarly to securities-backed loans or home equity lines of credit, but allows users to borrow flexibly using Bitcoin as collateral, without the monthly repayment or term limits commonly associated with current Bitcoin collateralized loan markets.In addition, Lava has introduced two well-known angel investors, namely Bitcoin investor and entrepreneur Anthony Pompliano and EMJ Capital founder Eric Jackson. Lava is a closed-source custodial wallet, allowing users to obtain loans of up to 50% of their Bitcoin balance (in USD) through the Lava app. Most loan products and USD payment channels can be used without providing personal information, which makes Lava stand out among numerous competitors, sitting between pure DeFi and more modern cryptocurrency financial institutions.Furthermore, Lava also offers a "liquidation protection" feature, which can withdraw funds from the Bitcoin balance deposited by users in the app and add them to the collateral account to protect users from liquidation during periods of extreme Bitcoin price volatility.

ChainCatcher news, focusing on the Bitcoin collateral lending platform Lava, announced that it has completed a $17.5 million Series A extension financing and simultaneously launched a new dollar yield product.This round of financing was supported by several angel investors, including Peter Jurdjevic from the Qatar Investment Authority and former executives from Visa and Block (formerly Square). The newly launched dollar yield product allows users to provide dollar funds to offer liquidity for Bitcoin collateral loans on the platform and earn yields, with the current annual percentage yield (APY) reaching up to 7.5%. Lava stated that all loans are solely backed by Bitcoin as collateral, with a collateralization ratio exceeding 200%. Lava's previous Series A financing was led by Peter Thiel's Founders Fund and Khosla Ventures.

ChainCatcher news, according to the official announcement, former Grayscale ETF head David LaValle has been appointed as the head of CoinDesk Indexes. LaValle previously led Grayscale's ETF-related efforts, including pushing for the conversion of Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF.

ChainCatcher news, the U.S.-based digital wallet company Lava Payments announced the completion of a $5.8 million funding round.This round was led by Lerer Hippeau, with participation from Harlem Capital, Streamlined Ventures, and Westbound. The company intends to use the funds to expand its business and development efforts.

ChainCatcher news, according to Unchained, David LaValle, the global ETF head of cryptocurrency asset management company Grayscale, will leave at the end of July, just weeks after the company secretly submitted its IPO application on July 14. LaValle joined in 2021 and played a key behind-the-scenes role in the transition of GBTC to ETF.Currently, Grayscale is facing frequent leadership changes and pressure from shrinking asset management scale, with its core product charging higher fees than competitors. Against this backdrop, whether its upcoming IPO can tell a compelling "growth story" to attract investors remains to be seen by the market.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the modular data access layer Lava Network has been the project with the most new followers among X (Twitter) Top personalities. New influential figures on X who have followed this project include Rainy Sleep (@0xSleepinRain).

ChainCatcher news, according to Cointelegraph, SEC Commissioner Hester Peirce stated at the SEC's "Know Your Custodian" roundtable that U.S. financial institutions are playing a game of "the floor is lava" in the dark when dealing with cryptocurrency business.Peirce explained that registrants of the SEC must treat activities related to cryptocurrency as if they were playing "the floor is lava," aiming to jump from one piece of furniture to another without touching the ground, except here, direct contact with cryptocurrency is the lava. "The Washington, D.C. version of this game is our regulatory approach to crypto assets, particularly the custody of crypto assets. Due to unclear regulatory rules, companies wanting to engage in cryptocurrency must avoid directly holding cryptocurrencies.Hester Peirce stated, "Now is the time for us to find a way to end this game. We need to turn on the lights and build some sidewalks over the lava pits."

ChainCatcher news, the modular blockchain infrastructure developer Lava Network announced that the community has voted to extend the lock-up period of the LAVA token by one year until January 2026. Lava will focus on implementing the relevant upgrades on the mainnet to enforce the extended lock-up period.

ChainCatcher news, according to Fortune magazine, the Bitcoin lending platform Lava has completed a $10 million Series A funding round, with participation from Founders Fund and Khosla Ventures.Lava's founder and CEO Shehzan Maredia stated that the platform allows users to borrow against Bitcoin as collateral, "Our slogan is save in Bitcoin, spend in dollars."Lava plans to develop additional services, including the ability to pay and purchase Bitcoin, and does not intend to issue tokens (the Series A funding is an equity financing).

ChainCatcher news, according to Protos, Lava founder Shehzan stated that there are approximately 400 "second layer" solutions running on the Bitcoin blockchain.Shehzan pointed out in the Gwart Show on August 25 that the actual value of these roll-ups and alternative blockchains is in question. Some believe the number of such projects is only between 80 and 85, while others estimate it to be over 1,000. The discrepancy in estimates is so large because anyone can "roll-up" data and broadcast a tiny hash to any miner, technically creating a "Bitcoin second layer."Among these second layer solutions, many are simply clones of Ethereum roll-ups, primarily processing data on centralized servers outside the Bitcoin network and periodically broadcasting state hashes into the Bitcoin block.

ChainCatcher news, the Solana meme coin leverage platform Lavarage officially announced the launch of the Tephra Points Program. The program aims to incentivize users' trading, staking, and community participation through a series of regular "missions." Tephra Points reward users for their platform activities through a points system. The plan is to distribute points through tasks released every two weeks, with the specific content and point allocation of each task adjusted according to the platform's needs.According to official information, the first batch of Tephra tasks (Mission 1) has already begun, and early participating users can check their Tephra Points balance on the platform. New users can also accumulate points by participating in platform activities.According to a previous tweet from Lavarage co-founder Fire, there is a strong possibility that Tephra Points will be related to future token issuance.It is reported that since the platform went public at the end of June this year, Lavarage has processed over 5,000 leveraged spot trades.

ChainCatcher message, the modular blockchain infrastructure developer Lava Network announced on social media that the re-staking feature has been launched on the mainnet. This means that the protocol's security costs are lower, and re-staking users can help improve service quality through the following measures:Stake LAVA to ensure the security of the Lava blockchain;Re-stake LAVA with major providers to enhance the overall network performance.

ChainCatcher news, Solana meme coin leverage platform Lavarage co-founder Fire introduced the operation mechanism of its points system "Tephra" in a tweet:The Tephra points system aims to reflect users' contributions to the platform by rewarding their economic activities (such as paying transaction fees and increasing total locked value TVL), thereby promoting the alignment of interests and mutual growth between the platform and its users. Unlike other airdrops, Lavarage's points system creates long-term substantial value for the platform.Fire stated that the platform will gradually roll out 8 to 10 two-week "missions" for users to earn Tephra points (speculated that the token may be launched in the fourth quarter). The missions will balance the points distribution among traders, liquidity providers, and partners through engaging interactions, aiming to establish the fairest and optimal reciprocal structure before the token launch, maximizing its long-term value.The platform will recently clarify doubts for users through an AMA, aiming to strengthen the agreement and trust between the platform and its users. Fire looks forward to creating significant value with community members and achieving major breakthroughs in the DeFi space together.

ChainCatcher news, the modular blockchain infrastructure developer Lava Network announced that all LAVA airdrops have been completed, targeting users who claimed between July 20 and 30 (mainnet). A total of 572,088 LAVA has been distributed across over 774 addresses.

ChainCatcher news, according to Crypto Briefing, modular blockchain infrastructure developer Lava Network has launched its public mainnet, which is supported by the Filecoin network, StarkNet Foundation, and Cosmos Hub.This release includes a $2 million incentive pool for participants and the first launch of the community-centric LAVA token, along with an airdrop of 55 million tokens to enhance decentralization and participation. Lava Network aims to attract high-quality infrastructure providers, such as Google Cloud, which has already been running on its testnet. The initiative aims to improve interoperability between different ecosystems and network reliability.

ChainCatcher message, the modular blockchain infrastructure developer Lava Network posted on X that the team has noticed several counterfeit Vesuvius airdrop claim pages are circulating.Please recognize the official airdrop page claims.lavanet.xyz (verify on Discord). Airdrop claims will end with the launch of the public mainnet, please be cautious of suspicious links and impersonators.

ChainCatcher message, the modular blockchain infrastructure developer Lava Network stated that if users have not claimed LAVA, they will not be able to receive tokens in time when the public mainnet goes live. Users can still continue to claim before that, but the tokens will be sent to them later.