BlockBeats news, on September 16, according to crypto KOL AB Kuai.Dong, South Korean trader NAMSEOKHEE (南石熙), who previously opened more than 60 long orders on alts betting on alt season, has just closed all his long orders, leaving only the last ENA order (currently with unrealized losses of $109,000). Previously, through this strategy, he had unrealized gains of $712,000 a week ago, firmly believing that the alt season would come soon, and ultimately most of them were not closed. This led to all profitable orders ending up as losses.

According to ChainCatcher news and reports from The Block, the privacy public chain Namada based on Cosmos has announced that it has completed the final preparations for its Mainnet deployment, introducing a composable privacy layer for decentralized applications. The trading of its native Token NAM is scheduled to begin this week, in sync with the Mainnet launch.

BlockBeats News: On June 17, Namada, a public privacy chain based on Cosmos, announced that it has completed the final preparations for its mainnet deployment, introducing a composable privacy layer for decentralized applications, and its native token NAM trading is scheduled to begin this week, in parallel with the mainnet launch.

PANews reported on June 17 that, according to the official announcement, Gate will launch Namada (NAM) spot trading at 18:00 on June 19 (UTC+8). At the same time, Gate Launchpool will open two mining activities from 21:00 on June 17 to 21:00 on July 9 (UTC+8), and users can stake GT, USDT, NAM to claim a total of 1,428,572 NAM airdrops.

Gate News bot news, according to the platform announcement on June 17, 2025: Gate will launch the Namada( spot trading on June 19, 2025, at 18:00 (UTC+8), opening the NAM/USDT trading pair. At the same time, the platform will hold a Launchpool event lasting over 20 days, where users can participate by staking GT, USDT, and NAM to share a total reward of 1,428,572 NAM tokens. The event will be conducted in two phases: the first phase is from June 17, 2025, 21:00 to June 19, 21:00, with a prize pool of 230,000 NAM; the second phase is from June 19, 21:00 to July 9, 21:00, with a prize pool of 1,198,572 NAM. The system will distribute rewards hourly based on the proportion of users' staked assets. Namada is a Layer-1 blockchain project based on Proof of Stake (PoS), dedicated to building a multi-chain composable privacy layer. The project is developed in Rust and implements cross-chain communication through the CometBFT consensus mechanism and IBC, aiming to provide data protection services for existing chains, DApps, tokens, and NFTs. The total supply of the project token NAM is 1 billion.

BlockBeats news, on June 10, the privacy-focused Layer 1 Blockchain Namada tweeted that the fifth phase proposal is now live, and if the proposal is approved, internal NAM transfers will begin this Friday.

Odaily Planet Daily News According to reports, South Korean congressman Kim Nam-kuk may be sentenced to six months in prison for allegedly failing to report his Cryptocurrency Holdings to the government. He is currently being tried in Seoul. According to the Korean media Dong-A Ilbo, although Kim Nam-gu owns 9.9 billion Korean won in digital assets, his total assets reported in 2021 were 1.2 billion Korean won (approximately 834,356 U.S. dollars at the time of writing), and he concealed CryptocurrencyHoldings worth 9.9 billion Korean won in 2022. The prosecutor stated that Kim Nam-guk "obstructed the congressional ethics committee's review of congressional members' assets in a false manner" because he did not declare all of his Crypto Assets holdings. Holding such assets may create potential conflicts of interest for elected officials. 2023

Ether Gavin, a member of the Namada community of the private public chain, has put forward a proposal to launch a public goods grant campaign that will give Airdrop NAM Token, a donor to the blockchain advocacy organization Coin Center. The program is scheduled to launch during the holiday season. If passed, Namada will Airdrop 1 million to 2 million NAM to Coin Center, which is about 2% of PGF's annual budget

Jinse Finance reported that Namada, a privacy-focused Layer 1 blockchain, has officially launched its Mainnet and activated the Genesis Block of the network. This marks the beginning of the first phase of its Decentralization Mainnet launch, involving stake and governance. The release also includes a community Airdrop. Eligible Wallets will receive NAM Tokens, with transferability expected to be activated in the fifth phase and completed within a few months.

Privacy public chain Namada stated that it has confirmed the launch of Mainnet on December 3. For the Mainnet genesis (first phase), starting from December 3, users will be able to stake NAM to validators and vote on on-chain governance proposals.