｜The number of wallets attacked by the Solana vulnerability exceeded 15,000; Hashed confirmed that it lost more than $3 billion in the LUNA crash (August 3)

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2022-08-04 09:18 (UTC+8)

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The public chain Sui has opened the incentive testnet registration; the Ethereum testnet Sepolia is expected to upgrade the execution layer on August 17;

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The public chain Sui has opened the incentive testnet registration; the Ethereum testnet Sepolia is expected to upgrade the execution layer on August 17;

headlines

Data: The number of wallets attacked by the Solana vulnerability exceeds 15,000

According to the data of the blockchain browser Solscan, in the hacking attack so far, according to the statistics of SOL, USDC and other Solana-based tokens, the user loss reached 4.46 million US dollars. The four identified attacker wallets collectively compromised more than 15,200 wallets, although there may be overlap between their targets. (Decrypt)

Binance Co-Founder He Yi to Lead Binance Labs

Binance co-founder He Yi will lead Binance Labs, the venture capital arm of Binance.

Crypto venture capital firm Hashed confirmed that it lost more than $3 billion in the LUNA crash. Hashed bought 30 million LUNA tokens in the early days, which was worth more than $3.6 billion in April.

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industry news

Ethereum testnet Sepolia is expected to undergo an executive layer upgrade on August 17

Sepolia, the Ethereum testnet, will undergo a merged execution layer (EL) upgrade at block height 1735371 (expected on August 17). This upgrade will cause disconnection of clients on the execution layer that have not been converted to PoS, and node operators need to upgrade the execution layer clients before this.

Solana ecological wallet Phantom tweeted, "There is reason to believe that the reported vulnerability is due to the complexity associated with importing and exporting accounts between Slope, and is still actively working to determine whether there are other vulnerabilities that lead to this incident. If there are Phantom users There are other wallets installed too, we recommend that you try transferring your assets to a new non-Slope wallet with a new seed phrase."

Project News

The public chain Sui has opened the incentive testnet registration

According to official news, the PoS blockchain network Sui announced that it has opened the incentive testnet registration, validators, developers, and Sui enthusiasts can apply to participate. The Sui Foundation will reward validators with 2,000 SUI for each testnet “wave” they participate in, and promises to pledge up to 10% of the supply of Sui tokens to top-performing validators who continue to participate in the Sui mainnet. SUI token rewards are only provided after the Sui protocol mainnet is launched, and have a one-year lock-up period.
It is reported that Sui is a public chain project being developed by Web3 infrastructure startup Mysten Labs.

Metaverse GameFi and NFT

Starbucks to unveil Web3-based loyalty program next month

Starbucks founder Howard Schultz previewed Starbucks' upcoming Web3 plan in an earnings conference call with investors this week. Starbucks will announce its Web3-based loyalty program at its Investor Day event next month, which includes a coffee-based loyalty program. NFT of the theme.

According to the official account of the Fujian Blockchain Association, the first blockchain industry group standard in Fujian Province, "General Technical Requirements for Blockchain Digital Collections" (draft for comments) was officially released and widely solicited opinions from the outside world. The technical standard was issued by the Fujian Blockchain Association, and more than 20 companies including Entropy Chain Technology (Xiamen) Co., Ltd. and Xtep (China) Co., Ltd. participated in the formulation of the standard.

Investment and Financing

African blockchain companies raised more than $300 million in the first half of this year

In the first half of this year, African blockchain companies raised a total of $304 million, more than double last year’s total of $127 million. It was $91 million in the first quarter and $213 million in the second quarter.

BitValue Capital Launches $100M Web3 Growth Fund

Global investment institution BitValue Capital announced the launch of a $100 million Web3 Growth Fund to encourage innovative blockchain projects. The fund will focus on investment opportunities in areas such as game studios, Metaverse, GameFi, NFT, SocialFi, DAO and DeFi.

Regulatory policy

Cookie3, a Web3 user analysis start-up, completes $2.5 million in financing, led by Spartan Group and others

Cookie3, a Web3 start-up company, announced the completion of a US$2.5 million seed and strategic round of financing, co-led by Spartan Group, Hartmann Capital, and Big Brain Holdings, with participation from LD Capital, Jsquare, Block54, Damo Labs, Master Ventures, and Gravity Team.
It is reported that Cookie3 is building a data engine that can be used to analyze NFT, smart contracts and Tokens on the blockchain, aiming to better understand Web3 user behavior, and then provide B2B services and advertising tools for enterprises. (Digital Journal)

Regulatory policy

Central Bank Liu Honghua: Establish the jurisdictional effect of financial laws on illegal activities carried out by overseas financial institutions

Liu Honghua, director of the Department of Treaty and Law of the Central Bank, wrote an article "The "Extraordinary Decade" of my country's Financial Rule of Law Construction" in the "China Finance" magazine. The article pointed out that the system of extraterritorial application of financial laws should be improved. Further promote the revision of basic financial laws such as the "Anti-Money Laundering Law" and "Commercial Bank Law", and study the addition of extraterritorial applicable clauses.

Fed's Daly: Market expectations for Fed rate cut next year ahead of schedule

The Federal Reserve's Daly said that our battle against high inflation is not over. The market is ahead of expectations for the Federal Reserve to cut interest rates next year. We have pledged to bring inflation closer to our 2 percent goal; we will unite to achieve our two mandates.

Foreign media: The U.S. Senate intends to treat Bitcoin and Ethereum as commodities and be regulated by the CFTC

Proposed legislation in the U.S. Senate would treat bitcoin and ethereum as commodities regulated by the U.S. Commodity Futures Trading Commission (CFTC). (Wall Street Journal)

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Indian crypto exchange WazirX is under investigation for allegedly laundering more than $350 million

The Indian Ministry of Finance confirmed on August 2 that local cryptocurrency exchange WazirX is under investigation for two cases of money laundering and violation of foreign exchange rules.
India's Finance Minister Pankaj Chaudhary said in a written reply to the upper house of parliament that the Enforcement Bureau was investigating allegations that 27.9 billion rupiah (more than $350 million) was laundered through WazirX. (The Economic Times)