| The 120,000 ETH stolen from Wormhole has been recovered; Lifeform completed a $5 million Series A financing (February 27)
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120,000 ETH Stolen in Wormhole Hack Last Year Has Been Recovered by Jump Crypto
Odaily News The 120,000 ETH stolen by the cross-chain bridge Wormhole last year due to a hacking attack was recovered by Jump Crypto three days ago. Jump Crypto obtained stolen funds from the Wormhole attacker's vault, transferring collateral and debt from the attacker's vault to its own.
Oasis said it received an order from the High Court of England and Wales on February 21 to recover assets from wallet addresses linked to the February 2, 2022 Wormhole breach. This was done pursuant to a court order using Oasis Multisig and a court-authorized third party. The assets were immediately transferred to a wallet controlled by an authorized third party, as required by the court.
In February last year, Wormhole was attacked and about 120,000 ETH was stolen, worth $325 million at the time. Subsequently, Jump Crypto announced that it would invest 120,000 ETH for Wormhole to make up for the theft of the cross-chain bridge Wormhole. (Blockworks)
Odaily News The 120,000 ETH stolen by the cross-chain bridge Wormhole last year due to a hacking attack was recovered by Jump Crypto three days ago. Jump Crypto obtained stolen funds from the Wormhole attacker's vault, transferring collateral and debt from the attacker's vault to its own.
Industry news
In February last year, Wormhole was attacked and about 120,000 ETH was stolen, worth $325 million at the time. Subsequently, Jump Crypto announced that it would invest 120,000 ETH for Wormhole to make up for the theft of the cross-chain bridge Wormhole. (Blockworks)
Huang Licheng sold more than 100 BAYC NFTs on Blur, and the selling price was around 60 ETH
Data from Odaily News shows that Huang Licheng began to sell a large number of BAYC NFTs on Blur on the evening of the 24th, and has sold more than 100 pieces so far. Most of the shipping prices are around 60 ETH, and the lowest shipping price is 58 ETH. Some analysts say that each BAYC loses about 18 ETH. At present, there are only 57 BAYC NFT left in Huang Licheng's address.
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Cardano Lianchuang: Has signed an acquisition non-disclosure agreement with Coindesk, but the transaction is more difficult
Odaily News Cardano co-founder Charles Hoskinson revealed the latest progress in negotiations on the acquisition of cryptocurrency news site Coindesk. He said he had signed an acquisition non-disclosure agreement (NDA) with Coindesk, but declined to disclose details. In addition, Charles Hoskinson admitted that the acquisition of Coindesk is more difficult and may not happen in the end. He said: "I don't think that Coindesk will be acquired in the end, but I will continue to see the progress of the transaction." According to previous news, the acquisition price of Coindesk may Around $200 million. (u.today)
SBF lawyers write to judge seeking extension to March 3 for bail terms negotiations
Prosecutors urged Judge Lewis Kaplan to tighten bail conditions for SBF and severely limit his internet access after he used an encrypted app to message a former employee and used a VPN to watch the Super Bowl. Kaplan asked SBF to hire a technical expert to discuss his use of the VPN. SBF has agreed to pay to hire experts, and his lawyer said the search is still ongoing. The judge also asked prosecutors and SBF's lawyers to submit a new bail order to the court. (Cointelegraph)
BlockFi's Proposal to Return Digital Assets in Customer Wallets Delayed, Trying to Resolve Disagreements with Creditors
According to the order of U.S. Bankruptcy Judge Michael Kaplan, BlockFi's proposal to return digital assets in customer wallets has been postponed while the two parties try to resolve their differences. The dispute has escalated to BlockFi accusing creditors of being “out of touch with reality,” while creditors accused BlockFi of being “out of temper.”
BlockFi is estimated to owe as much as $10 billion to more than 100,000 clients, and $1.3 billion to its top three creditors alone. (Blockworks)
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Project News
The Solana network experienced a fork event that limited transaction processing
Odaily News The Solana network experienced a fork event that limited users' ability to execute transactions. According to Solana Explorer, at around 2AM ET today, the network was processing about 93 transactions per second, well below the network rate of nearly 5000 TPS about 15 minutes ago. Such low throughput has prohibited users from performing activities such as on-chain transactions and transfers on Solana.
The two validator operators said it was unclear what caused the fork and that the validator operators and representatives of the Solana Foundation and Solana Labs are coordinating a response.
“To be clear, the Solana network is still confirming blocks, but validators risk running out of memory until the root cause of the fork is determined,” validator operator SolBlaze said in a Discord channel.
In a Discord channel set up to coordinate efforts, validators and Solana engineers are discussing a range of options, including a possible network restart or software downgrade. As of press time, they had not reached a consensus. (CoinDesk)
The Solana network experienced a fork event that limited transaction processing
The two validator operators said it was unclear what caused the fork and that the validator operators and representatives of the Solana Foundation and Solana Labs are coordinating a response.
“To be clear, the Solana network is still confirming blocks, but validators risk running out of memory until the root cause of the fork is determined,” validator operator SolBlaze said in a Discord channel.
In a Discord channel set up to coordinate efforts, validators and Solana engineers are discussing a range of options, including a possible network restart or software downgrade. As of press time, they had not reached a consensus. (CoinDesk)
Solana network comes back online after second reboot
Optimism bridge storage TVL breaks through 500,000 ETH
Lido reminds that this restriction will affect all parties who may try to mint stETH on the Lido platform. If the prompt "stETH cannot be minted at this time" appears, try a small amount or wait for a while.
Odaily News According to the latest data from Dune Analytics, the total value of Optimism cross-chain bridging storage, the second-layer expansion solution of Ethereum, has exceeded 500,000 ETH, and has reached 500,328 ETH so far, which is equivalent to about 800 million U.S. dollars based on current prices. Participating in bridging The number of users transacting has just exceeded 300,000 and currently stands at 306,294.
Previously, Coinbase announced the launch of the Ethereum L2 network Base, which will be built based on the OP Stack, and will also join the Optimism super chain ecology.
Lido hits the highest single-day staking traffic, which has triggered the "Staking Rate Limit" limit
Odaily News Liquid staking protocol Lido tweeted that today (25th) the amount of pledged ETH flowing into its platform exceeded 150,000 pieces, setting the highest single-day pledge flow so far, but after reaching this number, the platform triggered a security restriction function "Staking Rate Limit". This function is a dynamic mechanism that can deal with possible problems caused by a large influx of pledged tokens (such as dilution of pledge rewards) without suspending pledged deposits, but will reduce the amount of minted stETH and then gradually replenish it.
Lido reminds that this restriction will affect all parties who may try to mint stETH on the Lido platform. If the prompt "stETH cannot be minted at this time" appears, try a small amount or wait for a while.
MakerDAO: Unable to Control Oasis, Jump Reverse Attack Hacks No Official Smart Contracts or Instructions Involved
Odaily News MakerDAO tweeted that in view of the recent transactions on Maker Vault 30100 and Oasis front-end, it is necessary to explain the difference between MakerDAO, Maker protocol and third-party front-end providers for clarification.
The Maker Protocol is a decentralized smart contract system publicly deployed on Ethereum, allowing any provider to connect its user interface solutions in a decentralized, permissionless manner. However, these UI providers can control the smart contracts they deploy, enabling end users to interact with the Maker Protocol.
The recent transaction to change ownership of Maker Vault 30100 did not involve any of MakerDAO’s official smart contracts or MakerDAO instructions. MakerDAO's smart contracts are not controlled by the Oasis front-end smart contracts.
Wormhole testnet is live Base Goerli
Odaily News Interoperability protocol Wormhole said on Twitter that 48 hours after Coinbase announced the launch of the Ethereum Layer 2 network Base testnet, the Wormhole testnet has launched Base Goerli.
On February 23rd, Coinbase announced the launch of the Ethereum Layer 2 network Base test network. Base is built on the open source OP Stack and will not issue dedicated tokens. Coinbase will partner with Optimism to build the OP Stack. Additionally, Coinbase and its venture capital arm, Coinbase Ventures, will launch the Base Ecosystem Fund to make significant investments in Base-based companies and organizations at the pre-seed stage.
Aptos Ecological DeFi Protocol Thala Labs Announces Launch of Thala Testnet
According to official news, Thala Labs, the Aptos ecological DeFi protocol, announced that the Thala test network has been launched, including two core products: Move Dollar CDP vaults and ThalaSwap. In addition, RWA specific collateral and liquidation mechanism and L0 full chain (Omnichain) fungibility function are under active research.
In October last year, Thala Labs announced the completion of a $6 million seed round of financing, co-led by ParaFi Capital, White Star Capital and Shima Capital, and other investors including Beco Capital, LedgerPrime, Saison Capital and Infinity Ventures Crypto.
HALO announced the details of the airdrop, the total airdrop is 10 million, snapshots will be launched on March 3rd
Odaily news 3D avatar NFT project HALO OFFICIAL issued a document announcing the airdrop details, the total amount of airdrop tokens is 10 million. in:
HALO NFT holders get 25%;
HALO Avatar NFT holders get 25%;
Life Avatar Poap holders get 10%;
Lifeform Activity Medal holders get 10%;
Lifeform Points holders get 20%;
Lifeform Avatar holders get 5%;
Lifeform Cartoon Avatar holders get 5%.
Also, staked NFTs are not included in the snapshot. Therefore, users need to make sure to unstake before taking the snapshot. Snapshot times are: March 3rd at 8:00AM (for addresses other than Lifeform Points); March 5th at 8:00AM (Lifeform Points addresses).
NFT sci-fi card game Parallel will start the PRIME token unlocking program on March 1
As of March 1st, the circulating supply of PRIME is about 20.2 million pieces, of which 19.7 million pieces are issued by Prime Events and caches, and 800,000 pieces are absorbed by receivers (Sinks). Around March 3rd, PRIME will be transferable, and it is planned to Weeks and months bring more utility to PRIME.
Investment and Financing
Odaily news The well-known e-sports player and anchor @Mongraal asked United Planetary DAO to double the bid (690 ETH) of the Dookey Dash game "Jimmy Key" on social media, which is 1380 ETH, which is about 2.2 million US dollars, and said that it will accept this One offer.
DID solutions provider Lifeform closes $5M Series A at $100M valuation led by GeekCartel
Arbitrum’s on-chain asset management platform Factor raises $7.6 million in public offering
Previously, the Lifeform seed round was led by Binance Labs, and the pre-seed round was exclusively invested by GeekCartel.
It is reported that the PC side of Lifeform's UE 5 virtual human editor has been launched in November 2022, and the total number of Lifeform Avatar and related clothing items has exceeded 400,000. The Unity version of the mobile terminal will be launched on February 17, 2023. Up to now, the total casting amount of Lifeform Cartoon Avatar has exceeded 800,000, and the daily PV volume of the official website has reached 20 million. According to officials, the Avatar model will be connected to the hatched blockchain game HALOWORLD in March.
Odaily News According to official news, DID solution provider Lifeform announced the completion of a US$5 million Series A financing, with a valuation of US$100 million and a 5% financing, led by GeekCartel, KuCoin Labs, DHVC, SevenX Ventures, Foresight Ventures, K 24 Ventures and Another World, a South Korean metaverse platform, participated in the investment.
According to reports, NeoSwap AI is trying to bring about changes in business through its multi-party, multi-item trading platform powered by artificial intelligence. Its proprietary algorithm allows efficient transaction discovery using digital assets and minimal currency. The project currently supports Stacks, Solana, Polygon, and plans to raise a seed round later this year. (PR Newswire)
Web3 fashion startup DE Star raises $700,000 in seed round
NFT trading platform NeoSwap AI completes $2 million Pre-Seed round of financing, led by DACM and AngelHub
global policy
According to reports, NeoSwap AI is trying to bring about changes in business through its multi-party, multi-item trading platform powered by artificial intelligence. Its proprietary algorithm allows efficient transaction discovery using digital assets and minimal currency. The project currently supports Stacks, Solana, Polygon, and plans to raise a seed round later this year. (PR Newswire)
Web3 fashion startup DE Star raises $700,000 in seed round
Odaily News Web3 fashion start-up DE Star announced the completion of $ 700,000 in seed round financing. The company mainly uses NFT, blockchain certification, and AIGC technology to promote the decentralization of fashion design, production, distribution, and ownership. It has currently launched a DAO composed of artists, designers, fashion lovers, and brands. (Globe Newswire)
global policy
Odaily News The China Securities Regulatory Commission issued a letter on February 24 regarding the reply to the proposal No. 03009 (No. 199 of the Finance, Taxation and Finance Category) of the Fifth Session of the 13th National Committee of the Chinese People's Political Consultative Conference.
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At present, the application pilot work is being carried out in an orderly manner. In the next step, the People's Bank of China and the China Securities Regulatory Commission will strengthen organizational leadership, focus on coordinated advancement, further strengthen capacity building, and effectively promote the innovative application of blockchain technology in the financial field. (Shanghai Stock Exchange)
Fed's Mester: Need to keep raising rates above 5%
Odaily News Federal Reserve Mester said that the new inflation data confirmed the reason for the Fed to raise interest rates in the future; Much austerity is needed to bring inflation back to 2%; strong inflationary pressures "are still with us".
She also said it was not possible to disclose the size of the rate hike the Fed would need in March. Views on inflation and the economy will not be changed by the latest data. The perception of "only focusing on 25 basis points of rate hikes or 50 basis points" can affect the overall judgment. (Golden Ten)
CryptoSlam: At least $577M of NFT sales on Blur were wash trades
Odaily News Since Blur began airdropping its native token BLUR to users on February 14, CryptoSlam has detected at least $577 million worth of wash transactions related to it.
According to Scott Hawkins, a data engineer at CryptoSlam, the detected wash trading showed suspicious behavior, such as the resale of NFTs at close to the price at which the asset was originally traded for a short period of time. This behavior suggests that some Blur users have been using different wallets to sell themselves NFTs in order to earn BLUR and accumulate credits for the airdrop.
“Blur has no throttling mechanism to prevent this — in fact, since there are no royalties paid, there are no marketplace fees, and there’s no barrier to earning airdrop credits other than the ever-increasing ethereum gas fee. A very hypocritical way to artificially support the sales of the entire NFT market." Hawkins said.
Grayscale CEO: If "GBTC conversion to spot ETF" is approved, it may bring investors "billions of dollars" in returns
Odaily News Grayscale Investments CEO Michael Sonnenshein said in a recent podcast interview that he "can't imagine" why the US Securities and Exchange Commission (SEC) "won't want" to protect Grayscale investors and return real asset value to them.
