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Synthetic Asset Protocol Mirror on Terra Chain Suspected of Suspected Governance Attack

headlines
Synthetic Asset Protocol Mirror on Terra Chain Suspected of Suspected Governance Attack

Twitter user @0xLorenz said that on Christmas Eve, Mirror, the synthetic asset protocol on the Terra chain, suffered serious governance attacks. The attacker initiated Proposition 185 in an attempt to steal $38 million worth of MIR tokens from the protocol. This proposal was disguised as a governance request for in-depth cooperation with Solana in an attempt to defraud the community of consent; in addition, the attackers also initiated more than a dozen false governance proposals similar to No. 185 in an attempt to reduce the attention of Proposal 185 in order to muddle through.

OpenSea official: did not participate in the SOS airdrop

cryptocurrency

OpenSea officially tweeted that we have received many questions and would like to clarify that we did not participate in the SOS airdrop. We love seeing the community find creative ways to move the field forward, but we always recommend that people do research on contracts and provenance before claiming tokens.

cryptocurrency

SOS’s 24-hour trading volume on Uniswap exceeds 293 million US dollars, ranking third

Data shows that among all tokens listed on Uniswap, SOS has a 24-hour trading volume of more than 293 million US dollars, ranking third. In addition, among all Uniswap trading pools, the 24-hour trading volume of the SOS/ETH pool exceeds 222 million US dollars, second only to the USDC/ETH pool.

Shiba Inu Whales Own 26% of Supply, SHIB Net Flows Up 176%

Shiba Inu’s corrective reversal trend has just shown the first signs of deceleration, while the supply of whale-grade addresses has reached $2 billion, accounting for more than a quarter (26%) of the total supply. SHIB's net traffic also decreased, but still maintained a remarkable growth of 176%. (U. Today)

Data: Ethereum bridge TVL hits $25.09 billion

According to data from Dune Analytics, the current TVL of the Ethereum bridge has reached 25.09 billion US dollars. Among them, the five bridges with the highest lockup volume are Ronin Bridge ($6.795 billion), Polygon Bridges ($6.396 billion), Avalanche Bridge ($6.149 billion), Arbitrum Bridges ($2.597 billion), Fantom Anyswap Bridge ($1.402 billion) ).

Total Ethereum L2 Network Lockup Reaches $5.6 Billion

L2BEAT data shows that the total locked volume (TVL) on Ethereum Layer 2 is $5.6 billion. Among them, Arbitrum, the expansion solution with the highest locked amount, has a TVL of about 2.52 billion U.S. dollars, accounting for 44.99%; followed by dYdX, with a TVL of 963 million U.S. dollars, accounting for 17.20%; the third is Loopring, with a TVL of 584 million U.S. dollars, accounting for 44.99%. 10.43%.

Data: Whale addresses trade CRO, UMA, UNI and other altcoins

The total transaction volume of NFT project CrypToadz reaches 180 million US dollars

Blockchain industry

DappRadar data shows that the total transaction volume of the NFT project CrypToadz by GREMPLIN reached 180 million US dollars, the sales volume reached 22,393 transactions, the total number of traders was 7,402, and the average selling price was about 8,010 US dollars. It is reported that CrypToadz is a pixel frog head NFT project.

Blockchain industry
Deputy Director of the High-tech Department of the Ministry of Science and Technology: By 2021, the number of patent applications and authorizations for blockchain technology in my country will account for more than 50% of the world

Mei Jianping, deputy director of the High-tech Department of the Ministry of Science and Technology, recently participated in the meeting and said that my country's blockchain presents a new situation in which technological innovations continue to emerge and industrial applications continue to deepen. As of 2021, my country's blockchain technology patent applications and authorizations will account for more than 50% of the world's total. Despite various unfavorable factors in 2020, the growth rate of my country's blockchain industry has reached 33.7%, continuing to expand at a rate far exceeding the global growth rate.

In order to better promote the promotion of blockchain electronic invoices and effectively prevent risks in tax law enforcement, the Mangshi Taxation Bureau has carried out blockchain electronic invoice verification and verification work, monitoring and early warning of risk points existing in enterprises, and the results are remarkable. In the next step, the Mang City Taxation Bureau will also actively follow the policy trend, give full play to its own advantages and experience, and respond to tax-related risks in a timely manner, so that more people can enjoy the convenient and stable services brought by blockchain electronic invoices.

Investment and Financing

Finance startup Tap Send completes $65 million Series B financing led by Spark Capital

Finance startup Tap Send completes $65 million Series B financing led by Spark Capital

BetaMars completed a $2.5 million seed round of financing, funded by Pluto Capital

On December 26, Pluto Capital, a Singapore-based blockchain venture capital provider, announced that it has completed a $2.5 million seed round investment in BetaMars. The two parties will jointly explore the future world of mankind and expand the Metaverse. BetaMars is a metaverse game with the theme of "Migration to Mars".
It is reported that Pluto Capital has raised $30 million in encryption funds, which will be used for seed funding and incubation of early blockchain projects. The core team members of Pluto Capital come from financial institutions such as Goldman Sachs and Softbank, and have invested in Binance, Bitmain, Polkadot, Bybit, etc. in the early stage. (asiaone)

Port Finance Completes $5.3M Series A Funding Led by Alameda Research

Port Finance Completes $5.3M Series A Funding Led by Alameda Research

global policy

Port Finance, a Solana ecological lending agreement, has completed a US$5.3 million Series A round of financing, led by Alameda Research, with participation from Spartan Capital, Brevan Howard, and a41. According to previous reports, in July this year, Port Finance announced the completion of a seed round of financing of approximately US$1 million, led by Jump Capital, with participation from Rarestone Capital, GSR Markets, Valhalla Capital, and founders from Mercurial Finance, Raydium, Solanium, and DeFi Alliance .

global policy
IMF calls for stronger cross-border supervision, data standardization
The International Monetary Fund (IMF) is still concerned about cryptocurrencies, especially since this market is growing at such a remarkable rate that regulators are not on board. According to data collected by the IMF, in September this year, the total market value of all encrypted currency assets has exceeded 2 trillion US dollars, a 10-fold increase from the beginning of 2020.

One issue the IMF wants to highlight is that many individuals and financial institutions that trade these crypto assets "lack strong operational, governance and risk practices." As a result, consumers are at risk and there is "inadequate disclosure and oversight" in this area. Additionally, it argues that crypto assets create some “data gaps” and “could open unnecessary doors for money laundering and terrorist financing.”

Japan Tax Agency Updates Cryptocurrency Guidelines, Applies to Pledged Lending but Not NFTs

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Japan’s National Tax Agency has updated its cryptocurrency FAQ to address issues including staking and cryptocurrency lending. But the agency made no mention of NFTs or token airdrops, suggesting it does not currently consider NFT transactions or airdrops to be taxable. The agency pointed out that when making tax calculations, it needs to be calculated in the Japanese yen, the legal currency. (CryptoNews)

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Google: Users search for "NFT" more than "encryption"

According to 2021 Google Trends data, users searched for "NFT" more than "crypto" or any specific cryptocurrency. According to statistics, in 2020, NFT sales will reach 340 million U.S. dollars, and this year it has exceeded 10 billion U.S. dollars. (cryptopolitan)