| BNB Chain Hacked; Unstoppable Domains Integrated Fantom Network (October 8)
headlines
headlines
BNB Chain was attacked by hackers and has now suspended operations. According to official statistics, the actual loss is about 100 million U.S. dollars
According to the analysis of the address on the chain, 0x489a8756c18c0b8b24ec2a2b9ff3d4d447f79bec used the vulnerability to obtain a total of 2 million BNB in two times. Tether has blacklisted this address.
In addition, independent analyst CIA Officer stated that the attack currently includes 1.04 million BNB, venusBNB worth $389 million, and $28 million BUSD, for a total of $718 million.
Industry news
Industry news
India's central bank, the Reserve Bank of India (RBI), has released a 50-page concept note for the introduction of a central bank digital currency (CBDC) in the country. The document was prepared by the RBI's fintech arm, which was created in January 2022 to formulate cryptocurrency regulations and create a central bank digital currency (CBDC).
The Mt. Gox Restoration Program claims system released a new feature that allows creditors to choose a repayment method and register payee information on the online claim filing system, with a deadline of January 10, 2023. (Beincrypto)
security incident
security incident
BNB Chain will conduct a governance vote to determine whether to freeze stolen funds and other four actions
BNB Chain officially stated that it will conduct an on-chain governance vote to determine the following four actions:
1. Whether to freeze the stolen funds;
2. Whether to use BNB Auto-Burn to cover the remaining stolen funds;
The BSC validator voting function will be enabled through the BNB beacon chain upgrade in the next few days. A new on-chain governance mechanism will be introduced on the BNB Chain to combat and defend against possible future attacks. In the process of further decentralization, the number of community validators will continue to increase.
Project News
Project News
Web3 social protocol Orbis announced that SDK and Web App have supported Solana chain
In October, Orbis will further support the Solana ecosystem, such as adding NFT and Bonfida's .sol username.
Lido Announces Support for Optimism and Arbitrum
Lido Announces Support for Optimism and Arbitrum
Lido, the liquidity staking protocol, announced that it has supported Optimism and Arbitrum, the Ethereum two-layer network. In the first phase, wstETH will be directly bridged to Arbitrum One and Optimism. From October 7th, Lido distributes 150,000 LDO tokens as a monthly reward for each network's wstETH.
Yearn announces the launch of Yearn vaults at Optimism
Lido, the liquidity staking protocol, announced that it has supported Optimism and Arbitrum, the Ethereum two-layer network. In the first phase, wstETH will be directly bridged to Arbitrum One and Optimism. From October 7th, Lido distributes 150,000 LDO tokens as a monthly reward for each network's wstETH.
Yearn announces the launch of Yearn vaults at Optimism
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Investment and Financing
Mining firm Argo Blockchain raises $27M in share offering to ease liquidity pressure
Investment and Financing
Mining firm Argo Blockchain raises $27M in share offering to ease liquidity pressure
Bitcoin miner Argo Blockchain has raised $27 million in an offering of 87 million shares to ease liquidity pressures. Argo’s profitability has been hit by a combination of rising energy prices and falling bitcoin prices, leading to a cash crunch, the company’s chief executive Peter Wall said. The company also raised $7 million through the sale of 3,400 Antminer S19s. (CoinDesk)
Encrypted venture capital firm North Island Ventures is investing in the Cosmos ecosystem
Encrypted venture capital firm North Island Ventures is investing heavily in the Cosmos infrastructure service platform to make the platform more interoperable, decentralized and secure. Strategies include purchasing Cosmos native tokens and investing in projects developed within the Cosmos ecosystem. (The Block)
Berkwood Capital, a venture capital firm focused on investing in the Web3 field, announced the completion of a $30 million fundraising. The investors are mainly from the Asian market, aiming to promote further investment in Web3 startups and enterprises.
Collectibles trading and storage platform MynaSwap has completed a $6 million seed round of financing at a valuation of $50 million. Avalanche ecological fund Blizzard Fund, Spartan Capital, Wave Financial, NFL stars Odell Beckham Jr. and Kyler Murray participated in the investment.
MynaSwap is a Web3 project by the team behind the Coolkicks sneaker chain. The Coolkicks brand is best known for its flagship store on Melrose Avenue in Los Angeles, which has attracted celebrities including NBA player Ja Morant, NFL quarterback Drew Brees and entrepreneur Gary Vee. (The Block)
Digital Asset Management Firm Xalts Completes $6 Million Seed Round Led by Citi Ventures and Accel
It is reported that Xalts is working with ecosystem participants to develop several products, including a structured product and repackaging platform, which will allow institutions to issue structured notes with embedded encryption options, aiming to encapsulate digital assets into suitable institutional investment investor's investment products. (The Block)
It is reported that Xalts is working with ecosystem participants to develop several products, including a structured product and repackaging platform, which will allow institutions to issue structured notes with embedded encryption options, aiming to encapsulate digital assets into suitable institutional investment investor's investment products. (The Block)
global policy
global policy
Central Bank of Namibia: Bitcoin can be accepted as a payment method, and is considering amending applicable laws and regulations
Notably, the central bank said it was considering "working to amend applicable laws and regulations in consultation with other relevant authorities." Previously, the central bank stated that it does not recognize, support and advise the public to own, utilize and trade cryptocurrencies, while also warning Namibians that there would be no legal recourse if they lost their money. (Finbold)
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U.S. CFTC commissioner: Congress needs to formulate clear regulatory rules for DAO
U.S. Commodity Futures Trading Commission (CFTC) Commissioner Summer K. Mersinger said on Thursday that CFTC’s enforcement regulation should change, and Congress needs to formulate clear rules for DAO.
