Star Project Weekly | The bankruptcy of Silicon Valley Bank caused USDC, DAI, and FRAX to be unanchored; Scroll raised $50 million (3.6-3.12)
During the week from March 6th to March 12th, the developments worthy of attention are as follows:Silicon Valley Bank collapses and is taken over by the FDIC；Circle's $3.3 billion USDC reserves are stored in Silicon Valley Bank, which has caused a sharp de-anchoring of USDC；A new version of the Fantom mainnet has been released, and the block processing time has been shortened by about 30%；Taiko, the second layer network of Ethereum, announced its roadmap and plans to launch the main network early next year；Ethereum expansion project Scroll raises $50 million in financing, Sequoia China, Polychain Capital and others participate；EigenLayer developer Layr Labs is raising $64 million；Gitcoin Partners with Index Coop to Launch gtcETH；Uniswap V3 core code copyright commercial protection will expire on April 1；Maker has voted through an urgent proposal to change parameters related to assets such as USDC；Yuga Labs Bitcoin NFT Series TwelveFold Auction Ends, Highest Bid Over 7 BTC。
Bottom-Layer 1
Bottom-Layer 1
According to official news from Odaily, the Fantom Foundation announced the release of a new version of the Fantom main network (go-opera version 1.1.2-rc.5). The upgrade includes: P2P and event/block processing have been significantly improved, making event/block ~30% faster chunk processing time; up to 3x faster Genesis file processing (except archived Genesis files); 5x faster search logs, each search log should take 1/5 of the time it used to.
In addition, the new version has made some adjustments to the database layer, which can integrate multiple data storage types (LevelDB and PebbleDB), and also supports database batch processing for creation processing and desynchronization data refresh; also includes security for Opera nodes Improvements, such as stricter conditions for starting LLR and txpool sync, restricting P2P connections to a given IP. The upgrade also disables account unlocking when external RPC is enabled. The new version also uses additional caching to improve performance and improve block processing metrics.
Cardano Launches EVM Compatible Sidechain Toolkit
Bottom layer-Layer 2
Bottom layer-Layer 2
Optimism: RetroPGF 2nd Round of Voting Begins, Funded with 10 Million OP Tokens
Odaily News Optimism tweeted that the second round of retrospective public product fundraising (RetroPGF 2 ) voting has begun. RetroPGF 2 will allocate 10 million OP tokens to fund public goods that support the development and use of the OP Stack open source code base. Projects that have been nominated will fall into three categories, including Infrastructure, Tools and Utilities, and Transactions.
In addition, Optimism launched the RetroPGF 2 Discovery page, allowing users to learn more about the projects nominated for this round. Retroactive public goods funding is key to the development of the Optimism ecosystem and super chains, building Optimism into a global infrastructure by investing in public goods that can power the community. A second round of voting will take place over the next two weeks with 71 community badge holders. The list of funded projects will be announced after voting closes at the end of March.
Odaily News Taiko, the zkRollup-based Ethereum second-tier network, announced its roadmap, planning to launch more Alpha testnets in the second and third quarters, and the Alpha-2 testnet is expected to be launched in March. The Beta test network will be launched in the third and fourth quarters, and the main network will be launched in early 2024.
Odaily news Ethereum expansion project Scroll announced the completion of a new round of financing of 50 million US dollars, Polychain Capital, Sequoia China (Sequoia China), Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures, Qiming Venture Partners, OKX Ventures participated in the round. The round brings Scroll’s total funding to $83 million.
Scroll declined to comment on the valuation and structure of the round, but a source said the round values Scroll at $1.8 billion. Scroll had previously raised $33 million over two funding rounds at an undisclosed valuation at the time.
Scroll plans to use the new funding to continue building out its product, launching the mainnet, and expanding the ecosystem. Additionally, Scroll plans to grow its current team size from about 60 people to nearly 100. (The Block)
Shiba Inu Layer 2 Solution Shibarium Early Beta Public Beta Released Live
Shytoshi Kusama, the chief developer of SHIB from Odaily, posted that the Layer 2 blockchain solution Shibarium's Early Public Beta (Early Public Beta) PUPPYNET has been launched.
According to the article, Shibarium is a Layer 2 blockchain that allows anyone to build DApps, integrate them into real-life businesses and provide support for projects. The network has low transaction costs, burns SHIB in the process, and will adjust as beta testing continues over the next few months. The destruction of SHIB will depend on the transactions in the network, and the official will provide a SHIB destruction chart on the destruction portal. This is part of the Shibarium network testing.
The article reminds that the current products on Shibarium are only for testing purposes, and "all tokens on PUPPYNET are not real." In addition, Shibarium's official RPC website has been released. For potential validators, the official will release relevant documents next week so that they can set up test nodes.
The article also released screenshots of the Shib the Metaverse booth at the SXSW Film Festival, where the MV team has set up an Early Alpha experience at WAGMI TEMPLE for media and community viewing.
Rollup Framework Products Rollkit Integration Bitcoin Sovereign Rollup Data Availability Layer
Odaily News Modular Blockchain Celestia's modular Rollup framework product Rollkit (formerly known as Rollmint) announced support for Bitcoin Sovereign Rollup, allowing Rollkit Rollup to use Bitcoin's data availability. Developers can create Rollups with arbitrary execution environments, inheriting the data availability guarantees and security guarantees of Bitcoin.
infrastructure components
infrastructure components
EigenLayer developer Layr Labs is raising $64 million
According to the US SEC official website announcement, Layr Labs, the developer of the Ethereum re-pledging protocol EigenLayer, is about to complete a new round of financing of US$64 million, and has raised nearly US$56 million so far.
Lido Community Launches New Proposal to Stop Liquid Staking on Polkadot and Kusama
Odaily News The Lido Finance community launched a new proposal to stop the liquidity staking service on Polkadot and Kusama.
Lido partner MixBytes stated in the proposal that starting from August 1, 2023, it will stop developing and providing technical support for Lido on the Polkadot and Kusama liquidity staking agreements, saying that “this decision was made due to the multiple challenges , including market conditions, protocol growth, etc.”
MixBytes proposes to stop accepting new DOT and KSM for liquidity staking by March 15, and to automatically unstake tokens later in June. MixBytes also said it is seeking $20,000 a month from Lido DAO to support technical maintenance for five months.
Rocket Pool: Atlas upgrade planned for early April
Odaily News The decentralized pledge protocol Rocket Pool announced that it will perform an Atlas upgrade in early April, making the protocol compatible with Ethereum's Shanghai upgrade, which will allow validators to start withdrawing their pledged ETH on the beacon chain and expand the protocol To meet higher demand and maintain decentralization. The main functions after the upgrade include Solo Staker migration, optimization of Minipool queue ETH, dynamic deposit pool limit, etc. Other functions include optimization of Minipool’s gas efficiency, and the reward system automatically tracks the effective RPL rights of each node operator.
It is reported that Atlas is the second major upgrade of Rocket Pool since its launch on the mainnet, and has been audited by Sigma Prime and ConsenSys Diligence. Rocket Pool is deploying a beta version on the Zhejiang testnet, with the goal of releasing Atlas to the Ethereum mainnet by the end of March or early April.
Gitcoin Partners with Index Coop to Launch gtcETH to Fund Gitcoin Grants with ETH Staking Rewards
Odaily News Gitcoin issued an article to announce the detailed information of Gitcoin Staked ETH Index (gtcETH). gtcETH will be created by Gitcoin in partnership with the Index Coop community as a separate token that will fund Gitcoin Grants through ETH staking rewards. The token will be built on the Index Protocol and include Rocket Pool, Lido, and StakeWise liquidity collateral tokens.
gtcETH will enable token holders to access top ETH liquid collateralized tokens through a single token, while contributing to the financing of public goods.
Odaily News According to official news, the cross-chain bridge Wormhole announced that it has reached a cooperation with the stable currency USDC issuer Circle, and will launch a set of new contracts integrating Circle's Cross-Chain Transfer Protocol (CCTP), enabling developers to transfer on top of the cross-chain native USDC Write a general message. Currently, the integration is live on the testnet.
Wormhole's integration with CCTP enables more powerful cross-chain applications, as well as the benefits of burning and minting native USDC on supported chains. Universal messaging supported by Wormhole allows developers to compose any set of cross-chain functions using native USDC transports.
It is reported that developers can build cross-chain native Swap, cross-chain USDC transfer, lending agreement, DEX, revenue aggregator, etc. on this contract. Users can enjoy slippage-free transactions, and can transmit messages without paying gas fees on the target chain.
Blockchain analysis platform Dune clarifies: no plans to issue tokens and airdrops
secondary title
CeFi
Silicon Valley Bank collapses and is taken over by the FDIC
Odaily News According to official news, the Federal Deposit Insurance Corporation (FDIC) stated that Silicon Valley Bank has been closed by the California Bureau of Financial Protection and Innovation. The agency appointed the FDIC as receiver. To protect insured depositors, the FDIC created the Santa Clara Deposit Insurance National Bank (DINB). When Silicon Valley Bank closed, the FDIC as recipient immediately transferred all insured deposits at the bank to DINB.
All insured depositors will have until the morning of Monday, March 13, 2023 to fully access their insured deposits. The FDIC will pay prepaid dividends to uninsured savers next week. Uninsured depositors will receive a certificate of receivership for the remaining amount of their uninsured funds. With the FDIC selling off Silicon Valley Bank's assets, future dividend payments to uninsured savers are likely.
Silicon Valley Bank has 17 branches in California and Massachusetts. Silicon Valley Bank headquarters and all branches will reopen on Monday, March 13, 2023. DINB will maintain Silicon Valley Bank normal business hours. Banking operations will resume no later than Monday, March 13, including online banking and other services. Official checks from Silicon Valley Bank will continue to be cashed. Under the Federal Deposit Insurance Act, the FDIC can create DINBs to ensure customers continue to have access to their insured funds.
As of December 31, 2022, Silicon Valley Bank had approximately $209 billion in total assets and approximately $175.4 billion in total deposits. As of settlement, the amount of deposits in excess of the insurance limit has not been determined. Once the FDIC has more information from the bank and the customer, it will determine the amount of the unsecured deposit.
The FDIC, as receiver, will retain all of Silicon Valley Bank's assets for future disposition. Loan customers should continue to make their repayments as usual.
Silicon Valley Bank is the first FDIC-insured institution to go bankrupt this year. The last FDIC-insured institution to close was Almena State Bank of Kansas on October 23, 2020.
Odaily News Circle tweeted that $3.3 billion of the approximately $40 billion in USDC reserves is deposited in Silicon Valley Bank. Circle said it had called on Silicon Valley Bank, which is important to the U.S. economy, to remain open and would follow guidance provided by state and federal regulators.
Affected by this, USDC and DAI and FRAX, which use USDC as the main collateral assets, all experienced a sharp unanchor, falling below $0.9 at one point.
Odaily News Circle announced that although USDC can be used on the chain around the clock, the issuance and redemption are limited by the working hours of the US banking system. USDC liquidity operations will return to normal next Monday morning when major U.S. banks go to work. The team is well prepared to handle a high volume of transactions. As a regulated payment token, USDC is still convertible 1:1 with the U.S. dollar.
The current USDC reserves include 77% short-term U.S. Treasury bonds ($32.4 billion) and 23% cash ($9.7 billion). Cash reserves are deposited in various institutions, Silicon Valley Bank (SVB) is just one of them. Short-term treasury reserves are held by BNY Mellon, and active liquidity and asset management is managed by BlackRock.
USDC’s $3.3 billion cash reserves are still held by Silicon Valley Bank. As of Thursday, Circle had attempted to transfer the funds to other banking partners. While the transfers had not settled as of the close of banking business on Friday, Circle said it remained confident in the FDIC's administration of SVB and stood ready to receive the funds.
Circle understands that the FDIC is currently determining the status of transactions initiated before the applicable receivership deadline, and that transfers initiated on Thursday may be processed the following Monday. However, it is also possible that SVB will not be able to return 100% of the funds, and any payment may take some time as the FDIC issues IOUs (i.e. certificates of receivership) and dividend advances to depositors. So in this case, Circle will support USDC as legally required by U.S. stored value currency transmission regulations and will use company resources to bridge any shortfall, involving outside capital if necessary.
Odaily News The crypto-friendly bank Silvergate Bank will gradually wind down operations in an orderly manner in accordance with applicable regulatory procedures and enter into voluntary liquidation, including full repayment of all deposits. Silvergate is also considering how best to resolve the claim and protect the residual value of its assets, including its know-how and tax assets.
Centerview Partners LLC served as financial advisor, Cravath, Swaine & Moore LLP served as legal advisor, and Strategic Risk Associates assisted in transition project management during this process.
In addition to Silvergate Bank's decision to discontinue the Silvergate Exchange Network (SEN), all other deposit-related services remain operational while the company is being wound up. (Business Wire)
Mt. Gox extends claim filing deadline to April 6
According to official news from Odaily, with the court’s consent, the deadline for registration of Mt.Gox claims has been changed from March 10, 2023 to April 6; the deadline for repayment has been postponed from September 30, 2023 to October 31.
In addition, it said that unless there are unavoidable reasons, further extension of the deadline will be difficult. Currently, the remaining amount of Mt.Gox to be paid is approximately 142,000 BTC, 143,000 BCH and 69 billion yen.
FTX sells its Sequoia LP stake to Abu Dhabi investment arm for $45m
Alameda Research has reached a $45 million cash deal to sell its LP stake in Sequoia Capital to the Abu Dhabi investment arm of the Sovereign Wealth Fund, according to court documents. In the deal, which is subject to approval by a Delaware bankruptcy judge, FTX is attempting to sell some of its investments in early-stage cryptocurrency and tech businesses to repay creditors.
The deal could be finalized as early as March 31, but the FTX deal will be subject to intense judicial scrutiny.
The potential buyer, Al Nawwar Investments RSC Limited, is ultimately owned by the Abu Dhabi government and has invested in Sequoia Capital, the filing said.
Alameda sues Grayscale for redemption of trust shares and lower management fees
Odaily News FTX affiliate Alameda Research has filed a lawsuit against encrypted asset management company Grayscale Investments to seek injunctive relief. The lawsuit, filed in Delaware Chancery Court, asserts claims against Grayscale CEO Michael Sonnenshein and Grayscale parent company DCG and its CEO Barry Silbert.
In the past two years alone, Grayscale has breached trust agreements and charged more than $1.3 billion in “exorbitant management fees” from the Grayscale Bitcoin and Ethereum trusts it manages, Alameda said in the lawsuit. In addition, the company used "fabricated excuses" to prevent holders from redeeming their shares, resulting in the trust's shares trading at about 50% less than their net asset value. If Grayscale lowers management fees and allows redemptions, the FTX debtor's share would be worth at least $550 million, roughly 90% more than its current value. (CoinDesk)
Odaily News U.S. bankruptcy judge Michael Wiles approved Voyager Digital’s restructuring plan at a hearing in New York on Tuesday, selling its assets and transferring its customers to Binance.US.
The deal also faces additional scrutiny from the Committee on Foreign Investment in the United States (CFIUS), which is investigating national security risks associated with foreign investment in Voyager. (Reuters)
Binance’s USDC automatic conversion to BUSD function has been temporarily disabled
Odaily News Binance platform shows that the USDC automatic conversion to BUSD function has been temporarily closed.
According to the asset certificate of the Binance platform, the USDC asset volume of the Binance platform exceeds 3.5 billion US dollars.
Kraken Chief Legal Officer: Kraken Bank Coming Soon
Odaily News Kraken is moving ahead with plans to launch its own bank despite a challenging regulatory environment. Kraken Chief Legal Officer Marco Santori revealed on The Scoop podcast: “Kraken Bank will be launched soon.”
Santori declined to discuss in detail the previous settlement with the SEC, but said staking represents only a small portion of Kraken’s revenue. He added that Kraken neither admitted nor denied any of the allegations in the complaint, but that Kraken's banking relationships were secure.
BlockFi Holds $227M Uninsured in Silicon Valley Bank
Odaily NewsA bankruptcy document shows that the encrypted lending platform BlockFi holds $227 million in uninsured funds in Silicon Valley Bank and may violate US bankruptcy law.
The U.S. trustee overseeing BlockFi’s bankruptcy said that because the aforementioned $227 million was in a money market fund, it was not insured by the FDIC.
Earlier this year, U.S. Trustees alerted BlockFi of possible compliance issues. BlockFi said it would provide a certificate of compliance, but as of this Friday, when the FDIC took over Silicon Valley Bank, BlockFi still has not provided a certificate. BlockFi filed for Chapter 11 bankruptcy protection last November, and its creditors include FTX US and the US SEC. (The Block)
PayPal Finance plans to restructure debt of more than $700 million
Odaily News According to Bloomberg News citing court documents, Babel Finance (Babel Finance) is in communication with creditors and plans to restructure the debt of 766 million U.S. dollars. Meanwhile, returning co-founder Yang Zhou is planning to file a moratorium on protection at the Singapore High Court, pushing creditors to take no further action against the company for six months while it seeks approval for a restructuring.
In addition, after exiting the company in 2021, Yang has been working with several former employees in Hong Kong on a DeFi project called “Hope,” according to people familiar with the matter. Hope’s eponymous stablecoin will initially use Bitcoin and Ethereum as collateral, And keep its price anchored at $1 by incentivizing traders to arbitrage.
Odaily News DeFi researcher @DefiIgnas stated that OPNX, an encrypted debt trading market founded by Three Arrows Capital founders Zhu Su and Kyle Davies, has completed a financing transaction, but did not disclose the investor. @DefiIgnas previously stated that OPNX is raising $25 million. Zhu Su retweeted the tweet.
secondary title
DeFi
Uniswap V3 core code copyright commercial protection will expire on April 1
Odaily news Uniswap V3 has applied for a period of 2 years of copyright commercial protection for its core code before it goes online on the Ethereum mainnet in May 2021. This protection limits the improper commercial use of the Uniswap V3 core code within two years. 1st officially ends.
Previously, Uniswap stated that its copyright protection restrictions can be changed through protocol governance, and it can be transferred from Business Source License copyright protection to GPL agreement in advance through governance.
Odaily News According to official news, Maker Governance has voted through a series of emergency proposals for parameter changes initiated yesterday. The submitted parameter changes are planned to be deployed within 48 hours, that is, UTC time on March 13 at 16:14.
It is reported that the proposal proposes to change USDC-related asset risk and governance parameters, and use USDC-related LPs such as UNI V2 USDCETH-A, UNI V2 DAIUSDC-A, GUNI V3 DAIUSDC 1-A, and GUNI V3 DAIUSDC 2-A as collateral for the debt ceiling down to 0. The proposal also requires changing some parameters of PSM-USDC-A, PSM-GUSD-A and other anchoring stability modules to mitigate protocol risks.
The proposed changes are intended to limit Maker's exposure to potentially compromised stablecoins and other risky collateral, while maintaining sufficient liquidity to prevent DAI from trading significantly above $1 if conditions change, and to ensure that there is an adequate market Liquidity to handle potential liquidations of crypto collateral pools.
MakerDAO community proposes expanding U.S. Treasury investment from $500 million to $1.25 billion
Odaily News MakerDAO is reviewing a proposal to expand its existing U.S. Treasury investment from $500 million to $1.25 billion.
Aave Asset Recovery Process Has Begun to Recover Lost Tokens for Its Users
Odaily News It is reported that the first phase of the asset recovery process of the DeFi lending agreement Aave has started, and will recover lost tokens for its users.
The first phase will focus on tokens that were previously incorrectly sent to the AAVE, LEND, and staked AAVE token smart contracts. These include tokens like AAVE, LEND, and stkAAVE, as well as UNI and USDT.
According to data provided by Aave developer Bored Ghosts Development Lab, the recovery tokens are worth approximately $2.18 million. Recovered LEND tokens will be converted to AAVE at a ratio of 100:1.
Also, asset recovery only includes tokens worth at least $500. Recovered tokens will be sent to the distributor smart contract. Users will then be able to retrieve lost tokens from the contract. To do this, they will have to use the same wallet address they were using when they were originally lost.
The ARFC proposal of the Aave community on the "BUSD delisting plan" has been voted through
Odaily News The decentralized lending agreement Aave community's ARFC proposal on the "BUSD delisting plan" has been voted through, with a support rate of 99.99%.
It is reported that the ARFC proposal outlines the final delisting plan of BUSD on the Aave V2 Ethereum market, which aims to reduce the liquidity of BUSD and encourage users to switch to other stablecoins. The plan involves modifying BUSD risk parameters and will be executed in a single AIP. Additionally, in the disclaimer, the proposal states that Aave-Chan Initiative founder Marc Zeller does not hold any BUSD.
Compound III has been deployed to Polygon, users can use WETH etc. as collateral to borrow USDC
Odaily News Compound Governance tweeted that Compound III has been deployed to Polygon. Users can now borrow USDC using WETH, WBTC, and MATIC as collateral.
Alpha Homora: Community to Vote on Absorbing Over $30M in Bad Debt with Iron Bank
Odaily News Alpha Homora has released the fourth open letter to the community to resolve the cross-protocol bad debt problem between it and Iron Bank. In the letter, Alpha Homora proposed the following solution:
1. Iron Bank will stop calculating interest immediately;
2. Iron Bank needs to return part of Alpha Homora user deposits ($8686364.33) exceeding the total debt ($30689988.09) to Alpha Homora users;
3. Iron Bank needs to return the 63 million ALPHA collateral provided by Alpha Homora;
4. Alpha Homora will work with its community users to settle the bad debt amount. If the first 3 steps can be successfully implemented, Alpha Homora will propose some possible recovery options.
Alpha Homora pointed out that the above plan means that the bad debt between Alpha Homora and Iron Bank will be transferred between Alpha Homora and its users. In the next 48 hours, Alpha Homora will launch a vote to allow the community to decide whether to implement the plan.
DeFi composable leverage agreement Gearbox Protocol will launch Gearbox V3 in Q2
According to official news, Gearbox Protocol, a DeFi composable leverage agreement, announced on Twitter that Gearbox V3 will be launched in the second quarter of 2023.
According to news in August 2022, Gearbox Protocol completed a $4.15 million DAO strategic financing, with participation from Placeholder, Zee Prime, LedgerPrime, Polymorphic, and GCR.
According to official news, the Solana lending agreement Solend V2 white paper aims to reduce risks and improve decentralization. Solend V2 will be released in the next few months.
According to the white paper, Solend V2 will include: protected collateral, TWAP oracle, borrowing ratio, outflow rate limit, mortgage limit, isolation layer assets, dynamic liquidation bonus, trilinear interest rate model, risk authority, on-chain metadata, Abandon asset processing, permissionless liquidity mining on the chain, account entrustment, Loss Socializing, etc.
Currently, Solend V2 is under design, and some functions may be added or modified as the design is finalized.
Nexus Mutual Has Paid $5M In FTX, BlockFi Bankruptcy, Expects $2M More
Odaily News Nexus Mutual, the largest DeFi insurance provider, has paid about $5 million in claims due to the bankruptcy of FTX and BlockFi, and expects to pay another $2 million. Nexus Mutual is a membership-based service that accounts for approximately 70% of funds locked in crypto-native insurance protocols.
Hugh Karp, founder of Nexus Mutual, said of the risk profile of centralized cryptocurrency lenders and custodians: “We kind of underestimated the correlation between them. They all went down at the same time, and they were not related to each other. Must be independent."
Tornado Cash Fork Primacy Pools v 0 is Now Live Optimism
Odaily News According to Ameen Soleimani, an early contributor to Tornado Cash, tweeted that Primacy Pools v 0, the Tornado Cash fork mixing application, has now launched Optimism, and said that this is an experimental code that has not been audited, and it is untrusted in trusted settings . MolochDAO is planning to provide follow-on funding for future development.
NFT
PROOF: Confirmed to hold cash at Silicon Valley Bank, but has diversified assets
Odaily News PROOF, the parent company of the NFT project Moonbirds, issued a statement on Silicon Valley Bank, which stated that it has seen news about the collapse of Silicon Valley Bank. Whether in good times or bad times, the most important thing is to actively and transparently communicate with the community. In the spirit of transparency In the same spirit, PROOF confirmed that it holds cash in Silicon Valley Bank, but fortunately, PROOF has diversified assets, including ETH, stable coins and fiat currencies-so there is no problem financially and operationally.
PROOF is currently actively working on this matter, as well as users affected by the closure of Silicon Valley Bank, but assures users: Although the news of Silicon Valley Bank is bad, it will not affect user wallets or PROOF's roadmap, and this situation will not Changes to plans or commitments shared with the community last week, users will continue to have access to new products as expected. PROOF will continue to work on being transparent with users as the situation develops.
Yuga Labs Bitcoin NFT Series TwelveFold Auction Ends, Highest Bid Over 7 BTC
Odaily News Yuga Labs tweeted that the Bitcoin NFT series TwelveFold auction has ended, the top 288 bidders will receive the inscription within a week, and the remaining bids will receive refunds within 24 hours, with the highest bid being 7.1159 BTC.
social contact
social contact
game
game
Odaily News Dune Analytics data shows that since January 2022, the market's new demand for STEPN sneakers has continued to decline. In February, the number of STEPN monthly active users has dropped to 42,965, compared with 705,452 in May 2022. The peak has shrunk by nearly 94%.
security incident
security incident
Hedera: The core team is actively investigating discovered smart contract anomalies
Odaily News Hedera officially tweeted that the core team is actively investigating the discovered smart contract anomalies. The team is working with DeFi teams within the ecosystem to determine the cause and potential impact.
Earlier news, SaucerSwap, a DeFi project on Hedera, tweeted that a continuous vulnerability has attacked the Hedera network, and the target of this vulnerability is the decompilation process in the smart contract. Attackers have compromised Pangolin and HeliSwap pools containing wrapped assets. Not sure if other HTS tokens are also at risk. There have been no reports of SaucerSwap user funds being stolen, but everyone is encouraged to withdraw their liquid funds immediately as a precaution.
PeopleDAO community treasury multi-sig wallet hacked, 76 ETH lost
Odaily News PeopleDAO tweeted that its community Treasury multi-signature wallet on the digital asset management platform Safe (formerly Gnosis Safe) was hacked to steal 76 ETH ( about $120,000). This event has nothing to do with the PEOPLE token contract.
PeopleDAO collects monthly contributor reward information via a Google Form, and the head of accounting mistakenly shared a link with edit access in a public Discord channel. After gaining editing access through the link, the hacker inserted a payment of 76 ETH to his address in the form and set it to be invisible. Due to the malicious concealment, the team leader did not find it during the review. After downloading the csv file with insertef data, he submitted it to Safe's CSV Airdrop tool for reward distribution. Since there were 80 transfers in the transaction, 6 of the 9 multi-signature accounts did not notice the malicious transfer, and after the transaction was signed and executed, 76 ETH were transferred to the hacker's address.
Odaily news The lending agreement Tender.fi is suspected of being attacked. Its official team stated on Twitter that it is currently investigating the abnormal amount of lending on the agreement, during which all lending activities have been suspended.
According to the analysis of 0x Scope researcher Cobie, this incident was caused by white hat hackers. His message said that Tender.fi’s oracle machine configuration was wrong, and he tried to get in touch with Tender.fi. At present, it is initially estimated that 1.6 million US dollars of funds have been affected .
According to Odaily’s Paidun monitoring, the SUCKR project on the Aptos chain is suspected to be a rug pull, and the account address is 0x 7600 ee 2b 357 ff 993 bd 00 a 303 a 00 f 57 a 4 c 3d b 44263 a 1 e 8 be 7862 ef 1266 bcecff 3 Call the mint_SUCKR (admin privilege function) function to mint a large number of SUCKR tokens and exchange them for USDT, causing the price of SUCKR tokens to plummet by 99.99% within 24 hours.
