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Odaily News Meme token project PEPE posted on the X platform (formerly Twitter) that a series of surprising transactions occurred in the PEPE multi-signature CEX wallet yesterday. About 16 trillion PEPE tokens in multi-signature wallets were transferred to OKX, Binance, KuCoin and Bybit exchanges, and the multi-signature wallet threshold was changed to 2/8. There are 10 trillion tokens and one signer left in the multisig wallet, which are currently safe.
PEPE officials said that since its inception, PEPE has been plagued by internal strife, with some on the team becoming bad actors due to ego and greed. These individuals had previously hindered the team’s progress in using the multi-signature wallet to donate or purchase tokens due to inability to sign transactions, disagreements, and being unable to be contacted for weeks on end. Now that PEPE is completely free of this baggage, the future is bright.
The real situation of this currency selling incident is that three former team members secretly returned yesterday, logged in and stole 60% of the tokens in the multi-signature wallet, that is, the 16 trillion PEPE, and sent them to the trading platform for sale. They then deleted their multisig permissions in an attempt to avoid being associated with PEPE, and also deleted all of their social accounts, leaving only a message that read MultiSig has been updated and you now have full control.
PEPE officials said it was shocked by what happened and apologized for all the fear and uncertainty and any loss caused by bad actors to community members. Currently, the X platform (formerly Twitter) account is officially controlled by PEPE. The remaining 10 trillion tokens in the multi-signature wallet are safe and cannot be accessed by former team members.
Odaily News PeopleDAO core developer 0x AA posted on the User wallets are at risk of being stolen. It is recommended to take immediate measures to transfer wallet assets and notify users after the official has completely repaired the intrusion.
Earlier, community news showed that many members of the encryption community reported that their private keys had been stolen, and there was speculation that it was due to the use of BitFingerprint browsers.
In this regard, Bitfingerprint Browser officially stated in the community that some versions of WPS For Windows have remote code execution vulnerabilities. Attackers can use this vulnerability to execute arbitrary code on the victims target host, control the host, etc.
Odaily News According to the financial report released by Fenix International Limited, the parent company of social subscription platform OnlyFans, the company had previously used part of its working capital to invest in ETH, with a purchase cost of US$19.889 million. As of November 30, 2022, the ETH purchased by the company suffered an impairment loss of $8.455 million, with a carrying value of $11.434 million.
Industry News
Odaily News In a document submitted to the U.S. District Court for the Southern District of New York on August 25, SBF’s legal team stated that if the plan proposed by prosecutors is followed, SBF will not have sufficient preparation time to review evidence materials before trial.
The U.S. Department of Justice on August 24 provided some 4 million pages of evidentiary material, along with millions of pages of documents and reams of data for the SBF to review ahead of a criminal trial. Lawyers said that no other measure short of temporarily releasing SBF would adequately address these issues and would not protect SBFs right to participate in his own defence. (Cointelegragh)
Odaily News FTX posted on the X platform (formerly Twitter) that in response to the Kroll network security incident, FTX has taken preventive measures and temporarily frozen the affected user accounts in the customer claims portal.
Hashdex applies to hold spot Bitcoin in its Bitcoin futures ETF
Odaily News Bloomberg ETF analyst James Seyffart posted on the X platform (formerly Twitter) that the crypto asset management company Hashdex has applied to hold spot BTC in its Bitcoin futures ETF DEFI and will change its ETF name if approved.
Notably, the filing does not rely on Coinbase’s Surveillance Sharing Agreement (SSA). Hashdex hopes to exchange some futures contracts for equivalent spot BTC through CME Market’s Exchange for Physical (EFP) mechanism, instead of using cash to purchase BTC directly from the exchange.
Odaily news community news shows that many members of the encryption community reported that their private keys were stolen, and some speculated that it was due to the use of Bit fingerprint browsers.
In this regard, Bitfingerprint Browser officially stated in the community that some versions of WPS For Windows have remote code execution vulnerabilities. Attackers can use this vulnerability to execute arbitrary code on the victims target host, control the host, etc.
Affected versions include: WPS Office 2023 personal version is lower than 12.1.0.15120 (inclusive), WPS Office institutional version (such as Professional Edition, Professional Plus Edition) is lower than 11.8.2.12055 (inclusive).
Moreover, this vulnerability is easy to trigger, so you may be attacked by hackers after clicking on an unknown link. Even if the private key does not exist in WPS, you will be attacked if you use other ones. In addition, licensing keys to third parties also carries the risk of being stolen.
Odaily reports that according to Beosin monitoring, Balancer has been subject to multiple flash loan attacks, with a total loss of US$870,000. It is recommended that users follow official prompts to withdraw LP from pools affected by the vulnerability.
Odaily News Scam Sniffer posted a message on the Please be aware of such risks.
Project News
Odaily News Ethereum Foundation engineer Barnabas Busa posted on the X platform (formerly Twitter) that the Holesky public testnet genesis file has been generated recently and merged into the main branch of the Ethereum client Holesky GitHub library.
The Holesky public test network is expected to be launched at 22:00 on September 15, 2023, Beijing time. It will have 1,460,000 verification nodes and is the largest public network to date. The Ethereum Foundation will distribute more than 2 billion hETH during the genesis phase of the Holesky public testnet.
Paradigm launches Rivet, a wallet tool for developers
Odaily News Paradigm launches Rivet, a wallet tool for developers.
Rivet is a browser extension wallet. Similar to wallets for ordinary users, Rivet also supports all basic wallet functions, such as connecting to any Ethereum-based DApp, managing multiple addresses, signing or confirming transactions, and viewing transactions. History etc.
The difference is that Rivet is built specifically for developers, allowing developers to check, debug, modify and operate the status of local Ethereum nodes, thereby improving the front-end development experience of Ethereum and empowering developers.
Chainlink Staking V 0.2 to launch in Q4
According to official news from Odaily, Chainlink Staking V 0.2 is expected to be launched in the fourth quarter of this year, with an initial expansion pool size of 45 million LINK. The V 0.2 Beta upgrade will be launched in three phases: V 0.1 stakers priority migration period, early access period, and public access period.
Chainlink Staking V 0.2 provides greater flexibility for community members and node operators participating in staking while retaining the secure non-custodial design of staking LINK; enhances the security of the oracle service supported by Chainlink staking; modular architecture iteratively supports the future Improvements and additions to Chainlink staking, such as expansion to more services; dynamic reward mechanism.
The Yearn communitys proposal on launching V3 has opened for voting and will end on August 31
Odaily News The Yearn communitys proposal to launch V3 has opened voting and will end on August 31.
Wintermute YFI Loan and CRV Plan related proposals have opened for voting
Odaily reported that according to Yearn official news, the Wintermute YFI Loan and CRV Plan related proposal YIP-74 has opened voting and will end on August 30.
According to the proposal, Wintermute proposes that the community approves a YFI loan to Wintermute Trading and authorizes the transfer of 350 YFI from the Yearn DAO treasury to Wintermute Trading for a period of 12 months with an interest rate of 0.1% and payment in kind at the end of the loan period .
In addition, Wintermute plans to use up to 3 million CRV to purchase yCRV, deploy its assets to the yCRV-CRV Curve pool (lp-yCRV V2), and stake them on Yearn for at least 12 months.
The proposal requires Wintermute Trading to deposit its CRV and/or lp-yCRV into a multi-signature wallet address as collateral for the loan. This revised version of the proposal also adds an option for Wintermute to terminate the loan early and recover its staked tokens after 6 months.
Odaily News dYdX DAO A former DAO member has been accused of abusing his position by providing a $20,000 grant to Cryptohondos in December without disclosing his ownership of the crypto media project. It is reported that he is the former trustee (Trustee) of the dYdX grant plan.
He denied any wrongdoing and said he had nothing to hide about his relationship with Cryptohondos, but resigned as a dYdX grant trustee in mid-August. There were mixed reactions from the community, with some accusing him of betraying the communitys trust, while others believed it was just a small matter and there was no need to overreact.
This controversy also triggered changes to the dYdX DAO grant program and has been incorporated into related proposals. The proposal proposes a six-month extension of the dYdX grant program, starting on September 1, 2023, and ending on March 1, 2024; it also includes the appointment of a new set of Grantors, as well as the appointment of a new Operator.
The dYdX DAO is voting on this, which will end on August 27th, and the support rate currently stands at 100%. (DL News)
Lens Protocol opens invitation-to-friends feature to some users
Odaily News Web3 social protocol Lens Protocol posted on the X platform (formerly Twitter) that some Lens accounts are eligible to use the invite friend function.
Farcaster plans to launch V3 version on August 29
Odaily News Dan Romero, co-founder of the decentralized social protocol Farcaster, announced on X (formerly Twitter) that Farcaster plans to launch the V3 version next Wednesday (August 29).
Doodles x Crocs Limited Edition Crocs Launch August 29th for $120
According to official news from Odaily, the limited edition Crocs jointly launched by Doodles and the casual shoe brand Crocs will be launched on August 29, priced at US$120. Purchasers are entitled to a unique Crocs Box digital collectible, which can be destroyed to unlock two Crocs wearables and a Stoodio Beta Pass for use in Doodles 2.
The pre-sale of this series will be open to OG holders at 00:00 Beijing time on August 29, lasting 24 hours, and the pre-sale price is US$99. The public sale phase will open at 00:00 Beijing time on August 30 and last for 48 hours.
Investment and Financing
Odaily News Solana’s on-chain digital gift NFT project DRiP completed a US$3 million seed round of financing. Placeholder and its partners Chris Burniske, 6th Man Ventures, Anagram and Collab+Currency jointly led the investment, and Boogle Ventures, B+J Capital, Big Brain Holdings, Interlace Ventures, Solana Ventures, ArbVision and others participated in the investment.
global policy
Odaily News The Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan Mo-po, issued a statement saying that Hong Kong is working hard to seize the development opportunities of digital entertainment and Web3.0. The Hong Kong Cyberport has brought together about 170 digital entertainment companies and more than 180 Web3.0-related enterprises. The SAR government will actively lead and drive the development of related industries under the premise of prudence and appropriate supervision.
Chen Maobo said that the application of Web3.0 technology is not limited to digital entertainment or virtual assets. The core blockchain technology of Web3.0, with its characteristics of disintermediation, security, transparency, immutability and low cost, can be applied to many fields such as finance, commerce, trade, supply chain management, and even daily life, solving many problems. Pain points and difficulties in reality.
Character*Voice
Odaily News Two days ago, Tether Chief Technology Officer Paolo Ardoino posted a picture with the words Tether energy and the text said Tether energy production and Bitcoin mining are progressing smoothly. The community questioned the authenticity of the pictures posted by Paolo, saying they were suspected of being synthesized by software.
Paolo Ardoino responded in a post today, saying that the Bitcoin mining farm shown in the picture is real and located in Latin America, but to prevent interruption, it is not convenient to disclose the specific location; the site is progressing smoothly, and team members are working day and night to prepare for the Operations will begin within the next few weeks.
He added that Tether had launched the Tether Energy plan a few months ago and was establishing partnerships with companies around the world to provide support such as funding, infrastructure, development and general expertise to build renewable energy production and Bitcoin Coin mine. Tether believes that Bitcoin mining must be as geographically dispersed as possible, with the goal of reducing the current high concentration in specific countries.
Odaily News dYdX founder Antonio Juliano believes that in the next 5-10 years, in view of issues such as U.S. regulatory policies, early-stage cryptocurrency projects should temporarily give up providing services to U.S. customers and first conduct experiments in markets outside the United States. Then wait until the time is right to return to the US market.
Antonio Juliano said startups can expand faster in markets with more friendly regulations, focus on platform growth and user penetration, and then try to enter the U.S. market at the right time. (Cointelegraph)
Odaily News NFT market Not Larva Labs founder Jeremy Cahen (PAULY) claimed that the multi-signature currency selling truth officially announced by PEPE was a complete lie, and said that he, Matt Furie and the entire community were deceived by the PEPE team.
PAULY said yesterday that the real identity of the founder of PEPE is Zachary Testa, who now lives in Arizona. Zachary is active on social media under the handles z (@degenharambe) and Lord Kek (@LordKekLol). Zachary Testa was born in 1997, graduated from Arizona State University in 2018, and is now a professional photographer.
PAULY accuses Zachary Testa and his team of making huge profits from PEPE (even buying a Lamborghini) without giving anything back to Matt Furie, the creator of the original image of Pepe the Frog. In addition, PAULY said that he helped the PEPE team contact the Binance currency listing team and the SushiSwap team, which enabled PEPE to be listed on Binance. PAULY also mentioned that Zachary Testa also had multiple violations when filming in real life.
PAULY: The PEPE team wallet holds at least $16 million to $17 million in tokens
Odaily News PEPE founder PAULY posted on the X platform (formerly Twitter) that the PEPE official team holds PEPE worth 16 million to 17 million U.S. dollars in at least 9 internal wallets.
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