- Connext airdrop has a loophole; Hayes said it has been in a bull market recently (September 6)
Headline
Connext Token NEXT Total Airdrop Exceeds 105 Million
Connext posted on the community forum that after the completion of the community witch exclusion plan, the latest distribution plan for the NEXT token is as follows: the total airdrop scale is 105,631,496.18, the number of airdrop wallets is 57,801; the circulating supply at the time of issuance is 106,841,704.25, and the community distribution is 62,600,196.08.
It is reported that Connext will airdrop NEXT tokens to early users of Polygon, Arbitrum, Optimism, and Gnosis Chain. The application will open from 21:00 on September 5, 2023 to 21:00 on March 6, 2024 Beijing time.
Possible Vulnerability in Connext Airdrop Contract
Some community users have reported a possible vulnerability in the Connext airdrop contract, where "scientists" can exploit the loophole to steal other users' NEXT airdrops (only requiring knowledge of the airdrop eligible account's address details). According to Twitter user 0x Seaside's subsequent analysis: a large number of airdrop claims are not theft, but the "scientists" consolidating addresses, as the contract "allows party B, with airdrop eligibility, to claim on behalf of party A as long as B has signed the authorization with a signature". Currently, there has been no official response on this matter.
Industry News
Fed Governor Waller: Need More Data to Indicate Fed has Finished Raising Interest Rates
The Federal Reserve Board member Waller said that recent data will allow the Fed to proceed cautiously and does not indicate that we need to take any immediate actions; more data is needed to show that the Fed has finished raising interest rates. The Fed will have to maintain rates at a high level until inflation subsides.
Visa will send USDC to selected merchants through Solana in a new pilot program.
Visa announced on Tuesday that it will begin sending USDC to selected merchants through the Solana blockchain in a new pilot program.
Credit card holders can simply swipe or click to purchase goods, and Visa handles the payment process in the background. After the purchase, the cardholder's bank sends the money to Visa's treasury, and Visa extracts the funds from there to send to the merchant's bank.
Tether holds $72.5 billion in US Treasury bonds, ranking as the 22nd largest holder globally
Tether Chief Technology Officer Paolo Ardoino said that Tether currently holds $72.5 billion in US Treasury bonds, surpassing the holdings of countries such as the United Arab Emirates, Mexico, Australia, and Spain, and becoming the 22nd largest holder globally.
Previously, Tether's transparency report showed that it currently holds nearly $3.3 billion in liquidity reserves, distributed across 15 blockchain ecosystems.
Among them, the Solana ecosystem leads in terms of pre-authorized issuance value, currently at $1.57 billion, with Ethereum and Tron ranking second and third with pre-authorized values of $617 million and $353 million, respectively.
Arthur Hayes: Bitcoin has been in a bull market since the takeover of Silicon Valley Bank in March.
BitMEX co-founder and former CEO Arthur Hayes said during the 2023 Korean Blockchain Week that Bitcoin has been in a bull market for the past 6 months or so, but the market has not yet reacted, and he estimates that it will react within 6 to 12 months.
Hayes believes that this bull market for Bitcoin started on March 10, the day Silicon Valley Bank (SVB) was taken over by the Federal Deposit Insurance Corporation (FDIC).
Since then, the price of Bitcoin has been rising, currently up about 26%, which is why he claims the bull market started on that day. (Cointelegraph)
According to sources familiar with the matter, South Korea plans to submit a bill to track and freeze illegal cryptocurrencies and virtual assets in North Korea. The bill was first announced in November 22nd and the latest version includes measures to "track and freeze virtual currencies and other cryptocurrencies stolen by North Korea through hacking methods." According to a report from South Korea's intelligence agency, in 2022 alone, North Korea stole 1.7 trillion Korean won ($1.28 billion) worth of Bitcoin and Ethereum through various hacking groups.
Project News
Synapse Market Maker Partner Nima Capital Suspected to Dump 9 Million SYN Tokens
Community members disclosed that Nima Capital, the first market maker partner and crypto venture capital firm of Synapse, dumped 9 million SYN tokens, causing the token price to plummet today.
In March of this year, Nima Capital was designated as Synapse's first market maker partner. According to the relevant proposal, Nima Capital pledged to provide market making services to Synapse for a period of 12 months with a liquidity scale of up to $40 million. Community members pointed out that there are still 8 months left until the end of the service period committed by Nima Capital, but they have prematurely removed the liquidity.
Nima Capital recently sold an apartment for $80 million or may be selling all of its assets
Nima Capital suddenly sold 9 million SYN tokens today, causing a short-term price crash.
According to real estate media Mansion Global's report last month, a related entity of Nima Capital recently sold a luxury apartment in New York for $80 million.
In response to this, community users including Enigmafund founder EnigmaFunge commented that Nima Capital's financial situation may be problematic, thus it is selling its assets, including cryptocurrencies.
Circle launches native USDC on Base and OP Mainnet
Circle announced that it has launched native USDC on Base and OP Mainnet (Optimism).
Previously, insiders revealed that USDC will be launched on 6 new blockchains, including Polygon PoS, Base, Polkadot, NEAR, Optimism, and Cosmos through the Noble network.
Starknet V0.12.2 has been deployed on the mainnet, including several key upgrades
According to official news, Starknet announced that version V0.12.2 has been deployed on the mainnet. This version includes some key upgrades to improve the network's performance and reliability.
Investment and Financing
Swiss financial technology platform GenTwo completes $15 million Series A financing, led by Point 72 Ventures. GenTwo will use the funds to expand and develop its platform internationally. GenTwo's PRO platform allows investors to securitize any asset or investment strategy in the form of bankable securities and bring them to the market.
In addition, Pete Casella, Senior Partner and Co-Head of Financial Technology Investments at Point 72 Ventures, joins GenTwo's board of directors.
Chat bot service provider Glenen completes oversubscribed financing of $4.9 million, with participation from Slow Ventures, 6th Man Ventures, South Park Commons, Spartan Group, Coinshares, and angel investors including Anatoly Yakovenko, Co-Founder of Solana, Mike Derezin, former Chief Operating Officer of Chainlink, Will Papper, Co-Founder of decentralized investment protocol Syndicate, and ISM Angels. The new financing will be used for construction, sales, and marketing efforts.
