- Source: SEC still needs time to review documents and is unlikely to make an ETF-related decision at the beginning of this week; Orbit Chain cross-chain bridge is suspected of being hacked, resulting in a loss of approximately US$81.5 million; TRB plumme
headlines
Fox Business reporter Eleanor Terrett said on the A decision on ETFs could come early this week.
The Orbit Chain cross-chain bridge was suspected of being hacked, resulting in a loss of $81.5 million in cryptocurrency and stablecoins. The exact nature of the hack is unclear.
It is reported that in five separate transactions, each sent to a new wallet, Orbit Bridge sent $50 million in stablecoins (30 million Tether, 10 million DAI, and 10 million USDC), 231 wBTC (approximately 1,000 million USD) and 9,500 ETH (approximately USD 21.5 million).
The OKX market of Ouyi shows that TRB has made a sharp correction in the short term, and there is a huge price difference between spot and futures contract prices. The spot price is now 387.24 USDT, and the perpetual contract is now at 252.63 USDT.
Industry news
The total market value of cryptocurrencies reaches US$1.8 trillion, and BTC’s market share is 48.3%
CoinGecko data shows that the total market value of cryptocurrencies reaches US$1.8 trillion, with a 24 H increase of 4%. In addition, BTC’s market share increased to 48.3%, and ETH’s market share was 15.8%.
Project News
Synthetix founder: SNX stakers lost approximately $2 million due to TRB abnormal volatility event
Synthetix founder kain.eth stated on the X platform that SNX stakers lost approximately $2 million due to today’s TRB abnormal fluctuation event.
kain.eth explained that TRB originally had an open interest limit of $250,000 on Synthetix, but as its price rose over the past few months, this cap ballooned to $12.5 million, and it should have been lowered , but risk control is not strict. As TRB prices surged today, several short positions were opened, but as spot and contract prices misaligned, the arbitrage balance failed, a lesson learned for Synthetix.
Solana Mobile: More than 95% of Saga phones have been delivered
Solana Mobile disclosed the latest data and said that the past few weeks have been very special for Solana Mobile. So far, more than 95% of the Saga mobile phones have been delivered, and the remaining mobile phones that need to be delivered will be shipped within this week.
Sushi looks back at 2023: $51 billion in total transactions
Multi-chain DEX Sushi released its 2023 summary report, with total transaction volume reaching $51 billion.
Sushi has been deployed to more than 30 networks, with new support for Core, Linea, Aptos, Haqq, Base, and Filecoin in 2023.
In 2023, Sushi has the highest usage rate on 3 networks, and the top three transaction volumes are Ethereum mainnet, Polygon, and Arbitrum. In the Sushi V3 version, the transaction volume on the Base network is the highest.
In addition, the cross-chain solution SushiXSwap has been expanded to more networks, supporting Ethereum, Arbitrum, Optimism, Polygon, Base, Avalanche, BNB Chain.
Injective: Volan upgrade has been run on the testnet, and the mainnet upgrade is about to happen
Injective announced on the X platform that the Volan upgrade has now been successfully run on the Injective testnet and will be upgraded on the mainnet soon. According to the official introduction, the Volan upgrade will introduce the following features to Injective:
- Sub-second block time: enables fast transactions and reduces the risk of front-running transactions and MEV attacks;
- IBC integration: enabling interoperability with the Cosmos ecosystem and other IBC-supported chains;
- Support CosmWasm smart contracts: allowing developers to create diverse applications using multiple programming languages;
- Compatible with EVM: lowering the threshold for developers to migrate applications;
- Introducing a governance module: enabling INJ token holders to participate in the network decision-making process.
It is reported that this upgrade requires a hard fork of the Injective network, which means that all nodes and validators must update their software to the latest version.
