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BlockBeatsAsia

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BlockBeatsAsia
@blockbeats·08:56 18/07/2024
WazirX was attacked due to the leakage of administrator's private key

https://m.theblockbeats.info/en/flash/257026

WazirX was attacked due to the leakage of administrator's private key

BlockBeats news: On July 18, Beosin Alert detected that the Indian trading platform WazirX was attacked. The attacker obtained the signature data of the multi-signature wallet administrator of the trading platform, modified the logical contract of the wallet, and made the wallet execute the wrong logic to steal assets.Attacker address: 0x6eedf92fb92dd68a270c3205e96dccc527728066;Attacked address: 0x27fd43babfbe83a81d14665b1a6fb8030a60c9b4. Based on the attacker’s attack behavior, it is speculated that the cause is the leakage of the administrator’s private key of the multi-signature wallet. Beosin briefly analyzes the cause of the attack as follows:1. The attacker deployed the attack contract: 0x27fd43babfbe83a81d14665b1a6fb8030a60c9b4. The function of this contract is to extract the token assets specified by this contract2. The attacker obtained the signature data of the WazirX multi-signature wallet administrator and modified the wallet’s logical contract to the deployed attack contract. The corresponding transaction is: https://etherscan.io/tx/0x48164d3adbab78c2cb9876f6e17f88e321097fcd14cadd57556866e4ef3e185d3. The attacker submitted a token withdrawal transaction to the WazirX multi-signature wallet. Due to the proxy mode mechanism, the wallet contract will use delegatecall to call the relevant functions of the attack contract and transfer the wallet tokens.

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BlockBeatsAsia
@blockbeats·08:32 18/07/2024
The provisional list of LayerZero bounty hunters has been made public, and rewards will be distributed on July 23

https://m.theblockbeats.info/en/flash/257023

The provisional list of LayerZero bounty hunters has been made public, and rewards will be distributed on July 23

BlockBeats reported that on July 18, the LayerZero Foundation announced that a temporary list of bounty hunters and other details had been uploaded to the Commonwealth platform. Bounty hunters can review this temporary list before 00:00 UTC on July 21. Reward distribution will be made before the end of the day on July 23 (Tuesday). Distribution is at the sole discretion of the LayerZero Foundation and is subject to change. This list should not be considered the final witch list or reused intact. The list reflects a snapshot at the time of distribution, but does not take into account unreviewed reports or reports that were later determined to be false positives.

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BlockBeatsAsia
@blockbeats·08:28 18/07/2024
TON Foundation to launch TON Teleport to connect Bitcoin and TON ecosystem

https://m.theblockbeats.info/en/flash/257022

TON Foundation to launch TON Teleport to connect Bitcoin and TON ecosystem

BlockBeats news, on July 18, the TON Foundation announced the launch of the ecological infrastructure project TON Teleport, which allows users to transfer ("peg in" and "peg out") BTC between the Bitcoin blockchain and TON without relying on central institutions. A trustless system will be used to improve security and autonomy, ensuring that transactions are transparent and not subject to external control. The TON Teleport BTC process is trustless and transparent, and can be operated without a centralized issuer. Every BTC on TON will be 100% backed by actual BTC and pegged through a transfer process to ensure that transactions are safe and reliable. The system automates all operations from verification to confirmation through network validators and smart contracts, eliminating the possibility of human error, censorship or fraud. TON Teleport BTC will significantly promote the DeFi field within the TON blockchain by allowing new Bitcoin-based financial mechanisms and products such as DEX, lending platforms, and advanced wallet services.

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BlockBeatsAsia
@blockbeats·06:32 18/07/2024
The SEC closed-door meeting on the Ripple case originally scheduled for today has been canceled

https://m.theblockbeats.info/en/flash/257009

The SEC closed-door meeting on the Ripple case originally scheduled for today has been canceled

BlockBeats reported that on July 18, according to the SEC's official website, the SEC's closed-door meeting originally scheduled for 2 p.m. Eastern Time today has been canceled.BlockBeats previously reported that sources said the meeting could address the Ripple lawsuit and potential settlements. According to circulated internal notices, and given the importance of Ripple and the multiple legal actions the SEC is involved in, many in the crypto community speculate that this will be the focus.

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BlockBeatsAsia
@blockbeats·03:08 18/07/2024
Several Mt. Gox creditors reported that their accounts had recently experienced a large number of unauthorized login attempts

https://m.theblockbeats.info/en/flash/256993

Several Mt. Gox creditors reported that their accounts had recently experienced a large number of unauthorized login attempts

BlockBeats reported that on July 18, in the Mt. Gox creditors sub-forum "r/mtgoxinsolvency" on the Reddit platform, some users reported problems logging into their accounts on the Mt. Gox website, while other users shared screenshots showing a large number of unauthorized login attempts to their accounts.Some users are concerned that this may be a "brute force" attack on Mt. Gox creditors, but others believe it may just be a website malfunction. The Mt. Gox website has entered maintenance mode after the incident.

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BlockBeatsAsia
@blockbeats·02:28 18/07/2024
Liquidswap announces LSD token economics, with community allocation accounting for 40%

https://m.theblockbeats.info/en/flash/256989

Liquidswap announces LSD token economics, with community allocation accounting for 40%

BlockBeats news, on July 18, Aptos ecosystem DEX and wallet application Pontem Network officially announced that Aptos ecosystem AMM trading platform LiquidSwap DAO token LSD will be listed on July 30.42 million LSD will be minted in the Genesis phase and gradually unlocked within 3 years. DAO can also set the issuance volume for economic growth. The initial distribution is as follows: 15% for airdrop + staking incentives; 16% for the treasury, unlocked in 36 months; 8% for trading platform liquidity; 1% for IEO; 13.26% for the founding team, with a 1-year cliff period and an overall vesting period of 3 years; 25.25% for private investors in 2021; 21.49% for private investors in 2023.

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BlockBeatsAsia
@blockbeats·02:06 18/07/2024
ether.fi Foundation: ETHFI token staking function is now online

https://m.theblockbeats.info/en/flash/256988

ether.fi Foundation: ETHFI token staking function is now online

BlockBeats news, on July 18, the ether.fi Foundation issued an announcement stating that it has written a description of current and future features aimed at enhancing the practicality, market dynamics and user engagement of ETHFI tokens. The following measures have been implemented:· ETHFI token repurchase plan: Starting last month, the ether.fi Foundation announced that it would allocate 50% of the protocol's monthly income to repurchase ETHFI tokens and provide liquidity (LP);· Stake ETHFI for more rewards: Users can now stake their ETHFI tokens to earn additional project rewards while supporting the stability and security of the ether.fi protocol;· Enhanced liquidity pool;· Governance proposal voting;· Cross-chain L2 claims through Wormhole.

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BlockBeatsAsia
@blockbeats·01:30 18/07/2024
Direxion launches LMBO and REKT, two ETFs tracking the performance of US stocks in the crypto space

https://m.theblockbeats.info/en/flash/256983

Direxion launches LMBO and REKT, two ETFs tracking the performance of US stocks in the crypto space

BlockBeats news, on July 18, according to the official announcement, ETF issuer Direxion announced the launch of Direxion Daily Crypto Industry Bull 2X Shares (code: LMBO) and Direxion Daily Crypto Industry Bear 1X Shares (code: REKT). LMBO and REKT seek to achieve daily investment results of 200% of the performance of the Solactive Distributed Ledger and Decentralized Payment Technology Index or 100% of its opposite direction before deducting fees and expenses. The index is designed to track the performance of U.S.-listed securities operating in the field of distributed ledgers or decentralized payment technologies, including the following business areas: blockchain technology, NFT, decentralized finance and digital asset mining hardware.

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BlockBeatsAsia
@blockbeats·01:12 18/07/2024
Bitcoin mining company Cipher Mining is evaluating a potential sale: People familiar with the matter

https://m.theblockbeats.info/en/flash/256981

Bitcoin mining company Cipher Mining is evaluating a potential sale: People familiar with the matter

BlockBeats reported that on July 18, Bloomberg reported, citing people familiar with the matter, that after receiving an acquisition offer, Cipher Mining Inc. is exploring a potential sale as a surge in demand for data centers makes Bitcoin mining companies an acquisition target. People familiar with the matter said the U.S.-based company is working with consultants to assess the interest of potential buyers. These people requested anonymity to discuss confidential information. The discussion is still in its early stages, and it is unclear whether Cipher will decide to sell. A representative for Cipher declined to comment.

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BlockBeatsAsia
@blockbeats·00:02 18/07/2024
CryptoQuant: Bitcoin's rally may be constrained by the market value of stablecoins

https://m.theblockbeats.info/en/flash/256974

CryptoQuant: Bitcoin's rally may be constrained by the market value of stablecoins

BlockBeats news, on July 18, CryptoQuant analysts pointed out that "stablecoin liquidity may limit the potential for significant price increases in Bitcoin in the future. The market value of stablecoins has not yet fully increased, especially USDT, which is the key to further increases in Bitcoin prices."The company added in a statement on Wednesday: "Despite some positive trends in the market value of stablecoins, the monthly growth in USDT's market value is still close to zero, which still suppresses the potential for further increases in Bitcoin prices." (Decrypt)

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BlockBeatsAsia
@blockbeats·21:56 17/07/2024
Fees for 9 Ethereum Spot ETFs Announced

https://m.theblockbeats.info/en/flash/256969

Fees for 9 Ethereum Spot ETFs Announced

BlockBeats news, on July 18, as various issuers submitted S-1/A and other documents of spot Ethereum ETFs to the US SEC, the fees of 9 spot Ethereum ETFs have been announced. The specific data are as follows:· BlackRock spot Ethereum ETF fee is 0.25% (0.12% for the first US$2.5 billion or the first 12 months), the code is ETHA;· Fidelity spot Ethereum ETF fee is 0.25% (no management fee for the whole year of 2024), the code is FETH;· Bitwise spot Ethereum ETF fee is 0.20% (0% for the first US$500 million or the first 6 months), the code is ETHW;· 21Shares The spot Ethereum ETF has a fee of 0.21% (0% for the first $500 million or the first 12 months), and the ticker is GETH; · VanEck's spot Ethereum ETF has a fee of 0.20% (0% for the first $1.5 billion or the first 12 months), and the ticker is ETHV; · Invesco Galaxy's spot Ethereum ETF has a fee of 0.25%, and the ticker is QETH; · Franklin's spot Ethereum ETF has a fee of 0.19% (0% before January 31, 2025 or the first $10 billion), and the ticker is EZET; · Grayscale's spot Ethereum ETF has a fee of 2.50%, and the ticker is ETHE; · Grayscale The spot Ethereum Mini ETF has a fee of 0.25% (0.12% for the first $2 billion or first 12 months) and the ticker is ETH.

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BlockBeatsAsia
@blockbeats·21:10 17/07/2024
Biden: If health problems arise, I will consider withdrawing from the campaign

https://m.theblockbeats.info/en/flash/256952

Biden: If health problems arise, I will consider withdrawing from the campaign

BlockBeats news, July 18, according to the New York Times, US President Biden said in a latest interview that if the doctor directly told him that there was a problem with his physical condition, he would re-evaluate whether to continue to participate in the presidential campaign. This comment is the latest in a series of repeated explanations of the reasons that may cause him to reconsider. In addition, Biden also said for the first time that he originally wanted to "leave" the presidency and hand it over to someone else, but he decided to run again because he believed that his "wisdom" and experience would help bridge the country's worsening divisions.

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