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Web3 Daily | Curve Protocol and others attacked; Base TVL surpasses $60 million, with a 24-hour growth of nearly 3 times.

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Important Cryptocurrency Industry News on July 31st Overview

Top News:

1. Vyper compiler malfunction, Curve and other protocols under attack;

2. Wu Jihan: CRV is one of the most important assets in the RWA wave, and I have bought it at the bottom.

3. Data: Base TVL breaks $60 million, with a nearly three-fold increase in 24 hours;

4. Lifeform has completed the snapshot and will distribute airdrops to early adopters.

5. Binance's Dubai subsidiary, Binance FZE, has obtained the Dubai operational MVP license;

Curve Attack Related Incidents Collection

Vyper Contributor: There is reason to suspect state-sponsored hackers were involved in the Curve attack

The contributor of the smart contract language Vyper, @fubuloubu, commented on the "Curve hack incident", stating that "finding this vulnerability would take weeks to months, and it may have been carried out by a small group or team. We may soon find more information, but given the resources involved, I believe there is reason to suspect that state-sponsored hackers may be involved."

Curve: crv/eth, aleth/eth and other pools have been hacked, Arbitrum's tricrypto may also be affected

Due to the Curve incident triggering a race, today produced the largest MEV reward block in the history of Ethereum.

Ethereum core developer and EIP-1559 co-author eric.eth stated on social media that some of the largest MEV rewards in Ethereum history were generated today. Among them, Slot 6,992,273 received a reward of 584 ETH; Slot 6,993,342 received a reward of 345 ETH; Slot 6,992,050 received a reward of 247 ETH; and Slot 6,993,346 received a reward of 51 ETH. Eric.eth said that a bot noticed a hacker invading the MEV pool, copied the tx and ran ahead. As a result, they paid a large amount of ETH to the block producers to achieve the front-running.

Curve attacker address currently holds over 4.4 million USD worth of CRV and 7680 WETH

On-chain information shows that the attacker address of Curve currently holds 7.193 million CRV (worth approximately $4.431 million) and 7,680 WETH (worth approximately $14.37 million).

Data: The liquidation price of CRV in various lending protocols by Curve founder is around $0.4

According to the encryption researcher 0xLoki's statistics, Curve founder Egorov has currently staked over 292 million CRV tokens (181 million USD) and borrowed tokens worth 110 million USD. The liquidation prices on various lending protocols are as follows: 0.37 USD on AAVE, 0.4 USD on FRAXlend, 0.39 USD on Abracadabr, and 0.4 USD on Inverse.

Curve founder transferred 16 million CRV to Aave 5 hours ago

On-chain information shows that the founder of Curve transferred 16 million CRV (worth approximately 9.93 million USD) to Aave 5 hours ago. This move may be aimed at improving its borrowing health ratio.

CZ: Binance is not affected by the Vyper vulnerability, and user funds are safe.

The founder of the encrypted trading platform Binance, CZ, commented on the "Curve Finance attack incident", stating that "CEX price feeding saved DeFi". Binance users were not affected. The Binance team checked for the Vyper reentrancy vulnerability and only used version 0.3.7 or above. It is important to keep the latest codebase, applications, and operating systems. BlockBeats previously reported that Curve Finance stated that due to a recursive lock failure, many stablecoin pools (alETH/msETH/pETH) using Vyper 0.2.15 were attacked. The team is evaluating the situation and will update the community as the situation develops. The crvUSD contract and other funding pools are not affected.

BendDAO: All contracts are compiled using Solidity, not Vyper

The NFT lending protocol BendDAO announced that all BendDAO contracts are compiled using Solidity, not Vyper. Earlier, the Ethereum programming language Vyper announced that the recursive lock of versions 0.2.15, 0.2.16, and 0.3.0 is invalid, and an investigation is currently underway.

SlowMist Chief Information Security Officer: Vyper Official Documentation Has Obvious Omissions

SlowMist's Chief Information Security Officer 23pds stated on their social media platform that the version recommended by the installation interface in the official documentation of Vyper is incorrect. Earlier, Ethereum programming language Vyper announced that the recursive lock of versions 0.2.15, 0.2.16, and 0.3.0 has failed and is currently under investigation.

Upbit: CRV deposit and withdrawal services have been temporarily suspended

The South Korean cryptocurrency exchange Upbit has announced that due to the attack on a portion of the Curve stablecoin pool, which has caused significant volatility in CRV, the deposit and withdrawal services for Curve (CRV) have been temporarily suspended.

Due to the impact of the attack, pETH and alETH have experienced significant negative premiums.

According to information on the Curve Finance page, pETH and alETH have experienced varying degrees of negative premiums due to the recent attack. The exchange rate for alETH/ETH is 1:0.7742, and the exchange rate for pETH/ETH is 1:0.4513. Note: pETH is a derivative asset of ETH issued by the JPEG'd Protocol, while alETH is a synthetic asset anchored to the price of ETH in the Alchemix protocol.

Metronome: Curve's msETH-ETH pool has been attacked and mainnet functionality has been temporarily suspended

DeFi synthetic asset protocol Metronome announced on social media that it has suspended its mainnet functionality as a precautionary measure to minimize damage, due to an attack on the msETH-ETH pool on Curve. Metronome stated that a vulnerability involving multiple Curve pools was exploited, and the msETH-ETH pool was attacked, resulting in the theft of liquidity from the pool. Liquidity providers for any msUSD trading pairs and Optimism users who use msETH on Velodrome should be aware that their positions are not affected. Additionally, all deposits and open positions with Metronome are not affected by this incident.

Alchemix: alETH/ETH Curve Pool Attacked, Losing Approximately 5000 ETH, Alchemix Treasury Funds Safe

DeFi lending protocol Alchemix announced on social media that on July 30th, Curve Finance notified Alchemix that its alETH/ETH pool may be vulnerable to an exploit due to a vulnerability in Vyper. Alchemix quickly took action and removed liquidity controlled by AMO contract from the Curve pool. During the process of removing the remaining liquidity, the alETH/ETH Curve pool was attacked by an attacker. Currently, the alETH reserve has lost approximately 5000 ETH.

CRV is now trading at $0.6264, with a drop of over 11% in the past 24 hours.

According to OKX market information, CRV briefly fell below $0.6 early this morning due to the impact of the attack incident, and has since rebounded slightly. It is currently trading at $0.6264, with a 24-hour decline of 11.74%.

Due to the impact of the attack, Curve Finance TVL decreased by more than 24%According to DefiLlama data, due to the impact of the attack incident, Curve Finance TVL has decreased from 3.266 billion US dollars on July 30th to the current 2.481 billion US dollars, a decrease of 785 million US dollars, with a 24-hour decline of 24.03%.

派盾：Curve Finance attack has caused a loss of $52 millionAccording to PeckShield's monitoring, as of now, the Curve Finance stablecoin pool attack has caused a total loss of $52 million for Alchemix, JPEG'd, MetronomeDAO, deBridge, Ellipsis, and the CRV/ETH pool.

Curve Finance: Some stablecoin pools were attacked due to Vyper recursive lock failure

Curve Finance stated on social media that due to a malfunction of recursive locks, many stablecoin pools (alETH/msETH/pETH) using Vyper 0.2.15 have been attacked. The team is assessing the situation and will update the community as the situation develops. The crvUSD contract and other funds are not affected. Earlier, the Ethereum programming language Vyper announced that the recursive locks in versions 0.2.15, 0.2.16, and 0.3.0 have failed and are currently under investigation.

Project Updates

MEXC has listed BGB/USDT trading pair

BGB officially launched on the MEXC platform, further increasing liquidity. Currently, MEXC supports the BGB/USDT trading pair. In addition, Bitget also launched the MX/USDT trading pair at 18:00 (UTC+8) today, and the deposit channel was opened on July 28th at 18:00 (UTC+8).

Binance Full Margin Leverage Adds AGLD and T as Borrowable AssetsBinance has added AGLD and T as new borrowable assets on full-margin leverage, and has added new trading pairs on isolated-margin leverage: New full-margin leverage currency pairs: AGLD/USDT, T/USDT New isolated-margin leverage currency pairs: ARKM/TUSD, AUCTION/USDT.

Bithumb 上 CRV 出现大幅度溢价，溢价率超 560% Translation:

There is a significant premium on CRV on Bithumb, with a premium rate of over 560%.

A large premium for CRV has appeared on the South Korean cryptocurrency exchange Bithumb, with a current price of 6,230 Korean won, equivalent to 4.89 US dollars. According to market data, the current price of CRV is 0.641 US dollars, with a 24-hour decline of 12.43%, and the premium rate has exceeded 560%. Earlier today, due to the attack on part of the Curve stablecoin pool, causing significant volatility in CRV, Upbit and Bithumb announced a temporary suspension of CRV deposits and withdrawals.

Bitget announced the schedule timeline of KCGI King's Cup.

darkmarket.eth retrieved 39,712 ETH locked in ENS auction

According to Lookonchain's monitoring, after more than 2 years of dormancy, "darkmarket.eth" today retrieved 39,712 ETH (approximately $74.17 million) locked in the ENS auction and transferred 63,734 ETH (approximately $119 million) to a new wallet.

Chain game MATR1X FIRE will open the Advanced Battle Pass for public sale at 8pm tonight, limited to 3000 tickets.

The "CSGO"-like online game MATR1X FIRE will open the public sale of its Battle Pass Advanced at 8 pm tonight, limited to 3,000 tickets at a price of 200 USDC. MATR1X FIRE is the first metaverse shooting mobile game incubated by the Web3 entertainment platform MATR1X, featuring classic shooting and 5v5 fair competition. The gameplay is similar to CSGO, CrossFire, and Call of Duty mobile games, and players can win NFTs and tokens with huge appreciation potential by playing the game. It is reported that the Alpha test will be available for download on August 7th, and the official launch will be on August 8th, with millions of FIRE tokens and MAX tokens airdropped to users who participate in the test.

OKX Web3 wallet has now integrated with UniSat Wallet.

According to official sources, the OKX Web3 wallet has now integrated with UniSat Wallet, allowing users to explore the OKX Ordinals market through UniSat Wallet. The market is 100% decentralized and supports 0 transaction fee trading of BTC NFT and BRC-20 tokens. UniSat is a browser extension wallet that supports Ordinals and BRC 20. OKX Web3 wallet is the first multi-chain wallet that supports the Ordinals market and is the most comprehensive heterogeneous multi-chain wallet, supporting 60+ public chains. It is unified across three platforms: App, plugin, and web, covering five major areas: wallet, DEX, DeFi, NFT market, and DApp exploration. It also supports creating MPC wallets, exchanging gas, iCloud/Google Drive backup of mnemonic words, custom networks, and connecting hardware wallets, among other functions.

Lifeform has completed the snapshot and will distribute airdrops to early adopters.

Visual DID infrastructure provider Lifeform announced that it has completed a snapshot at block heights 30342850 (BSC) and 17787821 (ETH). The LFT token airdrop will be distributed as a reward to early adopters of Lifeform.

Aave community proposes "Deploying Aave V3 on Base", voting ends on August 1st

An Aave community proposal has been initiated to "Deploy Aave V3 on Base". The vote for this proposal will end on August 1st at 03:00, and the current approval rate is 99.98%. If the proposal is approved, Aave V3 will be deployed on the Base mainnet, with wETH, wstETH, cbETH, and USDC as collateral. Aave will be able to leverage Coinbase integration, fiat deposits, and access to the Coinbase ecosystem.

Binance Dubai subsidiary Binance FZE has obtained Dubai operational MVP license

According to an official announcement, Binance's Dubai subsidiary, Binance FZE, has obtained the Minimum Viable Product (MVP) license for operation in Dubai. Currently, eligible users can obtain regulated virtual asset services, including fiat currency deposits and withdrawals, through Binance FZE.

On-chain marks related to Multichain suspicious EOA address 0x622e5F32E9Ed5318D3A05eE2932fd3E118347bA0 transferred about 220 WBTC to the address starting with 0x3c74bC and sold them in batches for USDT through 1inch one hour ago. BlockBeats previously reported that on July 14th, the Multichain team stated that Multichain CEO Zhao Jun was taken away by the police from his home on May 12th this year and has been out of contact with the Multichain team ever since. All of Zhao Jun's computers, phones, hardware wallets, and mnemonic words were confiscated by the police. On July 9th, Zhao Jun's sister transferred the remaining user assets in the router pool and then notified the team and multiple project parties of this asset preservation action. The funds were transferred to the EOA address controlled by Zhao Jun's sister. On July 13th, according to information provided by Zhao Jun's family, Zhao Jun's sister has been detained by the police.

Option agreement Lyra announces V2 version and launches new Rollup Lyra Chain

Option agreement Lyra announced the launch of its V2 version. Lyra V2 is a spot, perpetual contract, and options trading platform designed to provide a secure, efficient, and easy-to-use trading environment. The new version will include two parts: Lyra Protocol and Lyra Chain. Lyra Protocol is a decentralized spot, perpetual contract, and options trading settlement protocol. Lyra Chain is a rollup OP stack that provides high throughput and low-cost transaction settlement to the Ethereum mainnet. Lyra V2 will also support portfolio margin, cross-margin, and multi-asset collateral. Lyra DAO will receive transaction and gas fees from Lyra Protocol and Lyra Chain, which will be managed by LYRA token holders.

Bounce Finance has announced its Q3 and Q4 development roadmap for this year, including new auction mechanisms and a physical collectibles market.

The decentralized auction platform Bounce Finance has announced its development roadmap for the third and fourth quarters of 2023. The platform plans to launch a series of innovative features, including the world's first "Diamond Hand" necklace auction, new auction mechanisms, and a physical collectibles market. Bounce Finance will collaborate with Web3 native luxury brand FOUNDO to launch the world's first "Diamond Hand" necklace auction in August. In addition, Bounce Finance will introduce a new auction mechanism that allows participants to generate revenue during the auction process. Bounce Finance also plans to launch a physical collectibles market, where projects can create their own brand stores on the Bounce platform to sell physical collectibles, including clothing, accessories, and luxury goods.

The meme project ArbDoge.AI has confirmed that the encryption KOL Wang Dayou (@youyou5202) is the founder and leader of the project. ArbDoge.AI emphasizes that although the founder is Chinese, the team and community are global. ArbDoge.AI emphasizes that the founder is willing to face everyone publicly after careful consideration, which is one of the ways the team conveys trust to the community.

Viewpoint

吴忌寒：CRV is one of the most important assets in the RWA wave and has been bought at the bottom

Bitmain and Matrixport co-founder Wu Jihan posted on social media, "In the upcoming RWA wave, CRV is one of the most important infrastructure. I have bought in at the bottom, which does not constitute financial advice."

Data

Data: LeetSwap, the largest DEX on the Base chain, has a trading volume of over $230 million in the past 24 hours, with BALD accounting for nearly 50% of the trading volume.

According to DEX Screener data, the largest decentralized trading platform on the Base chain, LeetSwap, saw its trading volume surge to $230 million and its trading volume reach 526,000 transactions in the past 24 hours. Among the top ten trading pairs on LeetSwap, nine of them are meme coins, except for the platform coin LEET. It is worth noting that BALD had a trading volume of $110 million in the past 24 hours, accounting for nearly 50% of the platform's total trading volume. BlockBeats note: Meme coin prices are highly volatile, and most coins can only maintain a certain level of popularity for a short period of time. Investors should be aware of the risks and handle their personal assets properly.

Data: Whale address spent 1000 ETH for two consecutive days to purchase 28 million BALD, with a loss of about $340,000

According to Lookonchain's monitoring, the whale address that spent 500 ETH to buy 13.6 million BALD yesterday spent another 500 ETH (approximately $938,000) to buy 14.45 million BALD 9 hours ago. The whale has spent a total of 1000 ETH (approximately $1.87 million) to buy 28 million BALD, with an average purchase price of about $0.067. Based on the current price of BALD, the whale has lost about $340,000.

OX breaks through $0.054, setting a new historical highAccording to CoinGecko data, the native token OX of the cryptocurrency claims and trading platform OPNX has broken through $0.054, reaching a new all-time high. It is currently priced at $0.05435, with a 24-hour increase of 17.15%.

A dormant address participating in Ethereum ICO wakes up and transfers 640 ETH to Abyss Finance for staking

According to Etherscan data, an address that participated in the Ethereum ICO has awakened. The address received 2000 ETH in the 2015 ICO and transferred 641 ETH to a new address 4 minutes ago. The new address then staked 640 ETH in Abyss Finance.

Data: Base TVL breaks $60 million, nearly tripled in 24 hoursAccording to L2BEAT data, Coinbase's L2 network Base TVL has reached $61.69 million, nearly triple the level of $21 million on July 30th.

Sui active address count has reached 2 millionAccording to official sources, the number of active addresses on Sui has reached 2 million. In the past few weeks, the number of active addresses on the Sui chain has doubled.

Data: BALD deployers have added 727 million BALD and 6471 ETH liquidity to LeetSwap

According to Lookonchain's monitoring, the deployer of BALD has added a total of 727 million BALD and 6471 ETH (approximately $12.15 million) liquidity to LeetSwap. Currently, they hold 2,726,700 BALD (currently valued at $12 million).

Funding

Cyber Manufacture Co. announced the completion of a ten million dollar financing round, with Vinod Khosla and Synergis Capital participating

According to official sources, Cyber Manufacture Co., an AI startup led by Chinese entrepreneurs, has announced the completion of a ten million dollar financing round. The round was led by Vinod Khosla, a well-known American technology tycoon and venture capitalist, as well as existing investors and shareholders of Cyber Manufacture Co., Synergis Capital. It is reported that Vinod Khosla was once named by Forbes as the most popular venture capitalist among entrepreneurs, and his early company, Sun Microsystems, invented the Java programming language. Khosla Ventures, founded by Vinod Khosla, was the first venture capitalist to invest in OpenAI in 2019.