Web3 Daily | Fireblocks discovers a series of new vulnerabilities affecting MPC wallets; zkSync Era generates on-chain profits in July surpassing the total of Arbitrum and Optimism.
Selected News:
1. Fireblocks has discovered a series of new vulnerabilities affecting MPC wallets and has contacted relevant platforms and projects for repairs.
2. Base mainnet officially opens to the public;
4. MakerDAO founder elaborated on the Spark Protocol pre-mining airdrop plan and SubDAO mining economic model in the community.
5. Data: Justin Sun currently has a total staked value of $330 million in stETH, and has minted 1.178 billion DAI and deposited it.
6. Sei Labs co-founder Jayendra (Jay) Jog appeared on BlockBeats Twitter Space;
Project Updates
CZ: Fireblocks has fixed a vulnerability affecting MPC wallets, ensuring user fund safety.
Binance founder CZ posted on social media that "Fireblocks discovered a series of new vulnerabilities affecting MPC wallets that were previously present in Binance's open-source TSS library, but have since been fixed. No Binance user funds were affected." BlockBeats reported today that Fireblocks, a provider of cryptocurrency custody technology, recently disclosed a series of vulnerabilities (collectively known as "BitForge") that affect popular cryptocurrency wallets that use multi-party computation (MPC) technology. The company classified BitForge as a "Zero Day" vulnerability, which means that the developers of the affected software did not discover these vulnerabilities before Fireblocks disclosed them.
Aave community initiates ARFC proposal to introduce sDAI as collateral asset in Aave V3
Aave has published an ARFC proposal on the governance forum to introduce sDAI as a collateral asset into the Aave V3 Ethereum pool, aiming to create new synergies with the MakerDAO ecosystem. The proposal states that Aave can provide users with the dual benefits of earning DSR returns and using their assets as collateral. If approved, both sDAI and DAI will serve as reserve assets in the Aave V3 Ethereum pool, with sDAI primarily used as collateral and DAI as a lendable asset.
SoQuest has launched the BQL feature and opened targeted invitation testing.
opBNB testnet is expected to undergo a PreContract hard fork at 14:00 on August 14th
BNB Chain announced that the opBNB testnet will undergo a PreContract hard fork at block height 5114294, which is expected to take place at 14:00 on August 14th Beijing time. Full node operators of opBNB need to complete the upgrade before the specified time.
Binance will delist ADA/BUSD and MATIC/BUSD perpetual contracts on August 17th.
According to official sources, Binance Futures will close all positions and settle ADA/BUSD and MATIC/BUSD perpetual contracts automatically on August 17th at 17:00 (Beijing time). After the settlement is completed, the contract will be delisted. In addition, Binance Futures will adjust the leverage and margin levels of ADA/BUSD and MATIC/BUSD perpetual contracts on August 10th at 12:30 (UTC). Existing positions opened before the update will be affected. It is strongly recommended that users adjust their positions and leverage before the adjustment to avoid potential liquidation.
CoinGecko has added the Base Ecosystem token section.
CoinGecko, a website for analyzing encrypted data, announced the addition of the Base Ecosystem token section, which tracks the prices, fluctuations, 24-hour trading volume, market capitalization, and other data of related tokens.
Cobo Argus has launched a DeFi mining automatic withdrawal robot.
Cobo, an institutional-grade DeFi investment management platform, has launched the Withdrawal Bot feature on Cobo Argus. Users can customize risk indicators such as LP Token weight, Deposit Ratio, and TVL volatility range. By monitoring real-time data on the chain, the robot will automatically withdraw funds for investors when the protocol triggers the user's set indicators, such as a sharp drop in TVL or a surge in LP Token ratio. This feature can effectively help DeFi users protect their assets and better cope with extreme market conditions. In events such as the recent Curve incident, some of Cobo Argus' test clients were able to withdraw from the risk pool in a timely manner using the withdrawal robot, protecting their principal. Currently, Cobo Argus has launched the automatic withdrawal function for multiple pools on Curve (cvxETH, frxETH, stETH, TricryptoUSDC, TricryptoUSDT), and automatic withdrawal will cover more protocols in the future.
ApeCoin community votes on-chain through "voting requires holding at least 1 APE" proposal
According to the Snapshot page, the ApeCoin DAO community voted through the AIP-295 proposal chain, which requires holding at least 1 APE to vote, in order to eliminate bots and reduce individuals attempting to gain future benefits by using small amounts of ApeCoin to vote.Bitget will hold the EmpowerX Summit in Singapore on September 12, 2023, with the theme of empowering society with cryptocurrency and Web3. At that time, Bitget will collaborate with Hello Labs to present a Web3 project roadshow. Inspired by the upcoming reality show "Killer Whales", the roadshow will allow four participating Web3 project teams to introduce their projects and conduct a pitch to star judges from the show. The winning project will also have the opportunity to be recorded in the second season of "Killer Whales". Summit attendees will have the opportunity to witness the innovative spirit of Web3 and the infinite possibilities of decentralized creativity.
Sei Labs co-founder Jayendra (Jay) Jog, during his appearance on BlockBeats Twitter Space, stated that Layer1 is superior to Layer2 in terms of facilitating transactions, while Layer2 has limitations in terms of scalability. However, Layer1 solutions such as Ethereum and Sei also face issues such as low TPS. As a Layer1 solution specifically designed for transactions, Sei's first priority is to significantly improve the user experience, followed by addressing decentralization and security concerns. The ongoing debate regarding Layer1 and Layer2 solutions is worth keeping an eye on in the future.
Fluent, the zkWASM execution layer for Ethereum, announced the launch of its testnet.
Ethereum zkWASM Execution Layer Fluent announced on social media that the testnet will be launched soon and is currently accepting applications from early builders. Fluent integrates three key innovations: using ZK Rollup to alleviate application performance and cost limitations; supporting programming languages such as Rust, TypeScript, and Go through the WebAssembly virtual machine; and having EVM tool compatibility to achieve Solidity, MetaMask support, account abstraction, and other functions.
Dune has added integration with Coinbase L2 network Base's data.
The blockchain data analysis platform Dune has added integration with Coinbase L2 network Base, including Base on-chain raw data and decoded data. Users can submit applications to create data analysis dashboards for relevant contracts.
YGG announces joining the Base ecosystem and plans to deploy the Quest platform.
YGG announced its joining of the Base ecosystem and plans to deploy the Quest platform on Base, collaborating with game publishers on Base to create more specific and attractive missions.
Highstreet collaborates with Jay Chou's fashion brand PHANTACi to launch PHANTACi Peninsula
The Metaverse project Highstreet has announced a partnership with PHANTACi, a fashion brand under Jay Chou's umbrella. The two parties will launch a unique area called PHANTACi Peninsula in the Highstreet World to provide fans with innovative interactive experiences, including unique virtual world attractions, limited edition merchandise, and special discounts for PhantaBear holders. Currently, the Highstreet and PHANTACi teams are collaborating to design residences within PHANTACi Peninsula, which will be sold through the first residential release. Previously, the Highstreet CEO confirmed on Twitter Space that they will be collaborating with Jay Chou.
Coinbase CEO participated in Onchain Summer music NFT auction.
Web3 security infrastructure Trusta Labs releases on-chain behavior analysis tool TRUSTGO on zkSync
According to official sources, Trusta Labs, the Web3 security infrastructure, has announced the release of the on-chain behavior analysis tool TRUSTGO on zkSync. The tool can analyze and score users' on-chain behavior from five dimensions: currency, participation, diversity, identity, and lifespan, while helping users avoid potential risks. BlockBeats previously reported that on January 17th, Trusta Labs completed a seed round of financing of over $3 million, led by SevenX Ventures and Element Capital, with HashKey, Redpoint China, GGV, and SNZ following suit. The funds raised will be used for new product development, promoting the absorption and conversion of new users, and retaining and operating valuable users.
According to official sources, the Web3 multi-chain wallet BitKeep has officially completed its brand upgrade and has been renamed Bitget Wallet. It has also upgraded its multi-chain aggregation trading service, Bitget Swap, to provide users with the best prices, the most comprehensive currency pairs, and a seamless cross-chain trading experience, as well as a full range of trading modes including market flash exchange, limit order, and leveraged contracts. The upgraded Bitget Wallet will take Swap trading as its core business and integrate various business lines within the wallet ecosystem. At the same time, the logo and visual style have been completely updated to match the iconic arrow image of Bitget, corresponding to its new vision of "faster trading, better assets". Its new mission is to become the most user-friendly Web3 trading wallet and provide users with an excellent on-chain trading experience.
Telegram Wallet has launched the developer test version of its non-custodial wallet TON Space.
The hosted wallet bot Telegram Wallet on Telegram announced the launch of a new non-custodial wallet, TON Space, which is currently in the testing phase for developers. TON Space will provide all Telegram Wallet users with full control over their assets, including TON, Jettons, NFT collections, and more.
MakerDAO founder Rune Christensen initiated a community proposal regarding the "SparkDAO SPK pre-mining airdrop; SubDAO farming overview". The proposal outlines the potential SPK pre-mining airdrop plan for the lending protocol Spark Protocol, and will review the general SubDAO mining economic model that will be launched in the second phase.
Web3 information distribution protocol RSS3 announced support for Base network
According to official sources, the Web3 information distribution protocol RSS3 has announced that it has added support for the L2 network Base incubated by Coinbase. The Base mainnet was officially opened to the public earlier today.Synthetix has launched the USDT perpetual contract market.
The synthetic asset protocol Synthetix has announced on social media that it has launched a USDT perpetual contract market. Users can trade on the front-end integrated with Synthetix liquidity and supporting Perps trading. Supported trading platforms include Kwenta, Polynomial, and dHEDGE.
According to Coindesk, Fireblocks, a provider of cryptocurrency custody technology, recently disclosed a series of vulnerabilities (collectively known as "BitForge") that affect popular cryptocurrency wallets using multi-party computation (MPC) technology. The company classified BitForge as a "Zero Day" vulnerability, which means that the developers of the affected software did not discover these vulnerabilities before Fireblocks disclosed them. It is reported that Coinbase, ZenGo, and Binance have already worked with Fireblocks to fix potential vulnerabilities. Fireblocks stated that its team is currently working to identify other teams that may be affected and is reaching out to them. If not remedied, these vulnerabilities will allow attackers and malicious insiders to withdraw funds from the wallets of millions of retail and institutional customers in seconds, without the knowledge of users or suppliers. If MPC wallet users want to know if they are using vulnerable wallets, they can contact Fireblocks or fill out a form that will be posted on its website.
PeopleDAO core developer 0xAA posted on social media that the top advertising result for "DeFiLlama" on Google search is a phishing website, and there is a risk of asset theft during interaction.
Yuga Labs has announced the approval of the first batch of Made by Apes applications.
Bot class project Unibot announced the launch of security upgrade feature Unibot Cloud. This update will migrate user private key data out of Telegram, making user assets more secure. According to Unibot official information, by introducing Unibot Cloud, user private key data will be transmitted through an encrypted secure random channel, and the function of obtaining private key is a one-time access and includes temporary data. After accessing this page, the encrypted data will self-destruct and be completely deleted. When users obtain the private key again, a new access link will be generated.
NFT project y00ts posted on social media that it will migrate to Ethereum, but the specific date has not been determined. At the same time, y00ts will 100% return the funding provided by Polygon, which will be redeployed for the development of the NFT ecosystem. BlockBeats previously reported that y00ts had decided to migrate the project from the Solana network to Polygon at the end of 2022 and took action at the end of March this year. Frank, the founder of y00ts, said that Polygon paid $3 million to facilitate the migration and the funds will be used for DeLabs team expansion and strategic talent introduction, including business growth, graphic design, content creation, and event coordination departments.
Maverick Protocol announces the launch of the Base network, LPs will receive commemorative NFTs.
DeFi infrastructure Maverick Protocol announced on social media that it has launched on the Base network. Liquidity providers (greater than $1000) on the Base network will be eligible for the minting of Mava IV-Base NFTs and may qualify for the Maverick ecosystem incentive program S1 airdrop.
Base mainnet officially opens to the publicAccording to The Block, the Base mainnet has officially opened to the public, with over 100 Dapps and service providers as part of the Base ecosystem. Jesse Pollak, the head of the Base protocol, stated that users can explore these Dapps and benefit from lower transaction fees and faster transaction speeds compared to Ethereum.
Data
Upbit announced the listing of STG, and STG surged more than 13% in a short timeAccording to an official announcement, the South Korean cryptocurrency exchange Upbit will list STG (Stargate) and support BTC trading pairs. STG only supports deposits from the Ethereum network. Market data shows that STG rose over 13% in a short period of time due to this news, and is currently priced at $0.6872.
Milady Maker floor price exceeds "Pudgy Penguins" and is now reported at 4.2 ETHAccording to data from NFTGo.io, the floor price of Milady Maker NFT series is currently at 4.2 ETH, with a 24-hour increase of 21.84%, which is higher than the floor price of 4.14 ETH for the Pudgy Penguins NFT series.
OX breaks through $0.078, with a 24-hour increase of 12.93%According to CoinGecko data, the native token OX of the crypto claims and trading platform OPNX has broken through $0.078 and is now priced at $0.07821, with a 24-hour increase of 12.93%.
According to Trustnodes, SoFi Bank, headquartered in San Francisco with 6.2 million users, disclosed in its Q2 financial report that it holds a total value of nearly $170 million in cryptocurrencies, including $82 million in Bitcoin, $55 million in Ethereum, nearly $5 million in DOGE, and $4.5 million in ADA.
Data: 2616 bitcoins transferred from unknown wallet to Coinbase, about $77.16 million
According to monitoring data from Whale Alert, 2,616 bitcoins were transferred from an unknown wallet to Coinbase approximately 24 minutes ago, worth about $77.16 million.Bankless co-founder Ryan Sean Adams posted on social media that "Worldcoin, which requires iris scans for submission, spent $500,000 in gas fees within 40 days. Based on this calculation, it will spend $4.5 million in gas fees for the whole year. Companies will need to store ETH like they store other necessities. Ethereum block space is the new oil."
Data: Base mainnet bridge storage TVL exceeds $150 million
According to Spot On Chain monitoring, Justin Sun has currently staked a total of 157,000 stETH (worth approximately $330 million) and minted 1.178 billion DAI, which he has deposited into MakerDAO to earn its current 8% deposit interest rate. Based on the current deposit interest rate, the 1.178 billion DAI deposited by Justin Sun is expected to generate an annual income of $6.53 million, or approximately $17,900 per day.
Cryptocurrency mining company Riot Platforms reports a net loss of $27.7 million in Q2.
According to The Block, Riot Platforms, a cryptocurrency mining company, reported a net loss of $27.7 million in the second quarter of this year, compared to a net loss of $353.6 million in the same period last year. In addition, Riot Platforms' revenue in the second quarter of this year was $76.7 million, higher than the $72.9 million in the same period last year. This was mainly due to a 27% increase in Bitcoin production, but revenue did not increase significantly due to the decline in Bitcoin prices.
Solana mobile Saga official price dropped from $1000 to $599
The mobile phone Saga launched by Solana Labs announced a price reduction from $1000 to $599. BlockBeats previously reported that Saga was publicly available in May this year. The phone is deeply integrated with Solana and supports self-hosted key solution Seed Vault and Solana DApp Store, which allows access to decentralized applications.
Data: The total amount of DAI deposits in DSR has exceeded 1 billion US dollars
According to data from Spark Protocol, a lending protocol under MakerDAO, the total amount of DAI deposited in DSR has exceeded $1 billion, reaching $1.01 billion. Users can earn the current 8% deposit interest rate by depositing DAI in DSR.
Data: Two whales jointly withdrew 1.18 million LDO from Binance, worth about $2.26 million
According to Lookonchain monitoring, two whales withdrew a total of 1.18 million LDO worth $2.26 million from Binance two hours ago. The address starting with "0x8c50" withdrew 570,998 LDO worth $1.09 million, while the address starting with "0xbaf2" withdrew 614,978 LDO worth $1.17 million.Data: Spark Protocol TVL has reached $340 million, a 5x increase in the past week
According to DefiLlama data, the TVL of Spark Protocol, a lending protocol under MakerDAO, has reached $347 million, a five-fold increase in the past week.Data: zkSync Era 7-month on-chain profit exceeds the sum of Arbitrum and Optimism
According to data from Dune, the on-chain profit of zkSync Era network reached 1309 ETH (approximately 1.9 million USD) in July, surpassing the total profits of Arbitrum and Optimism for the same month. Note: On-chain profit in this panel refers to gas fee revenue minus the cost of publishing data to L1 and the cost of verifying proofs on L1.Data: Whale address withdrew 10 million DAI from MakerDAO and exchanged all for stETH 6 hours ago
According to Lookonchain data, a Smart Money whale address withdrew 10 million DAI from MakerDAO 6 hours ago and exchanged all of it for 5,403 stETH at an average price of $1,851.SNM 24-hour surge over 23%, currently trading at $0.3366
According to market data, SONM (SNM) rose to touch 0.3499 US dollars before falling back, and is now priced at 0.3366 US dollars, with a 24-hour increase of 23.48%. SONM is a decentralized fog computing platform that provides cloud services based on distributed client-level hardware. Users can rent out their own hardware or use others' computing power for their own needs.Funding
Regulation
美 SEC 寻求对 Ripple Labs 案判决进行上诉 Translation:
The US SEC seeks to appeal the judgment in the Ripple Labs caseAccording to Bloomberg, the US Securities and Exchange Commission (SEC) has stated that it plans to challenge a federal judge's ruling that Ripple Labs Inc.'s XRP token was not a security when sold to the public. The SEC has said that the current ruling in the Ripple case will impact its handling of the Terra case, Coinbase case, and Binance case.
Argentina's Data Protection Agency announced that it is investigating the Worldcoin project.
The Argentine Data Protection Agency (AAIP) announced that it is investigating Worldcoin's handling of personal data, and will carefully analyze the processes and practices related to the collection, storage, and use of sensitive personal data such as biometrics. In addition, appropriate measures will be taken to address any issues found and ensure that the company complies with security and privacy standards.
According to The Crypto Basic, Kirit Bhatia, the head of international business development at Ripple, stated that Ripple is collaborating with the Hong Kong Monetary Authority (HKMA) to pilot a central bank digital currency (CBDC) program. The program aims to tokenize real-world assets (RWA) using the Ripple CBDC platform supported by XRP Ledger (XRPL) technology. Ripple officials stated that "Hong Kong has numerous developers and investments related to blockchain, and we are pleased to work with innovative enterprises and financial institutions to promote, manage, and tokenize real-world assets in Hong Kong and throughout Asia."
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