Daily Rhythm | Vitalik confirms X account was previously subjected to SIM card swap attack; Over the past 24 hours, the entire network has liquidated $167 million.
Selected News:
1. Vitalik confirmed that the X account was previously subjected to a SIM card swap attack;
2. In the past 24 hours, the entire network has experienced a liquidation of 167 million US dollars;
3. Bitcoin fell to $25,000, with a 24-hour decline of 2.86%.
4. The TVL of the Arbitrum network has fallen below 5 billion US dollars, and ARB fell below 0.74 US dollars in the early morning, hitting a new low;
5. Coinbase Cloud has integrated the Kiln on-chain staking protocol;
6. BANANA went to zero after being online for 1.5 hours. The official team will issue a new coin and promise to compensate those who suffered losses.
Project Updates
Vitalik confirms that the X account was previously subjected to a SIM card swap attack.
Vitalik posted on social media that he has regained access to his T-mobile account and confirmed that the previous attack was a SIM card swap attack. Vitalik explained that, in terms of X, holding a phone number is enough to reset his account password. He had previously seen the advice that "phone numbers are not secure, do not use them for identity verification," but did not realize the problem. It is currently speculated that the phone number was leaked when registering for Twitter Blue. BlockBeats previously reported that Ethereum co-founder Vitalik's Twitter account was hacked on September 10th and phishing links were posted. According to ZachXBT, the hacker stole about $691,000 in total.
BANANA went to zero after being online for one and a half hours. The official team will issue a new coin and promise to compensate those who suffered losses.
Due to "unfixable errors" in the original tax contract, the officials have decided to liquidate the LP pool and issue a new coin, promising to compensate all losses incurred by the affected parties.
Coinbase Prime launches Web3 wallet for institutional and corporate clients
According to official sources, Coinbase has announced that its institutional brokerage platform, Coinbase Prime, has launched an institutional-grade Web3 wallet. Institutional and corporate clients can use the MPC technology of this non-custodial wallet to store any tokens from supported networks (including assets not yet offered on Prime Custody), instantly access funds, interact directly with dApps and smart contracts, trade large amounts of assets using decentralized liquidity, vote on DAO governance, lend assets or equity, directly access DeFi, buy/sell/mint/manage NFT collections, and manage Web3 social accounts.
PayPal launches cryptocurrency to USD exchange serviceAccording to official sources, PayPal has launched a cryptocurrency exchange service for converting cryptocurrencies to US dollars. By integrating On and Off Ramps, customers can buy and sell supported cryptocurrencies in the United States (subject to applicable state laws), convert cryptocurrencies directly into US dollars, and transfer them to their PayPal balance for normal use in shopping or transferring to a bank account. This service is supported on wallets, DApps, NFT markets, and MetaMask.
Squid launches direct token exchange function across Cosmos and EVM blockchains
DeFi liquidity protocol Squid announced the launch of direct token exchange between Cosmos and EVM blockchains. Currently, cross-chain token exchange has been implemented between 48 Cosmos chains and 14 EVM chains.
OP circulating market value has surpassed ARB
According to CoinGecko data, the circulating market value of Optimism's governance token OP has surpassed that of Arbitrum's governance token ARB. As of the time of writing, the market value of OP ranks 41st in the cryptocurrency market, while the market value of ARB ranks 42nd. According to market data, OP is currently trading at $1.264 with a 24-hour increase of 0.96%. ARB is currently trading at $0.77 with a 24-hour decrease of 8.49%.
Coinbase Cloud has integrated Kiln's on-chain staking protocol.
According to The Block, Coinbase Cloud has integrated the Kiln on-chain staking protocol to offer native ETH staking below the standard minimum requirement (usually, a minimum of 32 ETH is required for native ETH staking). This integration will allow Coinbase wallet users to stake smaller amounts of ETH directly from their crypto wallets.ZachXBT: Legal defense fund refund contract is now online and will be open for 365 days
The on-chain detective ZachXBT posted on social media that the contract for refunding legal defense funds has gone live, and will be open to all donors on Ethereum, Arbitrum, and zkSync in the next 365 days. BlockBeats previously reported that after Huang Licheng withdrew his defamation lawsuit against ZachXBT, the latter plans to refund all unused legal defense funds.
According to The Block, the bankrupt cryptocurrency lending platform Celsius has hired former executives from Algorand, WeWork, and Credit Suisse to join its new board of directors. Steve Kokinos, former CEO of Algorand, has been appointed as the future CEO of the company that will operate Celsius. The new board members include executives from WeWork, Credit Suisse, and UBS, as well as two members from Celsius' creditor committee. According to court documents filed on Saturday, eight out of nine board members have been appointed to the unnamed Delaware company's board of directors, which is currently referred to as "NewCo".
Cryptocurrency custody provider Fireblocks launches non-custodial wallet service
According to CoinDesk, cryptocurrency custody technology provider Fireblocks has launched a non-custodial wallet service. Fireblocks stated that this move will allow large fintech companies to no longer act as custodians and make it easier for their end users to access DeFi and other Web3 applications.固定利率借贷协议 Notional V3 内测版将于 9 月 25 日推出
Translation:Fixed Rate Lending Agreement Notional V3 Beta will be launched on September 25th
According to the official announcement, the Notional V3 fixed-rate loan agreement beta version will be launched on Arbitrum on September 25th. BlockBeats previously reported that the Notional V3 beta version will feature a yield competition. Invited testers will have the opportunity to win rewards including NFTs and a total of 30,000 NOTE. The competition will begin upon the release of the beta version and will last for one month.Safe launches modular account abstraction stack on Polygon zkEVM
According to CoinDesk, digital asset management platform Safe has launched a modular account abstraction stack on Polygon zkEVM. The Safe team stated that developers on Polygon zkEVM can now utilize the stack using the Safe {Core} SDK.HC Wainwright rates Bitdeer (NASDAQ: BTDR) as a buy with a target price of $20
H.C. Wainwright & Co. has rated the stock of Bitdeer (NASDAQ: BTDR), a cryptocurrency mining company, as a buy, with analyst Mike Colonnese setting a target price of $20. HC Wainwright, founded in 1868, is a full-service investment bank committed to providing investment banking, equity research, sales and trading, as well as corporate access and strategic consulting services. Previously, Bitdeer had received increased holdings from multiple institutional investors, with IDG and VanEck both increasing their stakes in the company, according to public information from the US SEC.
FTX
Messari: The market can absorb most of the sell-off of high-liquidity assets such as BTC by FTX
The encryption research institution Messari stated in a post that FTX's liquidation holders hold approximately $1.3 billion in liquid encrypted assets (excluding stablecoins). The figures are not the absolute value of the held tokens, but rather their active trading volume relative to each asset. For example, FTX/Alameda's BTC holdings ($353 million) account for about 1% of BTC's weekly trading volume, which means that the market can absorb most of the sell-off, and the same goes for ETH. However, for low-liquidity assets such as DOGE, TRX, and MATIC, FTX's holdings account for 6-12% of the weekly trading volume, which may have a greater impact on the market.
According to Fortune magazine, a stakeholder brief states that since May 2023, FTX has contacted over 75 bidders to evaluate the possibility of relaunching its trading platform. According to the filing, the bid deadline for FTX 2.0 is September 24. The process aims to consider different potential structures, including acquisitions, mergers, capital restructuring, or other transactions, to relaunch FTX.com or FTX US trading platform.
FTX Position Update: SOL has the largest share, followed by BTC, ETH, APT, XRP, BIT, etc.
FTX creditor @sunil_trades released an updated FTX shareholder report on social media on September 11, stating that as of August 31, FTX (including FTX.com, FTX.US, Alameda) held approximately $3.4 billion worth of cryptocurrency assets based on market prices. In order of position value, they are: 1. SOL, with a position value of approximately $1.162 billion; 2. BTC, with a position value of approximately $560 million; 3. ETH, with a position value of approximately $192 million; 4. APT, with a position value of approximately $137 million; 5. USDT, with a position value of approximately $120 million; 6. XRP, with a position value of approximately $119 million; 7. BIT, with a position value of approximately $49 million; 8. STG, with a position value of approximately $46 million; 9. WBTC, with a position value of approximately $41 million; 10. WETH, with a position value of approximately $37 million. The top 10 currencies account for 72% of FTX's total cryptocurrency holdings, with the remaining 28% held in over 400 other tokens.
Regulation
Thai cybercrime investigation bureau arrests 5 suspects in cryptocurrency investment platform fraud case, involving over 27 million US dollarsAccording to Cointelegraph, the Thailand Cybercrime Investigation Bureau (CCIB) has arrested five foreign nationals in connection with a fraudulent cryptocurrency investment platform. The platform has defrauded over 3,200 local investors of more than $27 million. The US Department of Homeland Security Investigations and other international law enforcement agencies were also involved in the case.
SBF cites poor prison network conditions in second motion for pre-trial release
According to Cointelegraph, FTX founder SBF's lawyer has submitted a second motion for pre-trial release on the grounds of poor internet conditions in prison. SBF's legal team stated that the poor internet conditions have hindered their defense preparation work, resulting in wasted time, and the official promise to allow SBF to use a laptop between 8am and 7pm on weekdays has not been fulfilled.
According to The Block, the Bank for International Settlements (BIS) has launched an initiative calling for sustainable financial solutions using blockchain, artificial intelligence, and the Internet of Things. The initiative outlines three key issues to be addressed, including the application of artificial intelligence to strengthen reporting, verification, and disclosure mechanisms in the financial services industry; the potential of blockchain technology in auditing and enhancing transparency, traceability, and accountability in sustainable finance; and the encouragement of integrating IoT and sensor technology into sustainable finance to ensure wise assessment of impact, risk, or compliance.
B2BinPay adds support for TUSD as merchant settlement currencyAccording to an official announcement, B2BinPay, a cryptocurrency processing and blockchain enterprise wallet provider, has added support for TUSD as a merchant settlement currency. The supported networks include Ethereum mainnet, TRON, and BSC.
According to the Snapshot page, the Arbitrum community has initiated a proposal to distribute 75 million ARB tokens to incentivize active protocols in the Arbitrum ecosystem. The plan aims to meet short-term community needs by allocating ARB tokens owned by DAO to incentivize projects, while ensuring transparent consensus and distribution methods. The plan spans two rounds of voting and provides incentives to eligible projects, with the goal of providing funding for incentive measures by January 31, 2024. The vote will end on September 18 at 11:58.
Bitget launches comprehensive online cryptocurrency security education courses
With the continuous development of the encryption industry, persistent security education is crucial. Bitget has launched a comprehensive online course on encryption security education today. The comprehensive learning course is organized on a weekly basis and will provide complete educational resources within six weeks. Participants can freely choose an appropriate learning pace and verify their learning results through short quizzes. The learning course will have the opportunity to share a $1000 scholarship, and those who complete all the courses will receive the Blockchain4Youth certificate issued by Bitget.
Funding
Bitget has established a $100 million fund to support the development of its ecosystem.
BlockBeats News, September 12th, according to Coindesk, cryptocurrency trading platform Bitget announced the establishment of a $100 million fund to provide funding for the development of its ecosystem through investment in trading platforms, data analysis companies, and media organizations. The aim is to "broaden its business vision" by creating a trading ecosystem that includes investment, research, decentralized finance (DeFi), media, and other functions.
Web3 gaming studio GamePhilos completes $8 million seed round, led by Xterio
According to Venturebeat, Web3 game studio GamePhilos has completed an $8 million seed round of financing, led by Xterio, Animoca Ventures, SevenX Venture, and Chain Hill Capital, with participation from Hashkey Capital, Sanctor Capital, Game7, Bas1s, GSR, and GSG Ventures. GamePhilos plans to use the funds to develop a free mobile/PC strategy game called "Age of Dino," which will be built on the Xterio Foundation platform.
Mountain Protocol has completed seed round financing, led by Nic Carter.
According to The Block, Mountain Protocol, the issuer of the USD stablecoin, has announced the completion of its seed round of financing. Nic Carter, co-founder of Castle Island Ventures, led the investment, with participation from Coinbase Ventures, Nansen CEO Alex Svanevik, New Form Capital, Daedalus, and OpenZeppelin CEO Demi Brener. Mountain Protocol has launched a stablecoin called USDM, which generates income and received a digital asset issuance license from the Bermuda Monetary Authority on July 27th.
According to TechCrunch, MPC solution provider 0xPass has completed a $1.8 million Pre-Seed round of financing, with participation from AllianceDAO, Soma Capital, Alchemy Ventures, Blockchain Builders Fund, Formulate Ventures, Kommune, Hashed EM, Signum Capital/UOB, Nonce Classic, and angel investors Balaji Srinivasan (former CTO of Coinbase) and Cory Levy of Z Fellows. It is reported that 0xPass, incubated in the Stanford Blockchain Club, allows developers to build multiple authentication methods in non-custodial wallets, based on MPC algorithms, and allows key shares to be distributed only among network nodes.
Data
In the past 24 hours, the total liquidation amount across the entire network was $167 million USD.According to Coinglass data, the entire network has liquidated $167 million in the past 24 hours, with long positions accounting for $150 million. Bitcoin liquidations amounted to $77.569 million, while Ethereum liquidations amounted to $33.819 million.
Cyvers Alerts: eXch platform has suspicious asset transfer, losses may reach $1.7 million
According to Cyvers Alerts data, suspicious asset transfers have been detected on the cryptocurrency trading platform eXch. An address starting with 0x502 received $1.7 million worth of cryptocurrency from the platform's hot wallet address, of which 47,600 DAI were immediately exchanged for ETH to avoid freezing.According to Lookonchain data, Vitalik Buterin's related address transferred 2000 ETH to the address starting with 0x5567 again this morning, worth approximately $3.12 million. It is reported that in the past month, Vitalik's related address has accumulated 2700 ETH worth approximately $4.77 million through the address starting with 0x5567 and transferred it to Bitstamp.
According to research data released on Monday by Fineqia International analyst Matteo Greco, the average weekly trading volume of centralized trading platforms in recent weeks (September 4th to 10th) is about $9 billion, the lowest level since the end of 2020. In addition, the total trading volume of mainstream decentralized trading platforms in August reached $22 billion, also the lowest monthly trading volume since December 2020. It is worth noting that the report also pointed out that currently, long-term holders hold about 75% of the total Bitcoin supply, and short-term holders only hold 2.5 million BTC, which is also the lowest level since 2011.
According to data from Arkham Intelligence, asset management company Abraxas Capital transferred 14,130 ETH (approximately $22.5 million) to Bitfinex at 21:00 yesterday. In addition, Jump Trading transferred 236 BTC (approximately $5.9 million) to Binance at 1:00 today.
The gas fee of Ethereum network has exceeded 300 gwei.
The gas fee on the Ethereum network has exceeded 300 gwei, possibly due to the listing of the BANANA token.
A certain whale is selling ARB to repay the debt generated by longing ARB on Aave
According to Lookonchain monitoring, a whale who is long on ARB in Aave is selling ARB to repay debt. In the past 5 hours, the whale has withdrawn 5 million ARB (approximately 3.85 million USD) from Aave and deposited 3.8 million ARB (approximately 2.93 million USD) into Binance. The whale's address still holds 8 million ARB (approximately 6.16 million USD).
Justin Sun transferred 10.03 million USDT to Huobi
According to on-chain analyst Yu Jin's monitoring, Justin Sun's address transferred 10.03 million USDT to Huobi 15 minutes ago.CYBER short-term breakthrough $5.6, 24-hour increase of 11.28%According to market data, CYBER has broken through $5.6 in a short period of time and is currently priced at $5.541, with a 24-hour increase of 11.28%.
Data: Ethereum has approximately $46.27 million in on-chain loan settlement near $1450
According to DefiLlama data, there is approximately $46.27 million in on-chain loan liquidation volume for Ethereum around $1450.Bitcoin falls to $25,000, down 2.86% in 24 hours
According to OKX market data, Bitcoin has dropped to $25,000 and is currently trading at $25,136.2, with a 24-hour decline of 2.86%.CoinShares: Net outflow of $59.3 million from digital asset investment products last week
According to a report by CoinShares, the total net outflow of funds for digital asset investment products last week was $59.3 million, marking the fourth consecutive week of net outflows. Among them, Bitcoin investment products saw a net outflow of $69 million, while Ethereum investment products saw a net outflow of $4.8 million. Investment products shorting Bitcoin saw a net inflow of $15.2 million, the largest weekly net inflow since March of this year.
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