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Daily Legal News | Metamask earned $1.23 million in transaction fees in the past month; Beluga Protocol on Arbitrum suffered an attack and lost 108.9 ETH.

Read this article in 13 Minutes
October 12th Cryptocurrency Industry Important News Overview, GN!

Selected News:

1. THORSwap has resumed trading and updated its terms of service, resulting in significant increases in related tokens.

2. G20 leaders issued a joint statement and unanimously approved the roadmap for cryptocurrency regulation.

3. Beluga Protocol on Arbitrum was attacked, resulting in a loss of 108.9 ETH;

4. Shield: Rug Pull occurred on the BIGTIME token with the same name on BNBChain;

5. Metamask has generated a transaction fee revenue of 1.23 million USD in the past month, with approximately 60% coming from Symbolic Capital.


Project Updates


THORSwap resumes trading and updates its terms of service, resulting in significant increases in related tokens.

THORSwap, a cross-chain DEX aggregator based on THORChain, announced that the platform has resumed trading with additional security measures to prevent illegal funds from entering and ensure compliance. In addition, THORSwap has updated its terms of service to block users from countries sanctioned by the United States. Last week, THORSwap suspended trading due to allegations of illegal funds flowing through the platform related to the 2022 November FTX vulnerability.


Flare Network announced the destruction of 2.1 billion FLR tokens to support ecological development.

According to CoinDesk, Flare Network announced that it will destroy 2.1 billion FLR tokens to support the healthy development of the ecosystem. Among them, 198 million FLR will be immediately destroyed, and then 66 million FLR will be destroyed every month until January 2026.


Merit Circle: MC tokens with over 35% of total supply have been burned

The gaming guild Merit Circle has announced that it has destroyed 368,707,273 MC tokens, accounting for over 35% of the total supply.


G20 leaders issued a joint statement, unanimously approving the roadmap for cryptocurrency regulation.

According to Cryptonews, G20 finance ministers and central bank governors issued a joint statement in Marrakech, Morocco, announcing unanimous approval of a comprehensive roadmap for regulating cryptocurrencies. The roadmap aims to enhance global financial stability and ensure effective management of cryptocurrencies within the international economic framework.


Binance has added NTRN assets to its leveraged trading and opened NTRN full-position and isolated-position leveraged trading pairs.

According to an official announcement, Binance has added NTRN assets to its leverage trading and opened NTRN cross and isolated margin trading pairs.



Arbitrum 50 million ARB short-term incentive plan voting ends: 29 projects including Camelot, Jones, and GMX win

The first round of voting for the Short-Term Incentive Program (STIP) launched by Arbitrum has been completed. Out of the 97 proposals submitted, 29 projects will be eligible to participate in this incentive program according to Arbitrum's rules. These projects include Camelot, Jones, Dopex, GMX, Galxe, LODESTAR, Socket, Timeswap, RADIANT, Pendle, MUX, Frax, Tally, Rysk, Silo, Stella, Good, Gamma, Umami, Abracadabra, KyberSwap, OpenOcean, Angle, Trader, Dolomite, Premia, Vertex, Perennial, and Balancer.


Related reading: "Latest development: Arbitrum's 50 million ARB short-term incentive plan voting has ended, with 29 projects including Camelot, Jones, and GMX winning."


friend.tech "Keys" price ranking: Crypto KOL Vombatus ranks first with 8.372 ETH

friend.tech "Keys" price ranking list latest data shows:

· Cryptocurrency KOL Vombatus ranks first with 8.372 ETH;

· Crypto KOL CBB0FE ranks second with 5.588 ETH;

· Cryptocurrency KOL Levi ranks third with 4.935 ETH;

· Cryptocurrency KOL dingaling ranks fourth with 4.128 ETH;

· Crypto KOL Herro ranks fifth with 4.064 ETH.



Arbitrum 上 Beluga Protocol 遭遇攻击,损失 108.9 ETH

Translation:

Beluga Protocol on Arbitrum suffered an attack, resulting in a loss of 108.9 ETH

According to the monitoring of Paidun, the DeFi protocol Beluga Protocol on Arbitrum has been under continuous attack, with a total loss of 108.9 ETH (approximately 168,000 USD). The initial funding of the attacker's address came from 0.1 ETH of OKX.


派盾:BNBChain 上 BIGTIME 同名代币发生 Rug Pull Translation:

Shield: Rug Pull occurred on BIGTIME token with the same name on BNBChain














Greeks.live reports that BTC continues to maintain its market-leading position, with BTC options open interest increasing by nearly 70% this week. Among them, the put options account for 60% of the total, which is relatively rare, while ETH continues to be sluggish. The IV of all major maturities is still at historical lows, with no signs of rebound, and with the recent continuous deterioration of liquidity, a major market trend seems to be approaching.


Metamask's transaction fee revenue reached $1.23 million in the past month, with approximately 60% coming from Symbolic Capital.

According to Scopescan, Symbolic Capital has made 2 transactions through Metamask in the past 2 hours, with a total amount of 4.15 million US dollars, contributing 34,000 US dollars in transaction fee revenue to Metamask (fee rate of 0.875%). In the past month, Metamask has earned 1.23 million US dollars in transaction fee revenue, of which approximately 740,000 US dollars (about 60%) came from Symbolic Capital.


A whale that was long on assets such as WBTC and ETH on Aave has started selling WBTC to repay debts, and is currently at risk of liquidation.

According to Lookonchain's monitoring, a certain whale is long on WBTC, ETH, LINK, UNI, and MKR on Aave, and has started selling WBTC to repay debts. The whale has deposited $11 million in assets on Aave and lent out $8.45 million in stablecoins. Currently, the health rate is 1.08, approaching the risk of liquidation.


A whale transferred 990,000 WLD to OKX, worth about $1.44 million.

According to Scopescan monitoring, a whale extracted 990,000 WLD (1.44 million USD) from Optimism Bridge and transferred it to OKX. In the past 35 days, the whale has transferred 5.94 million WLD (8.6 million USD) to OKX and conducts transfers every week.


0xfF3 starting address has transferred a total of 4.15 million ARKM to Wintermute Binance deposit address in the past 7 days, worth approximately 1.39 million US dollars.

According to the on-chain data analyst Yu Jin's monitoring, the Arkham Ecosystem & Community Incentives wallet transferred 25.73 million ARKM (8.6 million USD) to an address starting with 0xfF3 7 days ago. The address starting with 0xfF3 transferred a total of 4.15 million ARKM (1.39 million USD) to the Wintermute Binance deposit address in the past 7 days.


BLZ's third largest retail address deposited 14.756 million BLZ into BinanceAccording to Spot On Chain monitoring, the third largest BLZ holder with address 0xE8F deposited the remaining 14.756 million BLZ into Binance 20 minutes ago at an average price of $0.117 (approximately $1.73 million).




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