headlines

Cream Finance was attacked again and lost more than 130 million U.S. dollars, the third largest DeFi hacking incident

DeFi lending protocol Cream Finance was attacked again, losing more than $130 million. The stolen funds were mainly Cream LP tokens and other ERC-20 tokens. PeckShield discovered a large flash loan used to carry out this attack. According to blockchain records, $92 million was stolen to one address, $23 million was stolen to another address, and other funds were stolen. These funds are now transferred to different wallets. According to Rekt’s leaderboard, this was the third-largest DeFi hack of all time (although two other, larger hacks both saw their funds returned). It is reported that Cream Finance has been attacked by flash loans many times before, losing 37.5 million US dollars in February and another 18.8 million US dollars in August. (The Block)

digital currency

Altair Hard Fork Upgrade Activated on Ethereum Beacon Chain

digital currency

Altair Hard Fork Upgrade Activated on Ethereum Beacon Chain

The Ethereum beacon chain has activated the Altair hard fork upgrade at Epoch 74240. Additionally, Eth2 Nodewatch data shows that 17.5% of nodes are still out of sync.

Cobo will stop providing all App products and services to users in mainland China from October 31

ETF Issuer Direxion Files to Launch ETF to Short Bitcoin Futures

Blockchain industry

ETF issuer Direxion filed to launch an ETF that shorts bitcoin futures — the “Direxion Bitcoin Strategy Bear ETF,” according to a filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday. The ETF will maintain exposure to short positions in bitcoin futures contracts issued by the CME exchange. The product does not invest directly in Bitcoin. In addition, the ETF may invest in other bitcoin futures ETFs or money market funds, deposit accounts or short-term debt instruments. “The fund typically maintains its short exposure to bitcoin futures during periods of flat or declining bitcoin value and during periods of rising bitcoin value,” the filing said. (CoinDesk)

Venture capital giant Sequoia Capital has announced plans to register as an investment advisor with the U.S. Securities and Exchange Commission (SEC) in order to invest more in alternative assets such as cryptocurrencies. According to a statement from Sequoia partner Roelof Botha, the firm is working to form a fund that will be able to invest without an "artificial time frame." Botha described the traditional VC model as "obsolete." (U. Today)

Investment and Financing

Cosmos-based DEX Osmosis raises $21M in token sale led by Paradigm

Cosmos-based DEX Osmosis raises $21M in token sale led by Paradigm

Solana revenue aggregator Tulip raises $5 million led by Jump Capital and Alameda Research

Solana revenue aggregator Tulip raises $5 million led by Jump Capital and Alameda Research

Blockchain development platform QuickNode completes US$35 million Series A financing led by Tiger Global

Tulip Protocol (formerly known as SolFarm), a Solana ecological revenue aggregator, completed a strategic financing of US$5 million, led by Jump Capital and Alameda Research, with participation from Amber Group, Cadenza Ventures, Fisher8 Capital, CMS Holdings, Rarestone Capital, FinTech Collective and DV Chain . (CoinDesk)

Blockchain development platform QuickNode completes US$35 million Series A financing led by Tiger Global

Panda Capital Invests USD 5 Million to Establish a Special Fund for Game Tracks

Solana Ecological Lending Agreement Solend Completes $6.5 Million Financing, Coinbase Ventures and Others Participate

Solana Ecological Lending Agreement Solend Completes $6.5 Million Financing, Coinbase Ventures and Others Participate

global policy

According to official news, Solend, the Solana ecological lending agreement, has completed $6.5 million in financing. Polychain, Dragonfly, Race, Coinbase Ventures, Solana Ventures, Alameda Research, Aave’s Stani, dYdX’s Antonio, Balaji Srinivasan, UMA’s Hart, 0xMaki, Ribbon’s Julian, DCFGod, Petrock, Epsilon Trading, etc. participated in the investment.

global policy

Indian Ministry of Finance officials: Encryption regulatory framework is expected to be introduced in February next year and will not completely ban cryptocurrencies

Slovenia’s Finance Ministry Is Seeking Public Comments on Draft Crypto Investment Taxation Bill

Character·Voice

According to local media N1, the Slovenian Ministry of Finance is seeking public comments on the draft cryptocurrency investment taxation bill. Almost a month after the Financial Authority of the Republic of Slovenia (FURS ) proposed a 10 percent tax on cryptocurrency activity, the Ministry of Finance intends to assess investor sentiment. If the Slovenian Income Tax Act is signed into law, the proposed bill would impose a 10 percent tax rate on every fiat-to-crypto conversion and cryptocurrency payment. However, the tax liability threshold will be set at €15,000 (~US$17,387) per year. Investors within the limit will be exempt from crypto taxes. (Cointelegraph)

Character·Voice