headlines
Acala: The hacker attack was due to the misconfiguration of the iBTC/aUSD pool, and the transfer of related stolen assets has been prohibited
According to news from the community yesterday, Acala was hacked due to a vulnerability in the iBTC/aUSD pool, and the attacker currently holds more than 1.2 billion aUSD in his wallet. Acala tweeted that the hacker attack was due to the misconfiguration of the iBTC/aUSD liquidity pool, resulting in the wrong mining of a large amount of aUSD. This misconfiguration has been corrected, wallet addresses that received the misminted aUSD have been identified, and Acala is tracking on-chain activity on these addresses.
According to preliminary on-chain tracking, more than 99% of the wrongly minted aUSD is still on the Acala parallel chain, being exchanged for ACA or other Tokens. Before the collective governance of the Acala community decides how to resolve the wrong minting, the transfer of these wrongly minted aUSD and its exchange tokens remaining on the Acala parachain will be prohibited.
Tornado Cash DAO shuts down as it can't fight the US and keep contributors safe
Odaily News A member of the Tornado Cash (TC) team said in an interview that the Tornado Cash DAO has been shut down because it "cannot compete with the United States" and contributors are afraid of being sued. “Multi-sig has shut down the DAO...prevention unless everything calms down.”
The Tornado Cash DAO multi-signature wallet was deleted, and the DAO funds have been returned to the governance contract. TC members claimed that "no one did anything wrong" and that the closure of the DAO was "to protect the safety of members to avoid legal problems" because the situation was "dangerous for all developers", even the Tornado Cash ecosystem The same goes for developers outside the system.
As previously reported, the man arrested by Dutch authorities was identified as Tornado Cash developer Alexey Pertsev. (Cryptoslate)
cryptocurrency
cryptocurrency
BTC broke through 25,000 USDT in the short term, and the 24H increase was 1.28%
Ouyi OKX market shows that BTC broke through 25,000 USDT in a short-term yesterday, reaching a peak of 25,035.3 USDT; it is now reported at 24,927 USDT, an increase of 1.28% in 24H.
Data: In the past 7 days, the circulating supply of USDT has increased by about 800 million US dollars
Odaily News According to CoinMarketCap data, in the past week, the USDT circulating supply increased by about 800 million US dollars, and the USDC circulating supply decreased by about 700 million US dollars. The current circulating supply of USDT is about 67.28 billion U.S. dollars, and the circulating supply of USDC is about 53.6 billion U.S. dollars.
The Uniswap front-end has begun to block addresses that receive Tornado small transfers
Odaily News According to community news, the Uniswap front-end has now begun to ban addresses that have received transfer pollution from Tornado Cash-related addresses. The content of the prompt shows that "the address is blocked by the Uniswap Labs interface because the address is related to one or more prohibited activities." In addition, Uniswap has also provided a complaint channel.
Aave tweeted that after the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) included Tornado Cash on the Sanctions List (SDN), the Aave team urgently integrated the API of the blockchain intelligence company TRM Labs on the front end of IPFS to screen and block transactions with victims The sanctioned Tornado Cash contract has interactive addresses.
Monero Has Completed Hard Fork Upgrade
Monero Has Completed Hard Fork Upgrade
Open source privacy project Monero (XMR) has completed a hard fork upgrade aimed at enhancing the network with a series of new privacy protection features.
It is reported that the main updates of this upgrade include: for each transaction, the number of signers of the ring signature will increase from 11 to 16; the original algorithm is upgraded to Bulletproofs+, the new algorithm reduces the transaction size and improves the transaction speed, and the overall performance is expected to be Increase by 5%-7%; at the same time, the wallet synchronization speed is increased by 30%-40%, reducing fee fluctuations and improving overall network security; adding key security patches, and improving the multi-signature function. (CoinDesk)
Data: ETH options open interest hits record high
According to data from The Block, the open interest of ETH options reached 8.11 billion US dollars on August 12, almost three times that of a month ago, and has hit a record high. According to hedge fund Ledger Prime, the surge in ETH options open interest appears to be related to the emergence of new, more complex strategies. Meanwhile, open interest in bitcoin options has been decreasing for months and is currently around $5.5 billion. (The Block)
BurnBNB: 111,300 BNB have been destroyed so far
BurnBNB tweeted that 111,300 BNB (worth $45,132,350) have been destroyed since the BEP-95 real-time destruction upgrade.
Decentraland (MANA) became the top 10 tokens of the top 100 Ethereum whales in 24H trading volume
According to WhaleStats data, Decentraland (MANA) has become one of the top ten tokens in the 24-hour trading volume of the top 100 Ethereum whale wallets.
According to official data, from August 5th to August 12th, Circle issued a total of 1 billion USDC, redeemed 1.5 billion USDC, and USDC circulation decreased by 500 million USD. As of August 12, the total circulation of USDC was 53.8 billion US dollars, and the reserve was 54 billion US dollars, including 11.5 billion US dollars in cash and 42.5 billion US dollars in short-term US treasury bonds.
GameFi and NFTs
GameFi and NFTs
NFT Pass casting platform PREMINT recently tweeted that in order to ensure the safety of collectors, all project creators are now required to perform KYC before providing a whitelist to the Collector Pass community. Currently testing how this regulation is implemented, KYC certification requirements may be extended to all projects in the future.
Investment and Financing
Investment and Financing
Payment technology company Finix recently announced a $30 million funding round, with participation from The General Partnership (TheGP), Franklin Templeton, American Express Ventures, Acrew Capital, Bain Capital Ventures, Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital and Lightspeed Venture Partners . The company has raised a total of $133 million to date. In the coming months, Finix plans to introduce technology-driven innovative features to facilitate the development of the payment management software platform. So far, the company has completed payments worth billions of dollars. (Finance Magnates)
HALO Receives Million Dollar Capital Increase from Ninth City and K24 Ventures
Recently, HALO OFFICIAL received a million-dollar capital increase from game company Ninth City and encrypted digital investment institution K24 Venture. The Ninth City was listed on Nasdaq in 2004, and its representative works include World of Warcraft and FIFA2. It is reported that the 3D modeling team of HALO OFFICIAL comes from Disney and Marvel to create a Web3.0 visual DID with 3D virtual human images, which can manipulate the virtual human NFT to interact in streaming media. The HALO OFFICIAL male NFT series will be released on the Binance NFT platform via Launchpad on August 15th, with a quantity of 900 pieces and a unit price of 3200 busd. The current floor price is 4465 busd, a 24-hour floor price increase of 32.22%.
global regulation
global regulation
Iran Allows Mined Bitcoins to Pay for International Transactions
According to a tweet by bitcoin analyst Bitcoin Archive, Iran allows mined bitcoins to be used to pay for international transactions, but bans bitcoin transactions and domestic payments.
Bank of America analyst: If the labor market report is strong again, it will be difficult for the Fed not to raise interest rates by 75 basis points in September
Odaily News After two weeks of turmoil on Wall Street, the Federal Reserve is about to release the minutes of its July monetary policy meeting, which may provide some clues to help investors understand what factors may prompt the central bank to tighten again in September.
Michael Gapen, an analyst at Bank of America, said that from a cost-benefit analysis, if the Fed is inclined to raise interest rates slightly, the inflation data may help it, but if the labor market report is strong again, it may be difficult for the Fed not to raise interest rates by 75 basis points. (Golden Ten)
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character * voice
Research: Ethereum Is Regaining Its Market Cap Dominance Over Stablecoins
One of the easiest ways for investors to deleverage their positions is to switch to stablecoins. Unlike algorithmic stablecoins, centralized stablecoins are resistant to volatility and remain pegged even under the most violent market conditions.
In early June, the total market value of USDT, USDC, DAI, and BUSD exceeded the market value of Ethereum for the first time. However, recent news about Ethereum mergers has pushed ETH prices higher. Ethereum's price recovery has restored its dominance over the stablecoin, whose market cap is now just over $243 billion.
