According to BlockBeats, on September 3, according to HTX market data, Bitcoin fell below $58,000.
According to BlockBeats, on September 3, according to HTX market data, BNB briefly fell below $530 and is currently quoted at $530.3, with the 24-hour increase narrowed to 2.36%.
SOL fell below $130, down 2.47% in 24 hours
According to BlockBeats, on September 3, according to HTX market data, SOL fell below $130 and is currently quoted at $129.7, a 24-hour drop of 2.47%.
UXLINK briefly broke through $0.38, and the 24-hour increase expanded to 138.2%
According to BlockBeats, on September 3, according to HTX market data, UXLINK briefly broke through $0.38 and is currently quoted at $0.3527, with the 24-hour increase expanding to 138.2%.
BlockBeats previously reported that at 18:00 on September 3, according to an official announcement, Upbit will launch UXLINK and support Korean won, BTC and USDT trading pairs.
According to BlockBeats, on September 3, according to HTX market information, FLUX rose by more than 20% in a short period of time and is currently quoted at US$0.6828.
Earlier news, Binance Contract announced that it will launch FLUX 1-75 times USDT perpetual contract.
According to BlockBeats, on September 3, according to the official announcement, Upbit will launch UXLINK and support Korean won, BTC and USDT trading pairs.
Samsung Next invests in Sony’s blockchain Soneium development team Startale Labs
According to BlockBeats, on September 4, Samsung Next, the investment arm of Samsung, announced an investment in Startale Labs. Startale Labs has established a joint venture with Sony to jointly develop Sony’s blockchain Soneium.
Samsung Next is expanding its partnership with Startale Labs by participating in the Soneium Spark incubation program, a builder-centric program that fosters a community of visionary creators and innovators.
Samsung Next said Startale Labs is at the forefront of solving key challenges in the Web3 ecosystem by providing the necessary tools and infrastructure, such as Astar Network, Soneium, and Startale Cloud Services, which simplify the development and deployment of decentralized applications (dApps) and smart contracts.
Ethereum on-chain liquidations hit second highest level in history in August
According to BlockBeats, on September 4, the total liquidation amount of the Ethereum on-chain lending market in August reached US$436 million, of which Aave accounted for US$289 million, or about 66% of the total liquidation amount.
This is the second-highest monthly Ethereum on-chain lending market liquidation amount in history, only lower than May 2021, when the liquidation amount was approximately US$671 million.
The reason for these unusually high on-chain loan liquidations is obvious: the price of ETH fell 22% month-on-month in August, and even fell 35% month-on-month at its lowest point in the month. (The Block)
According to BlockBeats, on September 4, Andrew Chen, head of a16z Games Fund One, posted on social media, “We will invest $30 million in the next 30 days. In January 2025, I will co-host our new project in San Francisco with members of the a16z SPEEDRUN team. This project will include guest speakers, personalized coaching, and a lot of financial support.
Applications are now open and the deadline is September 30. a16z focuses on new startups that are just getting started, including B2B/infrastructure startups focusing on AI, 3D, game engines, etc., game studios focusing on Web3, VR, AI, Discord, etc.
Each selected startup will receive $750,000 in investment and 12 weeks of mentoring (from January 6 to March 21, 2024), including live talks, office hours, personalized coaching, and events.”
Pendle: All contract operations have been restored and transactions can proceed normally
According to BlockBeats, on September 4, according to official news, Pendle announced that all contract operations have been restored and transactions can now proceed normally.
The security breach was limited to Penpie, funds on Pendle are safe.
The Penpie team is working on a post-mortem report, which will be released soon to provide more details.
BlockBeats previously reported that the Penpie rewards protocol was attacked, resulting in a loss of approximately $27 million.
Pump.fun address sold over 100,000 SOL, equivalent to about 1.38 million US dollars
According to BlockBeats, on September 3, according to Lookonchain monitoring, Pump.fun Fee Account sold 10,300 SOLs about 1.38 million US dollars about an hour ago, and the selling price was 134.46 US dollars.
Pump.fun has currently sold 264,373 SOLs, equivalent to approximately US$41.64 million, with an average selling price of US$157.5.
According to BlockBeats, Justin Sun posted on his personal social media platform on September 3 that the Tron network has recently received feedback from the community about preemptive transactions. After investigation and research, it was found that the Tron network does not have a MEV mechanism. Overall, Tron is significantly ahead of Ethereum and Solana in preventing robots from preempting transactions, with an interception rate of about 98%.
1. Tron’s SR (Super Representative) nodes do not implement any MEV (Maximum Extractable Value) mechanism. No one can prioritize their own transactions on the chain through price manipulation, etc., nor can they manipulate blocks by rearranging, inserting or deleting transactions in blocks to obtain additional benefits.
2. After investigation, it was found that TRON super nodes did not accept bribes to facilitate front-running transactions. The official prohibition is to assist in front-running transactions in any form.
3. The so-called MEV transactions discovered by the community involved a large number of failure scenarios where bots were using probabilistic methods to exploit victims.
4. Front-running is a strategy that robots on every blockchain will adopt, and Tron is no exception. However, Tron’s design eliminates privilege mechanisms, such as giving priority to on-chain transaction senders. In addition, a decentralized voting system monitors SR behavior, greatly reducing the possibility of front-running and making the market fairer.
Scroll may announce important news soon
According to BlockBeats, on September 3, Ethereum L2 network Scroll released a 12-second animated video on the social platform, ending with the text “Scroll.Soon.”, which may imply that major news will be announced soon.
Earlier today, Scroll said on social media that the DarwinV2 mainnet upgrade has been successfully implemented. This upgrade solves the L2 block compression problem in the Curie upgrade by enabling uncompressed block data when needed.
Penpie Rewards Protocol Attacked, Losing About $27 Million
According to BlockBeats, on September 4, Web3 network security company Ancilia stated that Penpie suffered an attack on its reward protocol and lost about 27 million US dollars.
Nvidia’s decline widened to 8%, hitting a new low since August 13
According to BlockBeats, on September 3, Nvidia (NVDA.O) fell 8%, hitting a new low since August 13. (Jinshi)
Bitcoin computing power hit a record high today, breaking through 740 EH/s
According to BlockBeats, on September 3, according to BTC.com data, the Bitcoin network computing power once exceeded 740 EH/s today, reaching 742.76 EH/s, setting a new record high. It has now fallen back to 669.69 EH/s.
According to BlockBeats, on September 3, Intotheblock disclosed that the TRON network processed nearly 230 million transactions in August, an increase of 7.8% from July. This growth highlights the continued upward momentum of network activity.
Web3 security company Hypernative completes $16 million Series A financing, led by Quantstamp
According to BlockBeats, on September 3, Web3 security company Hypernative completed a $16 million Series A financing round. Another Web3 security company Quantstamp led this round of financing, and companies such as Bloccelerate VC, Boldstart Ventures, Borderless Capital, CMT Digital, IBI Tech Fund, and Re7 Capital also participated.
Hypernative offers a “real-time” risk monitoring platform designed to detect hacks before they happen, giving users time to take action before any damage is done. The company says its platform monitors on-chain and off-chain data, using artificial intelligence and machine learning tools to identify more than 200 risks, including smart contract hacks, bridge safety issues, and market manipulation.
U.S. SEC Commissioner Uyeda: SEC should create a “customized” S-1 form for digital asset securities
According to BlockBeats, on September 3, according to The Block, U.S. SEC Commissioner Mark Uyeda stated at the 2024 Korea Blockchain Week event held in Seoul, South Korea on Tuesday that the SEC needs to create a unique S-1 form for digital asset securities.
Uyeda used registered index-linked annuities to illustrate that the SEC’s standard registration form may not be suitable for certain financial products. He said the SEC should work with product sponsors to develop tailored registration requirements. The SEC cannot create a “dilemma” where sponsors of digital asset securities are required to register and provide irrelevant or unavailable disclosures.
According to BlockBeats, on September 4, according to Tokenterminal monitoring, Ethereum L2 transaction fees have dropped significantly in the past 6 months, and L2 daily transaction volume and monthly active users have doubled.
But the resulting “damage” caused Ethereum L1 revenue to drop by 99%.
According to BlockBeats, on September 3, the People’s Court Daily published an article entitled “The Judicial Disposal of Virtual Currency Must be Standardized”, which pointed out that the standardization of the judicial disposal of virtual currency is crucial to maintaining financial stability and promoting the healthy development of the market. According to statistics from the SAFEIS Security Research Institute, the total number of cases involving virtual currency crimes in China in 2023 was 428, a decrease of 88.9% from 2022, but the amount involved increased sharply to 430.719 billion yuan, about 12.36 times that of 2022.
The article emphasizes that the current disposal of virtual currencies faces multiple challenges such as ownership identification, value assessment and legal realization. To address these issues, it is recommended to issue comprehensive guidance on the judicial disposal of virtual currencies as soon as possible to clarify its legal status, compliance requirements, asset disposal procedures and legal responsibilities.
At the same time, the article calls for strengthening international cooperation to jointly respond to the global challenges brought by virtual currencies and lay a legal foundation for the development of the digital economy and digital finance.
According to BlockBeats, on September 3, DWF Labs partner Andrei Grachev tweeted that since memecoin issuance platforms such as Pump.fun and SunPump are mainly driven by retail, it is necessary to learn and prepare for new and promising product launches. Several other chains may also launch similar projects soon.
