WuBlockchain Weekly:Employment、Solana Exploit、HardFork and Top10 News
Colin Wu . 2022-08-05 . Data
Top10 News

1、 U.S. unemployment rate in July recorded 3.5%, non-farm payrolls increased by 528,000

U.S. announced that the unemployment rate in July recorded 3.5%, a new low since February 2020. The U.S. non-farm payrolls increased by 528,000 in July, the largest increase since February this year. After the release of the data, the probability of the Fed raising interest rates by 75 basis points in September increased to 62%.

2、Solana: Slope’s mobile app sends off mnemonics via TLS to their centralized Sentry server、One Developer Fakes 11 Fake Identities, Solana TVL Suspected of Faking Over 70%

This week, the Solana Ecowallet suffered a massive attack, with more than 9,000 wallets stolen and total losses of more than $4 million. Later blockchain auditor OtterSec confirmed that Slope's mobile app sends mnemonics over TLS to its centralized Sentry server, which then stores the mnemonics in plaintext, meaning that anyone with access to Sentry has access to the user private key.

According to CoinDesk, Saber chief architect Ian Macalinao previously wrote a TVL algorithm that double-counted billions of dollars multiple times within Solana's DeFi ecosystem, with Sabre and Sunny accounting for $7.5 billion at the peak of Solana's $10.5 billion TVL. Ian Macalinao has also created as many as 11 fake identities, including Sunny's developer Surya Khosla, Goki Rajesh, founder of the multi-signature wallet Goki, and 0xGhostchain, founder of the stablecoin project Cashio, among others.

3、Tether(USDT) plan to support(link) & Make FRAX stablecoins only redeemable on PoS ETH (link)

4、Co-Founder Yi He To Lead Binance’s $7.5B Venture Capital Arm  link

Binance co-founder Yi He has taken charge of the $7.5 billion venture capital division following the departure of Bill, an investment chief from JD.com. As described in Forbes in July, Yi He's areas of responsibility include Binance's investment incubator, the charity sector, marketing and customer service. She currently has nearly 2,000 employees reporting to her.

5、ZBExchange suspected of a hot wallet theft Hackers made about $4.8 million in profits  link

According to onchain monitor, it is suspected that one of the hot wallets of ZB was stolen. Currently, ZB has not officially issued a statement. However, according to the coincidence of the maintenance suspension announcement and the dynamic time point on the chain yesterday, it is highly likely to be stolen, and Etherscan browser also identifies the Hacker address as ZBExchange Hacker 1. According to PeckShield, the theft amounts to about $4.8 million, and the hackers have sold more than 20 tokens on DEX.

6、Tim Beiko: Goerli merge is scheduled to happen around August 10th

Tim Beiko said that if the Goerli testnet merge goes well, the team will set the initial TDD of the Ethereum mainnet merge during a conference call on August 11th. This TDD is then redetermined on August 18 based on subsequent confirmation such as the impact of DAG growth.

7、Justin Sun & Poloniex support the merge and potential hardfork

Justin Sun tweeted: "We (including Poloniex) currently have over 1 million ETH. If the Ethereum hard fork is successful, we will donate some of the forked ETHW to the ETHW community (ETH POW fork chain) and developers to build the Ethereum ecosystem "

Poloniex will support the upgrade and potential hard fork of ETH by launching ETHS for the POS chain and ETHW for the POW chain that will likely continue to exist

8、Coinbase selected by BlackRock; provide Aladdin clients access to crypto trading and custody via Coinbase Prime link

9、Nomad, the cross-chain protocol, has been hacked and may have lost over $200 million.

Nomad, the cross-chain protocol that just received a $22.4 million investment from Coinbase and others, has been hacked and lost over $200 million. Nomad's official fund recovery address has now recovered nearly $22 million in crypto assets, and Nomad says it will offer a reward of up to 10% to attackers who return at least 90% of the stolen funds.

10、Open interest in ETH options exceeds open interest in Bitcoin options for the first time in history & BITMEX Founder Arthur is bullish on the market in the short to medium term

On August 1, open interest in Deribit Ethereum options with a nominal value of $5.6 billion surpassed open interest in Bitcoin options for the first time in history, The notional value of open interest in bitcoin options is about $4.3 billion. BITMEX founder Arthur said in his latest post on August 5 that his model expects ethereum to be priced at $2,815 on March 31, 2023, so is willing to sell fiat currency and buy Ethereum, as well as can sell ETHW after the fork. He also said he had purchased Ethereum call options expiring in December 2022 with a strike price of $3,000.

 

Fundraising

  • Crypto Wallet Maker Ledger Seeks New Funding at Higher Valuation   link

  • NFT counterfeit detector MarqVision raises $20 million in Series A funding  link

  • Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle  link

  • Arnault-backed VC firm Aglaé Ventures to launch €100 million web3 fund  link

  • Messari Acquires Assets and Business of Dove Metrics to Expand Product Offerings  link

  • Former Palantir engineers raise $20M to simplify web3 tooling  link

  • Cosmos liquid staking protocol Stride raises $6.7 million within months of founding  link

Learn more, check out  DoveMetrics.

 

Insights

  • The Complete Guide to Rollups   link

  • Master of Anons: How a Crypto Developer Faked a DeFi Ecosystem link

  • 3AC, DCG & Amazing Coincidences link

  • Beginnings of a Bear Market Rally?  link

  • What is The Ethereum Merge and How Will it Affect You  link

  • H1 2022 Crypto Fundraising Report - Dove Metrics x Messari  link

  • Diving into the Aptos Network  link

  • ETHPoW vs ETH2  link

  • The different types of ZK-EVMs link

  • Vulnerabilities in Cross-chain Bridge Protocols Emerge as Top Security Risk link

 

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