WuBlockchain Weekly：Acala & Celer Hacked、ETH Genesis Whale and Top10 News

Top10 News

1、Sepolia's post-merge upgrade expected around Aug 21st link

Sepolia's post-merge upgrade was scheduled for block 1735371. Due to some validators being offline, it's now expected around Aug 21st.

2、Acala hacked, aUSD depeg link

Polkadot-based decentralized finance (DeFi) platform Acala’s native stablecoin, aUSD, depegged on Sunday, plummeting 99% after hackers exploited a bug in a newly deployed liquidity pool to mint 1.28 billion tokens. Acala developers said the bug was caused by a misconfiguration of the iBTC/aUSD liquidity pool.

3、The HUSD/3Crv pool asset ratio was once unbalanced and the HUSD was depeged, but now returned to normal

On August 18, the HUSD/3Crv pool ratio was unbalanced, with 3Crv at 7.41% and HUSD at 92.59%, and the HUSD/USDT exchange rate at 0.9. Huobi said it was aware of liquidity issues with HUSD, a stablecoin issued by Stable Universal Limited and based on the ethereum network. Huobi has noted the liquidity issues of HUSD, a stablecoin issued by Stable Universal Limited and based on the Ethereum network. Huobi will work with the HUSD issuer to negotiate a solution to restore the stability of HUSD as soon as possible, and the exchange rate has basically returned to normal.

4、ETH Genesis ICO Whale transfers out 145,000 ETH for distribution to multi-wallets link

According to on-chain data monitoring, ETH Genesis ICO whale 0x4bAf012726CB5EC7Dda57Bc2770798A38100C44d is active again after nearly 3 years of dormancy, and has been distributing 145,000 ETH transfers out to multiple wallets in multiple address. The initial ETH source of the giant whale was participation in the ETH Genesis ICO, which got 150,000 ETH, of which 5,000 ETH was transferred to the Bitfinex3 exchange address on July 31, 2019 (ETH=$219).

5、ETHW Core has just released its initial version link

ETHW Core has just released its initial version. Main features such as: Disabled the difficulty bomb; EIP1559 changed: base fee to a multi-sig wallet co-managed by miners and the community; Adjusted the starting mining difficulty of ETHW

6、The public miners sold 6,200 bitcoins in July, and they remain in a difficult financial position
Arcane analyst Jaran Mellerud said public miners sold 6,200 bitcoins in July, less than half the number sold the previous month. Even after this drop, July was the second-highest month for public miners' BTC sales in 2022, suggesting they are still in a difficult financial position. They sold 158% of their bitcoin production in July, the third consecutive month in which they sold more BTC than they produced.

7、Second Layoff Round at Crypto.com Worse than June Cuts link
Multiple sources at Crypto.com tell Decrypt that this month's layoffs, beyond those announced in June, have been kept quiet but are “much bigger.”

8、Celer Network cross-chain bridge cBridge hit by DNS hijacking attack link
Celer Network's cross-chain bridge cBridge was hit by a DNS hijacking attack, but its protocol and smart contracts were not affected. Only a small percentage of users were affected by this incident and the team will fully compensate those affected during the incident. Celer has now restarted the cBridge front-end UI and is providing additional monitoring.

9、16 Cryptocurrency Exchanges Operating in South Korea Violated the Specified Financial Information Act link

According to news1.kr, the Financial Intelligence Unit (FIU) of the South Korean Financial Services Commission announced that 16 cryptocurrency exchanges operating in South Korea violated the Specified Financial Information Act but failed to report them to the government. The 16 exchanges are KuCoin, MEXC, Phemex, XT.com, Bitrue, ZB.com, Bitglobal, CoinW, CoinEX, AAX , ZoomEX , Poloniex, BTCEX, BTCEX, DigiFinex, and Pionex. Under current law, undeclared Virtual operators who fail to declare cannot operate, and unreported operations are punishable by up to five years in prison or a fine of up to KRW 50 million. In addition, you cannot declare as a domestic virtual asset operator for the next five years.

10、Tether Announces Alignment With Top Five Accounting Firm And Confirms Attestations Will Now Be Completed By BDO Italia link
Tether issued an announcement that in July 2022 it officially began working with BDO Italia, an Italian member firm of the BDO Global Organization, a top-five global independent public accounting firm, for its quarterly certifications. With this alignment, Tether also plans to move its quarterly reporting to monthly reporting.

Fundraising

SignalPlus Announces the Closing of Series-A Round Led by HashKey Capital link
bit Raises $13M Series A Funding to Build Cross-chain Decentralized Identity Protocol link
Snackclub gaming DAO is raising funds at a $100 million valuation link
Fractional Rebrands, Raises $20M to Expand Collective NFT Ownership link
Blockchain Protocol Algorand Leads $22M Investment Round in Tokenization Firm Koibanx link
Bill Ackman Among Investors as Venture Capital Crypto Firm Shima Capital Raises $200M Fund link
Web3 investment firm CoinFund launches $300 million fund link
Polygon leads investment in venture studio SuperLayer’s $25 million fund link
StarkNet-based game dev community MatchboxDAO raises $7.5 million link

Learn more, check out crypto-fundraising.info.

Insights

Arthur Hayes: ETH-flexive link
Top 100 Public Companies Investing in Blockchain & Crypto Companies link
The Crypto Geniuses Who Vaporized a Trillion Dollars link
Move With Sui link
A giga thread on all the NFT finance projects link
Digital Co-Ops link
Playlist V4 link
A Soft-ish Landing link

Topics

Will Ethereum face regulatory risks after the merger ? link
Aftermath: Tornado Cash's Sanctions link
Learn about the past and future of the merge link

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