smart contracts

On March 13, according to the monitoring of 0xScope Protocol, some projects and the address of whales were affected in the Euler Finance attack, including: Interpretation of this information: The message above describes an attack on Euler Finance that occurred on March 13. The monitoring of 0xScope Protocol detected that some projects and the addresses of whales were affected. Euler Finance is a decentralized finance (DeFi) platform that uses smart contracts to automate transactions and calculations. The attack likely targeted the platform’s smart contract, resulting in the loss of funds…

On March 13, the security company BlockSec released data on social media, saying that Euler Finance suffered about 197 million dollars in the hacker flash loan attack, including 8877507.35 DAI, 849.14 WBTC, 34413863.42 USDC and 85818.26 stETH. Interpretation of this information: The message states that Euler Finance, a financial platform, has fallen prey to a flash loan attack. Flash loans are a type of uncollateralized loan that borrowers take out in a single transaction and must repay it in the same transaction. Essentially, a hacker can borrow a significant amount…

It is reported that Hedera’s official Twitter announced that the network agent on the main network has been closed. The core team is solving the abnormal problem of smart contracts. Once resolved, the proxy server will be re-enabled. During this period, Hedera network services will not be accessible, including wallets, decentralized and centralized exchanges, decentralized applications, etc. Interpretation of this information: The message from Hedera’s official Twitter account informs us that the network agent on their main network has been temporarily disabled. The reason for this is the abnormal problem…

On March 10, the DeFi project SaucerSwap on Hedera tweeted that a persistent vulnerability had attacked the Hedera network. The target of the vulnerability was the decompilation process in the smart contract. An attacker has attacked the Pangolin and HeliSwap pools containing wrapped assets. It is uncertain whether other HTS tokens are also risky. There is no report about the theft of SaucerSwap users’ funds at present, but as a preventive measure, we encourage everyone to withdraw their working capital immediately. Interpretation of this information: On March 10, SaucerSwap on…

On March 10, Hedera officially tweeted that the core team was actively investigating the discovered abnormalities of smart contracts. The team is working with the DeFi team in the ecosystem to determine the causes and potential impacts. Interpretation of this information: Hedera, a blockchain-based platform, recently posted a message on their Twitter account stating that their core team is currently investigating the “abnormalities” found in smart contracts. They emphasized the importance of this investigation and its potential impact on the ecosystem. Smart contracts are digital self-executing contracts that are programmed…

It is reported that according to Zion Market Research, the global smart contract market size will be about 1.75 billion US dollars in 2022, and is expected to grow to about 9.85 billion US dollars by 2030, with a CAGR of about 24% between 2023 and 2030. Cryptocurrency plays a crucial role in the use of smart contracts. The blockchain developed by Ethereum is a decentralized open source blockchain, which is considered to be the most basic building block of applications related to decentralized finance (Defi). Interpretation of this information:…

According to the report, Feng Qiya, deputy to the National People’s Congress and chairman of Shanghai Xinxiang Investment Holding Co., Ltd., said in an exclusive interview with the reporter of Shanghai Securities News that “digital collections have broad development space, and also drive the rapid development of smart contracts, blockchain, virtual reality and other technologies.” Interpretation of this information: Feng Qiya, deputy to the National People’s Congress and chairman of Shanghai Xinxiang Investment Holding Co., Ltd., has stated that digital collections have a lot of growth potential and can help…

It is reported that DeFi insurance provider Nexus Mutual has paid about US $5 million in claims due to the bankruptcy of FTX and BlockFi, and is expected to pay another US $2 million. Nexus Mutual is a member-based service, accounting for about 70% of the locked funds of the encryption native insurance agreement. Interpretation of this information: The recent news of Nexus Mutual, an insurance provider for DeFi, paying out claims worth US $5 million due to the bankruptcy of FTX and BlockFi has caught the attention of many…

It is reported that Citi (C) said in a research report on Friday that despite the weakness of the stock market and the increase of regulatory activities in the United States in the past week, the cryptocurrency market remains resilient. The report said that the market value of the stable currency stabilized and declined after the collapse of FTX, while the proportion of ETH in smart contracts continued to rise. Interpretation of this information: Citi’s research report on Friday delivered a message of resilience in the cryptocurrency market despite recent…

According to the data of Dune Analytics on February 27, the total number of Arbitrum on-chain accounts has exceeded 3 million, reaching 3.04 million so far, of which the number of active accounts is 2.347 million, accounting for about 78.1%. In addition, at present, the total number of smart contracts created by Arbitrum has reached 1580279, and the total value of locks on the chain has reached $4.424 billion, of which the value of ETH locks is about $1.192 billion, accounting for about 27%. Interpretation of this information: The message…

It is reported that Towns, a Web3 social application, completed a round A financing of US $25.5 million, which was led by A16z crypto. The company said that the protocol is based on Ethereum and uses programmable smart contracts to control the management, privacy and roles in each town square. The community can build new clients and APIs on the protocol, and will be responsible for writing its own audit and monetization rules. Interpretation of this information: Towns is a Web3 social application that has reportedly raised $25.5 million in…

It is reported that the Web3 sports forecast market Overtime has been officially released to Arbitrum. Interpretation of this information: The sports forecast market Overtime has just been launched on Arbitrum, marking a significant milestone for the Web3 community. This news comes amid increasing demand for decentralized applications that can offer trustless and transparent prediction markets, especially for sports events. Overtime aims to provide an efficient and fair platform for sports enthusiasts to place their bets on various outcomes of games, tournaments, and leagues. Built on top of Ethereum, the…

On February 20, the decentralized domain name agreement SPACE ID announced that the “. arb” domain name pre-registration phase 2 had been launched online, and the pre-registration deadline was 14:00 UTC on February 25. The winner of the previous auction can now register the winning domain name, while others can register the remaining domain name. SPACE ID also said that SPACE ID 2.0 is now open to everyone. Interpretation of this information: The announcement from SPACE ID on February 20th brought news about the launch of the second pre-registration phase…