HPQEV

Security team: Alphapo hot wallet was stolen due to leak of private key

hpqev@newsletter.paragraph.com (HPQEV) — Mon, 24 Jul 2023 00:55:13 GMT

23 million US dollars of funds were stolen from Alphapo's hot wallet, of which 5,700 ETH has been bridged to BTC, and 118.3 million TRX are located in the wallet address starting with TJF7m. Current evidence suggests that this incident was caused by a compromised private key, which would bring the total loss due to a compromised private key to $214 million in 2023.

Earlier today, it was reported that according to ZachXBT monitoring, the Alphapo hot wallet was stolen, and the stolen amount amounted to 23 million US dollars. Alphapo client HypeDrop has disabled withdrawals. The stolen funds were first cross-chained to Ethereum, and then cross-chained to the Avalanche and BTC networks.

ZachXBT: Alphapo hot wallet stolen, $23 million lost

hpqev@newsletter.paragraph.com (HPQEV) — Sun, 23 Jul 2023 09:54:06 GMT

Alphapo hot wallet stolen, $23 million lost. Alphapo client HypeDrop has disabled withdrawals. The stolen funds were first exchanged for ETH on Ethereum and then cross-chained to the Avalanche and BTC networks. Alphapo handles payments for many gaming services, such as HypeDrop, Bovada and Ignition. It is unclear how many bitcoins were stolen from Alphapo.

Arkham: The airdrop application has ended, there will be no second airdrop

hpqev@newsletter.paragraph.com (HPQEV) — Sun, 23 Jul 2023 00:15:53 GMT

The encrypted data platform Arkham tweeted that after the announcement this week, some spam accounts posing as Arkham appeared, claiming to offer a second airdrop. The airdrop claim has ended, and there will be no second airdrop. We are contacting Twitter to shut down these spam accounts. The official team reminds users to be more vigilant and only pay attention to verified account announcements.

Blockchain startup Super Block has raised $8 million

hpqev@newsletter.paragraph.com (HPQEV) — Sat, 22 Jul 2023 12:51:21 GMT

Superblock, the developer of the lightweight node protocol Over Protocol, raised a total of US$8 million through two rounds of financing. SK, Netmarble, DSC, E&Investment, Schmidt, SpringCamp, and NaverZ participated in the investment. According to previous news, in February this year, Superblock announced the completion of the 9 billion won (approximately US$7.22 million) Series A financing, with the participation of SK, Netmarble (Netmarble), DSC Investment, E & INVESTMENT, Schmidt and other large Korean companies and venture capital capital VC. It is reported that Superblock was founded in 2021, and Over Protocol is an L1 blockchain that provides lightweight full nodes.

Liquidity network Paradigm incubates a new application chain "Paradex" on Starknet

hpqev@newsletter.paragraph.com (HPQEV) — Sat, 22 Jul 2023 08:34:54 GMT

Cryptocurrency institutional liquidity platform (non-VC firm) Paradigm has incubated a decentralized perpetual derivatives application chain called "Paradex". It is designed based on Starknet's recently launched developer stack. Described as a hybrid derivatives exchange, the project will combine Paradigm’s liquidity with DeFi’s typical transparency and self-custody.

Terraform Labs seeks to subpoena FTX in defense of SEC lawsuit

hpqev@newsletter.paragraph.com (HPQEV) — Fri, 21 Jul 2023 10:12:13 GMT

Terraform Labs filed a motion Wednesday in the FTX bankruptcy case to subpoena nonpublic information from FTX’s international and U.S. exchanges about digital wallets used by short sellers between March and May of last year. It also requested information about the wallet used by Jump Trading, saying the SEC accused the company of working with Terraform to help prop up the prices of TerraUSD and Luna during the decoupling. The data, it said, will help Terraform Labs defend against fraud charges brought by the U.S. Securities and Exchange Commission (SEC). Lawyers for Terraform claimed that they could not be held responsible for the token’s failure, but instead blamed it on a coordinated attack by short sellers. Kwon and others have previously claimed that FTX’s sister trading firm, Alameda Research, was behind the operation (TerraUSD/Luna plunged to zero).

Worldcoin announced that it has completed the migration to the OP mainnet, and user migration has also begun

hpqev@newsletter.paragraph.com (HPQEV) — Fri, 21 Jul 2023 06:11:05 GMT

OpenAI CEO Sam Altman's encryption project Worldcoin announced that key parts of World ID and TFH's World App technology stack have completed the OP mainnet migration, and user migration has also begun. For World ID and World App users, migration completion means that the Worldcoin protocol has been migrated to Ethereum to support World ID and bridge Optimism and Polygon PoS; most Safe wallets have been deployed to OP mainnet, and the rest will be deployed on user-initiated migrations; World App now supports Uniswap on OP mainnet; World App has been updated to prompt users to start the migration process, which takes an average of 90 seconds.

NYDIG: Bitcoin Spot ETF Could Bring $30 Billion in New Demand

hpqev@newsletter.paragraph.com (HPQEV) — Fri, 21 Jul 2023 01:14:47 GMT

Bitcoin (BTC) spot exchange-traded funds (ETFs) could generate $30 billion in new demand for the world's largest digital asset, according to a recent research note from cryptocurrency trading firm NYDIG. NYDIG wrote in the report: “With the brand recognition of the BlackRock and iShares franchises, familiarity with securities broker buying and selling methods, and the simplicity of position reporting, risk measurement, and tax reporting, spot ETFs may offer some significant benefits over existing alternatives. Bitcoin is roughly 3.6 times more volatile than gold, meaning that on a comparable volatility basis, investors would need 3.6 times less Bitcoin than gold in U.S. dollar terms to gain the same amount of exposure. .Nevertheless, this would result in nearly $30 billion in increased demand for Bitcoin ETFs.”

It is reported that NYDIG manages $28.8 billion in bitcoin assets, including $27.6 billion in spot products.

SEC Chairman Requests $72M in Extra Budget to 'Protect Investors from Crypto Markets'

hpqev@newsletter.paragraph.com (HPQEV) — Thu, 20 Jul 2023 09:58:50 GMT

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler requested an additional $72 million in the agency's budget at a U.S. Senate Appropriations Committee hearing on Wednesday, saying the SEC must expand to protect investors from a world "ridden with irregularities." Impact on the crypto market. In his speech, Gensler stated: "We have seen the wild west of the crypto market, rife with irregularities and investors placing hard-earned assets in highly speculative asset classes. With enough funds to meet our mission , we can be a stronger voice for U.S. investors and issuers.” Data shared by Gensler in his speech shows that the SEC will employ 4,685 people in 2023, about half of which are focused on enforcement and review duties. The extra budget will help the agency add 170 positions.

Web3 Company Cosmic Wire Closes $30M Seed Round Led by Solana Foundation and Polygon

hpqev@newsletter.paragraph.com (HPQEV) — Thu, 20 Jul 2023 04:00:15 GMT

Cosmic Wire, a Web3 and blockchain solution technology company, completed a $30 million seed round of financing led by the Solana Foundation and Polygon. This round of financing will be used to promote Cosmic Wire's development of decentralized applications and expand the cross-chain technology of the Web3 ecosystem

Zero-knowledge proof company RISC Zero completes $40 million in Series A financing led by Blockchain Capital

hpqev@newsletter.paragraph.com (HPQEV) — Thu, 20 Jul 2023 01:05:05 GMT

RISC Zero, an infrastructure company designed to help developers develop zero-proof software, completed a $40 million Series A round led by Blockchain Capital, with participation from Galaxy Digital, IOSG, RockawayX, Maven 11, Fenbushi Capital, Delphi Digital, Algaé Ventures , IOBC, Tribute Labs' Zero Dao, and Alchemy. The funding will help RISC Zero bring its Bonsai computing platform to market.

RISC Zero will launch the Bonsai computing platform, a decentralized proof engine that allows developers to integrate zk proofs into their applications and chains for increased security.

K33 Research: Bitcoin ETP has inflowed 25,202 BTC in the past four weeks, reaching the highest level since June 2022

hpqev@newsletter.paragraph.com (HPQEV) — Wed, 19 Jul 2023 11:16:52 GMT

The latest data from K33 Research shows that the BTC-equivalent exposure of globally listed ETPs increased by 25,202 BTC ($757 million) to 196,824 BTC in the four weeks to July 16, the second highest monthly net exposure. Inflows, second only to inflows following ProShares' launch of futures-based ETFs in October 2021 and other futures-based ETFs, ETP bitcoin equivalent exposure is now at its highest level since June 2022.

Additionally, ProShares’ Bitcoin Strategy ETF (BITO) has hit a new all-time high for Bitcoin-equivalent exposure of 4,425 BTC. BITO provides investors with Bitcoin-related returns through regulated products and holds over $1 billion worth of CME Bitcoin futures.

Telegram raises $210M in bond offering, founders buy about a quarter

hpqev@newsletter.paragraph.com (HPQEV) — Wed, 19 Jul 2023 06:10:37 GMT

Telegram this week raised $210 million in a bond offering from investors including founder and CEO Pavel Durov. Among them, Pavel Durov bought about a quarter of the bonds, investing tens of millions of dollars in Telegram's growth. Pavel Durov said he spent hundreds of millions of dollars on the app over the past 10 years to keep it running.

Polychain Capital's fourth fund raises about $200 million in "first pass"

hpqev@newsletter.paragraph.com (HPQEV) — Wed, 19 Jul 2023 01:16:01 GMT

Venture capital firm Polychain Capital, which raised about $200 million in the "first close" of its fourth fund, still plans to raise about $400 million in total for the fourth fund. The new funding has brought about a reorganization of Polychain's small team of about 25 people, about 15 of whom are focused on research. As the company gears up for its fourth round of funding, three people on the research team were laid off while another was added, according to people familiar with the matter. As part of this personnel shakeup, general partner Niraj Pant also left to start his own project.

According to Pitchbook data, Polychain has raised three funds with an asset management scale of approximately $2.6 billion. In March last year, assets under management exceeded $6.6 billion.

Kraken's Share of U.S. Spot Volume Hits 18-Month High

hpqev@newsletter.paragraph.com (HPQEV) — Tue, 18 Jul 2023 09:17:25 GMT

Cryptocurrency exchange Kraken more than doubled its share of U.S. spot trading volume to an 18-month high. The growth coincides with increased interest in the Kraken Pro app, which allows users to spot trade, margin trade, and stake. From January to June 2023, the number of users of the platform increased fivefold. Additionally, Kraken’s market share of euro-supporting trading platforms has risen from 35 percent to just over 50 percent in the past 12 months, according to Kraken product director Shannon Kurtas.

Chainlink cross-chain interoperability protocol officially launched on multiple mainnets

hpqev@newsletter.paragraph.com (HPQEV) — Tue, 18 Jul 2023 08:04:26 GMT

Chainlink Cross-Chain Interoperability Protocol (CCIP) has officially launched on Avalanche, Ethereum, Optimism and Polygon mainnets. CCIP is currently in the "mainnet early access" phase and has been adopted by Synthetix and Aave. On July 20th, CCIP will be open to all developers on five testnets including Arbitrum Goerli, Avalanche Fuji, Ethereum Sepolia, Optimism Goerli, and Polygon Mumbai.

Barclays: XRP ruling a 'progressively positive' factor for Coinbase

hpqev@newsletter.paragraph.com (HPQEV) — Tue, 18 Jul 2023 01:51:40 GMT

Barclays said in a research note on Monday that the U.S. Southern District Court's ruling in part in favor of Ripple has a "progressively positive" effect on Coinbase. “Given that tokens may not be securities in some circumstances, we see this ruling as a progressively positive factor for Coinbase and may also provide more clarity for future token offerings,” the bank’s analysts wrote. Spend". They maintained their rating on Coinbase at underweight with a price target of $70. According to previous news, JPMorgan Chase also stated that Ripple's victory in the legal battle with the SEC may be beneficial to Coinbase.

Financial Stability Board calls for stricter global cryptocurrency rules

hpqev@newsletter.paragraph.com (HPQEV) — Mon, 17 Jul 2023 10:58:54 GMT

International standard-setters on Monday called for stricter rules to protect the assets of cryptocurrency customers and avoid conflicts of interest, following multiple allegations of bad conduct during the cryptocurrency's recent tumultuous year. The Financial Stability Board (FSB), comprising regulators from more than two dozen jurisdictions including the US, EU, China and the UK, has issued recommendations to ensure "coherent and comprehensive" regulation of the industry. The recommendations build on proposals originally made in October that focus on preventing the kind of behavior practiced by companies like FTX and Celsius.

The Ethereum Inscription protocol was attacked and 202 Ethscriptions were stolen

hpqev@newsletter.paragraph.com (HPQEV) — Mon, 17 Jul 2023 06:34:08 GMT

Ethscriptions creator Tom Lehman said that Ethscriptions.com was hacked, and about 123 individual addresses lost a total of about 202 Ethscriptions. In terms of value, it is unclear how much the attack caused. But in the past month, some Ethscriptions have sold for as much as 5 ETH, or about $9,600, according to OpenSea.

Lehman claimed responsibility for the attack, explaining that the vulnerability can be traced back to a smart contract created by him and Indelible Labs co-founder Michael Hirsch. It is reported that a small piece of code included in it allows people to withdraw Ethscriptions that do not belong to them from the market. Lehman also said that the Ethscriptions.com marketplace will be relaunched and that he has been in touch with many users affected by the bug.

zkSync: LIBERTAS OMNIBUS NFT airdrops are eligible to interact with at least one of the top 100+ zkSync NFTs

hpqev@newsletter.paragraph.com (HPQEV) — Mon, 17 Jul 2023 01:46:53 GMT

The eligibility criteria for LIBERTAS OMNIBUS NFT airdrop objects is that addresses interact with at least one of the top 100+ zkSync NFT collections. All 179,365 recipients were then programmatically generated based strictly on the above eligibility criteria. The list is then sorted alphabetically in preparation for bulk distribution. Due to sorting reasons, the first batch of address scores all start with 0x0. The 179,365 list pairs were random due to automatic selection. However, zkSync admits that using the term "random" to describe the initial distribution batch is inaccurate. Apologies for the confusion and thanks to the community members who pointed this out. zkSync will be relaunching the LIBERTAS OMNIBUS NFT distribution and testing IRL minting on EthCC Paris in the coming days and weeks.