Search results for "PAPER"
06:26

WLFI Lockbox locked 13.35 billion Tokens in the contract. Although the price has fallen, public sale investors still gained high returns.

Foresight News reports that, according to @ai9684xtpa monitoring, the WLFI Lockbox contract has locked 13.35 billion Tokens, valued at 3.5 billion USD. Although WLFI has fallen 52.5% from its peak, based on the current contract price of 0.2615 USD, the paper return rate for phase one investors in the public sale is still 16.43 times, and phase two is still 4.23 times. In addition, it may have been affected by the XPL trap hedging incident, Hyperliquid WLFI.
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WLFI-2.05%
09:51

Futu Securities announced the launch of retail trading services for Solana (SOL).

Futu Securities announced the launch of retail trading services for Solana (SOL), allowing Hong Kong investors to trade securely through the Futu NiuNiu App. At the same time, Futu will introduce SOL paper trading to help newbies familiarize themselves with the process, and provide various asset purchasing opportunities related to SOL.
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SOL-0.47%
02:21

Ethereum core developer "safely released" after being detained in Turkey.

Ethereum developer Federico Carrone was released after being detained for 24 hours in Turkey on suspicion of being related to a privacy protocol. He stated that the matter is related to a research paper he published in 2022, emphasizing that the research did not involve any illegal activities.
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ETH-1.07%
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05:04

PAWS (PAWS) has risen 34.22% in the last 24 hours.

Gate News Bot news, on July 30, according to CoinMarketCap data, as of the time of writing, PAWS (PAWS) is currently priced at $0.000054, having risen 34.22% in the last 24 hours, peaking at $0.000058 and dipping to a low of $0.000037, with a 24-hour volume of $3.21 million. PAWS is a project based on the Solana blockchain. This project offers multiple functional modules including Solana OG, TG Dashboard, and an exchange. PAWS has also released a white paper and is active on social media platforms such as Twitter, Discord, YouTube, and TikTok. Important news about PAW recently: 1️⃣ **The PAWS token generation event (TGE) has officially begun*
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06:10

The French company Capital B purchased 58 Bitcoins for 5.9 million euros, with a BTC return of 1409.8% year-to-date.

PANews July 28 news, according to Bitcoin Magazine, French listed company Capital B (The Blockchain Group) confirmed that it recently purchased 58 Bitcoins for 5.9 million euros, bringing its total Holdings to 2013 BTC, with the current average price of Bitcoin at 90,863 euros, valuing approximately 183 million euros. The company's BTC investment yield has reached 1409.8% since the beginning of the year, with an increase of 563.9 BTC, resulting in a paper profit of 57.6 million euros.
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BTC-0.63%
07:31

The author of "Rich Dad Poor Dad" emphasizes the importance of physical gold and Bitcoin.

Gate News bot message, renowned investment author Robert Kiyosaki recently expressed his views on social media. While he recommends that ordinary investors allocate to gold, silver, and Bitcoin ETFs, he also reminds investors to be aware of the limitations of "paper assets." Kiyosaki emphasizes that holding physical gold, silver, and Bitcoin may provide more security at crucial moments. He advises investors to learn to judge when to hold physical assets and when to use ETFs to gain an advantage in the market. Kiyosaki believes that understanding this is vital for success in the investment market.
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BTC-0.63%
02:52

BitMart conducted the destruction of the Platform Token BMX on July 16, with approximately 1.46 million coins destroyed.

Odaily News According to the official announcement, BitMart has burned 1,465,562.497 BMX (approximately 395,701 USD) on July 16. According to the BitMart white paper on the "buyback mechanism," 20% of the platform's fee income in the second quarter of 2025 will be used for the monthly buyback and destruction of BMX. The destruction of BMX will continue until 500 million BMX are destroyed to ensure a permanent decrease in the total supply.
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08:37

The Hong Kong exchange has released a discussion paper regarding the shortening of the settlement cycle for the Hong Kong stock spot market.

The Hong Kong exchange has released a discussion paper on shortening the settlement cycle for the stock spot market, which currently adopts a T+2 settlement cycle. It is expected that 88% of global transactions will shift to T+1 or shorter cycles by the end of 2027. The document discusses the potential benefits and challenges of shortening the settlement cycle and draws on experiences from other markets.
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07:32

The new weapon of US "hegemony": Revealing the US stablecoin bill and how it reshapes the global financial order and monetary diplomacy?

What truly brought Crypto Assets to the doorstep of Washington is not the Metaverse or the NFT craze, nor the hoodie-wearing libertarian utopians. It is the dollar. It is not the theoretical intrinsic value of the Crypto Assets White Paper, but the hegemonic, carefully designed dollar that supports global power and America's dominance. Therefore, when the U.S. Senate approved a bipartisan bill to regulate stablecoins (Crypto Assets pegged to the dollar), it is not just about financial innovation, but about sovereignty. This legislation heralds the arrival of a new era, where stablecoins will become a new tool for U.S. foreign policy and global financial influence.
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TRUMP13.27%
08:33

Breaking! A Whale from the Satoshi Nakamoto era, which had been dormant for 14 years, has awakened, and 20,000 BTC have appeared in unusual on-chain movement.

Blockchain data shows that a Bitcoin whale wallet, which has been dormant for 14.4 years during the "Satoshi Era," suddenly woke up and transferred a total of 20,000 BTC within a few hours. Based on the current Bitcoin price of approximately $109,000, this amounts to a value of up to $2.12 billion. This wallet (NY8gD…) initially received these Bitcoins on April 3, 2011, when the BTC price was only $0.78, with an initial investment cost of about $7,805. This means that the whale currently holds an astonishing paper profit of about 140,000 times.
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BTC-0.63%
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12:05

The SoDEX Testnet is now live, Allowlist users can participate in paper trading to win generous $SOSO rewards.

The AI investment research platform SoSoValue has officially launched the Testnet of the high-performance trading chain SoDEX on July 2. The first batch of Allowlist users can participate in paper trading to compete for the $SOSO rewards pool. Users can earn points through trading, feedback, and other means to exchange for Tokens. SoDEX supports Spot and derivatives trading and has opened 118 trading pairs, with Allowlist registration ongoing.
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SOSO7.54%
14:07

The fully homomorphic encryption network has launched a public test and released a simplified White Paper.

Gate News bot message, on July 1st, the fully homomorphic encryption network Zama announced the launch of its public testnet and released a simplified white paper. The official reminder states that since the testnet has not yet been audited, it is not suitable for production environments, and users are advised not to publish important or sensitive data on it; production workloads should wait for the mainnet launch. value
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BOT12.38%
B3.16%
FHE-3.09%
12:33

Securitize and Redstone pilot a trusted single-source Oracle Machine to ensure the security of tokenized fund asset net values.

Odaily News The tokenization asset issuer Securitize and the oracle machine provider RedStone have released a White Paper aimed at introducing a new model for securely validating on-chain Net Asset Value (NAV) data, specifically for tokenized private funds. This model is called Trusted Single Source Oracle (TSSO) and intentionally addresses a critical gap in Decentralized Finance (DeFi) infrastructure: how to reliably prove that each asset's net value update indeed originates from a trusted source and cannot be tampered with once it is on-chain. (CoinDesk)
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RED-4.57%
07:01

The Malaysian Securities Commission has proposed a new plan for the listing of digital assets, with trading volume expected to reach a new high in 2024.

Gate News bot message, the Securities Commission of Malaysia (SC) recently released a consultation paper proposing new regulatory measures for digital asset trading. According to the document, eligible digital assets can be listed on the exchange without prior approval. At the same time, SC has strengthened governance over the digital asset exchange (DAX) platform.
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SC-1.81%
BOT12.38%
07:36

Minfeng Special Paper: The company's Nanh Lake plant will be completely shut down by the end of June.

Jin10 Data reported on June 30 that Minfeng Special Paper announced that the "New No. 8 Machine and New No. 20 Machine Upgrade Technical Reform Project" and the "Annual Production of 70,000 Tons of Special Coated Paper Project" have been completed and put into production in the Haiyan plant area. All ongoing projects in the Haiyan plant area have started production, and the conditions for undertaking the production capacity of No. 19 and No. 21 machines in the Nanhu plant area have been fully met. To promote the shift of the production operation focus and to handle the subsequent matters such as asset disposal in the Nanhu plant area, the company has decided to fully suspend production in the Nanhu plant area by the end of June.
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12:29

Michael Saylor: Strategy holds 592,345 Bitcoins, accumulating profits of 1.3133 billion USD.

Michael Saylor, the founder of Strategy, stated that MicroStrategy's Holdings in Bitcoin are performing well, currently holding 590,345 coins with a total market capitalization of $62.356 billion. This year, they have increased their holdings by 85,871 coins, with a paper profit of $9.04 billion. Since the beginning of 2024, the open interest has increased by 74.3%, resulting in a total profit of $13.133 billion.
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BTC-0.63%
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01:41

GOAT Network releases BitVM3 key upgrade plan to promote the practical application of Bitcoin native ZK Rollup.

ChainCatcher news, the first Bitcoin sustainable yield ZK Rollup network GOAT Network has launched a new generation of reusable homomorphic obfuscation circuit architecture based on BitVM3, which first addresses two major challenges in Bitcoin native zk Rollup: "one-time limitation" and "massive off-chain data." The new solution uses the Label Forward Propagation mechanism, enabling the encryption circuit to have infinite reuse capability and compressing off-chain data from hundreds of GB to several MB, achieving an improvement of over 1000 times. According to reports, the plan is based on a series of key optimizations made by the GOAT team on the BitVM3 paper first published by Robin Linus. GOAT Network enables Bit for the first time through this architecture.
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GOAT-3.96%
BTC-0.63%
ZK-3.09%
15:35

Midnight Network announced the NIGHT tokenomics and the "Glacier Drop" airdrop mechanism.

According to Gate News bot and CoinDesk, Midnight Network has released its tokenomics paper and announced its "Glacier Drop" airdrop mechanism ahead of the distribution of the NIGHT native token starting next month. Midnight Network is a blockchain project focused on privacy protection, utilizing zero-knowledge smart contracts. The project states that the "Glacier Drop" is a novel process that will allocate all NIGHT tokens to users across eight major blockchain ecosystems, rolled out in three phases. These tokens will be issued on the Bitcoin, Ethereum, Cardano, Solana, Brave, Ripple, and Avalanche platforms.
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NIGHT3.14%
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02:53

The BTTC 2.0 cross-chain network White Paper is officially released globally.

Odaily News According to official Twitter news, the BTTC 2.0 cross-chain network White Paper has been globally released. This version is based on a three-layer architecture and PoS Consensus Mechanism, building a decentralized cross-chain infrastructure to achieve efficient synchronization of assets and states, significantly enhancing cross-chain transaction processing capabilities. Through a pluggable governance framework and validators' collaboration mechanism, the system ensures governance transparency and relies on smart contracts to achieve automated incentive distribution, fully practicing the principle of Decentralization and strengthening its decentralized characteristics.
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02:17

Data: This week, Bitcoin "paper hands" transferred a loss of 15,000 BTC, while long-term holders are absorbing the selling pressure.

BlockBeats News, June 20, Cointelegraph reported that CryptoQuant on-chain data showed that short-term Bitcoin holders transferred 15,000 BTC at a loss this week, increasing the likelihood that the price will fall below $100,000. 959 BTC were transferred to trading platforms in the red on Monday, surging to 16,700 on Wednesday, while the BTC price fell from $106,500 to $103,500 over the same period. This behavior reflects the tendency of short-term holders to panic sell when prices fall, often leading to losses. When these "paper hands" exit the market, their Bitcoin holdings are usually transferred to long-term holders, helping to stabilize the market and form a more solid bottom price. According to the STH-LTH net position change chart, the past month has been held in the short term
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BTC-0.63%
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13:17

Russian authorities dismantled a large illegal Mining Farm, with an annual revenue of $700,000.

Russian authorities smashed a large-scale illegal cryptocurrency mining farm in the town of Nazarovo in Krasnoyarsk Krai, uncovering a scam that allegedly made a profit of more than 4.6 million rubles ($58,000) per month. The mine is located on a 30,000-square-metre piece of state-owned land and is registered as a non-residential building on paper. But in reality, no such building exists. The mine is surrounded by barbed wire, which is filled with mining equipment and power infrastructure. Prosecutors revealed that all the equipment was leased to a third party under the guise of renting space in this building that did not exist at all. The company behind the mine did not have the right to use the land and never obtained the necessary permits.
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BOT12.38%
05:53

Flashbots Warning: MEV Bots spam activities are hindering mainstream chain expansion.

Gate News bot reports that Flashbots, a research organization focused on MEV (Maximum Extractable Value), recently issued a warning that spam from MEV Bots is rapidly becoming a major obstacle to blockchain scalability. In a paper published this week, Flashbots stated, "MEV has become the primary limiting factor for blockchain scalability," pointing out that the efficiency of Ethereum rollups and Solana is increasingly declining, and current scalability efforts of mainstream blockchains are being offset by the rising prevalence of MEV-driven activities. As Layer 1 and Layer 2 networks compete to increase throughput, the report found that on-chain activities of MEV Bots are wasting more and more available capacity. On Solana, MEV Bots currently occupy 40% of all block space. On Ethereum's OP-Stack Rollup (such as Base and OP Mainnet), spam Bots account for over half of the Gas usage, while the fees paid only represent a small portion of the network fees.
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11:20

GOAT Network releases the Bitcoin ZK Rollup economic brown paper, systematically addressing the challenges of Layer 2 incentives and verification mechanisms.

ChainCatcher News, Bitcoin-native ZK Rollup project GOAT Network released an economic beige book on Bitcoin ZK Rollup, proposing a plan for the implementation of the economic model of Bitcoin-native zkRollup. This plan systematically addresses issues such as incentive imbalance, concentration of role costs, and low verification efficiency in the current BTC L2 system through the "Universal Operator Role Rotation Mechanism" and "Multi-Round Challenge Mechanism".
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GOAT-3.96%
BTC-0.63%
ZK-3.09%
11:20

GOAT Network released the Bitcoin ZK Rollup economic brown paper, systematically addressing the challenges of layer two incentives and verification mechanisms.

ChainCatcher message, the Bitcoin native ZK Rollup project GOAT Network has released an economic brown paper on Bitcoin ZK Rollup, proposing an economic model landing plan for Bitcoin native zkRollup. This scheme systematically addresses the issues of incentive imbalance, concentrated role costs, and low verification efficiency currently present in the BTC L2 system through the "Universal Operator Role Rotation Mechanism" and "Multi-Round Challenge Mechanism".
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GOAT-3.96%
BTC-0.63%
ZK-3.09%
03:23

A Whale sold 10 million Aura yesterday, with total profits possibly exceeding 3.4 million USD.

PANews June 16 news, according to Lookonchain monitoring, the Whale started accumulating 20 million Aura more than a year ago and transferred all assets to Wallet FbcvpL. Yesterday, it successfully sold 10 million Aura for 12,605 SOL (approximately 1.84 million USD), and currently still holds the remaining 10 million Aura (valued at approximately 1.8 million USD), with total paper profit exceeding 3.4 million USD.
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AURA-1.4%
01:04

USELESS Token market capitalization exceeds 100 million USD, Bonk community Large Investors Unipcs gains 1.9 million USD unrealized gains.

According to Gate News bot, data from GMGN shows that the Memecoin USELESS launched by LetsBONK fun has been actively traded recently, with a market capitalization reaching 100 million USD. The data indicates that Unipcs, a core figure in the Bonk community, is the second-largest holder of USELESS, holding 2.81% of the total supply. Unipcs invested $381,900 between May 11 and June 5, purchasing 28.1 million USELESS at an average price of $0.01353, and has not made any sales to date, with current paper profits reaching $1.9 million. Source of information: Wu Shuo
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BONK-3.63%
09:35

The Dongcheng Court disclosed that there are disputes regarding the application of blockchain in cultural relics auction.

According to Gate News bot, the Dongcheng District Court in Beijing recently released the "White Paper on the Trial of Cultural Relics and Artwork Auction Cases (2014-2024)". The report analyzes 137 auction dispute cases and points out that some auction institutions have applied Blockchain technology to the digital recording of auction items. The White Paper shows that there are still controversies in aspects such as identity verification, timestamps, and electronic signature validation during practical application processes of private chains. Additionally, the diversity of identification institutions and appraisers, as well as the lack of unified standards, are also current issues faced. Source of information: Wu Says
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BOT12.38%
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02:57

a16z crypto advocates for the integration of AI and Blockchain to achieve user ownership and innovation

The cryptocurrency department a16z crypto under Andreessen Horowitz stated in a report that Blockchain can guide artificial intelligence toward user ownership and open standards. The paper argues that core context and "agent passports" should be stored in hosted wallets, enabling instant access to preferences for any large language model interface without the need for retraining. A blockchain-based identification layer will allow agents to carry verifiable ownership, capabilities, and payment detail records across email, Slack, and other platforms. At the same time, with the surge of generative models, identification systems like World ID from World Chain can help filter Bots.
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A-0.6%
16:02

Yieldbasis releases research White Paper: Innovative solution to address AMM Impermanent Loss issue.

Gate News bot message, Yieldbasis recently released a research White Paper titled "Eliminating impermanent loss by leveraged liquidity". This White Paper proposes a technical solution of "compounding leverage" continuous rebalancing to adjust the AMM market-making positions to have the same slope as the Spot, achieving drop to zero of Impermanent Loss. Research data shows that applying this solution to the BTC/USD liquidity trading pair yields an Annual Percentage Rate of about 20% over a 6-year period, with price risk being fundamentally consistent with holding BTC. This technical solution is applicable to other encryption assets.
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BTC-0.63%
BOT12.38%
07:18

Researchers have launched the Liquefaction application for the first time, allowing users to access Tokens without owning them.

Gate News bot, researchers at Cornell Tech Campus are showcasing for the first time a use case for a cutting-edge concept that challenges a core assumption of blockchain security: only private key holders can control digital assets. The app, called Take My Ape, employs a process called "Liquefaction" that allows users to temporarily access blockchain assets, such as Bored Ape NFTs, without actually owning them. The program was released on Wednesday on the occasion of the 10th anniversary of the Cryptocurrency & Contracts Initiative (IC3). "The inherent philosophy of the cryptocurrency system and its security model is that private keys, as well as assets, are controlled by an individual or entity," the researchers wrote in a white paper. We launched Liquefaction, a wallet platform that proves its dangerous vulnerability by systematically breaking this fundamental assumption. ”
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APE-0.51%
03:11

Guggenheim uses the Zeconomy platform to issue digital commercial paper on the XRPL.

Gate News bot message, the Digital Commercial Paper DCP has been launched on the XRP Ledger ( XRPL ). This paper is a fixed-income asset backed by U.S. Treasury securities, rated Prime-1 by Moody's. DCP is managed by Guggenheim Treasury Services, which is one of the "largest independent commercial paper platform management companies in the world and a wholly-owned subsidiary of Guggenheim Capital, LLC. DCP is tokenized, issued, and managed through the Zeconomy platform.
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BOT12.38%
XRP-0.49%
PRIME-8.99%
14:40

Financial service company Guggenheim launched tokenization of commercial paper on the XRP Ledger

Financial services firm Guggenheim Treasury Services announced the launch of digital commercial paper (DCP) on Ripple's XRP Ledger, providing institutional investors with access to short-term debt instruments through a decentralized financial network, Golden Finance reported. The product, which is backed by U.S. Treasuries, will take advantage of the XRP Ledger's round-the-clock trading, fast settlement, and low-cost trading. As part of the partnership, Ripple will invest $10 million in the DCP project.
XRP-0.49%
01:05

After the launch of the Metaverse game Verse World Token, FDV fell back to 1.2 billion USD.

According to Gate News bot, reported by GMGN data, the Metaverse game Verse World is now online on the EPIC Store and has launched the token Verse through the Pump Fun platform. After the token issuance, its Fully Diluted Valuation (FDV) once reached 1.2 billion USD. Data shows that 95% of the tokens are concentrated in 6 Addresses, and the current FDV has fallen to 600 million USD. The transaction record shows that the trader with the address 6LB4RE…vQtze6 invested $101,700, buying 1.6 million Verse at an average price of $0.06392, and then sold all at an average price of $0.3345, obtaining a profit of $430,500. Another holder with the address 5icayp…gUEUfd invested $1.3 million to buy 1.3 million Verse at an average price of $0.93693, currently facing a paper loss of $425,800. Source: Wu said
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04:37

Apple researchers: Mainstream AI models still cannot achieve the expected reasoning level of AGI.

Gate News bot news, researchers at Apple pointed out in a paper titled "The Illusion of Thinking" published in June that leading artificial intelligence (AGI) models still face difficulties in reasoning. Therefore, the race to develop general artificial intelligence (AGI) remains a long way to go. The article noted that the latest updates to mainstream artificial intelligence large language models (LLM) (such as OpenAI's ChatGPT and Anthropic's Claude) have included large reasoning models (LRM), but their basic functions, extended features, and limitations "are still not fully understood." Current assessments mainly focus on established mathematical and coding benchmarks, "emphasizing the accuracy of the final answers." However, researchers stated that this assessment does not delve into the reasoning capabilities of artificial intelligence models, which sharply contrasts with the expectation that general artificial intelligence could be achieved in just a few years.
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AGI-2.27%
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02:54

Cetus Protocol has resumed operations after suffering a vulnerability attack and is planning to Open Source.

Golden Finance reports that Cetus Protocol, a Sui-native decentralized exchange that suffered a large-scale attack of $220 million in May, is advancing its open source plan after recently restarting. On May 22, an attacker exploited a pricing mechanism vulnerability to withdraw tokens from Cetus's main liquidity pool. The protocol successfully froze $162 million of the stolen funds shortly after the attack occurred. Before the attack occurred, Cetus's trading volume had been on the rise, exceeding $5 billion in April and also reaching $5 billion in May, despite pausing operations after May 22. In a Medium post on June 7, the Cetus team stated a day before the relaunch that they were working towards full Open Source development and were launching a new white paper bounty program to "encourage collective contributions in technology and security." As a restart
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CETUS-2.06%
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07:58

The husband of actress Jun Ji-hyun's fund invested in Wemade, resulting in a loss of 15.8 billion won.

According to Gate News bot, ChosunBiz reported that Alpha Asset Management, operated by Choi Joon-hyuk, the husband of the famous South Korean actress Jun Ji-hyun, has incurred massive losses after investing in the gaming company Wemade. Data shows that Alpha Asset Management invested a total of 35 billion KRW to purchase Wemade shares from 2023 to 2024, and the current stock price has fallen by 28%, resulting in a paper loss of 15.8 billion KRW. The background causing the fall in stock prices is the second delisting of the virtual currency Wemix issued by Wemade's subsidiary from the Korean exchange. Previously, Wemix suffered a hacker attack, resulting in a loss of approximately 9 billion won in assets. Source: ChosunBiz
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12:06

Analyst: US Tariff Threat Becomes a "Paper Tiger" European Stocks Respond with a Rebound

Golden Ten Data, May 27, Capital.com senior market analyst Harthorn pointed out in a report that investors saw the threat of U.S. tariffs as a negotiating tool rather than a trade policy decision, which weakened its impact on the market and pushed the stock market higher this week. European stocks rebounded from Friday's losses after the United States threatened to impose 50% tariffs on EU imports from June 1. "Investors no longer see Trump's tariff threat as a credible policy move, but as a bargaining ploy," Harthorn said in the report. ”
TRUMP13.27%
06:44

Remixpoint increased its holdings by 31.9 Bitcoins, bringing its total encryption asset holdings to 11.84 billion yen.

Gate News bot message: Japanese listed company Remixpoint purchased an additional 500 million yen worth of Bitcoin on May 26, totaling 31.9 coins, with an average price of 15.67 million yen per coin. Currently, Remixpoint's held encryption assets include Bitcoin, Ethereum, Solana, XRP, and DOGE among other Mainstream Tokens, with a total market capitalization of 11.84 billion yen and a paper profit of approximately 2.2 billion yen.
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BTC-0.63%
02:33

Whale Address traded WBTC through Wintermute OTC, buying a large amount of AAVE.

According to Gate News bot, data monitored by EmberCN shows that a whale/institutional address sold 184.4 WBTC through Wintermute OTC yesterday, with a transaction value of approximately 20.4 million USD. The address continued its operations today, transferring in 15 million USDC and purchasing 57,715 AAVE Tokens at an average transaction price of 259.9 USD. Data tracking shows that this address has accumulated 224,010 AAVE Tokens since March 2023, with a total investment of approximately 30.8 million USD, and the current paper profit has reached 26.32 million USD. Source: Wu Says
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WBTC-0.73%
AAVE-2.2%
09:23

Mirxes dark market once rose over 40%

Jin10 reported on May 22 that Singapore's micro RNA (miRNA) technology company Mirxes-B (02629.HK) will be listed tomorrow, and today it experienced a big pump during the Dark Pool trading session. The stock rose to 33 HKD in the Dark Pool, an increase of 41.6% compared to the offering price of 23.3 HKD. With a lot size of 100 shares, the paper profit is 970 HKD.
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