The SEC Releases Security Tokenization Statement
July 10th. The U.S. SEC made a statement regarding security tokenization. It was stated that blockchain technology has brought forth a new model for issuing and trading securities in a "tokenized" form. Tokenization holds the potential to facilitate capital formation and enhance investors' ability to use their assets as collateral. Nevertheless, despite the significant potential of blockchain technology, it does not possess a "magical" ability to alter the nature of the underlying asset. Tokenized securities remain securities. Consequently, market participants engaging in the trading of such instruments must carefully consider and comply with the relevant provisions of federal securities laws.
On certain occasions, issuers tokenize their own securities. Investors purchasing such third-party tokenized securities may encounter some unique risks, such as counterparty risk. The issuer of tokenized securities must also take into account the disclosure obligations under federal securities l
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London BTC Company Limited is currently raising ￡1 million to ￡5 million, some of which will be used to increase its Bitcoin holdings.
On July 10th, London BTC Company Limited (formerly named Vinanz Limited) is in the process of raising ￡1 million to ￡5 million (up to around $6.8 million), and a portion of this amount will be utilized to enhance its Bitcoin holdings. This fundraising is being carried out through the issuance of new shares at a price of 13 pence per share.
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SlowMist: The core reason for the GMX attack is that the global short average price of GMX v1 can be manipulated, causing the GLP price to be maliciously inflated for arbitrage.
On July 10th, the Slowmist Chief Information Security Officer (@im23pds) tweeted that "The underlying cause of the GMX attack is that in handling short positions, GMX v1 promptly updates the global short position average price. This global average price directly influences the calculation of the total assets under management (AUM), resulting in the manipulation of the GLP token price."
The attacker took advantage of this design flaw by using a Keeper to activate the timelock.enableLeverage feature when placing orders (a prerequisite for creating a large short position). Through reentrancy, they successfully established a large short position to manipulate the global average price, artificially raising the GLP price in a single transaction and making a profit through redemption.
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OpenAI's GPT (Generative Pre-trained Transformer) language model is about to be released.
July 10th. According to U.S. tech media The Verge, Microsoft (MSFT.O) is on the verge of experiencing a significant turn in its intricate relationship with OpenAI. While the two parties are in the process of renegotiating their contract to enable OpenAI to restructure as a for-profit entity, OpenAI is gearing up to release an open-source language model, which is likely to further widen the rift between the two companies.
Insiders disclosed that this AI lab led by Sam Altman is scheduled to release an open-weight model next week. This model will not only be hosted on OpenAI and Microsoft Azure servers but will also be made available to other cloud service providers. In contrast to the closed-weight model commonly employed by OpenAI, this publicly accessible weight parameter (a kind of training parameter) will be open to the public. This openness allows businesses and governments to deploy the model independently. (BlockBeats)
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Cyvers Alerts: ZKSpace Suspectedly Hacked, Around $4 Million Withdrawn
On July 10th, Cyvers Alerts tweeted that they had detected a number of suspicious transactions associated with ZKSpace. Meanwhile, ZKSpace's official X account had been frozen. The funds affected amounted to approximately $4 million. Approximately $1.3 million, including USDT and USDC, was exchanged for ETH and subsequently deposited into Tornado Cash.
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