Stablecoin Issuance Layer OneStable Launched, Jointly Introduced by Enso, LayerZero, Stargate, and Others
On September 9th, EnsoBuild, LayerZero, StargateFinance, and Reservoir jointly launched the world's first stablecoin issuance layer named OneStable. It was officially launched on September 8th. The goal is to offer a new solution to the stablecoin market, enhance liquidity efficiency, and facilitate the further development of the stablecoin economy.
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OKX Wallet: Not Affected by Third-Party Component Security Issues, App, Plugin, and Web Versions Are All Safe to Use
September 9th: In light of the "NPM Supply Chain Attack" incident, OKX Wallet stated that OKX always places great emphasis on system security and strictly manages the risk of using third-party components throughout the product development and deployment processes. After internal investigations and evaluations, OKX's Android and iOS native framework-based APP does not have any relevant security risks; OKX's plugins, Web applications, and mobile DApp browsers did not use the affected versions of third-party components. All platform services are operating normally, and users can continue to use them with confidence.
It is reported that the attacker, through a phishing email (disguised as npmjs support), stole developer qix's NPM account credentials. Then, malicious code was injected into 18 popular JavaScript packages released by qix (including chalk, debug-js, etc., with a weekly download volume of over 2 billion times). This attack is considered the largest-scale supply chain attack in
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Analysis: Ethereum ETF Inflows Do Not Equate to Spot Market Buying Pressure, Traditional Fund Preferences Overlay Futures Portfolio Strategy
September 9th. On-chain data analyst Murphy published an article to analyze whether "ETF Net Inflows Equal Genuine Buying Pressure." Since the launch of BTC and ETH spot ETFs, the inflow and outflow of their funds have become one of the most closely watched indicators in the market. Generally speaking, inflows are regarded as a signal of continuous accumulation by institutional investors. Whether the net inflow of ETFs can directly represent genuine buying demand is different in the case of BTC and ETH, the two mainstream assets.
Analyzing the changes in CME open interest and ETF holdings of BTC, it is obvious that the price increase of BTC (the black line rising) is highly correlated with the net inflow of ETFs (the red line trending up). In contrast, the magnitude of the change in CME futures open interest (the yellow bars) is much smaller than that of ETFs. This indicates that the primary way for traditional funds to allocate to BTC is to directly buy spot ETFs to obtain investment
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Token prices in the AI sector saw a general increase, with WLD and KAITO leading the gains.
On September 9th, according to HTX market information, the tokens in the AI sector witnessed a general rise. They include:
WLD is currently trading at $1.82, with a 24-hour increase of 47.8%;
KAITO is currently trading at $1.37, having a 24-hour increase of 34.74%;
IO is currently trading at $0.606, showing a 24-hour increase of 13.5%;
SAHARA is currently trading at $0.1, with a 24-hour increase of 13.2%;
SHELL is currently trading at $0.1367, having a 24-hour increase of 12.4%;
VIRTUAL is currently trading at $1.29, with a 24-hour increase of 9.42%.
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Suilend: Pause in IKA Lending, every IKA Depositor's balance will be reduced by 6%
September 9th. The Sui ecosystem lending protocol Suilend officially announced the suspension of IKA borrowing with immediate effect. This morning, IKA witnessed a significant surge from $0.04 to $0.47. Some IKA borrowings were liquidated at a high valuation, which led to subsequent positions incurring losses, resulting in a funding gap of $379,000. IKA depositors were affected, with each depositor experiencing a 6% reduction in their IKA deposit balance.
BlockBeats previously reported that IKA saw a 700% "pin" surge this morning and then a subsequent drop. IKA liquidated $2.2189 million in the past 24 hours, with short positions accounting for $2.1157 million in liquidations.
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