Evening News ｜ Ankr will purchase $5 million in BNB to compensate LPs; Ambit Finance receives strategic investment from Binance Labs
a16z's self-built media Future faces closure; DEX's trading volume in November increased by 93% month-on-month.Organizer: flowie, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Ankr: Reissuing ankrBNB snapshot and purchasing $5 million BNB to compensate LPs
Ankr tweeted that the team has assessed the losses, with the value of BNB in the liquidity pool being up to $5 million. Ankr will take a snapshot and reissue ankrBNB to all valid aBNBc holders before the exploit. The ankrBNB tokens will remain redeemable, while aBNBc and aBNBb will no longer be redeemable. Additionally, Ankr will purchase $5 million worth of BNB to compensate liquidity providers affected by the depletion of the liquidity pool.
This morning, it was suspected that the deployment key of Web3 infrastructure provider Ankr was leaked, resulting in the minting of 100 trillion aBNBc. PeckShield later stated on Twitter that after Ankr was hacked, one address exploited the vulnerability to exchange 10 BNB for over 15 million BUSD and transferred the assets to Binance.
Regarding the hack on Ankr, Zhao Changpeng stated on Twitter that preliminary analysis indicates that the hack was due to the theft of the developer's private key, which allowed the hacker to alter the contract into a malicious contract. Binance stopped withdrawals a few hours ago and froze $3 million worth of assets transferred to Binance by the hacker. (Source link)
2. a16z's self-built media site Future faces closure after two months of inactivity, major editorial staff have left
According to Business Insider, the well-known venture capital firm a16z's self-built media site Future is facing closure, with major editorial staff having left, including Executive Editor (former CNN editor) Maggie Leung, Editor-in-Chief Amelia Salyers who joined a16z four years ago, Cryptography Editor (former senior editor at Decrypt) Jeff Benson, and Biology Editor Nicole Neuman.
Future launched on June 15, 2021, with over 20 articles published, covering topics from the creator economy to the potential of cryptocurrency disrupting Hollywood. Its latest article, "Why Applying Machine Learning to Biology is Hard -- But Worth It," was published on October 5, 2022, and it has not published any articles for nearly two months. According to Similar Web, Future's website traffic was approximately 1.3 million in July this year, dropping to 423,000 by September. (Source link)
3. Apple requires Coinbase Wallet iOS to pay Gas fees through its IAP system
Coinbase Wallet tweeted that due to Apple blocking the release of its new version, users are currently unable to send NFTs using Coinbase Wallet iOS. The reason for Apple's blockage is that Apple requires Coinbase Wallet iOS to pay the Gas fees for sending NFTs through its in-app purchase system, which charges a 30% fee. However, Apple's proprietary in-app purchase system does not support crypto applications, making the issue unresolved. (Source link)
4. Binance Chief Strategy Officer: Centralized exchanges may not exist in 10 years
Binance Chief Strategy Officer Patrick Hillman stated that centralized exchanges may not exist in 10 years as the cryptocurrency market is moving towards decentralized finance (DeFi).
When discussing Binance's proof of reserves issue, Patrick Hillman explained, "This will be a multi-step process, including the introduction of third-party auditors, and it will take time to address the scope and scale of the audits required for Binance." Although he did not disclose the specific amount of funds held in the company's accounts, Patrick Hillman stated that Binance is "confident" in its reserves. (CoinDesk)
5. Immutable X protocol launches NFT offers feature
Ethereum Layer 2 scaling solution Immutable X announced the official launch of the NFT offers feature, allowing NFT buyers to make offers on assets, which sellers can accept. The launch of offers will regulate the current NFT market and increase liquidity for NFT markets supported by Immutable X. Currently, offers are in a testing phase with some limitations, and will be fully launched after the testing period ends. (Source link)
6. DeFi protocol Ambit Finance receives $4.5 million strategic investment from Binance Labs
Binance Labs announced a strategic investment of $4.5 million in the DeFi protocol Ambit Finance. Ambit Finance is a DeFi lending and yield protocol referencing Anchor Protocol, which will provide deposit yields for BUSD in the future and collaborate with Binance Labs to launch new DeFi applications, enhancing the utility of BUSD and other assets on the BNB Chain while cooperating with projects outside the BNB Chain ecosystem. (Source link)
7. 645 Ventures completes $347 million fundraising for its fourth fund Fund IV and first select fund Select I, focusing on Web3 and other fields
Early-stage venture capital firm 645 Ventures announced that its fourth fund Fund IV and its first select fund Select I have completed a total fundraising of $347 million, with investors including endowments, family offices, and high-net-worth individuals. The new funds will focus on seed and Series A investments in verticals such as Crypto/Web3, Software as a Service (SaaS), and infrastructure software. (Source link)
8. DEX trading volume in November rises to $65 billion, a 93% month-on-month increase
According to data from The Block Research, due to the impact of the FTX collapse, the trading volume of decentralized exchanges increased from $34 billion in October to $65 billion in November, a month-on-month increase of 93%, with Curve's trading volume growing by 371% month-on-month. Previously, the trading volume of decentralized exchanges had dropped to a two-year low in October. (Source link)
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
As a blockchain game built on Arbitrum that launched just a week ago, The Beacon's market performance is astonishing. As of the time of writing, over 10,000 players have entered The Beacon, and the "founder game character" priced at $40 has successfully sold over 17,000 copies. This article will provide a detailed introduction to The Beacon, exploring the magic behind this incredible hit.
The aftershocks of the FTX incident continue, with increasing attention on decentralization and transparency. The migration of trading activities from CeFi to DeFi is no longer a question of "if," but "when."
In recent months, perpetual contract protocols like GMX have garnered significant attention. Built on GMX's unique design, an independent ecosystem has developed. ByteTrade Lab uses GMX as an example to provide a detailed explanation of the innovative path of on-chain perpetual contract protocols.
3. “Clarifying the entanglement between Solana and FTX: How far can Solana go?”
After the collapse of FTX, Solana, once considered an Ethereum killer, was also affected and is now on the brink of collapse. While the simultaneous collapse of Terra and LUNA is understandable, what ties exist between FTX and Solana, two seemingly independent projects? How did Solana end up in such a predicament? What consequences will the significant depreciation of SOL bring to Solana?
Risk warning
Risk warning
