echo

Echo Base is an institution focused on stabilizing digital asset companies, assisting in the formation of the BitMart Creditors' Committee, representing users holding frozen assets, and hiring legal advisors to evaluate recovery plans, including applying for bankruptcy proceedings without financial support. Echo Base had proposed a funding plan of up to $10 million to support BitMart in submitting a pre-negotiated bankruptcy application, but received no response from BitMart.Echo Base stated that the relevant actions stem from BitMart's failure to respond to the restructuring proposal and user withdrawal requests. Sonn Law Group has initiated an investigation for users with frozen assets of $500,000 or more at BitMart, assessing potential claims and asset recovery plans. Echo Base CEO Roshan Dharia stated that BitMart's employee plan can only sustain operations until January 2027, and the longer the delay, the fewer viable options there will be.

Echo Protocol announced that its eBTC deployment on Monad experienced unauthorized activity, resulting in abnormal minting and financial losses. Preliminary investigations indicate that the issue stemmed from the compromise of the administrator keys related to the Monad deployment, with approximately $816,000 in assets currently confirmed to be affected.Echo stated that the Monad network itself was not affected and continues to operate normally. The team has regained control of the administrator keys and has destroyed the remaining 955 eBTC held by the attacker. The project further clarified: the current incident appears to be limited to the Monad deployment; there is no evidence to suggest that the Aptos side has been affected; aBTC on Aptos and eBTC on Monad are independent, non-bridgeable assets; the current related risk exposure on Aptos is approximately $71,000.As an additional precaution, Echo has suspended the cross-chain functionality of the Monad deployment and has begun upgrading the related EVM bridging contracts and permission control mechanisms, while reminding users not to interact with any unofficial claims, refund, or recovery pages.

Keone Hon, co-founder of Monad, posted on the X platform that the Monad network is unaffected and operating normally, while security researchers are investigating the eBTC-related incident of the Echo Protocol. Researchers have determined that the vulnerability led to approximately $816,000 being stolen. Previously, it was reported that the Echo Protocol was attacked on the Monad chain, where hackers minted 1,000 eBTC and withdrew funds via Curvance.

Echo Protocol announced that it is investigating a security incident affecting the Echo cross-chain bridge on Monad. During the investigation, all cross-chain transactions remain suspended.According to previous reports, market news indicated that Echo Protocol was hacked on Monad. The attacker minted 1,000 eBTC (approximately $76.7 million) and used a tested process to deposit 45 eBTC (approximately $34.5 million) into Curvance. Subsequently, they borrowed approximately 11.29 WBTC (approximately $867,700) using this as collateral, bridged the WBTC to Ethereum, exchanged it for ETH, and ultimately transferred 384 ETH (approximately $821,700) to Tornado Cash.Yuxian, the founder of Slow Mist, stated that Echo Protocol may have been compromised due to the Admin single point private key being breached.

According to Onchain Lens monitoring, Echo Protocol was attacked on the Monad chain. The attacker minted 1,000 eBTC ($76.7 million) and withdrew funds from Curvance through a previously tested attack path.Currently, the attacker has deposited 45 eBTC ($34.5 million) into Curvance as collateral, borrowed about 11.29 WBTC ($867,700), and cross-chained to Ethereum, sending 385 ETH (approximately $818,000) to TornadoCash after exchanging for ETH. The attacker still controls a large amount of minted eBTC.

The distributed AI lab Gradient today released the Echo-2 distributed reinforcement learning framework, aimed at breaking the barriers of training efficiency in AI research. By achieving a complete decoupling of Learner and Actor at the architectural level, Echo-2 has reduced the post-training cost of a 30B model from $4,500 to $425. This results in over 10 times the research throughput under the same budget.The framework utilizes compute-storage separation technology for asynchronous training (Async RL), offloading massive sampling computation to unstable GPU instances and Parallax-based heterogeneous GPUs. Coupled with breakthroughs in bounded staleness, instance fault-tolerant scheduling, and the self-developed Lattica communication protocol, it significantly enhances training efficiency while ensuring model accuracy. Along with the framework release, Gradient will soon launch the RLaaS platform Logits, promoting the shift in AI research from a "capital accumulation" paradigm to an "efficiency iteration" paradigm. Logits is now open for reservations for students and researchers worldwide.

Distributed AI Lab Gradient has released the Echo-2 distributed reinforcement learning framework, aiming to break the barriers of training efficiency in AI research by decoupling the Learner and Actor at the architectural level to reduce the post-training costs of large models.Official data shows that this framework can reduce the post-training cost of a 30B model from $4500 to $425. Echo-2 utilizes separation of storage and computation technology for asynchronous training (Async RL), supporting the offloading of sampling computation to unstable GPU instances and Parallax-based heterogeneous GPUs. Additionally, Gradient plans to launch the RLaaS (Reinforcement Learning as a Service) platform Logits, which is currently open for reservations for students and researchers.

DogeDesigner posted that X has added a small rocket like button animation, possibly in response to the progress of the merger between SpaceX and xAI.

According to GMGN monitoring, Cobie, the founder of Echo XYZ, tweeted about "Copper Inu" today on platform X, leading to the emergence of several meme coins named "COPPERINU" on the Solana chain. The token with the highest market cap quickly surged to $12 million and has now retraced to about $9 million, with a price of approximately $0.009.In the tweet, Cobie stated, "You don't have to worry about waking up one day to find Copper Inu has taken all of copper's market share. They won't pop up like some digital assets do, with new products emerging every few seconds to disrupt existing value."Additionally, GMGN monitoring indicates that the address ranked first in holdings (A1EC...) belongs to Equation founder himgajria's publicly disclosed on-chain address. This address invested about $10,000 when COPPERINU's market cap was only around $80,000, and it currently has an unrealized profit exceeding 10,000%. Although some has been sold, the total profit still reaches approximately $740,000.

According to Onchain Lens monitoring, AAVE founder Stani Kulechov spent 1,699 ETH (approximately 5.15 million USD) to purchase 32,660 AAVE tokens at an average price of 157.78 USD. Currently, Kulechov holds 84,033 AAVE tokens, with a total value of about 12.6 million USD, facing an unrealized loss of approximately 2.29 million USD.

The Nasdaq-listed Ethereum treasury company Intchains Group announced that it has signed a final agreement to acquire the proof-of-stake (PoS) technology platform under ECHOLINK Limited for a price of $1.3 million, aiming to provide staking services on blockchains such as Ethereum, Avalanche, and Manta for individual and institutional investors.According to data from Strategicthreserve, the company's current Ethereum holdings amount to approximately 8,820 coins.

According to Globenewswire, Nasdaq-listed Ethereum treasury company Intchains Group announced that it has signed a final agreement to acquire the proof-of-stake (PoS) technology platform under ECHOLINK Limited for a price of $1.3 million, aiming to provide staking services on blockchains such as Ethereum, Avalanche, and Manta for individual and institutional investors. Additionally, according to the latest data from Strategicthreserve, the company's Ethereum holdings currently amount to approximately 8,820 coins.

According to Globenewswire, the Ethereum treasury company Intchains Group announced that it has signed a final agreement to acquire the proof-of-stake (PoS) technology platform under ECHOLINK Limited for a price of $1.3 million, aiming to provide staking services on blockchains such as Ethereum, Avalanche, and Manta for individual and institutional investors.Additionally, according to the latest data from Strategicthreserve, the company's Ethereum holdings currently amount to approximately 8,820 coins.

ChainCatcher message, regarding Coinbase's acquisition of Echo, Cobie expressed on social media that when Echo was created two years ago, he was almost certain that 95% would fail, but he persisted, believing that even failure was worth trying.Now, he reveals that this deal surprised him but is very exciting, and states that the Echo platform will temporarily remain independently operated, but will integrate the Sonar public product into the Coinbase system, and may open up new channels for entrepreneurs to connect with investors, while creating investment opportunities for investors to access the Coinbase ecosystem.

ChainCatcher news, according to The Wall Street Journal, Coinbase has reached an agreement to acquire the cryptocurrency investment platform ECHO for $375 million. It is reported that the acquisition of ECHO is Coinbase's eighth deal so far this year, as Coinbase actively engages in acquisition activities taking advantage of the positive momentum brought by U.S. cryptocurrency policies.

ChainCatcher news, AI social PayFi platform Metya announced the completion of a new round of financing of $6 million, co-led by Echo3Labs and Greenwood Global Capital.Metya previously entered the OKX Venture Accelerator, ranking in the Top 3, and was in the Top 5 for BNB chain popularity dynamics. The founding team comes from ByteDance, with core team members from the leading social product TanTan, possessing 13 years of continuous successful entrepreneurial experience in the social field. This round of financing will be used to accelerate Metya's global ecosystem expansion and core product iteration, focusing on the MePay payment system and AI social applications, aiming to broaden coverage for new user growth across 14 countries in Europe, Southeast Asia, and the Middle East, creating a new generation of AI-driven social payment networks.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the crypto angel investor platform echo has been the project with the most new X (Twitter) top influencer followers, including DeFi analyst Ignas (@DefiIgnas), airdrop blogger Hebi (@hebi555), and Elizabeth (@Elizabethofyou).In addition, the projects with the most X top influencer followers also include Flying Tulip and Stellar.

ChainCatcher news, the stablecoin blockchain Plasma mainnet officially launched yesterday and introduced the native token XPL.According to the Echo data dashboard, if users invest 1000U on the Echo platform, they can receive approximately 310,000 U in return, with a yield of 318 times.