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tech

GSR invested $57 million to acquire Autonomous and Architech, entering the cryptocurrency full lifecycle capital market

Cryptocurrency market maker GSR announced the acquisition of Autonomous and Architech for $57 million, building an integrated capital market and fund management platform that covers the entire lifecycle of projects from launch to expansion.After the acquisition is completed, Autonomous will continue to operate independently, providing support for the launch and operation of tokenized organizations; Architech will become a core component of GSR's digital asset consulting business. This acquisition marks GSR's further transformation into a "one-stop capital market service provider for crypto," strengthening its layout in the institutional-grade infrastructure and full-cycle service fields.This integration aims to address the current issues in the crypto industry regarding the decentralization of services and inconsistent incentives in areas such as token issuance, governance design, liquidity, financing, and listing strategies, by providing collaborative support through a unified framework. Additionally, clients will have access to GSR's existing institutional trading, derivatives, and asset management capabilities. GSR stated that the platform will also focus on enhancing the treasury management capabilities of crypto projects, covering liquidity planning, cash flow forecasting, risk management, and asset allocation strategies, promoting the transition of crypto funds from passive holding to sustainable returns and diversified allocation.

OKX Star: The Wuhan Anshun Technology attack incident is not due to a security vulnerability in the OKX Web3 wallet

OKX founder and CEO Star responded to the "hacker attack incident involving a plugin vulnerability by the Wuhan Anshun Technology team" by stating, "The OKX Wallet security team has completed its investigation, and describing the original text as 'OKX wallet vulnerability' is inaccurate. Two points need clarification:This incident is not a security vulnerability of the OKX Web3 wallet. The attack method involved hackers controlling user devices through Trojan software, then stealing locally stored encrypted files and passwords by tampering with webpage JS code to implant hooks or by monitoring keyboard inputs.The OKX Web3 wallet is a 100% self-custody wallet. Private keys and passwords exist only on the user's own device, and OKX cannot access or control user assets. However, if the user's device has already been compromised by hackers, then no wallet—including MetaMask—can guarantee security. It's like a thief has already been able to operate your computer and see all your keyboard inputs.Users are advised to avoid installing software or plugins from unknown sources, regularly check device security, and properly protect their mnemonic phrases and private keys."It is reported that the Wuhan Anshun Technology team controlled a large number of user terminals to steal mnemonic phrases and remotely transfer digital assets, with the amount involved reaching 7 million dollars.

Vitalik interprets the Ethereum Foundation's new mission statement: to double down on Ethereum and promote it as a "technological safe haven."

Vitalik Buterin posted on the X platform to interpret the Ethereum Foundation's new mission statement, "EF Mandate." He expressed that he will double down on Ethereum and is full of expectations for its future development.Vitalik Buterin pointed out that Ethereum has a unique role in the global digital ecosystem, with its mission being to become a "sanctuary technology" to maintain technological self-sovereignty and promote collaboration in a non-coercive, non-dominant environment. The core goal of Ethereum is to ensure that no individual, organization, or ideology can achieve absolute control in cyberspace and to provide users with an "exit mechanism." The Ethereum Foundation, as the "guardian" of the network, will continue to focus on advancing the CROPS principles, which include censorship resistance and anti-capture, open source, privacy, and security. It will prioritize decentralization, verifiability, network activity, and security at the protocol level while promoting capability upgrades such as account abstraction to reduce reliance on intermediaries.At the application layer, the Ethereum Foundation will strive to create a "zero option" user experience that balances security, privacy, and user autonomy, complementing broader ecosystem projects to jointly promote the development of the Ethereum ecosystem.

U.S. SEC Chairman: Tokenized securities are still subject to securities laws, and distributed ledger technology has many potential benefits for the financial industry

The chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, stated during his appearance on the All-In Podcast, "From my perspective, distributed ledger technology (DLT) has many potential benefits for the financial services industry, and we are at a tipping point where T+0 settlement—almost instantaneous delivery and payment, even through on-chain digital assets—could be realized. This is very exciting. To prevent issues like fraud, we may even need to set up some speed bumps. However, there are also challenges, such as liquidity issues. What does the concept of best bid and ask mean in this new system? This is one of the problems we need to solve.Our principle is: if an asset is essentially a security, even if it is tokenized, it is still a security, and federal securities laws still apply. But regulators have the responsibility to ensure that our rules truly apply to new practical uses. As the purposes of trading and methods of delivery change, we also need to make corresponding adjustments. We need to adjust the system to make it truly applicable to the new technological environment.This is exactly what we are currently working on—reviewing our regulatory rules line by line to ensure they can adapt to the development of emerging technologies. The SEC is coordinating regulation with the CFTC. For example, if an asset is a tokenized security, it falls under the SEC's regulatory framework; whereas if it is a digital currency, digital token, digital tool, or digital collectible, it falls under the CFTC's regulatory scope."
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