Foresight Daily
Payment giant Stripe completes a $6.5 billion Series I financing round with a valuation of $50 billion, Primary investors include existing Stripe shareholders—Andreessen Horowitz, Baillie Gifford, and others.
Offshore RMB stablecoin issuer CNHC Group raises $10 million in Series A+ financing, led by KuCoin Ventures.
Archblock, the issuer of TUSD, transfers $1 billion in reserves to a bank in the Bahamas.
Bankruptcy judge Michael Wiles denies the U.S. government’s request to halt Binance.US’s $1 billion acquisition of Voyager.
Euler Finance announces on Twitter that the Euler Foundation is offering a $1 million reward for information helpful to the arrest of hackers and the return of stolen funds.
Uniswap has officially launched on the BNB Chain, with current TVL on Uniswap on BNB Chain around $3.7 million, according to the official website.
A16z will continue to work with Silicon Valley Bank, but is also developing a longer-term diversity plan.
USDT’s stablecoin market share reaches 56.4%, a new 18-month high.
Ark Invest raises $16.3 million for its new cryptocurrency fund, which has both domestic and Cayman Islands versions.
The total number of Bitcoin addresses has exceeded 1.1 billion.
South Korean authorities expand cooperation with overseas institutions and seek to extradite six individuals, including Do Kwon.
Chinese search engine Baidu (9888.HK) officially launches its large language model “Ernie Bot”, with its stock price falling by 6% after the press conference.
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Articles
SlowMist: An Analysis Of The Attack On Euler Finance
The primary reason for this attack is the absence of liquidity checks in critical functions that involve user funds, which, when combined with a liquidation mechanism that dynamically updates discounts, creates lucrative arbitrage opportunities for attackers to siphon off a large amount of collateral without the need for collateral or debt repayment. As a result, the SlowMist Security Team recommends that lending protocols incorporate necessary health checks in functions that involve user funds, while also considering the security risks that can arise from combining different modules. This will allow for the design of secure economic and viable models that effectively mitigate such attacks in the future.
Web3 “Enclosure Movement”, No One Can Ignore
In any case, Web3 has 250 million users worldwide, and its penetration has extended from the financial field to gaming, social networking, content creation, communication, travel, medical care, education, shopping, supply chain, manufacturing, finance, marketing, corporate governance, and other fields. At the current rate of land grabs, it may take less than five years for Web3 to reach 1 billion users worldwide, and 60 percent of the world’s population in as soon as 10 years. In other words, it will take just over a decade for Web3 to eat the world. Are you ready for the steepest climb in output since the Stone Age, when the world will look different in a generation?
Worldcoin’s Digital Identity Protocol Goes Live Alongside GPT-4
As Altman-backed OpenAI progresses, so does the tech titan’s identity venture.
Are You Too Late To Bitcoin?
What is the “top” for an immutable money that becomes the standard for humanity? Why it’s time to get off zero.