Crypto Guides, Knowledge & Insights

CertiK Discovers Critical Vulnerability in Solana Phone, Allowing Assets to be Drained Within Second

In recent days, CertiK has identified a critical bootloader vulnerability in Solana Phone. CertiKs testing experts successfully jailbroke the phone within a minute and swiftly looted all assets stored on the device through a few simple steps.　　The fundamental issue of this vulnerability lies in an insecure “bootloader unlock” feature. Apart from stealing users assets, this vulnerability also exposes all personal data stored on the device. Over 2,100 devices have been at serious risk since early April.　　Given the complexity of the vulnerability and the necessity of physical access, CertiK has informed Solana and publicly issued this vulnerability warning to safeguard Web3 users and encourage them to take effective measures to protect their assets.　　CertiK released a video on November 15, providing a detailed analysis of this vulnerability. They emphasize that this vulnerability is not exclusive to Solana Phone and recommend that relevant projects and developers take immediate action to strengthen bootloader protection.　　

2023-11-16Deep Dive

Linea Prepares for Next Major Release, Alpha V2, and Open Sources Linea Stack

Linea announced on X platform that it is preparing for the next major version, Alpha V2. The new version aims to lower transaction costs, improve speed, and achieve 100% EVM coverage. Additionally, Linea Stack will be open-sourced.　　With the upcoming Dencon upgrade on Ethereum (EIP-4844), Alpha V2 will use blob to store call data on L1, significantly reducing Rollup costs. The team is also working on lowering fixed transaction costs by compressing data sent to L1 and aggregating proofs. Linea plans to reduce block time to 4 seconds, tripling the speed, and introduce mechanisms to further reduce block time in the future.　　To accommodate client diversity, both Besu and Geth are supported, and the new Linea sorter will replace Linea-Geth with Linea-Besu.　　Linea is collaborating with the MetaMask team to develop plans for better serving the Linea ecosystem.　　

2023-11-16Deep Dive

HashKey Exchange Unveils Listing Fee Policy, Expected to Range Between $50,000 and $300,000

According to the official announcement, HashKey Exchange has disclosed its listing fee policy. The details are as follows:　　Applicants seeking listing should pay a non-refundable application fee of $10,000 or the equivalent when submitting the listing application form to enter HashKey Exchanges token review process. Payment of the application fee does not guarantee successful listing on HashKey Exchange.　　In addition, applicants should pay a one-time listing fee before being officially listed on HashKey Exchange. The listing fee will be determined based on the complexity, unique features, and trading structure of the token, with significant variations possible. It will impact the participating teams, expert opinions, and the regulatory approval process. The listing fee on HashKey Exchange will reflect the required workload, expertise, and resources.　　The following factors will influence the determination of the fee: token type, complexity of the trading structure, due diligence and compliance, expert opinions, and advisory services.　　Considering these factors, the listing fee on HashKey Exchange is expected to range between $50,000 and $300,000, with the specific amount depending on the aforementioned factors.　　

2023-11-16Deep Dive

CME "Fed Watch": Probability of Interest Rate Unchanged in December Rises to 100%

According to CMEs “FedWatch,” the probability of the Federal Reserve keeping interest rates unchanged in December within the range of 5.25% to 5.50% is 100%. Earlier, before the release of the CPI data on November 14, according to CMEs “FedWatch,” the probability of the Federal Reserve keeping interest rates unchanged in December was 85.9%.　　

2023-11-16Deep Dive

Matrixport Maintains Prediction of Bitcoin Price Surging to $45,000 by Year-End

Matrixport posted on the X platform, stating that despite market resilience, the bulls continue to dominate, and Bitcoin has withstood the selling pressure. Inflation data shows that the U.S. non-seasonally adjusted CPI year-on-year for October has dropped to 3.2%, suggesting the possibility of a rate cut by the Federal Reserve. The U.S. government did not experience a shutdown, ensuring government funding support and keeping the hope alive for the approval of a Bitcoin ETF. With the market maintaining a bullish outlook, Matrixport maintains its long-term expectation for Bitcoins year-end target price of $45,000.　　

2023-11-16Deep Dive

Lendora Faces Potential "Exit Scam," Strong Ties to Multiple Fraudulent Projects Detected

On the X platform, blockchain investigator ZachXBT has posted a message indicating that the DeFi lending protocol Lendora Protocol, based on the Scroll network, may be on the verge of an “exit scam.” Users are advised to withdraw their assets immediately for the following reasons:　　The Lendora teams multi-signature address received $83,000 from the Kokomo exit scam.　　Several users of the protocol are linked to the Kokomo and Bass Exchange exit scams.　　The protocol utilizes the same underlying security company, Vital Block, as the Magnate scam.　　ZachXBT mentioned that this organization has been involved in other crypto scams, including Magnate, Solfire, Hash DAO, Kokomo, Snowflake, with a total amount involved exceeding $16.2 million.　　In a subsequent update, ZachXBT noted that the Lendora Protocol website is now offline, and the project contract has been suspended. Users are strongly urged to exercise caution and take prompt action to secure their assets in such situations.　　

2023-11-15Deep Dive

Report: In October, 73.1% of Web3 games had fewer than 10 active users.

Blockchain analytics platform Footprint Analytics has released a research report indicating a 15.8% growth in the token market value of the Web3 gaming industry in October. The report states that there are 2,651 games available for users to choose from, but 73.1% of these games (1,937) have fewer than 10 active users.　　Among Polygon-based games, there are 38 games with over 1,000 active users, accounting for 8.1% of the total number of games on the Polygon network. On the BNB Chain, games with over 1,000 active users make up 5.4%, and on the Ethereum network, the percentage is 1.7%.　　

2023-11-15Deep Dive

Foresight Ventures Announces Acquisition of Majority Stake in The Block at a Valuation of 70 Million

Foresight Ventures has announced the acquisition of a majority stake in the cryptocurrency media outlet, The Block, in a deal valuing The Block at $70 million. The Block will continue to operate as an independent business and maintain its existing business lines. As part of the acquisition, Forest Bai, CEO of Foresight Ventures, will assume the role of Chairman of the Board at The Block. Additionally, Tony Cheng, a partner at Foresight Ventures, will join The Blocks board of directors. Larry Cermak will continue to serve as CEO of The Block.　　

2023-11-15Deep Dive

Binance Deployer's Wallet Hacked, 27 Million USDT Stolen, Possibly Due to Private Key Leak

Bit Jungle analyzed the reasons behind the recent theft from a cryptocurrency wallet associated with a Binance deployer. According to reports, the wallet was compromised, and the hacker stole 27.07 million USDT and 11 ETH. Subsequently, the hacker conducted cross-chain transfers of most of the funds using platforms like ChangeNow, FixedFloat, SideShift, among others. However, a small portion of the funds was converted into ETH but has not been transferred yet.　　BitcoinTreasuries speculates that the theft may be due to a private key leak, and the private key leak could have been a result of a phishing attack. BitcoinTreasuries states that they will continue to monitor and provide updates on the investigation, including any evidence linking the hacker to other cases that they have identified.　　

2023-11-15Deep Dive

CoinShares Report: Last Week Witnessed a $293 Million Inflow into Digital Asset Investment Products

CoinShares weekly report indicates that the total inflow into digital asset investment products last week was $293 million, bringing the year-to-date inflow to $1.14 billion. Bitcoin ETP (Exchange-Traded Product) trading volume accounted for 19.5% of the total Bitcoin trading volume on trusted exchanges, suggesting that ETP investors were more involved in this uptrend compared to 2020 and 2021.　　The total inflow into Bitcoin last week was $240 million, bringing the year-to-date inflow to $1.08 billion. Ethereum saw its highest inflow since August 2022, reaching $49 million. Solana experienced additional inflows totaling $12 million.　　

2023-11-15Deep Dive

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