Headlines
▌Ethereum has launched the ETH withdrawal test network
Evan Van Ness, the founder of Ethereum News Weekly, tweeted that the Ethereum withdrawal test network has been launched. Parithosh, a member of the Ethereum Foundation, commented that “we will soon have a more public testnet for everyone to withdraw funds.”
Cryptocurrency
▌Andre Cronje: Fantom will focus on the development of Gas monetization, Gas subsidies, account abstraction, etc. next year
Fantom founder Andre Cronje published the "Letter to the Fantom Foundation Team" today, which mentioned the core focus of Fantom's plan in 2023. According to reports, next year Fantom will focus on vertical developers, and the overall goal will be to create a sustainable environment for dApp developers to differentiate it from other public chains. The core focus will include gas monetization, gas subsidies, account abstraction, economic abstraction of gas fees, new middleware (Fantom virtual machine, new storage mechanism), hardware constraints to optimize throughput (Pebble DB, flat storage, etc.), targeting new Builders and non-blockchain developers updated documentation and training, timely disclosure of financials, funding and funding opportunities for dapp teams, and more. In addition, Andre also mentioned in the letter that he has been formally nominated and accepted the position of board member of Fantom Foundation and Fantom Operations.
▌US SEC accuses Thor Technologies and Lianchuang of selling 2.6 million US dollars of illegal securities
The U.S. Securities and Exchange Commission (SEC) accused Thor Technologies and its co-founders David Chin and Matthew Moravec of conducting an unregistered securities offering through an ICO, amounting to $2.6 million. In 2018, the company minted and sold tokens to raise funds for its "gig economy platform," before development of the platform had even begun. The lawsuit against Thor and Chin has been filed in the U.S. District Court for the Northern District of California. The second lawsuit alleges that Matthew Moravec was also involved in an unregistered token offering and sale. He has agreed to a settlement with the SEC and accepted a judgment ordering him to fork over $407,103 plus $72,209.45 in prejudgment interest and pay a $95,000 civil penalty. Moravec will also be banned from participating in crypto asset offerings for three years.
▌Three Arrows Capital Lianchuang predicts events in the encryption industry in 2023: SBF will plead guilty; Genesis and Grayscale may face class actions, etc.
Kyle Davies, co-founder of Three Arrows Capital, predicted events in the encryption industry in 2023: SBF will plead guilty and about 100 people will be prosecuted, but SBF will not serve time in prison in 2023; Genesis and Grayscale may face class action lawsuits, SEC will file criminal charges against DCG for misconduct between affiliated subsidiaries; Binance will continue to gain market share; Tether will remain anchored; Dubai and Singapore remain global crypto hubs; BTC and ETH produce blocks, crypto is not dead.
▌Defrost Finance: Hackers have returned about $12.88 million in stolen funds and will return them to users as soon as possible
Defrost Finance, the Avalanche ecological native stablecoin project, announced on Medium that the hackers who participated in the V1 hacking attack had returned the funds, and the address starting with 0x5Ad3 controlled by Defrost had transferred 2443 ETH (approximately 297 million USD) and approximately 9.91 million DAI. Defrost stated that it will confirm the actual loss of the affected users as soon as possible, so that the funds returned by the hacker can be returned to the legitimate owner as soon as possible.
To address risks associated with specific LSTs, Eigenpie will also introduce Isolated Liquid Restaking (ILR), a method where tokens can only be minted by depositing a particular LST.
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BrianA sophisticated phishing attack exploits MailerLite, targeting Web3 firms and swindling $580,000, highlighting the urgent need for enhanced cybersecurity in the cryptocurrency sector
WeiliangU.S. authorities accuse German entrepreneur Horst Jicha of orchestrating a crypto pyramid scheme, defrauding investors of $150 million.
MiyukiRabby launches a points program, aiming to shift users from Metamask by offering various incentives, embracing a growing trend in Web3 projects.
BrianJPMorgan downgrades Coinbase amidst concerns over an anticipated Bitcoin ETF and ongoing legal battles.
Weiliang0x's new API offers a simpler, more intuitive way to trade cryptocurrencies by integrating gas fees into trade costs and promoting user-friendly, intents-based systems. However, it also raises questions about transparency and control in the evolving landscape of decentralized finance.
Miyuki