Binance Square

Последните новини и прозрения за DeFi от днес

--

Cipher Mining Secures $50 Million Investment from SoftBank

According to Foresight News, Nasdaq-listed Bitcoin mining company Cipher Mining has received a $50 million investment from SoftBank through a Private Investment in Public Equity (PIPE) deal. The funds will be used to support the development of Cipher Mining's high-performance computing data centers.PIPE investments involve private equity funds, mutual funds, or other qualified investors purchasing shares of a publicly traded company at a discount to market price to expand the company's capital. These investments are typically categorized into traditional and structured forms.
7
--

Security Flaw Discovered in Succinct's SP1 ZKVM

According to Odaily, LambdaClass recently identified a critical security flaw in the proof generation process of Succinct's SP1 ZKVM, leading to intense scrutiny. The vulnerability in version 3 of SP1 was discovered in collaboration with 3Mi Labs and Aligned, resulting from the interaction of two separate security issues. Succinct had previously informed its users of this potential flaw via Github and Telegram. Although the issue was swiftly addressed before disclosure, it raised concerns about the transparency of security practices in zero-knowledge virtual machines (ZKVM).The SP1 technology is currently supporting upgrades in rollup infrastructure development. Mantle Network has integrated SP1 to transition to ZK validity rollup, aiming to reduce transaction completion time and support institutional-grade asset settlement. AggLayer uses SP1 to generate pessimistic proofs, ensuring the security of its cross-chain interoperability solutions. Taiko has adopted SP1 as a ZK prover to secure its multi-prover system L2 execution. Soon, a relatively new project, is building an SVM rollup framework using SP1-supported ZK fault proofs for settlement on Ethereum, similar to Eclipse, which uses RISC Zero.LambdaClass cautioned that the full impact of the vulnerability requires further assessment. The exploit depends on the interaction between two issues, indicating that fixing one may not be sufficient to prevent exploitation. LambdaClass developer Fede emphasized on social media that his team felt compelled to disclose the issue publicly after perceiving a lack of urgency from Succinct.Anurag Arjun from Avail stated that Succinct's leadership acted responsibly in addressing the issue but agreed that better public disclosure practices are needed. Arjun confirmed that his team was privately informed of the issue before public disclosure. Avail's deployment was not at risk as they rely on Succinct's proprietary prover, which remains permissioned. Avail's rollup client has not yet begun using its SP1-driven bridge contracts, so there was no actual impact.Meanwhile, supporters of Succinct highlighted that responsible disclosure typically involves private reporting before public statements to avoid unnecessary panic and potential exploitation. Additionally, version 4 of Succinct's SP1 update, known as Turbo, has addressed the discovered vulnerabilities, and downstream projects have begun integrating these fixes.
8
--

Tokenized Bond Market Predicted to Reach $300 Billion by 2030

According to Cointelegraph, the tokenized bond market is projected to expand significantly, potentially reaching a valuation of at least $300 billion by 2030. This represents a 30-fold increase from its current size. Lamine Brahimi, co-founder of Taurus SA, a digital asset company, shared these projections, citing research from McKinsey. The $300 billion estimate encompasses government, municipal, and corporate bonds.Brahimi highlighted the advantages of tokenizing bonds, such as near-instant settlement times, reduced transaction costs, and the democratization of investment through fractional ownership. The broader category of tokenized real-world assets (RWAs), which includes bonds, stocks, stablecoins, and other tangible items, is expected to achieve a market cap of $10 trillion by 2030 as the global economy increasingly moves onchain.During a recent World Economic Forum summit in Davos, BlackRock CEO Larry Fink emphasized the potential of tokenizing all stocks and bonds onchain. He noted that this shift could democratize investment markets by lowering entry barriers. Data from RWA.xyz indicates that the tokenized US treasury sector currently boasts a market capitalization exceeding $3.4 billion, with the Hashnote Short Duration Yield Coin (USYC) holding the largest market share at over $1.2 billion. BlackRock’s United States dollar Institutional Digital Liquidity Fund (BUIDL) follows with a market cap of over $642 million.In July 2024, BUIDL became the first tokenized treasury fund to surpass the $500-million mark, maintaining its position as the largest tokenized treasury product until December 2024. Currently, $2.4 billion of the $3.4 billion in tokenized treasuries are hosted on the Ethereum network. Despite the promise of reduced transaction costs for both buyers and issuers, the tokenization of real-world assets faces challenges. Some pilot programs for tokenized bonds fail to fully leverage the permissionless and cost-saving features of blockchain technologies. The involvement of unnecessary human intermediaries in the bond tokenization process introduces redundancies, increasing costs and diminishing the value proposition of onchain finance.
27
Разгледайте най-новите крипто новини
⚡️ Бъдете част от най-новите дискусии в криптовалутното пространство
💬 Взаимодействайте с любимите си създатели
👍 Насладете се на съдържание, което ви интересува
Имейл/телефонен номер
Съответен създател
Binance News
@Binance_News
Карта на сайта
Предпочитания за бисквитки
Правила и условия на платформата