Josh Crites, Developer Relations Engineer at Aztec Protocol, will discuss developing new methods for privacy on the blockchain at Hack Seasons Brussels.

Register for free: https://lu.ma/hack_brussels

Join the conference on July 7th to expand your knowledge of confidential tokens, learn about crypto research, and network with key people in the industry.

#HackSeasons #Crypto #Protocol

- Mori Finance, an #Ethereum-based stable asset protocol, launches alpha #mainnet .

- Introduces ETHS (ETH Stable) and ETHC (ETH Coin) assets.

- ETHS for low-volatility stable investment, ETHC for high-volatility derivative investment.

- #Protocol divides collateral into distinct assets based on volatility.

- Aims to offer innovative #investment choices and cater to varying risk appetites.

- Launch brings unique options to #Ethereum ecosystem and DeFi strategies.

- Monitoring adoption, impact, and demand for diverse investment options will be crucial as Mori Finance develops.

$ETH $BNB $BTC

𝙏𝙧𝙚𝙣𝙙𝙞𝙣𝙜 𝙊𝙣 𝘽𝙞𝙣𝙖𝙣𝙘𝙚 𝙁𝙚𝙚𝙙🔥

- Cypher Protocol has recovered almost half of the stolen funds, valued at around $600,000.

- The exploit attack on August 7 led to a loss of $1 million for the company.

- On August 17, Cypher Protocol announced freezing almost 50% of the stolen funds across different Centralized Exchanges (CEX).

- The hacker targeted #DEX vulnerabilities, using various accounts to take funds in different cryptocurrencies like USDT, SOL, wETH, and more.

- Cypher #Protocol offered the attacker a 10% white hat bounty, but the funds weren't returned.

- A redemption plan is in place to distribute remaining #assets to affected users based on their shares or involvement level in the protocol.

- #Cypher Protocol operates as a #decentralized futures exchange on the Solana (SOL) blockchain, offering lending and borrowing services with cross-collateralized subaccounts.

💰 Solana Labs co-founder introduces #BunkerCoin whitepaper.

Solana Labs Co-Founder Anatoly Yakovenko unveils BunkerCoin, a blockchain protocol aimed at enhancing connectivity in low bandwidth environments

#Solana #Blockchain #Protocol

1. On August 18, separate attacks struck decentralized finance (DeFi) platforms Exactly and Harbor, as reported by blockchain security firms DeDotFi and PeckShield.

2. Exactly #Protocol suffered a breach where 4,323.6 Ether (ETH) worth around $7.3 million was stolen. The hackers moved 1,490 ETH via the Across Protocol and 2,832.92 ETH via Optimism Bridge.

3. Despite initial reports of over 7,160 ETH stolen, revised information confirmed a smaller amount. The attackers exploited the DebtManager periphery contract by using a malicious market contract address to bypass security checks and execute a deposit function, stealing assets deposited by users.

4. The Exactly Protocol team filed a police report and is attempting to engage with the attackers to recover the stolen assets.

5. Harbor, an interchain stablecoin protocol, was also attacked on the same day. The extent of the stolen crypto assets, which included funds from stable-mint, stOSMO, LUNA, and WMATIC vaults, is currently undisclosed. Harbor is working to trace the funds and assess the total losses.

6. These incidents add to a series of security breaches in the DeFi sector over recent weeks, including a Vyper programming language vulnerability leading to a $61 million loss in stablecoin pools on #Curve Finance, as well as compromised protocols like Earn.Finance and Zunami Protocol with substantial #ETH losses.

$BTC $BNB $SOL

Swift, the interbank messaging system, and Chainlink, a Web3 services platform, have successfully conducted experiments involving the transfer of tokenized value across various private and public blockchains. This collaboration has the potential to reduce friction that has been impeding the growth of tokenized asset markets and facilitate their global scalability as they continue to evolve.

In #partnership with dozens of financial institutions, including BNP Paribas, BNY Mellon, The Depository Trust & Clearing Corporation, and Lloyds Banking Group, Swift and Chainlink aimed to explore how they can connect with multiple blockchain networks. The goal is to improve financial markets by experimenting with asset tokenization.

Tom Zschach, Chief Innovation Officer at Swift, highlighted the importance of seamless connectivity within the financial ecosystem for tokenization to realize its full potential. Chainlink's #Cross-Chain Interoperability #Protocol (CCIP) played a crucial role in enabling the connection between Swift and different blockchains, contributing to the advancement of cross-chain applications and services.

This #collaboration demonstrates the ongoing efforts within the financial industry to leverage blockchain technology and tokenization to enhance efficiency and transparency, particularly in areas such as bond markets.

$LINK

#NEAR Protocol's Q2 roadmap update:

1. **Main #Network Improvements:** NEAR #Protocol has made significant enhancements to its main network, resulting in improved performance.

2. **Status Reading Performance:** NEAR Protocol achieved an impressive 8x increase in status reading performance, enhancing overall network efficiency.

3. **New Features:** The team introduced background write features, enabling more efficient #data management. They also implemented cold storage for improved data security.

4. **Status Synchronization Tool:** A new status synchronization tool has been introduced, likely to enhance network synchronization and consistency.

5. **Account #Scaling Changes on Hold:** Plans for changes related to account scaling have been temporarily postponed.

6. **Q3 Roadmap Focus - Phase 2 of Sharding:** In the upcoming Q3, NEAR Protocol will prioritize Phase 2 of sharding, aiming to reshard the mainnet state. This phase also involves reducing the burden on block producers to track all shards.

7. **Time Projection:** The effort for Phase 2 of sharding is anticipated to take more than a quarter to complete, indicating an extensive timeline for this crucial development.

$NEAR $BTC $BNB

Users are advised to withdraw relevant LPs from the affected pool

According to Beosin's monitoring, Balancer has suffered multiple flash loan attacks, resulting in a total loss of $870,000. Users are advised to follow official prompts to withdraw LPs from the pool affected by the vulnerability. Balancer announced on X platform (formerly Twitter) that they cannot suspend the pool affected by the vulnerability, and users need to withdraw LPs themselves to reduce risk.

Previously, Gearbox #Protocol issued a statement stating that the flash loan attack on their platform was only related to the #Balancer pool, and the Gearbox #contract and credit #account remained safe without any loss.

$BAL

Binance has announced the successful integration of Maverick Protocol (MAV) on the BNB #Smart Chain (BEP20). Deposits and withdrawals for Maverick Protocol (MAV) are now available on the #BNB Smart #Chain (BEP20). Users can find their assigned Maverick #Protocol ( #MAV ) deposit address on the BNB Smart Chain (BEP20) within the Deposit Crypto page, and the Maverick Protocol (MAV) smart contract address on the BNB Smart Chain (BEP20) can be found as well.

$MAV

#Lido Finance #Protocol Considers Ending Support for #Polygon
The Lido Finance protocol is contemplating the possibility of concluding its operations on the Polygon network. This decision is substantiated by several factors, including recent technical issues, uncertainty in development plans, and the absence of other liquid staking service providers. Low staking profitability is also taken into account when making this decision. With the current Total Value Locked (TVL) of 151 million #MATIC tokens, a nominal yield of 4.17%, and a 5% #DAO commission, it is expected that the project will only earn $166,863 per year.
The proposer also mentioned the temporary suspension of fund withdrawals from the protocol for 25 days after a network upgrade that resulted in an error. They emphasize the importance of considering reputational risk and express satisfaction that negative sentiments within the community (FUD) did not arise at the time.
The developer also points out significant challenges associated with the planned transition to the Polygon 2.0 architecture, expected over the course of several years. This transition will require substantial changes and additional audit expenses, which may lead to the aforementioned issues.
The proposer suggests focusing solely on working with the Ethereum network and avoiding the risks associated with other blockchains that have a low Total Value Locked (TVL) in circulation.
Lido Finance recently announced the discontinuation of support for the Solana network.
It is worth noting that Glassnode analysts conducted an analysis of the impact of Lido's liquid staking on the Ethereum network and predicted further growth in the protocol's share in this segment.

- #Polygon Labs collaborates with Meroku and its #Protocol V2 to enhance the #DApp Store Kit.

- The DApp Store Kit empowers #developers to establish distribution, management, and #governance rules while retaining brand control and monetization.

- The kit is centered around the DApp registry, introduced by Meroku with '.appStore' and '.dev' extensions, offering developers control over registrations.

- This autonomy allows developers to create app stores independently, bypassing centralized databases.

- Upcoming verification tags for DApps will augment transparency and credibility within the ecosystem.

$MATIC $BNB $ETH

- #Binance Labs commits $10 million to Helio Protocol, an innovative project shaping the future of DeFi.

- #Helio #Protocol integrates over-collateralized stablecoin lending and borrowing on #BNB Chain with multi-chain StaaS and #LSDfi through Synclub.

- Funds will be used to diversify collateral across liquid staking providers and support multi-chain growth, ensuring a robust and secure platform for the LSDfi community.

- Helio Protocol's total value locked (TVL) is around $300 million, with $260 million in staked assets.

- Binance Labs' commitment underlines support for innovative projects driving the future of the Web3 industry.

- Helio Protocol acquired Synclub in July 2023 to maximize HAY's potential by using additional LSTs as collateral.

- Synclub's staking infrastructure enhances security and innovation, bringing new product features and opportunities.

- Yi He, Co-Founder of Binance, and Head of Binance Labs, emphasizes Binance Labs' dedication to fostering DeFi growth.

- Helio Protocol aims to expand its team, diversify collateral, and support multi-chain growth with the allocated funds.

- The project will release a development roadmap and refresh its branding for growth and innovation.

- Helio Protocol's mission is to provide a secure, high-security LSDfi infrastructure, enhancing capital efficiency and rewards.

- Toru, Founder and CEO of Helio Protocol, highlights the investment's impact on growth and resources.

- Helio Protocol's Synclub has 11,000 HAY holders and approximately $300 million TVL, with $260 million assets managed on Synclub's validator node, ranking it second-largest validator on BNB Chain.

$BNB $ETH $BTC