@lookonchain (on X) The seemed to be in a hurry and copied a | kaymyg di Binance Square

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@lookonchain (on X)The #Poloniexhacker seemed to be in a hurry and copied and pasted the wrong address, transferring 10.5M #GLM  ($2.5M) to the token contract address.

The 10.5M #GLM ($2.5M) was essentially burned. 

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The @Ethereum Foundation has announced the launch of the #Mekong testnet as a step towards the #PectraUpgrade fork on the #Ethereum network. Mekong integrates all proposed Ethereum Investment Proposals (EIPs) for Pectra, which include improvements in user experience, staking, and deposit and exit mechanisms. Designed as an experimental platform, Mekong allows wallet developers and stakers to test these updates before they are implemented on Ethereum's mainnet, anticipated in Q1 2025. Mekong operates independently of other test networks like #Holesky or #sepolia , though it will inform the Pectra upgrade rollout across Ethereum’s networks.

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#Solana 's memecoin market surged by 30% overnight, reaching a total market cap of $12 billion, indicating significant ecosystem growth and increased speculative interest. The surge was fueled by heightened interest in high-volatility assets, potentially influenced by the 2024 U.S. presidential race and social media buzz. Leading memecoins like *dogwifhat ($WIF )* and *Bonk ($BONK )* saw notable gains of 13.31% and 16.62% respectively. Despite the positive momentum, the #memecoin market remains highly speculative, driven by hype and trends, posing risks of sudden price drops. The sustainability of this growth depends on continued community interest, Solana's low fees, and high transaction speeds, alongside broader market trends. $SOL

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#SonicLabs will take a snapshot on December 1, 2024, of wallets holding the complete set of six #SonicShardNFTs , allowing eligible holders to access a future airdrop. These Sonic Shards were obtained through weekly challenges or secondary marketplaces like #PaintSwap . The mainnet launch at the end of 2024 will feature a Layer 2 Ethereum bridge, enhancing connectivity and liquidity. The platform uses HyperGrid's Rollup scaling solution to optimize transactions and is compatible with the Solana Virtual Machine, supporting the #Solana ecosystem and its developer community. $FTM $SOL

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#Glassnode In the wake of the highly anticipated US Presidential Election, #Bitcoin has broken to a new ATH of $75.4k. Under the surface, volatility continues to brew across option markets while on-chain capital inflows continue to expand, suggesting a persistent inflow of new demand. $BTC

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BEP-341 is an approved Binance Evolution Proposal for the Binance Smart Chain (BSC) that enables validators to produce multiple consecutive blocks (now set at four) instead of rotating after each single block. This change aims to improve transaction throughput and network efficiency. Key points include: 1. Consecutive Block Production: Validators can produce four consecutive blocks, optimizing transaction processing time and increasing TPS (transactions per second). 2. Governance-Controlled Parameters: The number of consecutive blocks (initially set to four) can be adjusted via governance if needed. 3. Anti-MEV Measures: To mitigate risks of validators manipulating transaction ordering for profit, additional fees may be allocated to the SystemRewardContract. 4. Security & Liveness: Validator rotation and the requirement for active participation of over half the validators safeguard network integrity and prevent centralization risks. Action Required for Centralized Exchanges (CEXs): CEXs that support #BSC need to: Integrate the Fast Finality API to ensure seamless deposit confirmations under the new block production system. Implement a 60-Block Confirmation Fallback in case the Fast Finality API fails, as an added security measure. This BEP is live and intended to improve network throughput while maintaining security and fairness across the validator ecosystem. #bep341 $BNB

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