Planet Daily | Connext airdrop found loopholes; Hayes said it has been in a bull market recently (September 6)

Headlines

The total airdrop size of Connext token NEXT exceeds 105 million

Connext posted on the community forum that after the community witch screening plan is completed, the latest distribution plan of NEXT tokens is as follows: the total airdrop size is 105,631,496.18 pieces, the number of airdrop wallets is 57,801; the circulating supply at the time of issuance is 106,841 , 704.25 coins, and the community allocated 62, 600, 196.08 coins. It is reported that Connext will airdrop NEXT tokens to early users of Polygon, Arbitrum, Optimism and Gnosis Chain. Applications will be open from 21:00 on September 5, 2023 to 21:00 on March 6, 2024, Beijing time.

Connext Airdrop Contract Suspected to Have Vulnerability

Some community users reported that the Connext airdrop contract is suspected of having a loophole, and “scientists” can use the loophole to steal unlimited NEXT airdrops from other users (only need to know the address details of the airdrop qualifying account). According to follow-up analysis by Twitter user 0x Seaside: receiving a large number of airdrops is not stolen, but the address collected by “scientists”. The contract “allows Person A to receive the airdrops if he has the air to invest, as long as Person B’s signature authorizes Person A.” So far, no official response has been issued.

Industry News

Fed Governor Waller: More data is needed to show the Fed has ended raising interest rates

Fed Governor Waller said that recent data will allow the Fed to move forward cautiously and does not show that we need to take any immediate action; more data is needed to show that the Fed has ended raising interest rates. The Fed will have to keep interest rates high until inflation comes down.

Visa will send USDC to selected merchants via Solana in new pilot program

Visa said Tuesday that it will begin sending USDC to select merchants via the Solana blockchain in a newly announced pilot program. Credit card holders simply swipe or tap to buy something, while Visa handles the payment process in the background. After the purchase, the cardholder’s bank wires the money to Visa’s treasury, from which Visa withdraws the funds and sends them to the merchant’s bank.

Tether holds $72.5 billion in U.S. Treasury bonds, the world’s 22nd largest holder

Paolo Ardoino, chief technology officer of Tether, said that Tether currently holds US treasury bonds of $72.5 billion, exceeding the amount held by the United Arab Emirates, Mexico, Australia and Spain, becoming the 22nd largest holder in the world. Previously, Tether’s transparency report showed that it currently holds nearly $3.3 billion in liquidity buffer reserves, distributed across 15 blockchain ecosystems. Among them, the Solana ecosystem leads in terms of pre-authorized issuance value, currently $1.57 billion, with Ethereum and Tron ranking second and third with pre-authorized $617 million and $353 million respectively.

Arthur Hayes: Bitcoin has been in a bull run since Silicon Valley Bank was taken over in March

BitMEX co-founder and former CEO Arthur Hayes said at the 2023 South Korea Blockchain Week that Bitcoin has been in a bull market for the past 6 months or so, but the market has not yet reacted, and it is estimated that it will be in 6 months Respond within 12 months. Hayes believes that Bitcoin’s current bull market began on March 10, the day Silicon Valley Bank (SVB) was taken over by the Federal Deposit Insurance Corporation.

Since then, the price of Bitcoin has been rising and is currently up about 26%, which is why he claims that the bull market started that day. (Cointelegraph)

People familiar with the matter: South Korea intends to submit a bill to track and freeze North Korea’s illegal cryptocurrency

South Korea plans to submit a bill to track and freeze illicit cryptocurrencies and virtual assets in North Korea, according to several people familiar with the matter. The bill was first announced in November 22, and the latest version includes measures to “track and freeze virtual currency and other encrypted currency assets stolen by North Korea through hacking.” South Korea’s intelligence service reported that North Korea stole 1.7 trillion won ($1.28 billion) worth of bitcoin and ethereum through various hacking groups in 2022 alone.

Project News

Synapse’s market-making partner Nima Capital is suspected of dumping 9 million SYN

Community members disclosed that Synapse’s first market-making partner, crypto venture capital institution Nima Capital, sold 9 million SYN, causing the token price to plummet today. In March this year, Nima Capital was appointed as Synapse’s first market making partner. According to the relevant proposal, Nima Capital committed to provide Synapse with market making services for a period of 12 months with a liquidity scale of US$40 million. Community members pointed out that Nima Capital has removed liquidity ahead of schedule, with eight months left until the end of its promised service period.

Nima Capital recently sold an apartment for $80 million, or is selling all its assets

Nima Capital suddenly sold 9 million SYN today, causing the price of the token to plummet in the short term. And real estate outlet Mansion Global reported last month that a Nima Capital-related entity recently sold a luxury New York condo for $80 million. In this regard, community users including EnigmaFunge, founder of Enigmafund, commented that Nima Capital may have a problem with its financial situation and is therefore selling off its assets, including cryptocurrency.

Circle launches native USDC on Base and OP Mainnet

Circle announced that it has launched native USDC on Base and OP Mainnet (aka Optimism). Earlier, people familiar with the matter revealed that USDC will be launched on six new blockchains including Polygon PoS, Base, Polkadot, NEAR, Optimism and Cosmos through the Noble network.

Starknet V 0.12.2 has been deployed on the main network, including several key upgrades

According to official news, Starknet announced that version V 0.12.2 has been deployed on the mainnet. This release includes some key upgrades to improve network performance and reliability.

Investment and Financing

Fintech platform GenTwo closes $15 million Series A round led by Point 72 Ventures

Swiss fintech platform GenTwo has raised $15 million in Series A funding led by Point 72 Ventures. GenTwo will use the funding from the round to grow and develop its platform internationally. GenTwo’s PRO platform allows investors to securitize and bring to market any asset or investment strategy in the form of bankable securities. Additionally, Pete Casella, senior partner and co-head of fintech investments at Point 72 Ventures, joins GenTwo’s board of directors.

Chatbot service provider Glenen completed US$4.9 million in financing, with participation from Coinshares, Solana Lianchuang and others

Chatbot service provider Glenen completed an oversubscribed financing of US$4.9 million, with participation from Slow Ventures, 6th Man Ventures, South Park Commons, Spartan Group and Coinshares. Angel investors include Solana co-founder Anatoly Yakovenko and former Chainlink COO Mike Derezin, decentralized investment protocol Syndicate co-founder Will Papper and ISM Angels. The new financing will be used for construction, sales and marketing.