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ZEC $386.33 +10.02%
BTC $78,298.05 +2.46%
ETH $2,303.33 +1.86%
BNB $618.80 +0.14%
XRP $1.39 +1.58%
SOL $83.83 +0.95%
TRX $0.3263 -0.10%
DOGE $0.1090 +2.88%
ADA $0.2498 +1.42%
BCH $454.09 +2.99%
LINK $9.17 +0.35%
HYPE $40.89 +4.14%
AAVE $92.64 -0.61%
SUI $0.9233 +1.80%
XLM $0.1606 +0.86%
ZEC $386.33 +10.02%

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Gate Ventures: Technology stocks drive market recovery, while crypto assets and investment financing synchronize their recovery

According to the latest weekly report from Gate Ventures, there are signs of phased recovery at the macro level, with major stock indices showing divergent performance but overall trending upwards, and market risk appetite has rebounded. Against this backdrop, the cryptocurrency market has also rebounded, with BTC rising 6.6% and ETH rising 4.7%, recording net inflows of approximately $823.7 million and $155 million in spot ETFs, indicating a strengthening of capital inflows.The overall market capitalization increased by 5.2%, while the market capitalization excluding BTC and ETH grew by 2.6%, suggesting that the upward momentum is beginning to spread to a broader range of assets, although the pace remains relatively moderate. In terms of asset and industry dynamics, structural opportunities continue to emerge. The top 30 assets averaged a rise of 4.2%. Meanwhile, advancements in on-chain and industrial aspects continue, including the ongoing evolution of digital currency infrastructure and asset tokenization.In terms of investment and financing, a total of 12 transactions were completed last week, with a disclosed total financing amount of approximately $54.89 million, a month-on-month increase of about 31%, with funds mainly flowing into the DeFi and infrastructure sectors. Among them, JPYC completed a $17.62 million financing to promote the construction of yen stablecoin infrastructure; 3F completed a $4 million seed round financing, with investors including Gate Ventures.Against the backdrop of marginal improvement in the macro environment, the activity in investment and financing has rebounded, with funds still focusing on long-term application scenarios and underlying capability building in a volatile environment.

GoPlus: Polymarket Hacked, Flaws in Off-Chain and On-Chain Transaction Result Synchronization Mechanism

According to disclosures from the GoPlus Chinese community, the prediction market platform Polymarket was hacked due to a design flaw in the synchronization mechanism between off-chain and on-chain trading results in its order system.The attacker manipulated the nonce, causing on-chain matched trades to be canceled or invalidated before execution, while off-chain records remained valid, leading to API false reports that affected trading behaviors of bots like Negrisk, resulting in user losses. The analysis of the attack process is as follows:The attacker submitted/matched large reverse trades with the market-making bot on the Polymarket off-chain orderbook.The attacker constructed transactions with forged/repeated nonces or utilized on-chain nonce competition, causing the on-chain transactions to inevitably revert.The Polymarket API returned "transaction successful" to the bot before on-chain confirmation, leading the bot to believe that the position had been hedged, while the actual on-chain state had not changed.The attacker then executed real on-chain trades to take advantage of the direction exposed by the bot, thus profiting "risk-free."Since the revert occurred at the chain level, Polymarket fees would not explode, making the attack cost controllable and executable continuously.GoPlus recommends that users pause automated trading tools, verify on-chain trading statuses, enhance wallet security, and closely monitor official announcements from Polymarket.
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