Directly

BNB Chain's $100 million incentive program has been fully upgraded to directly purchase tokens to support ecological development

ChainCatcher news, BNB Chain's 100 million USD plan, after a 3-week trial of "rewards liquidity upon listing," is now launching a "direct token purchase" mechanism based on community feedback, to support the development of ecological projects in a more comprehensive and direct way.This plan targets native assets of BNB Chain or cross-chain assets, with projects in various tracks that meet the following on-chain data and security requirements having the opportunity to receive at least a single purchase of 100,000 USD.For transaction-driven assets: Market capitalization ≥ 1 million USD; Daily average traders ≥ 300; Daily average trading volume ≥ 200,000 USD.For TVL-driven assets: Total Value Locked (TVL) ≥ 20 million USD; with protocol TVL growth as the core evaluation criterion.Security requirements: The top 10 external account (EOA) holdings must not exceed 10% of the total supply (excluding CEX and wallets related to Zhao Changpeng); projects must complete contract verification on BscScan or pass a security audit, as well as undergo multiple risk assessments.The BNB Chain Foundation will select targets from the pool of qualified projects, purchasing through the foundation's wallet address, with purchase timing being random, and transactions will be announced through official accounts after completion. The BNB Chain Foundation acquisition address is 0x511DfE9E248c887E32ca8bF9d1cb76f101965060.The upgraded 100 million USD incentive plan reflects BNB Chain's steadfast commitment to continuously support builders and create long-term value for the ecosystem during market fluctuations.

Hyperliquid vault attacked again: organized, premeditated, and more cunning; if Binance releases relevant positive news, it may "directly kill the game."

ChainCatcher message, on-chain analyst @ai_9684xtpa released a review of the Hyperliquid vault being attacked again:The 50x leverage whale on Hyperliquid previously used the Hyperliquid mechanism to "actively liquidate 160,000 ETH long positions" and withdrew a profit of $1.857 million;More cunning target selection: At that time, the 50x leverage whale on Hyperliquid chose ETH as the target, while this time the attacker’s target was the Memecoin $Jellyjelly, which had a depth difference of N times, making price manipulation much easier.Setting bait with airdrop: Address 0xde9...f5c91 opened a $4.08 million short position on $JELLY on Hyperliquid, with an opening price of $0.0095 and a margin of 3.5 million USDC.Replaying the active liquidation: Another address Hc8gN...WRcwq, after opening the short position, collaborated to crash the spot price, creating floating profit space for the short position, while the opening address withdrew 2.76 million USDC in margin, using the same trick to have the position liquidated and taken over by the vault.Turning around to buy and empty the vault: Two waves of intensive buying starting at 21:01 and 21:45 further enlarged the vault's floating loss until the amount became significant enough to attract market attention.As long as jellyjelly does not drop, retail investors in HLP will withdraw their funds; the more withdrawals, the lower the liquidation price, which can be understood as "the early runners profit at the expense of the late runners." Subsequently, HLP may experience a bank run, and eventually, it may not even require jellyjelly to pull much from the vault to be forcibly liquidated due to insufficient margin... However, currently, HLP's TVL has decreased by about $20 million, and the liquidation price for the short position has dropped to around $0.14. The last buying operation of the address manipulating the coin price was 1 hour ago; this address currently holds 124 million jellyjelly (worth $4.86 million), making it the top holding address on-chain. This address currently has no more funds available for buying, which is also the main reason for the significant price fluctuations that followed. As one of the main competitors of Hyperliquid, if Binance releases related positive news, such as listing jellyjelly spot or others, it will directly kill the competition.

Hyperliquid vault attacked again: organized, premeditated, and more cunning. If Binance releases related positive news, it may "directly kill the game."

ChainCatcher message, @ai_9684xtpa published a recap of the Hyperliquid vault being attacked again:A whale on Hyperliquid using 50x leverage previously "actively liquidated 160,000 ETH long positions" and withdrew a profit of $1.857 million;More cunning target selection: At that time, the whale on Hyperliquid chose ETH as the target, while this time the attacker targeted the Memecoin $Jellyjelly, which has a depth gap of N times, making price manipulation much easier;Setting bait with an airdrop: Address 0xde9...f5c91 opened a $4.08 million short position on $JELLY on Hyperliquid, with an opening price of $0.0095 and a margin of 3.5 million USDC;Replaying the active liquidation: Another address Hc8gN...WRcwq, after opening the short position, collaborated to dump the spot price, lowering the coin price, which created floating profit space for the short position, while the opening address withdrew 2.76 million USDC in margin, repeating the trick led to the position being liquidated and taken over by the vault;Turning around to buy and empty the vault: Two waves of intensive buying starting at 21:01 and 21:45 further amplified the vault's floating losses until the amount became significant and caught the market's attention.As long as jellyjelly does not drop, retail investors in HLP will withdraw funds, and the more funds withdrawn, the lower the liquidation price will be, which can be understood as "the early runners profit at the expense of the late runners." Subsequently, HLP may experience a bank run, and eventually, it may not even require jellyjelly to pull much from the vault before being forcibly liquidated due to insufficient margin.However, currently, HLP's TVL has decreased by about $20 million, and the liquidation price for the short position has dropped to around $0.14. The last buying operation from the address manipulating the coin price was 1 hour ago, and this address currently holds 124 million jellyjelly (worth $4.86 million), making it the top holding address on-chain. This address currently has no more funds available for buying, which is also the main reason for the significant price fluctuations that followed. As one of the main competitors of Hyperliquid, if Binance releases related positive news, such as listing jellyjelly spot or others, it will directly kill the competition.
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