BTC $78,486.70 -0.42%
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BNB $699.57 +0.25%
XRP $1.38 -6.17%
SOL $96.80 -0.77%
TRX $0.3357 -0.65%
DOGE $0.0849 -3.07%
ADA $0.2060 -3.40%
BCH $261.89 -1.88%
LINK $11.28 -1.07%
HYPE $81.09 -0.60%
AAVE $123.59 -2.76%
SUI $0.7381 -4.76%
XLM $0.1796 -4.26%
ZEC $781.69 +0.05%
BTC $78,486.70 -0.42%
ETH $2,470.06 +0.39%
BNB $699.57 +0.25%
XRP $1.38 -6.17%
SOL $96.80 -0.77%
TRX $0.3357 -0.65%
DOGE $0.0849 -3.07%
ADA $0.2060 -3.40%
BCH $261.89 -1.88%
LINK $11.28 -1.07%
HYPE $81.09 -0.60%
AAVE $123.59 -2.76%
SUI $0.7381 -4.76%
XLM $0.1796 -4.26%
ZEC $781.69 +0.05%

ink

INK is a blockchain-based digital rights management platform designed to address trust and efficiency issues in traditional copyright protection through decentralized technology. INK utilizes smart contracts and distributed ledger technology to achieve transparency and automation in copyright registration, authorization, and transactions. Its core functions include copyright confirmation, authorization management, and revenue distribution, helping creators better protect and manage their digital assets. The INK ecosystem supports various forms of digital content and is committed to building an open and transparent copyright economic environment.
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Chainlink CEO: The speed at which the U.S. financial system goes on-chain will determine its global status

On August 21, Sergey Nazarov, co-founder and CEO of Chainlink, stated at the first meeting of the U.S. CFTC Innovation Advisory Committee that he appreciates the CFTC and SEC finally beginning to cooperate efficiently and constructively, rather than publicly conflicting as before. He believes this alone has significantly enhanced the reputation and trust of the U.S. financial markets and helps to form a unified regulatory vision, avoiding the past multiple conflicting rules that hinder innovation.Nazarov pointed out that regulatory fragmentation has incurred serious costs. Chainlink provides data, cross-chain infrastructure, and more for thousands of applications, supporting most of the DeFi ecosystem. Over the past seven years, he has witnessed hundreds of developers choose to leave the U.S. due to uncertainty, no longer building high-quality applications in the U.S. or serving American consumers, which is a huge loss for the U.S. financial system and consumers.He emphasized that the next trend is clear: tokenization of equity will release a large amount of on-chain value. The U.S. stock market currently accounts for about 60% of the global equity market value and flow. If the global financial system accelerates on-chain, the U.S. must advance on-chain at an equal or even faster pace to maintain this dominant position; otherwise, innovation and market advantages may be lost.

Maya Protocol Attacked: Six Linked Vulnerabilities Result in Approximately $1.7 Million Stolen, Liquidity Pool Shrinks by $11 Million

The cross-chain liquidity protocol Maya Protocol was attacked on August 18, with the attacker exploiting six interconnected software vulnerabilities to create false account balances, stealing approximately 20.83 BTC (about $1.34 million) and other assets, resulting in a total direct loss of about $1.65 million. The incident led to the suspension of trading on the MAYAChain network, with its token CACAO plummeting nearly 89% from $0.115 to $0.013, before recovering to around $0.03.Technical reviews show that the attack began when MAYAChain mistakenly judged a transaction to be lost and triggered a compensation mechanism, but the mechanism miscalculated, adding about 49 million CACAO to a small liquidity pool, while the protocol's reserves only held about 168,000 CACAO. After the transfer failed, the system incorrectly saved the new balance, and the attacker subsequently deposited a very small amount into the liquidity pool, acquiring over 99% of the pool's share and immediately withdrawing 48.87 million CACAO, which was then exchanged for Bitcoin, Ethereum, and other assets.The incident caused the total value of the Maya Protocol liquidity pool to decrease by about $10.9 million, of which approximately $6.4 million was due to the depreciation of CACAO, and about $2.9 million came from arbitrage trading. The team expressed hope that the attacker would return the funds in the form of a bug bounty; otherwise, they would seek to recover losses through investments in channels like Aztec Chain. Maya Protocol has not yet announced a specific time for resuming trading. This incident once again exposed the security risks within the complex logic of DeFi protocols.
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