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first_img Relay Protocol Warning: The number of honeypot tokens on the Robinhood Chain has surged, and users' funds are immediately drained after purchase

The cross-chain interoperability platform Relay Protocol has issued a warning, stating that since the launch of the Ethereum Layer 2 network Robinhood Chain based on Arbitrum on July 1, a large number of honeypot scam tokens have emerged. After users purchase these tokens, they automatically disappear from their wallets, and the funds cannot be recovered. Relay Protocol clarified that this is not due to a breach of wallet infrastructure; users' private keys and other assets remain secure, and the malicious logic exists only within the scam token contracts themselves.The typical operation of honeypot tokens allows users to buy in but prevents selling through hard-coded rules, or automatically transfers funds to the attacker's wallet. Some users have reported that a certain token contract uses hidden storage mappings to bypass standard ERC-20 security checks to steal assets.Relay Protocol stated that it is blocking discovered scam tokens and verifying safe tokens, advising users to only trade tokens verified by trusted sources, to verify contract addresses before trading, and to test with small amounts of funds first. The platform pointed out that attracting scammers in the early stages of a new chain launch is not an issue unique to Robinhood Chain; similar situations have occurred with other L1 and L2 chains upon their launch.

The Coinbase Advisory Council warns of quantum risks to Bitcoin, the community still lacks consensus, and preparations for quantum resistance migration should be initiated immediately

The advisory committee of cryptographic experts led by Coinbase has released a report stating that Bitcoin should immediately begin preparing for potential quantum computing attacks. However, the committee did not take a clear stance on whether to freeze the millions of Bitcoins that could potentially be stolen by quantum computing in the future.It is reported that the committee members include several leading experts, such as Ethereum Foundation researcher Justin Drake, who believe that the current focus of the debate is not on how to introduce quantum-resistant signature technology, but rather on how to handle the Bitcoins that have not been migrated for a long time. One viewpoint calls for setting a deadline, after which the existing ECDSA and Schnorr signature schemes for Bitcoin will cease to be supported, and un-migrated assets will be frozen to prevent future quantum attackers from acquiring large amounts of BTC and impacting the market. Another viewpoint argues that this amounts to asset confiscation, contradicting Bitcoin's core principles of "immutability and user complete control of assets," and could set a precedent for freezing assets in the future due to regulatory pressure.The Coinbase advisory committee pointed out that the aforementioned proposals are not mutually exclusive and can be combined, but it refused to take a position on the issue of "whether to freeze legacy BTC," believing that the final decision should be governed by the Bitcoin community. At the same time, it emphasized two points: first, the technical development of quantum-resistant signature migration should be initiated immediately and should not wait for the governance debate to conclude; second, it is necessary to clearly communicate risk information to users to avoid long-term uncertainty affecting the Bitcoin ecosystem.

Gate launches SpaceX direct IPO, achieving "immediate allocation upon listing, stocks delivered directly to accounts."

Gate Direct IPO's first project officially launches SpaceX, providing users with a new option to participate in globally popular IPO investment opportunities. Through the Gate platform, users submit intention applications and receive corresponding spot stocks after the company officially lists, achieving a seamless connection from IPO application to stock trading. Compared to traditional IPO processes, Gate Direct IPO significantly lowers the participation threshold, eliminating the need for complex cross-border account openings and multi-platform operations. After the company completes its IPO, the platform will distribute stocks directly to users' spot stock accounts after the company officially goes public, realizing an investment experience of "immediate allocation upon listing, stocks delivered directly to accounts."As one of the most watched commercial space companies globally, SpaceX has long attracted attention from the capital market due to its reusable rockets, Starlink satellite internet, and future space economy layout. After the IPO allocation ends, stocks will be directly distributed to Gate stock accounts on June 12, allowing users to hold and trade real U.S. stocks without needing to open additional accounts. This launch also marks Gate's further integration of the complete investment chain from Pre-IPO, IPO to stock trading, providing users with more efficient and convenient global asset allocation services.

The Humanity Foundation announced adjustments to the H token vesting plan and set a deadline, with some institutions publicly disclosing their choice to unlock at a discount immediately

The Humanity Foundation has recently made significant adjustments to the $H token allocation plan, requiring investors to make a final choice between two options by April 26 at 09:00 UTC: one, extend the distribution, pushing the Cliff to September 25, 2026, and changing to equal distribution over 12 quarters; two, a 3:10 discounted immediate unlock, replacing the original 16,666,666 tokens with 5,000,000 $H (a 70% reduction), to be fully distributed on June 25, 2026.It is understood that the Humanity Foundation has sent adjustment notifications to over 100 investors. Early investment firm Trix Ventures has publicly disclosed its choice of the discounted immediate unlock.It is reported that this firm invested during the project's valuation phase of approximately $60 million, and even after the 3:10 discounted replacement, it can still achieve about 7 times return. Notably, the Humanity Protocol previously reached an in-depth cooperation with payment giant Mastercard, and the project's fundamentals have received endorsement from traditional financial institutions. The on-chain identity verification sector it belongs to is currently in its early market stage, but with the continuous expansion of AI-generated content and automated accounts, the demand for on-chain real identity verification is widely believed to grow exponentially, giving this sector long-term potential to become a leading project in the Web3 infrastructure field.The project is about to face a test of significant selling pressure from a one-time massive unlock, and whether it can grow explosively alongside the AI sector is crucial. Analysts point out that choosing the one-time unlock on June 25 is a safer decision. In the current market cycle, "certain liquidity" far outweighs paper numbers. The deferred plan extends the cycle to 3 years, with huge uncertainties regarding the protocol's survival and team stability.From a market structure perspective, June 25 faces obvious concentrated selling pressure risks: the Sablier contract release node is transparent on-chain, and quantitative and short-selling funds will precisely target this node; institutions may lock in profits by hedging in advance during the two-month window; market makers may withdraw buy depth in advance, causing the actual realization value to be less than 10% of the nominal value. Historically, large-scale concentrated unlocks of Starknet (STRK) and ApeCoin (APE) have triggered severe selling pressure, with the former dropping over 95% from its peak and the latter declining 77% within 7 months.
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