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ChainCatcher news, according to Jin10, the inflation data for August performed poorly, raising market concerns about the Federal Reserve's interest rate cuts. Traders indicate that a rate cut is inevitable and believe there may be another cut this year.

ChainCatcher news, Glassnode co-founder Negentropic stated that the impact of the DeepSeek AI event will pose challenges for tech stocks and risk assets in the coming week. CME futures opened with negative sentiment, and Nasdaq futures fell by 1.5%.He also reminded that the AI crypto narrative has been performing poorly recently and may face the risk of capital withdrawal, suggesting to pay attention to the trends of related stocks such as NVDA.

ChainCatcher news, according to Techinasia, Asia's richest man Mukesh Ambani's Indian mobile network operator Jio Platforms has officially launched the reward token JioCoin based on the Polygon blockchain.The token has been integrated into the company's web browser JioSphere, marking the official entry of India's largest corporate group Reliance Industries into the virtual currency space. Jio Platforms had previously partnered with Polygon Labs to plan the addition of Web3 features to its existing products.

ChainCatcher news, according to official sources, the Tapioca Foundation has announced a bounty for hackers seeking the return of stolen assets. The deadline for this proposal has now passed without any response, making the offer to hackers invalid.Contributors of the Tapioca Foundation are currently collaborating with law enforcement and various security organizations. Most of the stolen funds are still in the hands of the hacker team that stole the assets.The Tapioca Foundation is now offering a 10% bounty as a reward for any information or actions that lead to the recovery of the stolen funds.

ChainCatcher message, the Tapioca Foundation yesterday proposed a settlement agreement to the attacker via an on-chain message, agreeing to offer a bounty of 1 million USDT with no additional conditions.It added that this amount is significantly higher than the typical bounty ratio (i.e., 10% of the stolen funds) in exchange for the attacker returning the remaining 3.7 million dollars, and urged the attacker to contact the official via email before 4 PM (UTC) on October 22, 2024.

ChainCatcher message, Tapioca DAO has encountered a major security vulnerability, with attackers stealing approximately 4.4 million dollars worth of cryptocurrency, and the price of TAP tokens plummeting by over 95%.The attackers obtained the private keys through social engineering, resulting in a significant amount of funds being transferred. Nevertheless, the team collaborated with security agencies and successfully moved 1,000 ETH (approximately 2.7 million dollars) to a secure location, preventing further losses. Currently, the hackers still hold part of the stolen assets, and the team is continuing efforts to recover the remaining funds.

ChainCatcher news, ZachXBT posted on his personal channel that the TapiocaDAO hack may have been caused by a team member downloading malware. This theft is also linked to other recent hacks, including Nexera, Concentric, Masa, SpaceCatch, Reach, Serenity Shield, and MurAll, triggered by a fake job scam.It is reported that approximately $4 million worth of stolen funds has been transferred from Arbitrum to BSC.

ChainCatcher message, Cyvers Alerts disclosed multiple suspicious transactions involving TapiocaDAO on platform X.It is reported that the owner of the belonging contract has changed, and the suspicious address has exchanged TAP tokens for 591 ETH, causing the token price to drop by 93%. The suspicious address then used Stargate to bridge the funds to BNB Chain, where the address holds approximately $4.7 million in BSC-USD and USDC.

ChainCatcher news, according to Aggr News, the cross-chain money market Tapioca DAO based on LayerZero may have suffered a security breach. The specific details are currently unclear, and users should remain vigilant and avoid interacting with unknown links or suspicious activities.

ChainCatcher news, the South Korean blockchain gaming platform WEMIX announced on X that WEMIX has executed the Brioche hard fork, introducing a halving cycle and enhancing token economics.Starting from block 53,525,500 at 00:08:01 (GMT+9) on July 1, 2024, the block minting rewards for the WEMIX3.0 mainnet will be halved. The halving will continue every 63,115,200 blocks, for a total of 16 cycles. According to this schedule, halving will occur once every two years until December 31, 2100.Additionally, to set the total supply of WEMIX at 590 million tokens, issuance will continue until block 2,467,714,000, after which no new WEMIX will be minted.

ChainCatcher news, the cross-chain currency market protocol TapiocaDAO has completed a $6 million seed round financing, with participants including Fisher8 Capital, LayerZero Labs, PARC Capital, Jones DAO, Dewhales Capital, Magnus Capital, Capybara Capital, and individual investors such as Library Onchain founder Zoomer Oracle, Squirrel (Arrakis Finance), DCF GOD, CryptoCondom, and others.TapiocaDAO has launched the cross-chain over-collateralized stablecoin USDO based on LayerZero. (Source link)