psc

According to Techstartups, AI infrastructure startup Upscale AI announced the completion of a new round of financing totaling $190 million, with investors including NVIDIA and Salesforce Ventures. After this round of financing, the company's valuation reached $2 billion.This round of financing is part of its Series A extension, bringing Upscale AI's total financing to $500 million, led by Premji Invest, with new investors such as Temasek and Seligman Ventures participating, while existing shareholders including Maverick Silicon, Mayfield, Prosperity7 Ventures, StepStone Group, and Tiger Global continue to invest.Upscale AI focuses on building network infrastructure for large-scale AI clusters, attempting to solve the "computing power interconnection bottleneck" problem in AI training and inference. The company is developing a full-stack AI network architecture covering chips, systems, and software, aiming to create an open standard network interconnection solution suitable for large-scale AI workloads.The company stated that as the scale of AI clusters continues to expand, network performance is becoming a key limiting factor affecting GPU utilization and training efficiency. Inefficient interconnection can directly lead to wasted computing power and increased training costs. Currently, Upscale AI has begun collaborations with several hyperscale cloud providers and "new cloud" infrastructure providers for evaluation and deployment, but has not disclosed specific client information.Analysts point out that investment in AI infrastructure is spreading from the model layer to the underlying hardware and network layers, with network interconnection becoming one of the most关注的 key infrastructure tracks following GPUs.

WLFI announced this morning that it is buying the Solana ecosystem meme coin SPSC. Stimulated by this news, the related token surged 43% in a short time. As of the time of writing, the market capitalization of SPSC is reported at $7.71 million, with a 24-hour increase of 139.8%.

ChainCatcher news, Loopscale released a post-hack report, disclosing that hackers exploited a pricing logic vulnerability in the protocol, resulting in the unauthorized outflow of 5,726,724.97 USDC and 1,211.4 SOL from the USDC and SOL Genesis treasury. All funds have now been recovered.Loopscale additionally stated that it will gradually re-enable the full protocol features, with the refinancing function set to restart soon. The grace period will be extended by 3 days, providing borrowers an opportunity to repay or close their positions. Borrowers are advised to monitor their positions in case of interest rate changes or liquidity tightening.Furthermore, from April 26 to June 7, the balances of Vault or Advanced Lend depositors will receive a 12x points boost.

ChainCatcher message, Loopscale has released an update on the hacking incident on platform X, disclosing that the withdrawal logic and vulnerability patches have been audited by the security company Sec3 and an independent auditor. The Vault withdrawal function will be reopened to all users at 10:00 AM Eastern Time tomorrow, and the incident analysis report will also be published. To maintain the stability of the protocol, a temporary 24-hour withdrawal limit is expected to be implemented for each user.

ChainCatcher news, Loopscale announced that after successfully negotiating with the hacker, all funds taken from the Loopscale protocol on April 26 (including 5,726,725 USDC and 1,211 SOL) have now been fully recovered.In this incident, users' deposits will not suffer any losses. More details (including information related to treasury withdrawals) will be announced later.

ChainCatcher news, Loopscale posted on platform X stating that they are working towards a friendly resolution regarding the previous hacking incident, and the progress is going smoothly:At 2:19 AM Eastern Time on April 29, approximately 10,000 WSOL (about $1.48 million) has been returned to the Loopscale wallet;At 3:14 PM Eastern Time on April 29, an additional 4,463 WSOL (about $660,000) has been returned to the Loopscale wallet;Yesterday, 5,000 WSOL (about $740,000) has been returned to the Loopscale wallet.Loopscale added that they are still working towards a final resolution and will continue to provide updates.

ChainCatcher news, Loopscale Labs' official social media account disclosed that the project team received a response from the hacker at 3:52 PM Eastern Time, stating that they are willing to return the stolen funds through a bounty.Loopscale Labs stated that both parties are currently actively negotiating to reach an amicable solution. In light of this progress, the project team will postpone the release of the withdrawal recovery plan and the complete incident analysis report, which is expected to be announced in the coming days.Previously, it was reported that the Loopscale protocol was attacked by hackers, resulting in the theft of approximately 5.7 million USDC and 1,200 SOL.

ChainCatcher message, the lending protocol Loopscale on the Solana chain was attacked today, resulting in approximately 5.7 million USDC and 1,200 SOL being stolen. The protocol has released event updates on the X platform and has now re-enabled loan repayments, deposits, and the closure of revolving loans. Other application functions (including Vault withdrawals) remain temporarily restricted, and an investigation is ongoing to ensure the mitigation of this vulnerability.Loopscale further stated that the root cause of this vulnerability has been identified as an independent issue related to collateral pricing based on RateX, which is not related to RateX itself. The financial loss only affects the depositors of the SOL and USDC genesis treasury, and a complete technical post-analysis will be released later.

ChainCatcher message, the lending protocol Loopscale on the Solana chain disclosed on platform X that today at 11:30 AM EST (April 26, 11:30 PM Beijing time), the pricing function of Loopscale's RateX PT token was manipulated, resulting in approximately 5.7 million USDC and 1,200 SOL being stolen from Loopscale's USDC and SOL treasury. Currently, all markets of Loopscale have been temporarily halted to allow the team to conduct further investigations.The funds involved in this security breach account for about 12% of Loopscale's total funds and only affect depositors who deposited funds into Loopscale's USDC and SOL treasury. Borrowers and users of loop lending are not affected. The team is working hard to restore the repayment function as soon as possible to avoid unforeseen liquidation situations. The team is closely collaborating with law enforcement officials, security experts, and investors to recover the funds. A full technical analysis report will be released as soon as more information is available.

ChainCatcher news, the modular DeFi lending market Loopscale has completed 6 months of closed testing and is now live. Loopscale is built on Solana and is supported by CoinFund, Solana Ventures, and Coinbase Ventures.

ChainCatcher news, the Pacific island nation of Palau has released a report on the first phase of a pilot project for a Ripple-based stablecoin. The pilot project started in June 2023 and concluded in September 2023, with a total of 168 participants. The survey results showed that 31.7% of respondents were satisfied with the project, while 36.6% expressed that they were very satisfied. 58% of respondents found setting up and using the wallet for payments easy or very easy. However, half of the respondents reported that the wallet usage or payment processing was slow, or encountered issues when using QR codes and manually entering addresses.The Palau Ministry of Finance stated that the first phase of the program "was successful among both volunteers and retailers." The Ministry indicated that future phases should focus on leveraging stablecoins to create a larger ecosystem and establish a legal framework.Previously reported, the Pacific island nation of Palau will launch a USD-backed stablecoin pilot project. This stablecoin will be issued on the XRP Ledger and is the latest project running on the Ripple CBDC platform. The country will distribute the first batch of Palau Stablecoins (PSC) to official employees involved in the pilot project.

ChainCatcher news, the on-chain credit scoring protocol TopScore has announced its participation in the Chainlink BUILD program. By enhancing access to Chainlink's industry-leading oracle network services and technical support, as well as incentivizing greater security in the crypto economy, it accelerates the development of the ecosystem and the long-term adoption of Web3 data analytics and on-chain reputation, providing commitments for network fees and related credit products to the Chainlink community and service providers (including stakers).As a member of the KNN3 ecosystem applications, TopScore has long been an active participant and promoter of the Chainlink technology ecosystem. Participation in the BUILD program further advances the integration with the Chainlink ecosystem, providing scene-level data modules and scoring model support for applications related to Web3 data and on-chain behavior.TopScore aims to reshape the user reputation system on-chain by quantifying the value of user behavior both on-chain and off-chain, turning it into a true personal social asset, breaking the monopoly of credit ratings, and allowing user credit to flow freely across regions and platforms. Currently, TopScore supports the evaluation of social behaviors for ENS and Lens users, and will soon integrate evaluation matrices for governance behavior, DeFi behavior, and community/DAO participation, while also opening up access for more application scenarios.

ChainCatcher news, Palau is ending its dollar stablecoin project after launching a pilot in August. Jay Hunter, a member of the Palau Ministry of Finance and head of the digital residency program, announced on social media that the government will stop distributing the Palau Stablecoin (PSC) on September 8.Hunter stated that after the distribution stops, the Palau Stablecoin will also be frozen after September 15, and users will not be able to spend it, adding: "After September 15, you will no longer be able to use PSC. This will give us time to handle retailer redemptions before the pilot officially ends at the end of the month."

ChainCatcher news, EY announced the launch of the beta version of EY OpsChain ESG on its blockchain SaaS platform. The new solution developed on the Ethereum blockchain will provide a single, verifiable view of carbon emissions (CO2e) to address the needs of businesses striving to accurately measure and track their carbon footprint.It will also provide the transparency demanded by consumers, business partners, and regulators through a trusted platform, enabling emissions and carbon credit tracking within an ecosystem through tokenization. (Source link)