Ethereum News

  • CertiK first release: encrypted version of lossless “reverse credit card” profit million dollar FEG flash loan attack incident analysis

    At 4:22:49 a.m. on May 16, 2022, Beijing time, the CertiK security technical team detected that FEG suffered a large-scale flash loan attack on the Ethereum and BNB chains , resulting in a loss of assets worth about $1.3 million. This attack is caused by a vulnerability in the “swapToSwap()” function, which directly uses the ” path” entered by the user as a trusted party without screening and validating the incoming parameters, allowing unauthenticated The “path” parameter (address) to use the current contract’s assets. Therefore, by repeatedly calling “depositInternal()” and “swapToSwap()”, the attacker can obtain permission to use…

    2022-05-16 News
  • In -depth exploration: Layer1’s valuation economic mechanism and MEV problem

    We have seen that different encrypted assets have different single or multi-attribute characteristics. For mature projects with stable cash flow (such as mainstream DEX), we can use traditional financial market valuation models, while for some governance-related assets ( Participate in voting or treasury expenditure), if necessary, obtain value through network fees and other methods. Overview In the traditional financial market, we can usually use discounted cash flow model (DCF), comparative model (Comparable Analaysis) and other models to value various assets, and these assets can be capital assets, which can bring…

    News 2022-05-15
  • Economic Daily: The hype of virtual currency will end in vain

    “The currency circle has collapsed” is on the hot search again. Recently, the virtual currency market has suffered a “big robbery”. The first is that the LUNA coin, known as the “Coin Circle Moutai”, has plunged by more than 99%. Since May 11, it has fallen from above $30 to about $0.0003 on the evening of May 14, almost returning to zero. Virtual currencies such as Bitcoin and Ethereum also plummeted one after another. On May 12, Bitcoin fell from about $32,000 to below $27,000. The virtual currency, which has always been advocated…

    News 2022-05-14
  • Bear Market Survival Guide: What other potential airdrop opportunities are there for L2?

    I’ve been in the airdrop space for years, and back in October 2021, I tweeted about airdrop interactions for $HOP, $ENS, $PSP, and $COW. Now, I am going to compile all the airdrops I know so far for your reference. The main focus at the moment is L2, the probability of issuing coins is extremely high, and Optimism has already taken the lead, you should prepare for other L2s. Let’s start with zkSync, Solana, Optimism, and Arbitrum. zkSync The interaction is completed by bridging assets through Orbiter Finance or other cross-chain bridges. Set…

    Ethereum News 2022-05-12
  • Rediscovering public goods in the era of sunpunk Ethereum

    Scott Moore (co-founder of Gitcoin and Alisha.eth, head of the ENS community) recently sat on Crypto, Culture, & Society to discuss public goods, community engagement, and the tools we need to build a livable future. The Web3 community is inherently rooted in great optimism and hope for the future. The increasing popularity and progress of technology give us reason to believe that a world in which everyone is capable of living and developing is not a dream, but a reality. Yet when we examine the portrayal of technology in the popular imagination,…

    2022-05-12 Ethereum News
  • The dike of a thousand miles was destroyed in the ant nest Fortress Protocol was attacked

    foreword On May 9, 2022, Beijing time, Knowing Chuangyu Blockchain Security Laboratory detected that Fortress Protocol, a lending protocol on the BSC chain, was attacked due to an oracle problem. This is the third oracle attack incident detected by the laboratory recently. The loss includes 1,048 ETH and 400,000 DAI, totaling about 300W. At present, AnySwap and Celer have been used to cross-chain to Ethereum using Tornado for currency mixing. Knowing that Chuangyu Blockchain Security Lab tracked and analyzed this incident for the first time. basic information Attacked Controller: 0x01bfa5c99326464b8a1e1d411bb4783bb91ea629…

    2022-05-12 Ethereum News
  • Delphi 4D details on L1 public chain valuation methodology

    Paying rent to L1 through Rollup may be a way to maximize the return on L1’s native assets. The main points Traditional assets are generally divided into three categories – capital assets, consumable/convertible assets, and store-of-value assets. Cryptocurrencies offer unique features that combine all three. Capturing value from network fees and MEV yields a robust token economy that directly yields very substantial real benefits to the native asset. While obtaining long-term benefits, it must be guaranteed not to increase user transaction costs (network expansion is a must). Monolithic blockchains may not be…

    2022-05-11 News
  • What does it mean for Ethereum 2.0 smart contract TVL to reach a record high?

    The year 2022 is of great significance for Ethereum   . With the vigorous development of global DeFi projects and NFTs, the market value of Ethereum has grown rapidly from the previous high of 125 billion US dollars. Similarly, 2022 will be an extremely brilliant year for the NFT market around Ethereum. The popularity of the NFT market has greatly driven transactions on Ethereum. The decentralized exchange OpenSea alone has processed $13 billion worth of transactions. of NFT transactions. Statistics show that last year, the total lock-up volume (TVL) on the Ethereum chain…

    2022-05-11 Ethereum News
  • Multicoin Capital: a thesis deduction madman who disrupted Ethereum’s crypto party with a hundred times the return of the king

    In the spring of 2017, after experiencing the ICO bubble, Kyle and Tushar, the two founders of Multicoin Capital, recognized the current situation of the lack of analytical framework for crypto investment, and decided to be the Benjamin Graham of the crypto world, trying to open up the field of value investment in the crypto field. era. Starting from “Understanding the Circulation Velocity of Tokens”, the two have established a fund personality that is not afraid of “anti-consensus” with a sharp article. When people enthusiastically sang Ethereum, they bet heavily…

    2022-05-11 Ethereum News
  • Nearly $5 billion evaporated in 2 hours while the Luna crash was in progress

    The phrase “everyone is looking forward to the end of the world” is a perfect way to describe market sentiment from 2022. Because the CPI index is overheated, the market is full of calls for interest rate hikes at the beginning of the year, 25 points, 50 points, 75 points… Now that the rate hike is coming, the market has collapsed, and people have ushered in the end they have been calling for for a long time. Open the financial page, the headline is “The global stock market has experienced the worst…

    2022-05-10 News
  • Will there be a “Layer 2” boom this summer?

    In 2020, DeFi’s total value locked (TVL) soared to over $10 billion with protocols like Curve, Compound, and Yearn. In 2021, NFTs have caught the attention of the mainstream media, with projects like CryptoPunks and Bored Ape Yacht Club reaching multi-billion dollar valuations. Based on current trends and forecasts, many believe that summer 2022 will be called “Layer 2 Summer.” Over the past few years, Ethereum has been suffering from transaction congestion. Simple actions like sending tokens or trading on a decentralized exchange can cost upwards of $50 and take hours. As a result,…

    News 2022-05-09
  • Data parsing ENS: becoming a business card for digital resources

    The market value of ENS has risen by 114% in the last week, and the trading volume of ENS in the past three weeks is greater than the sum of all previous trading volumes. Over a million domains are held by 389,000 unique addresses, with an average of around 3 per address. After April 26, the high-price transaction of digital domain names triggered a “digital war” and brought three waves. Popular ENS domain names have the same characteristics, such as three/four-digit domain names, “00X.eth”, “X00.eth” formats, consecutive numbers, and many other features….

    2022-05-09 News
  • Explaining EVM Equivalence: Promoting the Development of L2 Open Source Ecosystem

    Table of Contents and Abstracts Understanding EVM Equivalence There is a difference between scaling on Ethereum and scaling Ethereum itself. EVM is an emerging structure formed by contributions from thousands of developers. And forking the EVM limits the ability to access these contributions. If you want to go fast, go alone; if you want to go far, join the EVM-equivalent ecosystem together. Ecological Reproduction and Emergence Replication and emergence  are necessary properties of self-reproducing systems that want to cover the globe.  Duplicate the application layerEVM equivalence allows developers to copy+paste DeFi…

    2022-05-09 Ethereum News
  • Ethereum merged Plan A and Plan B

    You should definitely read this this week, Tim Beiko brings AllCoreDevs update 011, a comprehensive post on what’s left on Ethereum’s road to merger. The question is, when will it be merged? This is the only question a lot of people are interested in right now, and the official answer is “when it’s ready”, which is true, but that answer doesn’t help much. So, let’s break it down. This involves two somewhat separate parts that make predictions less straightforward. The first part is simple, the client’s readiness to merge, while the second…

    Ethereum News 2022-05-09
  • First Release | Analysis of Fortress Loans’ $2.98 Million Attack

    At 4:34:42 am Beijing time on May 9, 2022, the CertiK security technical team detected that Fortress Loans was attacked. At 10:05 a.m. on May 9th, Beijing time, JetFuel Finance also officially confirmed the news about the manipulation of the oracle machine and released links to suspicious addresses and transactions: Currently the project has lost about 1,048.1 ETH and 400,000 DAI (total value of about $2.98 million ). The attacker steals assets through DAO and oracle manipulation to complete the attack, and transfers the stolen assets out through Tornado Cash. Vulnerable Transaction https://bscscan.com/tx/0x13d19809b19ac512da6d110764caee75e2157ea62cb70937c8d9471afcb061bf Related address…

    2022-05-09 Ethereum News
  • How do I get the airdrop for a “raised account”? We analyzed several textbook-level airdrops

    In the ambush airdrop, more airdrops can be obtained by becoming an early participant of the project, experiencing more products, and actively participating in ecological activities. The story of “getting rich by airdrops” has always been one of the most talked-about topics in the industry, and the “brushes” who use airdrops have been fighting wits and courage with the project side. On May 6th, the cross-chain bridge Hop Protocol officially launched the native token HOP, of which 8% will be airdropped to early related users. At the same time, it said that…

    News 2022-05-07
  • Buterin : ENS is by far the most successful non-financial Ethereum application

    Recently, Vitalik Buterin said in an interview: “The Ethereum domain name service ENS is by far the most successful non-financial Ethereum application, and it can basically be compared to a decentralized phone book.” On October 9, 2021, an unknown wallet purchased the Ethereum domain name paradigm.eth for 420 ETH, the largest ENS domain name transaction to date. What is the purpose of spending so much money on buying a domain name, how to register it, and what business opportunities are there behind it , let us find out. What is ENS? A while…

    2022-05-06 News
  • What are the opportunities for ordinary investors to come to the Ethereum merger?

    Both Lido and Rocket Pool are poised to be major beneficiaries of the liquid staking boom. Editor’s note: The ETH2.0 merger is an important milestone upgrade for Ethereum, moving from PoW to PoS. The content of the following articles is for reference only, not investment advice. Dear Bankless Nationals, We’ve been talking about “mergers” for the past few weeks. Obviously this is the biggest thing in the crypto world this year and it cannot be overemphasized. How will you seize this upside opportunity? Of course, one of the best ways…

    2022-05-05 Ethereum News
  • Ethereum Status: Review Ethereum 2022 Q1

    This article will review the financial results of Ethereum, the world’s leading smart contract platform, for the first quarter ended March 31, 2022. 01. Key Results The data compares Ethereum’s performance in Q1 2021 and Q1 2022. 1. Ethereum Protocol Above: Ethereum network revenue (total revenue) and fee destruction (protocol revenue), source: Token Terminal Ethereum network revenue grew 46% from $1.6 billion in Q1 2021 to $2.4 billion in Q1 2022 . This measures the value of transaction fees paid in ETH by users of the Ethereum network . Of…

    2022-05-05 Ethereum News
  • 10,000-character long article discussion: How to capture the value of ZK Rollup and what kind of innovative applications will it produce?

    How to capture the value of the ZK Rollup era, and what kind of innovative applications will it produce? Introduction: Ethereum is about to usher in its Layer 2 era, and ZK Rollup is one of the best solutions among all L2 scaling technologies. What kind of sparks can zero-knowledge proof technology and Rollup expansion technology create? How is ZK Rollup better than other scaling technologies? How can it be adopted quickly? From the perspective of investment, how to capture the value of the ZK Rollup era, and what kind of innovative applications will…

    2022-05-05 Ethereum News