Rhythm Morning News｜A list of important news from last night and this morning on September 4th

Bitcoin fell below $58,000

BlockBeats news, on September 3, according to HTX market data, Bitcoin fell below $58,000.

BNB briefly fell below $530

BlockBeats news, on September 3, according to HTX market data, BNB briefly fell below $530, and is now quoted at $530.3, with a 24-hour increase narrowed to 2.36%.

SOL fell below $130, down 2.47% in 24 hours

BlockBeats news, on September 3, according to HTX market data, SOL fell below $130 and is currently quoted at $129.7, down 2.47% in 24 hours.

UXLINK briefly broke through $0.38, and the 24-hour increase expanded to 138.2%

BlockBeats news, on September 3, according to HTX market data, UXLINK briefly broke through $0.38, and is now quoted at $0.3527, with a 24-hour increase expanded to 138.2%.

BlockBeats previously reported that at 18:00 on September 3, according to the official announcement, Upbit will launch UXLINK, supporting Korean won, BTC and USDT trading pairs.

Affected by the news of Binance's online contract, FLUX rose by more than 20% in a short period of time

BlockBeats news, on September 3, according to HTX market information, FLUX rose by more than 20% in a short period of time, and is now quoted at 0.6828 US dollars.

Previously, Binance Contract announced that it will launch FLUX 1-75x USDT perpetual contract.

Upbit will launch UXLINK

BlockBeats news, on September 3, according to the official announcement, Upbit will launch UXLINK, supporting Korean won, BTC and USDT trading pairs.

Samsung Next, a subsidiary of Samsung, invests in Startale Labs, the development team of Sony's blockchain Soneium

BlockBeats reported that on September 4, Samsung's investment department Samsung Next announced an investment in Startale Labs, which has established a joint venture with Sony to jointly develop Sony's blockchain Soneium.

Samsung Next has expanded its partnership with Startale Labs by participating in the Soneium Spark incubation program, a builder-centric program designed to foster a community of visionary creators and innovators.

Samsung Next said that Startale Labs is at the forefront of solving key challenges in the Web3 ecosystem, providing the necessary tools and infrastructure, such as Astar Network, Soneium and Startale Cloud Services, which simplify the development and deployment of decentralized applications (dApps) and smart contracts.

Ethereum chain liquidations in August hit the second highest level in history

BlockBeats reported that on September 4, the total liquidation amount of the Ethereum chain lending market in August reached US$436 million, of which Aave accounted for US$289 million, or about 66% of the total liquidation amount.

This is the second-highest monthly on-chain lending market liquidation amount in Ethereum history, only lower than May 2021, when liquidations amounted to approximately $671 million.

The reason for these unusually high on-chain loan liquidations is obvious: the price of ETH fell 22% month-on-month in August, and even fell 35% month-on-month at its monthly low. (The Block) a16z Game Fund opens applications for startup incubation, and selected companies can receive $750,000 in investment. According to BlockBeats, on September 4, Andrew Chen, head of Games Fund One, a16z Game Fund, posted on social media that "we will invest $30 million in the next 30 days. I will co-host our new project in San Francisco in January 2025 with members of the a16z SPEEDRUN team. This project will include guest speakers, personalized coaching, and a lot of financial support. Applications are now open and the deadline is September 30. a16z focuses on new startups that are just getting started, including B2B/infrastructure startups focusing on AI, 3D, game engines, and Web3, VR, AI, Discord, etc. , game studios in fields such as .

Each selected startup will receive $750,000 in investment and 12 weeks of course guidance (from January 6 to March 21, 2024), including offline speeches, office hours, personalized coaching and activities. 」

Pendle: All contract operations have been restored and transactions can proceed normally

BlockBeats news, September 4, according to official news, Pendle announced that all contract operations have been restored and transactions can now proceed normally.

The security vulnerability is limited to Penpie, and the funds on Pendle are safe.

The Penpie team is preparing a post-mortem report, which will be released soon to provide more details.

BlockBeats previously reported that the Penpie rewards protocol was attacked, resulting in a loss of approximately $27 million.

Pump.fun sold over 100,000 SOL, equivalent to about $1.38 million

BlockBeats news, on September 3, according to Lookonchain monitoring, Pump.fun Fee Account sold 10,300 SOL about 1 hour ago, equivalent to about $1.38 million, and the selling price was $134.46.

Pump.fun has currently sold 264,373 SOL, equivalent to about $41.64 million, with an average selling price of $157.5.

Justin Sun: Tron super nodes do not have any MEV mechanism and do not facilitate preemptive transactions

BlockBeats news, on September 3, Justin Sun posted on his personal social platform that recently, the Tron network received feedback from the community about preemptive transactions. After investigation and research, it was found that the Tron network does not have a MEV mechanism. Overall, Tron is significantly ahead of Ethereum and Solana in preventing robots from preempting transactions, with an interception rate of about 98%.

1. Tron's SR (Super Representative) node does not implement any MEV (Maximum Extractable Value) mechanism. No one can prioritize their own transactions on the chain through price manipulation, etc., nor can they manipulate blocks by rearranging, inserting or deleting transactions in blocks to obtain additional benefits.

2. Upon investigation, TRON supernodes did not accept bribes to facilitate front-running transactions, and the authorities strictly prohibit any form of assistance in front-running transactions.

3. The so-called MEV transactions discovered by the community involve a large number of failed scenarios in which robots are using probabilistic methods to exploit victims.

4. Front-running transactions are a strategy adopted by robots on every blockchain, and Tron is no exception. However, Tron's design eliminates privilege mechanisms, such as giving priority to on-chain transaction senders. In addition, a decentralized voting system oversees SR behavior, greatly reducing the possibility of front-running transactions and making the market fairer.

Scroll may announce major news soon

BlockBeats news, on September 3, Ethereum L2 network Scroll released a 12-second animated video on the social platform, ending with the text "Scroll.Soon.", which may imply that major news is about to be announced.

Earlier today, Scroll stated on the social platform that the DarwinV2 mainnet upgrade has been successfully implemented. This upgrade solves the L2 block compression problem in the Curie upgrade by enabling uncompressed block data when needed.

Penpie reward protocol was attacked, losing about $27 million

BlockBeats news, on September 4, Web3 network security company Ancilia said that Penpie suffered an attack on its reward protocol and lost about $27 million.

Nvidia's decline widened to 8%, hitting a new low since August 13

BlockBeats news, on September 3, Nvidia (NVDA.O) fell 8%, hitting a new low since August 13. (Golden Ten)

Bitcoin computing power hit a record high today, breaking through 740 EH/s

BlockBeats news, on September 3, according to BTC.com data, Bitcoin network computing power once broke through 740 EH/s today, reaching 742.76 EH/s, setting a record high. Now it has fallen back to 669.69 EH/s.

The TRON network processed nearly 230 million transactions in August, a month-on-month increase of 7.8%

BlockBeats reported that on September 3, Intotheblock disclosed that the TRON network processed nearly 230 million transactions in August, an increase of 7.8% from July. This growth highlights the continued upward momentum of network activity.

Web3 security company Hypernative completes $16 million Series A financing, led by Quantstamp

BlockBeats news, September 3, Web3 security company Hypernative completed $16 million Series A financing, another Web3 security company Quantstamp led this round of financing, Bloccelerate VC, Boldstart Ventures, Borderless Capital, CMT Digital, IBI Tech Fund, Re7 Capital and other companies also participated.

Hypernative provides a "real-time" risk monitoring platform designed to detect hacker attacks before they occur, giving users time to take action before any damage is caused. The company said its platform monitors on-chain and off-chain data, using artificial intelligence and machine learning tools to identify more than 200 risks, including smart contract hacking, bridge security issues, and market manipulation.

U.S. SEC Commissioner Uyeda: SEC should create a "customized" S-1 form for digital asset securities

BlockBeats news, September 3, according to The Block, U.S. SEC Commissioner Mark Uyeda said at the 2024 Korea Blockchain Week event held in Seoul, South Korea on Tuesday that the SEC needs to create a unique S-1 form for digital asset securities.

Uyeda used registered index-linked annuities to illustrate that the SEC's standard registry may not be suitable for certain financial products. He said the SEC should work with product sponsors to develop tailored registration requirements. The SEC cannot create a "dilemma" that requires promoters of digital asset securities to register and provide irrelevant or unavailable disclosures.

L2 daily transaction volume and monthly activity doubled in the past 6 months, but Ethereum L1 revenue fell 99%

BlockBeats news, on September 4, according to Tokenterminal monitoring, Ethereum L2 transaction fees have dropped significantly in the past 6 months, and L2 daily transaction volume and monthly active users have doubled.

But the "damage" caused by this has caused Ethereum L1 revenue to drop by 99%.

People's Court Daily issued a document suggesting that comprehensive virtual currency judicial disposal guidelines be issued as soon as possible

BlockBeats news, on September 3, the People's Court Daily issued a document "Virtual Currency Judicial Disposal Must Be Standardized", which pointed out that the standardization of virtual currency judicial disposal is crucial to maintaining financial stability and promoting the healthy development of the market. According to statistics from the SAFEIS Security Research Institute, the total number of virtual currency crime cases in China in 2023 was 428, a decrease of 88.9% from 2022, but the amount involved increased sharply to 430.719 billion yuan, about 12.36 times that of 2022.

The article emphasizes that the current disposal of virtual currencies faces multiple challenges such as ownership identification, value assessment and legal realization. In response to these problems, it is recommended to issue comprehensive virtual currency judicial disposal guidance as soon as possible to clarify its legal status, compliance requirements, asset disposal procedures and legal responsibilities.

At the same time, the article calls for strengthening international cooperation to jointly respond to the global challenges brought by virtual currencies and lay a legal foundation for the development of the digital economy and digital finance.

DWF Labs partner: memecoin issuance platforms are mainly driven by retail, and other chains may soon launch similar products

BlockBeats news, on September 3, DWF Labs partner Andrei Grachev tweeted that since memecoin issuance platforms such as Pump.fun and SunPump are mainly driven by retail, it is necessary to learn and prepare for new and promising product launches, and several other chains may also soon launch similar projects.

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