Daily Report | Due to reentrant lock failure, protocols such as Curve have been attacked; Base TVL increased by over 6000% in the past 7 days
The SEC requested Coinbase to stop all cryptocurrency trading except for BTC before suing it; ArbDoge AI admitted that crypto KOL Wang Dayou is its founder.整理：flowie, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Featured Topic: “Latest Updates on the Curve Attack Incident”
Early this morning, Curve Finance stated on Twitter that some stable pools (alETH/msETH/pETH) using Vyper 0.2.14 were attacked due to a reentrancy lock failure. Subsequently, as a result of the attack, Curve tokens and TVL saw a significant drop.
As of around 6:30 PM, Beosin reported that the funds lost in this attack have exceeded $59 million, and Beosin KYT has detected that the address c0ffeebabe.eth has returned 2,879 ETH, while the stolen funds remain on multiple attackers' addresses.
Currently, the Curve attack incident is still unfolding, and many protocols related to Curve have been affected to varying degrees. This topic tracks the latest developments of the Curve attack incident and the market fluctuations it has triggered.
2. SEC Sued Coinbase After Requesting It to Halt All Cryptocurrency Trading Except Bitcoin
According to the Financial Times, before suing Coinbase, the U.S. Securities and Exchange Commission (SEC) requested Coinbase to stop all cryptocurrency trading except for Bitcoin. Coinbase CEO Brian Armstrong told the Financial Times that after the SEC made this suggestion, it filed a legal lawsuit against the Nasdaq-listed company last month for failing to register as a broker.
The SEC's case classifies 13 lesser-traded cryptocurrencies on the Coinbase platform as securities and claims that by offering these cryptocurrencies to customers, the trading platform falls under the jurisdiction of the regulatory agency. (Source Link)
3. Data: Base TVL Surpasses $60 Million, Increasing Over 6000% in the Past 7 Days
According to L2BEAT data, the total locked value in the Ethereum Layer 2 network is currently $10.47 billion, with OP Mainnet TVL at $2.92 billion, an increase of 4.64% over the past 7 days; Base TVL is $60.58 million, with an increase of 6176.51% over the past 7 days; Mantle TVL is $44.74 million, with an increase of 64.7% over the past 7 days; Linea TVL is $31.77 million, with an increase of 52.09% over the past 7 days; additionally, Starknet TVL is $99.6 million, with a decrease of 22.94% over the past 7 days. (Source Link)
4. ArbDoge AI Acknowledges Crypto KOL Wang Dayou as Its Founder
The meme project ArbDoge AI tweeted that Wang Dayou, a crypto KOL from China, is its first NEO and the only leader of NEO. The founder is willing to face the AIDOGE community after careful consideration. This is one of the ways the AI team conveys trust to the community.
Earlier, crypto KOL Wang Dayou stated on his social platform that he is the founder of the meme project ArbDoge AI, and that the project's tokenomics, operations, every Medium story, and tweet were all created by him.
It is reported that NEO refers to the spiritual totem revered by the ArbDoge community, representing people who are lonely, misunderstood, do not want to return to their past lives, and are repeatedly tormented by the hardships of life. (Source Link)
5. 0xScope: An Address on Base Deployed 29 Memes and Rug Pulled All
According to monitoring by 0xScope, an address deployed 29 memes on Base and rug pulled all of them. This address initially transferred 55.5 ETH to Base, worth $103,000, and now the wallet assets total $1.07 million. (Source Link)
6. Data: Base Chain's Largest DEX LeetSwap Surpassed $230 Million in Trading Volume in the Last 24 Hours, with BALD Accounting for Nearly 50%
According to DEX Screener data, the largest decentralized trading platform on the Base chain, LeetSwap, saw its trading volume soar to $230 million in the last 24 hours, with 526,000 transactions. Among LeetSwap's top ten trading pairs, aside from the platform token LEET, the other nine are all meme coins. Notably, BALD's trading volume in the last 24 hours reached $110 million, accounting for nearly 50% of the platform's total trading volume. (Source Link)
7. Binance's Dubai Subsidiary Binance FZE Has Obtained a Dubai MVP License
According to an official announcement, Binance's Dubai subsidiary Binance FZE has obtained a Minimum Viable Product (MVP) license for operations in Dubai. Currently, eligible users can access regulated virtual asset services through Binance FZE, including fiat deposits and withdrawals. (Source Link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
1. “Arthur Hayes: DAOs are Companies in the AI Era, DEXs are Financial Markets in the AI Era”
In this article, Arthur Hayes outlines his thoughts on DAOs, AI, DEXs, and their relationships with companies and even nations. He elaborates on the following five points:
Nations cannot exert control over AI, as they cannot kill AI or meaningfully punish it.
Because nations cannot exert control, AI economic units (i.e., AI DAOs) have no reason to adhere to any nation-based legal norms.
To compel AI compliance, the underlying network powering DAOs will need to utilize smart contracts deployed and executed on public blockchains.
Since nations cannot exert control over DAOs, DAOs will raise and trade tokens such as debt, equity, and utilities on DEXs, which are not hosted on traditional centralized exchanges (CEXs).
DEXs are likely to become natural monopolies, as they will be the first truly global trading venues where anyone with an internet connection can meet and trade.
2. “Lybra: The Growth Path and Real Challenges of the New LSDFi Star”
Lybra Finance is a new LSDFi project that emerged in April this year, facing numerous controversies since its inception. Issues regarding the source of IDO funds, contract problems, and implications of its relationship with Lido on social media have made Lybra Finance a focal point of debate, while its stablecoin design's lack of anchoring capability has also drawn criticism from DeFi players.
Despite this, Lybra's TVL has already captured a significant share during the so-called LSDFi summer.
3. “Celestia Researcher Analyzes Rollups (II): 4 New Rollup Solutions”
This article is a compilation of scattered remarks by Celestia researcher NashQ regarding the analysis of Rollup models, including four new Rollup variants. Previously, in the article “Celestia Researcher Analyzes 6 Rollup Variants: Sequencer = Aggregator + Header Generator”, he listed six different Rollup models, and this article presents four new categories of Rollup models abstracted from that foundation.
