According to ChainCatcher news, on-chain analyst Yu Jin monitored that the ZKasino project team just took profits from their leveraged long position on ETH earlier this morning.After the drop tonight, the ZKasino project team resumed their leveraged long position on ETH 1 hour ago: they borrowed 15 million DAI from Aave through 2 addresses to buy 4,185 ETH at an average price of $3,584.

ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, the ZKasino project team has ended their leveraged long position on ETH, making a profit of 651.5 ETH (2.37 million USD).Recently, the ZKasino project team misappropriated 10,535 ETH belonging to users to borrow 53.91 million DAI on-chain to buy 15,645 ETH for a leveraged long position on ETH; 6 hours ago, they chose to end this leveraged long position. They sold 15,005 ETH bought through leverage and repaid the loan, earning a profit of 651.5 ETH; subsequently, they dispersed and transferred a total of 11,186.5 ETH (40.75 million USD), which includes the users' ETH and the profits, to 9 addresses.

ChainCatcher news, Simon Kim, CEO of South Korea's largest crypto venture capital firm Hashed, pointed out that with the postponement of cryptocurrency taxation in South Korea for another two years, the institutionalization process in the country's cryptocurrency and Web3 sectors is expected to accelerate. Kim listed several anticipated policies, including allowing companies to open cryptocurrency accounts, opening up participation for institutional investors in cryptocurrency investments, permitting the issuance of tokens in South Korea, and releasing a regulatory framework for STO/RWA.Other important policy directions include establishing guidelines related to stablecoins, creating accounting standards for virtual assets, segmenting professional fields such as custody, recognizing cryptocurrency companies as venture capital firms (currently regarded as part of the gambling industry), allowing South Korean exchanges to access overseas users, and lifting restrictions on South Korean companies' investments in overseas blockchain firms.

ChainCatcher news, Bitwise CEO Hunter Horsley posted on social media that the bear market has fostered a zero-sum mentality, where one profits by taking a share from others in an ever-shrinking pie.However, as of November this year, the total market capitalization of cryptocurrencies has surpassed the previous high of $3 trillion in November 2021. The market is entering a period where the pie is getting bigger, and it's time to shift our mindset.The winning mentality at this stage is to encourage maximizing the size of the pie, increasing participation, treating on-site participants well, and supporting teams to fully realize their potential and strengths.

ChainCatcher news, Bitwise CEO Hunter Horsley posted on social media that the bear market has fostered a zero-sum mentality, where one profits by taking a share from others in a shrinking pie.However, as of November this year, the total market capitalization of cryptocurrencies has surpassed the previous high of $3 trillion in November 2021. The market is entering a period where the pie is getting bigger, and it is time to change the way of thinking. The winning mindset in this phase is to encourage maximizing the size of the pie, increasing participation, treating on-site participants well, and supporting teams to fully realize their potential and strengths.

ChainCatcher message, according to X platform user @BiliSquare monitoring, the Gifto project team has continuously increased the issuance over the past 7 hours, with a total of 1.2 billion GFT issued, which has been transferred to Binance, Bitget, and Kucoin exchanges.In addition, the market shows that the GFT price has dropped by 36.18% in the last 24 hours.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the ZKasino project team borrowed 9.36 million DAI 5 hours ago to purchase 2,603 ETH.After depositing 10,535 ETH from users into Aave as collateral, they have cumulatively borrowed 53.77 million DAI to purchase 15,645 ETH to leverage long on ETH. The average price of this leveraged ETH purchase is $3,437.With the significant rise in ETH, the ZKasino project team has currently realized an unrealized profit of $3.22 million by using users' ETH as collateral for leveraged long operations.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the ZKasino project team continues to increase their leveraged long position on ETH. In the past 2 hours, they borrowed 12.38 million DAI from Aave through a loop loan to purchase 3,723 ETH. They have used 10,535 ETH belonging to users as the base margin and have cumulatively borrowed 31.937 million DAI from Aave to acquire 13,040 ETH. The average cost of these leveraged purchases of ETH is 3,402, and they are currently at a floating loss.

ChainCatcher news, according to Ember monitoring, the ZKasino project team borrowed another 8 million DAI last night to buy 2301 ETH, and they have cumulatively borrowed 19.589 million DAI from Aave to purchase 5801 ETH, with an average price of 3377 USD.

ChainCatcher news, blockchain security audit company CertiK has issued a statement saying that it has recently received a large number of requests for help from users of the DEXX platform, who reported that their account assets had been emptied. After verification, CertiK confirmed that this security incident occurred on the Solana chain, which is not within CertiK's audit coverage.CertiK stated that the main reason for the incident was improper private key management on the DEXX platform, leading to the leakage of the official private key.It is reported that the large-scale theft of user assets on the DEXX trading platform has currently confirmed that the stolen funds have reached over 100 million yuan, and the hackers are still continuing their attacks. CertiK reminds all blockchain projects and users that the secure storage and management of private keys is key to ensuring asset safety.

ChainCatcher news, according to Blockworks, GSR research analyst Toe Bautista stated that the entire cryptocurrency market is also in a wait-and-see mode. But the good news is that he believes Bitcoin is "unbreakable" regardless of who wins.The analyst mentioned that from the perspective of altcoins, many project teams have been waiting for the right moment, observing the issuance of other tokens and the election results. When project teams are unsure whether the tokens they plan to deploy will be sued by the U.S. Securities and Exchange Commission within two months, not many are willing to issue tokens right now.However, this has not stopped him from being optimistic about the outlook for the first and second quarters of next year. Toe Bautista believes that if macro conditions remain favorable, the price of Bitcoin could rise further. "It's easy to foresee Bitcoin reaching $80,000, whether in Q1 of next year or by the end of the month."

ChainCatcher news, Startale Labs CEO Sota Watanabe posted on X: "Masaaki Taira, a member of Japan's ruling Liberal Democratic Party and former head of a Web3 project team, may become Japan's digital minister next week.This means a bright future for Web3 in Japan. Taira is very knowledgeable about Web3 and has been supportive of the industry."

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, a suspected DWF Labs address received 7.5 million TRU distributed by the TrueFi project team 13 hours ago. According to the previous proposal, it was decided that DWF Labs would act as the market maker for TrueFi.According to the proposal, DWF Labs' market-making period is 24 months, with DWF providing an annual interest rate of 3%, paid every four weeks in stablecoins (USDT/USDC), with a market-making target of a 35 basis point bid-ask spread.

ChainCatcher message, LayerZero Labs posted on the X platform stating that the submission period for proposals regarding ProtocolR FP feedback has ended, with a total of over 200 proposals submitted. The official team will continue to leave feedback on the proposals directly on Commonwealth. Please note that partner project addresses must be finalized before June 6 at 8:00.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, during the period from March 23 to 29, two addresses (0xc7e, 0x8a6) withdrew 228 million GMT from Binance, attracting significant attention. Currently, it appears that these two addresses belong to the project team. One of them (0xc7e) has distributed 251 million GMT ($82.4M) to 22 addresses, including Binance Labs, in the past hour. These addresses have previously received unlocked GMT monthly and are likely to belong to GMT investors or advisors. This time, it is very likely to be a distribution of tokens to investors/advisors.