ChainCatcher News: Chinese scientists have launched the world's first effective attack on a widely used encryption method using a quantum computer. Researchers stated that this breakthrough poses a "real and significant threat" to the cryptographic protection mechanisms long used by critical sectors, including banking and the military.Although the progress of general quantum computing has been slow and currently poses no threat to modern cryptography, scientists have been exploring various attack methods using specialized quantum computers.In the latest work led by Wang Chao at Shanghai University, the team reported that they successfully cracked encryption algorithms using a quantum computer produced by Canada's D-Wave Systems. Leveraging D-Wave's advantages, they successfully attacked the Present, Gift-64, and Rectangle algorithms, all of which are representatives of the SPN (Substitution-Permutation Network) structure, a part of the widely used Advanced Encryption Standard (AES) in military and financial applications. For example, AES-256 is considered the best available encryption and is often referred to as military-grade encryption.

ChainCatcher news reports that an investigation in South Korea into soldiers using military passwords as collateral for loans to purchase cryptocurrency has revealed 29 cases of leaking military secrets. Among them is a captain who "sent confidential documents" related to "special forces wartime missions." This captain sent the data to someone who then sent "cryptocurrency worth 48 million won (35,700 USD) in return."According to previous reports, South Korean prosecutors believe that at least three active-duty soldiers this year handed over "Level 3" military passwords and secret documents to loan sharks to invest in cryptocurrency or repay "crypto investment debts."Earlier this month, the South Korean Ministry of Defense revealed that a court sentenced a captain to probation and expelled him from the military.Several other soldiers are also suspected of similar behavior. Prosecutors have charged three "loan sharks," accusing them of accepting military secrets in exchange for illegal cash loans.The ensuing controversy led to lawmakers getting involved. Kang Dae-sik, a member of the ruling People Power Party and the National Defense Committee, compiled data from the Ministry of Defense. His office recently stated that this data shows that since 2021, proxy soldiers have leaked secrets on 29 different occasions. Among these, 6 cases were reported in 2021, 8 cases in both 2022 and 2023, and 7 cases reported by 2024. (TVChosun)

ChainCatcher news, on-chain detective ZachXBT fiercely criticized cryptocurrency KOL Zion "Ansem" Thomas, accusing him of facilitating a series of MEME token "pump and dump" activities. The first mention of Thomas referred to MEME supporter Murad Mahmudov's "Memecoin Supercycle" speech at the Token 2049 conference, accusing Thomas of promoting tokens to his followers rather than those that truly have market advantages. Mahmudov was the Chief Investment Officer of Adaptive Capital, a crypto hedge fund that collapsed in March 2020 due to market downturns.ZachXBT criticized, "If you have to promote new low-market-cap memecoins to your followers every few days, it indicates that you have no market advantage and can only exploit your followers." Wolk believes that Thomas is also involved in such behavior. Thomas has over 507,000 followers on X, and ZachXBT claims that his influence over low-market-cap tokens is excessive, which could lead many followers to incur losses chasing the hype of memecoins.Thomas responded by mentioning that he recommended the token when WIF had a market cap of $100,000, which later peaked at $4.8 billion in March this year. He believes this is "much better" than promoting utility-based tokens like Chainlink (LINK), as LINK has dropped 90% against Bitcoin since the beginning of the year.

ChainCatcher news, according to South Korean media reports, several South Korean officers may have used highly classified military passwords as collateral when borrowing money from loan sharks to purchase cryptocurrency.The South Korean Ministry of Defense stated that in June of this year, an unnamed officer was sentenced to probation and added that he officially retired on September 19.A spokesperson stated that officials from the Defense Intelligence Command "became aware of the crime committed by an active-duty captain earlier this year" and prosecuted him in military court in March for violating the Military Secrets Protection Act. The officer was sentenced to two years and six months in prison, with a four-year probation. The intelligence agency is further investigating the situation of "active-duty officers" in a unit in the Chungcheong region using passwords to obtain loans for "trading or investing in cryptocurrency."Media reports indicate that there are allegations that "most of the soldiers involved in the incident are officers in their 20s and 30s. They are eager to borrow money for cryptocurrency trading or investment."

ChainCatcher news, South Korean cryptocurrency exchange Upbit announced that in conjunction with a network upgrade, it will suspend the deposit and withdrawal services for Metal (MTL), Lisk (LSK), and Brett (BRETT) starting from September 11, 2024, at 15:00 (Beijing time 14:00). The suspension will last until the stability of the network upgrade is confirmed, and the specific resumption time will be notified separately.

ChainCatcher news, Sun Yuchen stated on social media that recently, the Tron network received community feedback regarding front-running trades. After investigation, it was found that the Tron network does not have an MEV (Maximal Extractable Value) mechanism. Overall, Tron is significantly ahead of Ethereum and Solana in preventing bot front-running, with an interception rate of around 98%.Tron’s SR (Super Representative) nodes have not implemented any MEV mechanism, and no one can prioritize their transactions on-chain through price manipulation or manipulate blocks by rearranging, inserting, or deleting transactions to gain extra profits.Investigations show that Tron super nodes have not accepted bribes to facilitate front-running trades, and the official stance strictly prohibits any form of assistance for front-running.The so-called MEV trades identified by the community involve a large number of failed scenarios, where bots are using probabilistic methods to exploit victims.Front-running is a strategy employed by bots on every blockchain, and Tron is no exception. However, Tron’s design eliminates privileged mechanisms, such as prioritizing on-chain transaction senders. Additionally, the decentralized voting system supervises SR behavior, significantly reducing the likelihood of front-running and making the market fairer.

ChainCatcher news, Messari released the LayerZero Q2 2024 status report, LayerZero added support for 12 networks, facilitating the transfer of $5 billion in crypto assets, with the average transaction value increasing by 78% to over $400. The Ethereum network's transaction volume grew by 26% month-over-month, reaching $913 million, mainly due to the Dencun upgrade that reduced gas fees and the introduction of full-chain re-staking. On June 20, LayerZero airdropped ZRO tokens to 1.28 million eligible wallets, employing anti-witch attack measures and a "proof of donation" mechanism. In the second quarter, the number of full-chain applications (OApp) contract deployments supported by LayerZero exceeded 50,000, covering various fields such as gaming, DeFi, and AI. LayerZero currently supports secure communication across over 80 networks, providing interoperability solutions for full-chain applications.

ChainCatcher message, the Israel Defense Forces continued military operations in the Gaza Strip on August 30. According to the Palestinian news agency, multiple areas in the Gaza Strip were subjected to airstrikes and shelling by the Israeli army, including the Jabalia refugee camp in the northern Gaza Strip, the Maghazi refugee camp in the central region, and Khan Younis in the south.According to Israeli media reports, the Israel Defense Forces issued a statement on the 30th stating that the 98th Division concluded its three-week operation in the southern Gaza Strip. Earlier that day, the 98th Division withdrew from the Gaza Strip to prepare for future operations. The Israeli military also released a video showing military actions by the army in Khan Younis in the southern Gaza Strip and Deir al-Balah in the central Gaza Strip.

ChainCatcher news, the liquid staking protocol StaFi Protocol announces the introduction of Chainlink's interoperability protocol CCIP, aimed at facilitating cross-chain asset transfers of LST tokens and synchronizing exchange rates between EVM chains. The CCIP module consists of an exchange rate cross-chain module and a token cross-chain module, both of which are independent and can be deployed and used separately.

ChainCatcher message, Stacks stated in a post on X that the current transaction processing time for Stacks is about 10 minutes, which severely limits the development of its DeFi applications.The upcoming Nakamoto upgrade will completely change this situation by significantly shortening block times, promising to revolutionize the Bitcoin DeFi ecosystem. After the upgrade, the interaction time for users with existing protocols will be reduced from minutes to seconds, greatly improving user experience, supporting high transaction volume use cases, and eliminating the limitations of complex DeFi strategies. For example, currently time-consuming operations such as liquidity Stacking token minting, depositing into DeFi applications, and collateralized lending will become much faster.In summary, the Nakamoto upgrade will facilitate rapid interaction between users and DeFi applications, support the implementation of DeFi strategies that require quick block confirmations, and attract more developers to build high-throughput applications on Bitcoin.

ChainCatcher news, Hezbollah announced that it used multiple drones to attack the IDF's 91st Division headquarters located in Ayelet HaShahar in the early hours of the day.Hezbollah stated that this attack was in response to the IDF's assassinations and attacks in several locations in southern Lebanon.

ChainCatcher news, according to official sources, Binance Charity has partnered with Ukraine's Children of Heroes to provide certified psychological rehabilitation programs for Ukrainian children who have lost relatives in the war, and has donated 50,000 USDT (equivalent to 2,000,000 UAH) to the program.

ChainCatcher news, CKB has reached a cooperation with the full-chain AI game ecosystem Cellula, which will use the RGB++ protocol to issue 511*6 sets of BitCell NFTs on the Bitcoin layer 1 network. Cellula's unique vPoW mining mechanism complements Bitcoin's PoW mechanism, empowering its game assets BitCell. At the same time, Cellula will also utilize the RGB++ protocol to create the first autonomously evolving on-chain digital life in the BTC ecosystem, bringing a brand new unique experience to its ecosystem.The RGB++ protocol provides programmability for the Bitcoin mainnet and allows assets to leap directly between the Bitcoin mainnet and CKB without the need for cross-chain bridges, achieving complete decentralization.

According to ChainCatcher news reported by The Block, the cryptocurrency exchange platform Kraken has increased support for Copper's ClearLoop, allowing institutional clients to settle trades on Copper's infrastructure rather than on the exchange itself.ClearLoop enables such traders to trade virtual balances on the exchange while actual settlements occur on their own network. This means that the token balances of these traders are guaranteed by Copper, rather than being stored on the exchange. This move helps institutional clients reduce the risk of funds being stolen.

ChainCatcher news, the CKB Eco Fund announced a strategic partnership with Cross-Chain Tokens (ccTokens) and Meson Finance to facilitate the deployment of ccBTC on the CKB main chain, introducing Bitcoin liquidity to the CKB mainnet. Matrixport subsidiary Cactus Custody will serve as the official custodian of BTC assets, ensuring meticulous management of the Bitcoin reserves backing ccBTC. Leading cross-chain service provider Meson Finance will act as the designated cross-chain bridge for the CKB Eco Fund, officially launching on the CKB mainnet and supporting ccBTC, helping users achieve cross-chain circulation of ccBTC assets on mainstream public chains and BTC Layer 2.ccBTC is a token backed by a 1:1 Bitcoin reserve, which will leverage the features of the Nervos CKB and RGB++ protocols to ensure the secure flow of BTC between the Bitcoin ecosystem, enabling various DApps to utilize Bitcoin assets, such as in DEX, decentralized lending, algorithmic stablecoins, and derivatives markets, as well as in large-scale adoption scenarios like the Lightning Network and Nostr social protocol.