According to ChainCatcher news reported by CoinDesk, JPMorgan Chase has announced the renaming of its Onyx division, which focuses on tokenization and blockchain, to Kinexys. The bank plans to launch on-chain foreign exchange capabilities as early as the first quarter of 2025, enabling 24/7 automated multi-currency settlements.JPMorgan's JPM Coin blockchain settlement technology has also been renamed to Kinexys Digital Payments. Users of the platform include global companies such as Siemens, BlackRock, and Ant International.JPMorgan stated that with the increase in transaction volume, higher customer adoption rates, and product expansion, they are ready to accelerate the application of blockchain technology and tokenization in mainstream financial services. The new on-chain foreign exchange feature will initially support USD and EUR, with plans to expand to other currencies in the future.

ChainCatcher news, according to the ranking surge data from the Web3 asset data platform RootData, as of November 4th, 17:00, AeroNyx has risen by 744 ranks, securing the first position; Scam Sniffer has risen by 590 ranks, ranking second; Krav Trade has risen by 586 ranks, coming in third.Additionally, the Web3 asset data platform RootData shows that AeroNyx is a decentralized platform that builds a DePIN bridge using the Bitcoin network, allowing users to monetize computing power resources, enhance AI, and improve privacy protection.It is reported that RootData has launched the first "Web3 Hot Project Ranking." This popularity ranking helps users capture the real pulse of attention and improve the accuracy of investment decisions through 4.3 million real user behavior data. The ranking is calculated in real-time based on weighted factors such as search frequency by platform users, project click rates, user votes, and the popularity and influence on the X platform.

ChainCatcher message, according to the popularity index ranking data from the Web3 asset data platform RootData, as of November 4th, 10:45, the top five projects in the Web3 popular projects Top 100 are: Grass, Aleo, DAWN, Gradient Network, Nodepay.In addition, AeroNyx has seen the largest ranking increase, rising 771 positions overall.It is reported that RootData has launched the first "Web3 Popular Projects Ranking." This popularity ranking helps users capture the real pulse of attention and improve the accuracy of investment decisions through 4.3 million real user behavior data. The ranking will be calculated in real-time based on the weighted values of user search frequency, project click rates, user votes, and the popularity and influence on the X platform.

ChainCatcher news, Onyx Protocol posted on platform X stating that in response to the recent theft incident, Onyx Protocol has released proposal OIP-46, suggesting to restart Onyx's open-source licensed financial network Onyx Core as the main product, ensuring the governance of Onyx Core and the rewards for Onyx Stakers alongside XCN Staking.According to the proposal, Onyx Protocol will operate a closed lending protocol on Onyx Core, allowing users to wrap and lend NFTs and real-world assets (RWA), while supporting crypto assets from multiple chains. This move will shut down the Ethereum-based lending market and fully compensate all affected users, paying them at a 1:1 ratio for the assets they provided.

ChainCatcher message, Onyx released a post-analysis of the protocol's currency market on platform X, which pointed out that the Onyx protocol encountered a security incident where a malicious actor exploited a vulnerability to withdraw VUSD, with the vulnerability involving the NFT liquidation contract.It is reported that the main issue of this attack was not the empty market, but rather the NFTLiquidation Contract, and XCN Staking and XCN Farming were not affected.

ChainCatcher message, Shield posted on platform X stating that OnyxDAO has become the latest victim of a precision vulnerability attack, with losses exceeding 3.8 million dollars.It is reported that the attack originated from a known precision issue in the CompoundV2 fork code they used. The stolen assets include 4.1 million VUSD, 7.35 million XCN, 5,000 DAI, 0.23 WBTC, and 50,000 USDT. The attacker exploited an almost vacant market to manipulate the exchange rate, successfully stealing the funds.

ChainCatcher message, Cyvers Alerts stated that suspicious transactions involving Onyx have been detected on the Ethereum blockchain, with current losses potentially reaching 3.2 million USD, primarily in VUSD. The attacker currently holds 521 ETH, worth approximately 1.36 million USD.

ChainCatcher news, according to Coindesk, German industrial giant Siemens AG successfully issued and settled tokenized commercial papers using JPMorgan's blockchain payment system Onyx and the private blockchain of SWIAT.On September 13, Siemens issued crypto securities worth 100,000 euros under Germany's Electronic Securities Act (eWpG) and redeemed them three days later. The payment was completed through JPM Coin system on the Onyx network, while the asset transfer was settled on the SWIAT network's "delivery versus payment" (DvP) mechanism. The entire process took only 93 seconds from the confirmation of the transaction by both parties on SWIAT to the final confirmation of asset and payment transfer.This transaction marks the beginning of cooperation between Onyx and SWIAT to develop blockchain-based asset issuance products for commercial banks. The two parties aim to shorten the value chain, enhance transaction flexibility and speed, and ultimately enable scalable applications of blockchain-based financial transactions for commercial banks.

ChainCatcher news, JPMorgan Chase plans to open its permissioned blockchain Onyx to allow third parties to deploy applications, which will also enable others to tokenize assets on JPMorgan Chase's blockchain.It is reported that the blockchain-based account solution JPM Coin Systems team is focused on building Onyx Digital Assets and collaborating with third parties in this field.JPMorgan Chase Vice President Stephanie Lok revealed that the Onyx blockchain has processed over $1 trillion in nominal transactions, handling up to $2 billion in transactions daily.

ChainCatcher news, according to DLnews, JPMorgan CEO Jamie Dimon has once again criticized Bitcoin, stating to Congress last week: "If I were the government, I would shut down Bitcoin." Jamie Dimon's criticism of Bitcoin has a long history. However, in reality, JPMorgan's digital asset platform Onyx currently has 300 employees, up from just over 100 three years ago.An insider confirmed these hires and also stated that the company processes approximately $1 billion in blockchain transactions daily. Cryptocurrency and macroeconomics expert Noelle Acheson said, "He (Jamie Dimon) hates Bitcoin. But he likes enterprise blockchain. He is even interested in DeFi."

ChainCatcher news, the cross-chain infrastructure protocol Axelar (AXL) recently collaborated with JPMorgan's digital asset platform Onyx and alternative asset management firm Apollo to implement a proof of concept (POC) project, demonstrating how to use smart contracts to manage large-scale client portfolios. In this proof of concept, blockchain technology was utilized to execute transactions and automate the portfolio management of tokenized financial assets (i.e., real-world assets, RWA).Axelar (AXL)'s cross-chain infrastructure protocol connects value and communication to over 50 blockchains through a secure and programmable network, and has now integrated off-chain systems with on-chain networks through a hybrid system. JPMorgan's Onyx leverages Axelar (AXL)'s cross-chain technology to achieve interoperability with the Provenance blockchain, which currently locks in $9 billion in real-world financial asset value on-chain.Axelar (AXL) CEO Sergey Gorbunov stated that with Axelar, JPMorgan's Onyx is able to bring composability and programmability into portfolio management, showcasing the powerful potential of blockchain interoperability by managing 100 portfolios through automated modularization. Since the mainnet launch in 2022, Axelar has transferred over $6 billion in value through its cross-chain protocol and a network of 53 chains.

ChainCatcher news, Christine Moy, a partner at alternative asset management firm Apollo, stated on social media that Apollo has partnered with JPMorgan's digital asset platform Onyx to simplify alternative asset investments using tokenization and smart contracts.Christine Moy mentioned that through this collaboration, over 3,000 operational steps for wealth management institutions can be reduced to one automated process, faster programmatic settlements can lower portfolio costs by approximately 20%, and it can bring a $400 billion annual revenue opportunity to the AWM industry.

ChainCatcher message, the attacker of the DeFi protocol Onyx Protocol sent 6.5 ETH to a certain user address in two transactions, totaling 13 ETH. Previously, this user address had sent a message on-chain to the attacker, saying "Hey, if you could send me some ETH, I would be forever grateful."

ChainCatcher news, according to PeckShield monitoring, the DeFi protocol Onyx is suspected to have been attacked, with current losses of approximately $2.1 million. PeckShield stated that the attacker exploited a known rounding issue behind a CompoundV2 fork to carry out the attack.

ChainCatcher news, digital bank Onyx Private announced the completion of a new funding round of $4.1 million, with participation from Village Global, Y Combinator, Global Founders Capital, One Way Ventures, 186 Ventures, and Olive Tree Capital.It is reported that Onyx Private is currently collaborating with Piermont Bank to provide digital banking services, offering users high-yield, fixed-income investment portfolio products. Its investment services are managed by Helium Advisors, and brokerage accounts are cleared through Pershing, a subsidiary of BNY Mellon. (source link)

ChainCatcher news, Tyrone Lobban, head of JPMorgan's (JPM) digital asset platform Onyx, stated in an interview with CoinDesk that about 15 banks and broker-dealers are seeking to use Onyx-based repo services. Onyx's next focus will shift to the tokenization of traditionally hard-to-finance assets such as money market funds, and using them for collateral purposes. Furthermore, Lobban expects to issue a broader range of assets based on blockchain, including the tokenization of private equity funds. (source link)

ChainCatcher news, according to Bitcoin.com, JPMorgan has announced the establishment of an innovation lab in Greece, which will use blockchain tools to develop solutions, focusing on developing applications and digital identity solutions on top of JPMorgan's blockchain platform Onyx launched in 2020. (source link)