ChainCatcher news, Chaos Labs founder Omer tweeted that the PAXG/USDC market on Morpho lost approximately $230,000 due to an oracle configuration error.Specifically, the Oracle SCALE_FACTOR configuration on Morpho failed to account for the difference between USDC (6 decimal places) and PAXG (18 decimal places), which resulted in a 12-digit inflation of the PAXG price, and the security monitoring may have focused on the reference price rather than the calculated oracle price. Ultimately, the attacker deposited $350 worth of PAXG and borrowed $230,000 worth of USDC.

ChainCatcher news, stablecoin issuer Paxos announced on platform X that the market capitalization of the gold-backed stablecoin PAXG has reached a new high of 500 million dollars. Paxos stated that each PAXG token is backed by 1 troy ounce of gold stored in the London LBMA vault.In addition, recent spot gold prices have been continuously refreshed, reaching 2670 dollars per ounce yesterday, setting a new historical high.

ChainCatcher news, RWA.xyz posted on X that the tokenized precious metals market has surpassed the $1 billion mark, among which:Tether's XAUT market cap rose from $384 million to $491 million, becoming one of the main driving forces, while Paxos' PAXG remains the largest product.Global financial institutions like HSBC are not only providing tokenized gold to retail investors but also supporting technological advancements, including the development of post-quantum cryptography for tokenized gold.Further experiments are underway, led by gold NFTs and tokenized gold supporting stablecoins.

ChainCatcher message, the dYdX Foundation stated on the X platform that the dYdX community has initiated a vote to "propose adding support for PAXG on the dYdX Chain," with a new PAXG-USD perpetual market. The related vote will end on August 19 at 22:24 UTC.

ChainCatcher news, Paxos officially released the April Pax Gold (PAXG) transparency report, which discloses the unaudited financial data of PAXG as of April 30 at 5 PM Eastern Time. The main points include: the circulating supply of issued PAXG slightly increased to 184,251.712 tokens, the reserve gold slightly increased to 184,251.761 ounces, and PAXG maintains over-collateralization.PAX Gold tokens are a type of cryptocurrency stablecoin that allows financial market participants to trade tokenized London Good Delivery gold on the blockchain, with each token representing ownership of the London Good Delivery gold held in the vault.

ChainCatcher news, PeckShield stated on Twitter that 11,184.18 PAXG (approximately 20 million USD) was transferred from the FTX hacker address labeled as FTX Accounts Drainer to a Null address and was destroyed in the Paxos Treasury. (Source link)