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first_img Harmony proposed to shut down the blockchain and migrate the ONE token to Ethereum

The Layer 1 blockchain Harmony, once a major competitor to Ethereum, proposed to shut down its mainnet on Sunday, citing threats from AI entities and nation-state actors as too severe. The Harmony team stated on X that since the mainnet launched in 2019, the community has experienced multiple attacks and transformations, and now it is time to completely discontinue the Harmony network. To mitigate the threats, the team proposed migrating the ONE token to Ethereum and redirecting the issuance of newly minted tokens to its new initiative "The Remix Economy for AI Video."According to the proposal, the migration will determine the allocation of alternative tokens received by each holder on Ethereum based on the ONE balance recorded at the final block of the network (i.e., a snapshot), covering wallets, staked tokens, validator rewards, smart contracts, and centralized exchanges. The alternative tokens will be airdropped to the same wallet address on Ethereum, and exchanges will also migrate to the new tokens. Although the proposal states that holders do not need to submit a claim, multi-signature vaults, liquidity pools, and on-chain applications cannot be migrated, and users are urged to exit all smart contracts by September 10, 2026. Harmony also proposed to pay eligible validators and their delegators in four installments from a pool of $1.372 million, provided that validators maintain their stakes, sign agreements, and serve governance roles.This migration proposal is the latest case of blockchain networks facing increased scrutiny due to attacks. In August of this year, Harmony confirmed it was attacked, with the attackers creating approximately 4 billion unauthorized ONE tokens, prompting the team to release a patch and consider a rollback.

first_img The Polish prosecutor's office has filed charges against the fifth suspect in the Zondacrypto case

According to CoinDesk, the Polish prosecutor's office has charged Roman Ż., a former business partner of the missing BitBay/Zondacrypto founder Sylwester Suszek, with two counts, including fraud.Roman Ż. was arrested last Saturday in the Silesia region of Poland, and his lawyer stated that he had assisted in managing the exchange before BitBay was renamed Zonda. Roman Ż. denies the charges and has provided a detailed statement to investigators, with police seizing valuable watches and documents related to Zondacrypto during the search.The prosecutor's office stated that the arrest was ordered due to concerns that Roman Ż. would flee upon learning of plans to travel to China, with his lawyer describing the trip as a business trip and stating that he held a return ticket for September 13. The court will decide whether to continue detaining Roman Ż. during the investigation.Previously, BitBay was renamed Zondacrypto in 2021, and the exchange ceased trading in April, following customer withdrawal freezes, with estimated losses of at least 35 million zlotys (approximately 9.4 million USD). The Estonian Financial Intelligence Unit partially suspended the license of the brand entity BB Trade Estonia OÜ. The Polish prosecutor's office has launched an investigation into suspected large-scale fraud and money laundering, receiving over 3,600 complaints as of June.The case is also related to Suszek's disappearance in March 2022, with the prosecutor's office merging the Zondacrypto investigation with the Suszek missing person case in August.

first_img Samsung's 4-nanometer production capacity is more than half used for HBM4 substrate chips

Samsung Electronics' wafer foundry division has recently surpassed 50% in the allocation of production capacity for the sixth-generation high bandwidth memory HBM4 substrate chips in the 4-nanometer process. The industry states that this division will invest more than half of its 4-nanometer wafers into HBM4 substrate chip manufacturing in the second half of this year to expand supply to companies like NVIDIA, Broadcom, and AMD.Samsung initiated mass production and shipment of HBM4 in February this year and plans to increase supply starting from the third quarter, significantly increasing the related wafer input since mid-year. This chip is based on Samsung's wafer foundry 4-nanometer (SF4) process. As of last month, over 50% of its total 4-nanometer capacity has been allocated to HBM4 substrate chips. According to insiders, Samsung's 4-nanometer process is currently at full capacity, with HBM4 substrate chips accounting for about 50% to 60%, and this high proportion will be maintained in the second half of the year.Samsung's wafer foundry production lines at Pyeongtaek Plant 2 and Plant 3 are mass-producing processes ranging from 4 to 7 nanometers, with a monthly capacity of about 30,000 wafers for the 4-nanometer process. Based on this, the wafer input related to HBM4 substrate chips is estimated to be about 15,000 wafers per month. During the second quarter earnings call, Samsung stated that it expects HBM4 revenue to increase more than threefold quarter-over-quarter in the third quarter, with HBM4 revenue in the second half expected to exceed 60% of the company's overall HBM revenue.
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