BTC $77,008.81 -1.73%
ETH $2,255.07 -1.43%
BNB $697.78 -2.16%
XRP $1.25 -0.45%
SOL $92.25 -2.68%
TRX $0.3200 +2.15%
DOGE $0.0742 -1.92%
ADA $0.1892 -2.16%
BCH $277.38 -2.14%
LINK $11.08 -2.47%
HYPE $83.95 -4.01%
AAVE $125.87 -7.12%
SUI $0.8700 -3.57%
XLM $0.1617 -4.21%
ZEC $1,142.46 -8.68%
AAPL $329.32 -4.73%
AMZN $246.42 +2.14%
GOOGL $280.94 -0.80%
MSFT $508.57 -2.96%
META $609.54 -1.14%
NVDA $204.96 -0.90%
TSLA $405.69 +1.21%
SNDK $1,098.85 -6.29%
INTC $61.43 -7.01%
SPCX $137.72 -0.24%
MU $848.51 -6.15%
AMD $478.09 -7.02%
BTC $77,008.81 -1.73%
ETH $2,255.07 -1.43%
BNB $697.78 -2.16%
XRP $1.25 -0.45%
SOL $92.25 -2.68%
TRX $0.3200 +2.15%
DOGE $0.0742 -1.92%
ADA $0.1892 -2.16%
BCH $277.38 -2.14%
LINK $11.08 -2.47%
HYPE $83.95 -4.01%
AAVE $125.87 -7.12%
SUI $0.8700 -3.57%
XLM $0.1617 -4.21%
ZEC $1,142.46 -8.68%
AAPL $329.32 -4.73%
AMZN $246.42 +2.14%
GOOGL $280.94 -0.80%
MSFT $508.57 -2.96%
META $609.54 -1.14%
NVDA $204.96 -0.90%
TSLA $405.69 +1.21%
SNDK $1,098.85 -6.29%
INTC $61.43 -7.01%
SPCX $137.72 -0.24%
MU $848.51 -6.15%
AMD $478.09 -7.02%

rac

All
Article
Flash

first_img The perpetual contract platform Extended announced the XTEN token economy

The team behind Revolut has launched the perpetual contract platform Extended and released the XTEN token economic description. XTEN is the native token of the Extended ecosystem, with a maximum supply of 1 billion tokens, minted all at once at genesis, and the supply cap cannot be increased. The community airdrop allocates 300 million tokens, accounting for 30% of the total supply, which will be fully unlocked at the Token Generation Event (TGE). The portion unlocked at TGE accounts for approximately 32.9% of the total supply, with a maximum circulating supply of 30% of the total. XTEN staking will go live simultaneously with TGE, with League level thresholds starting from 500 XTEN.Founders, team members, and investors will collectively receive 500 million tokens, which will not be unlocked before the end of a 12-month cliff period. After the cliff period, the founders and team will release tokens linearly in 36 equal installments from the 13th month to the 48th month; investors will unlock 25% in the 12th month, with the remaining 75% released monthly until the 48th month. The ecosystem allocation is 200 million tokens, of which 150 million will enter the emission reserve as the sole source of staking rewards, and emissions will stop once this reserve is exhausted; 50 million tokens will be allocated to the ecosystem fund, with 28.589286 million tokens unlocked at TGE but stored in a public wallet, with further announcements to be made before deployment. In the community allocation, 17.384355 million tokens correspond to the internal market-making platform of the operating entity X10 Ltd., obtained according to the points system, and the tokens are owned by X10 Ltd.To receive the airdrop, users must sign the terms within the app; the signing window will be announced separately, and any unaccepted allocations before the window closes will be transferred to the ecosystem fund. The staking balance determines the discount on transaction fees, additional yield multipliers for the Vault, deposit limits, and alliance revenue multipliers, with staking discounts ranging from 5% for Pawn tier to 30% for King tier. Unstaking will have a 7-day queue, during which no rewards will be counted, and it will not affect the level. XTEN will natively support Circle's CCTP, and Extended claims it is the first third-party token to launch on Arc with native CCTP support. Due to considerations related to MiCA, XTEN will not be available for EU users on Extended at the time of spot launch, but European point holders can still claim, hold, stake, and transfer. The TGE date, claiming window, and emission schedule will be announced separately, with the issuer being Extended Ecosystem Limited, and the white paper has been reported to the Cyprus Securities and Exchange Commission (CySEC).

South Korea plans to impose an 11% tax on profits from perpetual contracts of U.S. stocks traded on overseas exchanges starting next year

According to a report by South Korea's "Daily Economic News," the Ministry of Economy and Finance has decided to classify perpetual contracts linked to U.S. stocks as overseas stock derivatives, bringing them under the scope of capital gains tax. Starting next year, profits earned from investing in such products through overseas cryptocurrency exchanges will be subject to an 11% tax rate, calculated after deducting a basic exemption of 2.5 million Korean won from annual earnings, which is half of the tax rate for overseas spot stocks (22%).The report states that U.S. stock perpetual contracts are derivatives traded through overseas cryptocurrency exchanges like Binance, tracking U.S. stocks such as Nvidia, Apple, and Tesla. Since the Financial Services Commission of South Korea has not permitted perpetual contracts, South Korean investors can only participate through overseas exchanges. According to industry statistics, the trading volume of such products across 19 global exchanges from January to August this year was approximately $1 trillion. The South Korean government plans to monitor investors' relevant trading records at overseas exchanges and tax them accordingly. The news cites sources from South Korean government departments, but has not yet received official confirmation from the Ministry of Economy and Finance.

first_img Injective NFT market Talis contract was exploited, approximately 5,700 NFTs were sold

Cosmos ecosystem NFT marketplace Talis Protocol stated on October 31 on X that attackers exploited vulnerabilities in its market and auction contracts on Injective, resulting in approximately 5,700 hosted NFTs being extracted and sold into public collection bids.Talis indicated that it has suspended new listings and auctions on Injective and will return over 26,000 NFTs in the contract to their holders. As a precaution, new listings and auctions on other chains have also been suspended. Please do not buy, list, or bid on Talis until the fixes are confirmed safe; users can still cancel unexecuted bids. If listings or auctions disappear, please check your wallet.The project stated that the repaired contracts are ready and are undergoing pre-deployment review, with a timeline to be announced later. The team has recorded each affected NFT, the holders before the theft, and each transaction bid, and is formulating a plan to return the NFTs to their original holders and compensate the bidders. A list of affected NFTs will be published, and please do not purchase these NFTs in the meantime.Talis also stated that it will not request wallet connections to claim any content via private messages, and a complete post-incident explanation will be released later.RootData shows that Talis Protocol was established in 2021 and completed a $2.35 million private fundraising round in November of the same year.

first_img Chainalysis: Hackers are using old tactics to transfer stolen funds from Binance, and transferring to ETH can still be tracked

Blockchain data analysis company Chainalysis stated on October 31 that addresses related to stolen funds from Binance are attempting to transfer assets before the stablecoins are frozen. One method they are tracking involves depositing stablecoins into DeFi protocols and then retrieving them with new addresses.Chainalysis indicated that this method appeared early on the Tron blockchain following the approximately $6.4 billion attack. The related operations first convert TRX into stablecoins, and then into tokenized deposit receipts. These receipt tokens themselves cannot be frozen, but holders can exchange them back for the stablecoins they represent. The company noted that North Korean threat actors have used similar methods in other cases, citing the example of the TraderTraitor organization transferring $500,000.According to Chainalysis, the related funds were deposited into DeFi lending protocols and received non-frozen deposit tokens, which were then transferred to a new wallet that was not associated and exchanged back for stablecoins, before being converted to ETH on Ethereum through a cross-chain bridge. The company also stated that Circle and Tether have participated in freezing approximately $2.8 billion to date. Chainalysis mentioned that converting stablecoins to ETH does not exempt attackers from being tracked, and its investigators are monitoring the related on-chain patterns in real-time.
app_icon
ChainCatcher Building the Web3 world with innovations.