headlines

Google Cloud announced a partnership with Solana, which will introduce a blockchain node engine and add BigQuery support for Solana next year

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headlines

pNetwork: The previously drained BNB funds will be returned to unsecured pGALA holders, a snapshot will be taken on November 7

cryptocurrency

The cross-chain protocol pNetwork released the previous GALA abnormal event analysis, saying that the team noticed a configuration error in GALA's pNetwork cross-chain bridge on November 3. So pNetwork contacted GalaGames to decide to suspend cross-chain bridge activity and perform a white hat drain of the pGALA/BNB PancakeSwap pool in an attempt to keep BNB funds in the pool so that they can be returned to their rightful owners once the situation is under control (liquidity provider). White Hat will withdraw 12977BNB (approximately 4.5 million U.S. dollars), and the funds will be returned to the current unsecured pGALA holders. The snapshot will be taken at 16:00 on November 7, 2022.

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cryptocurrency

Data: The total circulation of USDC is 42.1 billion U.S. dollars, a decrease of 1.8 billion U.S. dollars in the past week

According to official news from Odaily, from October 27th to November 3rd, Circle issued a total of USD 3.8 billion USDC and redeemed USD 5.6 billion USDC, and the circulation decreased by about USD 1.8 billion. As of November 3, the total circulation of USDC was US$42.1 billion, and the reserve was US$42.3 billion, including US$10.1 billion in cash and US$32.2 billion in short-term US treasury bonds. (Circle official website)

Circle will list Euro Coin on Solana in the first half of 2023

Odaily News Circle stated that it is introducing Euro Coin into the Solana chain and expanding its cross-chain protocol to Solana in the first half of 2023. Circle launched Euro Coin in June as the European version of its stablecoin USDC, which currently runs on the ethereum blockchain.

Circle said in a statement that FTX will add support for Eurocoin when it goes live on Solana. According to Circle, other decentralized finance protocols have also expressed interest in supporting the stablecoin when it launches. (the block)

Huobi Global released a statement about the truth about the GALA incident

Huobi Global released the truth about the GALA incident: pNetwork’s malicious use of management authority to issue more than 55.6 billion GALA tokens on the BNB Chain is not a white hat, but a premeditated hacker attack with malicious profit as the ultimate goal. White hat is an illegal excuse it seeks to evade legal sanctions. Huobi will pursue its full responsibility and compensation on behalf of the industry and users according to law.

Loopring suffered a DDoS attack yesterday, and the protocol assets were not affected

Loopring, the Ethereum Layer 2 solution, issued a document stating that it was attacked by a DDoS at 21:00 on November 4 (UTC+8). During the incident, the RPS (rate per second) increased significantly, and the Loopring gateway was unable to handle such a huge amount of requests, resulting in service unavailability. The service was interrupted for 11 hours, and the service has been restored. This attack did not affect Loopring assets, so users need not worry.

GameFi and NFTs

Loopring, the Ethereum Layer 2 solution, issued a document stating that it was attacked by a DDoS at 21:00 on November 4 (UTC+8). During the incident, the RPS (rate per second) increased significantly, and the Loopring gateway was unable to handle such a huge amount of requests, resulting in service unavailability. The service was interrupted for 11 hours, and the service has been restored. This attack did not affect Loopring assets, so users need not worry.

GameFi and NFTs

OpenSea launches on-chain royalty enforcement tool for new NFT series

This tool is Opensea's first version of on-chain execution, and more tools and improvements will be rolled out for a new series of on-chain executions in the coming months. The official added that it recognizes that not all creators, NFTs, and communities are the same, and is seeking to develop a long-term policy that reflects this.

This tool is Opensea's first version of on-chain execution, and more tools and improvements will be rolled out for a new series of on-chain executions in the coming months. The official added that it recognizes that not all creators, NFTs, and communities are the same, and is seeking to develop a long-term policy that reflects this.

Investment and Financing

Music game developer Blockstars completes $5 million in financing led by Future Fund

Blockstars, a developer of music management simulation games on the Solana chain, announced the completion of a new round of equity and token financing of US$5 million, led by Future Fund of Play Ventures, with participation from Makers Fund, Solana, Magic Eden, Merit Circle, and Citizen X. The company is considering using artificial intelligence and blockchain fusion technology to create songs, and will explore making more Web3 games in the future.

It is reported that the predecessor of Blockstars was Drivetime, a vehicle-mounted voice-driven game developer. During the epidemic, the latter began to build a blockchain game and completed the name change. Blockstars is developing a game of the same name. Players can create, record and release singles and participate in music competitions , the winner can win the native token ROC reward. (venturebeat)

global regulation

It is reported that the predecessor of Blockstars was Drivetime, a vehicle-mounted voice-driven game developer. During the epidemic, the latter began to build a blockchain game and completed the name change. Blockstars is developing a game of the same name. Players can create, record and release singles and participate in music competitions , the winner can win the native token ROC reward. (venturebeat)

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Brazil’s securities regulator, the CVM, has announced that it will create a cryptocurrency-specific regulator with the aim of exercising the necessary oversight of all players in the market.

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CVM President Joao Pedro Nascimento said that one of the reasons for this decision is that the organization is currently experiencing manpower shortage, which affects the CVM’s focus on the growing cryptocurrency market. In this sense, Nascimento explained that they are negotiating the implementation of the required procedures to hire more people in 2023. (Bitcoin News)

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Grayscale CEO: Regulators' inaction is eroding support from elected officials

Odaily News Grayscale Investments CEO Michael Sonnenshein said that investors see the future of cryptocurrencies, but the "inaction" of U.S. regulators is weakening the support of elected officials.

Failure by regulators to take existing products more into the regulatory system is a colossal blunder. "