Wu said he learned that Summer fi released a post-mortem report on the Lazy Summer Protocol USDC vault attack, stating that on July 6, the attacker exploited a flaw in the net asset value (NAV) calculation mechanism of two Ethereum USDC vaults. In a single atomic transaction, they manipulated the share price using a flash loan and stole assets worth approximately $6.04 million. Of this amount, the LowerRisk USDC vault suffered losses of approximately $5.64 million, while the HigherRisk USDC vault suffered losses of approximately $0.4 million. The report said the issue was not a contract code vulnerability or a private key leak, but rather the injection of overvalued assets into the Ark strategy, which was no longer in use but was still counted in the NAV, causing the vault share price to be artificially inflated and completing the arbitrage. After the incident, the protocol paused all Vaults and set the deposit limit to zero, and the team is working with

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TheMoonReflectsOnTheTranquil:

LowerRisk actually results in greater losses, full of irony. Now the Vault is completely shut down + deposits are zero, making it hard to rebuild user confidence.

WuSaidBlockchainW

13m ago

Wushu reports that Galaxy Research indicates that OP_RETURN transactions currently account for about 3.8% of Bitcoin block disk space daily, with OP_RETURN transactions containing over 80 bytes of data only making up approximately 0.016%. Galaxy Digital's head of research, Alex Thorn, stated that since the release of Bitcoin Core v30, the space occupied by OP_RETURN in blocks has not significantly increased, and even though OP_RETURN transactions exceeding 80 bytes have grown slightly, their proportion remains below 0.1%. He believes that given the limited actual impact of these prunable trans

BTC-0.32%

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MintCondition:

BIP-110 is indeed a bit aggressive; data speaks louder than emotions.

WuSaidBlockchainW

1h ago

Wu learned that according to Blockaid monitoring, BitTorrent's BTTC cross-chain bridge on Ethereum was allegedly attacked, with approximately $13.3 million in assets transferred out, including about 7,285 ETH and various ERC-20 assets. Blockaid stated that after the BTTC cross-chain bridge administrator Safe performed a privileged proxy upgrade, the attacker obtained the CFO_ROLE permission for the upgraded RootChainManager contract and called the withdrawAll(address[]) function to transfer ETH and ERC-20 assets from the bridge Predicate contract.

BTT-1.18%

ETH-0.57%

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Lightning-FastComposure:

WithdrawAll from within the Predicate contract—the function name is so direct that even hackers find it convenient.

WuSaidBlockchainW

2h ago

The Kenya Capital Markets Authority (CMA) is conducting a tender for a blockchain analytics platform to support the regulation of crypto assets following the implementation of the Virtual Asset Service Providers Act 2025. According to the tender documents, the platform will support real-time and historical transaction monitoring on at least 20 blockchains, including Bitcoin and Ethereum, to identify activities such as fraud, money laundering, terrorist financing, and sanctions evasion. It will also feature cross-chain fund tracking, transaction relationship analysis, high-risk wallet identific

BTC-0.32%

ETH-0.57%

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YieldYogi:

The compliance deadline is set for November 2026. Existing platforms still have more than a year of buffer time—consider it giving them face.

WuSaidBlockchainW

3h ago

Wu Says has learned that NEAR Protocol has officially launched Confidential Intents, opening its Confidential Execution infrastructure to all developers. Developers can integrate confidential execution capabilities into their applications through the 1Click Swap API of NEAR Intents. According to official disclosures, existing integrations only need to add an additional parameter to enable it, without the need for refactoring. As disclosed by the company, more than $1.5 billion worth of ZEC has already been settled on NEAR Intents. Within just a few weeks after Confidential Mode went live on th

ZEC8.15%

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CheckTheBlockchainBefore:

NEAR played the privacy card pretty smartly this time, and ZEC settlement volumes show institutions are already using it.

WuSaidBlockchainW

4h ago

KOR Protocol, an on-chain infrastructure project for the entertainment and creative industries, has completed a $7.5 million Series A funding round at a $100M valuation, with participants including crypto investment firm 1kx, Blockchain Capital, and others. KOR Protocol is building an on-chain creative asset settlement platform for registering, verifying, and settling creative works such as music and film, and enabling programmable revenue distribution to creators and rights holders through stablecoins like USDC. KOR stated that the funds will be used for platform development, ecosystem growth

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CraterLiquidity:

A $100 million valuation in Series A—this price before the token is even released. We’ll see whether it can actually secure a major IP for signing later; otherwise, it’s just air.

WuSaidBlockchainW

4h ago

According to a report by Nikkei, Japanese securities firms SBI Securities and Daiwa Securities are planning to build a mechanism that will allow overseas investors to invest in Japan security tokens (ST), with trading potentially starting as early as 2027. The report says the two companies will collaborate with digital securities infrastructure company BOOSTRY, whose infrastructure has already been verified for direct trading targeting Singapore. They are also considering using Circle-issued USDC, a USD stablecoin, for settlement to reduce the settlement time and costs of cross-border securiti

ST-2.58%

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TransparentGlassFeather:

Daiwa and SBI join forces, Singapore pilot, USD stablecoin settlement — this setup completes the RWA puzzle.

WuSaidBlockchainW

5h ago

Wu said that, according to an official announcement from Gemini, Gemini (NASDAQ: GEMI) has launched a 0-commission stock trading service in select parts of the United States. Users can trade thousands of U.S.-listed securities through the Gemini app. Nasdaq will provide real-time market data, and Apex Clearing will serve as the custodian and clearing broker. This service is currently not available in certain regions, including Alabama, Arkansas, Illinois, Massachusetts, and Texas.

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GlassDomeUniverse:

Apex Clearing custody + Nasdaq data, full compliance architecture, institutional entry signal?

WuSaidBlockchainW

5h ago

Wu Xie has learned that the Governor and the Executive Council of the U.S. state of New Hampshire will hold a public hearing on July 8 on a municipal revenue bond backed by Bitcoin, with an amount of no more than $100 million. The project is being advanced by the New Hampshire Business Finance Authority (BFA), and BitGo will serve as the custodian for the Bitcoin collateral. The BFA previously said that the transaction does not involve taxpayer funds or state government guarantees, and final issuance is still subject to approval by the Governor and the Executive Council.

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CatMarketAnalysisAssistant:

BitGo has secured another government-level custody deal, and the pie of institutional business is getting bigger.

WuSaidBlockchainW

6h ago

Wu said that, according to Lookonchain monitoring data, a wallet suspected to be related to CoinShares has just deposited 63,000 ETH into Coinbase, for a total value of approximately $111.56 million.

ETH-0.57%

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FeeswitchWhisperer:

Is CoinShares about to sell off or rebalance positions?

WuSaidBlockchainW

6h ago

Wu Says learned that EMURGO, the development arm of the Cardano ecosystem, released an update on the SecondFi security incident, stating that the team has commissioned multiple independent institutions to review the incident and the underlying code. The investigation is still ongoing, and a patch has been submitted to close the identified vulnerabilities. SecondFi stated that it will not resume normal operations even after the audit is completed, and all users should migrate out of SecondFi through official methods. The team’s current priorities include establishing a mechanism for recovering

ADA-3.95%

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LeverageLatte:

SecondFi's operation is quite transparent, at least they didn't play dead, but what users most want to know is how much they can get back.

WuSaidBlockchainW

7h ago

Wu learned that Patrick Hansen, Senior Director of EU Strategy and Policy at Circle, citing interim MiCA registration data from the European Securities and Markets Authority (ESMA), stated that one week after the full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), there are already 21 authorized Electronic Money Token (EMT) issuers in the EU, from 12 countries, issuing a total of 35 EMTs covering 8 fiat currencies. Hansen said that France continues to lead other member states with 6 regulated issuers; meanwhile, the number of Asset-Referenced Token (ART) issuers remains

EMT-6.48%

ART2.61%

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YieldTuningFork:

ART seeing zero-tieups is kind of interesting—has regulators still not signaled that they’re willing to loosen up on the approach of stablecoins pegged to a basket of assets?

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