elements

Liquid Network has released the latest update stating that the emergency version Elements v23.3.4 is now online. Functionary nodes have immediately begun upgrading and all Liquid node operators are advised to synchronize updates. This version addresses the previously discovered Proof verification cache vulnerability and strengthens the cache keys used for Range Proof.Regarding network recovery, Blockstream states that it is still formulating a recovery plan, which is expected to proceed in three phases: restoring block production while continuing to suspend Peg operations; replaying verified valid transactions; and restoring Peg operations after the network status is fully restored and funds are confirmed to be returned. Currently, the first two phases are being tested in parallel, and any phase will only advance once safety is confirmed. Liquid Network indicates that Elements v23.3.4 has completed multiple rounds of internal and external reviews, with participants including the Bitcoin Red Team, Alpen Labs, and other teams.At the same time, Liquid Network reminds users to be vigilant against fraudulent upgrade websites exploiting this incident. Information should only be obtained through official Liquid Network and Blockstream channels, and users should never send funds to strangers or disclose private keys or recovery phrases.

According to Bitcoin News monitoring, Liquid Federation released an incident report stating that attackers exploited a cache vulnerability in the Elements range proof verification to mint approximately 4,000 unbacked L-BTC, which were then exchanged for real BTC through the authorized exit anchoring path via SideSwap. The Liquid authority considered the related transactions valid and released approximately 4,000 BTC from the federal reserve.Before the incident, Liquid held about 4,205 BTC, and the minimum reserve dropped to 197 BTC before operations were suspended. The self-identified white-hat attackers have since returned 3,400 BTC, with about 598.5 BTC still unreturned. No private keys were leaked, and the exit anchoring mechanism itself operated as designed. Liquid is currently still offline, and Blockstream is preparing to release an emergency version of Elements v23.3.4 and is working to restore the network with 1:1 Bitcoin reserve support.

The first prediction market liquidity infrastructure on the BSC chain that combines elements of fortune cookies has officially launched on the Fortune website. As a new generation Web3 financial protocol, Fortune is committed to solving the long-standing issues of liquidity fragmentation, low pricing efficiency, and high participation thresholds in prediction markets through an AI-driven liquidity engine.The core features launched alongside the website include:Voting Council: A community-driven event listing mechanism that ensures market diversity and fairnessDaily Check-in: Low-threshold participation to continuously accumulate F points and secure early ecosystem incentivesFortune Node NFT: A core equity asset that allows holders to enjoy point bonuses and protocol dividendsFortune also revealed that its core prediction market trading function will officially launch on April 20, bringing users a brand new prediction and trading experience.

Solana co-founder Toly changed his avatar on the X platform, adding laser eyes and Backpack elements to the original Moonbird derivative avatar, which has attracted community attention. Many users interpret this change as a possible indication that the Token Generation Event (TGE) for Backpack is imminent.Previously, Toly had changed his avatar to a derivative of the Moonbird series NFT on January 27, and the Moonbird project subsequently completed its TGE on January 28.

ChainCatcher message, according to the official website of the U.S. government's efficiency department, the logo that previously included Shiba Inu elements is currently suspected to have been removed.

ChainCatcher message, the official website of the U.S. government's efficiency department (DOGE) has changed its logo, which still contains Shiba Inu elements.

ChainCatcher news, Forbes published a column commenting on Trump's issuance of the Meme coin event. Forbes pointed out that Trump's issuance of the Meme coin could trigger a constitutional crisis. Although the new SEC chairman may introduce crypto-friendly policies, the Howey Test, which has been the cornerstone of securities regulation for 75 years, is not influenced by politics.Forbes analysis indicated that the TRUMP token may violate the three key elements of the Howey Test: investment of money, common enterprise, and reliance on the efforts of others to profit. When promoting the token on Truth Social and X platforms, Trump positioned it as "supporting expression" rather than an investment product, but the timing of the issuance and the token structure raised regulatory concerns.

ChainCatcher news, Musk tweeted again at 5 AM Beijing time "Brothers in Arms," accompanied by an image of a Roman general's pepe.It is reported that Musk is currently playing the hardcore mode of "Path of Exile 2," at level 85. The core mechanic of hardcore mode is permanent death, meaning that once a character dies, all progress and equipment will be permanently deleted. This mechanism provides players with a high level of challenge and a sense of achievement.

ChainCatcher news, according to HTX market data, DOGE has broken through $0.16 as Musk posted an image featuring Dogecoin's Shiba Inu element on X yesterday, currently priced at $0.16071, with a 24-hour increase of 11.02%.

ChainCatcher news, Musk changed his Twitter account profile picture to a personal photo with elements of the U.S. election, featuring the American flag in the background and Musk's personal photo wearing a black hat with the "MAKE AMERICA GREAT AGAIN" slogan.

ChainCatcher news, according to Cointelegraph, Brazil is integrating decentralized finance (DeFi) into its ongoing experiments to develop a "synthetic" central bank digital currency (CBDC) called Drex, which was previously known as the digital Brazilian real.On October 3, Brazilian Central Bank President Roberto Campos Neto emphasized the country's need for a multidimensional CBDC, which aims to address the "trilemma" of decentralization, privacy, and programmability—challenges that traditional markets face when trying to solve these issues simultaneously.

ChainCatcher news, according to a report by the Hong Kong Economic Times, regarding the future development blueprint of Web3 in Hong Kong, the Secretary for Financial Services and the Treasury, Christopher Hui, stated that the current discussions on Web3 are overly focused on the financial sector, while the underlying technological elements are more important, including disintermediation to enhance transaction and settlement efficiency.

ChainCatcher news, the "Cyberport University Partnership Program 2024," organized by Cyberport Academy and Cyberport Web3 Hub, has officially launched with the support of 11 local universities. The program will incorporate Web3.0 elements for the first time, aiming to cultivate more young Web3.0 talents.The Chairman of Hong Kong Cyberport, Chan Sai Ming, stated that this year's program aligns with the Hong Kong SAR government's goal of developing Hong Kong into a Web3.0 hub, strengthening the cultivation of local Web3.0-related talents. He hopes to assist students participating in the program to understand the latest industry trends, inspire innovative thinking, and expand their networking while receiving external training. It is reported that each winning team can receive a seed fund of HKD 100,000 from the "Cyberport Creative Micro Fund."

ChainCatcher news, according to the Hong Kong Wen Wei Po report, the Hong Kong SAR government police and the Securities and Futures Commission held a joint press conference yesterday to announce the JPEX case. The police summarized the operation model and promotional methods of the virtual asset trading platform JPEX, stating that five elements constitute the suspected fraud:JPEX has not applied for or held a license from the Securities and Futures Commission, yet claims on its website to be "a licensed and recognized digital asset and virtual currency platform," and has heavily promoted itself through advertisements, media, over-the-counter (OTC) exchanges, and influencers to create popularity and attract investors.Influencers made false and misleading statements online, flaunting wealth to create the appearance of "getting rich by buying coins" to increase persuasion. However, since the Securities and Futures Commission had previously issued warning letters to relevant individuals and physical stores, there is reason to believe that the parties involved were aware of JPEX's illegal practices but still promoted it to customers.After registering as JPEX users, individuals could exchange different cryptocurrencies on the platform or transfer virtual assets to JPEX accounts from foreign platforms for trading. However, investigations revealed that JPEX also issued a virtual currency called JPC, which is different from other mainstream cryptocurrencies: JPC cannot be traded on other platforms and cannot be used for payment purposes. Some victims were persuaded to purchase JPC and use it in a so-called "staking" method similar to fixed deposits, receiving extremely high returns only after the staking period ended. JPEX also required customers to provide the private keys of their cryptocurrencies for safekeeping, effectively allowing JPEX to control users' assets.After being warned by the Securities and Futures Commission, JPEX arbitrarily set a withdrawal limit of $1,000 for users and charged a $999 fee, effectively restricting asset withdrawals.By the early morning of the 18th, JPEX had removed all financial trading services from its website.

ChainCatcher news, according to Hong Kong media am730 reports, the Hong Kong police have confirmed to the media that they have received a notification from the Securities and Futures Commission (SFC), and the Commercial Crime Bureau is following up and investigating whether the case of the cryptocurrency exchange JPEX involves criminal elements. The media also stated that some users have reported online that JPEX has restricted the withdrawal limit to a maximum of 1000 USDT stablecoins, and the withdrawal fee has been changed to 999 USDT, meaning retail investors can only withdraw a maximum of 1 US dollar. There are KOL influencers publicly displaying photos of successfully withdrawn amounts, and according to the photos, the influencer successfully withdrew 1 US dollar. However, JPEX issued an announcement last night adjusting the USDT withdrawal fee. Additionally, according to online writer "Qian Song C," at a cryptocurrency summit in Singapore, JPEX, as one of the platinum sponsors, did not have any staff working today.Furthermore, JPEX had previously advertised extensively in Hong Kong through television, outdoor advertising spaces, and bus stop light boxes, and announced that Zhang Zhilin would serve as the brand ambassador. JPEX is not only promoting in Hong Kong; earlier, Taiwanese singer Chen Lingjiu, who collaborated with MIRROR members, served as a spokesperson; and Lin Zuo, who transitioned from the insurance industry to the cryptocurrency industry, promoted "applying to become a JPEX partner" on social media in July, and later promoted JPEX in a seminar. After the Hong Kong SFC requested influencers to stop promoting the platform, Lin Zuo also stated on social media, "I have not violated any regulatory requirements and respect the SFC's request." Another artist, Zhuang Simin, was also reported to have filmed a YouTube video introducing JPEX in July, claiming to receive returns of up to 16 cents. The video has since been taken down, but Zhuang Simin stated that the video was a promotion for a cryptocurrency exchange that has a partnership with JPEX.ChainCatcher previously reported that the Hong Kong SFC clarified that no entities under the JPEX group have been licensed by the SFC, and they have not applied to the SFC for a license to operate a virtual asset trading platform in Hong Kong.