blockchain

Research institution Galaxy Research recorded a reorganization event at Bitcoin block height 966500, where mining pools Spiderpool and Antpool simultaneously discovered two valid blocks pointing to the same parent block, leading to a brief competition. Ultimately, the Antpool block joined the chain with a higher cumulative work, while the Spiderpool block was discarded.Galaxy Research stated that this is the third single-block reorganization that has occurred in Bitcoin in the past four weeks, with the previous two occurring at block heights 962722 and 963853. Its nodes only observed the block after the Antpool block completed confirmation and continued to extend on it. When a single-block reorganization occurs, the network will ultimately continue to build along the chain with the higher cumulative work, while the other block is removed from the chain. Monero has experienced an 18-block reorganization, and Bitcoin SV had a 100-block reorganization in 2021; if a transaction is in a block that is replaced, its confirmations will disappear.

According to Whale Alert monitoring, at 18:12 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana chain.

The U.S. Securities and Exchange Commission (SEC) proposed a new rule last week to comprehensively revise the transfer agent rules that have been in place for decades, explicitly allowing electronic databases, including blockchain ledgers, to serve as the official record of securities ownership for the first time. If approved, blockchain is expected to become the "master security document," replacing the off-chain parallel ownership records that tokenized securities currently rely on.Currently, many tokenized securities operate on two sets of records: on-chain token ledgers and official shareholder registers. Once the proposal is passed, issuers and transfer agents may no longer need to maintain duplicate records and reconcile them after each transfer, thereby reducing operational friction and the risk of inconsistencies between on-chain records and legally recognized records. Eli Cohen, Chief Legal Officer of the tokenized fund platform Centrifuge, stated that this proposal could transform the current "two-step" process into a "one-step" process, allowing the blockchain itself to act as the master security document.However, the proposal does not mean that tokenized securities are completely "permissionless." Joris Delanoue, CEO of the registered on-chain transfer agent Fairmint, pointed out that while the blockchain can remain open, assets must still comply with ownership and transfer rules, and regulatory controls such as identity verification and transfer restrictions are still embedded in the tokens. Transfer agents will still need to handle administrative matters such as shareholder death, inheritance, and legal notifications, with processing times potentially reduced from 3-5 days to 1 day. The 60-day public comment period for the proposal will end in early November.

According to Bloomberg, Jon Cunliffe, the former Deputy Governor for Financial Stability of the Bank of England, has joined the blockchain payment company Fnality and will serve as the Chairman of its UK entity. Jochen Metzger, the former Director General for Payment and Settlement Systems of the German central bank, has been appointed as a member of the Supervisory Board of Fnality Europe and is expected to serve as its Chairman; Ron Berndsen, the former Head of Supervision and Head of Market Infrastructure Policy at the Dutch central bank, will also join the Supervisory Board.Fnality operates a wholesale payment system that allows banks to settle debts using central bank currency balances. Its pound sterling system, regulated by the Bank of England, went live in 2023 and is currently seeking regulatory approval to launch versions in US dollars and euros. Fnality states that the system is designed to support the tokenized trading of traditional assets such as stocks and bonds, enabling the synchronized flow of securities and payment funds across interconnected digital networks, thereby shortening settlement times and supporting round-the-clock trading. Fnality was established in 2019, with investors including major financial institutions such as Goldman Sachs, UBS Group, Santander Bank, Bank of America, and Citigroup.

According to GMGN data, the market capitalization of the Meme coin baton on the Solana chain briefly surpassed 10 million USD, with a 24-hour increase of over 470%, currently reported at 7.9 million USD.It is reported that BATON is a community Meme coin derived from the history of Baton Corporation, the company behind Pump.fun, and its early project Baton Finance, only borrowing the relevant narrative and having no official connection with Pump.fun. Users are reminded that the prices of Meme coins are highly volatile, and investors should participate with caution.

Layer1 blockchain Linera posted on X that the LNRA community round commitment period has ended, failing to reach the minimum target of 1.5 million USDC. A total of 617 participants from 69 countries committed a total of 848,271 USDC.The related website will be updated soon to begin processing refunds, which will be returned to the same wallet used at the time of commitment. An announcement will be made once the refund process is live, and further updates will be released after the refund period ends.

The official listing account of Kraken announced that TCS will soon be launched. TCS Blockchain is a blockchain-as-a-service platform aimed at the transportation industry, using ERC-20 tokens on Polygon to settle freight invoices without the need for traditional factoring intermediaries. The token trading will begin on September 9.

Cronos confirmed in a post-mortem report that the attack on the lending platform Tectonic on August 30 involved $120.4 million in borrowing activities. The validators made the "difficult decision" to roll back the on-chain history, successfully recovering approximately $111.2 million (about 92% of the affected funds), while about $9.19 million flowed out before the network was paused and could not be recovered. The attacker leveraged weak DEX liquidity to inflate the price of Tectonic token TONIC by about 100 times within minutes and borrowed $120.4 million through a single transaction across nine markets. The validators paused the network about two hours later, restoring the chain to the last block before the suspicious activity, with block production resuming approximately 11 hours after the attack. The rollback involved reversing 1 hour and 54 minutes of on-chain history, totaling 10,961 blocks, with all transactions within that window being canceled, regardless of whether they were involved in the attack. Cronos stated that the alternative would have been to restart the network without restoring the previous state, which would have left the stolen assets in the hands of the attacker. This rollback closely followed Harmony's announcement of a similar plan, while Flow abandoned its rollback proposal last December due to community opposition. The validator cap for Cronos is 100, which facilitated quick coordination for the pause and restart, but also indicated that the network's finality in emergencies depends on validator consensus.

According to on-chain data, USDC Treasury has minted 250 million USDC on the Solana network.

According to data released by SolanaFloor, Circle has minted approximately 3 billion USDC on the Solana chain in the past 24 hours.

Blockchain Rocket announced that an on-chain attack occurred on September 5, resulting in a loss of approximately $287,000 in funds. The attacker exploited dormant perpetual markets on Rocket, placing artificially inflated price orders through disposable accounts and trading with themselves, generating false profits on the accounts while causing the disposable accounts to go bankrupt. The attacker then withdrew approximately $287,000 in profits from the Bridge.Currently, all deposits, withdrawals, and trading have been suspended. The team is working with security firms and law enforcement agencies, coordinating with exchanges, cross-chain bridges, and stablecoin issuers to track and freeze the stolen funds. The official statement indicates that a recovery plan is being developed, prioritizing refunds for small accounts, with specific details to be announced as soon as possible.

In the past 24 hours, Fomo has surpassed Pump.fun to become the highest-earning protocol on the Solana chain.

According to Bitcoin News monitoring, of the 4,200 BTC associated with a peg-out transaction on the Liquid Network, about 4,000 seem to have been transferred simultaneously.A message attached to the subsequent transaction via OP_RETURN states: "We are white hats, please contact us on-chain." The nature of this transaction and whether these funds were transferred through an exploit remains unclear.

On-chain data shows that USDC Treasury has minted 250 million USDC on the Solana network.

According to Whale Alert monitoring, USDC Treasury has minted 250 million USDC on the Solana network.

According to on-chain analyst Yu Jin's monitoring, after UNI reached a new high this year, one address withdrew 1 million UNI (6.36 million USD) from Binance to the blockchain within 3 hours.

According to TheEnergyMag, Argo Blockchain's CEO Justin Nolan has stepped down on August 30. Under the terms of the agreement, Justin Nolan will receive a one-time cash compensation of $250,000, which will be subject to standard tax withholding. The agreement will officially take effect after the seven-day period expires and the right of rescission has not been exercised.During the board's search for a successor, the current management team will be responsible for daily operations under the supervision of the board. The company is specifically seeking candidates with experience in capital raising and operational execution in the data center and artificial intelligence technology sectors.