Crypto Morning Report: Radiant stolen over 50 million dollars, a16z co-founder claims not to have participated in or held GOAT tokens.

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5 hours ago

The probability of Trump being elected president on Polymarket has risen to 60.1%, a historic high.

Author: TechFlow

Market Dynamics

Radiant Capital suffers a cyber attack, losing over $50 million

According to information disclosed by security company Ancilia, the cross-chain lending protocol Radiant Capital suffered a cyber attack, resulting in losses exceeding $50 million. Radiant is controlled by a multi-signature wallet (referred to as "multisig"), and it is reported that the attackers gained control of the private keys of several signers, subsequently taking control of multiple smart contracts.

Arkham data shows that the attack began on Radiant's Arbitrum network and then moved to the BNB Chain. The suspect's wallet holds over $32 million in Arbitrum-based assets and approximately $18 million in BNB Chain tokens.

Robinhood allows Bitcoin futures trading on the APP

Robinhood has launched its highly anticipated desktop platform and added futures and index options trading features to its mobile application (APP), including stock indices, Bitcoin, energy, metals, and currencies.

Binance Labs invests approximately $1 million in Bitcoin liquidity staking platform Lombard

According to The Block, Binance Labs has invested in the Bitcoin liquidity staking platform Lombard. Lombard's total funding amount is currently around $17 million, an increase from the $16 million seed round funding about four months ago, with Binance Labs investing approximately $1 million.

It is reported that Lombard's LBTC has been used for collateral lending, yield farming, and trading in various DeFi protocols. This investment from Binance Labs will further promote the application and growth of Bitcoin in the DeFi space.

VanEck: Two long-term investments made in the Web3 gaming sector, one in Parallel

Asset management giant VanEck has announced two long-term investments in the Web3 gaming sector. One of the investments is in the AI chain game project Parallel, while the other investment has not been disclosed, with VanEck stating that details will be announced soon.

Gabe Rabello, a member of VanEck's liquid token strategy team, stated on social media that the company believes gaming is one of the most promising categories in this cycle. VanEck specifically disclosed that it holds Parallel's PRIME/PROMPT tokens.

The probability of Trump being elected president on Polymarket has risen to 60.1%, a historic high

According to prediction site Polymarket, the probability of Trump being elected as the 2024 U.S. president has risen to 60.1%, a historic high, while Vice President Harris's probability of being elected stands at 39.8%.

NYDIG: Bitcoin's performance is exactly the same as in the previous two cycles, Q4 may be the best performing quarter

NYDIG released the "2024 Q3 Review and Outlook," stating that from a performance perspective, the fourth quarter will be one of Bitcoin's best performing quarters. There are many catalysts for investors to pay attention to—elections, monetary easing, resolving pending issues, and geopolitical instability, among others. Although investors may feel frustrated with the range trading over the past six months, rest assured that Bitcoin's performance is exactly the same as in the previous two cycles.

$WLFI token terms: Non-transferable for at least one year, no plans to create a secondary market for the token

The Trump family crypto project World Liberty Financial has updated the terms and conditions for its $WLFI token sale. The main points are as follows:

  1. $WLFI is only for governance and not as an investment tool;

  2. The token does not grant any economic rights or ownership;

  3. All $WLFI is currently indefinitely locked in wallets or smart contracts and is non-transferable;

  4. If there is a future desire to unlock the transferability of $WLFI through the protocol governance process, the following conditions must be met: it must be determined that it does not violate applicable laws, and at least 12 months must have passed since the token sale completion;

  5. Due to the non-transferability of the token, the company has not taken any action and does not plan to create a secondary market for the token;

  6. Token purchases are non-refundable unless required by applicable law;

  7. WLF reserves the right to refuse or cancel token purchase requests.

a16z co-founder: Did not participate in or hold GOAT tokens, previously provided $50,000 research funding to terminal of truths and its founder

a16z co-founder Marc Andreessen released a statement on the X platform clarifying his relationship with terminal of truths and GOAT tokens. Andreessen stated that he provided $50,000 in unconditional research funding to terminal of truths and its founder Andy Ayrey this summer, aimed at supporting independent AI research. Andreessen emphasized that he is completely unrelated to the meme token GOAT. He neither participated in its creation nor holds any GOAT tokens.

Arthur Hayes: Significantly reduced holdings in Meme tokens after the escalation of the Middle East situation, currently the only Meme coin held is SCF

BitMEX co-founder Arthur Hayes stated in his latest article that due to the escalation of geopolitical risks, he has significantly reduced his holdings in previously purchased Meme tokens. Currently, the only Meme token he holds is SCF.

Hayes indicated that in light of the tense situation in the Middle East, particularly the escalation of conflict between Iran and Israel, he is prepared for a significant devaluation of his holdings. Nevertheless, he has not instructed the investment director of his fund Maelstrom, Akshat, to slow down or stop investing in presale tokens.

For the idle fiat currency held by Maelstrom, Hayes plans to stake it on the Ethena platform to earn substantial interest while waiting for opportunities to buy various illiquid cryptocurrencies.

Vitalik: Ethereum will achieve over 100,000 TPS in the future through L2

At the 10th Global Blockchain Summit held in Shanghai, Ethereum co-founder Vitalik Buterin delivered a speech stating, "In the future, Ethereum can achieve over 100,000 TPS through L2, with transfers between any chains possible within 2 seconds, and a unified user experience will also be formed. Ethereum's infrastructure is also expanding, and the security of links is more important than EVM."

Vitalik also pointed out that Ethereum's current main issue is the lack of a unified ecosystem; the current Ethereum resembles 34 different chains, while in the future, it should resemble a unified ecosystem. Solutions include chain-specific addresses, among others.

Market Dynamics

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