News Center

Odaily News: Liquid Network announced that the emergency version Elements v23.3.4 is now available, and Functionary nodes have begun upgrading immediately. All Liquid node operators are advised to update accordingly. This version fixes the previously discovered Proof verification cache vulnerability and strengthens the cache keys used for Range Proofs.

Regarding network recovery, Blockstream stated that a recovery plan is still being formulated, expected to proceed in three phases: **resume block production but continue to suspend Peg operations; replay verified valid transactions; resume Peg operations after the network state is fully restored and fund returns are confirmed.** Currently, the first two phases are being tested in parallel, and any phase will only proceed after it is confirmed safe.

Liquid Network stated that Elements v23.3.4 has undergone multiple rounds of internal and external reviews, with participants including Bitcoin Red Team, Alpen Labs, and other teams. Meanwhile, Liquid Network reminds users to be wary of fake upgrade websites that may exploit this incident for scams. Users should only obtain information through official Liquid Network and Blockstream channels, and never send funds to strangers or disclose private keys or mnemonic phrases.

Odaily News: The U.S. Department of Justice announced that its Fraud Disruption Strike Force, in coordination with the Treasury Department, took coordinated enforcement action against Xinbi Guarantee, seizing and restricting over $52 million in crypto assets in a single day, bringing the total assets restricted by the task force to approximately $938 million. Tether provided proactive assistance in this investigation.

The DOJ alleged that Xinbi is an illegal fraud service marketplace primarily operating via Telegram, providing customized investment scam websites and money laundering services to fraud rings, and recruiting human trafficking victims to work in scam compounds in Southeast Asia. Law enforcement has seized its Telegram channel and two crypto wallets holding a combined approximately $12 million, and restricted 47 other related wallets.

The U.S. Treasury's Office of Foreign Assets Control simultaneously designated Xinbi as a significant transnational criminal organization and sanctioned two other entities supporting it. The task force also assisted Madagascar in shutting down 13 scam compounds operated by Chinese criminal gangs, processing over 3,200 electronic devices, and leading to nearly 400 arrests locally.

Odaily News: On-chain data analysis platform Bubblemaps reported that approximately 60% of LAPTOP's main holding addresses had no previous on-chain activity.

Bubblemaps stated that it defines "new wallets" as wallets that have only received funds within the past 10 days, and most of these new wallets were actually funded today.

Odaily News: Dell Technologies is seeking to raise approximately $4 billion through an investment-grade bond issuance to refinance existing debt. According to people familiar with the matter, the final size of the offering has not yet been determined and will be adjusted based on market demand. The bond sale comes amid continued growth in AI-driven server demand, with Dell benefiting from the boom in AI infrastructure investment, which has boosted its performance. (Bloomberg)

Odaily News: Canary Capital announced the launch of the Canary Staked TRX ETF, trading under the ticker TRXS. The product aims to provide investors with exposure to TRX while earning staking rewards, offering an investment avenue based on a registered structure for investors focused on payment and settlement infrastructure.

Canary also reminded that TRXS is not a direct investment in TRX, and that this exchange-traded product is not registered under the Investment Company Act of 1940, and therefore does not enjoy the same regulatory and investor protections as registered ETFs and mutual funds under that Act. The product carries higher risk and volatility, and investors may lose their entire principal.

Odaily News: According to Lookonchain monitoring, a sniper spent only 900 USDC to buy 2,268.56 LAPTOP at $0.40 each, then sold them all at an average price of $111 each, making a profit of over $250,000, a return rate of 278 times.

Odaily News: PayPal has officially launched PYUSDx, a custom stablecoin developer platform. Built with the assistance of fiat-backed token expert M0 and crypto payments company MoonPay, the platform provides enterprises with infrastructure to issue custom stablecoins backed by PayPal USD (PYUSD). Saturn, Concrete, Cap, USD.AI, and Fairblock have already issued stablecoins on the platform, with tokens issued by Saturn, Concrete, and Cap generating over $100 million in processing volume for the platform.

Odaily News: "White-haired stock god" Serenity posted on X platform suggesting that Nike collaborate with a bull to save its brand image. He stated: Nike only needs to do one thing to save its brand image, accompanied by an image of Nike and bull co-branded apparel.

Odaily News: Bitfinex Alpha released a report showing that Bitcoin has been trading sideways between $77,100 and $81,300 over the past 20 trading days, with the current price near the key support at the lower end of the range. A breakout above $81,300 could see prices quickly rise to $86,500 due to a volume vacuum above. In the options market, protection has been moved to contracts expiring on September 18 ahead of the Federal Reserve's interest rate decision. The report also notes that while Bitcoin's volatility has declined, altcoins have been active, with all 29 major cryptocurrencies posting gains last week, led by Polkadot (+43%) and Zcash (+42%). For the first time this week, open interest in altcoin perpetual contracts surpassed that of Bitcoin, a historical precursor to market correction risks.

Odaily News: Ethereum software company Consensys announced that it will spin off its flagship wallet MetaMask into an independent entity, with founder Joe Lubin serving as CEO. The original Consensys will be renamed to a new entity focused on institutional protocols and Ethereum software, led by long-time executive Mike Kriak. Joe Lubin stated that the spin-off is due to the value accumulation of MetaMask's consumer business far outpacing other business units. MetaMask has expanded from an Ethereum wallet to a platform supporting multiple assets and Mastercard debit card spending, and has launched businesses such as perpetual contracts and prediction markets.

Odaily News: Hyperbot data shows that trader Based16z has just closed a long position of 7,650 VVV tokens, worth approximately $200,000, and still holds a long position of 83,290 VVV tokens, worth approximately $2.2 million. Data indicates that the trader has realized and floating profits totaling over $600,000 in less than 24 hours.

Odaily News: The spokesperson of the Ministry of Commerce responded to reporters' questions regarding the U.S. announcement on cybersecurity related to Chinese AI companies' distillation activities. The spokesperson stated that distillation is a common practice for mutual learning among models in the AI field, essentially a neutral technical means, and is used by global model companies, including U.S. companies. This technical approach can help models improve learning efficiency, achieve more efficient utilization of human knowledge, and has positive significance for countries developing AI industries, unleashing the potential of AI technology, bridging the development gap, and benefiting developing countries and the public more broadly.

The U.S. approach is a typical double standard. Regarding AI, China encourages open source, openness, cooperation, and sharing. China's open-source models are open to global companies, including U.S. companies, facilitating the research and development of related models. Reports on U.S. companies' model R&D also disclose that they have distilled Chinese models extensively. In contrast, the U.S. has repeatedly and unilaterally accused Chinese companies of engaging in "industrial-scale" distillation, portraying an industry-wide practice as an attack, which reflects both U.S. anxiety and double standards.

Odaily News: According to Lookonchain monitoring, Wintermute received 2.5 million LAPTOP tokens from the LAPTOP token team and is currently selling them on-chain. As of now, Wintermute has sold 466,255 LAPTOP tokens at an average price of $4.47, worth approximately $2.08 million.