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Cross-chain bridges security incident review: over $1.9 billion in funds affected, most have been recovered or compensated.
In recent years, with the vigorous development of the blockchain ecosystem, cross-chain bridges have become important infrastructure connecting different public chains. However, due to their complexity and the scale of funds involved, cross-chain bridges have also become popular targets for hacker attacks. This article will review the top ten security incidents involving cross-chain bridges that have occurred recently, with a total amount of funds exceeding $1.9 billion, of which approximately $1.55 billion has been recovered or compensated.
ChainSwap: Two attacks resulted in a loss of approximately $8.8 million.
In July 2021, ChainSwap suffered two attacks within just 9 days. The first attack resulted in a loss of approximately $800,000, and the second attack caused a loss of about $8 million, affecting over 20 projects. The cause of the incident was that the protocol did not strictly verify the validity of signatures. To compensate users, ChainSwap and several affected projects took snapshots and reissued.

A New Era of Highly Realistic Sandbox Games: VMETA3 Creates an Immersive Metaverse Experience
In the realm of sandbox games, the "The Sims" series is a classic work. Since its first release in 2000, the series has launched multiple generations and numerous expansion packs, becoming one of the best-selling video game franchises worldwide. "The Sims" attracts a large number of players with its highly realistic life simulation and rich customization options, allowing them to achieve dreams in a virtual world that are difficult to attain in real life.
However, with the advancement of technology, the limitations of traditional games in content sharing and asset ownership are becoming increasingly apparent. The emergence of blockchain technology provides new possibilities for solving these problems. VMETA3, as a high-freedom game based on the Sui network, is a product that aligns with this trend. Despite having only launched its beta version for two weeks, VMETA3 has attracted 3,000 daily active users with its excellent game content.

Recently, there has been new progress in the case of the founder of a well-known Crypto Assets trading platform that has attracted much attention. The court ultimately ruled to reject the prosecution's suggested 36-month imprisonment period and sentenced the defendant to 4 months in prison. This outcome is far from the long-term imprisonment that the outside world generally expected, sparking extensive discussion within the industry.
The judgment in this case indicates that the judge, after weighing various factors, tended to impose a relatively lenient penalty on the defendant. This decision may have taken into account multiple aspects such as the specifics of the case, the defendant's cooperative attitude, and their influence within the industry.
This ruling will undoubtedly have far-reaching implications for the Crypto Assets industry. It concerns not only the personal fate of an industry leader but may also trigger a chain reaction affecting the regulatory environment and future development direction of the entire industry. Industry insiders generally believe that this relatively light sentence may alleviate market concerns over tightening regulation to some extent.
However, this ruling also

BTCFi: The Rise and Future Outlook of Bitcoin Decentralized Finance
Bitcoin is undergoing a significant transformation in the Decentralized Finance ( DeFi ) space. From its initial point-to-point transfers, Bitcoin is gradually becoming an important force in DeFi, challenging the dominance of Ethereum. By analyzing on-chain data, we find that the combination of BTCFi ( Bitcoin and DeFi ) is not just a technical shift, but it could also redefine the entire DeFi landscape.
The rise of BTCFi
When Satoshi Nakamoto created Bitcoin in 2008, the initial design goal was a peer-to-peer electronic cash system. Although this architecture has revolutionary significance in the field of crypto assets, it has limitations in complex financial applications such as Decentralized Finance.
The original design of Bitcoin and its limitations in Decentralized Finance.
Core design elements and limitations of Bitcoin:
1.

The stablecoin market is undergoing rapid transformation, with the market capitalization of USDC doubling, USDe emerging prominently, and decentralized stablecoins experiencing significant rise. The market size has reached $214 billion, with an annual trading volume of up to $35 trillion, and Ethereum remains the primary issuance platform. Experts hold an optimistic view on the future development of stablecoins, believing they are a driving force for financial innovation.

A well-known crypto asset trader has gone long on Bitcoin three times in a row, accumulating losses of up to 29.1 million USD, during which his long positions faced reverse market fluctuations. This event has sparked discussions in the crypto asset community, emphasizing market risks and the need for cautious investing.

Tokenized Assets: The Cornerstone of Future Finance
Blockchain technology is bringing about a profound transformation in the financial world. By expressing real-world assets in a digital form on the blockchain, tokenized assets ( Tokenized Assets ) are becoming a key force driving this change. This article will delve into the nature, potential, and key elements needed for the widespread adoption of tokenized assets.
The essence and potential of tokenized assets
Tokenized assets refer to the transformation of real-world assets such as stocks, bonds, real estate, etc. ( into digital tokens ) through blockchain technology. This process allows for the ownership, trading, and management of assets to occur on the blockchain, thereby bringing numerous advantages:
1. Improve efficiency: Automatically execute transactions and settlements through smart contracts, significantly reducing processing time.
2. Reduce costs: Minimize intermediaries and manual operations, reduce

Recently, a remarkable trading event occurred in the Crypto Assets market. According to on-chain data, an investor named James Wynn cleared his long positions in Bitcoin worth approximately $1.2 billion in just 47 minutes.
The closing operation started at 6:40 local time and was completed by 7:27. The average opening price for this batch of Wynn's positions was $108,921, while the average closing price was $107,746, resulting in a single trade loss of approximately $13.39 million.
Despite the significant losses from this operation, Wynn still remains profitable in a recent series of Bitcoin trades when viewed from a longer-term perspective. Taking into account his multiple open and close positions over the past few days, this overall trading round has still brought him approximately $8.45 million in profit.
This event once again highlights the high volatility and rapid change characteristics of the Crypto Assets market. Investors may in a short period of time

Crypto Market Decision Guide: Overcoming Fear, Optimizing Strategies
In the crypto market, investors often face three major challenges: the fear of missing out on the last bull market cycle, uncertainty about market trends, and competitive pressure from others. These factors can significantly impact decision-making ability, leading to investment mistakes.
Frequently Asked Questions and Their Impact
1. Distraction: Over-focusing on various hot topics while neglecting core investment opportunities.
2. Overly pessimistic: Losing confidence due to market uncertainty, leading to missed opportunities.
3. Lack of in-depth research: Insufficient understanding of the project makes it difficult to remain steadfast during market fluctuations.
4. Lack of profit strategy: Frequent operations out of fear of missing opportunities actually affect long-term returns.
Countermeasures
1. Focus on core areas
- Focus on specific areas or hotspots within 1-2 ecosystems.
- Select in on-chain trading and secondary market trading

This article summarizes the five major mistakes commonly made by Crypto Assets investors, including ignoring market risk signals, lacking stop loss strategies, failing to take profits in a timely manner, mismanaging Positions, and holding too many alts. Investors should reflect and develop improvement plans to enhance the effectiveness of their investment decisions and reduce future losses.

The Sui Network ecosystem projects are flourishing, with multiple projects set to undergo token issuance.
After the Sui Network mainnet went live, ecological projects rapidly emerged and successively launched on the mainnet, with some projects having completed their initial token distribution. Recently, a certain DEX project based on Sui and Aptos completed a highly anticipated IDO, attracting 108 million SUI, with an oversubscription rate of 1350%. The public round of another Launchpad platform sold out in 55 seconds, and the tokens have been listed on multiple trading platforms.
These successful cases showcase the market's preference for Sui ecosystem projects. This article will review the Sui Network ecosystem projects that are about to conduct token issuance (IDO) and share potential investment opportunities.

On September 20th, a speech themed "The Future of AI is Collaborative" was held in Singapore. The speaker discussed the technical challenges, solutions, and future outlook of the Decentralization AI ecosystem.
The speaker pointed out that AI, as the most advanced and powerful technology today, has been widely applied in various fields such as social media, finance, and transportation. He emphasized that distributed computing resources can significantly enhance AI performance. On the basis of building a high-quality centralized operating system, users can contribute their own computer resources to participate in AI computing, thereby forming a Decentralization ecosystem.
However, AI technology still faces many challenges in performance optimization, verification mechanisms, and data privacy protection. The speaker proposed corresponding solutions to these issues and emphasized the key role of collaboration in promoting AI technology innovation and ecological construction. He believes that the

In 2024, the crypto assets market experienced a bull run, with Bitcoin reaching an all-time high of $108,135 and a total market capitalization of $3.91 trillion. AI agents and Layer 2 solutions developed rapidly, with centralized trading platforms achieving record high volumes, and a new competitive landscape emerging in decentralized platforms. Overall, the encryption industry is full of opportunities and challenges.

Challenges and Future Prospects of the NFT Market
Recently, the NFT market is facing many challenges, but it remains an important way for traditional internet users to enter the Web3 world.
Analysis of the Current State of the NFT Market
NFTs are mainly divided into two categories: production-type and collective-type. Production-type NFTs are facing the dilemma of "growth or extinction," with over-issuance leading to inflation and unstable value. The ecosystem is too fragmented, with projects not interconnected, making it difficult for users to participate deeply.
Collective NFTs form a closed niche due to their scarcity, making it difficult to achieve value spillover. The community size is limited, often with only a few thousand participants. At the same time, excessive replication reduces brand tone, lacking supportive narratives and application scenarios for sustainable development.
The unique value of NFT
Compared to cryptocurrencies, the non-financial attributes of NFTs lower the psychological barrier for users. Its low liquidity makes users feel that it is safer. NFTs can be transferred between Token and NFT.

The value and future development of Web3 technology
Recently, Evan Cheng, co-founder and CEO of Mysten Labs, shared his views on the value of Web3 technology for consumers, how to better interpret this technology, and its impact on product development.
Cheng believes that Web3 is essentially a revolution of ownership. On the internet, every action we take generates valuable assets, but in the Web2 era, these assets are often controlled and monetized by platforms. Web3 technology aims to allow users to regain control over the assets they create, reducing reliance on intermediaries and platforms, thereby fundamentally changing the status quo and shifting power.
Smart contracts play an important role in Web3. They are neutral, transparent, and immutable, and can be designed for profit motives, but will not become malicious actors. This characteristic makes Web

According to the latest news, a 47-year-old Asian male will be released from federal prison in the United States on September 29, 2024. The man's registration number is 88087-510.
This information echoes a report from June of this year. At that time, media reported that a 47-year-old founder of a well-known cryptocurrency exchange platform began serving a four-month sentence in a federal prison in California. This individual was designated as inmate number 88087-510.
These two pieces of news have sparked widespread attention and discussion in the cryptocurrency community. Industry insiders believe that this may have a certain impact on the operations of related enterprises and the cryptocurrency market. However, the specific extent and scope of the impact still need to be observed further.
It is worth noting that this event once again highlights the regulatory challenges faced by the cryptocurrency industry. As the influence of cryptocurrencies continues to expand, how relevant companies and individuals seek a balance between compliance and innovation.

A well-known investment institution has made a significant purchase of Ethereum after the market fall, acquiring 9,001 ETH recently, with a total value of approximately 22.72 million USD. The funds were sourced from borrowed USDT, demonstrating the institution's confidence in Ethereum's long-term prospects. The institution now holds approximately 182,000 ETH, with unrealized gains of 32.6 million USD, reflecting its assessment of the investment value at the current price.

2025 Innovative Application Ideas in the Encryption Field: AI, Decentralized Finance, NFT and Other Diverse Tracks
As the cryptocurrency industry continues to thrive through 2025, this article provides 50 highly promising project ideas for developers of different skill levels, aiming to inspire more people to create meaningful products in this industry.
1. AI Agent Application
This is an optimized ChatGPT wrapper designed to mimic the characteristics of real individuals and supports user customization to create various types of agents. With the rise of technologies like virtual characters, such agents have become extremely popular.
2. Penguin Club Metaverse Game
Reintroducing the classic multiplayer online game "Club Penguin", this is a widely popular simple game that has become a favorite social platform for players through mini-games, item collection, and relationship building.
3. Rune Stone Metaverse Game
Based on

A former executive of a well-known Crypto Assets trading platform has been released early, with an original sentence of 3 years. This incident has sparked heated discussions in the Crypto Assets industry regarding Compliance and regulation, with industry insiders emphasizing the importance of balancing innovation and Compliance.