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According to TechFlow, on October 18, the EigenLayer X account was suspected to be stolen, and a tweet was posted about the redistribution of the remaining EIGEN tokens in the second season of the Stakedrop, which contained a phishing link. Users are reminded to be vigilant and protect the security of their assets.

According to TechFlow, on October 18, Neiro posted on social media, "We are very happy to work with DWFLabs, a new generation of Web3 investors and market makers. Together, we will expand $Neiro's market influence, drive growth, and expand our community, making Neiro a leading force in the memecoin field."

According to TechFlow, on October 18, Binance announced that it had completed the Orion (ORN) mainnet swap and brand upgrade to Lumia (UMIA), and opened the recharge and withdrawal services of the new LUMIA token. Binance has opened the LUMIA/USDT spot trading pair at 17:00 (Eastern Time) on October 18, 2024.

According to TechFlow, on October 18, Bloomberg reported that online lender K Bank has withdrawn its more than $700 million initial public offering in Seoul. The company originally planned to price the offering on Friday and set its initial public offering on October 30. A successful listing will make it South Korea's largest IPO in more than two and a half years, valuing the bank at up to 5 trillion won (US$3.6 billion). The bank plans to resume its initial public offering early next year. The withdrawal came after concerns about its valuation and its reliance on cryptocurrency exchange deposits. K Bank has rapidly expanded its customer base by partnering with Upbit, South Korea's largest cryptocurrency exchange, but its contract with the exchange will expire in October next year. As of the end of June, Upbit's deposits accounted for 16.8% of K Bank's total deposits. K Bank said in its IPO prospectus that failure to extend its partnership with key strategic partners could weaken the competitiveness of its platform.

According to TechFlow, on October 18, according to Lookonchain monitoring, 20 hours ago, a whale withdrew 4 million USDC from Binance and purchased GOAT through 2 wallets. So far, the whale has spent 3.07 million USDC to buy 10.09 million GOAT at a price of $0.3045, leaving 930,000 USDC. The purchase activity is still ongoing.

According to TechFlow, on October 18, a U.S. court sentenced 31-year-old Indian man Chirag Tomar to five years in prison and two years of supervised release after serving his sentence. Tomar stole more than $20 million by impersonating the Coinbase cryptocurrency trading website. He used the victims' funds to live a luxurious life and was arrested at the end of 2023. Tomar has pleaded guilty to wire fraud and will serve his sentence in federal prison.

According to court documents and Thursday’s sentencing hearing, Tomar and his accomplices engaged in a deception scheme since at least June 2021 to steal millions in cryptocurrency from victims around the world, including in the United States. They created a fake website that mimicked Coinbase Pro with a similar URL to trick users into entering their login credentials and two-factor authentication codes, giving them access to the victims’ legitimate Coinbase accounts. Alternatively, they posed as Coinbase customer service representatives to trick other users into providing authentication details over the phone or enabling remote desktop access to their computers, thereby helping to steal their cryptocurrency. Once the scammers had access to the victims’ accounts, they would transfer the cryptocurrency to wallets they controlled. The stolen funds were then transferred to multiple addresses, converted into other forms of cryptocurrency, and ultimately cashed out.

According to TechFlow, on October 18, BNB Chain announced that the BNB Beacon Chain hard fork will take effect at 14:00 Beijing time on November 19, 2024 (block height 384,544,850). The nodes of the BNB Beacon Chain mainnet need to be updated to version 0.10.24. From this date, the BNB Beacon Chain will stop running and stop processing any new transactions.

Written by: Wenser

Editor: Hao Fangzhou

Bitcoin has become a "new driving force" for the growth of listed companies' stock prices. Microstrategy's stock price has been rising (https://www.odaily.news/newsflash/395280), and its annual investment performance is even better than BTC; Metaplanet followed closely behind, and its "copycat" operation helped push its stock price up by as much as 480%.

On October 15, according to media reports (https://cointelegraph.com/news/metaplanet-stock-jumps-after-107-bitcoin-buy), Japanese listed company Metaplanet doubled its BTC holdings this month, buying more than 450 bitcoins in four operations, and the daily stock price rose by as much as 15.7%. As of now, its total BTC holdings have reached 855.5. More and more listed companies choose to regard BTC as an "anti-inflation asset" to diversify the risk of currency value fluctuations.

According to TechFlow, on October 18, TheBlock reported that Singapore's largest bank DBS will launch a "token service" to help institutional clients optimize liquidity management and simplify operational processes by integrating tokenization and smart contract functions. The service combines DBS's Ethereum virtual machine-compatible licensed blockchain, core payment engine, and multiple industry payment infrastructures, providing functions including treasury tokens, conditional payments, and programmable rewards. DBS said this will help companies and public sector entities optimize liquidity management, simplify operational processes, enhance business resilience, and create new opportunities for end-customer or user participation.

Written by: Raf

Compiled by: Luffy, Foresight News

Robots are often portrayed as villains, exploiting loopholes in systems built for humans to cheat. But is that the whole story?

In fact, bots are the unsung heroes of the game, working constantly in the background to make the system more dynamic and engaging. They may not be heroes in the traditional sense, more like targets or cannon fodder, but their contributions are too significant to be ignored. Most importantly, they become even more interesting when combined with blockchain's permissionless deployment and data availability.

According to TechFlow, on October 18, DeFi analyst Anon Vee posted on social media that many users reported that the Orderly Network ecological project IBXtrade was suspected to be Rug. It is reported that IBXtrade launched a pre-sale three days ago, planning to raise 2,000 SOL (about 3.2 million US dollars) and refund the unselected pre-sale participants. The pre-sale eventually over-raised more than 160,000 SOL (24 million US dollars). Participants originally expected the project to refund 21.8 million US dollars, but the IBXtrade team created a poll on a website completely controlled by themselves, asking whether to increase the pre-sale limit. The survey was eventually passed, and IBXtrade claimed to have returned 65,000 SOL (9.7 million US dollars) to pre-sale participants, but in fact the team only sent these SOL to multiple addresses they created, and users reported that they did not receive a refund.

According to TechFlow, on October 18, Orderly Network issued a statement in response to the "IBXtrade suspected Rug" incident, "We do not support IBXtrade or its tokens, and any other insinuations are false. Orderly is investigating the situation and will take the necessary steps to support the community. At the same time, we will cut off any future cooperation with IBXtrade."

By Franklin Templeton Digital Assets

Compiled by Alex Liu, Foresight News

Since the emergence of smart contracts, value accumulation in distributed networks has been a controversial topic. Generally speaking, there are two views on this topic:

Believe that value is mainly generated by the protocol

Believe that value is generated by applications built on top of the protocol

This study aims to comprehensively evaluate value accumulation mechanisms by studying the history of Web2 and the fundamental differences unique to crypto-based economies.

Web2 Value Capture

To understand the value capture methods in the Web, we must first examine the precedent set by Web2, the first digital economy. In Web2, protocols such as TCP/IP and HTTP provided the necessary infrastructure for data transmission, greatly increasing global access to information through shared communication standards.

According to TechFlow, on October 18, Cointelegraph reported that the number of transactions on the Sui chain exceeded 6 billion times.

According to TechFlow, on October 18, according to AI Auntie’s monitoring, 3 hours ago, a whale transferred 3,066 ETH (about 8.03 million US dollars) that he had established in February this year to Binance. If sold, he would make a profit of 1.05 million US dollars.

According to TechFlow, on October 18, according to Lookonchain monitoring, one hour ago, a "Diamond Hand" address sold another 199 BTC (US$13.55 million) for profit.

The address withdrew 801 BTC ($8.25 million) from HTX at a price of $10,297 five years ago, and sold another 500 BTC ($32.13 million) in the past month. He currently holds 301 BTC ($20.42 million), with a total profit of $44.28 million.

According to TechFlow, on October 18, according to the official announcement, Binance Financial Management, One-click Coin Purchase, Flash Exchange, and Leverage will launch Lumia (LUMIA). The LUMIA principal-guaranteed coin-earning current product will be launched on the Binance principal-guaranteed coin-earning platform and open for subscription at 17:00 (Eastern Time Zone 8) on October 18, 2024; users can use credit/debit cards, Google Pay, Apple Pay to purchase LUMIA through the "One-click Coin Purchase" page, or use wallet balance to buy/sell LUMIA. Within one hour after the Binance spot is launched, LUMIA can be traded with one-click purchase. Within one hour after the Binance spot is launched, users can exchange LUMIA for BTC, USDT or other tokens supported by the flash exchange trading platform, and the exchange is free of handling fees. Binance full-margin and isolated-margin leverage will add LUMIA as a new borrowable asset, as well as LUMIA/USDT full-margin and isolated-margin leverage trading pairs at 19:00 (ET) on October 18, 2024.

Author: TechFlow

If Meme is the big wave of the current super cycle, then don’t forget to observe the new narrative brewing underwater.

Recently, I often see a new word called "zkTLS" when compiling articles from some overseas investment research institutions and VCs.

Western VCs have always been masters of coining words, but from another perspective, they are keenly aware of new market trends, and new words also have the potential to become new narratives.

For example, a few days ago, Mechanism Captital argued in (Why do we think zkTLS is an opportunity now?) that “zkTLS is just a buzzword at the moment” with only a few use cases.

According to TechFlow, on October 18, Merit Circle released its third-quarter financial report, with cash reserves decreasing from $235,350,991 on June 30, 2024 to $228,461,294, a decrease of 2.93% from the previous quarter.

According to TechFlow, on October 18, the on-chain AI oracle service Canyon Network announced the completion of a $6 million financing round, with participation from DeData Technologies, DAO Venture, Vinci Labs, and Fission Digital Capital. Its valuation reached $60 million. The new funds will be used to support its development and launch of Onchain AI Oracle to enhance the transparency, efficiency, and security of AI-driven blockchain applications.

Canyon has developed an architecture consisting of a large network of off-chain validators and operators and a set of on-chain Solana programs. When dApp interacts with the Canyon AI Oracle Solana program to request AI reasoning, the AI ​​Oracle network quickly produces verifiable results, ensuring the transparency, efficiency, and security of AI-driven blockchain applications.