Compiled by: flowie, ChainCatcher

“What important events have occurred in the past 24 hours?”

1. Ankr: Re-issue ankrBNB from snapshot and purchase $5 million of BNB to compensate LP

Ankr tweeted that the team has assessed the losses and the maximum value of BNB in ​​the liquidity pool is $5 million. Ankr will take a snapshot and reissue ankrBNB to all valid aBNBc holders before the exploit. ankrBNB tokens will continue to be redeemable, while aBNBc and aBNBb will no longer be redeemable. In addition, Ankr will purchase 5 million worth of BNB and use it to compensate liquidity providers affected by the exploit as a whole due to the depletion of the liquidity pool.

This morning, the deployer key of Web3 infrastructure provider Ankr was suspected to be leaked, and 10 trillion aBNBc were minted. Later, PeckShield said on Twitter that after Ankr was hacked, an address used the vulnerability to exchange 10BNB for more than 15 million BUSD and transferred the assets to Binance.

Regarding the hacker attack on Ankr, Zhao Changpeng said on Twitter that the initial analysis was that the developer's private key was stolen, causing the hacker to tamper with the contract into a malicious contract. Binance stopped withdrawals a few hours ago and froze the $3 million worth of assets that the hacker transferred to Binance. (Source link)

2. a16z's self-built media website Future is facing closure after two months of suspension, and the main editors have resigned

According to BusinessInsider, Future, a media website built by the famous venture capital firm a16z, is facing closure. The main editorial staff have already left, including executive editor (former CNN editor) Maggie Leung, editor-in-chief Amelia Salyers who joined a16z four years ago, cryptography editor (former Decrypt senior editor) Jeff Benson, and biology editor Nicole Neuman.

Future went online on June 15, 2021, and published more than 20 articles at the same time, with topics ranging from the creator economy to the potential of cryptocurrency to disrupt Hollywood. Its latest article, "Why Applying Machine Learning to Biology is Hard – But Worth It", was published on October 5, 2022, and it has been nearly two months since it published any articles. According to Similar Web estimates, Future's website had about 1.3 million visits in July this year, which dropped to 423,000 in September. (Source link)

3. Apple requires Coinbase Wallet iOS to pay gas fees through its IAP system

Coinbase Wallet tweeted that because Apple blocked the release of its new version, users are currently unable to use Coinbase Wallet iOS to send NFTs. The reason for being blocked by Apple is that Apple requires Coinbase Wallet iOS to pay the gas fee required to send NFTs through its in-app purchase system to charge a 30% fee, but Apple's proprietary in-app purchase system currently does not support crypto applications, so this problem cannot be solved. (Source link)

4. Binance Chief Strategy Officer: Centralized exchanges may no longer exist within 10 years

Centralized exchanges may cease to exist within 10 years as the cryptocurrency market moves toward decentralized finance (DeFi), according to Binance Chief Strategy Officer Patrick Hillman.

When talking about Binance's proof of reserves, Patrick Hillman explained, "This will be a multi-step process, including the introduction of third-party auditors, and it will take time to handle the scope and scale of the audit required by Binance." Although he did not disclose how much funds are held in the company's account, Patrick Hillman said Binance is "confident" in the reserves. (CoinDesk)

5. Immutable X protocol launches NFT quotation function

Immutable X, Ethereum's second-layer expansion solution, announced the official launch of the NFT Offers feature, which allows NFT buyers to make offers for assets and sellers to agree to the price offered by buyers. The launch of Offers will regulate the current NFT market and add more liquidity to the NFT market supported by Immutable X. Currently, Offers is in the testing phase and has some restrictions. It will be fully launched after the testing period ends. (Source link)

5. BitKeep becomes the official partner wallet of OpenSea

Web3 multi-chain wallet BitKeep announced a strategic partnership with OpenSea. The initial cooperation between the two parties will be carried out on BNB Chain. BitKeep and OpenSea will enhance market liquidity through NFT aggregation. OpenSea has added a BitKeep Chrome plug-in connection entrance and made BitKeep the officially recommended multi-chain wallet. At the same time, users can directly trade NFTs on OpenSea in the BitKeep NFT market without paying additional stacking fees.

In addition, OpenSea will provide BitKeep with development support for multi-chain docking and migrate the BitKeep market contract to Seaport. It is reported that BitKeep will complete the migration of NFT trading market protocols of various chains to Seaport before December 31, 2022. (Source link)

6. DeFi protocol Ambit Finance receives $4.5 million strategic investment from Binance Labs

Binance Labs announced a strategic investment of $4.5 million in the DeFi protocol Ambit Finance. Ambit Finance is a DeFi lending and yield protocol based on the Anchor Protocol. In the future, it will provide deposit yields for BUSD and will work with Binance Labs to launch new DeFi applications, increase the utility of BUSD and other assets on the BNB Chain, and cooperate with projects outside the BNB Chain ecosystem. (Source link)

7. 645 Ventures’ fourth fund Fund IV and first selected fund Select I completed fundraising of US$347 million and will focus on areas such as Web3

Early-stage venture capital firm 645 Ventures announced that its fourth fund Fund IV and first selected fund Select I have completed a total of US$347 million in fundraising. Investors include endowment funds, family offices and high-net-worth individuals. The new funds will focus on seed and Series A investments in vertical fields such as Crypto/Web3, Software as a Service (SaaS), and infrastructure software. (Source link)

8. DEX transaction volume increased to $65 billion in November, a 93% increase from the previous month

According to data from The Block Research, affected by the FTX crash, the trading volume of decentralized exchanges increased from US$34 billion in October to US$65 billion, a month-on-month increase of 93%, of which Curve's trading volume increased by 371% month-on-month. Previously, the trading volume of decentralized exchanges fell to a two-year low in October. (Source link)

"What are the interesting articles worth reading in the past 24 hours?"

1. "Internet celebrities sell goods through live streaming, and more than 10,000 players flock to the game in a week. How did this pixel-style blockchain game The Beacon do it?"

As a blockchain game built on Arbitrum and launched only a week ago, The Beacon's market performance is amazing. As of the time of writing this article, more than 10,000 players have entered The Beacon, and more than 17,000 copies of the "founding game character" priced at $40 have been successfully sold. This article will give a detailed introduction to The Beacon and take you to explore the magic behind the incredible hit.

2. "ByteTrade Lab: Taking GMX as an example, the innovative approach of on-chain perpetual contract protocol is explained in detail"

The aftermath of the FTX crash is still lingering, and decentralization and transparency are gaining more and more attention. The migration of trading activities from CeFi to DeFi is not a question of "if", but a question of "when".

In the past few months, perpetual contract protocols like GMX have attracted much attention. Based on the unique design of GMX, an independent ecosystem has been developed. ByteTrade Lab uses GMX as an example to explain the innovation of on-chain perpetual contract protocols.

2. "This article clarifies the whole dispute between Solana and FTX. How far can Solana go?"

After the collapse of FTX, Solana, once considered the killer of Ethereum, was also dragged to the brink of collapse. The simultaneous collapse of Terra and LUNA is understandable, but what is the bond between FTX and Solana, two seemingly independent projects? Why did Solana fall into such a situation? What consequences will the sharp depreciation of SOL bring to Solana?