China News Official TheBitTimes.com

Author: defioasis Note: This article is for informational sharing only and does not endorse any projects. It is not affiliated with the mentioned projects in any financial way. In August, the number of active accounts for multi-chain smart contract wallets (ERC-4337) reached 443,600, continuously setting a new historical high. Among them, Arbitrum accounted for 213,100, Optimism accounted for 153,500, Polygon accounted for 49,700, and Base accounted for 22,900. In August, the number of multi-chain smart contract wallet accounts accumulated over 840,000 successful transactions (UserOps), a month-on-month increase of 45.6%. Unlike July, where 96% were concentrated on Polygon, August UserOps blossomed across chains like Optimism, Arbitrum, Polygon, Avalanche, and Base. Multi-chain Paymasters represented users paying over $360,000 in UserOp Gas fees, a month-on-month increase of 742%. (Source: https://dune.com/niftytable/account-abstraction ) The smart contract wallet was first launched by...

Author：Colin Wu Recently, some Binance users in the Chinese community found that their accounts were temporarily suspended due to requests from some law enforcement agencies. The screenshots spread that caused a great panic in the community. Binance took the rare step of issuing two back-to -back statements . First statement on August 19: In response to the recent incidents of account blocking for assisting in the investigation, Binance Chinese Channel responded: Binance will never do anything to harm the interests of users out of self-interest, especially the recent rumors. Globally, the platform party is obliged to provide necessary assistance when law enforcement agencies in various countries put forward reasonable needs for assistance in investigations, However, some recent incidents were purely maliciously distorted and interpreted. Please treat the rumors rationally, and we will continue to pay attention. Second statement on August 24 released more information: In response to the...

1. ETH’s weekly summary a. Lido releases update on v2 version progress link On April 5, Lido has released an update on the progress of its v2 version, stating that the preparation work for replacing withdrawal credentials has been completed and all credential messages have been successfully signed (from 0x00 to 0x01). The replacement of withdrawal credentials and Staking Router are the two major focuses of Lido v2. b. Lido expects withdrawal requests from users holding less than 1000 stETH to be completed within a day link On April 6, Lido announced that withdrawal requests from users holding less than 1000 stETH are expected to be completed within a day (standard Ethereum withdrawals usually take 2–6 days). Users with 1000 to 5000 stETH will need about 2 days, while those with 5000 to 10,000 stETH will require 4–10 days, and users with more than 10,000 stETH will need 2 weeks to complete their withdrawal requests. These time estimates are all conditional and assume no exit from the qu...

Author: GaryMa, WuBlockchain The Curve protocol recently encountered a major challenge when a bug in older versions of the Vyper compiler caused a security feature to fail in certain Curve pools.Furthermore, the founder’s massive collateralization of CRV on multiple lending platforms led to a potential liquidity crisis for CRV. In this article, we will examine both the Bug Crisis and the CRV Crisis, providing insights into the current state of each crisis and potential solutions. Bug Crisis: Resolved, Partial Fund Recovery The crisis in Curve arose from a vulnerability in specific versions of the Vyper language (0.2.15, 0.2.16, and 0.3.0), causing reentrancy protection to fail. The affected liquidity pools and their corresponding stolen amounts are as follows: pETH/ETH | 6,106.65 WETH (~$11m) msETH/ETH | 866.55 WETH (~$1.6 m) and 959.71 msETH (~$1.8m) alETH/ETH | 7,258.70 WETH (~$13.6 m) and 4,821.55 alETH (~$9m) CRV/ETH | 7,193,401.77 CRV (~$5.1m at time of exploit), 7,680.49 WETH (~$...

Source: //www.baotoulawyer.com/info/6080.jspx On virtual currency dispute case trial It should be noted that this is only a comment draft and not a final draft. The meeting held that the trading hype activities of bitcoin, ethereum, usdt and other virtual currencies seriously disturbed the economic and financial order and seriously jeopardized the property safety of the people. In order to prevent and control the risk of speculation in virtual currency trading, relevant departments of The State Council have successively issued a series of policies and measures, clarifying that virtual currency does not have the status of legal tender, prohibiting the development and participation of virtual currency-related businesses, cleaning up and banning domestic virtual currency trading and token issuance financing platforms. When trying disputes related to virtual currency, the people's court shall carefully study the adjustment of national financial regulation and industrial regulation and...

WuBlockchain author: Joey Wu WuBlockchain editor: Colin Wu 1. Bitcoin purchase history On December 9, 2020, MicroStrategy purchased 29,646 bitcoins for approximately 650 million US dollars, at an average price of around 21,925 US dollars. At this point, MicroStrategy held a total of 70,470 bitcoins, with a total cost of approximately 1.125 billion US dollars and an average purchase price of around 15,964 US dollars. On February 17, 2021, MicroStrategy purchased 19,452 bitcoins for approximately 1.026 billion US dollars, at an average price of around 52,765 US dollars. At this point, MicroStrategy held a total of 90,531 bitcoins, with a total cost of approximately 2.171 billion US dollars and an average purchase price of around 23,985 US dollars. On June 8, 2021, MicroStrategy purchased 13,005 bitcoins for approximately 489 million US dollars, at an average price of around 37,617 US dollars. At this point, MicroStrategy held a total of 105,085 bitcoins, with a total cost of approximatel...

1. ETH’s weekly summary a. Ethereum developer: Goerli will be shut down eventually link Ethereum developer @TimBeiko tweeted to disclose the current state and future plans of the Ethereum test network: Goerli will be shut down eventually, future testnets, incl. Sepolia, can mint more ETH, and hopefully ones after that can include more addresses in genesis files. b. Scroll releases testnet version of Ethereum L2 on Goerli testnet link Scroll has released a testnet version of its Ethereum L2 on the Goerli testnet, transitioning zk-EVM from pre-alpha (launched in August 2022) to the alpha testing stage, which will be the final phase before its mainnet launch. c. Vitalik discusses cryptocurrency payment failures and solutions in new article link Vitalik posted an article discussing the failure experience of cryptocurrency payments, long delays, the need for a better UI, and better forms of account abstraction to remove the need for centralized or even federated relays, and commoditize the ...