Gate News: Latest Crypto News and Cryptocurrency Prices

09:20

Venus protocol suffered a $30 million attack incident.

According to Gate News bot, on-chain data shows that the DeFi lending protocol Venus suffered a loss of about $30 million during a market attack event. The stablecoin VAI within the protocol showed a significant deviation from its pegged price. The attacker exploited vulnerabilities in the protocol, acquiring a large amount of funds during this attack. The Venus team is currently working with the security team to investigate and address the incident. To protect user asset security, the protocol has suspended certain functions.

XVS3.82%

03:18

Representative Li Weinong, Chief Executive of the Macau Special Administrative Region: The GDP of Hengqin Cooperation Zone in the first half of the year rose 6.1% year-on-year.

Macao SAR Government Administrative Commissioner, Secretary for Economy and Finance, and Director of the Hengqin Guangdong-Macao Depth Cooperation Zone, Leong Vai Tac, introduced the current development status of the Hengqin Cooperation Zone at the financial forum. He stated that in the first half of 2024, the GDP of the Hengqin Cooperation Zone rose by 6.1% year-on-year, with good performance in major economic indicators, and a total of over 58,000 operating entities, including over 6,400 entities with investment from Macao.

00:19

PANews reported on November 6 that Michael Egorov, the founder of Curve, launched a proposal to "deploy Venus Protocol on the Ethereum mainnet" in the Venus Protocol community, a lending protocol on the BNB Chain, proposing to deploy Venus Protocol to the Ethereum mainnet and use the Curve tokens crvUSD and CRV as collateral and borrowable assets. Curve will be incentivized with 500,000 CRV and will ask Venus to match this mining incentive with XVS to double the reward at an annual interest rate of 10%. The proposal says that if the protocol is available on the Ethereum mainnet, Curve could help open mining pools using Venus assets such as XVS and VAI, and can also help the protocol on BSC once Curve is deployed on BSC.

22:40

Golden Finance reported that LayerZero Labs launched a new proposal in the Venus community, proposing to implement LayerZero technology to make Venus a true full-chain protocol. LayerZero proposes three integration phases: 1. Adopt LayerZero's OFT standard for the native stablecoin VAI and governance token XVS. 2.Venus integrates a cross-chain governance module powered by LayerZero. 3. Integrate LayerZero to achieve the vision of a full-chain currency market.

Venus protocol suffered a $30 million attack incident.

Representative Li Weinong, Chief Executive of the Macau Special Administrative Region: The GDP of Hengqin Cooperation Zone in the first half of the year rose 6.1% year-on-year.

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