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On May 8, Iranian state media reported that the Iranian Foreign Ministry condemned the U.S. Navy's actions against two Iranian tankers, describing them as acts of aggression and a violation of the ceasefire agreement.

[Iran's Foreign Ministry Condemns U.S. Navy Actions Against Two Iranian Tankers]On May 8, Iranian state media reported that the Iranian Foreign Ministry condemned the U.S. Navy's actions against two Iranian tankers, describing them as acts of aggression and a violation of the ceasefire agreement.

Iran's Foreign Ministry Condemns U.S. Navy Actions Against Two Iranian Tankers

On May 8, Iranian Foreign Minister Amir-Abdollahian stated that whenever diplomatic solutions are presented, the United States always opts for reckless military adventures. (Jinshi)

[Iran: The U.S. Always Chooses Reckless Military Adventures When Diplomatic Solutions Are on the Table]On May 8, Iranian Foreign Minister Amir-Abdollahian stated that whenever diplomatic solutions are presented, the United States always opts for reckless military adventures. (Jinshi)

Iran: The U.S. Always Chooses Reckless Military Adventures When Diplomatic Solutions Are on the Table

On May 8, Mantle token holders approved a credit line of up to 30,000 ETH (approximately $68 million) to Aave DAO through the MIP-34 proposal. This move aims to help address potential bad debt issues arising from the rsETH attack incident in April, which is estimated to have caused bad debts between $123.7 million and $230.1 million for Aave V3. The proposal was passed in a seven-day Snapshot vote, authorizing the Mantle Foundation to negotiate and execute the final loan agreement with Aave DAO. The final implementation of this credit line is contingent upon Aave executing its recovery plan and finalizing specific terms. A report from Galaxy Research noted that the rsETH attack had put Aave's WETH market under sustained pressure, with utilization rates exceeding 99% for 12.7 consecutive days. As of May 8, the utilization rate of Aave's Ethereum V3 WETH market has decreased to approximately 91.6%, indicating some relief in market pressure.

[Mantle Token Holders Approve $30 Million Credit Line to Aave to Address rsETH Attack]On May 8, Mantle token holders approved a credit line of up to 30,000 ETH (approximately $68 million) to Aave DAO through the MIP-34 proposal. This move aims to help address potential bad debt issues arising from the rsETH attack incident in April, which is estimated to have caused bad debts between $123.7 million and $230.1 million for Aave V3. The proposal was passed in a seven-day Snapshot vote, authorizing the Mantle Foundation to negotiate and execute the final loan agreement with Aave DAO. The final implementation of this credit line is contingent upon Aave executing its recovery plan and finalizing specific terms. A report from Galaxy Research noted that the rsETH attack had put Aave's WETH market under sustained pressure, with utilization rates exceeding 99% for 12.7 consecutive days. As of May 8, the utilization rate of Aave's Ethereum V3 WETH market has decreased to approximately 91.6%, indicating some relief in market pressure.

Mantle Token Holders Approve $30 Million Credit Line to Aave to Address rsETH Attack

FORTH fluctuated by 61.23% within 24 hours, current price $0.2599

【FORTH fluctuated over 50% in 24 hours!】FORTH fluctuated by 61.23% within 24 hours, current price $0.2599

FORTH fluctuated over 50% in 24 hours!

On May 8, Mantle token holders approved a credit line of up to 30,000 ETH (approximately $68 million) to Aave DAO through the MIP-34 proposal. This move aims to help address potential bad debt issues arising from the rsETH attack incident in April, which is estimated to have caused bad debts between $123.7 million and $230.1 million for Aave V3.

[Mantle Token Holders Approve $68 Million Credit Line to Aave to Address rsETH Attack]On May 8, Mantle token holders approved a credit line of up to 30,000 ETH (approximately $68 million) to Aave DAO through the MIP-34 proposal. This move aims to help address potential bad debt issues arising from the rsETH attack incident in April, which is estimated to have caused bad debts between $123.7 million and $230.1 million for Aave V3.

Mantle Token Holders Approve $68 Million Credit Line to Aave to Address rsETH Attack

According to Beating Monitoring, China's first dual-core atomic quantum computer, developed by a team led by the Chinese Academy of Sciences in collaboration with Wuhan University, Huazhong University of Science and Technology, and the Wuhan Quantum Technology Research Institute, has been officially released. This quantum computer upgrades the quantum processor from 'single-core' to 'dual-core' for the first time, providing crucial support for the autonomy of high-end computing power. Named 'Han Yuan No. 2', this supercomputer does not contain traditional chips; instead, it uses a precise optical system to control 200 atoms for computation. Technicians explained that these 200 atoms function like 200 super brains, organized into two arrays to form a dual-core architecture, with one array dedicated to computation and the other for real-time error correction, effectively doubling efficiency. Compared to 'Han Yuan No. 1' released two years ago, 'Han Yuan No. 2' has improved the accuracy of atomic operations from 90% to 99%, and the stable survival time of atoms has increased from 20 seconds to over 100 seconds. Meanwhile, its total power consumption is less than 7 kilowatts, eliminating the need for a cryogenic cooling system, allowing it to operate stably in a regular laboratory environment.

[China's First Dual-Core Atomic Quantum Computer Successfully Developed]According to Beating Monitoring, China's first dual-core atomic quantum computer, developed by a team led by the Chinese Academy of Sciences in collaboration with Wuhan University, Huazhong University of Science and Technology, and the Wuhan Quantum Technology Research Institute, has been officially released. This quantum computer upgrades the quantum processor from 'single-core' to 'dual-core' for the first time, providing crucial support for the autonomy of high-end computing power. Named 'Han Yuan No. 2', this supercomputer does not contain traditional chips; instead, it uses a precise optical system to control 200 atoms for computation. Technicians explained that these 200 atoms function like 200 super brains, organized into two arrays to form a dual-core architecture, with one array dedicated to computation and the other for real-time error correction, effectively doubling efficiency. Compared to 'Han Yuan No. 1' released two years ago, 'Han Yuan No. 2' has improved the accuracy of atomic operations from 90% to 99%, and the stable survival time of atoms has increased from 20 seconds to over 100 seconds. Meanwhile, its total power consumption is less than 7 kilowatts, eliminating the need for a cryogenic cooling system, allowing it to operate stably in a regular laboratory environment.

China's First Dual-Core Atomic Quantum Computer Successfully Developed

On May 8, according to AUSTRAC's official website, Australia's financial intelligence agency AUSTRAC announced the initiation of two special regulatory inspections in the country's virtual asset industry. One inspection targets 36 over-the-counter cryptocurrency exchange operators, focusing on assessing their management of money laundering risks associated with cryptocurrency-to-fiat exchanges. The other inspection involves 27 local cryptocurrency exchanges, evaluating their compliance preparedness for the new regulatory framework. This inspection aligns with Australia's anti-money laundering regulatory reforms that came into effect on March 31, which expanded the regulatory scope from traditional exchanges to include custodians, brokers, and other virtual asset service providers (VASPs).

[Australia's Anti-Money Laundering Regulator Launches Special Inspections on 63 Crypto Firms]On May 8, according to AUSTRAC's official website, Australia's financial intelligence agency AUSTRAC announced the initiation of two special regulatory inspections in the country's virtual asset industry. One inspection targets 36 over-the-counter cryptocurrency exchange operators, focusing on assessing their management of money laundering risks associated with cryptocurrency-to-fiat exchanges. The other inspection involves 27 local cryptocurrency exchanges, evaluating their compliance preparedness for the new regulatory framework. This inspection aligns with Australia's anti-money laundering regulatory reforms that came into effect on March 31, which expanded the regulatory scope from traditional exchanges to include custodians, brokers, and other virtual asset service providers (VASPs).

Australia's Anti-Money Laundering Regulator Launches Special Inspections on 63 Crypto Firms

On May 8, with the official implementation of Australia's crypto regulatory reform, the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced today the launch of two oversight actions targeting the virtual asset industry. AUSTRAC stated on social media that it is engaging with dozens of crypto companies and trading platforms, focusing on how they manage anti-money laundering and counter-terrorism financing (AML/CTF) risks and preparing for the upcoming reforms. The oversight actions primarily target over-the-counter (OTC) operators and local trading platforms. The new laws have expanded the regulatory scope to include custody and brokerage services. This reform marks a further enhancement of Australia's regulatory framework for the crypto industry, aimed at improving compliance standards and mitigating financial crime risks.

[Australia's Crypto Regulatory Reform Takes Effect, AUSTRAC Launches Two Industry Oversight Actions]On May 8, with the official implementation of Australia's crypto regulatory reform, the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced today the launch of two oversight actions targeting the virtual asset industry. AUSTRAC stated on social media that it is engaging with dozens of crypto companies and trading platforms, focusing on how they manage anti-money laundering and counter-terrorism financing (AML/CTF) risks and preparing for the upcoming reforms. The oversight actions primarily target over-the-counter (OTC) operators and local trading platforms. The new laws have expanded the regulatory scope to include custody and brokerage services. This reform marks a further enhancement of Australia's regulatory framework for the crypto industry, aimed at improving compliance standards and mitigating financial crime risks.

Australia's Crypto Regulatory Reform Takes Effect, AUSTRAC Launches Two Industry Oversight Actions

On May 8, Cango, a Bitcoin mining company listed on the US stock market, released its operational update for April, reporting an output of 230.04 BTC. As of April 30, the company's Bitcoin reserves increased to 1057.46 BTC.

[Cango Mines 230.04 BTC in April, Reserves Rise to 1057.46 BTC]On May 8, Cango, a Bitcoin mining company listed on the US stock market, released its operational update for April, reporting an output of 230.04 BTC. As of April 30, the company's Bitcoin reserves increased to 1057.46 BTC.

Cango Mines 230.04 BTC in April, Reserves Rise to 1057.46 BTC

According to Cointelegraph, a bug in the smart contract code for the Ethereum Alarm Clock service has been exploited, with nearly $260,000 said to have been swiped from the protocol so far. The Ethereum Alarm Clock enables users to schedule future transactions by pre-determining the receiver address, sent amount, and desired time of transaction. Users must have the required Ether on hand to complete the transaction and need to pay the gas fees upfront. According to an Oct. 19 Twitter post from blockchain security and data analytics firm PeckShield, hackers managed to exploit a loophole in the scheduled transaction process which allows them to make a profit on returned gas fees from canceled transactions. Web3 security frim Supremacy Inc also provided an update, pointing to Etherscan transaction history that showed the hacker(s) were so far able to swipe 204 ETH, worth roughly $259,800.

Detail

【Ethereum Alarm Clock exploit leads to $260K in stolen gas fees】According to Cointelegraph, a bug in the smart contract code for the Ethereum Alarm Clock service has been exploited, with nearly $260,000 said to have been swiped from the protocol so far. The Ethereum Alarm Clock enables users to schedule future transactions by pre-determining the receiver address, sent amount, and desired time of transaction. Users must have the required Ether on hand to complete the transaction and need to pay the gas fees upfront. According to an Oct. 19 Twitter post from blockchain security and data analytics firm PeckShield, hackers managed to exploit a loophole in the scheduled transaction process which allows them to make a profit on returned gas fees from canceled transactions. Web3 security frim Supremacy Inc also provided an update, pointing to Etherscan transaction history that showed the hacker(s) were so far able to swipe 204 ETH, worth roughly $259,800.

Ethereum Alarm Clock exploit leads to $260K in stolen gas fees

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ETH falls below 2300 USDT

Ethereum Alarm Clock exploit leads to $260K in stolen gas fees

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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