Smart

According to a recent announcement by Ethereum educator Anthony Sassano, Ethereum developers have confirmed a list of Ethereum Improvement Proposals (EIPs) that will be integrated into the Pectra update. Known Eips include EIP-7702, Eip-7594 (PeerDAS), and Eip-7251 (MaxEB).

Proposed by the #TopCoinsJune2024 development team, including Ethereum co-founder Vitalik Buterin, EIP-7702 will allow addresses to act as #smart contracts during transactions.
EIP-7702 replaces eip-3074, an enhancement of which was previously proposed by developers. EIP-7702 is expected to eliminate potential risks because it has the same benefits as eip-3074.
At the same time, eip-7594, or PeerDAS, aims to improve the scalability of the package. An important aspect of this offering is the optimization of Layer 2 (L2) solutions such as Base and Arbitrum. This is expected to increase the speed of transaction processing in L2.
In addition, Eip-7251, or MaxEB, allows validators to bid up to 2048ETH. This is well above the current limit of 32 #ETH .
The update also includes eip-2537 and EIP-7549 related to eof, which aim to improve encryption efficiency.
Pectoras is currently considering including a historical expiration date," Sassano added.
Sassano expects Ethereum's Pectra to launch in the first quarter of 2025. This coincides with the recently announced deadline announced by Ethereum developers. This update follows the Dencun update that was successfully rolled out this month.
According to Sassano, Pectra will be a major milestone in Ethereum's development roadmap.
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UBS is testing a blockchain-based payment system

In an effort to improve the efficiency of cross-border transactions, multinational financial services company UBS has completed a trial of its blockchain-based payment system UBS Digital Cash.
The Zurich-based bank said in a Nov. 7 press release that the trial, which involved international banks and customers, involved cross-border transactions in Chinese yuan, euros, Swiss francs and U. S. dollars in addition to domestic payments in Switzerland.
technology uses a private #blockchain network known as UBD Digital Cash and is only available to authorized customers.
#smart contracts are used to settle transactions, which are automatically triggered when certain conditions are met. Andy Kolleger, Head of Institutional and Multinational Banking, UBS: Blockchain-based payment solutions for cross-border payments are a strategic focus for UBS.
collaboration between UBS Digital Cash and other digital cash projects is key for the financial industry, said Xiaonan Zhu, Head of #Digital Assets at UBS. According to the bank, the initiative will expand UBS's participation in various market initiatives.
These include Agorá, led by the Bank for International Settlements, and Helvetia, led by the Swiss National Bank, which involves the actual wholesale sale of the central bank's digital currencies in Swiss francs.
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The token converter allows users to easily exchange versions of OUSG and rOUSG tokens, optimizing portfolio management at no additional cost. This gives investors greater flexibility as they can quickly adjust their strategies without suffering losses from slippage.What are

ONDO tokens?
#ONDO tokens are
ONDO tokens are the backbone of management in the Ondo Finance ecosystem. The #token allows holders to participate in key protocol decisions, such as updating and modifying #smart contracts and managing the platform's finances. The total stock of these tokens is 10 billion units, which are strategically distributed to drive platform adoption and ensure long-term growth.
Users also have the opportunity to earn passive income by betting on ONDO, increasing platform security, decentralized governance and transparency, and helping to preserve
Is it a good investment?
ONDO tokens have the potential to be an attractive investment for those looking for innovative #DeFi solutions. The management and betting model provides security, control and a steady stream of rewards. In addition, ONDO's main advantage is the strong interest in tokenizing real world assets. Success in this emerging market could strengthen ONDO's value as the platform grows in popularity and its user base and products expand.
However, as with other cryptocurrencies, it is important to analyze all the risks associated with market volatility and evolving regulations, and understanding is important.
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#CryptoMarketTrends

JP Morgan Chase CEO Jamie Dimon, as expected, continues to take a sharply critical stance towards bitcoin.

In particular, he has reiterated his view that the cryptocurrency is inherently fraudulent. In an interview with Bloomberg news agency published on Wednesday, Dimon said:
"I've always said that #cryptocurrencies like #bitcoin are fraudulent.
When asked if there is hope for bitcoin or cryptocurrencies in general, Dimon was unequivocal:
"If people think it's a currency, there's no hope. It's a Ponzi scheme.
Nonetheless, Dimon recognizes the potential value of some applications of #blockchain technology and cryptocurrencies, such as in the case of #smart contracts.
According to the businessman, cryptocurrencies are valuable if they serve a specific purpose, such as managing smart contracts. In such cases, he acknowledged, "blockchain works.
Despite criticism of bitcoin, JP Morgan is an authorized participant in the BlackRock Spot Bitcoin Exchange Traded Fund (ETF).
Dimon emphasized that while he is not a proponent of bitcoin investment, he does not intend to impose his views on others.
Jamie Dimon has long criticized cryptocurrencies, stating that bitcoin is not only fraudulent, but is often used for illegal activities such as human trafficking, tax evasion, money laundering and terrorist financing.
During a Senate hearing, he even stated that if he were the government, he would shut down cryptocurrencies.
Despite his skepticism, Mr. Dimon acknowledges that some JP Morgan clients are interested in cryptocurrencies and supports their right to invest.
A group of Swiss bitcoin supporters, led by Yves Ben-Naim, recently initiated a referendum to amend the Swiss Constitution by proposing that the Swiss National Bank (SNB) include bitcoin alongside gold in its currency reserves.
The initiative seeks to change the article that currently requires the SNB to hold a portion of its currency reserves in gold and add the words "and bitcoin.

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Details on the planned Pectra update for Ethereum.

September 13, Christine Kim, a researcher at #Galaxy Digital, explained on Site X that
the next Pectra update for #Ethereum will likely be split into two phases, with the first scheduled for early 2025
the next Pectra update for Ethereum will likely be split into two phases due to its complexity.
the network developers plan for the first phase to appear as early as February 2025. It is expected that the developers will make a final decision on splitting the update into parts at their next meeting.
the next Pectra update for Ethereum, which is expected to be one of the most important updates to the network, may be split into two hard forks due to its complexity.
This was announced on September 12 by Tim Beyko, head of protocol support at the Ethereum Foundation.
September 13, Christine Kim, a researcher at Galaxy Digital, explained on Site X that this decision is due to the large number of updates planned for Pectra. These updates could include more than 20 Ethereum Improvement Proposals (EIPs), with another six updates under consideration.
Kim noted that the first phase of updates could be launched as early as February next year, with the second phase in the second half of the year.
The first phase will include all elements of devnet 3, including the long-awaited EIP 7702 backed by Vitalik Buterin. This EIP aims to allow Externally Owned Accounts (EOAs) to act as wallets for #smart contracts, improving security and user experience during transactions. Other Phase 1 updates include EIP 7251 and EIP 6110, which aim to enable on-chain escrow of validators.
Phase 2 will focus on the implementation of Ethereum Virtual Machine (EVM) Object Format (EOF) and PeerDAS. EOF is a container system for optimizing EVM code and is an important step forward for Ethereum.

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In this article: Infini cryptocurrency neobank was hacked by former engineers hired to create smart contracts;

co-founder took responsibility for failing to secure access;
Infini funds were exchanged for DAI and then #ETH , which was split into multiple addresses, similar to the recent Bybit hack.
hackers withdrew over $49 million #USDC from the Infini stable coin bank. The exploit may be related to insider access to #smart contracts, which the developer retained access to after transferring them to Infini.
administrator access to the smart contracts allowed the exploit to transfer over $49 million USDC from Infini's stablecoin protocol. Infini itself has not explained its response to the exploit or the nature of the hack; Infini is a #cryptocurrency card issuer and accepts collateral in stablecoins to make daily payments.
The funds were reportedly taken from Morpho's MEV Capital Usual USDC vault; the exploit was installed in revenue products. Morpho did not issue an alert or report the lost funds.
The exploit was discovered after a seemingly routine whale transaction, when a new wallet withdrew all the funds locked in the contract. The attacker's wallet is known to Infini, which reportedly commissioned the exploit to create the smart contract. The attacker was unaware of the project and had admin rights, which allowed him to make the call that drained all liquidity.
ALERT today @0xinfini suffered a $49M $USDC exploit because the attacker abused the admin rights he had. Affected
@ The exploiter's immediate action was to exchange money to purchase 17,696 ETH from USDC. The exploiter acted through DAI, which is accessed via a decentralized protocol. The funds were moved via Uniswap, Sky Protocol and 0x Protocol By exchanging USDC as quickly as possible, the hackers were able to move the funds into ETH; ETH is never frozen, only blacklisted by exchanges.

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Digital ruble: Russia is testing the capabilities of smart contracts in Tatarstan

According to the Delovaya Gazeta newspaper, the Central Bank "approached the authorities of Tatarstan with a proposal to test some of the CBR
mechanisms". In response, the Russian Finance Ministry formed a special working group to support the introduction of the digital ruble in the region. This comes less than a month after the bank announced the indefinite postponement of the nationwide launch of the CBDC, which was originally scheduled for August 2025.
Tatarstan's Finance Ministry will cooperate with the bank to test conditional CBDC subsidies from the republican budget convertible into #smart contracts. According to the ministry, the digital ruble test platform will independently track transactions based on predetermined rules.
a working group headed by Tatarstan's Finance Minister Marat Faizrakhmanov and including Digital Development Minister Airat Khairullin plans to complete the test by the end of the third quarter of 2025.
In parallel with the tests in Tatarstan, Moscow Metro announced plans to expand pilot operations with the digital ruble. The capital's transportation system will be the first in the country to start working with the Russian #digital currency in 2023.
Maxim Liksutov, deputy head of Moscow's Department of Transportation and Road Infrastructure Development, said that the metro is "conducting joint tests with the Central Bank and [major bank] VTB". The testing concerns the card "Troika" - Moscow reusable contactless smart card, allowing passengers to buy tickets and top up their balance by means of universal QR-code of digital ruble wallets.
Last month, Central Bank Governor Elvira Nabiullina said that a new date for the launch of the CBDC would be announced in the near future.
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Ahmed was reportedly accused of hacking into two decentralized exchanges (DEX) and convicted of hacking smart contracts for the first time ever. The former software engineer was also ordered to forfeit his digital assets along with his funds. In a statement, the U.S. Department of Justice said that Shakib Ahmed must also pay about $5 million to Nirvana and the unnamed DEX exchange.

Shakib Ahmed was initially accused of exploiting a vulnerability in the decentralized exchange's #smart contracts. He allegedly used false pricing data to inflate his commissions by more than $9 million. He then converted the commissions into #cryptocurrency and withdrew it. DEX was then able to contact him and he agreed to return $1.5 million USD if he did not contact the police.
A few weeks after the first hack, Ahmed carried out another attack on another DEX Nirvana Finance. He exploited a vulnerability in the platform's smart contracts, which allowed him to purchase tokens at a price below their original value. He then immediately resold the tokens to the platform at their original value; Nirvana contacted him and offered a $600,000 reward for fixing the bug, but he demanded $1.4 million. The parties were unable to reach an agreement, and he kept all the funds for himself.
After taking action, Ahmed attempted to cover his tracks using several methods, including transferring tokens from the #Solana #blockchain to #BTC . As a result, he converted the stolen funds into Monero tokens. However, despite the numerous steps he took to disguise his actions, he was arrested by law enforcement in July 2023.
In handing down the sentence, federal prosecutor Damian Williams noted the decision to send the criminal to prison. Today, Shakib Ahmed was sentenced to prison for the first ever case of smart contract hacking and ordered to forfeit all stolen cryptocurrency. Regardless of the novelty and complexity of the hack, our office and our law enforcement partners intend to trace the funds and bring the hacker to justice," he said.
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Adebayo likes to follow interesting blockchain projects. He is an experienced writer who has written numerous articles on cryptocurrencies and blockchain.
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Bankroll Status lost $230,000 in a DeFi hack traced to DualPools.

The hack follows a pattern seen in previous DualPools attacks.
This incident comes days after BingX lost $52 million in a similar hack.
Bankroll Status, DeFi's app for the #BNB network, recently lost $230,000 in a hacker attack. Cyvers, a cybersecurity company, linked the attack to the hacker group DualPools, which had previously attacked #DeFi .
The attack was linked to a malicious smart contract launched three months earlier. It resembled the previous DualPools model.
the suspicious transactions were detected by the Cyvers system, which had been tracking the hacker group for some time. The group was reportedly attacking the DeFi protocol and injecting malicious #smart contracts.
This comes just days after another major cyberattack on BingX, in which more than $52 million was stolen.
Similar attacks are occurring frequently, highlighting the need to strengthen security in the DeFi sector. The investigation into the exact mechanism of the hack is ongoing, and Shivers has warned other platforms to beef up their defenses.
the hacker group DualPools has become more active and poses a threat in the DeFi space. Their modus operandi is to use malicious contracts to hack and steal from other platforms and users.
These attacks are slow and calculated, making it difficult for platforms to detect the hack. The hack can only be detected after significant damage has been done.
Savers said the smart contracts used in the hack were created 90 days ago. The same group of hackers is still focused on the DeFi project, and the attack is still traveling through multiple protocols.
Exactly what holes were used to penetrate Bankroll Status' system is not yet known. However, the cybersecurity service is working to identify other possible weaknesses.

It was initially thought that $26 million was lost in the attack, but more wallets were discovered.

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Highlights. DBS Bank has launched a token service that combines blockchain, tokenization and smart contracts for real-time payments.

DBS #Token Service includes treasury tokens, conditional payments and programmable rewards.
DBS Bank, Singapore's largest bank, is advancing its cryptocurrency strategy with the launch of Token Service, a blockchain-based service package that includes #tokenization and #smart contracts.
After years of collaboration and experimentation in digital money, banking services are finally getting their due.
The DBS token service platform uses the bank's Ethereum virtual machine #blockchain , which is compatible with the permission blockchain; through integration with the DBS core payment engine and numerous industry payment infrastructures, the bank can provide 24/7 real-time payments. can offer real-time payments.
The DBS token service currently includes treasury tokens, conditional payments and programmable rewards. This shows that traditional financial institutions can provide a better experience for their customers by utilizing the latest technology. It simplifies the payment process and creates more business opportunities through more secure, transparent and efficient transaction management.
In addition to the launch of the DBS tokenization service, the bank has launched several other blockchain initiatives this year. On August 22, the bank announced a blockchain-based government grants pilot program aimed at improving governance and reducing manual cash handling.
On August 13, DBS launched a blockchain-based Treasury token pilot program to demonstrate the blockchain's ability to be EVM compliant and handle approvals.
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The Uniswap Foundation recently announced a bold plan to overhaul its governance model. The plan is to encourage active participation by UNI token holders by offering rewards for posting and delegating tokens. The initiative aims to improve the protocol's reward system and increase engagement and sustainable growth. By introducing new smart contracts and improving the reward collection and distribution system, the proposal has received widespread community support. After the announcement, the cryptocurrency community reacted positively and the value of UNI jumped by 60%.
The essence of the proposal is to improve the governance process by incentivizing #UNI token holders to become more involved. This strategy includes adjusting reward mechanisms and incentivizing a more active and responsible representative network. This approach is seen as critical to the continued success and expansion of the protocol. #Uniswap stated that "this enhancement is for the benefit of those who invest and delegate UNI tokens... ". It emphasized that. A decentralized, robust and active governance system is essential for the future prosperity of the protocol. We are confident that the changes will strengthen Uniswap's governance.
The Foundation is committed to ensuring that Uniswap remains a key player in internet liquidity by developing a governance model that is sustainable in the long term. Efforts to increase participation in governance, such as the delegate race and upcoming GovSwap events, are already having a positive impact. However, the problem of non-participation remains, which underscores the importance of this new governance initiative. The technical basis of this proposal is the creation of two new #smart contracts that can be easily integrated into Uniswap's existing blockchain-based system. These contracts are designed to collect and distribute rewards directly to active UNI holders, maintaining control over key aspects of the protocol and encouraging meaningful participation.
The timetable for the proposal calls for a snapshot vote on March 1 and a #blockchain vote on March 8. Just prior to the vote, UNI's price rose 60%, from $7.36 to $12.53. " The price of UNI rose 60% following a proposal to introduce a reward system for those who distribute and delegate tokens. It's not the first such proposal, but this attempt by Erin Cohen, head of Gov fund Uniswap, has resonated," said #DeFi analyst Ignas.
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