(Web3 Daily) is an official column launched by Web3Caff, focusing on important news, official updates, and selected articles from the past 24 hours in the Web3.0 field. It aims to help Web3.0 enthusiasts and Builders quickly understand the latest industry trends. If you want to stay updated with the latest industry developments and exciting articles, please remember to follow our official Twitter.
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Tether will stop supporting USDT on EOS and four other chains on September 1
Source: Tether
Beijing Internet Finance Industry Association: Beware of illegal fundraising using stablecoins and other new concepts
Source: Beijing Internet Finance Industry Association
Infini will launch new Infini Earn Yield in September
Source: Infini
Coinbase sues Oregon Governor
Source: paulgrewal.eth
Bank for International Settlements warns: Rapid expansion of stablecoins may threaten monetary sovereignty
Source: Bloomberg
Airwallex CEO stated that traditional banking needs scalable infrastructure and has initiated the recruitment of a stablecoin engineering lead.
Source: Jack Zhang
R2 stablecoin yield protocol integrates Wormhole cross-chain bridge
Source: R2 Community
Huma 2.0 deposits will open on July 13
Source: Huma Finance
Plasma has regained control of X platform account
Source: Plasma
BlockFi bankruptcy administrator reaches settlement with the U.S. Department of Justice
Source: Cointelegraph
Re-staking protocol Inception announces termination of operations
Source: Inception
AI-driven solution XerpaAI completes 6 million dollars seed round financing, led by UFLY Capital
Source: XerpaAI
Exciting articles you may have missed
In the past week, what key market dynamics have occurred in the Web3 field? Which events are truly valuable? Web3Caff Research will summarize the latest financing data and market trend directions weekly, highlighting key financing project analyses, market hotspot interpretations, and in-depth research reports to help you efficiently capture the frontline trends of Web3. Here's a quick review of this week's hard-hitting commentary.
Member Weekly Report: IP blockchain Camp Network ten-thousand-word research report, U.S. (CLARITY Act) deliberation imminent, are measures like DeFi friendliness, asset classification becoming the turning point for clearer crypto regulation?
On July 9, 2025, according to the monitoring by Slow Mist's MistEye security system, the well-known decentralized exchange GMX was attacked, resulting in asset losses exceeding 42 million dollars. The root causes of this attack are mainly twofold, as these two factors directly affected the calculation of total asset size (AUM), leading to manipulation of GLP token prices. This article discusses the matter.
Analysis of GMX hack: 42 million dollars evaporated instantly
On June 26, 2025, an online investment platform named Xinkangjia DGCX suddenly closed all withdrawal channels, and many users found their account assets frozen or cleared, making it impossible to withdraw funds. This incident quickly gained traction on social media, attracting widespread attention. This article delves into the incident for a quick read.
Losses exceed 40 million dollars! Analysis of GMX security incident vulnerabilities and stolen fund tracking
Recently, GMX was attacked, with the attacker exploiting a re-entrancy vulnerability in the project contract, profiting approximately 42 million dollars. The attacker first utilized the margin refund mechanism in the executeDecreaseOrder function of the OrderBook contract to initiate a re-entrancy attack, bypassing the leverage switch of the project's Timelock contract. This article discusses the matter for a quick read.
Losses exceed 40 million dollars! Analysis of GMX security incident vulnerabilities and stolen fund tracking
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