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Harmony Protocol confirms the first round of issuance of 4 billion ONE and prepares to roll back

Harmony Protocol released an event update stating that an unauthorized ONE minting incident occurred. Investigations show that the attacker exploited a cross-shard receipt replay vulnerability, allowing processed cross-shard receipts to be executed multiple times, and minted ONE in empty blocks.The team is currently verifying two sets of impact data: early analysis indicates that the first round of minting involved 4 billion ONE, while the latest on-chain reconstruction shows that approximately 3.01 trillion ONE were issued to four attacker wallets through six forged cross-shard transactions. Harmony Protocol confirmed the first round of minting of 4 billion ONE, generated through two empty block accounting transactions that produced 1 billion and 3 billion ONE respectively, of which 2.8 billion ONE were subsequently transferred to other attacker addresses.The team has fixed the cross-shard receipt verification and pre-staking committee quorum verification vulnerabilities and deployed Mainnet v2026.1.1. Bridge services have been suspended, and Harmony Protocol is coordinating with validators, trading platforms, and LayerZero to freeze related funds, preparing to roll back the network to block 92,730,034 before the attack occurred. Currently, Shard 0 has been paused at block 92,753,555, and the official RPC may return a 502 error as a result.

The U.S. CFTC Innovation Advisory Committee will first discuss the regulation of crypto assets, AI, and prediction markets

The U.S. Commodity Futures Trading Commission (CFTC) has announced the agenda for the inaugural meeting of the Innovation Advisory Committee (IAC). The committee will hold its first meeting on August 20, focusing on regulatory issues in emerging areas such as crypto assets, artificial intelligence, and prediction markets.CFTC Chairman Michael S. Selig stated that the U.S. has long been a global center for financial innovation and hopes to explore how emerging technologies and financial products can drive market development through discussions with innovative entrepreneurs, researchers, and industry builders, and to jointly explore the "new frontiers of finance." The meeting will be live-streamed on the CFTC official website. Committee members and attendees will discuss topics such as the regulatory framework for digital assets, the impact of AI technology on financial markets, and the development of prediction markets. The public can submit relevant opinions by August 27, and these opinions will be publicly released through the U.S. Federal Regulations website Regulations.gov. The CFTC indicated that the meeting agenda may be adjusted based on the committee's subsequent focus.The Innovation Advisory Committee aims to provide the CFTC with recommendations on emerging technologies, financial products, and trends in market innovation, covering important areas such as digital assets and artificial intelligence that may influence the structure of future financial markets.

hot_img Lenovo's revenue for the first fiscal quarter reached 26.9 billion USD, a year-on-year increase of 43%, setting a new record, with adjusted net profit of 1.075 billion USD, a year-on-year increase of 176%

Lenovo Group released its Q1 financial report for the fiscal year 2026/27, with revenue of $26.9 billion, a year-on-year increase of 43%, setting a new record for a single quarter; gross margin at 16.5%, up 1.8 percentage points year-on-year; loss attributable to equity holders of $609 million, primarily due to a non-cash fair value loss from the revaluation of $1.7 billion in warrants. Adjusted profit attributable to equity holders was $1.075 billion, a year-on-year increase of 176%, surpassing the $1 billion mark for the first time; adjusted diluted earnings per share were 7.39 cents, a year-on-year increase of 176%.All three business groups achieved record revenue in the first fiscal quarter. The Intelligent Devices Group reported revenue of $17.1 billion, a year-on-year increase of 27%, with a global PC market share of 24.2% and an AI PC market share of 25.1%; smartphone revenue also reached a record high in the first fiscal quarter. The Infrastructure Solutions Group reported revenue of $8.5 billion, a year-on-year increase of 98%, with an operating profit margin rising to 9.1%, and AI server order backlog reaching $54 billion, a quarter-on-quarter increase of 157%. The Solutions and Services Group reported revenue of $2.9 billion, a year-on-year increase of 28%, with an operating profit margin of 24.2%.AI-related revenue grew by 60% year-on-year, accounting for 35% of total revenue. As the official technology partner of the FIFA World Cup, the group deployed AI technology and over 25,000 devices for all 104 matches. Regionally, revenue in the Americas grew by 58% year-on-year, the Central and Eastern European market grew by 53%, and China grew by 25%. The group ranked in the top five in Gartner's global supply chain rankings and rose to 153rd place in the Fortune Global 500 rankings.
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