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ZEC $1,472.04 -7.20%
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AMZN $246.54 -0.96%
GOOGL $342.65 -0.24%
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TSLA $358.61 -3.75%
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nft

Non-fungible tokens (NFTs) are digital assets based on blockchain technology that represent unique ownership and scarcity. Unlike fungible tokens (such as Bitcoin), NFTs are non-interchangeable, with each token having a unique identifier and metadata, commonly used in fields such as digital art, music, virtual real estate, and gaming items. The rise of NFTs has provided creators with new revenue streams while also sparking discussions about copyright, ownership, and market bubbles. Ethereum is the main platform for NFT transactions, supporting standards such as ERC-721 and ERC-1155.
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Magic Eden: Current open orders are not affected by this vulnerability; users in the EVM market from February to October 2024 need to revoke related contract authorizations

Magic Eden announced that the vulnerability occurred in the NFT trading protocol Payment Processor V2 maintained by Limit Break. Magic Eden adopted this protocol for EVM network transaction settlements in 2024 but stopped using V2 in October 2024 and will completely shut down the EVM market in the first quarter of 2026. Therefore, NFTs currently listed on Magic Eden are not affected by this vulnerability.NFTs listed through its EVM market between February and October 2024 may be affected, while listings after October 2024 are generally not impacted. The platform is contacting the protocol owner and maintainer Limit Break to explore other risk mitigation measures, including pausing protocol transfers, and will continue to investigate the actual scope of the impact.Magic Eden reminds users who have listed or traded NFTs on its EVM market to revoke relevant contract authorizations on the Ethereum, Polygon, and Base networks. Users can filter the address through revoke.cash and revoke all authorizations marked as "approved for all" for NFTs. Magic Eden emphasizes that revoking authorization cannot recover assets that have already been transferred.Yuga Labs' Vice President of Blockchain Quit stated today that at 9 AM Eastern Time, attackers exploited the Payment Processor V2 vulnerability to steal a large number of NFTs. After contacting the LimitBreak team, the latter quickly paused the similarly affected Payment Processor V3. However, V2 could not be paused, and V3 on ApeChain is also temporarily unable to be paused. Therefore, the team implemented a white-hat operation, successfully transferring and protecting 23,155 NFTs valued at over 5.7 million dollars.

first_img Dee Goens takes over as CEO of Zora, Jacob Horne steps down

Zora co-founder Dee Goens has taken over as CEO, succeeding co-founder Jacob Horne, who held the position for over six years. Goens stated in a post on Wednesday that Horne will leave the company to embark on a new chapter but "won't stray too far from crypto." Goens revealed that Zora has conducted layoffs this year, reducing the team size to fewer than 10 people, and is shifting towards a more AI-driven operational model.On the product front, Zora has shifted its focus from the Creator Coins model launched on Base last June to supporting trading pairs on other networks. The Custom Pairs feature, launched on August 20, allows users to customize token trading pairs, with over 4,000 created so far. Zora also expanded to Robinhood Chain and Solana this summer, supporting cross-chain trading and eliminating fees for direct messages and comments. According to DefiLlama data, Zora recorded only $14,800 in fees deployed on Base in August, a 99.4% drop from $2.51 million in the same period last year.Goens outlined five key priorities, with the top priority being to align the business with the interests of ZORA token holders through the implementation of buyback and reward mechanisms, though he did not disclose specific scales, sources of funds, or timelines. The remaining priorities include rebuilding community trust, focusing on mobile app user acquisition, and restarting community incentive distribution. As of the time of publication, ZORA is priced at $0.00814, with a market cap of approximately $36.3 million, down 94.4% from its historical high of $0.1456 reached on August 11.

first_img The nonprofit organization claims that Trump's cryptocurrency project caused investors a loss of $4.7 billion

Consumer rights organization Public Citizen released a report stating that U.S. President Trump and his family's cryptocurrency projects have resulted in investor losses of at least $4.7 billion since 2022. Most of the losses stem from the TRUMP meme coin issued by Trump, with investors losing about $3.2 billion, while buyers of World Liberty Financial's USD1 stablecoin "have not suffered significant losses."The report noted that Trump profited $7.2 million from NFT royalties, over $600 million from the sale of World Liberty tokens and equity, $635 million from meme coin royalties, and $197 million in revenue from investing in World Liberty. These figures do not include the company and project shares he continues to hold, and some data is included in the President's 2025 disclosure documents, showing his cryptocurrency-related income reached $1.4 billion.Public Citizen once again called for the inclusion of ethical provisions in the Digital Asset Market Clarification Act (CLARITY Act), requiring the U.S. President and his family to divest from industry-related projects. The bill is scheduled for a final vote on September 15 and requires support from at least 60 senators to advance. White House spokesperson Anna Kelly previously responded that Trump's cryptocurrency investments "do not present a conflict of interest."
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