salus

ChainCatcher news, according to official sources, IOTA has launched a blockchain-based trade finance platform called Salus, aimed at addressing the global $2.5 trillion trade finance gap through tokenization technology.Salus focuses on critical mineral supply chains, utilizing IOTA and TWIN trade data infrastructure to convert traditional paper trade documents into verifiable digital assets. The platform manages the digital identities of supply chain participants through IOTA Identity, tokenizing key trade documents such as warehouse receipts and bills of lading into NFTs and anchoring them on the IOTA ledger.This solution complies with international digital trade standards, providing transparency, speed, and liquidity support for the trade of critical minerals such as copper, lithium, and rare earth elements.

ChainCatcher news, according to Bloomberg, Standard Chartered PLC's cryptocurrency trading platform Zodia Markets Ltd. announced the completion of a $18.25 million financing.This round of financing was led by the New York venture capital firm Pharsalus Capital, with participation from several institutions including Circle Ventures, The Operating Group, XVC Tech, Token Bay Capital, and Human Capital.

ChainCatcher news, Salus founder Mirror Tang (@mirrorzk) stated on social media that since March of this year, Chinese law enforcement agencies have cracked three cases of cryptocurrency money laundering using HyperLiquid. The method involves leveraging Hyperliquid's high leverage liquidation mechanism to wash away illegal gains, creating liquidation losses on HyperLiquid while simultaneously profiting from reverse positions on centralized trading platforms, completing the money laundering process. Salus will release a research article in collaboration with law enforcement agencies to officially disclose this information in the future.Mirror Tang also pointed out that this strategy structure is highly similar to the recent operations of the whale James Wynn, who opened high-leverage contracts and ultimately withdrew $100 million in profits. Mirror Tang urged Hyperliquid co-founder Jeff to pay attention to this issue, stating that if the current lack of risk control measures cannot be resolved, there will be a high risk of regulatory intervention.

ChainCatcher news, Oak Grove Ventures announced an investment in the real-time ZK proof network service provider ZEROBASE. The participants in this round of financing also include several well-known institutions such as Binance Labs, Lightspeed Faction, Matrix Partners, and IDG.ZEROBASE, launched by Salus, is dedicated to creating a privacy-preserving computing network tailored for ZK use cases. The project aims to be an innovator in ZK technology, providing a solution that coexists privacy and transparency without compromise. ZEROBASE has built the fastest privacy-preserving prover network, directly addressing the efficiency and confidentiality issues associated with ZK proof generation.Oak Grove Ventures is a fund focused on early investments in the cryptocurrency and Web3 space. This investment demonstrates confidence in ZEROBASE's potential to advance the development of ZK technology and privacy-preserving computing. This investment is expected to accelerate the adoption of ZK technology across various application scenarios and promote the development of innovative solutions that balance privacy protection and transparency.

Chain Catcher news, blockchain security company Salus Security has completed its seed round financing, led by Binance Labs, with the amount undisclosed. This round of financing will be used to expand its team and drive product development. Salus Security is a blockchain security company that provides services such as smart contract auditing and automated smart contract vulnerability detection. (Source link)