币神棍

$2Z 21:At 46 minutes, the circulation was shown to be 4.3 billion, but now it's 3.4 billion. Where did the missing 900 million go?

#币安Alpha上新 was originally looking for information on $PENGU , suddenly discovered this app, Coinwings. It's really amazing!! I can't believe all the information I was looking for is gathered here.

The total supply of Sahara AI tokens is 10 billion, with only 5.77% circulating on the market. It has been listed on all top exchanges at once, including Korean exchanges, with a public offering cost of $0.06 (6 billion FDV), which is just over twice that. The price is $0.15, with a 14 billion FDV. Many might consider shorting upon seeing this.

However, this popular project is different from small projects with a market cap of only a few million that are mindlessly shorted. The chip structure determines that it is easier to control the market. Regardless of whether the project is good or bad, the chip structure must be considered first. It is not just because the market cap seems high that one should short it; in fact, many coins with a particularly good reputation experience significant selling pressure due to the large amount given by the community.

From a fundamental perspective, no project in the crypto space is worth a high market cap, but funds can inflate the market cap.

How many do you see in this round of VIRTUAL?
My goal is 8.#VIRTUAL

$SUI Team has really stepped up and give the explaination over $CETUS Hack earlier today
{spot}(CETUSUSDT)

How exaggerated is this? The leading DEX protocol in the Sui ecosystem, Cetus, was suddenly revealed to have suffered an epic attack, with hackers madly siphoning off $223 million through a smart contract vulnerability. This figure ranks among the top five in the entire history of cryptocurrencies!

But the subsequent storyline can be described as a magical three-act play —

Sui officials raised the alarm, and within 30 minutes, the entire network of validators collectively activated their defenses. These "gatekeepers" who control the heartbeat of the blockchain directly locked the hacker's wallet, intercepting all suspicious transactions on the spot and effectively nipping the subsequent attacks in the bud.

The response from the Cetus team is a benchmark for the industry: they first cut off the network and paused the contract, and then rallied over 20 DeFi protocols to pursue the attacker across the network. The most impressive part is that they boldly declared: "We will do whatever it takes to reimburse users for the stolen funds!" This is a breath of fresh air in a crypto world where exit scams are rampant.

Now the entire network is speculating: is this hacker a technical genius who bypassed multiple defenses, or is there an insider involved? The Sui Foundation dispatched a security task force overnight, and it is said that they have already identified abnormal traffic at the cross-chain bridge. Observant individuals noticed that after the hacker's success, they actually attempted to launder money through Stargate, but were interrupted on the spot by the validator alliance.

This collective action by Sui validators set a new record; traditional public chains would need at least three days to mobilize this many nodes, but they only took three hours.
The DeFi insurance pool may face a significant test; if the $230 million hole is filled, it could trigger the industry's first "community-backed" compensation case.
The hacker targeting the Sui ecosystem is by no means a coincidence — this new public chain's TVL just broke $1 billion and it suffered a heavy blow, possibly indicating a precision strike against the new ecosystem.

Now the entire crypto community is waiting for Cetus's complete report; after all, if this case is resolved satisfactorily, it could definitely be written into the blockchain security textbook. However, when validators have the power to shut down any address at any time, should we celebrate efficiency or be wary of centralization?

Choose $BNB or choose $ETH ?
I said I acted in a short play, looking forward to Big Brother's cameo～

{spot}(BNBUSDT)

The highest level of business warfare, taking advantage of your weakness to claim your life, this time Binance's update is significant. The timing is also perfect; I really don't know if it's a blessing from above.

Binance has deeply integrated the wallet assets and exchange, making on-chain trading feel the same as trading on the exchange.

If you have money in the exchange, you can directly buy on-chain assets in one step.
Originally, the steps to buy on-chain assets were:
1. Withdraw from the exchange
2. Prepare gas fees
3. Open swap
4. Trade

Now, Binance allows direct purchases, which is incredibly impressive. I tested buying 100 USDT, and the final asset is in Binance - Assets - Alpha. The transaction in between doesn't feel like there's a gas fee, and there are no cumbersome steps.

A few changes brought about:
1. The value of Alpha has increased significantly.
2. The information gap between on-chain assets and the exchange has been eliminated, reducing the immediate cap after going on, and many coins actually don't need to go on the Binance main site; they can stay in the high-risk Alpha.
3. Distinguishing between the main site and on-chain assets can satisfy different risk appetites without having exchange users continuously offloading to on-chain users.

I really have to give a thumbs up to the functionality of this update; it’s a leap in trading experience.

#BNB