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[Balancer Hacker Converts Stolen Assets to ETH] On November 4, monitoring data shows that the hacker of the DeFi protocol Balancer is converting stolen assets into ETH. Previously, the stolen funds from Balancer had exceeded $116.6 million.
**[Ethereum Foundation Tomasz Stańczak: Blockchain Security is the Core of Future Financial Systems]** On November 4 (UTC+8), at the "HKFTW Policy and Vision Forum" held in Hong Kong, Ethereum Foundation Co-Executive Director Tomasz Stańczak engaged in an in-depth discussion with SNZ Holding CIO Wang Keyi. Tomasz Stańczak emphasized that the application of blockchain technology in future financial systems will center around security, and Ethereum's technological advancements are becoming a critical cornerstone in this field. He provided a detailed overview of Ethereum's technical roadmap in terms of network scalability, security, and sustainability, highlighting its privacy solutions and development toolkits tailored for institutional needs as a vital foundation for driving financial innovation. Additionally, he mentioned that since its inception nearly a decade ago, Ethereum has never experienced downtime or security issues, and has built an ecosystem composed of security experts and white-hat hackers. Ethereum-based smart contracts and Layer 2 scaling technologies are driving transformations in institutional-level applications such as DeFi and asset tokenization. He envisioned that Ethereum infrastructure will become a key pillar in constructing an efficient, transparent, and open global financial network.
[Pantera Partner: Crypto-as-a-Service Could Become the Blockchain Industry's 'SaaS Moment'] Pantera Capital partner Paul Veradittakit stated that Crypto-as-a-Service (CaaS) is driving the blockchain industry toward its 'SaaS moment.' As banks, fintech companies, neobanks, and payment processors integrate cryptocurrency in an intuitive, plug-and-play, and compliant manner, CaaS is transforming the infrastructure, making cryptocurrency invisible to end users. Consumers and businesses can perform instant cross-border payments or access tokenized assets without needing to focus on blockchain technology.
[Moonwell Protocol Attacked, Losses Exceed $1 Million on Base and Optimism Chains] The BlockSec system detected that the Moonwell protocol's smart contracts on the Base and Optimism chains were attacked. Analysis shows that the incident stemmed from issues with the token price data (rsETH/ETH) provided by an off-chain oracle. This vulnerability may have been exploited by MEV bots, resulting in losses exceeding $1 million.
[BlackRock Plans to Launch Bitcoin ETF in Australia] BlackRock, with $13 trillion in assets under management, has announced plans to launch a Bitcoin ETF in Australia.
[((Crypto.com)) Founder: 99% of Digital Asset Reserve Tokens May Go to Zero] ((Crypto.com)) founder and CEO Kris Marszalek stated that while any method that attracts more capital into the industry is a positive development, he cautioned investors that 99% of digital asset reserve tokens might go to zero. He advised investors to exercise caution when choosing investments, focusing on projects with a long-term vision and robust ecosystems rather than chasing short-term hype. He also compared investing in digital asset reserve tokens to angel investing in startups.