Ethereum user loses $22K in EIP-7702 wallet attack

An Ethereum wallet associated with sven.eth has reportedly lost 9.1231 ETH, valued at approximately $22,770, and 1.69271471 TAPEETH tokens after an attacker used a malicious EIP-7702 authorization to gain control of the account.  Blockchain security firm ExVul reported the incident on October 14, identifying an attacker-sponsored transaction that activated malicious code previously authorized by the wallet owner. The firm attributed the theft to an unsafe delegation, explaining that the attacker drained the wallet without exploiting the underlying DeFi protocol.  The reported incident involved the wallet linked to sven.eth and an attacker-controlled address beginning with 0x9208. According to ExVul‘s investigation, the authorization allowed code installed through Ethereum’s EIP-7702 mechanism to operate with the wallets permissions.  Ethereum EIP-7702 attack drains ETH and TAPEETH  The reported theft involved 9.1231 ETH and 1.69271471 TAPEETH, with the ETH portion valued at approximately $22,770 when ExVul published its findings. The security firm did not provide a separate dollar valuation for the TAPEETH tokens.  ExVul identified the transaction hash as 0x36e0d1491c14e3d8e50bc70d73675b89d2d4712814d16f808f957c84fde820ee, linking the activity to a sponsored type-4 Ethereum transaction. Such transactions support EIP-7702 authorizations, which allow ordinary wallet addresses to execute smart contract code.  The investigation attributed the attack to 0x9208097c007be15e28b20e94e66870a3f9f820bc. The victims wallet was identified as 0xd8ba9e5886b7000bace2c9dbdd0be98ac77d4a28, while the malicious delegation

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Binance updates Anthropic mark per second to stop liquidation

Shunyet Jan, Binances Head of Exchange and Trading, explained how Binance prices Anthropic-linked perpetual futures in an Oct. 13 article published by 21Shares.  Related Company Anthropic AI safety and research company  He describes a mark updated each second from executed trades, with limits on each seconds movement and fallbacks when trading slows.  That explanation accompanies the Oct. 13 contractual issue date of the 21Shares Anthropic Synthetic ETP, an exchange-traded certificate giving synthetic exposure to the private company.  Related Company Binance Global crypto exchange  Buyers become unsecured creditors of a Cayman issuer, whose FalconX note counterparty manages the underlying exposure. Their returns depend on that chains ability to pay, as well as the direction of Anthropic-linked prices.  The issuer‘s legal summary discloses that affiliated contract terms are negotiated within the same corporate group, without an independent director empowered to approve their fairness or an external check that they match an arm’s-length deal. Its advertised 1% annual product fee also sits alongside financing, trading and perpetual-funding costs.  Related Company 21shares Issuer of crypto ETPs  A public listing would force cryptos synthetic Anthropic valuation to converge with a real stock-market price, testing whether pre-IPO liquidity survives repricing or unwinds once Wall Street sets the benchmark.  This certificate adds a counterparty-failure dependency that

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Solana price falls 9% ahead of major October 21 upgrade

Solana (SOL) has fallen 9.34% over the past seven days to approximately $107, as seven consecutive trading days of reported ETF outflows and weakening technical indicators precede the blockchains October 21 Alpenglow upgrade.  According to CoinGecko, SOL traded near $107 at press time, with approximately $2.86 billion in daily trading volume and a market capitalization of $63.02 billion. The decline comes as the Solana Foundation prepares to activate Alpenglow, an upgrade designed to reduce transaction finality from approximately 12.8 seconds to 150 milliseconds.  Despite the approaching launch, SOL remains below important resistance levels around $110 and $115.  Solana price outlook weakens ahead of Alpenglow upgrade  Solana has struggled to maintain its recovery after retreating from late-September highs near $123. The cryptocurrency previously rebounded from August lows around $75, but the latest decline has weakened its short-term price structure.  During the October 14 trading session, SOL hovered around $107.06 after opening near $106.72. Its daily chart recorded an intraday high of $108.20 and a low of $106.68, placing the cryptocurrency close to immediate support between $104 and $105.  Solana remains below its 20-day simple moving average of $115.83. The Bollinger Bands place the upper boundary at $127.20 and the lower boundary at $104.45, with SOL trading closer

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Feds Williams sees AI supply squeeze lasting beyond 2 years

New York Fed President John Williams said AI equipment supply could take more than two years to catch up with demand, which could add to inflationary pressure.  Williams made the comments during an interview with Bloomberg on Tuesday, saying that the buildout of AI infrastructure is pushing up chip prices and goods that use them.  Asked whether supply and demand within AI would become more balanced over the next two years, Williams said: “I think it‘s going to take longer. Assuming the demand kind of impulse continues as expected, and that’s a big assumption.”  Williams comments came as he reaffirmed his view that the US Federal Reserve may need to raise interest rates once more this year as it seeks to lower inflation.  “I havent changed my view that it may be appropriate to have one more rate hike.”  However, Williams said “well have to see” about 2027, saying “I dont think at this time I have any reason to believe that we would need to do more.”  Meanwhile, Williams said he expects AI investment to stay strong even with higher rates.  “I think investors there are relatively price insensitive,” he said. “They feel that this is a huge, going to lead to huge productivity gains, huge

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South Korea plans new crypto tax guidelines next month

South Korea‘s National Tax Service (NTS) has announced plans to issue cryptocurrency tax guidelines in November 2026, ahead of the country’s scheduled 22% tax on qualifying digital asset gains beginning January 1, 2027.  During an October 13 parliamentary audit, NTS Commissioner Lim Gwang-hyeon told lawmakers that preparations were underway to publish detailed taxation standards next month. The announcement followed questions about how authorities would calculate income from staking, airdrops, hard forks and decentralized finance (DeFi). Lim said the tax agency was working with cryptocurrency exchanges and the Ministry of Finance and Economy to prepare the necessary systems.  South Korea crypto tax guidelines expected in November  During the National Assemblys Finance, Economy and Planning Committee audit, People Power Party lawmaker Lim I-ja questioned whether authorities had established clear taxation standards for different cryptocurrency activities. She raised concerns about the approaching implementation date and the lack of detailed guidance for certain transactions.  Responding to the questions, the tax commissioner said the agency was preparing to issue its guidance around November. He explained that tax treatment would depend on the economic nature of transactions, particularly whether an activity involves transferring or lending digital assets.  The clarification concerns transactions that do not fit neatly into conventional cryptocurrency buying and

11 گھنٹے پہلےانڈسٹری

Massive Ethereum Whale Exits With $24.5 Million Profit

One massive Ethereum (ETH) whale has just sold off all their positions, earning a massive $24.5 million profit after dumping over 52,000 ETH coins, according to blockchain analytics platform Lookonchain.  One massive whale, a major over-the-counter (OTC) investor, just dumped the remaining ETH positions. Altogether, theyve sold 9,996 ETH ($25 million approx.) from the wallet address 0x8c58.  This is the final in a line of large selloffs since this massive whale has been unwinding the entire 52,001 ETH position.  Lookonchain has estimated this whale invested approximately $112.4 million into the positions, resulting in a combined average price of $2,162 per ETH for the initial collection.  This whale has now unloaded the entire portfolio for an average price of $2,632. This results in a massive $24.48 million profit.  As a reminder, this whale previously dumped the majority of their Ethereum positions on Sept. 24. They sold 42,005 ETH. This was worth roughly $111.89 million at the time. This happened during a general downturn in crypto markets.  They were left holding 9,996 ETH at the time. This whale has now dumped the final tokens in the latest move.  Ethereum whales going big  Of course, not every whale is dumping Ethereum at the moment.  In fact, on Oct. 12, Lookonchain spotted a

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BNY uses tokenized US Treasury in landmark Citadel Securities repo deal

BNY and Citadel Securities have completed a U.S. Treasury financing transaction using a tokenized security as collateral on a major triparty repo platform for the first time.  SummaryBNY and Citadel Securities completed the first transaction involving tokenized assets on a major triparty repo platform.A 2-year US Treasury note was tokenized on BNYs private ledger and settled within minutes before being used as collateral in an overnight repo.BNY provided cash against the tokenized Treasury, demonstrating how digital securities can move from trade settlement into institutional financing.BNY plans to introduce digital cash and tokenized deposit services while expanding Treasury settlement operations into European and Asian trading hours next year.  According to BNY‘s announcement, the transaction involved a 2-year U.S. Treasury note purchased by Citadel Securities through the bank on Tradeweb, with a digital representation of the security settling within minutes on BNY’s private ledger.  Citadel Securities subsequently pledged the tokenized Treasury as collateral for an overnight repurchase agreement, with BNY providing cash against the security.  BNY described the transaction as the first use of tokenized assets on a major triparty repo platform, bringing digital securities into an established financing process used by institutional market participants.  The bank said the transaction covered several stages of the Treasury trade

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Coinbase Maps Bitcoins Post-Quantum Security Path as It Holds 5% of Supply

Coinbase, which custodies roughly 5% of all bitcoin in existence, has published its technical priorities for moving the network to post-quantum security, warning that the transition will be a “challenging, complex, and multi-year process.” The exchange laid out its thinking in a blog post that frames quantum resistance as more than a choice of signature scheme. It must also protect already-exposed and newly created funds, fit Bitcoins scarce block space, and keep working inside institutional custody.  The timing is deliberate. Coinbase argues the industry should begin preparing well before any cryptographically relevant quantum computer (CRQC) is announced, because “Bitcoin consensus changes and ecosystem migrations can take years.” The post is explicitly an input to an open discussion rather than a final position, but its proposals amount to the first concrete migration path outlined by one of the networks largest custodians.  Separating the Container From the Signature  Coinbases central recommendation is to decouple the “container” — the output type that holds funds — from the signature algorithm that authorizes spending. That way a post-quantum scheme could be introduced, replaced, or supplemented without redesigning the entire structure. The exchange points to two flexible designs: P2MR, proposed in Bitcoin Improvement Proposal 360, and P2TRv2, both of

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Coinbase, which holds 5% of all bitcoin, wants the quantum fix started now

What if someone builds a quantum computer fast enough to crack your bitcoin wallets security and siphon off your coins?  Thats on everyones mind, since some projections suggest that such a quantum machine, though it doesnt exist today, could arrive within a few years.  Nasdaq-listed crypto exchange Coinbase COIN$181.88·Market Closed, which holds about 5% of all bitcoin in existence today for its clients, including banks, asset managers and hedge funds, has shared its thoughts on that question in a new blog post, laying out what it believes bitcoin needs to do to stay secure against a “potential future” quantum threat.  Its first point is to start preparing now, not wait for the risk to arrive, and handle the question of lost coins separately.  To follow the exchanges suggestions, it helps to know how Bitcoins locks work and how a quantum computer can break them.  The lock and key  Think of a bitcoin wallet as a mailbox with a narrow horizontal slot at the top and a key held only by the owner. The visible slot, through which anyone can drop letters inside, is the wallets public key. The private key, by contrast, is the physical key that unlocks the box. Kept strictly in the owners hands,

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September CPI Tonight Could Become the “Starting Gun” for Bitcoin’s October Rally: Where Are Inflation, Rate Cut Expectations, and the Next Wealth Opportunities Heading?

At 8:30 PM Beijing Time tonight, the U.S. September CPI data will be released.  What the market truly cares about is not just the number itself, but the three questions behind it:Will the Federal Reserve continue tightening policy at the end of October?Will the liquidity environment improve during the remaining months of 2026?Is Bitcoins current rebound the beginning of a new bull market, or simply a bear market rally?  Currently, BTC is trading at a critical level: the price is consolidating around $82,000–$84,000.  Key levels:Resistance: Around $85,000Major support: $80,000 and the $77,000 area  The market is waiting for CPI to provide the next directional signal.  Recently, BTC has remained in a narrow trading range ahead of the CPI release, suggesting that investors are reducing risk exposure and waiting for a macro catalyst.  Tonight‘s CPI data could determine the direction of the rest of October’s market.1. What Could September CPI Look Like?  Current market expectations:  Headline CPI YoY: Around 3.6%–3.7%  Core CPI YoY: Around 2.5%  The monthly increase is expected to be mainly driven by rising energy prices. Many institutions believe that the rebound in September inflation is primarily caused by oil prices, while underlying core inflation pressure remains relatively moderate.  Therefore, tonights CPI release may create three possible scenarios:  Scenario 1: CPI

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