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  • 14:08
    Market News: Hyperdrive suspected of being attacked, with losses of approximately $700,000
    According to ChainCatcher, Twitter user @xhanTululu has monitored that the Hyperliquid ecosystem DeFi protocol Hyperdrive is suspected to have been attacked, resulting in a loss of approximately $700,000. Currently, the project team has not yet responded.
  • 13:55
    The Polkadot native stablecoin PUSD proposed by Gavin Wood has entered the proposal discussion stage
    ChainCatcher News, according to official information from PolkaWorld, the native stablecoin PUSD proposed by Gavin Wood has entered the proposal discussion stage. It is reported that the basic idea is that block producer rewards do not have to be distributed in the highly volatile DOT, but can be paid in a stablecoin. Therefore, the Polkadot protocol itself (most likely on Asset Hub) will issue a new stablecoin named PUSD. This stablecoin will only use DOT as collateral, and its mechanism is similar to the HOLLAR stablecoin. Users can borrow PUSD by collateralizing DOT. However, the community believes that if the scale of this stablecoin becomes very large, it could trigger correlation risks. For example, a drop in DOT price would trigger liquidation, and liquidation would mean that the DOT in the treasury must be sold.
  • 13:42
    XPL contract liquidations across the entire network reached $31.24 million in 24 hours, second only to ETH.
    ChainCatcher news, according to Coinglass data, the total liquidation volume of XPL contract trading across the network in the past 24 hours reached 31.24 million US dollars, with long positions liquidated for 14.2 million US dollars and short positions liquidated for 17.04 million US dollars. The liquidation amount was second only to ETH during the same period, which was 62.42 million US dollars.
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