What happened in Onchain in the last ~72h💾
● A user accidentally burned 3.2K
$USDC on
#Solana.
@bitcoinPalmer sent it to a Solana wallet address where every character had been converted to uppercase. However, this address is off-curve and returns off in isOnCurve, so the funds are now burned. Solana implements its wallet address system using base58-encoded 32-byte Ed25519 public keys, and base58 is case-sensitive. Because of this, changing even 1 letter in a wallet address from uppercase to lowercase, or vice versa, returns an entirely different address. In unlucky cases, like this one, the address can end up off-curve. Since an off-curve wallet address, meaning outside the curve, Ed25519, has no Private Key, no one can access that wallet, so it is considered burned. The principle of a Burn Address is the same: sending funds to an address with no Private Key. The user complained to wallet services
@Phantom and
@Backpack for not showing a 'pre-transfer warning'.
FYI: The tx occurred 1 year ago.
solscan.io/tx/4NfyfM4XtCMSnH… (tx)
solscan.io/account/5KNSE5FFX… (Reciever)
● Coinbase moved ≈4.4B
$USDC on
#HyperEVM, equivalent to 5.88% of the
$USDC supply.
This is also a tx that occurred after
@coinbase was designated as
@HyperliquidX's official USDC Treasury Deployer.
@coinbase will manage the
$USDC supply within
@HyperliquidX alongside the future activation of AQAv2. Under AQAv2, stablecoin deployers will share about 90% of the Reserve Yield from stablecoin reserves supplied to
#Hyperliquid with the protocol. Therefore, this large-scale withdrawal may not simply be a liquidity movement, but rather a treasury repositioning or supply structure adjustment process ahead of the AQAv2 rollout. And this movement is the largest not only in
#HyperEVM history, but also across all chains, including
#Ethereum,
#Solana,
#BSC, and
#Base @. The 2nd-largest transfer was ≈$243M. Even with a transfer of this scale, the fee was $0! This would be impossible in traditional financial markets. It is only possible in crypto!
hyperevmscan.io/tx/0xe2002a1… (tx)
debank.com/profile/0x6B9E773… (Sender: Circle)
debank.com/profile/0xc206991… (Reciever: Coinbase)
● Tron’s txs reached an ATH of 14.3M.
Txs on the
#Tron chain have increased by about 15% over the past 30 days. Could Tron really be benefiting from stablecoins?
tronscan.org/data/charts/txn…
● SpaceX (SPCX.O) jumped 19% on its first day of trading on the Nasdaq on June 12.
The stock traded roughly 15–30% above its IPO price throughout the session, showing relatively stable price action, and closed at around $161 per share. The final settlement price has not yet been confirmed.
Trading volume exceeded 500 million shares, while total trading value reached approximately $80 billion.
● BTC Spot ETFs See $84.7 Million in Net Inflows
BlackRock IBIT: $57.7 million
Fidelity FBTC: $18.0 million
Bitwise BITB: $5.2 million
ARK ARKB: $3.2 million
VanEck HODL: $1.8 million
Total Net Inflows: $84.7 million
● Trump: Negotiations with the Islamic Republic of Iran have been completed.
Trump: Approved the immediate lifting of the U.S. maritime blockade.
Trump: Approved free passage through the Strait of Hormuz, with all transit fees waived.
Trump says a nuclear deal with Iran has been reached despite opposition from Netanyahu: New York Times.
The U.S. will resume military strikes against Iran if the nuclear deal fails: New York Times.
● [💀] A wallet holding 72,030,295
$USDT has been frozen!
A certain entity laundered funds through various Instant Exchanges and laundered funds into
$XMR, causing
$XMR to surge from $330 to $420 in the process. Then, 1 of the wallets that had contact with that wallet (
#TBzrPEs) was frozen by Tether. This is the 6th-largest freeze in history based on
$USDT. The largest one occurred on April 23, at $212.92M.
tronscan.org/address/TBzrPEs…
● [💀] Aztec suffered a ≈$2.1M outflow due to an Exploit.
This security incident represents a new warning for DeFi.
@aztecnetwork's Connect shut down in 2023 to focus on newer technology. Users were given a 1-year period to withdraw their funds, but after that period expired, Aztec relinquished control of the System and removed admin access permissions. The Contract became immutable, making it impossible for anyone to upgrade or pause it. As a result, ≈$2.1M worth of funds became trapped in the Contract. However, the Aztec Connect Exploiter found a way to abuse a public rollup processing function and withdrew the funds. As a result, all funds were drained, including 908.98
$ETH, 270.51K
$DAI, 167.89
$wstETH, 4.9K
$DAI, 9.24
$LUSD, and 16.57
$yvwETH.
etherscan.io/tx/0x074ec9317d… (Exploit tx)
etherscan.io/address/0x0f18d… (Aztec Exploiter)
🟢 [Gainer] $sa1t rose 60,412% over 41 hours 🤯
$sa1t is a token launchpad project based on
@Uniswap v4 hooks. It started by supporting 8 mechanisms, including Plain, Tontine, Streak, Heartbeat, Last Call, Halving, Seatbelt, Moneyback, and Cure, and now supports 11 mechanisms. The CA of every token ends in ~5417. Over 41 hours, its MC rose by a massive 60,412%, from $42.33K to ≈$1.58M.
gmgn.ai/eth/token/0x2d61bbbe…
🟢 [Gainer] All
$ASTEROID has risen!
News spread that an Asteroid doll was spotted during SpaceX’s debut live coverage / Nasdaq live. Afterward, $4126 rose about 113% in around 30 minutes, with its MC increasing from $32.32M to $69.13M.
$BAGS also rose about 48%, and its current MC is $6.8M. Can Asteroid reach its ATH again?
gmgn.ai/eth/token/0xf280b16e…
gmgn.ai/sol/token/4UeLCRqARm…
gmgn.ai/sol/token/F1ppSHedBs…
gmgn.ai/eth/token/0xaff25650…
gmgn.ai/sol/token/8NwtzwGm4C…
**********************************
💞 Please Like Retweet if you enjoy this
🚫 Disclaimer
*This information is not financial advice, and you are always responsible for the investment.
**The above information can be changed to reference materials, and the provided information and actual information may be different, so please check the fact yourself.