Revolut ID thefts highlight KYC’s dangers: Here’s how to fix it
Related
EthLabs released its "Week2" update report, highlighting progress on Ethereum interoperability, PropAMMs, and funding.
According to Mars Finance, on July 6th, Barnabé Monnot (barnabé.eth), founder of EthLabs, released a "Week 2" update, summarizing the team's latest progress and ecosystem discussions during the launch and fundraising phases. Regarding interoperability, the team stated they are increasing their confidence in "asynchronous interoperability based on zero-knowledge proofs (zk)," believing this will help build more secure cross-chain bridges and improve the native distribution capabilities of assets across Ethereum's multi-layered network. Currently, some cross-chain paths still suffer from latency issues, especially in the L2→L1 direction; in this context, the intents mechanism can serve as a transitional solution, while sufficient L1 liquidity also helps match cross-chain solvers. Meanwhile, the L1→L2 path is expected to significantly reduce confirmation latency through the Fast Confirmation Rule (FCR), and some clients have already begun integrating this mechanism. In terms of ecosystem discussions, PropAMMs (proposal-based AMMs) have recently become a focus of attention for many teams and researchers, primarily due to their potential optimization space between L1 execution efficiency and transaction building. Meanwhile, ENS is emphasized as a "critical infrastructure for Ethereum," and the team continues to communicate with relevant stakeholders to advance its development direction. Regarding team building, Ethlabs has received over 300 applications and has processed approximately 20%. The short-term goal is to expand to approximately 10 people, and the medium-term goal is to expand to approximately 20 people, focusing on recruiting talent with engineering capabilities and domain expertise. Regarding funding, Ethlabs stated that its current funding round is nearing completion and has secured early support from BitMNR, Sharplink, and Ethereum Joseph. The plan is to bring in 1-2 more core investors before moving to the next stage.
OneKey reproduces transaction replacement attack on outdated Ledger Ethereum app
OneKey said it reproduced an exploit against an older version of the Ledger app in its lab environment, which Ledger fixed in its Ethereum app 1.22.2, with no user funds lost.
No, Ledger Wasn’t Hacked: Vulnerable Ethereum App Was Patched Before Exploit, Company Says
OneKey demonstrated how an outdated Ethereum app could sign a transaction different from the one shown on a Ledger device, but the wallet maker says the vulnerability had already been fixed.
The People's Bank of China and Hong Kong regulators support the joint establishment of a fixed-income and currency electronic trading platform in Hong Kong.
PANews reported on July 7 that the People's Bank of China, the Hong Kong Monetary Authority, and the Hong Kong Securities and Futures Commission jointly announced their welcome to the China Foreign Exchange Trading Center and the Hong Kong Stock Exchange for jointly establishing a Hong Kong electronic fixed income and currency trading platform. This initiative aims to deepen cooperation between the mainland and Hong Kong financial markets and consolidate Hong Kong's position as an international financial center and offshore RMB business hub. The announcement stated that the platform will be based in Hong Kong, oriented towards the international market, and will adhere to international market standards and Hong Kong regulatory requirements. It will strive to create an open, fair, efficient, and stable fixed income and currency trading infrastructure, and will enhance trading efficiency and transparency, promote price discovery, reduce transaction costs, and explore technological innovation to empower financial services. The specific launch date of the platform will be announced in due course.
Fluid launches Fluid Lite USD, a stablecoin Vault product with fixed yields.
According to Foresight News , Fluid has launched Fluid Lite USD, a stablecoin fixed-yield Vault product, claiming a minimum annual yield of 6%, with historical data typically showing yields between 8% and 10%. Fluid Lite USD is already listed on Ethereum and supports cross-chain yield strategies, covering Arbitrum, Plasma, and Ethereum. Users can deposit USDC, and the Vault will generate yields through sUSDe, syrupUSDC, syrupUSDT, and sUSDai.
A smart money investor bought $170,000 worth of tickets in the World Cup Round of 16 match where Spain defeated Portugal.
PPP's market prediction tool monitoring shows that in Polymarket's "2026 World Cup Round of 16 Spain vs. Portugal" prediction event, account RJW1 (address: 0x85f031d069de300055900c4055c1baeb6bde3f67), with a total profit exceeding $1.5 million, purchased $178,000 worth of shares betting on Spain to win, with an average opening price of 51¢ and a purchase volume of 349,998.2 shares. This market refers to the results of matches within the first 90 minutes of regular time (including stoppage time). In addition, this user also holds $800,000 worth of shares betting on France to win the World Cup, with an opening price of 16.4¢ and a purchase volume of 2,465,265.0 shares, currently showing a floating profit of $400,000. The Spain vs. Portugal knockout stage match will take place on July 7th at 3:00 AM Beijing time. This match is a highlight of the 2026 USA-Mexico World Cup knockout stage, a classic clash between established and emerging stars. Spain, ranked around 2nd in the world, easily defeated Austria 3-0 in their last knockout match. The team is younger and possesses fluid passing and control, with key players including young talents like Yamal and Orizabal. Portugal, ranked around 5th in the world, is led by Cristiano Ronaldo. In their last knockout match, they came from behind to defeat Croatia 2-1. The team relies on experience, counter-attacks, and the individual abilities of their star players, with midfielders like Bruno Fernandes playing a crucial role. The two teams last met in a significant way in the 2025 UEFA Nations League final, where Portugal won on penalties. Odaily Seer continuously monitors the prediction market, seeing changes before pricing.