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  • 16:07
    LitFinancial launches stablecoin litUSD on Ethereum to simplify collateralized lending processes
    ChainCatcher News, according to CoinDesk, on Wednesday, Michigan-based mortgage institution LitFinancial launched its US dollar stablecoin—litUSD—on the Ethereum blockchain. The company stated that it plans to use this token to reduce financing costs, optimize capital management operations, and explore on-chain settlement for mortgage payments. The stablecoin, named litUSD, is deployed as an ERC-20 token on the Ethereum blockchain and is backed 1:1 by cash and cash equivalents held in reserve. Brale is responsible for the issuance and redemption management of the token, while consulting firm Stably provides tokenomics support and promotes its integration with DeFi. Consumers can mint and redeem litUSD through Brale’s verified business accounts via bank transfer or Circle’s USDC stablecoin.
  • 16:06
    Data: $240 million liquidated across the entire network in the past 24 hours, mainly short positions
    According to ChainCatcher, citing data from Coinglass, the total amount of liquidations in the cryptocurrency market over the past 24 hours reached $240 million, with long positions liquidated for $84.1521 million and short positions for $155 million. ETH liquidations amounted to $42.6013 million, BTC liquidations were $42.3391 million, and SOL liquidations reached $22.9081 million. In the past 24 hours, a total of 128,976 traders were liquidated, with the largest single liquidation occurring on a BTC-USDT trading pair at a certain exchange, valued at $2.8422 million.
  • 16:06
    Evoq Finance contract attacked, resulting in a loss of approximately $420,000
    ChainCatcher news, according to monitoring by GoPlus Security, the smart contract of Evoq Finance on BNB Chain was attacked. The attacker stole the owner's account, transferred ownership to themselves, and then upgraded the contract to a malicious version, stealing approximately $420,000 from the protocol and user approvals. Users should immediately revoke token approvals for contract 0xF9C74A65B04C73B911879DB0131616C556A626bE to prevent further losses. The project team should pay attention to using multi-signature and regular key rotation to protect high-privilege accounts. Attack overview: The attacker appears to have stolen the private key of the owner's account (0xF08d1c) and used transferOwnership to transfer ownership to their address (0x7b416F). They then upgraded the proxy contract, draining funds from the contract and approved user accounts. .
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