Kinto, an Ethereum Layer 2, will shut down after a major exploit and failed restart plan, returning partial funds to users. Grayscale filed to convert its Chainlink Trust into a spot ETF with staking options, potentially giving investors regulated LINK exposure and extra yield. CleanCore

crypto market panorama BTC (0.30% | Current Price 110,828 USDT): Recently, the BTC price has been fluctuating around 110,000 USD. Structurally, BTC formed a wave of upward movement from July to early August, peaking at 124,497 USD, then encountering resistance and falling back, reaching a low of 98,200 USD, maintaining overall fluctuations in the range of 98,000–124,000 USD. Currently, the price is consolidating in the middle of the range, with trading volume gradually decreasing, indicating that the market has entered a wait-and-see period. On September 5, the net outflow of BTC ETF reached 160 million USD in a single day, with BlackRock's IBIT experiencing an outflow of 63.2 million USD. ETH (0.01% | Current price 4,297 USDT): Recently, the ETH price has been around 4,300 dollars.

The Ethereum Layer 2 protocol Kinto announced that it will officially shut down on September 30. Previously, the platform suffered a smart contracts vulnerability attack in July, resulting in a loss of over $1.6 million in liquidity assets. Although it attempted to raise funds for a restart through the "Phoenix Project," it ultimately chose an orderly exit due to debt pressure and failed financing.

The Kinto platform of the Arbiturm ecosystem was attacked by hackers exploiting the ERC-1967 Proxy vulnerability, resulting in approximately $1.55 million in liquidity being withdrawn. Kinto stated that the vulnerability originated from the widely used OpenZeppelin Proxy template, and the project party will take remedial measures, including deploying a new K contract, restoring assets and liquidity, and a compensation plan.

The Arbiturm ecological modular trading platform Kinto recently suffered a hacker attack, where the hacker exploited a vulnerability to mint 110,000 K Tokens, resulting in a loss of approximately 1.55 million dollars. The team has initiated an investigation and plans to restore the token balance and trading after tracking down the stolen funds. Other funds are safe, and relevant agencies are involved in the investigation.

The price of the $K token from Kinto has fallen over 87% in the past 24 hours after a vulnerability was discovered on the Arbitrum network, leading to a sell-off that caused the price to drop 45% in one hour. Kinto announced the incident at 10:50 AM GMT and confirmed the vulnerability at 12:33 PM GMT, stating that it occurred outside the Kinto network and affected.

Gate Research Institute (2025.2.15-2025.2.21), on February 17th, the President of Argentina was charged with fraud due to the collapse of LIBRA Token. On February 18th, the Abu Dhabi branch of global investment management company Brevan Howard Digital deployed $20 million in assets to the ETH Layer2 network Kinto, participating in its on-chain financial ecosystem. On February 19th, Hyperliquid's HyperEVM Mainnet has officially launched, introducing 'general programmability' to its Layer 1 Blockchain. On February 19th, gate teamed up with the Consensus conference to create a new model for Web3 music and social interaction.

gate Research Institute Daily: On February 18, the BTC price pumped 0.09% to $96,230.5, and the ETH price pumped 1.76% to $2,729.33. Dolomite TVL broke through $7.35 billion, reaching a new all-time high. Circle is minting USDC on Solana, expanding the scale and promoting ecosystem development. Michael Saylor released the '21 Rules of BTC.' DWF Labs partner announced the upcoming launch of synthetic dollar protocol Falcon Finance. Brevan Howard Digital deployed $20 million in Kinto, accelerating TradFi's layout in Decentralized Finance.

Hedging fund Brevan Howard's digital asset division, Brevan Howard Digital, has announced its participation as one of the first participants in the Kinto on-chain mining program. Kinto is a Layer-2 network on the Ethereum blockchain, providing integrated KYC and AML compliance mechanisms, offering a solution for traditional financial institutions to participate in decentralized finance. The co-founder and CEO of Kinto stated that as the platform meets institutional needs, there is increasing interest from traditional financial institutions in blockchain finance. Financial institutions can now securely participate in the decentralized finance ecosystem.

San Francisco, CA, December 18th, 2024, Chainwire Caldera, the industry-leading Rollups-as-a-Service (RaaS) platform powering major blockchains including Manta Pacific, Injective, Apechain, and Kinto, today announced the integration of the SOON stack, enabling developers to deploy Solana Virtual