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The real damage caused by a portfolio crash is not just financial loss, but also the destruction of confidence.


The New York Stock Exchange's self-rescue movement essentially redefines the business model of traditional exchanges. With the IPO market shrinking, trading volumes declining, and data services experiencing sluggish growth, traditional exchanges can no longer rely solely on their conventional profit models to maintain competitiveness.
- 03:44SlowMist Cosine: The fundamental reason for the Balancer hack is that the calculation error in the scaling factor of Balancer v2's Composable Stable Pool implementation can be exploited for profit through low-liquidity swaps.Jinse Finance reported that SlowMist's Cosine released an analysis report on the Balancer hack exceeding 100 millions USD. The report pointed out that the root cause lies in the implementation of Balancer v2's Composable Stable Pool (based on Curve StableSwap's Stable Math), where there is a precision loss issue in the integer fixed-point calculation of scalingFactors. This leads to small but compounding price differences/errors during token swaps. Attackers exploited this by conducting small swaps under low liquidity to amplify these errors for significant cumulative profits.
- 03:35Bitcoin price has fallen below the 365-day moving averageJinse Finance reported that CryptoQuant.com posted on the X platform stating that the price of bitcoin has fallen below its 365-day moving average ($102,000), which is a key technical and psychological support level. The last time it broke below this level was at the beginning of the 2022 bear market. If the price fails to reclaim this moving average, data shows that the next support level may be around $7,200, which is close to the traders' lowest realized price range.
- 03:35Court Dismisses Prisoner's $354 Million Bitcoin ClaimChainCatcher news, according to Decrypt, the U.S. federal appeals court on Tuesday dismissed a lawsuit by Florida man Michael Prime, who attempted to recover more than $354 million worth of bitcoin. Prime claimed that these bitcoins were stored on a hard drive that was destroyed by authorities in 2019 when he was arrested for forgery and identity theft. The court ruled that Prime waited too long to file his claim, and that he had repeatedly told investigators, probation officers, and judges early on that he held little to no cryptocurrency, which contradicted his later claim of owning "nearly 3,443 bitcoins." Federal agents ended their search for the bitcoin based on his earlier statements and subsequently destroyed the devices, including the orange hard drive in question. Prime was sentenced to more than five years in prison in 2020.
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SlowMist Cosine: The fundamental reason for the Balancer hack is that the calculation error in the scaling factor of Balancer v2's Composable Stable Pool implementation can be exploited for profit through low-liquidity swaps.
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