Web3 老尘
Web3 老尘
2017年入圈，经历了各种起起伏伏活到了现在，不认命，但认输
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Today's drop in the crypto market, I think the most noteworthy issue is not a single piece of negative news, but that both capital and leverage have encountered problems.
Last week, BTC and ETH spot ETFs continuously saw capital outflows, weakening the spot buying power.
Today, the total market liquidation scale reportedly reached about $1.11 billion, with ETH around $492 million, even higher than BTC's approximately $298 million.
Policy uncertainty after the midterm elections, macroeconomic expectations, and exchange security incidents are all affecting sentiment, but what truly amplified the decline was the concentrated forced liquidation of long positions.
What I want to see next is: after the leverage is cleared, will the spot buying return?
A digital bank in the UAE has integrated a US dollar stablecoin into its banking app today.
On November 9, Liv, a subsidiary of Emirates NBD, announced a partnership with Universal and Aquanow to integrate USDU into its existing banking services.
Interestingly, the bank itself does not issue the stablecoin.
Universal is responsible for issuance, Aquanow provides trading and liquidity infrastructure, and Liv handles the user interface.
USDU is registered under the relevant regulations of the UAE Central Bank, with the issuer claiming it is backed 1:1 by US dollar reserves and provides monthly reserve attestations.
However, a detail easily overlooked in the press release is that USDU is not a general payment tool within the UAE.
Therefore, the key point of this rollout is not that people can already use stablecoins to buy things in supermarkets, but that the bank is starting to embed regulated stablecoin trading services directly into everyday financial apps.
What will be worth watching in the future is whether users actually use it, whether it can be conveniently exchanged, and whether it will ultimately be used for payments or mainly remain in asset trading.
Joint press release:
https://t.co/z726dutrTZ
EIP-7702 now allows regular wallet addresses to delegate smart contract code to execute operations, enabling features like batch transactions and gas fee payments.
This convenience comes with a caution: when signing, you need to clearly understand whether you are confirming a transaction or granting new execution permissions to your account.
The official Ethereum security guide explicitly warns that mistakenly delegating to a malicious contract could lead to your account assets being controlled.
On November 6, Uniswap Labs proposed a fix for the fee release mechanism on X Layer.
Originally, the protocol fees on X Layer have been accumulating normally, but due to cross-chain bridge compatibility issues, these fees could not be released properly, and the corresponding UNI has not yet been burned.
This means that the protocol's generated revenue may not all enter the burn process in a timely manner.
Now the team proposes to fix this with AggLayerReleaser, expected to enter Snapshot on or after November 13.
UNI's X Layer fee mechanism encountered a bridging compatibility issue.
Governance messages can be transmitted via the OP Stack message bridge, but UNI token transfers need to go through Agglayer. The original releaser did not adapt to this path, causing fees to accumulate and preventing their designed release and destruction.
On November 6, Uniswap Labs proposed a new contract fix, expected to enter Snapshot on or after November 13.
What’s worth watching next is the actual execution of transactions, not just the voting results.
Uniswap v4's protocol fees no longer set a fixed rate for all pools.
It introduces V4FeePolicy and V4FeeAdapter, which can apply different fee rules based on pool type, hooks, and other conditions.
This means that in the future, even with the same trading volume, different pools may contribute different fees to the protocol.
What I'm more curious about is: which types of v4 pools ultimately contribute the most protocol revenue?
This might be more worthwhile to study than simply focusing on how much UNI is burned daily.
South Korean exchange GOPAX suddenly suspended trading and deposits/withdrawals today, but the reason is not confirmed to be a theft.
On November 6, after receiving a hacker threat email, GOPAX took emergency measures:
• 14:55 KST, suspended regular deposits and withdrawals
• 15:53, suspended trading and canceled all open orders
• Transferred exchange assets to cold wallets
• No announcement yet on when trading will resume
According to South Korea's Kyunghyang Shinmun, GOPAX confirmed receiving the hacker threat email but stated that no actual attack or asset theft attempt has been detected so far.
There is a noteworthy point here:
The exchange proactively shut down, possibly to prevent a larger security incident; however, for users, being unable to trade or freely withdraw funds is itself a risk that needs attention.
Especially when funds are already deposited on the exchange, users cannot independently decide when liquidity will be restored.
Currently, there is no evidence proving that GOPAX experienced asset theft today, so the preventive shutdown should not be interpreted as a successful hacker attack.
If you use GOPAX, first verify the service status through official channels, do not continue transferring coins to addresses that may not credit properly, and do not trust urgent withdrawal links sent via private messages.
Reuters:
https://t.co/lPa4POtOsS
South Korea's Kyunghyang Shinmun:
https://t.co/G8U3A890CI
Seeing Uniswap's latest plan launched in November feels more noteworthy than simply announcing a new partnership.
The Uniswap Foundation Security Fund is now accepting a new round of applications. Eligible ecosystem projects can receive up to 100% subsidy for smart contract audit fees.
According to official disclosures, over 35 projects have been supported so far.
Initially, this plan focused on serving v4 Hooks developers, but now it also covers ecosystem projects like Trading API integration.
What’s interesting about this is that Uniswap is not only expanding product features but also trying to reduce the security costs for other teams using its infrastructure.
There are three notable changes in BSC's Jenner upgrade plan:
BEP-702: Introduces an asset standard supporting compliance control.
BEP-703: Reserves 5% block Gas by default for eligible payment transactions.
BEP-706: Allows smart contracts to read millisecond-level timestamps.
Looking at these three together, the direction is clear: besides improving performance, it is also laying the infrastructure for payments, tokenized assets, and more refined financial applications.
The plan is to activate on the mainnet on December 8, and it has not been executed yet.
