There has been a lot of activity in the Web3 market over the past 24 hours. WLFI has partnered with Dolomite to launch a lending service, marking another new attempt within the DeFi ecosystem. At the same time, traditional finance is also accelerating its布局—Standard Chartered Bank plans to venture into cryptocurrency brokerage services, aiming to carve out a share in this field.
Cross-chain infrastructure is undergoing iteration, with Temple announcing the launch of a cross-chain bridge solution. The Bitcoin ecosystem is also busy; BTQ Technologies has launched the Bitcoin Quantum Testnet to prepare for future quantum risks. However, security issues remain a constant threat—the SlowMist team discovered a security incident involving Truebit, which was caused by a lack of overflow protection in the contract, serving as a wake-up call for the entire industry.
There are also new developments at the policy level. Ukraine announced the banning of the prediction market platform Polymarket. Federal Reserve Chairman Powell expressed resistance to the U.S. Department of Justice’s criminal investigation. On the financing side, stablecoin infrastructure provider VelaFi completed a $20 million Series B funding round. Meanwhile, the pace of compliance is accelerating, with BitGo officially submitting an IPO application in the United States. The overall market shows deeper institutional participation, improved infrastructure, but also coexistence of risks and challenges.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
7
Repost
Share
Comment
0/400
MoonBoi42
· 01-14 03:53
Another day of news bombardment, but I just want to ask, how was the overflow vulnerability in Truebit not caught during auditing?
Is Standard Chartered trying to get a piece of the pie? Now traditional finance is really getting anxious.
BitGo IPO? This is truly the path to compliance.
Quantum testnets are now live, it feels like we are not far from the future.
Polymarket is banned in Ukraine, policies always lag behind the market.
DeFi lending products have been increasing over the past two years, I wonder how many will survive until next year.
That comment from Powell is interesting; what is the Department of Justice trying to do?
Security issues will always come first; no matter how much funding is raised, it’s all in vain.
VelaFi raised 20 million, the stablecoin sector is still burning money wildly.
With so many cross-chain bridge solutions, which one is the ultimate winner?
Institutional entry is a good thing, but the risks are indeed getting bigger.
View OriginalReply0
LeverageAddict
· 01-14 03:52
Once again, a contract bug caused the issue. These days, doing on-chain business is really not easy.
Traditional Finance has finally lost patience; even Standard Chartered has come in, indicating that this lucrative market is indeed attractive.
The suspension of Polymarket feels like just the beginning; more policies will follow.
BitGo's move to go public was well executed; compliance is the key to long-term viability.
The quantum testnet has been overhyped; the reality is still far behind.
The WLFI lending combo isn't anything new; it's just the old DeFi routine.
Institutions rush ahead, retail investors take the fall—when will this cycle be broken?
Security audits need to be thorough; otherwise, the next Truebit could be your protocol.
View OriginalReply0
LonelyAnchorman
· 01-14 03:52
Is Standard Chartered coming in to buy the dip? Traditional finance is really getting anxious. Can this round of entry stabilize the market?
Truebit's failure should serve as a lesson; they even missed overflow protection. How can they claim it's safe?
BitGo is preparing for an IPO, and institutions are taking it more seriously, but the Polymarket ban is quite interesting.
Whether Temple's cross-chain solution is reliable depends on its future performance.
Quantum testnet should have been launched long ago; Bitcoin also needs to plan ahead.
View OriginalReply0
MEVictim
· 01-14 03:52
Standard Chartered's entry is really hard to understand. Does traditional finance truly have confidence, or are they just trying to buy the dip?
---
The occurrence of such basic errors like contract overflow—Truebit, that's a bit careless.
---
With Polymarket being shut down, does this mean prediction markets are among the earliest sectors to be cut?
---
BitGo going public? Is industry compliance really coming, or is this just another hype?
---
Quantum testnets sound impressive, but compared to the current smart contract bugs, they seem a bit… distant.
---
WLFI and Dolomite teaming up for lending—DeFi is about to get competitive again.
---
Policies are banning in waves, yet institutions are rushing in madly. This logic is a bit strange.
View OriginalReply0
bridge_anxiety
· 01-14 03:50
Security vulnerabilities one after another, is DeFi really so vulnerable...
Traditional finance is moving in to take over, are we still fixing bugs?
A contract can fail just because it lacks overflow protection, how unprofessional is that?
With quantum computing coming, will Bitcoin also die? I'm getting more and more scared.
Is it good or bad that Standard Chartered is entering the market? Something feels off.
Does increased institutional participation actually increase risk?
The IPO application is so fast, is there really no problem with BitGo?
More and more cross-chain bridges, are hackers also getting excited?
Another lending service is coming, could this be the next story of a collapse?
View OriginalReply0
CryptoMotivator
· 01-14 03:50
Big banks are all rushing in, is this seriousness or just testing the waters?
---
Another security vulnerability, contracts really need to be more careful
---
Polymarket has been shut down, the policy game is getting tighter and tighter
---
What does Standard Chartered's entry mean? Traditional finance really can't sit still
---
The quantum testnet setup, feels like we need to wait a bit longer
---
Funding rounds keep coming, money is still flowing into leading projects
---
A bunch of cross-chain solutions, how many are truly reliable?
---
Security issues are so serious now, only true warriors dare to rush in
---
BitGo plans to go public, this is taking the正规军 route
---
Claiming infrastructure is complete is a lie, there are still piles of pitfalls
View OriginalReply0
FarmToRiches
· 01-14 03:41
It's the old problem of BTC wallet overflow again. When will the industry learn its lesson?
---
Standard Chartered is here too. Is traditional finance scared or has it really found a way to make money?
---
Stablecoin financing is crazy. VelaFi raised twenty dollars, when will the Bitcoin ecosystem also start attracting such funds?
---
The story about Polymarket being shut down is interesting. Prediction markets are really a hot potato in the eyes of the government.
---
Another cross-chain solution? With so many bridges, it feels like hardly anyone is using them.
---
BitGo is going for an IPO. Finally, someone is leading the way in compliance and taking the plunge.
---
Quantum testnets are a bit strained. When that day comes, Bitcoin will realize it’s not wearing any clothes.
---
This is how institutional entry looks—many new features go live, and at the same time, a bunch of bugs are exposed.
There has been a lot of activity in the Web3 market over the past 24 hours. WLFI has partnered with Dolomite to launch a lending service, marking another new attempt within the DeFi ecosystem. At the same time, traditional finance is also accelerating its布局—Standard Chartered Bank plans to venture into cryptocurrency brokerage services, aiming to carve out a share in this field.
Cross-chain infrastructure is undergoing iteration, with Temple announcing the launch of a cross-chain bridge solution. The Bitcoin ecosystem is also busy; BTQ Technologies has launched the Bitcoin Quantum Testnet to prepare for future quantum risks. However, security issues remain a constant threat—the SlowMist team discovered a security incident involving Truebit, which was caused by a lack of overflow protection in the contract, serving as a wake-up call for the entire industry.
There are also new developments at the policy level. Ukraine announced the banning of the prediction market platform Polymarket. Federal Reserve Chairman Powell expressed resistance to the U.S. Department of Justice’s criminal investigation. On the financing side, stablecoin infrastructure provider VelaFi completed a $20 million Series B funding round. Meanwhile, the pace of compliance is accelerating, with BitGo officially submitting an IPO application in the United States. The overall market shows deeper institutional participation, improved infrastructure, but also coexistence of risks and challenges.