Today’s Top Caps
BTC $89K (-3.3%)
ETH $3032 (-4%)
USDT $1
XRP $2.03 (-4%)
BNB $884 (-2.1%)
Source: Coinmarketcap
Today's Top Gainers
ZEC, MNT, TRX, PAXG, XAUt
Source: Coinmarketcap 24HR Top100
Top ETF Tracker
BTC -195M, ETH -41M
SOL +5M, XRP +13M
Source: Coinmarketcap / Coinglass
Today's Top Headlines
Another day.. another exploit. This time USPD.IO has announced they have suffered an attack with losses of around $100M.
“URGENT SECURITY ALERT: USPD PROTOCOL EXPLOIT”
“We have confirmed a critical exploit of the USPD protocol resulting in unauthorized minting and liquidity draining. Please DO NOT buy USPD. Revoke all approvals immediately.”
They go on to explain that “This was not a flaw in our smart contract logic. The USPD protocol underwent rigorous security audits by top-tier firms NethermindEth and Resonance. Our code is fully unit-tested and adheres to strict industry standards. The logic itself remains secure. Instead, we were targeted by the highly sophisticated "CPIMP" (Clandestine Proxy In the Middle of Proxy) attack vector. On Sept 16, during deployment, an attacker front-ran our proxy initialization via a `Multicall3` transaction, silently seizing admin rights before our script completed.” The attacker also used “shadow implementation that forwarded calls to our audited, legitimate code. Crucially, they utilized event payload manipulation and storage slot spoofing to trick etherscan into displaying the correct, audited contract as the implementation.”
The attacker then used their hidden access to upgrade the proxy, mint ~98M USPD, drain ~232 stETH.
“We are working closely with law enforcement and leading whitehat security groups. We have flagged the attacker's addresses with all major CEXs and DEXs to freeze the flow of funds.
We are willing to view this as a whitehat rescue. If you return the funds (minus a standard 10% bug bounty), we will cease all law enforcement actions and consider this matter resolved. Contact us immediately on any channel you wish, or simply return 90% of the funds to see the matter resolved.”
Source: USPD_io X
Due to another Cloudflare outage earlier today, half the internet including numerous cryptocurrency applications, centralized exchanges like Coinbase and Kraken, as well as the user interfaces of many DeFi protocols, experienced outages.
Source: Jenka
In a debate with PeterSchiff, cz_binance shares a story from a Binance user in Africa:
"Before crypto, before bitcoin, it takes him three days to pay a bill...now paying the bill is three minutes."
CZ also took out a Gold bar at the debate and asked Peter Schiff to verify if it was real gold or not, Peter then admitted that he couldn't. CZ then said that Bitcoin transactions are verified near instantly on the Blockchain while Gold still struggles with basic authentication.
Source: Coindesk X
COINBASE CEO: THE ENTIRE FINANCIAL SYSTEM IS GOING ON-CHAIN
Brian Armstrong says private companies are staying private longer, demand for capital keeps rising, and crypto is the tech that will modernize how money is raised -- just like it already reinvented payments. He says Coinbase is betting big on tokenization because every asset -- stocks, funds, private equity -- will eventually move on-chain. And Coinbase is already powering 80%+ of crypto ETFs, giving them front-row position to run the rails for tokenized markets.
And here’s the part the market should pay attention to: If the financial system moves on-chain, $ETH, $SOL, and #Base are the biggest winners -- the networks with the speed, liquidity, and developer base to actually host tokenized assets at scale.
Source: CryptosR_us X
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Anthony Pompliano says 100% of equity compensation for both the CEO (himself) and the Board of his new Bitcoin treasury company ProCap BTC will be tied to performance milestones. He makes no salary unless the stock price triples from here.
Source: BitcoinNewsCom X
Base launched its Solana bridge on mainnet, secured by Chainlink CCIP and Coinbase, enabling cross-chain asset trading and liquidity access between both networks.
Source: Cointelegraph X
MetaPlanet $MTPLF has rasied $50 million using Bitcoin as collateral to buy more BTC.
Source; BTCtreasuries X
This new ‘mood ring’ device connects to live Bitcoin market data and delivers haptic vibrating feedback as the price changes up and down. The company says it lets you “feel the market.”
Source: DocumentingBTC X
Until Next Time, Stay Frosty!
