South Korea Raises Rates for First Time Since 2023, Pressuring Crypto Risk Appetite

The Bank of Korea raised its benchmark interest rate by 25 basis points to 2.75%, its first increase since January 2023, matching market expectations after 36 of 37 economists surveyed by Reuters predicted the move. South Korea is one of the world’s most active retail crypto markets, and the shift from monetary easing to tightening could further cool speculative demand for crypto and other risk assets, leaving the market more dependent on global liquidity and institutional capital. — link

results of the competition are out

congrats to all winners and thank you all for participating!

https://x.com/elfa_ai/status/2078010823134581228?s=20

ACROSS PROTOCOL SUFFERS SOLANA EXPLOIT, USER FUNDS UNAFFECTED AS ONLY RISK LABS RELAYER FUNDS POTENTIALLY LOST

SOURCE

$SPCX - SPACEX PLUNGES FROM PEAK

SpaceX shares fell 4.6% on Friday, extending a sharp slide that has erased more than $1 trillion in market value since June. The stock is now below its IPO price after a Starship launch was aborted because of an engine issue. Despite the setback, the company recently joined the Nasdaq-100 and analysts still see strong upside.

If you’d like, I can also make it sound more breaking-news, financial, or social-media style.
(@WalterBloomberg)

gm,

a friend just got hacked for over $200k recently and the hacker just shifted funds on Solana

if anyone is a good sleuth and willing to help him look into it, please dm him

he is willing to offer 10% of the hacked funds as bounty

@rokudomokuro

all help appreciated

edit: he has removed his dm wall

OSTIUM SAYS LP VAULT LOST $23.8 MILLION IN OFF-CHAIN PRICE FEED EXPLOIT

• Attacker compromised off-chain architecture
• Trader collateral and open positions were unaffected
• Trading contracts remain frozen pending infrastructure hardening
• 24 hours’ notice before reopening

SOURCE

HYPERLIQUID MONTHLY PERP VOLUME REACHES RECORD 16.5% OF BINANCE VOLUME

SOURCE

THE US IS RUSHING ADDITIONAL ADVANCED WARPLANES AND SUPPORT ASSETS TO THE MIDDLE EAST, AMERICAN OFFICIALS SAY, SIGNALING THE TRUMP ADMINISTRATION IS PREPARING TO SIGNIFICANTLY ESCALATE ITS AIR CAMPAIGN AGAINST IRAN - NYT

HIP-4 (outcome markets) will support permissionless deployment in a future network upgrade, first on testnet and then on mainnet. As with spot and perp deployments, the technology for outcome markets required sufficient battle testing in a validator-deployed setting before scaling to permissionless deployment.

Permissionless deployments are especially important for the growth of outcome markets. The possible universe of tradeable outcomes is vast. The number of suitable discrete events for outcomes dwarfs the number of underlying assets for perps and spot tokenization.

To ensure markets are high quality and well defined, validators will vote on outcome templates, which HIP-4 deployers will be able to use as the basis for permissionless deployments. The specifications for the templates will be stored and enforced onchain. The set of templates will reflect outcomes that correspond to events with sufficient liquidity and interest. Templates will be constrained by validator vote to be healthy and unambiguous public goods for the ecosystem. Each HIP-4 deployer will be able to instantiate any template in their deployments. Deployers are responsible for defining and settling each market in accordance with the settlement criteria specified in the template’s instantiation. There is no restriction against multiple deployers deploying the exact same template instantiations.

Canonical markets may still be deployed directly by validators from time to time, but these are expected to be rare. These canonical markets will be determined by validator vote, and ideally will represent fewer than 10 outcomes or questions per year.

The staking requirement for HIP-4 deployers will be 500k HYPE. The staking requirement is subject to slashing by validator vote in case markets are poorly defined, settled incorrectly according to the template, or remain incorrectly unsettled for more than 1 week. As with HIP-3, deployer stake is locked for 6 months. To unstake, a deployer must settle all markets. Therefore, particular consideration should be given to very long dated outcomes. Initially, each deployer will have an allocation of 100 outcomes (200 outcome tokens). Multi-outcome questions may consume multiple allocated outcomes. When an outcome is settled, its allocation is freed and can be reused. An auction mechanism to expand the allocation per deployer will be introduced as a follow-up feature.

HIP-4 deployers will be able to set up to 50% fee share on their deployed markets. Fee configurability will be released as a follow-up feature. As previously announced, only AQAv2 quote tokens are eligible for HIP-4.

All specifications described above are preliminary and subject to change based on feedback. A future announcement will be made once permissionless deployment is available on testnet and the Docs are updated.

ps for the repost, share this updated ver w your FE friends!

https://x.com/elfa_ai/status/2079094503932318011