GM Digest #422 — We Are So Back
Good Morning with Valuable Alpha / News
BingX $43m Exploited
• BingX, Singapore-based Centralized Exchange was exploited for over $43m
• The 2 hot wallets of BingX were drained — Totally 396 tokens / coins (worth ~$43.3M) were transferred from BingX to 2 other wallets 0x940 and 0xF7E according to @OnchainDataNerd
Introducing Semantic Layer
• @SemanticLayer introduces programmable transactions that allow dApps and users to control how their transactions are sequenced, reclaiming MEV revenue
• Usually block builders control transaction sequencing, enabling MEV strategies like front-running that harm users and divert revenue from dApps
• The MEGA TX standard, inspired by DEX models like Uniswap X, empowers dApps with sovereignty over transaction sequencing
Hyperlane Live on Solana
• @hyperlane is now live on @Solana and @EclipseFND, enabling interoperability for Solana Virtual Machine (SVM) chains
• Eclipse, the first SVM chain outside of Solana and an Ethereum Layer 2, offers faster transaction speeds and connects to Ethereum’s liquidity
• The bridge supports assets like SOL, USDC, and WIF between Solana, Ethereum, and Eclipse
• Future plans include supporting more assets for Eclipse and cross-chain apps within the Hyperlane network
Liquity v2
• @LiquityProtocol V2 introduces the BOLD standard, offering a CDP and stablecoin $BOLD that is directly redeemable for the underlying collateral without intermediaries
• The protocol is immutable, meaning no one can change the rules or limit access
• Additionally, Liquity V2 passes 100% of the borrower's interest directly to BOLD holders, eliminating middlemen, DAOs, or governance structures
• This system aims to create an efficient, market-driven solution where borrowers and holders interact directly
Filament Raise
• @FilamentFinance raised $1.1M in seed funding, led by LIF with participation from Halo Capital and Spyre Group, to develop a dApp for on-chain derivatives
• The goal is to launch a comprehensive trading platform, including perpetual futures and specialized clients for memecoins, prediction markets, and sports derivatives
Misc News
• @vertex_protocol now live on @base
• @revertfinance launches Revert Lend allowing for collateralized LP positions
• According to the Block, Web3 auditing firm CertiK’s new venture arm plans to invest in two new free security products designed to safeguard user’s assets ****