News

BlockBeats News, July 2nd, the a16z-backed stablecoin protocol Reflect announced a voluntary recovery plan for USDC+ holders affected by the Drift (now Velocity) April hack: starting today, a 180-day window is open for holders to voluntarily sell their positions to Palindrome Engineering at a price of 0.20 USDC + 80 Reflect Credit (RC) per unit, with full on-chain settlement. This plan, funded upfront by Palindrome, is completely separate from the Drift recovery process. Participation entails waiving any claims against Drift in exchange for immediate settlement liquidity; non-participants can still support Drift's DFX recovery channel.

According to Lookonchain monitoring, today the net outflow from US Bitcoin ETFs was 6,165 BTC, with a 7-day net outflow of 32,807 BTC; Ethereum ETF net inflow was 21,568 ETH today, with a 7-day net outflow of 54,411 ETH.

Foresight News reports that the fully homomorphic encryption FHE Layer 2 project Fhenix has announced the acquisition of FHE infrastructure company Sunscreen, with the specific acquisition amount undisclosed. Sunscreen founder Ravital Solomon has joined Fhenix as Head of Research. Fhenix stated that this acquisition is expected to enhance its research and development capabilities in the field of on-chain privacy computing.Sunscreen focuses on applying fully homomorphic encryption technology to the blockchain sector and is one of the early explorers in this field. It has also developed advanced compiler technology within the ecosystem, aiming to lower the threshold for developers to use encrypted computation.