News

Foresight News reports that Cardano wallet service provider SecondFi has released an update on the progress of its security incident recovery. EMURGO has established an asset recovery fund to return assets to users affected by the attack. Currently, SecondFi has secured and made part of the assets accessible through emergency measures, and the team is discussing a suitable custody mechanism with Intersect to ensure safe returns. In addition, the team is working with a Cardano community-led working group to advance the on-chain recovery plan. As this plan is more complex than previously anticipated, the recovery timeline may exceed the originally estimated two weeks.

Golden Ten Data reported on June 30 that offshore RMB Hong Kong Interbank Offered Rate (CNH HIBOR) on Tuesday showed that most major term rates were adjusted. Among them, the overnight HIBOR fell by 2 basis points to 1.38364%, reaching a new low since June 8. The one-week HIBOR dropped by 7 basis points to 1.59742%, and the two-week HIBOR decreased by 5 basis points to 1.61636%, both hitting their lowest levels since June 22. The one-year HIBOR slightly rose to 1.75364%.

According to Odaily, monitoring by Lookonchain shows that two whales are currently shorting BTC with total positions exceeding 100 million US dollars. One whale is shorting 900 BTC with 40x leverage, for a short position of 53.69 million US dollars; the other is shorting 800.75 BTC with 20x leverage, for a short position of 47.76 million US dollars.