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Crypto Market Sees Broad Decline, Meme Sector Down Nearly 4%, Only SocialFi Sector Remains Relatively Resilient
Odaily Report: According to SoSoValue data, the crypto market overall shows a volatile downward trend, with the Meme sector down 3.77% over 24 hours. Within the sector, Pepe (PEPE) fell 16.97%, while Useless Coin (USELESS) and Bonk (BONK) dropped 7.86% and 4.90% respectively.In other sectors, the CeFi sector declined 0.25%, but Cronos (CRO) rose 3.60%; the Layer1 sector fell 0.88%, with NEAR Protocol (NEAR) down 1.99%; the PayFi sector dropped 1.17%, with Zcash (ZEC) down 3.38%; the DeFi sector declined 2.43%, with Uniswap (UNI) down 9.41%; the Layer2 sector fell 2.95%, with Arbitrum (ARB) down 8.63%.Additionally, only the SocialFi sector remained relatively resilient, rising 4.50% over 24 hours. Within the sector, Gram (GRAM) gained 5.56%.Crypto sector indices reflecting historical sector performance show that the ssiSocialFi, ssiMeme, and ssiRWA indices rose 4.74%, fell 4.23%, and fell 3.91% respectively.
Scroll Emergency Fixes Ethereum Mainnet Proof Verifier Vulnerability, Says Exploit Not Used
Odaily: Scroll has stated that on November 3, it received a bug bounty report indicating a vulnerability in the Bundle proof verifier deployed on the Ethereum mainnet, and on November 10, it registered a fixed verifier for Batch Version 10. Scroll confirmed that the vulnerability was not exploited on the mainnet.It is reported that the vulnerability could have allowed old valid proofs to be used for new public inputs, thereby enabling an attacker to ultimately finalize arbitrary state roots and withdrawal roots. Exploiting the vulnerability would require obtaining the permissioned prover role, or the forced batch mode that is enabled after 7 consecutive days without finalization.Scroll stated that forced mode was never enabled, all 748 finalizations during the period the vulnerability existed were completed using normal proofs, and earlier versions of the verifier were not affected.
The system has fully recovered, and Across plans to fully compensate affected users
According to Across monitoring, after shutting down its website earlier today, the Across system has fully recovered. Across stated that its domain registrar suffered a social engineering attack, which caused the official domain to become a phishing website, and it plans to fully compensate all affected users.
Across: Domain hijacked via social engineering attack, frontend and API services temporarily offline
Odaily reports: Across officially posted on X platform stating that at approximately 18:45 UTC, attackers gained control of the Across domain through a social engineering attack targeting domain registrar Namecheap. The team received alerts within 15 minutes of the attack and took action. SEAL911 subsequently flagged across.to as a phishing site, and Cloudflare assisted in removing the website's DNS records. Currently, across.to has been completely taken offline, and the phishing site is no longer accessible.Across stated that during the brief window before Cloudflare fully blocked the malicious website, some users who visited across.to may have been affected, but third-party integration services and API users were not impacted. Since domain registrar Namecheap has not yet responded, the team is still unable to fully ensure domain security, and Across frontend and API services will remain suspended until the security issue is resolved. The team will further investigate this domain hijacking incident and publish a post-mortem report once more information is available.
Compound to Shut Down USDC Market on Scroll, Outstanding Loans to Be Liquidated in Coming Weeks
Odaily: Compound Foundation posted on X that the USDC market deployed by Compound on Scroll is about to be closed, after Scroll had asked users to address their DeFi positions. Compound reminds users who still have outstanding borrowings to repay their loans as soon as possible; in the coming weeks, all outstanding loans will face liquidation.
Crypto Market Sectors Fall Across the Board, DePIN Sector Drops Over 7%
Odaily: On November 6, according to SoSoValue data, crypto market sectors fell across the board. The DePIN sector dropped 7.31% in 24 hours, with Grass (GRASS) down 14.32%, Filecoin (FIL) down 8.47%, and Render (RENDER) down 5.72%. Bitcoin (BTC) fell 5.66%, dropping to the $76,000 mark; Ethereum (ETH) fell 7.71%, breaking below $2,300.In other sectors, the CeFi sector dropped 3.63% in 24 hours, with Cronos (CRO) down 6.22%; the Layer1 sector fell 4.06%, with NEAR Protocol (NEAR) down 8.23% and Injective (INJ) up 2.94%; the PayFi sector fell 5.07%, with XRP down 7.19%; the Layer2 sector fell 5.10%, with Mantle (MNT) down 8.79%; the Meme sector fell 5.88%, with SPX6900 (SPX) down 9.72%; the DeFi sector fell 6.45%, with Ethena (ENA) down 10.58%.Among the crypto sector indices reflecting historical sector performance, the ssiDePIN, ssiRWA, and ssiDeFi indices fell 7.24%, 7.17%, and 6.74%, respectively.
Crypto market sectors broadly rebound, DePIN sector up 5.79%, BTC breaks $80,000
Odaily Report: On November 5, according to SoSoValue data, crypto market sectors broadly rebounded. The DePIN sector rose 5.79% in 24 hours, with Aethir (ATH) up 9.91% and Render (RENDER) up 9.23%. Bitcoin (BTC) rose 4.94%, breaking $80,000; Ethereum (ETH) rose 7.21%, breaking $2,400. MAG7.ssi rose 4.37%, DEFI.ssi rose 4.11%, and MEME.ssi rose 3.54%.In other sectors, the RWA sector rose 5.47%, with Ondo Finance (ONDO) up 7.25%; the Layer2 sector rose 5.28%, with Stacks (STX) up 11.31%; the PayFi sector rose 4.89%, with Dash (DASH) up 8.99%; the DeFi sector rose 3.97%, with Raydium (RAY) up 17.73%; the Layer1 sector rose 3.74%, with Injective (INJ) up 12.41%; the CeFi sector rose 3.67%, with Cronos (CRO) up 5.21%; the Meme sector rose 3.11%, with Useless Coin (USELESS) up 14.01%. Crypto sector indices reflecting historical sector performance showed that the ssiDePIN, ssiRWA, and ssiLayer2 indices rose 6.29%, 5.79%, and 5.74%, respectively.
Scroll plans to pivot to a privacy-focused AI application-specific network and migrate SCR to Ethereum mainnet
Odaily: A protocol upgrade proposal has appeared on the Scroll DAO forum, seeking to transform Scroll into a permissioned application-specific network focused on privacy AI and to migrate SCR to Ethereum mainnet. The proposal states that, if approved, the Scroll Foundation will lead the network upgrade and asset migration. The new network will serve an integrated AI product stack including Compass, Compass API, CENO, USX, and SCR, with a focus on privacy AI interactions, secure credentials, agent workflows, payments, and compute coordination. The SCR supply and overall tokenomics will remain unchanged, and SCR will continue to serve a governance function; governance scope is proposed to extend to core USX parameters, and SCR may also serve as collateral for certain high-risk commitments and validators.
Cross River to Bring Tokenized Lending Platform to Arbitrum One
Odaily reports that Arbitrum announced on X that Cross River will bring its tokenized lending platform to Arbitrum One. At launch, Arbitrum One will provide infrastructure for loan tokenization and servicing, ZeroDev's embedded wallet solution will support the customer experience, and Offchain's enterprise services team will handle architecture design. Arbitrum stated that making the lending process programmable will lay the foundation for easier loan transfers and new financing opportunities.
Scroll Launches Position Query Tool to Help Users Prepare for Network Transition
Odaily: Scroll officially announced that users can check their token and DeFi positions through the position query tool to prepare for the upcoming network transition. The official bridge will continue to support transfers between Scroll and Ethereum. Users need to individually close or manage their DeFi positions before the transition, and all withdrawals must be signed by the user's own wallet. The transition date has not yet been finalized, and the team will announce more details as soon as possible.
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