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.

Odaily reported: On-chain analyst Aunt Ai posted that a certain whale redeemed assets from Compound during this morning's decline, then sold 1,470 ETH (worth $3.31 million), 63.46 WBTC, and cbBTC (worth $4.868 million) on-chain. This address had previously been inactive for 22 days.

Odaily reports: According to Arkham monitoring, a wallet associated with Compound co-founder Robert Leshner added 40,000 COMP tokens approximately 1 hour ago through Genesis Trading and another unknown address, valued at nearly $900,000. As of now, the wallet holds approximately 55,000 COMP, with total holdings rising to nearly $1.2 million.Robert Leshner transferred 15,000 COMP to this wallet two years ago. Over the past two years, despite COMP's price dropping by more than 50% at one point, the wallet has not sold any tokens.

Odaily Report: According to SoSoValue data, the crypto market sectors are broadly showing gains overall, with the DeFi sector performing strongly, up 4.38% in 24 hours. Among them, Convex Finance (CVX) rose 22.23%, and Compound (COMP) rose 21.82%. Meanwhile, Bitcoin (BTC) rose 1.77%, breaking through $83,000; Ethereum (ETH) rose 2.64%, breaking through $2,400.Notably, MAG7.ssi rose 1.81%, DEFI.ssi rose 3.42%, and MEME.ssi rose 4.29%.In other sectors, the RWA sector rose 5.93% in 24 hours, with Sky (SKY) up 7.74%; the NFT sector rose 5.69%, with Pudgy Penguins (PENGU) up 5.90%; the Meme sector rose 4.89%, with Cash Cat (CASHCAT) up 14.32%; the PayFi sector rose 3.88%, with Zcash (ZEC) up 11.17%; the Layer1 sector rose 2.85%, with Injective (INJ) up 9.81%; the CeFi sector rose 1.93%, with Gate (GT) up 3.65%; the Layer2 sector rose 1.15%, with Optimism (OP) up 5.18%.Crypto sector indices reflecting historical sector performance show that the ssiRWA, ssiAI, and ssiMeme indices rose 6.00%, 4.78%, and 4.36%, respectively.

Odaily reports that community member ugurmersin has proposed an alternative to Proposal 613, suggesting that custody of the Ecosystem Protection and Continuity Fund (EPCF) and mainnet Chainlink SVR revenue be transferred from the Safe controlled by the Compound Foundation to a Community Multisig, adopting a 9-party 5/9 multisig mechanism. The proposal does not advocate shutting down the EPCF, but rather preserving its purpose, size, 48-month term, and emergency fund deployment capability.As of October 8, the EPCF held 500,000 USDC and 4.5834 million USDC deposited in cUSDCv3, while mainnet Chainlink SVR revenue held 355.95 ETH. The proposal states that the original Proposal 613 had planned to shut down the EPCF and transfer the funds to the Governor Timelock, and was canceled by the Proposal Guardian on October 7.

Odaily News: According to monitoring by ugurmersin, the Compound Foundation has been accused of improperly using the v2 DAI reserve. Proposal 536 in February placed 8.42 million DAI of DAO reserves under the Foundation's management, with the funds restricted to supporting protocol operations only and prohibited from being used for discretionary trading or speculative activities, and the funds fully owned by the DAO and not to be used to fund the Foundation's specific operations. On-chain records show that the DAI was transferred to an exchange and converted into 344,780 COMP, which was delegated to the Foundation's own voting address; 58 minutes before the deadlines of Proposals 580 and 582, the relevant COMP was transferred back. Through this, the Foundation gained voting power, pushed to place almost all DAO funds under TMC management, and passed the $52 million V4 plan; the Foundation is one of the TMC signers.

Odaily News: CZ reposted on X the summary by Compound's founder regarding the CLARITY Act's failure to pass the Senate procedural vote, and stated that if there is one positive aspect, it is that stablecoins can still continue to offer yields.CZ said that setbacks are always encountered along the way, but technological progress will continue. "Keep moving forward."

Odaily News: An address labeled as Bofur Capital fell victim to an address poisoning attack after withdrawing funds from Compound, resulting in losses of approximately $2 million. The phishing attacker sent a dust transaction of 0.0002 USDC, spoofing a similar address. When the victim copied and pasted, they mistakenly used the wrong address, leading to the theft of their funds. The stolen assets have been exchanged for approximately 2 million DAI.

Odaily News, August 18 - According to SoSoValue data, the crypto market showed mixed performance across sectors. Bitcoin (BTC) rose 1.57%, breaking above $64,000; Ethereum (ETH) rose 0.42%, breaking above $1,900. The DeFi sector performed notably, rising 1.06% in 24 hours, with Compound (COMP) up 8.92%, Morpho Token (MORPHO) up 5.30%, and Hyperliquid (HYPE) up 1.41%.In other sectors, the Layer1 sector rose 0.47% in 24 hours, with Zcash (ZEC) up 4.15%; the Layer2 sector rose 0.46%, with Polygon (ex-MATIC) (POL) up 6.29%; the Meme sector rose 0.18%, with PIPPIN (PIPPIN) surging 16.38%; the PayFi sector rose 0.01%, with SafePal (SFP) up 2.45%.Additionally, the CeFi sector fell 0.13%, with OKB down 5.06%; the AI sector fell 3.42%, with Worldcoin (WLD) down 7.54% and Velvet (VELVET) plunging 43.90%.The crypto sector indices tracking historical performance show that the ssiMAG7, ssiDeFi, and ssiNFT indices rose 1.43%, 1.06%, and 0.96%, respectively.

Odaily News: Decentralized lending protocol Compound Finance has completed a leadership overhaul and approved a record $52 million budget. The protocol's total value locked has fallen from a peak of $12 billion in 2021 to $1.2 billion, and it is now seeking to restore growth. Compound Finance is pivoting to serve institutional clients, developing real-world asset products, partner integration solutions, and credit infrastructure to meet the compliance and technical standards of traditional finance. Industry executives say Compound Finance's new leadership team and substantial budget align with the broader shift within the decentralized finance sector toward serving financial institutions. The sector's overall assets had previously declined due to market weakness and security breach incidents. (CoinDesk)