At the recent Web3 roundtable discussion hosted by Aquarius Fund, industry professionals explored the development of the Sui Blockchain and its ecological layout. Sui is set to launch a new Consensus Mechanism and game console, attracting several innovative projects. Attendees believe that the current Blockchain faces challenges of Liquidity and insufficient application scenarios, and gaming can drive mass adoption. Looking ahead, Sui plans to introduce a new stablecoin and more user-friendly applications to attract mainstream users.

The latest monitoring shows that investor James Wynn's long positions in Bitcoin and PEPE tokens have been partially liquidated. Nevertheless, he still holds $28 million in Bitcoin and $6 million in long positions of PEPE, reflecting his confidence in the crypto market.

The chain reaction triggered by the GALA incident: a Crisis of Confidence from 400,000 to 250 million dollars.
Recently, the cryptocurrency industry was shaken by a "white hat attack" that originated from the pNetwork project team, which ultimately evolved into a Crisis of Confidence for a well-known trading platform, embroiled in at least $250 million. This series of events not only exposed potential risks within the DeFi ecosystem but also raised questions about the management capabilities of centralized exchanges.
The trigger for the event was pNetwork's decision to issue 55.6 billion pGALA tokens in order to recover about $400,000 of liquidity pool funds. However, this action was implemented without adequately notifying the relevant trading platforms, resulting in a large amount of GALA being deposited into a certain trading platform and quickly sold off. Some investors seized the opportunity to arbitrage, while others unknowingly purchased these devalued pGALA tokens.
pNet

Poly Network recently suffered a hacker attack, where the attacker cleverly constructed data to modify the contract's keeper address, resulting in fund theft. This incident highlights the importance of permission management and function call security in the design of smart contracts.

Since the U.S. presidential election, hedge funds have faced losses exceeding $5.2 billion due to shorting TSL, with Musk's special relationship with the new president considered a significant factor. This situation has sparked widespread discussions on hedge fund investment strategies and Risk Management.