⌐◪-◪ → Do not interact with any dApps until further notice! The attack this morning on Sushi is not an isolated attack, it’s a large scale attack on multiple dapps - including Revoke Cash.

The attack is related to Ledger’s ConnectKit, where an attacker injected wallet draining code. Here’s a succinct breakdown by the legendary 0xquit.

The ledger ecosystem has sadly become one of the biggest attack vectors for all of crypto - a staunch reminder that removing single points of failure is a way of life and neverending effort.

⌐◪-◪ → A new Vitalik (blog post) just dropped! In this post he discusses the concept of an "enshrined ZK-EVM" for Ethereum, addressing the reliance of Layer-2 protocols like ZK rollups on EVM verification’s large codebase.

This situation, he argues, is inefficient as it duplicates the Ethereum protocol's existing functions. He explores the idea of integrating ZK-EVM into Ethereum's main chain, analyzing various design approaches, trade-offs, and potential benefits.

This integration could streamline processes and leverage the increasing power of light clients, making Ethereum's network more efficient and secure.

⌐◪-◪ → 3 years ago, Michael Saylor said 3 catalysts would take Bitcoin to $5M, and this was one of them - fair value FASB accounting rules.

Previously, companies could only value their BTC at the lowest price since they bought it, which meant they would have to record losses, but not the gains when the price recovered.

This upgrade to accounting standards, in conjunction with BIS’ new 2% rule, will facilitate the adoption of BTC as a treasury reserve asset by corporations and central banks worldwide.