ETH falls below the $3100 mark

[SEI Chain Suffers $240,000 Flash Loan Attack Due to User Error Triggering Vulnerability] According to monitoring by BlockSec Phalcon, the attacker initiated a flash loan through the Synnax contract on the SEI chain, borrowing 1.96 million WSEI (approximately $240,000) without repayment. This attack was triggered by a user error three blocks prior, where address 0x9748…a714 mistakenly transferred funds into the contract, inadvertently providing financial support for the attack. The attack path involved transactions TX1 and TX2, highlighting that on-chain user errors can pose critical risk points in DeFi attacks.

[Zcash Foundation Statement: Network Decentralized Operations Unaffected] The Zcash Foundation has issued a statement regarding the news of the Electric Coin Company (ECC) team establishing a new Zcash company, reiterating that Zcash is a decentralized, open-source protocol not controlled by any single team or organization. The foundation stated that independent nodes worldwide maintain the network's operation, and the missions of protocol development, research funding, infrastructure, and decentralized governance will continue to advance. The foundation emphasized that organizational changes will not affect the operation of the Zcash mainnet, with block production and transaction processing functioning normally, ensuring the safety of user assets and privacy.

[South Korea Proposes Fines of Up to 10% of Stolen Amount for Hacked Crypto Exchanges] The South Korean Financial Services Commission (FSC) has drafted a new bill proposing fines of up to 10% of the stolen assets for cryptocurrency exchanges that fall victim to hacking incidents. The draft comes in the context of the $36 million hacking incident involving Upbit in November 2025. If the new regulation had been in effect at the time, the fine would have reached $3.6 million, far exceeding the current cap of $456,000. The FSC emphasized that exchanges must meet IT security standards equivalent to those of traditional financial institutions. Additionally, another proposal suggests fines of up to 3% of annual revenue, potentially reaching as high as $36 million. The direction of related regulatory legislation is still under discussion.

Michael Saylor stated that the era of global digital currencies has arrived and explained why everyone should buy Bitcoin. （The Bitcoin Historian）

[The 172nd Ethereum Consensus Layer Developer Meeting Completes Multiple Discussions] The 172nd Ethereum Consensus Layer Core Developer Meeting (ACDC) discussed the following topics: BPO2 successfully activated, Blob Target increased to 14, Limit increased to 21; EIP-8070 (Sparse Blob Pool) confirmed for inclusion in Glamsterdam; Hegota headline proposal process has been initiated, with a deadline of February 5.