Giant Whales Transfer Stablecoins to Binance, Growth in Scale by 40%

Aave founder Stani Kulechov stated that the Safe module attack incident involved third-party external adapters, and the Aave v3 core contract was not affected. Previously, attackers exploited the FlashLoopAdapter vulnerability to steal 114.09 ETH (approximately $310000) from two Safe multi signature addresses and repay approximately 1300 WETH debts.

Aave founder Stani Kulechov stated that the third-party external adapter built on top of Aave v3 was utilized, and the Aave v3 contract itself was not affected. The FlashLoopAdapter involved in the Aave v3 Loop Safe module has open() and close() access control vulnerabilities. The attacker forged Safe authentication and executed arbitrary modules, stealing 114.09 ETH from two Safe multi signature addresses and repaying 1300 WETH debts to unlock collateral.

CryptoQuant analyst Darkfost stated that Whale, which holds a large amount of funds, is increasing its scale of transferring stablecoins to Binance. The cumulative inflow in 30 days has risen from $21.7 billion to $30.5 billion, an increase of over 40% compared to more than a month ago. The inflow of Giant Whale stablecoins once exceeded $61 billion at a high point in October, and the recent deployment of Giant Whale funds has been influenced by market expectations and macro environmental factors.

The US Commodity Futures Trading Commission submitted two proposed rules to the White House on September 28, intending to include event contracts in the definition of "swaps" and exclude casino style gambling products. The former rule will be publicly solicited for opinions, while the latter is a temporary final rule that is planned to take effect after publication and subsequently solicit opinions. Currently, the text of the rule has not been released yet. The definition of exchange is related to the jurisdictional dispute between the prediction market and state-level gambling regulatory agencies. The Sixth Circuit Court of Appeals recently ruled that Kalshi's sports contract does not constitute a swap. The Third Circuit Court supports Kalshi, the Ninth Circuit Court supports Nevada, and New Jersey has requested the United States Supreme Court to resolve the dispute between the circuit courts. (Source: Bitcoin.com News)

On chain analyst Darkfost stated that the scale of stablecoin inflows exceeding $1 million into Binance has increased recently, with a cumulative inflow of over $21.7 billion in 30 days increasing to $30.5 billion, an increase of over 40%. The inflow of stablecoins into exchanges corresponds to potential buying pressure, but the current deployment scale of funds by Giant Whale is lower than the $61 billion in October last year.