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  • 19:03
    Sky Co-founder: Will provide crypto derivatives expansion opportunities for USDH, offering higher returns for holders
    BlockBeats News, on September 9, Sky co-founder Rune stated at the "USDH Stablecoin Roundtable" hosted by Hyperliquid that Sky has gone through multiple development stages and has already achieved self-decentralization. Projects built on Sky compete and collaborate with each other to deploy collateral asset portfolios in the best way, providing better returns for stablecoin holders, while also bringing higher profits to the Hyperliquid ecosystem. The big dream and vision of the early Web3 era was to break free from centralized exchanges and truly realize decentralization, and this moment is about to arrive. As Hyperliquid drives the power of decentralized stablecoins, we hope to participate. Sky will provide scale network effects and technical support, bringing exponential growth in returns. Sky and Hyperliquid are among the few truly successful decentralized projects, and it would be exciting if cooperation could be achieved through USDH. Sky's core business is credit-enhanced lending. Sky has the opportunity to deploy Hyperliquid ecosystem assets into derivatives, spot leverage, or other scalable opportunities. BlockBeats previously reported that last Friday Hyperliquid announced the launch of a "Hyperliquid-first, Hyperliquid-aligned, and compliant USD stablecoin," and reserved the USDH token code for this purpose. Subsequently, several stablecoin issuers, including Paxos, Frax Finance, Ethena Labs, and Agora, have quickly entered the competition for the right to issue the USDH stablecoin.
  • 19:03
    Security Alert: Another well-known developer's NPM account has been compromised and injected with wallet-stealing malware
    BlockBeats News, on September 9, according to Socket monitoring, the ongoing NPM supply chain attack has spread from the well-known developer Qix to another high-profile maintainer. The NPM account duckdb_admin, responsible for DuckDB-related packages, has been compromised, and multiple malicious versions have been published. The injected code is the same wallet-stealing malware used during the Qix account breach, strongly indicating that both incidents are part of the same attack operation. As previously reported, the Ledger CTO stated that a large-scale supply chain attack has occurred, and the entire JavaScript ecosystem could be at risk. However, the NPM attackers did not succeed, and there were almost no victims.
  • 19:02
    Sky Co-founder: USDH Should Be Fully Decentralized at First, Then Make Necessary Adjustments to Pursue Compliance
    BlockBeats News, on September 9, Sky co-founder Rune stated at the "USDH Stablecoin Roundtable" hosted by Hyperliquid that decentralization is the original intention for our participation in cryptocurrency. The fact that traditional financial systems are beginning to accept and embrace cryptocurrency by providing licenses and compliance mechanisms serves as a great bridge. We need to advance in a way that neither abandons the core advantages of decentralization nor loses the original characteristics of cryptocurrency. The approach that Sky provides to the HyperLiquid community for USDH is to initially launch a fully decentralized stablecoin. The design of decentralized stablecoins naturally comes with many protective mechanisms, which can prevent issues such as corruption or incompetence that may arise from centralized issuers, thus users are already equipped with out-of-the-box protection. However, it is clear that regulatory approval and additional clarity are still needed, which are very beneficial for meeting regulatory frameworks. Sky will let the community decide for itself how to balance between decentralization and compliance. It is entirely possible to make necessary adjustments on highly decentralized infrastructure to meet regulatory requirements. As previously reported by BlockBeats, last Friday Hyperliquid announced the launch of a "Hyperliquid-prioritized, Hyperliquid-concept-compliant USD stablecoin," and reserved the USDH token code for this purpose. Subsequently, several stablecoin issuers, including Paxos, Frax Finance, Ethena Labs, and Agora, have quickly joined the competition for the issuance rights of the USDH stablecoin.
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