Express News | Lido Discloses Lido Lend Market, Pending DAO Vote

On October 7, according to disclosures on the Lido governance forum, Lido contributors are developing a decentralized lending market called Lido Lend. Built on a modified fork of Morpho Blue, the platform prioritizes security. The market is designed around isolated lending pools and is intended to be governed by the Lido DAO, pending approval through a governance vote. Lido stated that the market will be restricted to blue-chip assets, encourage price-correlated trading pairs (such as stETH/ETH), and provide deposit screening mechanisms to mitigate risks from substandard collateral. Lido emphasized that Lido Lend is not a general-purpose pooled lending solution, but rather a high-security offering tailored for professional borrowers and risk-averse lenders, serving as a complement to existing markets. Lido noted that the total value of stETH staking exceeds $25 billion, with no major security incidents reported since its launch.

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Ethereum's Glamsterdam Test Runs Near 200 Million Gas per Block After Upgrade

The Sepolia rehearsal has raised its processing budget more than threefold, but sampled blocks used less than half that allowance.

CoinDesk12:23

Express News | Golden Midday Report | Overview of Key Developments at Noon on October 8

7:00-12:00 Keywords: Ethereum, Vitalik, Wells Fargo & Co 1. Ethereum researcher calls on crypto industry to prepare for "bunker mode"; 2. US media: US military has been ordered to prepare for resuming strikes against Iran; 3. Uranium Finance hacker found guilty, faces up to 20 years in prison; 4. Wells Fargo & Co plans to discuss crypto trading liquidity cooperation with Kraken's parent company, Payward; 5. Sui is integrating with Samsung Wallet, enabling USDC transfers on 82 million Galaxy devices in the US; 6. Vitalik: AI may impact post-quantum cryptography security within two years, but users are advised against hastily transferring assets; 7. The US government continued transferring large amounts of crypto assets in the early morning, cumulatively moving tokens worth $670 million over nearly 32 hours.

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Bitcoin Breaks Below $83,000 as Oil Jumps on Iran Strike-plan Report

Bitcoin has slipped under a level FxPro says opens a "quick path to $80,000." Brent crude climbed above $102 and pushed Treasury yields back toward their highest since 2002.

CoinDesk12:00

Express News | Ethereum Researcher Urges Crypto Industry to Prepare for "Bunker Mode"

On October 8, Cointelegraph reported that Ethereum researcher Justin Drake urged the industry to prepare for "bunker mode," recommending that users gradually migrate their assets to new addresses. In a post on X on Wednesday, he stated that recent breakthroughs in AI-driven mathematics mean that "ECDSA could be broken before Quantum Day, with the worst-case scenario being months rather than years." Drake indicated that large and mature holders should lead the migration effort and, after signing transactions, move remaining funds to new addresses—since new addresses hide public keys via hashing, thereby reducing the attack surface that requires knowledge of the public key. He emphasized that migration must be gradual and carefully managed, noting that "hasty migration does more harm than good." This warning comes against the backdrop of OpenAI releasing hundreds of new mathematical findings on Tuesday.

Latest11:45

Express News | Legacy MakerDAO Auction Contract Exploited; 200 ETH Stolen

On October 8, Protos reported that an analysis by security firm CertiK revealed a vulnerability in a legacy MakerDAO auction keeper contract had been exploited, resulting in the theft of 200 ETH, valued at over $500,000. CertiK identified the root cause as a lack of access control in the 0x8804d1de function within the keeper implementation contract. This contract was involved in the "Black Thursday" liquidation crisis in March 2020, during which it acquired ETH with zero bids; four lots of 50 ETH each remained unsettled. The attacker drained these funds and transferred them out via Tornado Cash in batches of 10 ETH each. The report noted that while this contract is not part of the core Sky ecosystem today, it underscores that legacy contracts retaining residual value remain targets for attacks.

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