Gate News Bot news, July 18, according to CoinMarketCap data, as of the time of writing, FRAX (Frax) is currently priced at $3.27, with a rise of 17.58% in the last 24 hours, reaching a high of $3.45 and a low of $2.15. The 24-hour volume is $8.19 million. The current market capitalization is approximately $290 million, an increase of $43.33 million from yesterday. Frax is a project dedicated to building the next generation of financial infrastructure, primarily consisting of three core pillars: frxUSD stablecoin, Fraxtal blockchain, and Frax network. frxUSD is a secure, stable, and scalable digital dollar fully backed by institutional-grade tokenized U.S. Treasury assets, supported by industry leaders such as BlackRock and Superstate. Fraxtal is a

PANews, July 11 news, according to monitoring by Lookonchain, the GMX protocol previously suffered a hacker attack. The hacker has chosen to return the stolen assets of $42 million and accepted a $5 million white hat bug bounty. So far, $10.49 million in FRAX has been returned. Meanwhile, the hacker has exchanged an additional $32 million in assets for 11,700 ETH, currently valued at about $35 million, with a profit of about $3 million. It is still unclear whether the hacker will return all 11,700 ETH (worth $35 million) or sell ETH to return $32 million while keeping a profit of $3 million.

Gate News bot news, security analysis company PeckShield has detected that the hacker who previously attacked the GMX project has returned 5.49 million FRAX Tokens to the GMX deployer. This development has garnered widespread attention from the Crypto Assets community, indicating that the attacker may be taking certain remedial actions. However, the specific reasons and subsequent developments remain to be observed.

PANews January 3 news, according to Beincrypto, Frax protocol through community proposals, will use BlackRock's BUIDL Fund as the collateral asset for its upcoming frxUSD stablecoin. The BUIDL Fund currently manages assets of over $648 million and extends to several mainstream blockchains like Aptos and

Infrastructure provider Symbiotic announced that 14 projects will join its shared security framework ecosystem, covering multiple areas including Decentralized Finance, Oracle Machine, cross-chain bridges, AI resource matching, MEV optimization, and privacy solutions. These projects will leverage Symbiotic's technology to enhance their security and decentralization. In addition, Symbiotic plans to launch the Mainnet in September.

Odaily Planet Daily News According to official sources, Frax

On September 10th, ETH's scaling solution, t1 protocol, completed a $2.5 million pre-seed round of financing, led by a16z CSX, with participation from Espresso, Frax, CowSwap, ETHGlobal, ENSO, INJECTIVE, Guy Wuollet, AliYahya, Eric Chen, and others. It is reported that t1protocol is a fast and final scaling solution for Ethereum. It supports real-time proof generation to unify Ethereum.

BlockBeats News, on December 23rd, Securitize, the broker-dealer of the BlackRock BUIDL Tokenized Currency Market Fund, submitted a governance proposal calling for the addition of BUIDL Token as a reserve asset for the upcoming re-launch of the Frax USD stablecoin. The proposal states that in addition to providing the utility, relative security, and convenience of Frax USD, Frax USD can also significantly drop its counterpart risk by working with BlackRock. If the proposal is approved, Frax USD will follow in the footsteps of stablecoins like USDtb by Ethena, adopting BUIDL Token as its supporting asset. BUIDL currently manages assets worth over 5.3

Golden Finance reported that Securitize, the broker of the Liquidity Fund (BUIDL), has submitted a proposal to improve Frax by adding BUIDL as support Collateral for Frax USD stablecoin. According to the improvement plan, use BUIDL

YieldNest launches the first Liquidity re-stake Token (LRT), allowing users to re-stake ETH already staked on multiple platforms to obtain various future rewards by holding ynLSDe.