News

The chemical sector is experiencing strong bullish sentiment, with pure benzene and styrene once again hitting their daily limit-up, and caustic soda nearly reaching its limit-up as well! As prices continue to rise, how are market institutions analyzing the situation?

PANews reported on March 6 that HypurrFi, the native non-custodial lending protocol on HyperEVM, stated on the X platform that versions of Aave V3 prior to 3.5 have a "rounding error" vulnerability. Under certain conditions, attackers could repeatedly perform supply/withdrawal and borrow/repay cycles to extract underlying tokens. The affected markets are XAUT0 and UBTC in HypurrFi Pooled. Currently, user funds are not at risk. To ensure safety, new supply and lending operations in the relevant markets have been suspended, while withdrawal and repayment functions remain available. Other markets are operating normally. HypurrFi added that the issue was quickly detected on-chain through its internal monitoring system and the affected markets were promptly frozen. The team is also collaborating with other Aave deployers and security researchers, and invites other Aave fork projects to get in touch for more security information.

Golden Ten Data, March 6 – Morgan Stanley is taking a more cautious stance on Asian stock markets and reducing its exposure to the Indian market, citing concerns that if oil shipments through the Strait of Hormuz cannot be restored, a war involving Iran could disrupt supply chains. “We remain defensive,” Morgan Stanley strategists Daniel Blake and Jonathan Garner wrote in a March 5 report. “Asia remains highly dependent on supplies of crude oil, refined products, and liquefied natural gas from the Middle East, and we believe the market is too complacent about supply chain risks.” In their latest asset allocation adjustment, the strategists downgraded India from “overweight” to “neutral,” noting that India is one of the Asian markets most vulnerable to disruptions in Qatari LNG supplies. They stated that, given uncertainties surrounding the outlook for artificial intelligence and high valuations, global investors may choose to wait, possibly until the technology cycle in South Korea and Taiwan peaks, before increasing their allocation to India again.