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On August 26, Senior Colonel Zhai Shichen, spokesperson for the Southern Theater Command of the Peoples Liberation Army, stated that from August 21 to 25, the Southern Theater Command organized naval and air forces to conduct routine patrols in the South China Sea. The Philippines, by rallying external countries, is stirring up trouble in the South China Sea and organizing so-called "joint patrols," undermining regional peace and stability. The Theater Command troops will resolutely defend national territorial sovereignty and maritime rights and interests, and firmly safeguard regional peace and stability.On August 26th, to ensure the safety of railway transportation and passenger travel, the railway department closely monitored the changes in the path of Typhoon Saudel and its subsequent impact, promptly activated the typhoon and flood prevention emergency response, and adopted measures such as advance warning and proactive risk avoidance. Train schedules were adjusted, with temporary suspensions planned for certain sections and time periods on the Hangzhou-Wenzhou High-Speed Railway, Hangzhou-Taizhou High-Speed Railway, Jinhua-Wenzhou Railway, Jinhua-Taizhou Railway, and Ningbo-Jinhua Railway from August 27th to 28th, and on the Hangzhou-Shenzhen Railway from August 27th to 29th. Moving forward, the railway department will closely monitor the typhoons path and dynamically adjust train schedules based on wind speed, rainfall, and the severity of the disaster to ensure the safe travel needs of passengers.On August 26, the State Council Taiwan Affairs Office held a regular press conference. Recently, the Taiwan General Chamber of Commerce released its "2026 White Paper," which focuses on cross-strait policy under the theme of "Confidence and Steadfastness, Building a New Landscape for Cross-Strait Development." The white paper continues to recommend simplifying the review process for mainland professionals traveling to Taiwan, expresses the industrys strong desire for improved application procedures for mainland residents to visit Taiwan, and hopes to create a more stable cross-strait relationship through people-to-people exchanges. What is your comment on this? Spokesperson Zhang Han stated that compatriots on both sides of the Taiwan Strait are one family and should maintain frequent exchanges and closer ties. The Taiwanese business community hopes for smooth and active cross-strait exchanges, which is the will of the people and an inevitable trend. For a long time, we have upheld the concept of "both sides of the Taiwan Strait are one family," actively promoting exchanges and cooperation in various fields and continuously taking measures to facilitate exchanges between people on both sides. We hope the DPP authorities will listen to the voices of the industry and promptly abolish unreasonable restrictions that hinder cross-strait exchanges, thus facilitating cross-strait communication and integration.On August 26th, the Bank of Japan (BOJ) announced that policy board member Naoki Tamura would represent Governor Kazuo Ueda at the Jackson Hole Economic Symposium this week. Due to a scheduling conflict, Ueda will not attend the meeting. No media interviews are scheduled for Tamura during the symposium. It is rare for a BOJ policy board member to attend the Jackson Hole symposium; usually, the governor or one of two deputy governors attend. Tamura is considered a hawkish member of the BOJs policy board and has publicly advocated for interest rate hikes every few months to address upside risks to prices. Analysts say that comments from Federal Reserve Chairman Warsh in his first Jackson Hole speech on the monetary policy outlook will have a significant impact on Japan through fluctuations in the yen and bond yields. Uedas absence shifts market focus to whether he will attend next weeks G20 finance ministers and central bank governors meeting hosted by the United States. Furthermore, BOJ Deputy Governor Ryozo Himino will also speak and hold a press conference on Thursday, where he may signal the possibility of a rate hike next month.On August 26, Liu Yulin, Director of the Information and Communication Development Department of the Ministry of Industry and Information Technology, said at a press conference held by the State Council Information Office on the theme of "Starting the 15th Five-Year Plan" that during the 15th Five-Year Plan period, efforts will be accelerated to tackle key 6G technologies, continuously carry out 6G technology trials and standard development, promote the maturity of the 6G industry and the construction of its ecosystem, and prepare for the commercial use of 6G.

The NBA’s Playoffs NFT Drop Gets Hit with Exploit

Cameron Murphy

Apr 22, 2022 09:43


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The National Basketball Association (NBA) issued 18,000 Ethereum-based NFTs on Wednesday.


Users took advantage of the dip due to poor coding by wiping up the 18,000 NFT collection.


To accommodate supporters, the NFT has raised the collection from 18,000 to 30,000.


NFTs and the sports world have had a fantastic 2022. As sports attempt to leverage on Web3 to boost fan engagement, team and player interest in NFTs and the metaverse has risen.


Sports teams in the United States, such as the NFL and NBA, have been at the forefront of innovation.


Both have had success with their NFT markets, which provide incentives for more participation during important athletic events.


The NBA released 'The Association,' an 18,000 NFT drop to commemorate the NBA playoffs, on Wednesday.


The NBA's Hotly Anticipated NFC Collection 'The Association Launch' is Targeted by Exploit.


An exploit was discovered on Thursday, according to the newly created NBA Discord. The NBA introduced 'NBAxNFT,' a discord to let the NBA community to participate in Web3 discourse, last week.


The Discord, which has 59,592 members, has been useful as the NBA attempts to control the problem.

The NBA Disclosed the Exploit on NBAxNFT on Thursday

"We are aware of the smart contract concerns that led the Allow List supply to sell out early. We regret for the inconvenience and are working to locate the wallets on the Allow List that were unable to mint as a consequence."


The Association collection was made available to early NBAxNFT members through a "Allow List."


Early Discord users were able to attach an Ethereum wallet to their account and reserve one NFT per wallet.


Individual users were able to mint up to 100 NFTs due to a technical error, which they subsequently sold on the OpenSea marketplace.


On OpenSea, there were 17,093 NFTs from The Association collection with 9,100 owners and a floor price of 0.193 ETH at the time of writing.


The NBA put a halt to the drop an hour later, announcing that the amount of NFTs in the collection will be increased to 30,000.


The NBA's scam-alerts page on Discord, on the other hand, reveals that fraudsters were still a problem overnight. The Discord offered fake website URLs announcing the mint's restart.


The NBA has not been discouraged from completing The Association drop, despite the fact that the American team is well-versed in the NFT sector.

The NBA's Flagship NFT Marketplace Remains Top Shot

In 2020, the NBA and Dapper Labs will launch the NBA NFT marketplace Top Shot. Since then, the NBA has used NBAxNFT and The Association collection to increase fan interaction.


NBA clubs have also begun to sell postseason merchandise. The Golden State Warriors (GSW) released a 2022 playoff NFT collection on the FTX NFT marketplace earlier this week.


The Golden State Warriors 2022 Playoff NFT Collection is a limited edition of 2,000 NFTs that were created on the Solana (SOL) blockchain using FTX and were randomly allocated.


Despite the addition of new collections, NBA Top Shot is expected to remain the primary NFT marketplace.


It's unclear if the current exploit will have an influence on Top Shot activity. The harm would be limited if the situation could be resolved quickly.