Odaily reports that Xie Jiayin stated in a post that Bitget has commissioned a third-party security team to conduct an independent forensic investigation into this security incident. Multiple teams are jointly verifying remediation measures, confirming the attack vector, and assisting with law enforcement cooperation. The investigation results will be disclosed in a timely manner.
He stated that Bitget has sufficient protection funds to cover the related losses, and once all potential security risks are eliminated, withdrawals will resume as soon as possible.
Odaily reports that Andy, founder of The Rollup, posted that according to sources, the U.S. SEC is preparing to adjust KYC requirements so that users only need to complete KYC verification once when accessing onchain tokenized securities.
The source also stated that the new arrangement may enhance composability across different onchain trading venues and tokenization platforms, allowing users to split orders and execute transactions across multiple trading venues through a zero-knowledge proof-based identity system. The relevant adjustments have not yet been officially confirmed by the SEC.
Odaily News: Bankless co-founder David Hoffman shared stock trading information for ZEC treasury company Cypherpunk Technologies on X, stating that CYPH has hit another all-time high and that his recent investment performance has been strong.
According to the trading information he shared, David Hoffman has achieved nearly 5x returns since buying CYPH in June.
Odaily News: A portion of Tether's funds is trapped at its partner bank EQIBank. U.S. law enforcement has seized approximately $89 million in assets related to EQIBank, accounting for about 80% of its currency holdings. The bank faces liquidation risk due to a securities fraud lawsuit involving payment processor Capstone Ltd. Tether stated that its exposure at EQIBank represents less than 0.034% of its total assets, without disclosing the specific amount.
Odaily Report: NVIDIA CEO Jensen Huang stated that if frontier AI labs cannot ensure AI safety, they must shut down the relevant labs and halt experiments.
Regarding concerns that frontier AI models from companies such as OpenAI, Anthropic, Meta, and Google could be "jailbroken" to perform physical actions, Huang stated that if AI experiments produce uncontrollable agents, the relevant labs could face civil and criminal liability and must bear the consequences. He believes the current discussion should focus on whether AI experiments are controllable, rather than generalized anxiety about frontier AI. (The New York Times)
Odaily reports that JPMorgan believes Bitcoin briefly rose above its average production cost of roughly $85,000 during this week's rebound; if it can stay above that level, it would ease cash flow pressure on miners and reduce the risk of forced selling. As of press time, Bitcoin has pulled back to around $84,600, having previously remained below that cost line for about 280 consecutive days.
The analyst team led by Nikolaos Panigirtzoglou noted that production cost is closer to a "soft floor" for Bitcoin rather than an absolute price support. The bank said Bitcoin's total network hashrate has dropped about 19% from its October peak last year, and mining difficulty has fallen about 15%. Some listed mining companies are reallocating resources to longer-term AI contracts with more stable revenue. Bitcoin's continued rise after the U.S. Senate failed to advance the CLARITY Act is also consistent with the view that short covering is driving the rebound.
Odaily reports that on-chain analyst Yu Jin has monitored that the $464 million risk protection fund Bitget claims can cover stolen assets is a total of 5,500 BTC, distributed across 3 wallet addresses.
According to Lookonchain monitoring, Metalpha (0x2d2...E3A) withdrew 11,179 ETH worth $30.12 million from Binance 1 hour ago.
Odaily reports: Multicoin Capital has published an article stating that bringing RWAs on-chain not only expands the scale of underlying assets but also further amplifies on-chain economic activity through financial demands such as spot trading, buybacks, hedging, and structured products.
Multicoin believes that the related value will be distributed across the entire DeFi tech stack, with L1/L2 benefiting from continuous financial state updates, core protocols such as exchanges, lending, interest rates, and options capturing fees, and DeFi-native prime brokers gaining value through cross-protocol collateral integration and trade execution.
Furthermore, as institutional block trades increase, privacy transactions and cross-margin will become key infrastructure. Solutions such as Renegade, Silhouette, and Zama are exploring ways to conceal trading intent, while cross-margin can reduce capital occupation through cross-asset netting.
Odaily reports that according to Lookonchain monitoring, an address transferred out 4,500 BTC, worth $381 million, after being inactive for more than 4 years.
Odaily News: According to on-chain analyst Yu Jin's monitoring, 15 minutes ago, a whale transferred 541,000 HYPE to Kraken, worth $49.54 million. This batch of HYPE was withdrawn from Coinbase Prime half a month ago at an average price of $73.9; this time it was transferred to Kraken at a price of $91.5, with an expected profit of $9.52 million.
Odaily News: According to LookonChain monitoring, the breakdown of assets stolen from Bitget is as follows:
102.93 million XRP (approximately $157.48 million);
31,890 ETH (valued at $85.75 million);
34.75 million USDT (approximately $34.75 million);
21.05 million USDC ($21.05 million);
19.67 million USD₮0 ($19.67 million);
3,000 XAUt (equivalent to $12.82 million);
12,719 BNB (valued at $9.88 million);
821,012 AVAX (valued at $8.38 million);
20.59 million $TRX (approximately $7.07 million).
Odaily reports that Flap posted on X platform that wPOPMTx Pop Mart has now launched on Flap, becoming the first unlocked Hong Kong stock trading pair. Since xStocks are rebasing tokens and natively incompatible with DeFi protocols, this trading pair uses a wrapped version to support trading and DeFi integration.
According to Gate data, the USD/JPY (USDJPY) briefly pulled back to 158.5, currently at 158.486, with a 24-hour gain of 0.4%.
Odaily reports that according to GMGN market data, Backpack briefly broke above $1.26, setting a new all-time high, and is now trading at $1.27, up over 47% intraday.
Odaily reports that according to Gate data, WTI crude oil fell 2.00% intraday, now at $91.94 per barrel. Brent crude oil is currently down about 1.8%, at $98.9 per barrel.
