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Furthermore is a platform providing analytics for Berachain vaults. It tracks BGT token yields, validator data, and vault performance, using blockchain for real-time data aggregation and user insights.
OpenAI plans to raise $30 billion, with a valuation that could exceed $1.4 trillion.
According to Sina Finance, OpenAI is accelerating a fundraising round of approximately $30 billion, targeting a valuation that could surpass $1.4 trillion, and aims to secure investor commitments ahead of competitor Anthropic's expected mid-November IPO. Existing investors such as SoftBank Group and Abu Dhabi-based MGX are currently in talks to participate. OpenAI informed investors that following the launch of the GPT-6 Astra model, its annualized revenue has hit $50 billion and is projected to reach $70 billion by the end of the year. The company has also reduced prices for its lower-cost models to drive adoption, noting that further price cuts are possible. Insiders stated that OpenAI intends to close the financing before Anthropic releases its financial data to prevent investors from comparing the two firms directly. OpenAI accounts for revenue on a net basis and has previously accused Anthropic of recognizing all contract sales made through third-party cloud providers as revenue, thereby artificially inflating its top line. Furthermore, OpenAI raised $122 billion in March this year at a post-money valuation of $852 billion, including a committed investment from Amazon of up to $50 billion. If weakening IPO market conditions force a delay of its planned 2027 listing, this capital will additionally be deployed to fund its extensive infrastructure buildout and bolster its balance sheet.
Morgan Stanley: Google TPU price raised to $27 billion per GW, cloud business to contribute half of profits by 2028
According to Chaoxiang Research, Morgan Stanley's August 24 report raised its revenue assumption per gigawatt (GW) of externally sold Google TPUs from $20 billion to $27 billion, increasing the gross margin assumption from 20% to 30%. Following these adjustments, TPU-related cloud revenue is projected to reach $84 billion and $108 billion in 2027 and 2028, respectively, marking increases of 35% and 37% over prior forecasts. Morgan Stanley maintains an Overweight rating on Alphabet with a price target of $400, implying 16% upside from the current share price. The upward revision draws support from recent media reports stating that Google has pledged to supply approximately one million TPUs (equivalent to roughly 1.3 GW), generating about $35 billion in revenue. Furthermore, Google's custom silicon agreement with Marvell validates TPU pricing above previous estimates. The firm anticipates Google Cloud will contribute approximately 50% of Alphabet's consolidated EBIT by 2028. Three primary catalysts underpin the potential for valuation re-rating: the rollout of Gemini 4, inference cost reductions through optimized models, and the market deployment of GenAI offerings. The target price reflects a forward P/E multiple of approximately 22x based on 2028 consensus earnings, commanding a premium of roughly 22% relative to the peer median.
Whale "First Set Ten Big Goals": It Will Become Increasingly Rare to See Bitcoin Below $60,000 in the Future
the whale "First Set Ten Big Goals" posted on platform X, stating that after closing their short position, they quickly re-established a long position because their medium-to-long-term outlook has not changed. They believe the key demarcation zone of the previous bull market was around $60,000, and currently, the mainstream mining cost for Bitcoin is roughly concentrated in the $50,000 to $60,000 range. Last month, Bitcoin quickly recovered after dipping to a low of $58,000, validating the support level in this area. They believe that, barring systemic risks or major fundamental changes, the risk-reward ratio of continuing to short at the current level is not favorable. After Bitcoin completed its consolidation and hand-changing in the $58,000 to $63,000 range, it finished its correction and firmly re-established support around $66,000. The market now has the conditions for further upward movement, and they do not rule out the possibility of a strong bullish candle pushing Bitcoin past $72,000.They also stated that the current valuation of the US stock market, especially the AI-related sectors, is relatively high, which could lead to increased volatility in the future. Furthermore, the correlation between Bitcoin and US stocks has significantly decreased compared to previous cycles. With continued institutional capital inflows and the strengthening of Bitcoin's asset attributes, Bitcoin is gradually forging its own independent market trend..
DeAgentAI Completes $5 Million AIA Buyback Program, Second Batch Burn Executed
: DeAgentAI, a decentralized AI infrastructure project on the SUI and BNB ecosystems, announced that its total buyback program of $5 million worth of AIA tokens has been fully executed. The first batch, involving the burning of 1 million AIA tokens, was completed earlier. This second batch burn of 10 million AIA tokens has now been completed, bringing the cumulative total burned to 11 million tokens, accounting for 23.1% of the total repurchased amount. All tokens have been sent to a black hole address for permanent destruction.Furthermore, DeAgentAI announced the official launch of a quarterly burning mechanism. Going forward, the AIA burn plan will be executed on a quarterly basis, marking the deflation mechanism's entry into a normalized phase. The funds for the buyback come from the project's protocol revenue and profits from its proprietary AI trading models, and are unrelated to external financing or token inflation.
Gate Pre-IPOs Second Phase Launches OpenAI (OPENAI), Supporting Dual Token Participation with USDT and GUSD
: Digital asset trading platform Gate has announced that it will open subscriptions for the second phase of its Pre-IPOs project, OpenAI (OPENAI), from July 15, 2026, 15:00 to July 17, 2026, 15:00 (UTC+8), supporting participation with both USDT and GUSD. The total subscription value for the project is approximately $20 million, with 27,700 OPENAI asset certificates issued at a price of 1 OPENAI = $722. The minimum investment is 100 USDT or 100 GUSD, with implicit handling fees and custody costs waived. OpenAI, driven by products like ChatGPT, is advancing generative AI development and has received investments from Microsoft and others, with an implied market valuation of approximately $895 billion.The OPENAI asset certificate is a pre-IPO mirror note for OpenAI, designed to reflect the company's value before and after its public listing. Gate will hedge its exposure by acquiring the corresponding stocks and will offer pathways including pre-market trading, long-term holding, and future conversion into underlying stock assets, stock tokens, or USDT. Allocations are calculated based on the "average hourly locked amount"; the earlier the participation and the longer the lock-up period, the higher the weight. The certificates will be unlocked in three phases on July 17, August 17, and September 17, with pre-market trading opening on July 20. Concurrently, Gate is launching VIP/Super Agent airdrops, GT rewards, and a 3.8% annualized GUSD minting yield. Furthermore, Gate has already introduced Pre-IPOs, IPO Access, Gate Stocks, and gStocks, covering US, Hong Kong, and Korean stocks, encompassing over 12,500 stocks and ETFs, and will continuously expand its global asset ecosystem, including ETFs and RWAs. Gate will continue to bridge traditional finance with on-chain assets, providing global users with a more open, efficient, and one-stop investment service.
AI Giants Shake Up Capital Markets: SpaceX, OpenAI, and Anthropic Could Create the Biggest Exit Wave in US VC History
the National Venture Capital Association (NVCA) and PitchBook recently released the "Venture Monitor" report, noting that after SpaceX's listing and the potential IPOs of Anthropic and OpenAI, the combined value generated by these three companies will reach an unprecedented level. The report states: "With SpaceX going public, combined with the future exits of these companies, the value created will surpass the total exit value of all US VC-backed companies since 2000." The core factor lies in the extremely high valuation expectations of these three companies.SpaceX is currently valued at approximately $1.77 trillion, while Anthropic and OpenAI are also moving towards multi-trillion-dollar enterprise valuations. The market estimates that the combined valuation of the three companies could exceed $4 trillion. This scale far surpasses past large-scale tech IPOs. Data from the U.S. Securities and Exchange Commission (SEC) shows that total US IPO fundraising last year was about $70 billion, whereas SpaceX's single-company valuation has already reached a level that traditional large-scale IPOs find hard to match. As a once-highly-watched tech IPO case, Uber was valued at around $84 billion when it went public in 2019, which is less than 5% of SpaceX's current valuation.However, the comparison by NVCA and PitchBook is based on "enterprise value created," not the actual cash-out amounts for investors. Additionally, the analysis does not include non-US companies like Alibaba. Furthermore, the value created by already-public companies such as Apple, Google Android, YouTube, and Instagram is not counted in the VC exit statistics.The report points out that over the past 25 years, the US tech market has seen several historic IPOs, including Google in 2004, Tesla in 2010, and Meta in 2012. These companies have since become some of the world's most valuable enterprises. Additionally, companies like LinkedIn, Slack, and WhatsApp were acquired for over $20 billion.The NVCA believes that the current IPO cycle driven by artificial intelligence (AI) could further break these records. The analysis suggests two main reasons driving this trend:First, tech companies are staying private for longer periods than in the past, accumulating higher valuations through prolonged financing and business expansion. If today's Google were in its early stages, it might also choose to go public later to achieve a higher market valuation.Second, the AI industry is highly capital-intensive. Training large AI models requires massive investment, pushing AI companies to continuously raise substantial funds and driving rapid valuation growth.Industry insiders believe that the potential scale of IPOs by SpaceX, Anthropic, and OpenAI will test the capacity of the US capital market. As AI companies transition from the private financing stage to the public market, how trillions of dollars in tech assets flow into the stock market will become a focus for investors. (DigitalToday)
France plans to levy a 31.4% capital gains tax on MiCA stablecoins, as Chainalysis warns it could trigger capital outflows.
According to CoinDesk, the French National Assembly is deliberating on the 2027 budget, which features an amendment proposing to subject stablecoins regulated under the EU’s MiCA framework (e-money tokens) to capital gains tax at a rate of 31.4%, effective January 1, 2027. Currently, France only levies taxes when cryptocurrencies are exchanged for fiat currency or used for purchases, whereas swapping between crypto assets does not trigger tax obligations. François Volpoet, CEO of Chainalysis France, cautioned that this policy could incentivize traders to migrate to regulatory blind spots like DeFi platforms or self-custody wallets, ultimately eroding the tax base. Furthermore, the parliamentary finance committee has adopted two additional proposals: one requiring the disclosure of self-custody wallets holding more than €100,000, with fines capped at approximately $11,600 for violations; and another extending the outbound transfer tax to crypto holdings exceeding roughly $900,000. These measures remain unenacted, with parliament scheduled to vote on the revenue articles on October 20.
OneKey Founder: CryptoBilis Dealer Authorization Terminated, Free Replacements Offered for CryptoBilis Channel Users
OneKey founder Yishi posted on X platform that in response to recent incidents where Ledger hardware wallets purchased by some users through CryptoBilis were found to have unauthorized hardware implanted, leading to asset theft, OneKey has not yet received any reports of its own users experiencing asset theft as a result. However, out of security concerns, OneKey has terminated CryptoBilis's authorized dealer status.OneKey also announced that it will immediately stop accepting new dealers and will re-conduct qualification reviews for all existing authorized dealers. Additionally, for users who purchased OneKey hardware wallets through CryptoBilis between March 1, 2026 and the date of this statement, regardless of device model or usage status, they may apply for a free replacement. The application deadline is December 31, 2026.Furthermore, Yishi advised users who have already used the affected devices to treat their original seed phrases as potentially compromised and to transfer their assets to wallets using new seed phrases as soon as possible, without waiting for replacement devices to arrive.
XRP Ledger Foundation: Confirms No New XRP Created, Critical Vulnerability Fixed
Odaily News: The XRP Ledger Foundation posted on the X platform to clarify the recent XRP Ledger security vulnerability incident, stating that the vulnerability could potentially have been used to bypass the limit that fixes XRP's total supply at 100 billion, but it was fixed two weeks ago via version 3.4.1. Furthermore, upon verification, no new XRP was found to have been created, and the total amount of XRP currently circulating on the ledger is approximately 99.986 billion.The Foundation stated that the vulnerability would have required hundreds of deliberately constructed operations to trigger, and normal payment transactions would almost never involve it. In the future, it will strengthen formal verification, AI adversarial testing, security research collaboration, and bug bounty programs with RippleX and the community. Regarding the fix process, the Foundation explained that publicly releasing a patch could allow attackers to use AI to accelerate vulnerability analysis. To address this situation, the XRPL community engaged in coordination. Participating parties including the XRP Ledger Foundation, RippleX, core developers, and validators reached a social consensus and agreed to adopt the approach of directly releasing the fix. In addition, version 3.4.1 only became a version the network was required to adopt after going through the normal amendment voting process and receiving support from more than 80% of validators for two consecutive weeks. Protocol changes still need to be completed through the amendment mechanism.Previously, RippleX engineering lead J. Ayo Akinyele also posted on the X platform, stating that he attaches great importance to the recently disclosed critical vulnerability in the XRP Ledger (XRPL) payment engine. This vulnerability is a serious security issue that has existed in the codebase for more than 10 years and could theoretically lead to the over-creation of XRP, breaking through the fixed supply cap. However, before the vulnerability could be exploited, it was discovered by the security research firm Veria AI through Ripple's bug bounty program.
Circle Responds to MiCA Review: Suggests Retaining Stablecoin Multi-Issuance Mechanism and Adjusting Reserve Asset Requirements
Circle has submitted a formal response to the European Commission’s consultation on the review of the Markets in Crypto-Assets Regulation (MiCA). Circle stated that currently only three of the top 25 global stablecoins by market capitalization—USDC, USDG, and EURC—are regulated under MiCA. Therefore, it recommends retaining the "Multi-Issuance" mechanism, allowing globally circulating stablecoins to be jointly issued by EU entities authorized under MiCA and overseas regulated entities, to prevent related demand from shifting outside the EU's regulatory scope. Circle also recommended establishing a long-term "equivalence and recognition" regime for overseas-regulated stablecoins, and revisiting MiCA's requirement that e-money token issuers deposit at least 30% of reserve assets in commercial banks, proposing instead more flexible minimum asset liquidity requirements. Furthermore, Circle recommended removing the 35% position limit on single sovereign assets and the restriction limiting single banking exposure to no more than 1.5% of the bank's total assets.
ECB and EU Central Bank Oppose Stablecoin Bank Deposit Reserve Requirements
According to Reuters, the European System of Central Banks (ESCB), comprising the European Central Bank (ECB) and the national central banks of EU member states, has responded to the public consultation on the MiCA crypto regulations. The ESCB opposes the current rule requiring stablecoin issuers to hold at least 60 percent of reserve assets as bank deposits, warning that this would expose banks to volatility risks in the stablecoin market and undermine deposit stability. The ESCB recommends revising the requirement to stipulate that a defined proportion of reserve assets must be held in short-term assets maturing within one to five business days. Furthermore, the ESCB noted that European regulators face "significant challenges" in enforcing crypto regulations, as non-compliant crypto entities can still access EU users, creating vulnerabilities in investor protection.
White House Crypto Committee Director: Still Committed to Pushing the *CLARITY Act* Through Congress in September
Odaily News, Patrick Witt stated on the X platform that the administration remains committed to passing the *CLARITY Act* in September. He noted that only legislation can provide lasting rules, and such legislation is needed now more than ever. Furthermore, Patrick Witt criticized that every time Democrats delay the bill, the U.S. falls further behind in the crypto competition, undermining its global financial market leadership, weakening national security, and depriving law enforcement of tools to combat crypto crime. He stated that the *CLARITY Act* is the result of years of genuine bipartisan cooperation, and Democrats still have the opportunity to shape U.S. digital asset policy by supporting the legislation. The administration will remain open and continue good-faith negotiations until the September vote.
Investor Jason Calacanis calls for selling Bitcoin to pivot to AI, predicting the price will drop to $57,000.
According to CoinDesk, tech investor and podcast host Jason Calacanis called on investors on Tuesday to sell Bitcoin and pivot to artificial intelligence on the X platform. He predicts that Bitcoin will retest its $57,000 low within the next 12 months and will not set a new all-time high. This level is approximately 28% lower than Tuesday's quote of around $79,600. He argues that Bitcoin has "lost the crowd" and lacks utility beyond serving as a store of value. Furthermore, citing ETF outflows as evidence, he asserts that this trend will continue.
Analyst: BTC traders' realized price rises to around $75,000, short-to-medium-term cost structure remains positive
CryptoQuant platform analyst Trdaer_Gemini posted that BTC is currently trading just above $80,000, positioned above the Trader Realized Price, which has risen to approximately $75,000 (reflecting the average acquisition cost of BTC most recently moved between 1 and 3 months ago). Historically, this level frequently serves as support during bull market pullbacks; if the price breaks below and sustains beneath it, underwater traders may exit positions as they approach breakeven, potentially flipping the level into resistance. Furthermore, when the price approaches the Upper Band, it is typically accompanied by increased profit-taking pressure and short-term pullbacks. The analyst emphasized that the Upper Band does not guarantee a market top, nor does the Realized Price guarantee a rebound; neither should be treated as automated trading signals, but rather used as observation points to identify where market participants may shift their behavior.
Analysts: BTC exchange reserves rebound to approx. 2.68 million, spot demand turns negative once again as whale accumulation diverges.
CryptoQuant analyst XWIN Japan stated that data indicates Bitcoin still possesses certain bottoming conditions, but the recovery in supply and demand remains uneven. Exchange BTC reserves have rebounded from approximately 2.67 million in early October to around 2.68 million. Although this figure remains below January levels, it suggests that exchange supply is no longer continuing to decline. Furthermore, the increase in reserves may also result from custody adjustments and cannot be directly interpreted as rising selling pressure.
Bitget Stock+ Launches "Multi-Leg Options Strategy" Feature
according to an official announcement, Bitget Stock+ has launched its "Multi-Leg Options Strategy" feature. The specific strategies include Covered Call/Put, Vertical Spreads, Straddle & Strangle, and Collar, further catering to users' professional trading needs in risk hedging, volatility trading, and directional speculation.Additionally, this feature supports a Portfolio Margin mechanism. When options positions are opened and form a risk hedge against a user's existing holdings, the system will automatically reduce or offset the corresponding margin requirements, helping to improve users' capital efficiency.Furthermore, the multi-leg strategy supports users in flexibly building and closing positions leg by leg (Leg in/Leg out). Currently, this feature is available during regular trading hours from 9:30 to 16:00 EST. For more product details, please refer to Bitget's official platform.
BIT: Fed Pause on Rate Hikes Could Mark the Start of a Q4 Crypto Rally
According to BIT's weekly "On Target" report, BIT analysts identify two key market catalysts: first, U.S. debt has surpassed the psychological threshold of $40 trillion, and second, U.S. Treasury yields are approaching the critical 5.0% level. Since July 24, Bitcoin has accumulated gains of 22% and gold has risen 9.4%, confirming earlier forecasts. Macro cycle models indicate that the market is currently in the first phase of cyclical reflation, typically accompanied by a weakening U.S. dollar and rising commodity prices. Historical data indicates that during this phase: • Annualized returns for U.S. equities at approximately 29% • Annualized returns for gold at approximately 47% • Annualized returns for Bitcoin at approximately 73% Furthermore, between 2020 and 2026, the compound annual growth rate (CAGR) of U.S. debt has reached 8.59%, while the CAGR for M2 money supply stands at 6.02%, significantly outpacing the CPI's 4.11%. This sustained accumulation of long-term inflationary pressure further reinforces the allocation rationale for gold and Bitcoin.
21Shares Analysts: BTC Finds Support Near $77,000, Potential Target at $100,000
According to Bitcoin.com, Matt Mena, 21Shares Senior Crypto Research Strategist, stated that amid approximately $603 million in cumulative net inflows into US spot Bitcoin ETFs in September and a resurgence in altcoin risk appetite, Bitcoin's fourth-quarter trend is expected to strengthen significantly. Mena noted that BTC is currently finding support near $77,000, with mounting odds of testing the $82,000 range by month-end. He identified $100,000 for BTC, $3,500 for ETH, $100 for HYPE, and $130 for SOL as potential fourth-quarter targets. Furthermore, Ethereum has outperformed Bitcoin over the past three weeks with a 29% gain compared to Bitcoin's 20%, while Hyperliquid is approaching $90, signaling a rotation of capital into altcoins.
Bithumb Update Hacking Incident: 6,444 Customers' Data Stolen, Personal Information of 844 Leaked
Bithumb stated that on October 27, its internal mobile collaboration system, DaouOffice, was subjected to unauthorized external access, resulting in the theft of some customer and employee personal information. The incident involved 6,444 customers, among whom the data for 5,600 individuals was encrypted and unreadable, while an additional 844 customers were confirmed to have had their personal information compromised. Furthermore, the information of 715 employees and partner personnel was also affected.
Swell DAO's swETH and rswETH management keys are suspected to have been leaked, and attackers have deployed 4 malicious upgrade contracts.
According to security researcher Spreek (@spreekaway), the administrative keys for swETH and rswETH under Swell DAO appear to have been compromised. Attackers are inflating the NAV (Net Asset Value) without asset backing by up to 1% per hour. Four malicious upgrade contracts have been deployed and are queued for multisig execution; if executed, they could result in the theft of approximately 2,500 ETH. Furthermore, analysis by ADL (@ADLXBT) indicates that the management keys control proxy administrator permissions. Once seized by attackers, these keys could allow the redirection of swETH/rswETH proxies to malicious implementation contracts, triggering minting or withdrawal functions to artificially inflate the NAV without corresponding asset backing. Spreek noted that any connection between this incident and the Railway platform remains speculative, with only a coincidental timeline observed and no concrete evidence available. The incident report he published was generated by Claude, and certain portions remain unverified.
Vitalik: Ethereum can support various signature algorithms through EIP-8288, eliminating the need for new precompiles.
Vitalik Buterin (@VitalikButerin) stated that the ideal path for supporting various cryptographic algorithms lies in EIP-8288: users locally generate arbitrary signatures, produce STARK proofs, and submit them on-chain via a STARK aggregator. This avoids consuming calldata on-chain, so Ethereum no longer needs to add new precompiles. He also noted that if lattice cryptography (Lattice) is proven to be secure against AI attacks, it could still be utilized for accounts, wallets, and similar applications via precompiles in the future. Previously, Starknet co-founder Eli Ben-Sasson pushed back against related views from a16z, arguing that the rich mathematical structure of lattice cryptography makes it susceptible to AI attacks. Furthermore, the simplified variant based on Module SIS only emerged in 2012 and lacks sufficient maturity. He recommended waiting another three to five years until AI has thoroughly stress-tested these approaches before deploying them to custody large asset balances.
Former CEO of Mt.Gox Questions Ledger's Misleading Marketing: Security Claims Contradict Technical Documentation
Former Mt. Gox CEO Mark Karpelès (@MagicalTux) posted that Ledger Support (@Ledger_Support) stated on August 20 that the Secure Element chip can detect physical tampering; if extra hardware intercepts signals, the device will refuse to execute unsigned code or fail the Genuine Check. Karpelès pointed out that Ledger's own technical documentation explicitly states: if the original Secure Element is intact, the Genuine Check cannot detect unauthorized physical hardware modifications such as spy implants. The two statements contradict each other. He also noted that recent reports show over $90 million in assets were stolen precisely through this method of "extra hardware intercepting signals." Furthermore, in a March 2026 Ledger Academy article, Ledger had already published photos of spy implants installed inside multiple Ledger devices, including mass-produced complex PCBs, indicating they were long aware of this threat. Karpelès believes this conduct constitutes misleading promotion and cited that French law has specific regulations regarding misleading advertising.
OneKey Founder: CryptoBilis Dealer Authorization Terminated, Free Replacements Offered for CryptoBilis Channel Users
OneKey founder Yishi posted on X platform that in response to recent incidents where Ledger hardware wallets purchased by some users through CryptoBilis were found to have unauthorized hardware implanted, leading to asset theft, OneKey has not yet received any reports of its own users experiencing asset theft as a result. However, out of security concerns, OneKey has terminated CryptoBilis's authorized dealer status.OneKey also announced that it will immediately stop accepting new dealers and will re-conduct qualification reviews for all existing authorized dealers. Additionally, for users who purchased OneKey hardware wallets through CryptoBilis between March 1, 2026 and the date of this statement, regardless of device model or usage status, they may apply for a free replacement. The application deadline is December 31, 2026.Furthermore, Yishi advised users who have already used the affected devices to treat their original seed phrases as potentially compromised and to transfer their assets to wallets using new seed phrases as soon as possible, without waiting for replacement devices to arrive.
XRP Ledger Foundation: Confirms No New XRP Created, Critical Vulnerability Fixed
Odaily News: The XRP Ledger Foundation posted on the X platform to clarify the recent XRP Ledger security vulnerability incident, stating that the vulnerability could potentially have been used to bypass the limit that fixes XRP's total supply at 100 billion, but it was fixed two weeks ago via version 3.4.1. Furthermore, upon verification, no new XRP was found to have been created, and the total amount of XRP currently circulating on the ledger is approximately 99.986 billion.The Foundation stated that the vulnerability would have required hundreds of deliberately constructed operations to trigger, and normal payment transactions would almost never involve it. In the future, it will strengthen formal verification, AI adversarial testing, security research collaboration, and bug bounty programs with RippleX and the community. Regarding the fix process, the Foundation explained that publicly releasing a patch could allow attackers to use AI to accelerate vulnerability analysis. To address this situation, the XRPL community engaged in coordination. Participating parties including the XRP Ledger Foundation, RippleX, core developers, and validators reached a social consensus and agreed to adopt the approach of directly releasing the fix. In addition, version 3.4.1 only became a version the network was required to adopt after going through the normal amendment voting process and receiving support from more than 80% of validators for two consecutive weeks. Protocol changes still need to be completed through the amendment mechanism.Previously, RippleX engineering lead J. Ayo Akinyele also posted on the X platform, stating that he attaches great importance to the recently disclosed critical vulnerability in the XRP Ledger (XRPL) payment engine. This vulnerability is a serious security issue that has existed in the codebase for more than 10 years and could theoretically lead to the over-creation of XRP, breaking through the fixed supply cap. However, before the vulnerability could be exploited, it was discovered by the security research firm Veria AI through Ripple's bug bounty program.
Bithumb Update Hacking Incident: 6,444 Customers' Data Stolen, Personal Information of 844 Leaked
Bithumb stated that on October 27, its internal mobile collaboration system, DaouOffice, was subjected to unauthorized external access, resulting in the theft of some customer and employee personal information. The incident involved 6,444 customers, among whom the data for 5,600 individuals was encrypted and unreadable, while an additional 844 customers were confirmed to have had their personal information compromised. Furthermore, the information of 715 employees and partner personnel was also affected.
Swell DAO's swETH and rswETH management keys are suspected to have been leaked, and attackers have deployed 4 malicious upgrade contracts.
According to security researcher Spreek (@spreekaway), the administrative keys for swETH and rswETH under Swell DAO appear to have been compromised. Attackers are inflating the NAV (Net Asset Value) without asset backing by up to 1% per hour. Four malicious upgrade contracts have been deployed and are queued for multisig execution; if executed, they could result in the theft of approximately 2,500 ETH. Furthermore, analysis by ADL (@ADLXBT) indicates that the management keys control proxy administrator permissions. Once seized by attackers, these keys could allow the redirection of swETH/rswETH proxies to malicious implementation contracts, triggering minting or withdrawal functions to artificially inflate the NAV without corresponding asset backing. Spreek noted that any connection between this incident and the Railway platform remains speculative, with only a coincidental timeline observed and no concrete evidence available. The incident report he published was generated by Claude, and certain portions remain unverified.
Maji Dage: PAPER is non-transferable for the long term, and holders' interests are misaligned with the team's.
Machi Big Brother (@machibigbrother) stated that Papertrade (@papertrade_xyz) recently issued an update regarding the transferability of the PAPER token, noting that Papertrade is a complex underlying primitive with significant risk management challenges, and the PAPER token is far more tightly integrated into the protocol's economic model than most protocol tokens. Machi pointed out that the PAPER token will remain non-transferable for the foreseeable future; holders can currently only generate investment returns via protocol fees, though their share will be diluted. Furthermore, as the project allocates no tokens to the team, factors such as token value, dilution, and exit liquidity affect holders more than the team. Only fee revenue aligns incentives, though Machi noted that "this issue can be resolved."
OpenAI plans to raise $30 billion, with a valuation that could exceed $1.4 trillion.
According to Sina Finance, OpenAI is accelerating a fundraising round of approximately $30 billion, targeting a valuation that could surpass $1.4 trillion, and aims to secure investor commitments ahead of competitor Anthropic's expected mid-November IPO. Existing investors such as SoftBank Group and Abu Dhabi-based MGX are currently in talks to participate. OpenAI informed investors that following the launch of the GPT-6 Astra model, its annualized revenue has hit $50 billion and is projected to reach $70 billion by the end of the year. The company has also reduced prices for its lower-cost models to drive adoption, noting that further price cuts are possible. Insiders stated that OpenAI intends to close the financing before Anthropic releases its financial data to prevent investors from comparing the two firms directly. OpenAI accounts for revenue on a net basis and has previously accused Anthropic of recognizing all contract sales made through third-party cloud providers as revenue, thereby artificially inflating its top line. Furthermore, OpenAI raised $122 billion in March this year at a post-money valuation of $852 billion, including a committed investment from Amazon of up to $50 billion. If weakening IPO market conditions force a delay of its planned 2027 listing, this capital will additionally be deployed to fund its extensive infrastructure buildout and bolster its balance sheet.
Vitalik: Ethereum can support various signature algorithms through EIP-8288, eliminating the need for new precompiles.
Vitalik Buterin (@VitalikButerin) stated that the ideal path for supporting various cryptographic algorithms lies in EIP-8288: users locally generate arbitrary signatures, produce STARK proofs, and submit them on-chain via a STARK aggregator. This avoids consuming calldata on-chain, so Ethereum no longer needs to add new precompiles. He also noted that if lattice cryptography (Lattice) is proven to be secure against AI attacks, it could still be utilized for accounts, wallets, and similar applications via precompiles in the future. Previously, Starknet co-founder Eli Ben-Sasson pushed back against related views from a16z, arguing that the rich mathematical structure of lattice cryptography makes it susceptible to AI attacks. Furthermore, the simplified variant based on Module SIS only emerged in 2012 and lacks sufficient maturity. He recommended waiting another three to five years until AI has thoroughly stress-tested these approaches before deploying them to custody large asset balances.
OneKey Founder: CryptoBilis Dealer Authorization Terminated, Free Replacements Offered for CryptoBilis Channel Users
OneKey founder Yishi posted on X platform that in response to recent incidents where Ledger hardware wallets purchased by some users through CryptoBilis were found to have unauthorized hardware implanted, leading to asset theft, OneKey has not yet received any reports of its own users experiencing asset theft as a result. However, out of security concerns, OneKey has terminated CryptoBilis's authorized dealer status.OneKey also announced that it will immediately stop accepting new dealers and will re-conduct qualification reviews for all existing authorized dealers. Additionally, for users who purchased OneKey hardware wallets through CryptoBilis between March 1, 2026 and the date of this statement, regardless of device model or usage status, they may apply for a free replacement. The application deadline is December 31, 2026.Furthermore, Yishi advised users who have already used the affected devices to treat their original seed phrases as potentially compromised and to transfer their assets to wallets using new seed phrases as soon as possible, without waiting for replacement devices to arrive.
Related news
Bithumb Update Hacking Incident: 6,444 Customers' Data Stolen, Personal Information of 844 Leaked
Bithumb stated that on October 27, its internal mobile collaboration system, DaouOffice, was subjected to unauthorized external access, resulting in the theft of some customer and employee personal information. The incident involved 6,444 customers, among whom the data for 5,600 individuals was encrypted and unreadable, while an additional 844 customers were confirmed to have had their personal information compromised. Furthermore, the information of 715 employees and partner personnel was also affected.
Investor Jason Calacanis calls for selling Bitcoin to pivot to AI, predicting the price will drop to $57,000.
According to CoinDesk, tech investor and podcast host Jason Calacanis called on investors on Tuesday to sell Bitcoin and pivot to artificial intelligence on the X platform. He predicts that Bitcoin will retest its $57,000 low within the next 12 months and will not set a new all-time high. This level is approximately 28% lower than Tuesday's quote of around $79,600. He argues that Bitcoin has "lost the crowd" and lacks utility beyond serving as a store of value. Furthermore, citing ETF outflows as evidence, he asserts that this trend will continue.
Analyst: BTC traders' realized price rises to around $75,000, short-to-medium-term cost structure remains positive
CryptoQuant platform analyst Trdaer_Gemini posted that BTC is currently trading just above $80,000, positioned above the Trader Realized Price, which has risen to approximately $75,000 (reflecting the average acquisition cost of BTC most recently moved between 1 and 3 months ago). Historically, this level frequently serves as support during bull market pullbacks; if the price breaks below and sustains beneath it, underwater traders may exit positions as they approach breakeven, potentially flipping the level into resistance. Furthermore, when the price approaches the Upper Band, it is typically accompanied by increased profit-taking pressure and short-term pullbacks. The analyst emphasized that the Upper Band does not guarantee a market top, nor does the Realized Price guarantee a rebound; neither should be treated as automated trading signals, but rather used as observation points to identify where market participants may shift their behavior.
Dragonfly Partner Questions DFINITY's Technical Infringement Allegations: Related Patent Was Only Approved at the End of July
Dragonfly partner Haseeb Qureshi responded via post to DFINITY founder Dominic Williams' earlier allegations that NEAR Intents had unauthorizedly used threshold ECDSA signature technology. Screenshots of the relevant patent application status shared by Qureshi show that the patent was not approved until late July this year, having previously been in a "patent application" state. NEAR Intents modified the relevant algorithm in September this year. Haseeb Qureshi added that, if Dominic Williams' own account is accurate, the alleged patent infringement may have covered only a period of roughly one month. Furthermore, the relevant algorithm was originally published in an academic paper under a CC BY license, which NEAR also referenced in its implementation.
Swell DAO's swETH and rswETH management keys are suspected to have been leaked, and attackers have deployed 4 malicious upgrade contracts.
According to security researcher Spreek (@spreekaway), the administrative keys for swETH and rswETH under Swell DAO appear to have been compromised. Attackers are inflating the NAV (Net Asset Value) without asset backing by up to 1% per hour. Four malicious upgrade contracts have been deployed and are queued for multisig execution; if executed, they could result in the theft of approximately 2,500 ETH. Furthermore, analysis by ADL (@ADLXBT) indicates that the management keys control proxy administrator permissions. Once seized by attackers, these keys could allow the redirection of swETH/rswETH proxies to malicious implementation contracts, triggering minting or withdrawal functions to artificially inflate the NAV without corresponding asset backing. Spreek noted that any connection between this incident and the Railway platform remains speculative, with only a coincidental timeline observed and no concrete evidence available. The incident report he published was generated by Claude, and certain portions remain unverified.
Maji Dage: PAPER is non-transferable for the long term, and holders' interests are misaligned with the team's.
Machi Big Brother (@machibigbrother) stated that Papertrade (@papertrade_xyz) recently issued an update regarding the transferability of the PAPER token, noting that Papertrade is a complex underlying primitive with significant risk management challenges, and the PAPER token is far more tightly integrated into the protocol's economic model than most protocol tokens. Machi pointed out that the PAPER token will remain non-transferable for the foreseeable future; holders can currently only generate investment returns via protocol fees, though their share will be diluted. Furthermore, as the project allocates no tokens to the team, factors such as token value, dilution, and exit liquidity affect holders more than the team. Only fee revenue aligns incentives, though Machi noted that "this issue can be resolved."