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Project Overview
Safe is a leading provider of multi-signature wallets and a digital asset management platform. Its smart contract wallets enable businesses to manage funds through predefined access-control schemes with multiple private keys (multisig) and other access modules.
US SEC Token Safe Harbor Proposal Warned of Lacking Regulatory Certainty, Exchanges Fear Future Liability
Odaily reports: Crypto wallet backup company Vault12 submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) on Tuesday, stating that the SEC's proposed token safe harbor framework fails to adequately address centralized exchanges' listing concerns, and trading platforms still worry they may face retroactive challenges from the SEC regarding the legal status of tokens in the future.Vault12 raised $17.45 million from 38 investors in 2018 through a future token agreement. Its issued Vault Guardian Token (VGT) has not yet been listed on any centralized exchange. The project has fulfilled or formally abandoned all commitments in its white paper, but exchanges it previously approached still require confirmation that the SEC will not determine in the future that VGT remains subject to the original investment contract.The SEC's "Regulation Crypto Assets" proposal introduced in August this year aims to provide exemptions for token fundraising and allow eligible projects to terminate the association between tokens and original investment contracts through a safe harbor mechanism. Vault12 recommends adding a 60-day objection period; if the SEC does not raise objections within the deadline, qualifying filings should have final effect on the agency, except in cases of fraud or material misrepresentation. (CoinDesk)
Hyperliquid Policy Center Submits Five Revision Suggestions on SEC's Cryptocurrency Regulation Proposal
According to a comment letter submitted by the Hyperliquid Policy Center (HPC) to the U.S. Securities and Exchange Commission (SEC) on October 19, the HPC generally supports the SEC's proposed Crypto Asset Regulation (File No. S7-2026-27) and urges its prompt adoption. The proposal includes a $5 million startup exemption (four-year term), a $75 million fundraising exemption (per 12 months), a safe harbor for investment contracts, and state-level advance applicability provisions for "qualified purchasers." The HPC also puts forward five recommendations: 1. Airdrops: Incorporate airdrop analysis into the final rule text and use "clear and specific consideration" as the criterion for determining a "monetary investment"; 2. Secondary Markets: Clarify the status of secondary market trading and intermediaries, enabling assets issued under exemptions to trade immediately outside the registration framework, and recommend exempting relevant trades and platform determinations under Section 36 of the Exchange Act; 3. Safe Harbor: Its use should not be construed as an admission that an investment contract or issuer status exists, and protections should extend through the period during which key management tasks are being performed; 4. Buybacks: Incorporate the SEC Division of Corporate Financing's recent buyback guidance into the rules, standardize the "central party" concept, and distinguish between programmatic buybacks and discretionary buybacks; 5. Federal Advance Applicability: Issuers meeting safe harbor conditions may opt out of reporting obligations or adopt a simplified annual certification to avoid state regulatory intervention. The HPC stated that without the aforementioned adjustments, the actual
Hundreds of Millions of Dollars in Bitcoin Transferred to IRGC, US Treasury Sanctions Iranian Exchange BitBank
Odaily News: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against Tehran-based crypto exchange BitBank, alleging that the platform transferred hundreds of millions of dollars in Bitcoin to Iran's Islamic Revolutionary Guard Corps (IRGC). According to OFAC, BitBank is controlled by Iranian financier Babak Zanjani, who was designated in January of this year, and who used the platform to complete transfers between June and July. The designation was made pursuant to Executive Order 13902. The sanctions also cover three executives of BitBank's software developer Pishtaz Simorgh and its parent company Dot One. U.S. Treasury Secretary Bessent stated that using cryptocurrency to finance the Iranian regime does not fall outside OFAC's jurisdiction. OFAC also alleged that Hormuz Safe, a Tehran-based institution that sells safe passage through the Strait of Hormuz, has been transferring payments it received through BitBank since June; the institution was sanctioned in July. OFAC did not disclose the relevant wallet addresses.
SEC Proposes New Crypto Rules: Establishing a Token Investment Contract Safe Harbor with Offering Cap of Up to $75 Million
Odaily News: The U.S. Securities and Exchange Commission (SEC) has proposed rules related to crypto assets, aiming to establish a clear framework for eligible investment contracts and provide a targeted securities offering regime for token issuances, enabling related entities to raise funds while retaining investor protection measures. The proposed rules would allow crypto companies to issue up to $5 million in tokens over four years, or up to $75 million in tokens within 12 months, and provide a safe harbor to prevent cryptocurrencies from being deemed "investment contracts." Issuers would be required to disclose financial statements and provide ongoing reporting. The SEC did not include the previously anticipated "innovation exemption" for crypto stocks. The proposal comes just days after the U.S. Senate failed to advance the Digital Asset Market Clarity (CLARITY) Act; the public will have 60 days to submit comments after the proposal is published in the Federal Register. SEC Chair Paul Atkins stated that congressional legislation remains essential for establishing rules that can be applied over the long term, and the SEC will continue to support Congress in advancing the CLARITY Act to President Trump. The Commodity Futures Trading Commission (CFTC) plans to discuss cryptocurrency, AI, and prediction market regulation on Thursday. (Cointelegraph)
US SEC Token Safe Harbor Proposal Warned of Lacking Regulatory Certainty, Exchanges Fear Future Liability
Odaily reports: Crypto wallet backup company Vault12 submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) on Tuesday, stating that the SEC's proposed token safe harbor framework fails to adequately address centralized exchanges' listing concerns, and trading platforms still worry they may face retroactive challenges from the SEC regarding the legal status of tokens in the future.Vault12 raised $17.45 million from 38 investors in 2018 through a future token agreement. Its issued Vault Guardian Token (VGT) has not yet been listed on any centralized exchange. The project has fulfilled or formally abandoned all commitments in its white paper, but exchanges it previously approached still require confirmation that the SEC will not determine in the future that VGT remains subject to the original investment contract.The SEC's "Regulation Crypto Assets" proposal introduced in August this year aims to provide exemptions for token fundraising and allow eligible projects to terminate the association between tokens and original investment contracts through a safe harbor mechanism. Vault12 recommends adding a 60-day objection period; if the SEC does not raise objections within the deadline, qualifying filings should have final effect on the agency, except in cases of fraud or material misrepresentation. (CoinDesk)
Hyperliquid Policy Center Submits Five Revision Suggestions on SEC's Cryptocurrency Regulation Proposal
According to a comment letter submitted by the Hyperliquid Policy Center (HPC) to the U.S. Securities and Exchange Commission (SEC) on October 19, the HPC generally supports the SEC's proposed Crypto Asset Regulation (File No. S7-2026-27) and urges its prompt adoption. The proposal includes a $5 million startup exemption (four-year term), a $75 million fundraising exemption (per 12 months), a safe harbor for investment contracts, and state-level advance applicability provisions for "qualified purchasers." The HPC also puts forward five recommendations: 1. Airdrops: Incorporate airdrop analysis into the final rule text and use "clear and specific consideration" as the criterion for determining a "monetary investment"; 2. Secondary Markets: Clarify the status of secondary market trading and intermediaries, enabling assets issued under exemptions to trade immediately outside the registration framework, and recommend exempting relevant trades and platform determinations under Section 36 of the Exchange Act; 3. Safe Harbor: Its use should not be construed as an admission that an investment contract or issuer status exists, and protections should extend through the period during which key management tasks are being performed; 4. Buybacks: Incorporate the SEC Division of Corporate Financing's recent buyback guidance into the rules, standardize the "central party" concept, and distinguish between programmatic buybacks and discretionary buybacks; 5. Federal Advance Applicability: Issuers meeting safe harbor conditions may opt out of reporting obligations or adopt a simplified annual certification to avoid state regulatory intervention. The HPC stated that without the aforementioned adjustments, the actual
Qualified Trusts Participating in PoS Staking Do Not Lose Tax Benefits, US IRS Updates Safe Harbor Guidance
Odaily News: The US IRS released Revenue Procedure 2026-20 on October 6, updating and replacing Revenue Procedure 2025-31 issued in November 2025, clarifying that qualifying investment trusts and grantor trusts may participate in PoS staking while retaining tax benefit treatment. The IRS recognizes compliant staking as a "property preservation activity," keeping the trust on the passive side and preserving its investment trust and grantor trust status (IRC Sections 671 to 677).The safe harbor contains 14 requirements, including that shares be listed on a national exchange, that only a single digital asset be held, that assets be custodied by a qualified custodian, that the liquidity policy be approved by the SEC, and that staking rewards not be hoarded. The guidance applies to tax years ending on or after November 10, 2025.
Early Safe investor Greenfield Capital files complaint with Swiss regulator over foundation governance
Odaily reports: Greenfield Capital, an early investor in Safe, has published an open letter stating that it has filed a regulatory complaint with the Swiss Federal Foundation Supervisory Authority (ESA) regarding the Safe Ecosystem Foundation. Greenfield Capital stated that it has never sold any SAFE tokens since investing in Safe in 2022, but the total assets held in Safe accounts have declined from approximately $6.6 billion at the beginning of 2024 to about $3 billion. Over the same period, total DeFi TVL grew by roughly 40% and stablecoin supply increased by 135%, while stablecoins within Safe grew by only 11%. The firm believes that Safe's share of the self-custody market is declining.Greenfield Capital stated that about a year ago, it was unable to form a reliable judgment based solely on information provided by the Safe team, so it conducted an independent review together with former employees, major users, ecosystem developers, and other investors, and concluded that the issues identified all ultimately related to governance. The firm had previously requested refreshing the foundation's board of directors with experienced and independent members, restructuring management and bringing in operators with experience scaling infrastructure businesses, and having the board lead a review of strategy, product, organizational structure, and tokenomics while setting quantifiable key performance indicators. Greenfield Capital said that since late 2025, it has made these requests to the foundation both directly and through legal counsel, but the foundation only established a strategy committee without decision-making authority and appointed people from existing circles to fill board vacancies, which ultimately led to the filing of the regulatory complaint with ESA. The firm emphasized that this action is not a lawsuit against individuals and that it does not intend to take over Safe; its concerns are limited solely to foundation governance and board composition. It remains positive about the work of the Safe Labs operating team and will continue to cooperate as an ecosystem participant and Safenet validator.
Safe early investor Greenfield has filed a complaint with Swiss regulators, alleging that a foundation director used tokens to threaten and exert pressure.
Greenfield Capital has filed a complaint with the Swiss federal foundation regulator ESA regarding governance issues at the Safe Ecosystem Foundation, alleging that Safe Foundation directors instructed personnel to hand over a substantial amount of SAFE tokens following the Bybit hack, and threatened to force Gnosis to sell its holdings—which account for approximately 10% of the total SAFE supply—and sever ties with Safe.
Hester Peirce Ends Over 8-Year SEC Commissioner Term, Previously Advocated for Token Safe Harbor and Led Crypto Task Force
Odaily News: U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce ended her term today. She served at the agency for more than 8 years, repeatedly dissenting when the commission chose to take enforcement action rather than formulate rules for the industry to follow, and earlier proposed a token safe harbor plan.Hester Peirce previously led the Crypto Task Force and stated that the SEC's duty to protect investors includes using its regulatory authority to provide regulatory boundaries for the rapidly expanding digital asset industry. (CoinDesk)
Tech stock selloff sparks safe-haven demand, US Treasuries rally alongside global bonds
During Friday's Asian session, the rally in US Treasuries accelerated as American tech stocks were sold off and investors turned to US government bonds for safety. Yields across all tenors of US Treasuries fell by at least 3 basis points, extending the downward trend from the New York session. Bonds in Australia, Japan, and New Zealand followed suit, with their respective benchmark 10-year government bond yields falling more than 5 basis points. Safe-haven sentiment heated up following disappointing earnings from tech giants like Alphabet, further fueling market skepticism regarding the sustainability of the AI trade. In October, yields on the benchmark 10-year US Treasury have fallen nearly 40 basis points, poised to record a first monthly decline since February.
CoinDCX Confirms $16 Million Loss Due to Failed Fund Aggregation, Says Active Users' Funds Are Safe
As reported by CoinDesk, Indian cryptocurrency exchange CoinDCX has confirmed a loss of $16 million. The incident occurred because its sweeping process failed to withdraw customer deposits from wallets compromised in a July 2025 hack. The exchange stated it would absorb the loss itself and confirmed that active users' funds remain secure.
Worth $5.52 Million, F2Pool's Chun Wang Deposits 2,160 ETH to Binance
According to Onchain Lens monitoring, Chun Wang (F2Pool) transferred 2,160 ETH worth $5.52 million from F2Pool's Gnosis Safe to Binance, including 1,150 ETH worth $2.94 million and 1,010 ETH worth $2.58 million.
No soft fork required: StarkWare verifies quantum-safe locking scheme on Bitcoin mainnet, but it is not yet suitable for large-scale use
Starknet has published an introduction to its Quantum-Safe Bitcoin (QSB) scheme, stating that StarkWare researchers have verified a quantum-safe locking mechanism on the Bitcoin mainnet that requires no soft fork, no new opcodes, and no changes to consensus rules. The first QSB output was spent on August 26, 2026, in Bitcoin mainnet block 964,199, with the associated GPU computation cost reduced from approximately $320 to about $50. QSB builds its locking mechanism through hash computation, but each transaction still requires substantial computation, and moving assets into the scheme still requires a traditional transaction that carries quantum risk. The transaction does not comply with Bitcoin Core's default relay rules, and there is currently no accompanying wallet, address format, or recovery process. StarkWare stated that QSB is an emergency research solution, and that the long-term solution still requires the introduction of post-quantum signature mechanisms via a soft fork. Starknet's full quantum resistance also depends on the progress of Ethereum's underlying upgrades.
Controlled by Foundation alone changed to a 9-party community multisig, Compound proposal retains EPCF purpose
community member ugurmersin has proposed an alternative to Proposal 613, suggesting that custody of the Ecosystem Protection and Continuity Fund (EPCF) and mainnet Chainlink SVR revenue be transferred from the Safe controlled by the Compound Foundation to a Community Multisig, adopting a 9-party 5/9 multisig mechanism. The proposal does not advocate shutting down the EPCF, but rather preserving its purpose, size, 48-month term, and emergency fund deployment capability.As of October 8, the EPCF held 500,000 USDC and 4.5834 million USDC deposited in cUSDCv3, while mainnet Chainlink SVR revenue held 355.95 ETH. The proposal states that the original Proposal 613 had planned to shut down the EPCF and transfer the funds to the Governor Timelock, and was canceled by the Proposal Guardian on October 7.
Market maker GSR transferred 578,000 LINK to Binance in 2 days, worth approximately $8.25 million
Odaily News: According to Onchain Lens monitoring, GSR continues to sell LINK. After receiving tokens from Gnosis Safe, it transferred 303,010 LINK ($4.29 million) to Binance. Two days ago, the same wallet transferred 275,000 LINK ($3.96 million) to Binance. Over the past two days, a total of 578,010 LINK (approximately $8.25 million) has been transferred to Binance.
Synthetix Recovers 8.4 Million SNX from Binance Hack
According to The Defiant, Synthetix's protocol DAO has recovered 8.4 million SNX tokens stolen in the Binance hack. These tokens are currently securely stored in its Safe and will be returned upon Binance's request.
CZ Backs He Yi: She Stayed Up All Night While Pregnant to Handle Binance Security Incident, User Funds Safe
Odaily reports: Binance founder CZ posted on X that user funds are safe (SAFU), and specifically mentioned that He Yi, despite being pregnant, stayed up all night with hundreds of Binance employees to handle this security incident.CZ stated that many industry friends and even competitors, including peers with whom relations had previously not been friendly, offered much-needed help. He admitted that this incident is deeply painful, but emphasized that Binance will get through it.
CoinDCX Confirms $16 Million Loss Due to Failed Fund Aggregation, Says Active Users' Funds Are Safe
As reported by CoinDesk, Indian cryptocurrency exchange CoinDCX has confirmed a loss of $16 million. The incident occurred because its sweeping process failed to withdraw customer deposits from wallets compromised in a July 2025 hack. The exchange stated it would absorb the loss itself and confirmed that active users' funds remain secure.
Base Vault Suffers ~$6M Exploit, Still Holds $31.7M in Assets
Odaily reports: Gonçalo Magalhães, Head of Security at Immunefi, stated that an unnamed Base vault suffered an approximately $6 million exploit, while still holding around $31.7 million in assets at the time of the incident. According to a briefing, the attacker used a Safe multisig wallet to add a malicious contract to the vault's lending whitelist, then withdrew 1,783 aBaswstETH and swapped it for approximately 1,783 wstETH via AaveV3. Gonçalo Magalhães noted that while whitelisted addresses may appear secure, approved addresses can withdraw assets without collateral, constituting a vulnerability; this whitelist weakness had been discovered the previous week, but researchers lacked a clear disclosure channel. More than 24 hours after the incident, no team had publicly claimed responsibility or disclosed remediation measures.
Over $6 Million in Assets Stolen from Base Anonymous Multisig Vault, 7 Signer Identities Unknown
A crypto asset vault on Base had approximately 1,783 wstETH transferred out on October 4, resulting in losses exceeding $6 million. On-chain records show that the vault is controlled by a 3-of-7 Safe, and the identities of the seven signers have not yet been made public.Security firms stated that the attacker borrowed aBaswstETH from the vault and swapped it for wstETH through Aave. Neither the Base chain itself nor Aave's core contracts have been identified as being exploited, and the specific authorization vulnerability remains unconfirmed. (Bitcoin.com News)
Safe early investor Greenfield has filed a complaint with Swiss regulators, alleging that a foundation director used tokens to threaten and exert pressure.
Greenfield Capital has filed a complaint with the Swiss federal foundation regulator ESA regarding governance issues at the Safe Ecosystem Foundation, alleging that Safe Foundation directors instructed personnel to hand over a substantial amount of SAFE tokens following the Bybit hack, and threatened to force Gnosis to sell its holdings—which account for approximately 10% of the total SAFE supply—and sever ties with Safe.
Bitwise CEO Says Client Assets Are Safe, Will Continue to Monitor Binance-Related Situation
Bitwise CEO posted on X that client assets in Bitwise-managed treasuries, private funds, and ETFs are safe, and the team will continue to monitor the Binance-related situation. He stated that spot and lending markets may experience volatility in the short term, Binance has received industry support, and cybersecurity defense will remain an important topic for all companies this year and in the future.
Hyperliquid Policy Center Submits Five Revision Suggestions on SEC's Cryptocurrency Regulation Proposal
According to a comment letter submitted by the Hyperliquid Policy Center (HPC) to the U.S. Securities and Exchange Commission (SEC) on October 19, the HPC generally supports the SEC's proposed Crypto Asset Regulation (File No. S7-2026-27) and urges its prompt adoption. The proposal includes a $5 million startup exemption (four-year term), a $75 million fundraising exemption (per 12 months), a safe harbor for investment contracts, and state-level advance applicability provisions for "qualified purchasers." The HPC also puts forward five recommendations: 1. Airdrops: Incorporate airdrop analysis into the final rule text and use "clear and specific consideration" as the criterion for determining a "monetary investment"; 2. Secondary Markets: Clarify the status of secondary market trading and intermediaries, enabling assets issued under exemptions to trade immediately outside the registration framework, and recommend exempting relevant trades and platform determinations under Section 36 of the Exchange Act; 3. Safe Harbor: Its use should not be construed as an admission that an investment contract or issuer status exists, and protections should extend through the period during which key management tasks are being performed; 4. Buybacks: Incorporate the SEC Division of Corporate Financing's recent buyback guidance into the rules, standardize the "central party" concept, and distinguish between programmatic buybacks and discretionary buybacks; 5. Federal Advance Applicability: Issuers meeting safe harbor conditions may opt out of reporting obligations or adopt a simplified annual certification to avoid state regulatory intervention. The HPC stated that without the aforementioned adjustments, the actual
BTQ Technologies Partners with MoonPay Korea to Provide Quantum-Resistant Security Technology for KRW Stablecoin Infrastructure
Odaily News: Nasdaq-listed company BTQ Technologies has announced a strategic partnership with MoonPay Korea to provide post-quantum cryptography (PQC) security solutions for its Korean won-backed stablecoin infrastructure. The two parties will jointly develop a quantum migration roadmap and conduct a proof of concept for BTQ's Quantum-Safe Stablecoin Network (QSSN) with Korean banking institutions, exploring quantum-resistant security mechanisms covering stablecoin issuance, distribution, wallets, and settlement processes. MoonPay Korea is building infrastructure to connect the Korean stablecoin market with MoonPay's global network, which covers approximately 180 countries and regions, with over 35 million customers and more than 1,500 enterprise clients.
No soft fork required: StarkWare verifies quantum-safe locking scheme on Bitcoin mainnet, but it is not yet suitable for large-scale use
Starknet has published an introduction to its Quantum-Safe Bitcoin (QSB) scheme, stating that StarkWare researchers have verified a quantum-safe locking mechanism on the Bitcoin mainnet that requires no soft fork, no new opcodes, and no changes to consensus rules. The first QSB output was spent on August 26, 2026, in Bitcoin mainnet block 964,199, with the associated GPU computation cost reduced from approximately $320 to about $50. QSB builds its locking mechanism through hash computation, but each transaction still requires substantial computation, and moving assets into the scheme still requires a traditional transaction that carries quantum risk. The transaction does not comply with Bitcoin Core's default relay rules, and there is currently no accompanying wallet, address format, or recovery process. StarkWare stated that QSB is an emergency research solution, and that the long-term solution still requires the introduction of post-quantum signature mechanisms via a soft fork. Starknet's full quantum resistance also depends on the progress of Ethereum's underlying upgrades.
Controlled by Foundation alone changed to a 9-party community multisig, Compound proposal retains EPCF purpose
community member ugurmersin has proposed an alternative to Proposal 613, suggesting that custody of the Ecosystem Protection and Continuity Fund (EPCF) and mainnet Chainlink SVR revenue be transferred from the Safe controlled by the Compound Foundation to a Community Multisig, adopting a 9-party 5/9 multisig mechanism. The proposal does not advocate shutting down the EPCF, but rather preserving its purpose, size, 48-month term, and emergency fund deployment capability.As of October 8, the EPCF held 500,000 USDC and 4.5834 million USDC deposited in cUSDCv3, while mainnet Chainlink SVR revenue held 355.95 ETH. The proposal states that the original Proposal 613 had planned to shut down the EPCF and transfer the funds to the Governor Timelock, and was canceled by the Proposal Guardian on October 7.
Qualified Trusts Participating in PoS Staking Do Not Lose Tax Benefits, US IRS Updates Safe Harbor Guidance
Odaily News: The US IRS released Revenue Procedure 2026-20 on October 6, updating and replacing Revenue Procedure 2025-31 issued in November 2025, clarifying that qualifying investment trusts and grantor trusts may participate in PoS staking while retaining tax benefit treatment. The IRS recognizes compliant staking as a "property preservation activity," keeping the trust on the passive side and preserving its investment trust and grantor trust status (IRC Sections 671 to 677).The safe harbor contains 14 requirements, including that shares be listed on a national exchange, that only a single digital asset be held, that assets be custodied by a qualified custodian, that the liquidity policy be approved by the SEC, and that staking rewards not be hoarded. The guidance applies to tax years ending on or after November 10, 2025.
Related news
Synthetix Recovers 8.4 Million SNX from Binance Hack
According to The Defiant, Synthetix's protocol DAO has recovered 8.4 million SNX tokens stolen in the Binance hack. These tokens are currently securely stored in its Safe and will be returned upon Binance's request.
Trezor Warns That Safe 5 Devices Sold by CryptoBilis May Have Hardware Implants
Trezor stated that its security team received a responsible disclosure report alleging that a Trezor Safe 5 purchased from Southeast Asia's official distributor CryptoBilis had a hardware trojan implanted inside. The device was purchased through Tokopedia in August 2026. The report claims that an extra circuit board equipped with a cellular module and antenna was found between the motherboard and the screen, capable of reading the screen display contents and exfiltrating them via mobile network when the device is powered on. Trezor has not yet received the physical device for laboratory verification, but based on the customer's description and video communication, it considers the report credible and has issued a warning in advance. Trezor stated that no users have reported losses so far, and advised users who purchased devices through CryptoBilis starting March 2026 to migrate their assets to wallets using newly generated seed phrases as soon as possible, and under no circumstances should they enter existing seed phrases on suspicious devices. Affected users can contact the official team to request a replacement device or voucher. Trezor removed CryptoBilis from its official distributor list on October 9.
CZ Backs He Yi: She Stayed Up All Night While Pregnant to Handle Binance Security Incident, User Funds Safe
Odaily reports: Binance founder CZ posted on X that user funds are safe (SAFU), and specifically mentioned that He Yi, despite being pregnant, stayed up all night with hundreds of Binance employees to handle this security incident.CZ stated that many industry friends and even competitors, including peers with whom relations had previously not been friendly, offered much-needed help. He admitted that this incident is deeply painful, but emphasized that Binance will get through it.
Bitwise CEO Says Client Assets Are Safe, Will Continue to Monitor Binance-Related Situation
Bitwise CEO posted on X that client assets in Bitwise-managed treasuries, private funds, and ETFs are safe, and the team will continue to monitor the Binance-related situation. He stated that spot and lending markets may experience volatility in the short term, Binance has received industry support, and cybersecurity defense will remain an important topic for all companies this year and in the future.
Tech stock selloff sparks safe-haven demand, US Treasuries rally alongside global bonds
During Friday's Asian session, the rally in US Treasuries accelerated as American tech stocks were sold off and investors turned to US government bonds for safety. Yields across all tenors of US Treasuries fell by at least 3 basis points, extending the downward trend from the New York session. Bonds in Australia, Japan, and New Zealand followed suit, with their respective benchmark 10-year government bond yields falling more than 5 basis points. Safe-haven sentiment heated up following disappointing earnings from tech giants like Alphabet, further fueling market skepticism regarding the sustainability of the AI trade. In October, yields on the benchmark 10-year US Treasury have fallen nearly 40 basis points, poised to record a first monthly decline since February.
Deribit APAC Head of Business: Coinbase and Deribit Have Completed Self-Audits, Assets Are Safe with No Risks Found So Far
Lin Chen, Deribit's APAC Head of Business, posted on X that Coinbase and Deribit have confirmed the safety of their assets and completed relevant self-audits, with no related risk points identified so far.Lin Chen also expressed hope that the market can quickly move past the shadow and usher in the next bull run.