BTC $75,784.03 -0.22%
ETH $2,232.84 -0.53%
BNB $697.03 +0.43%
XRP $1.14 -0.78%
SOL $89.14 -0.98%
TRX $0.3202 +0.28%
DOGE $0.0707 -1.46%
ADA $0.1792 -1.85%
BCH $244.23 -5.14%
LINK $10.76 -0.61%
HYPE $76.98 -1.82%
AAVE $130.53 -0.98%
SUI $0.8467 -1.80%
XLM $0.1501 -1.81%
ZEC $1,262.45 -4.01%
AAPL $342.67 -0.09%
AMZN $260.01 +0.09%
GOOGL $285.30 -0.15%
MSFT $531.63 -0.03%
META $611.54 -0.27%
NVDA $187.74 -0.22%
TSLA $357.85 -0.34%
SNDK $835.53 +0.20%
INTC $56.34 +0.32%
SPCX $135.16 +0.05%
MU $695.89 +0.95%
AMD $448.10 +0.17%
BTC $75,784.03 -0.22%
ETH $2,232.84 -0.53%
BNB $697.03 +0.43%
XRP $1.14 -0.78%
SOL $89.14 -0.98%
TRX $0.3202 +0.28%
DOGE $0.0707 -1.46%
ADA $0.1792 -1.85%
BCH $244.23 -5.14%
LINK $10.76 -0.61%
HYPE $76.98 -1.82%
AAVE $130.53 -0.98%
SUI $0.8467 -1.80%
XLM $0.1501 -1.81%
ZEC $1,262.45 -4.01%
AAPL $342.67 -0.09%
AMZN $260.01 +0.09%
GOOGL $285.30 -0.15%
MSFT $531.63 -0.03%
META $611.54 -0.27%
NVDA $187.74 -0.22%
TSLA $357.85 -0.34%
SNDK $835.53 +0.20%
INTC $56.34 +0.32%
SPCX $135.16 +0.05%
MU $695.89 +0.95%
AMD $448.10 +0.17%

fis

All
Article
Flash

first_img Privacy Public Chain Iron Fish: Will terminate remaining support, confirm inflation vulnerability

The privacy public chain Iron Fish officially announced that it will formally terminate all remaining support for the Iron Fish network on that day. The team stated that several days ago, they observed unusual activities involving wIRON and the cross-chain bridge ChainPort. After collaborating with ChainPort and reviewing its logs, they confirmed that the reason was an inflation vulnerability present in the Iron Fish blockchain itself.The official statement indicated that the vulnerability can be traced back to a commit in the implementation of the Merkle tree in early 2019. At that time, the developers implemented a standard Merkle tree, but due to a detail difference in the calculation method of the ticket nullifier, attackers were able to spend the same ticket multiple times, subsequently aggregating the related tickets and transferring them out through the ChainPort cross-chain bridge. The official statement noted that this code path had been included in both external and internal audit scopes, but it was not discovered during the review.The team stated that they submitted a vulnerability patch before shutting down and archiving the ironfish codebase, and attached an explanation in the related PR. The Iron Fish mainnet was launched on April 20, 2023, and the developing company was later acquired by Coinbase; the foundation announced a transition to maintenance mode in April 2026.

Yili Hua: Patiently wait for the best bottom-fishing opportunity, still optimistic about quality AI stocks and crypto assets

Liquid Capital founder Yi Lihua stated that the trading process is not easy. Previously, while maintaining a bullish outlook, the market experienced multiple corrections; after the price rose to $86,000, he insisted on looking for corrections, during which there were also several rebounds, even reaching $87,000. In the past month, the price has repeatedly fallen back to the $80,000 to $81,000 range before quickly rebounding to the key position of $84,000.He emphasized that both the rise and the correction are not linear, and one should not always think about trading, but rather adhere to the principle of "looking for corrections without shorting," patiently waiting for the best bottom-fishing opportunity. He mentioned that he founded and manages three different funds, focusing on cryptocurrency investment, cryptocurrency trading, and AI technology, with cryptocurrency trading being the most challenging, described as "a practice against human nature." He raised the question of whether investors will still have the confidence to bottom-fish in the face of the upcoming extreme panic, which is worth contemplating.Regarding the future market, he views what he calls Buffett being trapped in Google and Duan Yongping being trapped in Pop Mart as a temporary phenomenon, and believes that AI will continue to create miracles, monetary expansion will not stop, and high-quality AI stocks and cryptocurrency assets remain his favored trend direction.

Beijing investigates the first case of pyramid selling using blockchain and virtual currency, a technology company was fined and confiscated over 930,000 yuan

According to a report from the Beijing Daily client, the Market Supervision Administration of Haidian District, Beijing, investigated and handled the city's first illegal case of assisting pyramid schemes using blockchain and virtual currency technology, resulting in a technology company being fined and confiscated a total of over 930,000 yuan.The technology company involved is an outsourcing service provider for a certain public blockchain, offering support such as operations, market services, publicity and promotion, exchange docking, and maintenance. This public blockchain launched the "Atomic Plan" and "Hathaway Plan," which are centered around recruiting people for rebates, using the number of recruited individuals as the basis for rebates, and requiring participants to invest funds to obtain membership qualifications. Despite being aware of the pyramid scheme applications associated with this public blockchain, the involved company continued to provide technical operations, external publicity, and maintenance of virtual currency trading channels, facilitating the flow of funds and the spread of activities related to the pyramid scheme.Ultimately, the pyramid scheme activities of this public blockchain were investigated by public security authorities, the organizers were criminally detained, and the involved technology company was administratively punished with a total fine and confiscation of over 930,000 yuan for providing facilitative conditions.

first_img Visa's net profit attributable to shareholders for fiscal year 2026 was 23.504 billion USD, a year-on-year increase of 17%

On October 28, the payment network Visa released its performance for fiscal year 2026 and the fourth fiscal quarter. The fiscal year 2026 spans from October 1, 2025, to September 30, 2026, and the fourth fiscal quarter spans from July 1, 2026, to September 30, 2026.In fiscal year 2026, Visa's total operating revenue was $45.903 billion, a year-on-year increase of 15%; operating profit was $28.11 billion, a year-on-year increase of 17.15%; the operating profit margin was 61.24%, an increase of 1.25 percentage points year-on-year. The net profit attributable to the parent company was $23.504 billion, a year-on-year increase of 17%; operating cash flow was $23.728 billion. Basic earnings per share were $12.34, diluted earnings per share were $12.32, a year-on-year increase of 21%; the debt-to-equity ratio was 61.73%.In the fourth fiscal quarter, Visa's total operating revenue was $12.139 billion, a year-on-year increase of 13% and a quarter-on-quarter increase of 4.35%; operating profit was $7.262 billion, a year-on-year increase of 18.12%; the operating profit margin was 59.83%, an increase of 2.5 percentage points year-on-year. The net profit attributable to the parent company was $6.002 billion, a year-on-year increase of 18% and a quarter-on-quarter increase of 6.65%; both basic and diluted earnings per share were $3.19, a year-on-year increase of 22%; the debt-to-equity ratio was 61.73%.

first_img The Chinese prosecution seeks to confiscate over 61,800 bitcoins in the case of Qian Zhimin

According to CoinDesk citing The Paper, Chinese prosecutors are seeking to confiscate over 61,800 bitcoins and other assets related to a fraud case involving more than 40 billion yuan. The case revolves around Qian Zhimin, the actual controller of Tianjin Lantian Ge Rui Electronic Technology. Prosecutors stated that from 2014 to 2017, the company sold unlicensed financial products in China, raising over 40.378 billion yuan from more than 102,000 investors, resulting in nearly 20 billion yuan in losses for investors.The related funds were reportedly used to repay early investors, operate fraudulent investment projects, and purchase bitcoins, real estate, cars, and jewelry, rather than being invested in legitimate businesses. Qian Zhimin fled China in 2017 and settled in the UK. UK authorities have seized his assets, including over 61,800 bitcoins, as well as Bitcoin Cash, Bitcoin Gold, Bitcoin SV, Ripple, Dogecoin, cash, jewelry, and investment holdings.On October 13, the Tianjin Second Intermediate People's Court stated that it has accepted the prosecutors' application to confiscate the aforementioned assets as illegal gains and has initiated a six-month announcement period for victims and stakeholders to participate in the litigation; those who do not participate can still apply for compensation regarding the recovery of assets. Previously, the UK High Court ruled that for the over 61,000 bitcoins seized in the UK, victims claimed that Chinese law should apply rather than UK law. This ruling requires determining whether victims have property rights under Chinese law, and a hearing will be held subsequently, with some victim lawyers seeking to appeal.

BlackRock and Deutsche Bank CEOs say the fiscal deficit is more urgent than the AI bubble

According to Bloomberg, financial executives have differing opinions on whether AI has become a bubble. Ken Griffin previously warned that AI investors are almost certainly in a bubble and should prepare for setbacks, stating that significant economic transformations are often accompanied by bubbles. Recently, the market has been concerned that the time it takes for the massive upfront capital expenditures in AI to translate into profits and productivity gains may be longer than expected. Deutsche Bank CEO Christian Sewing stated that there is no reason to worry about a sharp reversal in asset prices in the short term; individual companies may face setbacks, but he does not believe the market is in a bursting bubble.Sewing distinguished between a bubble and ongoing volatility, mentioning geopolitical tensions. He stated that if the regulatory framework is appropriate, the industrial application of AI will become a century opportunity for Germany. BlackRock CEO Larry Fink advocated for accelerating the construction of AI data centers, warning that delays could threaten economic growth and exacerbate inflation due to high computing costs. He previously mentioned that AI faces a supply shortage, with demand growth exceeding expectations, and stated that the faster more data centers are built and more computing power is available, the quicker costs can be reduced.Federated Hermes Chief Investment Officer for Global Equities Steve Chiavarone said that investors worried about an AI bubble may be correct in their judgment, but it is several years too early; infrastructure still has several years of growth potential, after which the risk of overbuilding will become more pressing. The market is still differentiating which companies can secure funding and at what interest rates, which is contrary to the bubble period.Compared to the AI bubble, both Fink and Sewing view the fiscal deficit as a more pressing concern, especially as the AI industry competes with the government for investment funds. The U.S. fiscal deficit is nearing $2 trillion, and U.S. Treasury yields have risen to decades-high levels.Fink stated that the current level of capital competition is the highest he has seen in his career. Regarding the rising risk of French government bonds, Sewing said it cannot yet be called a debt crisis, but it serves as a warning for public finances, emphasizing the importance of budget discipline.
app_icon
ChainCatcher Building the Web3 world with innovations.