intent

DFINITY founder Dom posted on X that after further investigation, it was found that the key components used by NEAR Intents involve DFINITY's proprietary technology, and he accused NEAR of unauthorized use of technology results that are only authorized for Internet Computer.Dom stated that the relevant technology involves a threshold ECDSA algorithm used for cross-chain asset custody and transaction signing, which can increase the signing speed to about 3 times that of other solutions; he also claimed that NEAR deployed the relevant technology on 8 servers, failing to achieve the decentralization and security it advertised. Dom further indicated that GitHub records show that NEAR is recently attempting to downgrade the relevant algorithm to a solution that is about 3 times slower, and he believes this move may be related to concerns about its use of the relevant technology.He stated that this matter involves potential legal liability, believing that DFINITY and the ICP community have been harmed as a result, and hopes that both parties can resolve the dispute. The above content currently represents a unilateral accusation from the DFINITY founder, and whether the use of the relevant technology constitutes infringement, as well as whether NEAR has the security and decentralization issues it claims, still needs further verification.

According to CoinDesk, Cardano founder Charles Hoskinson stated that he is personally developing a new programming language for the Cardano network and collaborating with Input Output Global engineer Lucas Rosa. Lucas Rosa is a co-creator of Aiken, one of Cardano's main smart contract languages. Hoskinson posted on the X platform that this will be the first programming language to combine user transaction completion intentions with cryptographic proofs.It is reported that the language will support three tools: transaction intent, data with carry proofs, and Groth16 proofs. Transaction intent allows users to specify the goals they want to achieve, while leaving the specific steps to the application, for example, traders can request that a token be exchanged for another only when the final price meets certain conditions, without specifying the exact path.Data with carry proofs can attach cryptographic evidence to information, proving that it complies with specific rules, allowing other applications to verify without recalculating. Groth16 is a widely used proof system that can generate small-sized, fast-verifying proofs, demonstrating that conditions have been met without exposing private data.With the combination of the three, developers can build applications that coordinate transactions, check complex conditions, and pass verified information between services, ultimately verified by Cardano with a small proof. Currently, Cardano developers mainly use Haskell-based Plutus and Aiken to write smart contracts, while Input Output Global, founded by Hoskinson, has its own privacy blockchain Midnight with its language Compact. The name, public code, and release date of this new language have not yet been announced.

The cross-chain exchange protocol NEAR Intents released a post-mortem report attributing a $3.8 million vulnerability to a flaw in the deposit notification feature. The protocol deploys a public settlement contract on NEAR that maintains an internal ledger of deposited tokens, while withdrawals transfer tokens out via a cross-chain bridge. The report was published by NEAR Intents General Manager Alex Shevchenko on October 16, stating that the attacker withdrew $3.8 million before the protocol was shut down on October 1 and returned all funds within 36 hours of detection, with all affected users fully compensated.The report indicates that the feature notifies third-party contracts when tokens are deposited. The attacker created a contract that intentionally caused the notification to fail, allowing the token contract to refund the deposit while NEAR Intents retained the corresponding ledger credit. Through 23 failed deposit transactions, the attacker accumulated $3.8 million in unsupported balance, referred to in the report as ghost funds, and subsequently withdrew real tokens based on this and transferred them to other chains via the Omni infrastructure. Shevchenko stated that this was a vulnerability in the NEAR Intents contract, not in the Omni infrastructure.Withdrawals occurred between September 29 and October 1. The settlement contract was paused and reopened on October 1, with affected routes gradually restored, and contract-side deposits resumed on October 2. The report noted that the vulnerability went undetected because monitoring only compared the original chain assets with the total balance of NEAR side tokens, without comparing the total internal user balances with the actual tokens held by the contract; the team has since added this check and will automatically pause the contract when there is a balance inconsistency. The fix for the October vulnerability was deployed on October 2, but another serious vulnerability report regarding the same feature prompted its complete removal on October 7, with the relevant researcher receiving a $300,000 reward.

Cryptocurrency hardware wallet manufacturer Ledger announced the launch of Ledger Agent Intent, which is now open for free to all signature devices compatible with Ledger. The AI agent can monitor the market and provide portfolio optimization suggestions, allowing users to review and approve relevant actions on their Ledger devices, while the private keys remain under the user's control.Agent Intent will be directly integrated with OpenClaw, allowing users to register the OpenClaw agent and authorize actions on their Ledger Atom devices, with the OpenClaw application pre-installed on the device. This tool also supports Pay.sh from the Solana Foundation, and requests made by the agent can enter a unified queue for users to choose the timing for signing.Ledger collaborates with Venice AI to address privacy issues and stated that user data will not be used for training models by third parties.

According to the official website of the People's Bank of China, the central bank released the "Policy Position on the Renminbi Exchange Rate," clarifying that China implements a managed floating exchange rate system based on market supply and demand, referencing a basket of currencies, and has exited from normalized foreign exchange interventions since 2017.The central bank stated that China has no intention of gaining trade competitive advantages through devaluation, never engages in competitive currency devaluation, and only uses macro-prudential tools to prevent short-term overshooting under significant external shocks such as the pandemic and the tariff war in April 2025. Since the exchange rate reform in 2005, the Renminbi has appreciated by a cumulative 23% against the US dollar, and the nominal effective exchange rate has appreciated by over 50%; since 2025, it has appreciated by about 9% against the US dollar.The central bank also pointed out that using the International Monetary Fund's external balance assessment conclusions as the official basis for the undervaluation of the Renminbi is a misinterpretation and misuse, and that alleviating global imbalances requires joint action from deficit and surplus countries.

According to data from Delphi Digital, NEAR launched NEAR Intents, achieving the highest transaction fee revenue of the year in September.Previously, NEAR set the perpetual contracts of the high-performance decentralized derivatives trading platform Hyperliquid to privacy mode by default. Users can deposit funds from other chains and participate in trading through token swaps on NEAR Intents. After the privacy feature went live, users tended to retain their funds during trading intervals, with their confidential balance exceeding 70 million dollars on the first day of launch. Delphi Digital stated that this could be an early signal of market demand converting into actual usage rates.

NEAR co-founder @ilblackdragon revealed on the X platform that the recovery of stolen funds from NEAR Intents was mainly due to the AI security layer SHIELD on Intents, as well as some proactive investigative work.The Intents team identified the responsible party and established communication within less than 24 hours of the hack, successfully recovering the funds in full today at 14:30 UTC.@ilblackdragon also stated that NEAR will continuously strengthen its security systems and further adapt to the ever-changing cybersecurity landscape. While AI may accelerate the exploitation of vulnerabilities, it can also help us defend against them. It is hoped that the entire industry will respond with vigilance and feel the same sense of urgency to collaborate together.

Cross-chain intent trading product NEAR Intents General Manager Alex Shevchenko stated that the 3.8 million dollars stolen in the NEAR Intents vulnerability incident has been fully returned. He mentioned that the return of funds occurred just hours after he gave a 48-hour repayment deadline to the identified parties.Shevchenko wrote: "We are stopping the investigation. Please use the vulnerability bounty instead of interrupting the service." He indicated that the relevant investigation has now been halted.

The Chief Information Security Officer of Slow Fog Security, 23pds, stated that Alex Shevchenko, the General Manager of NEAR Intents, indicated that the exploiters of the NEAR Intents vulnerability transferred 1 BNB to the recovery wallet and left a message expressing willingness to cooperate and requested the other party to provide a Signal contact.This transfer came from the same address that previously moved approximately 3.8 million USD. About an hour ago, that address also transferred 0.295 ETH on the Ethereum network and sent the same message.

According to Cointelegraph, NEAR Intents General Manager Alex Shevchenko stated that the team has confirmed the identity of the hacker behind the previous security incident and has given them a 48-hour deadline to return the stolen funds through "responsible disclosure."NEAR Intents previously suspended services due to a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and NEAR Intents smart contracts. Preliminary investigations indicate that approximately $3.8 million in user funds were stolen in this incident, and the team has committed to fully compensating affected users.On-chain detective ZachXBT stated that the stolen funds were subsequently transferred to KuCoin and converted to Bitcoin across chains.

NEAR co-founder Illia Polosukhin stated that NEAR Intents and near.com have resumed operations, but some related services of the affected networks are still restricted.Illia mentioned that the approximately $3.8 million attack exploited vulnerabilities in the Omni deposit and withdrawal infrastructure and the interaction with NEAR Intents smart contracts, with the impact limited to USDT on BSC. The NEAR core protocol, NEAR tokens, and other applications were not affected, and affected users will receive full compensation.

According to Shield's monitoring, NEAR Intents attackers have transferred the stolen funds to Kucoin and bridged them to BTC. The attacker's address has interacted with an address marked as North Korea's LazarusGroup (0x098B7...E2f96).

NEAR Intents released a security notice confirming that it has encountered an attack. Preliminary investigations indicate that the vulnerability originated from a defect in the interaction between the Omni deposit and withdrawal infrastructure and contracts. The contract vulnerability has been fixed, and core services are expected to be restored within 1 hour, with a commitment to fully compensate for the damaged assets.NEAR Intents stated that deposit and withdrawal services for multiple public chains, including BSC, Polygon, and TON, will be additionally suspended for about 12 hours. The relevant cases have been reported, and on-chain tracking has begun.Subsequently, on-chain detective ZachXBT indicated that NEAR Intents' BSC hot wallet experienced multiple abnormal outflows of funds, with the stolen funds transferred to KuCoin and further cross-chain to the Bitcoin network. The amount involved has exceeded 3.8 million USD.

Cross-chain trading protocol NEAR Intents stated in a post on X that on September 24, Bitget was attacked, resulting in approximately $387.5 million in funds being stolen, most of which were aggregated into Ethereum and converted to ETH. The hacker attempted to transfer over $50 million through NEAR Intents, but ultimately only $166,000 was successfully transferred, while $503,000 was intercepted during the execution process.NEAR Intents indicated that the relevant data comes from on-chain tracking tools, Arkham, internal logs, and risk control layer SHIELD, among other sources. The figures listed are rounded estimates, with an assessment deviation of no more than 10%. SHIELD identified over $50 million in money laundering attempts and has filtered out duplicate flows, of which $166,000 has been successfully transferred, while another $503,000 was frozen midway through execution and remains restricted, pending legal and recovery procedures.NEAR Intents stated: permissionless does not equal neutral, the team refuses to assist in cashing out stolen assets and will forgo the bounty from this incident to allow Bitget to recover funds as much as possible. Bitget previously established a 5% + 5% bounty arrangement. NEAR Intents also mentioned that the protocol will remain permissionless but set boundaries, and will combat money laundering of stolen funds, while suggesting Bitget contact legal and law enforcement channels to handle the frozen funds.

The research institution IRF, focused on building decentralized financial infrastructure for AI agents, announced the acquisition of Nomina. The scope of the acquisition includes technology, intellectual property, brand, and infrastructure, with the most significant being Nomina's intent execution protocol SolverNet. The infrastructure related to Nomina has processed over 7.5 million transactions to date.SolverNet has gone live and has been validated in a production environment, covering the Ethereum mainnet and major Layer 2 networks such as Arbitrum, Base, and Optimism, and has integrated with protocols like Symbiotic, Gearbox Protocol, and Cygnus Finance. The intent mechanism allows agents to declare expected outcomes, while the solver network competes to deliver, handling complexities such as routing, cross-chain, and gas management at the underlying level.IRF will launch on-chain yield deployment, cross-chain and cross-currency fund transfers, as well as automated configuration and rebalancing strategies based on SolverNet, with each strategy expressed through a single intent and executed by the solver network. IRF plans to release related technologies in the coming months as part of the financial product roadmap for agents.

U.S. Treasury Secretary Janet Yellen referred to TPLF (third-party litigation financing) profits as a "malignant factor" in the financial system. She stated that the Treasury is reviewing the $5,000 check proposal. The President's intention regarding the $5,000 checks is "very real."Last week, it was reported that Trump stated that if the Republican Party wins both houses of Congress, they will issue $5,000 to every American adult.

MiniMax officially launched the AI video creation tool MiniMax Design today, a Harness product built on the native multimodal video model H3. Users only need to present their creative requirements, and the system can understand the goals, break down tasks, call relevant models and Skills, and complete the entire video production process from material processing and generation editing to final delivery, without the need to switch repeatedly between multiple professional tools.MiniMax Design features a built-in Agent 3D director's platform, where users can describe scene and shot requirements in natural language, and the system can preview composition and character relationships in 3D space. After confirmation, it hands over to H3 to generate the video, moving trial and error to the storyboard phase. This product is aimed at commercial content scenarios such as brand creative testing, knowledge video production, PV/MV, etc., and can iteratively generate multiple versions in batches. Creators can also connect their local ComfyUI workflows to MiniMax Design, with the Agent assisting in adjusting nodes and parameters.

Investor Gavin Baker stated in Friday's All-In Podcast that marginally, Anthropic's share is flowing towards OpenAI, open-source models, and Grok, but its growth remains very rapid. Baker mentioned that if the $65 billion related data is accurate, then someone leaked this information to assist Anthropic's upcoming IPO roadshow, allowing it to claim a higher annual recurring revenue (ARR) after expanding capacity from July to September.Baker pointed out that following statements related to Anthropic's potential IPO roadshow in September or October, given OpenAI's aggressive approach to locking in computing power and almost certainly capturing significant market share, the market should subsequently see leaks from OpenAI to demonstrate its faster growth. He stated that there will be a lot of speculation surrounding this IPO.Baker also noted that the $65 billion data is impressive for the capacity-limited Anthropic and the entire AI industry, even though Anthropic may be losing some market share. He also mentioned that the number of Codex users has nearly doubled in the past five weeks.