BTC $83,466.89 -1.31%
ETH $2,678.55 -0.35%
BNB $764.60 -1.65%
XRP $1.49 -2.45%
SOL $118.86 -3.25%
TRX $0.3357 +0.60%
DOGE $0.0940 -3.05%
ADA $0.2457 -3.73%
BCH $308.57 -7.54%
LINK $15.28 +8.73%
HYPE $88.06 -4.06%
AAVE $148.01 -4.25%
SUI $1.14 -8.72%
XLM $0.2287 +5.74%
ZEC $1,471.38 -8.46%
AAPL $338.48 -0.54%
AMZN $246.58 -1.44%
GOOGL $342.76 -0.39%
MSFT $509.94 -1.44%
META $715.18 -4.72%
NVDA $228.75 +1.49%
TSLA $357.44 -4.33%
SNDK $1,710.73 -4.13%
INTC $115.97 -7.81%
SPCX $145.65 -2.13%
MU $1,053.43 -3.84%
AMD $608.74 -4.07%
BTC $83,466.89 -1.31%
ETH $2,678.55 -0.35%
BNB $764.60 -1.65%
XRP $1.49 -2.45%
SOL $118.86 -3.25%
TRX $0.3357 +0.60%
DOGE $0.0940 -3.05%
ADA $0.2457 -3.73%
BCH $308.57 -7.54%
LINK $15.28 +8.73%
HYPE $88.06 -4.06%
AAVE $148.01 -4.25%
SUI $1.14 -8.72%
XLM $0.2287 +5.74%
ZEC $1,471.38 -8.46%
AAPL $338.48 -0.54%
AMZN $246.58 -1.44%
GOOGL $342.76 -0.39%
MSFT $509.94 -1.44%
META $715.18 -4.72%
NVDA $228.75 +1.49%
TSLA $357.44 -4.33%
SNDK $1,710.73 -4.13%
INTC $115.97 -7.81%
SPCX $145.65 -2.13%
MU $1,053.43 -3.84%
AMD $608.74 -4.07%

rated

All
Article
Flash

Michael Saylor proposed a digital economy policy framework: BTC should be integrated into the banking and insurance systems

Michael Saylor published a long article titled "Prescriptions for Prosperity in the Digital Economy," stating that artificial intelligence will significantly enhance the productivity of individuals and businesses, thus necessitating a more free environment for creating, financing, owning, and trading assets. He suggests establishing a "Digital Bill of Rights" for digital assets, which centers on granting individuals and businesses the rights to create, issue, custody, transfer, and use digital assets, while providing fundamental protections in financial privacy, asset ownership, and market access.Saylor believes that digital intelligence will drive the birth of a large number of new enterprises, and financing costs, complexity, and time costs should be reduced, while improving capital formation efficiency through means such as digital tokens. He proposes a goal of enabling 10 million new enterprises to secure financing, while also establishing clear issuance rules and risk-matched disclosure requirements.Regarding the digital dollar, Saylor advocates for allowing banks, fintech companies, and technology platforms to compete more fully in the digital dollar product space and for issuers to compete around yields. He believes that the U.S. can further expand the global reach of the dollar by allowing companies to develop more competitive dollar digital products.For Bitcoin, Saylor defines it as "digital capital," advocating for allowing banks to custody Bitcoin under clear rules and use it as collateral for providing credit, while also establishing a viable path for insurance companies to incorporate digital capital into their balance sheets and product designs.He specifically mentions that the Basel Accord applies a 1250% risk weight to certain crypto asset exposures, arguing that regulators should reassess the relevant capital requirements based on the actual risks of digital assets and specific business activities.

The People's Bank of China reiterated the regulatory requirements for virtual currencies, prohibiting related businesses and pegged stablecoins to the renminbi

The People's Bank of China today reiterated in its financial education campaign that virtual currencies such as Bitcoin, Ethereum, and Tether do not have legal tender status and cannot be used for currency circulation; conducting virtual currency-related businesses within the country is considered illegal financial activity and is strictly prohibited.The People's Bank of China stated that without the consent of relevant authorities, domestic entities and their controlled overseas entities are not allowed to issue virtual currencies abroad, and no units or individuals, whether domestic or foreign, are permitted to issue stablecoins pegged to the Renminbi abroad. The People's Bank reminds the public not to participate in virtual currency issuance, trading, investment, or mining activities, to be wary of high-yield investment scams, and to avoid renting out bank cards, payment accounts, or participating in virtual currencies.In addition, the People's Bank advises caution against virtual currency investment products and trading platforms that claim "guaranteed profits" or "high interest"; not to participate in virtual currency issuance, trading, investment, or "mining" activities; not to join communities promoting virtual currency activities, not to click on links containing overseas virtual currency trading platforms, or download related apps; not to lend or rent out bank cards or payment accounts, not to buy or sell virtual currencies "on behalf of others" as instructed, and not to act as "drivers," "currency dealers," or "U merchants"; and to report any clues related to virtual currency business activities to the relevant regulatory authorities in a timely manner.

first_img VanEck rated the executive compensation of Metaplanet as "poor," with dilution risks far exceeding those of peers

On Friday, asset management company VanEck released a report on the compensation of executives at the top ten digital asset treasury companies, rating the compensation structure of the Japanese Bitcoin treasury company Metaplanet as "poor," making it the only company to fall into the lowest rating. The report shows that Metaplanet's equity plan corresponds to 14.7% of fully diluted shares, with executive risk exposure at 8.2%, which is ten times the average level of 0.8% for the other nine companies, and the scale of the equity plan is also nearly four times the industry average.In comparison, the largest corporate Bitcoin holder, Strategy, has an equity plan that accounts for only 2% of fully diluted shares, with executive risk exposure at 0.5%, and its compensation structure rated as "good." Metaplanet currently ranks third among publicly listed companies in Bitcoin holdings with 43,000 BTC. VanEck pointed out that the gap partly stems from Metaplanet's previous compensation mechanism: the option pool automatically expanded when the company issued shares to purchase Bitcoin, causing it to swell from 46 million shares to 319.5 million shares, adding approximately 273 million potential shares, which drew criticism from shareholders at the time.Metaplanet terminated the automatic adjustment mechanism at the end of August and reduced the option pool by 41% to 188.2 million shares in September, but VanEck believes these adjustments are still "far from satisfactory," calling for the retraction of the expansion of approximately 273 million shares in favor of a shareholder-approved compensation plan, while also suggesting that executive compensation be linked to the number of Bitcoins corresponding to each fully diluted share and adopting a written grant timing policy.

first_img The head of Grayscale Research reiterated that Bitcoin at $58,000 is the bottom, signaling a green light to clients

According to The Block, Grayscale's research director Zach Pandl stated that the approximately $58,000 low reached around June 30 remains his assessment of the bottom of the current bear market phase, and Grayscale is currently advising clients to allocate Bitcoin.Pandl mentioned in an interview with The Block during the Avalanche summit in New York that they have maintained the view that $58,000 is the bottom of this bear market phase for the past few months. This assessment echoes the comments made by Coinbase CEO Brian Armstrong, who stated on September 10 that Bitcoin has bottomed out in the current cycle and expects a sustained upward trend for the next two years.Pandl stated that Grayscale uses a three-part framework to assess whether clients should allocate Bitcoin, including long-term structural trends, market cycle phases, and macro context. He believes that all three conditions are currently met, thus giving clients the "green light" to allocate Bitcoin. As of Thursday morning, Bitcoin was above $76,000, up 0.8% in 24 hours, but still down about 39% from its historical high of approximately $126,000.Pandl also compared Bitcoin with Zcash, noting that Grayscale has offered investment products for Zcash for about nine years. He believes that Zcash occupies an "underutilized and unexplored design space," rather than directly competing with Bitcoin, and pointed out that as artificial intelligence becomes more powerful, privacy issues are receiving more attention, with Zcash providing investors a way to express their views on personal and financial privacy.

Bitget has integrated with the official Nasdaq data source, becoming the first cryptocurrency platform in the industry to adopt this standard

According to official news from Bitget, Bitget has completed a comprehensive upgrade of its U.S. stock product market data source, officially connecting to the Nasdaq official data source, becoming the first cryptocurrency trading platform in the industry to adopt this data standard. Compared to the previous data model, Nasdaq official data can provide users with more accurate and timely market data, and maintain better price stability and continuity during periods of significant market fluctuations.To further ensure data quality, after connecting to the official data, Bitget has established a multi-layered assurance mechanism based on the official metadata, including data processing, real-time monitoring, quality comparison, simulation validation, and anomaly data filtering. Nasdaq, as a core data service provider long adopted by global financial markets, has had its data standards validated over many years in the traditional financial sector.This upgrade also marks a further deepening of Bitget's global asset trading infrastructure development. As the trading categories gradually expand from digital assets to global assets such as U.S. stocks, the platform will continue to enhance its underlying data, liquidity, and risk management capabilities, and introduce more mature institutional-level market standards to provide individual investors and institutional clients with a more stable and efficient cross-market trading experience, continuously enhancing the comprehensive competitiveness of its Universal Exchange (UEX).

first_img OpenAI's new model Astra can autonomously discover and exploit software vulnerabilities, rated as "critical" in cybersecurity capability level

OpenAI stated that its upcoming Astra model can autonomously discover previously unknown software vulnerabilities and convert them into usable attack vectors without human intervention, making it the company's first model to reach the "Critical" cybersecurity capability level threshold. In a blog post released on Tuesday, OpenAI mentioned that according to its Preparedness Framework, reaching this level means the model can discover zero-day vulnerabilities and develop usable exploit code in hardened real systems without human involvement, or design and execute attacks based solely on a high-level objective.In testing, Astra achieved a 100% score in benchmark tests for developing exploit code based on known vulnerabilities and discovered two previously unknown vulnerabilities in another internal test. Additionally, the model successfully broke through a hardened browser sandbox and executed commands on the host machine, while gaining root access by exploiting multiple weaknesses in the operating system. OpenAI stated that it has delayed some of Astra's development progress to enhance security measures and plans to make its advanced cybersecurity capabilities available only to selected testers.This capability is particularly relevant to the cryptocurrency industry, as software vulnerabilities can be converted into financial losses within minutes. CoinDesk reported in June that increasingly powerful AI models can compress the process of searching code, discovering misconfigurations, and assembling attacks from days or weeks to machine speed. Security researchers noted at the time that the significant change was not the emergence of new categories of attacks, but rather the dramatically increased speed at which existing vulnerabilities are discovered and exploited.
app_icon
ChainCatcher Building the Web3 world with innovations.