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The cryptocurrency research institution Delphi Digital released the latest report "How Far Can Saylor Stretch It," which systematically analyzes the Bitcoin (BTC) funding expansion mechanism of Strategy, pointing out that its financing structure is transitioning from "low-cost accumulation" to the "diminishing marginal efficiency" stage. The report shows that in the current asset accumulation system centered around Bitcoin, STRC has become the core financing tool for Strategy's continuous purchase of BTC. Initially, it relied on a significant premium in MSTR's stock price (mNAV far exceeding BTC's net value) to achieve a positive cycle of "issuance leads to accumulation," but as the valuation has fallen back to about 1.24 times the EV-based mNAV, the BTC per share enhancement effect from common stock issuance is nearing breakeven.At the same time, while convertible bond tools have played an important role historically, they have accumulated about $8.2 billion in principal and will face concentrated repayment pressure after September 2027, putting long-term sustainability of the financing structure under pressure. STRC provides a continuous financing source for Strategy by offering approximately 11.5% annualized monthly dividends to income-oriented investors, to maintain the pace of BTC purchases. However, this mechanism also introduces ongoing cash flow obligations, meaning that each round of financing increases BTC assets while simultaneously accumulating future dividend burdens.The report emphasizes key risk scenarios: if BTC prices remain stagnant and MSTR's premium fails to recover, then the "STRC financing purchase gain" may be gradually offset by "common stock dilution and dividend obligations." Although the company's approximately $2.25 billion cash reserves can cover about $1 billion in redemption pressure in 2027, larger-scale debt and dividend structures in 2028 still need to be addressed. Additionally, the current authorized issuance limit of about $28.3 billion for STRC becomes a critical constraint point. Once the limit is reached, the ability to purchase new BTC may slow down, but existing dividend obligations will continue to exist, thus altering the overall BTC per share dynamic growth path.

Messari's latest Pulse report provides an in-depth analysis of the early implementation progress of the Bitget AI trading system. The report points out that Bitget has built a four-layer AI product architecture that includes GetAgent (market analysis), GetClaw (autonomous execution), Agent Hub (developer access), and Gracy AI (strategy interaction). Data shows that Gracy AI attracted over 460,000 users just 11 days after its launch, generating more than 2.6 million replies and achieving an exposure of 390 million; GetAgent has surpassed 450,000 registered users, achieving over 100 million exposures during its early invitation testing phase and accumulating more than 25,000 waiting users.Messari emphasizes the infrastructure capabilities of Agent Hub in the report, noting that Bitget is currently the only trading platform that supports a complete calling system for MCP Server, REST/WebSocket API, Skills, and CLI. Currently, Agent Hub has integrated 5 analytical AI Skills and over 15 data tools, covering macro, technical, sentiment, and intelligence analysis comprehensively. The execution layer, GetClaw, builds a risk control defense line through sub-account isolation, sandbox drills, and funding limits, and has now integrated with Telegram, with plans to expand to Discord and app platforms in the future.Bitget CEO Gracy Chen stated that AI is becoming a core component of modern trading infrastructure, and early data indicates that users increasingly expect a complete integration of analysis, execution, and strategy within a single platform. Bitget is committed to lowering the professional trading threshold through AI technology, providing institutional-level trading experiences and decision support for 150 million users worldwide.

According to SlowMist founder Yu Xian (@evilcos), the core of the KelpDAO theft incident, which involved approximately $290 million, was a targeted poisoning attack on the downstream RPC infrastructure of LayerZero DVN (Decentralized Validator Network).The specific attack steps were: first, obtaining the list of RPC nodes used by LayerZero DVN, then breaching two independent clusters and replacing the op-geth binary file; using selective deception techniques to return forged malicious payloads only to DVN while returning real data to other IPs; simultaneously launching DDoS attacks on the unbreached RPC nodes, forcing DVN to failover to the poisoned nodes, completing the forged message verification, and then the malicious binary self-destructing and clearing logs. This ultimately led to LayerZero DVN issuing validations for "transactions that never occurred."

According to official social media news, following the positive reception of the "New Year First Lesson," Huobi Growth Academy has been fully upgraded and is launching a brand new high-end knowledge sharing IP, "Huobi Expert Lecture Hall." The first live broadcast will take place on April 8 from 20:00 to 23:00, featuring Mr. Kong Jianping, founder of Nano Labs and director of Hong Kong Cyberport, as the first guest speaker, who will conduct an in-depth sharing on "How to choose an AI company worth investing in?" Kong Jianping has nearly 15 years of deep industry experience and has successfully led Canaan Technology and Nano Labs to go public on NASDAQ, while also holding multiple key positions such as a member of the Hong Kong Third Generation Internet Development Task Force and a member of the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing Review Tribunal.It is reported that "Huobi Expert Lecture Hall" aims to build a bridge connecting traditional finance and the crypto world, and will continue to invite heavyweight industry figures in the future to provide forward-looking practical insights on macroeconomics, asset allocation, and more for Web2 and Web3 investors.

Gate successfully held the Gate Institutional Circle closed-door exchange event. The event, themed "Exploring Next-Generation Digital Asset Management," brought together representatives from asset management institutions, quantitative funds, family offices, and related professional service organizations in the Asia-Pacific region to discuss the next phase of digital asset management from an institutional practice perspective.Participants engaged in discussions around three main areas, including the evolution trend of the Web3 market from "crypto assets" to a "digital native asset system," the ongoing innovation of quantitative methods in a digital native environment, and the demand for specialization and capability building in institutional digital asset allocation.Leveraging its long-term experience in serving global institutions and professional traders, Gate provided a relatively focused and high-quality discussion environment for institutional participants. By creating a platform for sharing practices and exchanging views among institutions, Gate aims to promote the continuous exploration of the industry in the direction of specialization and standardization.

The latest episode of the Space live brand "WTalk" under the digital asset trading platform CoinW is now online, focusing on "Is Turbulence an Opportunity? Deep Dive into the Crypto Wealth Opportunities Behind the Venezuelan Crisis," providing a systematic interpretation of the recent geopolitical events' structural impact on crypto assets."WTalk" is a Web3 investment research Space brand under CoinW, focusing on wealth hotspots and technological trends. Through in-depth investment research and real-time live broadcasts, it guides users to explore value opportunities in every wave of trends. The program regularly invites industry researchers and seasoned practitioners for in-depth dialogues, systematically interpreting topics such as market dynamics, track opportunities, and macro trends, providing users with forward-looking insights and judgment basis to help them seize structural opportunities in every cycle.

ChainCatcher news, according to market sources, three informed individuals revealed that Musk's DOGE team is expanding the use of his AI chatbot Grok within the U.S. federal government to analyze data. Musk's team is using a customized version of the Grok chatbot.

ChainCatcher news, according to CrowdFund Insider, Ernst & Young (EY) has announced new artificial intelligence features for its blockchain analyzer: Smart Contract and Token Review (SC&TR) tool, aimed at enhancing smart contract vulnerability detection through broader code coverage and simplifying the contract simulation process for faster and more robust smart contract reviews.This AI feature allows users to automate and simulate the entire contract review process through natural language prompts and the tool's testing engine, significantly improving efficiency. This functionality is trained on a large number of existing testing and simulation libraries, supporting reviewers and enhancing vulnerability detection capabilities. Automation enables clients to achieve higher testing coverage while maintaining the same resources, while reducing the EY team's review time by 50%.Paul Brody, EY's Global Blockchain Leader, stated, "To fully realize the true value of smart contracts, businesses first need to eliminate the time-consuming and easily overlooked manual processes in testing. Our blockchain analyzer demonstrates how blockchain and AI can complement each other to achieve process automation and improvement."

ChainCatcher news, Solana meme coin leverage platform Lavarage co-founder Fire introduced the operation mechanism of its points system "Tephra" in a tweet:The Tephra points system aims to reflect users' contributions to the platform by rewarding their economic activities (such as paying transaction fees and increasing total locked value TVL), thereby promoting the alignment of interests and mutual growth between the platform and its users. Unlike other airdrops, Lavarage's points system creates long-term substantial value for the platform.Fire stated that the platform will gradually roll out 8 to 10 two-week "missions" for users to earn Tephra points (speculated that the token may be launched in the fourth quarter). The missions will balance the points distribution among traders, liquidity providers, and partners through engaging interactions, aiming to establish the fairest and optimal reciprocal structure before the token launch, maximizing its long-term value.The platform will recently clarify doubts for users through an AMA, aiming to strengthen the agreement and trust between the platform and its users. Fire looks forward to creating significant value with community members and achieving major breakthroughs in the DeFi space together.