News linked to both this project and an event.
Odaily News: A 2021 firmware vulnerability in the hardware wallet Coldcard resulted in insufficient randomness in some recovered seeds. Since July 30, attackers have transferred approximately 1,600 to 1,800 BTC from affected wallets, involving thousands of addresses, with an estimated value exceeding $100 million.Coldcard manufacturer Coinkite stated that it must be assumed that someone used AI to review its public firmware. The vulnerability has existed for about five years, and whether AI was involved in the related attacks has not yet been confirmed.Shielded Labs researcher Taylor Hornby used a Claude Opus 4.8 audit agent and discovered a vulnerability in the Zcash Orchard shielded pool circuit dating back to 2022, which in testing could generate unlimited counterfeit ZEC without a trace. Developers completed the fix within days, and no theft of coins has been confirmed.Statistics from blockchain analytics firm Chainalysis show that on-chain writes carrying malware instructions and command-and-control information rose from about 2.06 per day to 11.1 per day, an increase of 440%. (Bitcoin.com News)
According to data from the Korea Financial Investment Association, driven by a significant downturn in the stock market, on-exchange credit leverage has entered a phase of concentrated deleveraging. The cumulative forced liquidation amount for July has already reached 344.2 billion KRW, with a single-day liquidation volume of 142.2 billion KRW on July 9 alone. Due to a two-trading-day delay in the reporting of liquidation data, the clearing pressure triggered by the sharp drop in the KOSPI on the 13th has not yet been fully reflected in the statistics, leading market forecasts to anticipate a further increase in subsequent liquidation volumes.On July 13, the Korean stock market experienced severe volatility, with the KOSPI closing down 8.95% and triggering both the Sidecar selling suspension mechanism and a Level 1 circuit breaker during the session. The semiconductor sector led the decline, with SK Hynix falling 15.37%, marking its largest single-day drop in history, while Samsung Electronics closed down 10.7%. Currently, the margin balances and credit financing balances of Korean retail investors continue to shrink, with the market entrenched in a negative deleveraging cycle of "falling stock prices → forced liquidation → further decline in stock prices." (WSJ)
previously, multiple political parties in South Korea discussed including unrealized stock gains in comprehensive taxation, raising concerns about high-valuation tech stocks and triggering a circuit breaker on KOSPI. Affected by this news, SK Hynix's stock price fell over 8%, leading to increased trading attention in related contract markets.According to CoinGlass data, the total open interest for SK HYNIX contracts across the network is currently $184 million. The liquidity for this underlying asset is primarily concentrated on leading trading platforms, with Binance, Bitget, and OKX ranking in the top three for open interest. Their respective shares of open interest are 56.58% ($104 million), 15.81% ($29.05 million), and 11.4% ($20.96 million), collectively accounting for approximately 83% of the market share.