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Gate Research: US, Japanese, Korean, and Hong Kong Stocks Have Divergent Return Drivers, Gate Stocks Connect Four Core Markets
Odaily News: Gate Research has released its latest report on Gate TradFi connecting global markets, noting that the four markets—US, Japan, South Korea, and Hong Kong—have different sources of returns: US stocks rely on corporate earnings and technology investment, Japanese stocks benefit from governance reform and improved capital efficiency, Korean stocks are primarily driven by the semiconductor cycle, and Hong Kong stocks depend on Chinese corporate earnings, capital flows, and changes in risk premiums.Since 2016, US and Korean stocks have delivered similar annualized returns, but Korean stocks have notably higher volatility and drawdowns; Japanese stocks offer some diversification value, while Hong Kong stocks have undergone a longer valuation recovery cycle. Backtesting shows that cross-market diversification can reduce reliance on any single market, and trend rotation can help improve drawdowns, but neither can eliminate systemic risk, and higher turnover may increase trading costs.Gate TradFi incorporates US, Japanese, Korean, and Hong Kong stocks into a unified stock account, covering over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, over 1,000 Korean stocks, and approximately 300 Japanese stocks, totaling coverage of more than 12,800 stock and ETF assets globally. The platform further connects index, forex, and metals market data, enabling investors to conduct cross-regional market comparisons, asset screening, and portfolio management within the same trading environment, expanding multi-asset observation and trading scenarios.
Strategy Spends $950 Million on Buybacks, STRC on Track to Return to $100 Par Value
Odaily News — Strategy is using large-scale buybacks to push the price of its perpetual preferred stock STRC back toward its $100 par value, in a bid to restore its Bitcoin financing capacity. Between July 20 and September 13, Strategy repurchased a total of 9.96 million STRC shares for approximately $950 million, accounting for about 18% of the trading volume during the same period. Of that, roughly $765 million can be traced to sales of MSTR common stock, while another approximately $161 million came from Bitcoin reductions.STRC had previously fallen to around $70, and has recently rebounded to as high as about $99. Analysts believe that only when STRC's price approaches or climbs above its $100 par value can Strategy effectively reissue the security and use the proceeds to purchase Bitcoin. However, after Strategy pulls back and reduces its buybacks, whether STRC can continue to hold near par value remains uncertain. (Bloomberg)
"1011 Insider Whale" Representative: SK Hynix Rebound May Be Short Covering, AI Storage Cycle Enters Return Verification Stage
"1011 Insider Whale" representative Garrett Jin released a weekly analysis stating that while he previously suggested gradually positioning in memory chips and buying on dips, the market did not experience the expected pullback. He has sold half of his previous rebound positions during the surge, not because the investment logic has changed, but due to concerns regarding the capital structure driving the rise, stating, "This looks more like a short squeeze than a final confirmation of fundamentals by the market." Rapid capital covering short positions can create short-term gains for memory chip stocks like SK Hynix, but cannot sustain the trend alone. Risks associated with Korean leveraged ETFs have not been fully released, but the decline in asset size is mainly due to NAV shrinkage rather than investor exit. Currently, cumulative net subscriptions for related financial products remain at historic highs and have not turned negative. Garrett Jin emphasized that the decline in Korean leveraged ETF size does not indicate market bearishness on memory demand. SK Hynix's 2026 capacity is already sold out, and Micron's orders are covered until 2028, with demand remaining strong through the second half of 2027. However, the memory industry is essentially still cyclical. Stock prices have already surged by hundreds of percentage points in advance, and cyclical stocks are typically difficult to sustain long-term growth driven solely by valuation expansion. The current market is entering a new phase of the AI capital expenditure cycle, shifting from "rewarding investment" to "evaluating investment returns." Regarding Bitcoin, Garrett Jin stated it continues to meet the bottoming conditions established since the July lows, and he currently maintains the position view established near $60,000.
NEAR Intents Claims It Has Confirmed the Hacker's Identity, Demands Return of $3.8 Million in Stolen Funds Within 48 Hours
According to Cointelegraph, Alex Shevchenko, General Manager of NEAR Intents, stated that the team has identified the hackers behind the previous security incident and given them a 48-hour deadline to return the stolen funds through a "responsible disclosure." NEAR Intents previously suspended its services due to a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. Initial investigations revealed that approximately $3.8 million in user funds were stolen in the 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 cross-chain converted into Bitcoin.
NEAR Intents Hit by $3.8 Million Exploit, Gives Hacker 48 Hours to Return Funds
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
Recovering £851,400: UK FCA Plans to Return Funds to Crypto Scam Victims
Odaily News: The UK Financial Conduct Authority has obtained a court order requiring two individuals involved in a fraudulent crypto investment scheme to jointly repay £851,400, with plans to return the funds to victims. At least 65 investors suffered combined losses of £1.54 million, and the recovered amount accounts for approximately half of the total losses.
Over 50 BTC Rescued from COLDCARD Entropy Vulnerability Wallets, Funds Transferred to Crypto Recovery Trust Pending Return
Odaily News: According to Bitcoin News monitoring, DART stated that it and independent white-hat researchers have recovered over 50 BTC from wallets affected by the COLDCARD entropy vulnerability, completing the transfer before malicious attackers could steal the funds. DART is a digital asset recovery organization that works with white-hat researchers to protect vulnerable funds and coordinate their lawful return to owners. The white-hat researchers did not request a bounty and will return the Bitcoin to its owners.The rescued BTC has been transferred to the Crypto Recovery Trust. This trust is a dedicated statutory trust established under Wyoming state law to hold recovered digital assets and return them after confirming and verifying the legitimate owners. The trust will document the recovery process, separate the BTC from DART and researchers' funds, conduct blockchain analysis, ownership verification, and sanctions screening, and provide a lawful return process for verified owners. If ownership is disputed, or if the relevant funds involve sanctions or criminal proceedings, the BTC will be handled in accordance with applicable legal procedures. DART stated that other vulnerable assets and recovery leads are still under review.
SK Hynix, Samsung Shareholder Return Plans Questioned: Micron and SanDisk Propose 100% Return of Excess Cash
Odaily News: After Samsung Electronics and SK Hynix announced shareholder return plans aimed at allocating more than 50% of free cash flow (FCF) to shareholder returns, SanDisk and Micron have proposed returning 100% of "excess cash" to shareholders, raising questions about the relatively low level of shareholder returns among South Korean semiconductor companies. However, industry and financial institutions in South Korea point out that the cash metrics underlying the two types of policies are not defined the same way, making it unfair to directly compare the "50%" and "100%" ratios. Industry insiders believe that the FCF-based return policies of Korean companies actually offer greater certainty in terms of amount forecasting, implementation standards, and transparency.It is understood that FCF typically refers to the cash remaining after deducting capital expenditures (CAPEX) and other investment outlays from cash generated by operating activities, and can be objectively calculated using data from cash flow statements. Samsung Electronics previously announced that 50% of its cumulative FCF from 2024 to 2026 would be allocated to shareholder returns; SK Hynix also plans to allocate more than 50% of cumulative FCF to shareholder returns over the 2025–2027 period. (Yonhap)
Analysis: Bitcoin Releases Late-Bear Market Signals, Liquidity Return May Trigger Next Round of Volatility
Odaily News Bitfinex's latest report indicates that Bitcoin (BTC) has been fluctuating within a narrow range recently, with volatility, trading activity, and market liquidity all compressed to levels similar to those seen at the end of a bear market.Currently, Bitcoin's price remains above the "Median Realised Price" of around $63,200, while the key level for short-term holders (STH) to achieve overall profitability stands at $67,176. Meanwhile, market demand is weakening: U.S. spot Bitcoin ETFs recorded net outflows of approximately $385 million last week, corporate Bitcoin reserve-related activity has turned negative, spot trading volume has fallen to multi-year lows, and Bitcoin transfer speed has dropped to its lowest level in seven years.Bitfinex stated that in the current extremely thin liquidity environment, even slight changes in capital flows could trigger significant Bitcoin price fluctuations. At the same time, weak retail activity, declining real income, and deteriorating consumer confidence indicate that U.S. household demand is under pressure. Bitfinex noted that the current market shows a clear divergence: accommodative financial conditions are driving traditional risk assets higher, but the crypto market has not yet received corresponding capital inflows.Bitfinex believes that the core market question has shifted from "whether monetary policy will improve" to "whether improved liquidity can translate into capital inflows for crypto assets." If Bitcoin spot ETFs resume sustained net inflows in the future, coupled with stablecoin supply expansion, this would signal a restart of the crypto market's liquidity transmission mechanism and could become a key catalyst for BTC breaking out of its prolonged low-volatility state.Before capital returns, although the macro environment is gradually improving, the crypto market's upside still lacks capital support. However, given that market participation has dropped to extremely low levels and BTC continues to hold key realized price support levels, once liquidity re-enters the market, it could trigger violent fluctuations. The current structure leans toward an upward breakout once demand recovers.
Profit of $67,600: A Trader Achieves 1,190% Return Trading SUPER IGUANA on Robinhood Chain
Odaily News: According to Onchain Lens monitoring, a trader bought 3.8 million SI on Robinhood Chain at an average market cap of $1.48 million for $5,670, then sold 2.3 million SI for $42,200, and still holds 1.6 million SI, worth approximately $31,000. The trader's cumulative profit reached $67,600, with a return rate of 1,190%, of which $27,700 is unrealized profit.
NEAR Intents Claims It Has Confirmed the Hacker's Identity, Demands Return of $3.8 Million in Stolen Funds Within 48 Hours
According to Cointelegraph, Alex Shevchenko, General Manager of NEAR Intents, stated that the team has identified the hackers behind the previous security incident and given them a 48-hour deadline to return the stolen funds through a "responsible disclosure." NEAR Intents previously suspended its services due to a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. Initial investigations revealed that approximately $3.8 million in user funds were stolen in the 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 cross-chain converted into Bitcoin.
NEAR Intents Hit by $3.8 Million Exploit, Gives Hacker 48 Hours to Return Funds
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
884% Return: An Address Deposits 9,000 QNT into Coinbase and Kraken After Holding for 7 Years
Odaily News: According to on-chain analyst Ai Yi's monitoring, an address withdrew 53,632.95 QNT from various exchanges between May 2019 and November 2022, worth $1.21 million, with a cost as low as $22.57. One hour ago, this address deposited 9,000 QNT into Coinbase and Kraken, worth $1.998 million, at a deposit price of $222.09, representing a return of 884%.
From $3,207 to $437,000: A Whale's Return Exceeds 134x in 10 Days
according to on-chain analyst Aunt Ai's monitoring, address 4RS3H…Ldq2Z spent $3,207 to buy 10 million PAID tokens 10 days ago, with an average cost of only $0.0003197. As PAID hit an all-time high today, the address currently has unrealized gains of approximately $437,000, representing a return on investment of over 13,493%.
"Set 10 Big Goals First" BTC Long Position Shows Over $12.26 Million in Unrealized Profit, Return Rate Approximately 26.19%
Odaily News: According to on-chain analyst Aunt AI's monitoring, the whale "Set 10 Big Goals First" currently has an unrealized profit of over $12.26 million on their BTC long position, with a return rate of approximately 26.19%.They had previously stated multiple times that a market reversal trend has arrived and would maintain a long strategy. On August 28, they publicly mentioned adding to their BTC position in the $78,000 to $79,800 price range. Based on current data, the actual position is 2,206.71 BTC, worth approximately $187 million, with an average entry price of about $79,470.92.
NEAR Intents Claims It Has Confirmed the Hacker's Identity, Demands Return of $3.8 Million in Stolen Funds Within 48 Hours
According to Cointelegraph, Alex Shevchenko, General Manager of NEAR Intents, stated that the team has identified the hackers behind the previous security incident and given them a 48-hour deadline to return the stolen funds through a "responsible disclosure." NEAR Intents previously suspended its services due to a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. Initial investigations revealed that approximately $3.8 million in user funds were stolen in the 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 cross-chain converted into Bitcoin.
NEAR Intents Hit by $3.8 Million Exploit, Gives Hacker 48 Hours to Return Funds
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
Over 50 BTC Rescued from COLDCARD Entropy Vulnerability Wallets, Funds Transferred to Crypto Recovery Trust Pending Return
Odaily News: According to Bitcoin News monitoring, DART stated that it and independent white-hat researchers have recovered over 50 BTC from wallets affected by the COLDCARD entropy vulnerability, completing the transfer before malicious attackers could steal the funds. DART is a digital asset recovery organization that works with white-hat researchers to protect vulnerable funds and coordinate their lawful return to owners. The white-hat researchers did not request a bounty and will return the Bitcoin to its owners.The rescued BTC has been transferred to the Crypto Recovery Trust. This trust is a dedicated statutory trust established under Wyoming state law to hold recovered digital assets and return them after confirming and verifying the legitimate owners. The trust will document the recovery process, separate the BTC from DART and researchers' funds, conduct blockchain analysis, ownership verification, and sanctions screening, and provide a lawful return process for verified owners. If ownership is disputed, or if the relevant funds involve sanctions or criminal proceedings, the BTC will be handled in accordance with applicable legal procedures. DART stated that other vulnerable assets and recovery leads are still under review.
Coldcard Hacker Wallet Becomes "Blockchain Message Wall," Holding Over $36 Million in Stolen BTC
According to CoinDesk, since the Coldcard hardware wallet vulnerability incident erupted on July 30, the wallet address associated with the hackers (bc1qq85v2c926eg6pgxhwp6q7lf6cnsz80qs3fcu9r) has received multiple Bitcoin transfers accompanied by text messages. The wallet currently holds approximately $36 million in stolen assets, and confirmed losses from this incident have exceeded $100 million. The aforementioned information was written on-chain via Bitcoin's OP_RETURN function and permanently stored on the blockchain. The content covers victims' pleas for compensation (such as "You stole, please return some," "Return 80% of my 5 BTC"), solicitations for money laundering services ("I launder BTC, taking a 10% commission," with Telegram contact information included), and even fundraising requests completely unrelated to the incident, varying in nature.
Crypto Whale Sues Coinbase for Refusing to Return $55 Million in Stolen Funds
According to Decrypt, an anonymous cryptocurrency whale filed a lawsuit against Coinbase this week in the U.S. District Court for the Northern District of California, accusing the exchange of refusing to return over $55 million worth of DAI stablecoins stolen in a phishing attack in 2024. The plaintiff claims to have engaged multiple on-chain investigation firms to trace the funds, ultimately identifying that the stolen assets flowed into a Coinbase account. Coinbase confirmed in December 2024 that it had frozen the relevant assets but refused to return them, citing the need for a court order. As of today—more than a year and a half after the incident—the victim has still not recovered the assets and has therefore turned to litigation. The attack was carried out by hackers using the “Inferno Drainer” tool to spoof the DeFi Saver login page; after the victim inadvertently interacted with the fake page, their wallet was fully compromised by the attackers.
$190 Billion USDT Expected to Return to Bitcoin Network This Month
Odaily Report: USDT is expected to return to the Bitcoin network this month through infrastructure developed by Utexo, a project backed by Tether. Utexo plans to support private USDT transfers, direct swaps between native Bitcoin and USDT, and loans collateralized by native Bitcoin. (CoinDesk)
Gate Research: US, Japanese, Korean, and Hong Kong Stocks Have Divergent Return Drivers, Gate Stocks Connect Four Core Markets
Odaily News: Gate Research has released its latest report on Gate TradFi connecting global markets, noting that the four markets—US, Japan, South Korea, and Hong Kong—have different sources of returns: US stocks rely on corporate earnings and technology investment, Japanese stocks benefit from governance reform and improved capital efficiency, Korean stocks are primarily driven by the semiconductor cycle, and Hong Kong stocks depend on Chinese corporate earnings, capital flows, and changes in risk premiums.Since 2016, US and Korean stocks have delivered similar annualized returns, but Korean stocks have notably higher volatility and drawdowns; Japanese stocks offer some diversification value, while Hong Kong stocks have undergone a longer valuation recovery cycle. Backtesting shows that cross-market diversification can reduce reliance on any single market, and trend rotation can help improve drawdowns, but neither can eliminate systemic risk, and higher turnover may increase trading costs.Gate TradFi incorporates US, Japanese, Korean, and Hong Kong stocks into a unified stock account, covering over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, over 1,000 Korean stocks, and approximately 300 Japanese stocks, totaling coverage of more than 12,800 stock and ETF assets globally. The platform further connects index, forex, and metals market data, enabling investors to conduct cross-regional market comparisons, asset screening, and portfolio management within the same trading environment, expanding multi-asset observation and trading scenarios.
DoubleZero Co-founder Responds to FUD: Firmly Supports Solana, Will Return 45% of Shred Service Revenue
Odaily News: DoubleZero co-founder Austin Federa posted on X platform stating that DoubleZero operates the raw Shred service, can provide related services at lower costs, and returns 45% of the revenue to validators. However, recently in some private chats, certain "well-known industry figures" have been spreading baseless FUD. Nevertheless, DoubleZero will remain firmly committed to supporting Solana. DoubleZero currently provides free high-speed connectivity for over 60% of Solana staking, with approximately 75% of Solana validators using DoubleZero, and more services for Solana will be launched in the future.
Return rate of 118,483%: An address invested $487.6 in LONG and other tokens before Arc mainnet launch
Odaily reports: According to on-chain analyst Ai Yi's monitoring, an address bridged CRCL from the Robinhood network to the Arc network via Long on September 8, and subsequently invested $487.6 across three tokens: LONG, BITCOIN, and USDC. The cost basis for LONG was $0.0000136. Currently, the address has an unrealized profit of $578,000, representing a return rate of 118,483%.
Analysis: Bitcoin Releases Late-Bear Market Signals, Liquidity Return May Trigger Next Round of Volatility
Odaily News Bitfinex's latest report indicates that Bitcoin (BTC) has been fluctuating within a narrow range recently, with volatility, trading activity, and market liquidity all compressed to levels similar to those seen at the end of a bear market.Currently, Bitcoin's price remains above the "Median Realised Price" of around $63,200, while the key level for short-term holders (STH) to achieve overall profitability stands at $67,176. Meanwhile, market demand is weakening: U.S. spot Bitcoin ETFs recorded net outflows of approximately $385 million last week, corporate Bitcoin reserve-related activity has turned negative, spot trading volume has fallen to multi-year lows, and Bitcoin transfer speed has dropped to its lowest level in seven years.Bitfinex stated that in the current extremely thin liquidity environment, even slight changes in capital flows could trigger significant Bitcoin price fluctuations. At the same time, weak retail activity, declining real income, and deteriorating consumer confidence indicate that U.S. household demand is under pressure. Bitfinex noted that the current market shows a clear divergence: accommodative financial conditions are driving traditional risk assets higher, but the crypto market has not yet received corresponding capital inflows.Bitfinex believes that the core market question has shifted from "whether monetary policy will improve" to "whether improved liquidity can translate into capital inflows for crypto assets." If Bitcoin spot ETFs resume sustained net inflows in the future, coupled with stablecoin supply expansion, this would signal a restart of the crypto market's liquidity transmission mechanism and could become a key catalyst for BTC breaking out of its prolonged low-volatility state.Before capital returns, although the macro environment is gradually improving, the crypto market's upside still lacks capital support. However, given that market participation has dropped to extremely low levels and BTC continues to hold key realized price support levels, once liquidity re-enters the market, it could trigger violent fluctuations. The current structure leans toward an upward breakout once demand recovers.
"1011 Insider Whale" Representative: SK Hynix Rebound May Be Short Covering, AI Storage Cycle Enters Return Verification Stage
"1011 Insider Whale" representative Garrett Jin released a weekly analysis stating that while he previously suggested gradually positioning in memory chips and buying on dips, the market did not experience the expected pullback. He has sold half of his previous rebound positions during the surge, not because the investment logic has changed, but due to concerns regarding the capital structure driving the rise, stating, "This looks more like a short squeeze than a final confirmation of fundamentals by the market." Rapid capital covering short positions can create short-term gains for memory chip stocks like SK Hynix, but cannot sustain the trend alone. Risks associated with Korean leveraged ETFs have not been fully released, but the decline in asset size is mainly due to NAV shrinkage rather than investor exit. Currently, cumulative net subscriptions for related financial products remain at historic highs and have not turned negative. Garrett Jin emphasized that the decline in Korean leveraged ETF size does not indicate market bearishness on memory demand. SK Hynix's 2026 capacity is already sold out, and Micron's orders are covered until 2028, with demand remaining strong through the second half of 2027. However, the memory industry is essentially still cyclical. Stock prices have already surged by hundreds of percentage points in advance, and cyclical stocks are typically difficult to sustain long-term growth driven solely by valuation expansion. The current market is entering a new phase of the AI capital expenditure cycle, shifting from "rewarding investment" to "evaluating investment returns." Regarding Bitcoin, Garrett Jin stated it continues to meet the bottoming conditions established since the July lows, and he currently maintains the position view established near $60,000.
Related news
"Onchain Robin Hood"? $422K Profit in 5 Weeks, Fomo User scout's ZCAT Investment Hits 33x Return
According to Arkham monitoring, Fomo user "scout" invested $12,700 in ZCAT 5 weeks ago when its market cap was $228,000. The value of their ZCAT holdings once reached $1.65 million at the all-time high. Currently, the user has cashed out $19,000 and still holds ZCAT worth $416,800, with a profit of $422,000 and a return of 33x.
Profit of $67,600: A Trader Achieves 1,190% Return Trading SUPER IGUANA on Robinhood Chain
Odaily News: According to Onchain Lens monitoring, a trader bought 3.8 million SI on Robinhood Chain at an average market cap of $1.48 million for $5,670, then sold 2.3 million SI for $42,200, and still holds 1.6 million SI, worth approximately $31,000. The trader's cumulative profit reached $67,600, with a return rate of 1,190%, of which $27,700 is unrealized profit.
$190 Billion USDT Expected to Return to Bitcoin Network This Month
Odaily Report: USDT is expected to return to the Bitcoin network this month through infrastructure developed by Utexo, a project backed by Tether. Utexo plans to support private USDT transfers, direct swaps between native Bitcoin and USDT, and loans collateralized by native Bitcoin. (CoinDesk)
NEAR Intents Claims It Has Confirmed the Hacker's Identity, Demands Return of $3.8 Million in Stolen Funds Within 48 Hours
According to Cointelegraph, Alex Shevchenko, General Manager of NEAR Intents, stated that the team has identified the hackers behind the previous security incident and given them a 48-hour deadline to return the stolen funds through a "responsible disclosure." NEAR Intents previously suspended its services due to a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. Initial investigations revealed that approximately $3.8 million in user funds were stolen in the 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 cross-chain converted into Bitcoin.
NEAR Intents Hit by $3.8 Million Exploit, Gives Hacker 48 Hours to Return Funds
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
Gate Research: US, Japanese, Korean, and Hong Kong Stocks Have Divergent Return Drivers, Gate Stocks Connect Four Core Markets
Odaily News: Gate Research has released its latest report on Gate TradFi connecting global markets, noting that the four markets—US, Japan, South Korea, and Hong Kong—have different sources of returns: US stocks rely on corporate earnings and technology investment, Japanese stocks benefit from governance reform and improved capital efficiency, Korean stocks are primarily driven by the semiconductor cycle, and Hong Kong stocks depend on Chinese corporate earnings, capital flows, and changes in risk premiums.Since 2016, US and Korean stocks have delivered similar annualized returns, but Korean stocks have notably higher volatility and drawdowns; Japanese stocks offer some diversification value, while Hong Kong stocks have undergone a longer valuation recovery cycle. Backtesting shows that cross-market diversification can reduce reliance on any single market, and trend rotation can help improve drawdowns, but neither can eliminate systemic risk, and higher turnover may increase trading costs.Gate TradFi incorporates US, Japanese, Korean, and Hong Kong stocks into a unified stock account, covering over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, over 1,000 Korean stocks, and approximately 300 Japanese stocks, totaling coverage of more than 12,800 stock and ETF assets globally. The platform further connects index, forex, and metals market data, enabling investors to conduct cross-regional market comparisons, asset screening, and portfolio management within the same trading environment, expanding multi-asset observation and trading scenarios.