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Project Overview
TST is a test token (not an official project), initially launched by the BNB Chain team on the Four.Meme platform solely for demonstrating how to create a Meme token in an educational video.
Morgan Stanley: Cloud Giants' Growth Rate Surges to 48%, DDOG and Others Face Test of High Expectations
According to TechFlow Research, Morgan Stanley's research report on August 6 pointed out that the combined growth rate of the three major cloud vendors in Q2 jumped from 39% to 48%, accelerating for five consecutive quarters. AWS grew 37% (fastest in 18 quarters), Azure increased 43%, and Google Cloud increased 82%. AWS's AI annualized revenue has exceeded $25 billion, with triple-digit growth. Azure's PostgreSQL revenue increased 55% (accelerating for three consecutive quarters), and Fabric paying customers exceeded 40,000, up 60%. Morgan Stanley believes AI consumption is driving core infrastructure demand, creating a positive backdrop for DDOG, SNOW, and MDB. However, expectations are also rising simultaneously. Market expectations for DDOG's Q2 growth rate are 35% to 36%, with valuation corresponding to approximately 69 times 2028 FCF; any signal below expectations could be amplified. Most of SNOW's consumption comes from AWS, and cloud acceleration is a positive signal for product revenue. MDB is unlikely to see an AI inflection point in the short term, but competitive pressure is increasing. Morgan Stanley maintains an Overweight rating on all three companies, with target prices of $300, $300, and $380 respectively. Whether demand exists no longer needs verification; the question the market needs to ask is whether demand is good enough to support current valuations.
AI Investment Boom Faces Key Test: SK Hynix’s US Listing Could Be a Major Barometer
South Korean memory chip giant SK Hynix is set to list on the Nasdaq this Friday, becoming another highly anticipated large-cap tech company to debut in the US, following SpaceX. It is reported that SK Hynix plans to raise approximately $28 billion through an American Depositary Receipt (ADR) offering. As one of Nvidia's key suppliers, SK Hynix primarily produces High Bandwidth Memory (HBM), DRAM, and NAND flash products, with its business benefiting from the growing storage demand driven by the expansion of AI infrastructure.Market analysts believe that SK Hynix's US listing will serve as a crucial test of investor appetite for the next wave of AI technology IPOs. Over the past 12 months, its shares listed in South Korea have surged approximately 770%, outperforming rival Micron Technology's roughly 700% gain during the same period. SK Hynix's listing reflects the AI industry's investment fever spreading from large-scale models and computing chips to the storage and semiconductor supply chain. The market expects the second half of 2026 could see more waves of major IPOs from AI and tech companies. (Fortune)
HashKey Launches Hong Kong Compliant Stablecoin HKDAP Test Distribution
HashKey has become an authorized distributor for Anchorpoint's HKD stablecoin HKDAP, launched beta testing, and completed the first minting and redemption transaction.
JPMorgan: Semiconductor Buy-Side Expectations Above Guidance, 9 Stocks Including onsemi Face Earnings Test
According to TechFlow Research, a buy-side survey by JPMorgan on August 3 showed that for most of the nine semiconductor and hardware companies, buy-side expectations were higher than company guidance. onsemi (ON) Q2 revenue buy-side average was $1.61 billion (guidance $1.59 billion), gross margin 39.5% (guidance 39.0%), EPS $0.75 (guidance $0.71), and FY2027 EPS average $3.57 (guidance $3.11). Approximately 60% of respondents expect ON to slightly raise its 2026 AI revenue target (currently around $500 million). After a stock price drawdown of approximately 25%, ON has shifted from net short to slightly net short, with earnings implied volatility at 7.5%. For the eight companies AMAT, AMD, ANET, COHR, CSCO, LITE, SNDK, and WDC, buy-side average revenue, gross margin, and EPS were all higher than company guidance. JPMorgan believes that July AI momentum unwinding led to a significant drawdown in the semiconductor sector, but buy-side expectations for earnings are not low, creating a contrast between buy-side expectations and stock price pessimism. AMAT earnings implied volatility of 18% is significantly higher than the historical average, indicating the bar for beating expectations is rising. ON is an exception; AI expectations are extremely low, instead leaving room for earnings to beat expectations.
Baidu Apollo Go Obtains Hong Kong's First Fully Driverless Test License, Trial Operation Launches on July 27
According to official announcements, Baidu Apollo Go has received the Hong Kong Transport Department's first fully driverless test license and will commence trial operations on Airport Island on July 27. This marks the first Level 4 autonomous driving test without safety drivers on public roads in Hong Kong, as well as the first fully driverless trial in the global right-hand drive market. Over the past year and a half, Apollo Go has accumulated over 240,000 kilometers of safe driving across various locations in Hong Kong.
Privacy Coins Face Major Regulatory Test, Huobi HTX to Host Live Stream Focusing on Privacy Coins' Life-or-Death Situation
According to official social media channels, Huobi HTX will host a themed debate competition at 20:00 today titled "Life-or-Death Showdown Between Privacy and Regulation: Will Privacy Coins Ultimately Be Eliminated, or Will They Surge in the Darkest Hour?" During the event, Yige, Goubao, Draco, and Qiangge, as representatives of the affirmative side, will debate against negative side representatives DaDa, ZuoZuoMuXingYe, Huoshange, and FomoDao, engaging in a fierce exchange on hot topics such as the future development of privacy coins, regulatory pressure, technical value, and market demand.
EU Cross-Border Financial Control Mechanism Raises Alarm: Philippines’ Crypto Regulation Faces Sovereignty Test
According to BusinessMirror, columnist John Mangun wrote that the European Commission’s recent proposal for the first “comprehensive third-country crypto-asset services ban” against Russia reveals an underlying logic: wealthy blocs of nations can impose their policies extraterritorially on any country connected to their financial systems—a development with profound warning implications for developing countries like the Philippines. Remittances account for approximately 9% of the Philippines’ GDP, and the share channeled through crypto continues to rise. While the central bank has established a regulatory framework for virtual asset service providers (VASPs), its regulatory authority stops at the national border. Citing the Philippines’ 2021 placement on the Financial Action Task Force (FATF) “gray list,” the article notes that once external financial linkages are severed, compliance costs will cascade downward—ultimately borne by ordinary overseas-worker remittance-receiving households. The author warns that the Philippines’ current debt-to-GDP ratio has reached 63.2%, the highest in two decades. If crypto regulation is treated solely as a consumer protection issue—while overlooking its deeper implications for capital account management and fiscal sovereignty—the country may face a “Roosevelt-style four-day ultimatum” unprepared.
Arthur Hayes: Rising Oil Prices, AI-Related IPOs, and Trump's Anti-AI Rhetoric Could Pop the AI Bubble and Drag Down the Crypto Market
Odaily News, June 9th — BitMEX co-founder Arthur Hayes stated in his latest article "Reality Test" that if oil prices continue to rise due to the US-Iran conflict, it could trigger a collapse of the AI stock bubble and drag the entire crypto market down.Hayes said that if traffic restrictions in the Strait of Hormuz persist deep into the second quarter, spot prices for hydrocarbons and other key commodities could rise in the third quarter. If oil prices continue to climb and inflationary pressures impact the US midterm elections, Trump might pivot to a tough stance targeting data center construction, AI regulation, and taxation. Hayes believes the market could anticipate Trump limiting AI capital expenditure and taxing AI companies, thereby triggering the burst of the AI stock bubble.Hayes also noted that since November 2022, the scale of AI-related debt issuance has been approximately $1.5 trillion, and US M2 has increased by roughly the same amount during the same period. He believes the three factors that could pop the AI bubble include rising energy costs, the market's inability to absorb three major AI-related IPOs — namely SpaceX, Anthropic, and OpenAI — and Trump's shift to opposing AI. In terms of portfolio, Hayes stated that Maelstrom's stock portfolio holds significant positions in US-listed energy producers; he has sold AI-related stocks and offloaded non-core crypto assets, having dumped HYPE, NEAR, and WLD last week, as well as selling ZEC due to the Orchard Pool vulnerability. He still holds Bitcoin and ETH and will execute tactical short trades via derivatives.
Optimism governance vote sparks controversy: 5.469 million OP tokens redirected from user airdrop to ecosystem fund
an Optimism community governance proposal has been passed, reallocating 546.9 million OP tokens originally intended for user airdrops to the "Strategic Ecosystem Fund" managed by the Optimism Foundation, sparking discussions within the community over governance transparency and user rights.The OP tokens involved in this proposal account for approximately 12.7% of the total supply, valued at around $49.7 million at current prices. The Optimism Foundation stated that as the ecosystem strategy shifts toward institutional adoption and enterprise partnerships, large-scale user airdrops no longer fully align with the current development direction, and unused tokens can be deployed for ecosystem incentives, partnership building, and enterprise-level project expansion.The vote ultimately passed with 17.974 million OP in favor and 10.931 million OP against. The pivotal turning point came 16 minutes and 52 seconds before the vote closed, when Test in Prod (delegate.testinprod-io.eth), the core development team of the Optimism ecosystem, cast 8.486 million OP in support, raising the approval ratio from 45.77% to 61.84% and ultimately pushing the proposal through.Excluding Test in Prod's vote, the proposal's support rate would stand at only 46.47%, failing to pass, and the relevant tokens would likely have remained in the user allocation pool. The Optimism Foundation previously committed to disclosing the cumulative usage of the fund and related outcomes through annual budget reports. This vote has also reignited discussions about the influence of "large delegated voting power" in DAO governance and the balance of token holder rights. (CoinDesk)
Uniswap Founder Responds to Test Tokens: Cancel Test Token Creator Fees and Transfer to Automatic Buyback and Burn Contract
Uniswap founder Hayden Adams stated that tokens created during the previous Pools.trade testing process were not expected to be discovered externally. In response, Uniswap has canceled all creator fee rights related to employee test tokens and transferred them all to an automatic buyback and burn contract.
Arthur Hayes: Rising Oil Prices, AI-Related IPOs, and Trump's Anti-AI Rhetoric Could Pop the AI Bubble and Drag Down the Crypto Market
Odaily News, June 9th — BitMEX co-founder Arthur Hayes stated in his latest article "Reality Test" that if oil prices continue to rise due to the US-Iran conflict, it could trigger a collapse of the AI stock bubble and drag the entire crypto market down.Hayes said that if traffic restrictions in the Strait of Hormuz persist deep into the second quarter, spot prices for hydrocarbons and other key commodities could rise in the third quarter. If oil prices continue to climb and inflationary pressures impact the US midterm elections, Trump might pivot to a tough stance targeting data center construction, AI regulation, and taxation. Hayes believes the market could anticipate Trump limiting AI capital expenditure and taxing AI companies, thereby triggering the burst of the AI stock bubble.Hayes also noted that since November 2022, the scale of AI-related debt issuance has been approximately $1.5 trillion, and US M2 has increased by roughly the same amount during the same period. He believes the three factors that could pop the AI bubble include rising energy costs, the market's inability to absorb three major AI-related IPOs — namely SpaceX, Anthropic, and OpenAI — and Trump's shift to opposing AI. In terms of portfolio, Hayes stated that Maelstrom's stock portfolio holds significant positions in US-listed energy producers; he has sold AI-related stocks and offloaded non-core crypto assets, having dumped HYPE, NEAR, and WLD last week, as well as selling ZEC due to the Orchard Pool vulnerability. He still holds Bitcoin and ETH and will execute tactical short trades via derivatives.
Analyst: Coinbase Faces Critical Support Test Next Week; Holding Above $141 Could Trigger a Rally to $185
Crypto analyst Ali posted on X, stating that Coinbase will face a critical technical test next week. If it holds above $141, it could trigger a rebound and potentially rally toward $185; however, if it breaks below this key support level, further downside risk looms, with a potential target near $74. Meanwhile, analyst Hussein Kashmar noted that the weekly support level at $145 is also highly significant—this zone has historically attracted strong buying interest. Market participants are now watching closely to see whether bulls can successfully defend this current support area. Should buying pressure fail to materialize effectively, Coinbase may retreat further into the prior breakout range of $100–$115.
Arthur Hayes：已清仓HYPE和NEAR持仓，将于下周二解释原因
Arthur Hayes 在 X 平台发文表示，他已清仓全部 HYPE 和 NEAR 持仓，并将在下周二发布的文章“Reality Test”中解释原因。Arthur Hayes 称，伊朗战争和库存补充将推高能源价格；当前至第三季度初之间将有 3 家大型 AI 企业 IPO；预测特朗普将为帮助共和党赢得中期选举而转向反 AI；其认为市场高点将在当前至 9 月之间出现；现在是止盈的时候，可以在无需担心持仓的情况下抽身。
Still Holding $2.39 Billion in BTC, Mt. Gox Transfers 116.3 BTC to Hot Wallet and Conducts Test Transfer to Bitstamp
according to Ember monitoring, Mt. Gox transferred 116.3 BTC (worth $8.25 million) from a cold wallet to a hot wallet 2 hours ago, followed by a test transfer of 0.000017 BTC to the Bitstamp exchange. Based on Mt. Gox's previous transaction patterns, this 116.3 BTC will subsequently be transferred to Bitstamp. Currently, Mt. Gox still holds 34,500 BTC, valued at approximately $2.39 billion.
DeFiLlama Founder Questions Apple App Store Review Mechanism: Complaints About Fake App Went Unresolved for Months, Team Had to "Test Theft Themselves" Before It Was Removed
Odaily News: DeFiLlama founder 0xngmi has raised questions about Apple's App Store review mechanism in a post on the X platform. He stated that his team had spent months trying to get Apple to remove a fake DeFiLlama app, but multiple previous complaints regarding trademark infringement and impersonation of the official app were not effectively addressed.In the end, the DeFiLlama team had to download and use the fake app, subsequently depositing a small amount of funds into it. As expected, the wallet assets were stolen, confirming the app's malicious behavior. After submitting another report to Apple with this evidence, the fake app was finally removed within a few days.
US Department of Commerce Evaluates Kimi K3, Claims U.S. Still Leads, But Report Notes Test Was Not Fully Equivalent
the U.S. Department of Commerce's AI Standards and Innovation Center, in collaboration with the UK AI Safety Institute, tested the cyber attack capabilities of Kimi K3, emphasizing that "the United States still leads."However, the value of the evaluation is debated due to limitations in the testing scope. Due to hosting environment constraints, Kimi K3 only participated in partial testing, with its overall cyber capabilities estimated primarily based on 41 exploit benchmarks. In contrast, other models underwent more comprehensive testing, resulting in a larger margin of error for Kimi K3's results.In the exploit testing, Kimi K3 scored approximately 32%, higher than GLM-5.2's 24%, but lower than the average of approximately 76% for leading U.S. models. In a simulated attack chain test, Kimi K3 completed an average of 17 out of 32 steps in the attack chain and successfully breached the network once in 10 attempts, while U.S. frontier models completed an average of 28.5 steps.The report notes that Kimi K3 already possesses a certain level of autonomous attack capability, and its security guardrails did not prevent the model from developing exploits or executing attacks. However, the report also emphasizes that the testing scope was limited.
OpenAI Model Breaches Test Sandbox and Infiltrates Hugging Face Production Infrastructure to Obtain Benchmark Answers
OpenAI confirmed that the unreleased GPT-5.6 Sol and another unnamed, more powerful pre-release model breached a restricted sandbox environment during ExploitGym benchmark evaluations and infiltrated Hugging Face's production infrastructure to obtain test answers.OpenAI stated that the models leveraged a zero-day vulnerability in an internal software package registry proxy to escalate privileges and move laterally, ultimately connecting to a machine with internet access. The models then identified and chained together vulnerabilities in both the OpenAI research environment and Hugging Face's production infrastructure, directly retrieving test solutions from Hugging Face's production database.Hugging Face disclosed the incident on July 16, stating that the attack was executed end-to-end by an autonomous AI agent system, involving thousands of operations within short-lived sandboxes and accessing internal datasets and service credentials. OpenAI confirmed its models were the subject of the incident five days later.Hugging Face stated that its security team, in order to analyze over 17,000 attack logs, initially attempted to use a commercial US frontier AI interface, but the request was blocked due to safety guardrails. They subsequently switched to using the 753-billion parameter open-weight model GLM 5.2 from Chinese AI startup Z.ai on their own infrastructure to complete the forensic analysis.
David Bailey: "BIP-110 Failure" Strengthens Bitcoin Resilience, Consensus Mechanism Undergoes Stress Test
David Bailey, Chairman and CEO of Nasdaq-listed Bitcoin treasury company Nakamoto, stated that the failure of the so-called long-standing "BIP-110" controversy constitutes an "extremely bullish" outcome for Bitcoin, and believes this further validates the network's attack resistance and anti-splitting capabilities.
Arthur Hayes: Rising Oil Prices, AI-Related IPOs, and Trump's Anti-AI Rhetoric Could Pop the AI Bubble and Drag Down the Crypto Market
Odaily News, June 9th — BitMEX co-founder Arthur Hayes stated in his latest article "Reality Test" that if oil prices continue to rise due to the US-Iran conflict, it could trigger a collapse of the AI stock bubble and drag the entire crypto market down.Hayes said that if traffic restrictions in the Strait of Hormuz persist deep into the second quarter, spot prices for hydrocarbons and other key commodities could rise in the third quarter. If oil prices continue to climb and inflationary pressures impact the US midterm elections, Trump might pivot to a tough stance targeting data center construction, AI regulation, and taxation. Hayes believes the market could anticipate Trump limiting AI capital expenditure and taxing AI companies, thereby triggering the burst of the AI stock bubble.Hayes also noted that since November 2022, the scale of AI-related debt issuance has been approximately $1.5 trillion, and US M2 has increased by roughly the same amount during the same period. He believes the three factors that could pop the AI bubble include rising energy costs, the market's inability to absorb three major AI-related IPOs — namely SpaceX, Anthropic, and OpenAI — and Trump's shift to opposing AI. In terms of portfolio, Hayes stated that Maelstrom's stock portfolio holds significant positions in US-listed energy producers; he has sold AI-related stocks and offloaded non-core crypto assets, having dumped HYPE, NEAR, and WLD last week, as well as selling ZEC due to the Orchard Pool vulnerability. He still holds Bitcoin and ETH and will execute tactical short trades via derivatives.
Optimism governance vote sparks controversy: 5.469 million OP tokens redirected from user airdrop to ecosystem fund
an Optimism community governance proposal has been passed, reallocating 546.9 million OP tokens originally intended for user airdrops to the "Strategic Ecosystem Fund" managed by the Optimism Foundation, sparking discussions within the community over governance transparency and user rights.The OP tokens involved in this proposal account for approximately 12.7% of the total supply, valued at around $49.7 million at current prices. The Optimism Foundation stated that as the ecosystem strategy shifts toward institutional adoption and enterprise partnerships, large-scale user airdrops no longer fully align with the current development direction, and unused tokens can be deployed for ecosystem incentives, partnership building, and enterprise-level project expansion.The vote ultimately passed with 17.974 million OP in favor and 10.931 million OP against. The pivotal turning point came 16 minutes and 52 seconds before the vote closed, when Test in Prod (delegate.testinprod-io.eth), the core development team of the Optimism ecosystem, cast 8.486 million OP in support, raising the approval ratio from 45.77% to 61.84% and ultimately pushing the proposal through.Excluding Test in Prod's vote, the proposal's support rate would stand at only 46.47%, failing to pass, and the relevant tokens would likely have remained in the user allocation pool. The Optimism Foundation previously committed to disclosing the cumulative usage of the fund and related outcomes through annual budget reports. This vote has also reignited discussions about the influence of "large delegated voting power" in DAO governance and the balance of token holder rights. (CoinDesk)
Mitsubishi UFJ Financial Group Plans to Test Blockchain Real-Time Settlement of Japanese Government Bond Transactions
According to CoinDesk, Mitsubishi UFJ Financial Group (MUFG) announced plans to utilize the Canton network to conduct a proof of concept for on-chain trading of Japanese Government Bonds (JGB) to achieve real-time 24/7 settlement, replacing the traditional settlement process requiring 1 to 3 days. MUFG stated that this move aims to enhance the operational and capital efficiency of repo transactions, noting that European and American financial institutions have already expanded proof of concept projects in this field, with JPMorgan Chase's Kinexys network having supported blockchain-based intraday US Treasury repo operations since 2020. MUFG pointed out that Japanese Government Bonds are widely used as collateral for repo transactions by domestic and international market participants due to their high credit ratings and liquidity, and the trend towards on-chain adoption is accelerating. Additionally, MUFG has previously partnered with Sumitomo Mitsui Financial Group (SMBC) and Mizuho Financial Group to explore the joint issuance of stablecoins by March 2027; this JGB on-chain settlement test is a significant component of its blockchain strategic layout.
BNB Chain: Former Employee Unauthorizedly Used Original Test Wallet to Deploy Meme Tokens, Legal Proceedings Initiated
BNB Chain: Former Employee Used Original Test Wallet Without Authorization to Deploy Meme Tokens, Legal Proceedings Initiated
Sued but could make millions of dollars, Binance clarifies the TST token deployment incident
Odaily News: BNB Chain posted on the X platform stating that a certain wallet address was previously created by a former employee and used to generate tokens in a video tutorial. This individual is no longer employed by the company due to this incident. After leaving the company, they retained unauthorized access to the associated mnemonic phrase and used it to generate new private keys. BNB Chain has learned that the same address is being independently used for a new Meme token. BNB Chain did not create, authorize, promote, or participate in the creation of this token, nor can it control the token or wallet address. Both are unrelated to and not endorsed by BNB Chain. BNB Chain is taking legal action against the former employee and is cooperating with relevant authorities on this matter.
BIS-Led Project Agorá Completes Million-Dollar Cross-Border Tokenized Payment Test
According to CoinDesk, Project Agorá, led by the Bank for International Settlements (BIS), recently completed a cross-border payment test with real funds. Participants included 28 commercial banks such as JPMorgan Chase, Citigroup, UBS, Deutsche Bank, and Standard Chartered, as well as five central banks. The test processed approximately $1 million (about 800,000 Swiss francs) in real transactions, covering six currencies: the US dollar, euro, pound sterling, Japanese yen, Swiss franc, and South Korean won. The test utilized tokenized central bank reserves and commercial bank deposits, settling funds on a shared ledger with an average settlement time of about 80 seconds. Unlike traditional cross-border payments that require intermediation by multiple correspondent banks, the platform achieved shared single ownership records and supports synchronized settlement of bilateral foreign exchange, effectively reducing principal risk. The BIS stated that the platform can operate in parallel with existing payment systems, rather than replacing them.
El Salvador 2027 General Election Opposition Candidate Emerges, Bukele's Bitcoin Strategy Faces Political Test
According to BeInCrypto, El Salvador's two major opposition parties have officially nominated candidates for the February 2027 presidential election: the Nationalist Republican Alliance (ARENA) nominated former legislator Maytee Iraheta, while the Farabundo Martí National Liberation Front (FMLN) nominated doctor and union leader Rafael Aguirre. Both candidates clearly oppose Bukele's Bitcoin strategy, characterizing it as a fiscal failure. However, Bukele's approval rating remains as high as 94%, and his New Ideas party has also completed nominations, holding a clear advantage for re-election. It is worth noting that El Salvador revoked Bitcoin's legal tender status in February 2025 after reaching a $1.4 billion loan agreement with the IMF, restoring the US dollar as the sole official currency, but the government still maintains the plan to purchase approximately 1 Bitcoin per day, with holdings reaching approximately 7,730 BTC as of July 27.
Related news
Optimism governance vote sparks controversy: 5.469 million OP tokens redirected from user airdrop to ecosystem fund
an Optimism community governance proposal has been passed, reallocating 546.9 million OP tokens originally intended for user airdrops to the "Strategic Ecosystem Fund" managed by the Optimism Foundation, sparking discussions within the community over governance transparency and user rights.The OP tokens involved in this proposal account for approximately 12.7% of the total supply, valued at around $49.7 million at current prices. The Optimism Foundation stated that as the ecosystem strategy shifts toward institutional adoption and enterprise partnerships, large-scale user airdrops no longer fully align with the current development direction, and unused tokens can be deployed for ecosystem incentives, partnership building, and enterprise-level project expansion.The vote ultimately passed with 17.974 million OP in favor and 10.931 million OP against. The pivotal turning point came 16 minutes and 52 seconds before the vote closed, when Test in Prod (delegate.testinprod-io.eth), the core development team of the Optimism ecosystem, cast 8.486 million OP in support, raising the approval ratio from 45.77% to 61.84% and ultimately pushing the proposal through.Excluding Test in Prod's vote, the proposal's support rate would stand at only 46.47%, failing to pass, and the relevant tokens would likely have remained in the user allocation pool. The Optimism Foundation previously committed to disclosing the cumulative usage of the fund and related outcomes through annual budget reports. This vote has also reignited discussions about the influence of "large delegated voting power" in DAO governance and the balance of token holder rights. (CoinDesk)
DeFiLlama Founder Questions Apple App Store Review Mechanism: Complaints About Fake App Went Unresolved for Months, Team Had to "Test Theft Themselves" Before It Was Removed
Odaily News: DeFiLlama founder 0xngmi has raised questions about Apple's App Store review mechanism in a post on the X platform. He stated that his team had spent months trying to get Apple to remove a fake DeFiLlama app, but multiple previous complaints regarding trademark infringement and impersonation of the official app were not effectively addressed.In the end, the DeFiLlama team had to download and use the fake app, subsequently depositing a small amount of funds into it. As expected, the wallet assets were stolen, confirming the app's malicious behavior. After submitting another report to Apple with this evidence, the fake app was finally removed within a few days.
Mitsubishi UFJ Financial Group Plans to Test Blockchain Real-Time Settlement of Japanese Government Bond Transactions
According to CoinDesk, Mitsubishi UFJ Financial Group (MUFG) announced plans to utilize the Canton network to conduct a proof of concept for on-chain trading of Japanese Government Bonds (JGB) to achieve real-time 24/7 settlement, replacing the traditional settlement process requiring 1 to 3 days. MUFG stated that this move aims to enhance the operational and capital efficiency of repo transactions, noting that European and American financial institutions have already expanded proof of concept projects in this field, with JPMorgan Chase's Kinexys network having supported blockchain-based intraday US Treasury repo operations since 2020. MUFG pointed out that Japanese Government Bonds are widely used as collateral for repo transactions by domestic and international market participants due to their high credit ratings and liquidity, and the trend towards on-chain adoption is accelerating. Additionally, MUFG has previously partnered with Sumitomo Mitsui Financial Group (SMBC) and Mizuho Financial Group to explore the joint issuance of stablecoins by March 2027; this JGB on-chain settlement test is a significant component of its blockchain strategic layout.
South Korea BC Card Completes USD Stablecoin Domestic Payment Proof-of-Concept Test
South Korea's BC Card announced that it has completed the "Overseas Digital Asset Wallet—South Korea Local Bank Card Payment Infrastructure Connection" proof-of-concept test with Coinbase and Wavebridge. The test verified that foreign tourists can directly use USDC in their wallets to make payments at South Korea BC QR merchants, achieving end-to-end integration from stablecoin payment to Korean Won settlement.
Uniswap Founder Responds to Test Tokens: Cancel Test Token Creator Fees and Transfer to Automatic Buyback and Burn Contract
Uniswap founder Hayden Adams stated that tokens created during the previous Pools.trade testing process were not expected to be discovered externally. In response, Uniswap has canceled all creator fee rights related to employee test tokens and transferred them all to an automatic buyback and burn contract.
HashKey Launches Hong Kong Compliant Stablecoin HKDAP Test Distribution
HashKey has become an authorized distributor for Anchorpoint's HKD stablecoin HKDAP, launched beta testing, and completed the first minting and redemption transaction.