dri

Blockchain infrastructure service provider Chainstack disclosed that it experienced an AI-driven cyber attack from October 26 to 31, 2026. The attacker accessed the development environment through an unmodified default administrator credential and a Grafana instance without single sign-on protection, subsequently gaining cluster administrator privileges via an unauthenticated MCP tool server and stealing credentials through an automated platform, ultimately accessing the production environment to read the customer database.This incident resulted in the exposure of customer account information, including organization names, account holder names, member email addresses, and password hashes. The attacker also had access to systems containing node credentials, although there is no evidence that they were read; however, Chainstack still urged customers to rotate their node credentials. Chainstack stated that customer-facing services operated normally during the incident, and customer nodes, consoles, and APIs were not modified. Investigations revealed that the attacker used the open-source framework ARTEX, with no evidence found of exploiting software vulnerabilities. Chainstack has cut off the attack access path and requested customers to change passwords, rotate node credentials, regenerate platform API keys, and remain vigilant against phishing information.

Zach Pandl, the head of research at Grayscale, pointed out that the number of monthly active developers for Zcash has roughly doubled over the past two years, while the broader cryptocurrency developer community has declined from its peak during the same period.About 70% of Zcash's active developers have over a year of experience in cryptocurrency development, which is higher than the overall industry average of 58%. These developers possess expertise in zero-knowledge proofs and post-quantum cryptography research. The article suggests that the continued engagement of developers indicates the network's capability for ongoing improvement. The growing developer community of Zcash combines a strong privacy ethos with the goal of making private digital currencies more accessible. This momentum is expected to continue supporting protocol innovation and may ultimately translate into an increase in ZEC valuation.

According to EU-Startups, Cambridge semiconductor startup Tendrils has completed a $30 million seed round financing, approximately €26 million, led by Benchmark, with participation from Visionaries Club, the UK Sovereign AI Fund, FR8, Antimatter, Cloudberry VC, Conviction, Embassy Ventures, and SV Angels, along with several angel investors.The company was founded in 2025 by CEO Nils Cremer and co-founders T6 and Hugo McNally, and is developing a universal processor architecture that allows thousands of cores to work in parallel.The new architecture is based on an interactive network computing model, representing programs as interconnected nodes, allowing independent operations to be executed simultaneously, attempting to break free from traditional shared mutable memory and linear instruction sequences. The company is also developing an open-source programming language called Vine, which has a syntax similar to Rust, making it easier for software to adapt to this parallel-first architecture. Tendrils stated that while GPUs have taken on large-scale numerical computations, AI agents still heavily rely on CPUs for irregular tasks such as executing code and retrieving documents. Jack Altman, general partner at Benchmark and co-founder of Lattice, will join the board.

According to exclusive reports from Big Factory Daily, Trip.com held an all-hands meeting last week to announce the promotion of the "Integration of Production and Research" system across the company. This system is centered around DRI (Directly Responsible Individual) and merges personnel from product, operations, front-end, back-end, algorithms, testing, and other areas into project-based teams, breaking down traditional functional team boundaries with the goal of achieving "everyone is a full-stack developer, everyone is a product manager."In terms of specific execution, DRI leaders are not limited by function and can be original product, operations, or technical leaders. Team members within the project group collaborate across functions, which may lead to situations where products evaluate technical performance, and technology reports to operations. Front-end and back-end teams can also propose requirements and implement them independently. Ideas from product and operations that can be realized by AI can also be delivered independently, ultimately decided by the DRI.Currently, departments such as Trip.com Travel, Flights, and Content Center have begun to respond, with different teams progressing at varying paces, and the company has not imposed a one-size-fits-all requirement. The report indicates that this move is partly influenced by Silicon Valley concepts and aligns with the trend of blurred job boundaries in the AI era. This model can effectively reduce buck-passing and disputes, shorten delivery chains, and accelerate decision-making, but the challenge lies in the high comprehensive ability requirements for DRI leaders, who need to possess both technical understanding and business insight, and such qualified leaders are currently relatively scarce.

According to a report by Business Wire, the U.S. brokerage infrastructure provider DriveWealth announced that its European affiliate UAB DriveWealth Europe has been authorized by the Bank of Lithuania to become a crypto asset service provider under the EU's Markets in Crypto-Assets Regulation (MiCA). DriveWealth plans to gradually open related services to partners starting in 2027, with specific launch dates to be announced later.UAB DriveWealth Europe previously held a MiFID II license issued by the Bank of Lithuania. After the launch of crypto asset services, banks, fintech companies, digital wallets, and brokerages can access crypto asset services along with existing investment services such as U.S. stocks, ETFs, fixed income products, and options through the same interface.DriveWealth also announced a partnership with Ripple, planning to introduce RLUSD stablecoin settlement, cross-border payments, and digital asset custody in Europe first.

According to Barron's, Robbie Mitchnick, head of BlackRock's digital asset business, stated that since regulators approved the physical creation and redemption of crypto assets last year, the company has recorded approximately $3.6 billion in physical conversions of directly held Bitcoin into shares of its spot Bitcoin ETF, IBIT. Since BlackRock does not handle all transactions itself and may not see every conversion, the actual scale may be larger.BlackRock also provides physical conversions for the iShares Ethereum Trust ETF and the iShares Staked Ethereum Trust ETF, but the related scale is much smaller than IBIT. Mitchnick noted that demand continues to rise, and this is currently the highest level of interest the company has seen, which does not change with Bitcoin price fluctuations. The primary motivation is security and peace of mind. Outsourcing custody to an institutional-grade cold storage model is more attractive for holders; holding ETF shares managed by large fund managers is generally seen as less risky than placing assets on crypto trading platforms or in always-online hot wallets.He mentioned that the recent hacking incident at Binance has once again highlighted the risks of trading platforms, although large Bitcoin holders have long understood these risks. The minimum threshold for physical conversions has been reduced from the initial approximately $30 million to about $1 million to $2 million, with the threshold set by intermediary firms facilitating the transactions, such as Galaxy Digital, Talos, and Virtu. Mitchnick expressed hope that the threshold could be lowered to a single ETF share, but the cost structure is unlikely to drop to zero in the short term.

According to on-chain analyst Ai Yi's monitoring, the ETH/BTC exchange rate fell by 3.56%. The Drift hacker (0x45d...c00ca) opened a $20 million 20x ETH short and 20x BTC long position yesterday morning, with related positions showing an unrealized profit of $658,000 in just one day.At 6 AM this morning, both Bitcoin and Ethereum experienced significant declines, after which Bitcoin's rebound was stronger than Ethereum's, leading to an expansion of its unrealized profit.

According to a report by the Financial Associated Press, International Monetary Fund (IMF) President Kristalina Georgieva stated that central banks need to consider the potential slowdown in AI-driven growth when evaluating measures to combat inflation.Georgieva mentioned at the IMF headquarters in Washington, D.C. that concerns about the economy's excessive reliance on the AI investment boom and overvalued assets are impacting global markets. Market conditions are volatile, and this situation is likely to persist. Against the backdrop of increasing risks to price stability, market fluctuations will complicate the work of central banks.

Tom Lee, Chairman of the Bitcoin treasury company Bitmine, stated in an interview with CNBC that the AI investment boom is far from over. As more and more users utilize tokens, the demand for computing resources may continue to rise, leading to a tightening of computing power supply again and driving related prices up. The bottleneck in AI infrastructure may once again become a focus of market attention. In addition, while many states and local communities in the United States welcome the economic benefits brought by AI investments, they will also seek to promote related investments based on their own conditions and strengthen AI safety regulations.

HSBC Holdings stated that attacks on tankers or infrastructure leading to a daily disruption of 2 to 3 million barrels of oil supply will return the market to a state of shortage and put upward pressure on oil prices.

The U.S. stock market is experiencing a sell-off, and the artificial intelligence industry is influencing the direction of financial markets and the macroeconomy. As of November 3, the market capitalization of the S&P 500 index has increased by nearly $32 trillion, with half of the gains coming from 10 AI-related companies. Approximately 44%, or $610 billion, of U.S. pension holdings are linked to the technology sector.

Before the release of the October employment report in the United States, bond traders bet that the U.S. Treasury market would rise, with the 10-year Treasury yield falling to its lowest level since early September at 4.82% on Thursday. Options market trades are betting that yields could drop to 4.7% or 4.35%.The chief strategist at TD Securities stated that the U.S. economy remains strong, and the market has significantly reduced expectations for interest rate hikes.

TenArmorAlert posted on platform X stating: Its system detected a suspicious attack involving the TENDRIL/USDT pool on BSC, resulting in a loss of approximately $309,000.

Arm announced Q2 revenue for fiscal year 2026 of $1.44 billion, a year-on-year increase of 27%, exceeding market expectations of $1.38 billion. The adjusted EPS is $0.52, higher than the expected $0.47. The company expects Q3 revenue to be around $1.54 billion, roughly in line with market expectations.Growth in the data center business offset the weakness in the smartphone market, with licensing revenue increasing by 50% year-on-year to $773 million, and royalty revenue rising by 8% to $670 million. After the earnings report was released, Arm's stock price fluctuated in after-hours trading, currently down 3.8%.

According to Catcher Predict monitoring, in the market prediction event "AEK vs Real Madrid" on Polymarket, the "Over" option for the sub-market "Real Madrid over 3.5 in the first half" experienced a dramatic fluctuation in win probability, soaring from 13.3% an hour ago to the current 49.6% (a fluctuation of 36.3%). Please note the impact of related breaking news.

Binance founder Changpeng Zhao stated in an interview, "Typically, after an attack event, some users do choose to withdraw their funds. Some large institutions are required by internal policies to withdraw funds, and some retail investors may follow suit.However, after withdrawing, users face another question: where is it safer to store their money? I personally have not suffered any financial losses on Binance because Binance has absorbed the losses caused by this incident. This event is indeed frightening, but the question is, where can I transfer my funds? Recently, several hardware wallets have also been attacked, including one supply chain attack and another involving the mnemonic phrase generation process. This means that even if users make no operational mistakes and strictly follow all security protocols, purchasing hardware wallets and generating mnemonic phrases, they could still lose all their funds five years later without any fault, and no institution will bear the losses.The first wave of impact has already occurred, and Binance has also been attacked and completed repairs. Next, the second wave of impact may affect smaller platforms, which may not necessarily be more secure. Therefore, some users may initially choose to withdraw, but later realize that they need to manage their mnemonic phrases and store their assets themselves. In fact, less than 10% of the funds flowed to other centralized trading platforms, which means that most of the funds may have been transferred to users' own self-custody wallets. However, using self-custody wallets is not without risks. Users must properly back up their mnemonic phrases and ensure they do not get lost or damaged.In fact, most losses suffered by users when self-custodying assets are not even caused by hacker attacks. Therefore, after weighing their options, users may reconsider depositing their funds back into trading platforms. In fact, within less than 24 hours, we have already seen a change in fund flows. I also saw a tweet earlier showing that the fund flow statistics for the platform have turned into a net inflow on an hourly basis, which actually reflects the strength of the platform and users' trust in it. I believe that in the coming weeks and even months, fund flows will continue to fluctuate. As we mentioned before, if the market re-enters a bull market, we will see more funds flowing in.I believe there are many aspects that need attention. First, the speed of technological development is very fast, especially AI, which is growing at an astonishing rate, and the trend of exponential growth even exceeds people's understanding. Secondly, I believe that the entire cryptocurrency industry is still under-invested in the security field. Frankly speaking, many AI security tools are not yet truly applied in the industry.Therefore, I encourage all practitioners to increase their investment in these areas, including increasing the number of security engineers, introducing more AI tools, and closely collaborating with AI security service providers. I believe these are crucial. For ordinary users, what we call retail investors, I suggest everyone actively learn about different security tools, understand how to protect their assets, and closely follow industry trends and relevant news. Especially at this current stage, all of this is very important."