government

According to Bloomberg, OpenAI apologized on Tuesday for its artificial intelligence model's unauthorized access to Australian government websites and promised to establish a new task force for post-incident rectification.The San Francisco-based company stated that it would fund Australia's cyber defense and assist in managing the risks posed by increasingly powerful artificial intelligence. OpenAI provided some details about the June incident in a blog post, as well as the steps it plans to take to avoid similar situations in the future and restore trust.

OpenAI has suspended the training of its latest AI model. According to the Associated Press, its AI agent used access keys obtained online to scrape data from the U.S. Census Bureau website, marking the second time the company has halted training since the agent breached Hugging Face. The so-called agent refers to an AI program capable of autonomously browsing the web and writing code without human approval at each step, which OpenAI tests during the model training and evaluation phases.Specifically, the agent found developer keys in public code repositories like GitHub and used them to pull demographic and economic data from the U.S. Census Data API. The U.S. Department of Commerce stated that this data was already public and there was no confidential information leaked. In the SEC incident, the agent copied public materials from SEC.gov and Investor.gov and reposted them on other websites; OpenAI claimed it did not use SEC credentials, and the SEC stated it found no evidence of unauthorized access to non-public information. Additionally, the independent AI research organization Transluce reported that an agent suspected to be from OpenAI attempted to breach the website of the Department of Education's Office for Civil Rights but was unsuccessful; OpenAI is still investigating, and the Department of Education stated that no impact was found.Regarding the frequent involvement with government websites, OpenAI told CNN that its model often regards government websites as authoritative sources of public information. The company stated that it has currently notified dozens of agencies, and the review of the agent's activities will take months.

President Trump will hold an event next Tuesday to launch the new government website America.gov, which aims to consolidate information and resources scattered across multiple federal agencies and will introduce AI tools to help the public access government services. WEARThe event is expected to focus on topics such as AI, energy, healthcare, space, and agriculture, with NVIDIA CEO Jensen Huang, Tesla CEO Elon Musk, Anthropic co-founder Tom Brown, and Vice President JD Vance among those in attendance.

The yield on Japan's 10-year government bonds rose by 10 basis points to 3.075%, the highest level since 1996. The yield curve increased across all maturities, with the 5-year yield rising by 9.5 basis points to 2.37%.The sell-off of U.S. Treasuries intensified, driven by strong economic data and weak demand at Treasury auctions, pushing U.S. bond yields to near twenty-year highs. Rising oil prices have heightened inflation concerns, reinforcing expectations for interest rate hikes by the Federal Reserve.

According to informed sources, the Hong Kong government plans to raise HKD 15 billion to 20 billion (USD 1.9 billion to 2.6 billion) by issuing multi-currency digital green bonds, which will be the largest transaction of its kind globally.The sources said that these bonds will be denominated in US dollars, Hong Kong dollars, euros, and offshore renminbi, with pricing potentially as early as next Monday. Due to the involvement of undisclosed information, the sources requested anonymity. The Hong Kong government has commissioned several banks to arrange a series of fixed income investor meetings this week.

Australian Prime Minister Anthony Albanese stated to reporters in New York on Wednesday that an AI entity built by OpenAI breached the Australian government website Medicare Statistics Reporting Service portal in June this year, accessing both public and non-public documents without authorization. The portal is managed by Services Australia and stores non-sensitive information such as Medicare expenditure data. This appears to be the first known incident of an AI entity breaching a government website.Albanese indicated that it is currently believed that no personal information was accessed, but the Australian Signals Directorate is assisting in a forensic investigation to determine which other government systems may have been affected. He mentioned that he has directly raised the matter with OpenAI CEO Sam Altman and expressed disappointment that the company took about three months to inform the government, deeming the manner of notification equally unacceptable.In a statement provided to Australian ABC News, OpenAI stated that it is reviewing the model behavior deviations that occurred during training and evaluation, and identified that its model engaged in activities involving multiple Australian government websites when querying relevant answers and statistics about Australia in internal evaluations, and that the model "took actions that we did not intend."

OpenAI announced that it is opening its AI vulnerability detection tool Daybreak to Ukraine's Ministry of Digital Transformation to locate and fix software vulnerabilities before they are discovered by Russian hackers. The news was announced on Wednesday during the United Nations General Assembly by Dmytro Kushneruk, Ukraine's Consul General in San Francisco, and Sasha Baker, OpenAI's National Security Policy Lead.Daybreak is based on OpenAI's flagship large model GPT-5.6 Sol and can scan outdated systems for weaknesses, verify whether suspected vulnerabilities can be exploited, and confirm whether patches actually close the vulnerabilities before they are released. OpenAI has previously opened the model to cybersecurity agencies in France, Germany, and Poland, where Poland's CERT Polska discovered six vulnerabilities in commercial router software, all of which have been fixed by the vendors.Ukraine's CERT-UA handled nearly 6,000 cyberattacks in 2025, a 37% increase from 2024, with local governments and government agencies being the hardest hit. This opening follows OpenAI's commitment to a $1 billion subsidy program announced on September 3, which is said to expand to "partner countries" in the coming weeks. Jamie MacColl, a researcher at the Royal United Services Institute, told the BBC that Western companies can also gain valuable intelligence from active conflict zones.

Arthur Hayes published a new long article titled "Safety First," with the core argument that the claims of "safety first" by Anthropic, OpenAI, and SpaceX, which lead to a slowdown in AGI development, are not out of concern for human welfare but rather due to economic realities. The market does not want AI; it wants AI at "Chinese prices," meaning it needs intelligence that is 100 times cheaper than what is currently available. Hayes points out that "safety first" essentially destroys the demand for computing power. If the spending on training new models decreases and laboratories shift towards efficiency optimization, customers will spend less on computing power. The three major AI laboratories do not generate any profits, and their demand for computing power supports over $10 trillion in investment-grade debt and hundreds of billions in low-quality debt, which rely on profitable tech companies like Nvidia, Broadcom, Google, and Microsoft for off-balance-sheet endorsements. The real backstop is the holders of insurance policies in the United States.Hayes cites an analysis by Nick Nameth that reveals a "self-insurance scam": private equity giants (such as Apollo, KKR, Brookfield, etc.) acquire insurance companies, stuffing AI data center debt and SaaS private credit impacted by AI into insurance assets, and then provide false endorsements with minimal capital through affiliated self-insurance reinsurance companies. Nameth estimates that the total amount of these false reinsurance assets reaches $1.54 trillion. Once the AI data center debt is downgraded by rating agencies due to insufficient demand for computing power, insurance companies will be forced to add capital, while the affiliated reinsurance companies will be unable to pay, leading to insolvency for the insurance companies. In most states in the U.S., the insurance protection limit is only $250,000 to $300,000, and existing insurance companies only pay into the protection fund afterward, which encourages all parties involved to maximize risk-taking. When AIG was bailed out in 2008, TARP funds ultimately flowed to Goldman Sachs and led to record bonuses, while the general public only received foreclosure notices; Hayes believes this scenario will repeat itself.For cryptocurrency investors, the conclusion is a win-win situation. If the U.S. government chooses to become the "last buyer of computing power," it will print money in the name of national security to fund unproductive economic goods, driving up financial speculation and Bitcoin prices; if the government chooses to bail out insolvent insurance companies, it will also need to print money to cover bad AI debts, increasing the money supply and pushing up Bitcoin. Hayes specifically points out that the Federal Reserve voted unanimously last week to raise interest rates by 25 basis points, and RMP bond purchases have stopped since August 14, but commercial banks have taken over to create over $100 billion in currency, and the interest rate hike allows banks to earn an additional $7.5 billion in excess reserve interest each year. This money will be used to expand loans and market speculation, and the net effect remains stimulative. The fluctuations in the cryptocurrency market, which saw a slight increase at the end of August, are about to end, the supply of dollars will continue to grow, and Bitcoin and some selected altcoins will rise. Hayes also described this situation as "incredibly wonderful," stating that the government will not allow the free market to stop building AI data centers, there will be an oversupply of spot computing power, the usage of AI agents will increase, and the surge in money printing will drive investors to chase cryptocurrency assets.

According to Ledger Insights, the Hong Kong Monetary Authority plans to launch a wholesale central bank digital currency (wCBDC) for interbank settlement by the end of this year, as part of Project EnsembleTX, for 24-hour settlement of tokenized deposit transactions.The project is set to enter the real transaction pilot phase by the end of 2025, but currently, interbank settlements still rely on the RTGS system that operates only during working hours. The wCBDC will be used to address this limitation. In addition, the wCBDC is also planned to be used for the settlement of over-the-counter derivatives trading on the Hong Kong Stock Exchange (HKEX), with the goal of implementing related real fund transactions within this year.

According to Ember Monitoring, the Salvadoran government currently holds 7,777 bitcoins, valued at approximately $594 million, with an average holding cost of about $55,718, resulting in an unrealized profit of approximately $162 million and a return rate of about 37%.Since March 16, 2024, the country has been buying 1 bitcoin daily for 916 consecutive days.

Danielle Beck posted on X that she has joined HyperliquidPC as the Director of Government Relations. She stated that after working for over a decade in the intersecting fields of policy, agriculture, commodities, and advocacy, she looks forward to applying her relevant experience to new challenges.She mentioned that there is room to shape the development of on-chain markets in the United States and that the relevant policy framework should be clear, feasible, and informed by the people and industries that rely on the market. She also stated that she will collaborate with the HPC team, including Jake Chervinsky, Adam Minehardt, Salah Ghazzal, Brad Bourque, Golovina, and Sianna Bird.

According to informed sources, the U.S. government is pressuring Mexican officials to accept new regulations on the export of artificial intelligence hardware.U.S. and Mexican trade officials are expected to hold a new round of talks in Washington as early as next week. The two countries are also expected to discuss the possibility of reducing tariffs imposed by the U.S. on steel, aluminum, and automobiles.

According to South Korea's "JoongAng Ilbo," China's semiconductor industry is organized through collaboration among the central government, local governments, state-owned financial institutions, and enterprises, forming a system for fundraising, factory construction, and infrastructure support. The China National Integrated Circuit Industry Investment Fund has a first phase of 138.7 billion RMB, a second phase of 204 billion RMB, and a third phase of 344 billion RMB, totaling 686.7 billion RMB, with investments in companies such as SMIC, Hua Hong Semiconductor, and Yangtze Memory Technologies.Changxin Memory, established for 10 years, has risen to fourth in global DRAM market share, with a net loss of 21.13 billion RMB over the past three years, while R&D and equipment investments during the same period reached 185.2 billion RMB, with Hefei's state-owned capital providing about 80% of the funding for early projects. South Korea's Samsung Electronics and SK Hynix are responsible for investments, employment, technology development, and support for partners. The South Korean government plans to guide 622 trillion KRW in private investment by 2047 and provide 17 trillion KRW in low-interest loans and 1.1 trillion KRW in semiconductor ecosystem funds, but most of the burden will fall on enterprises.Park Kyung-soo, Executive Vice President of the Korea Semiconductor Industry Association: The semiconductor industry will fall behind in the next upturn if investment stops; even during downturns, R&D, equipment investment, and orders for materials and components must be maintained, requiring long-term policy, financial, and tax support. China is catching up with a national-level support system, and South Korea also needs a response system involving the government, political circles, financial institutions, and enterprises to act together.

On-chain detective ZachXBT posted on his personal channel that Revolut allegedly leaked some users' personal identifiable information (PII) due to failing to recognize a forged government agency information request.According to his disclosure, Revolut previously received a request for customer information retrieval that appeared to come from a real government agency and was sent through the agency's official email domain. Because the email had valid domain authentication information, Revolut believed the request was legitimate and responded accordingly.The potentially involved data includes users' names, birth dates, occupations, addresses, email addresses, and phone numbers, as well as copies of passports or driver's licenses, identity verification selfies, account statements, IBANs, withdrawal records, and complete transaction histories, including Bitcoin transaction records. Revolut stated in the notification sent to users that no biometric facial telemetry data was leaked.ZachXBT indicated that the scale of the incident may currently be limited, but it appears to primarily target high-net-worth users. Several Revolut users received notifications regarding the related security incident yesterday. Revolut officials had previously reminded users to verify suspicious information through in-app customer service to avoid providing personal or financial information.

The yield on Japan's 10-year government bonds continued to rise, briefly touching 3%, reaching a new high in over a week.

According to Gate market data, the yield on Germany's 10-year government bonds rose by 6 basis points to 3.51%, the highest level since 2009.

The head of government affairs at Paradigm stated that the external view that the Clarity Act is almost hopeless to pass is not credible. The related pessimistic rhetoric mostly comes from anonymous staff members who did not participate in the core negotiations (intending to guide public opinion), or from legislators using the media to voice their demands, pressuring the White House and Senate leadership to meet their own requests.Major banks plan to invest heavily in lobbying and advertising next week; if the bill is doomed to fail, the banks would not invest such resources. The time window is indeed tight: the Senate reconvenes on Monday, and the House will recess on Friday in five days. However, the bill is far from dead. Those who assert that the bill has no chance are either seeking attention or trying to create a predetermined narrative of "bill failure."

According to monitoring by Lookonchain, the Bhutan royal government has transferred 400 bitcoins again, worth 30.62 million USD.

According to Cointelegraph, the global bond bear market continues to ferment, with Japan's 10-year government bond yield rising to 3% on Tuesday, the first time since 1996; the 30-year government bond yield also broke through the historical high of 4.18%. The U.S. 10-year government bond yield simultaneously rose to a multi-year high of 4.78%, and global long-term sovereign bond yields are at their highest level since the 2008 financial crisis.In this context, Bitcoin remains in a sideways consolidation, maintaining around $78,000, slightly retreating from an earlier high of nearly $79,000. There is a dense resistance area between the current spot price and $86,000, which limits Bitcoin's upward momentum. Market sentiment remains cautiously optimistic in the short term, with the $76,000 to $82,000 range seen as a key battleground in the coming weeks.This round of selling occurred after U.S. Treasury Secretary Yellen announced an increase in the upper limit of government bond repurchase transactions to $4 billion starting in September, with some commentators likening it to a form of yield curve control. Arthur Hayes has long argued that the Federal Reserve will eventually activate the FIMA repo facility, a mechanism that will create new dollar liquidity, which is also why he recommends allocating Bitcoin, gold, and cryptocurrencies; Yellen hinted at the future use of this tool as early as August.