pension

According to the Financial Times, a responsible official from the People's Bank of China responded to the suspension of Solana's advertising and offline communication activities in Shanghai, stating that the People's Bank has collaborated with relevant local financial management, public security, market supervision, and other departments to halt the activities, and will work with relevant departments to investigate the involved entities and individuals.The official stated that Solana has been advertising and promoting its brand through relevant domestic entities, engaging in virtual currency marketing. Its issuance of Solana coins and the provision of technical services for the issuance and trading of major virtual currencies such as USDT are considered illegal financial activities, and the promotion of Solana has violated relevant regulations.Moving forward, the People's Bank will focus on domestic virtual currency traders and domestic affiliates of overseas virtual currency issuance and trading platforms, continuing to crack down on domestic virtual currency-related business activities.

Blockstream CEO and co-founder Adam Back stated in an interview with Bitcoin Magazine that the "first wave" of Bitcoin adoption came from individual investors, the "second wave" comes from spot ETFs, while the "third wave" of large-scale capital inflows from pensions, managed funds, and model portfolios has yet to arrive. He pointed out that Swiss banks are preparing for this phase.According to the chapter arrangement of the interview, the discussion also covered the demand for quantum-secure Bitcoin custody by Swiss banks, comparisons between tokenized money market funds and stablecoins, tokenized stocks based on the Liquid network and Blockstream AMP, as well as the obstacles that institutions still face when entering the market.In addition, Adam Back discussed whether institutions should build their own custody capabilities or rely on third-party custodians, how regulation shapes the Bitcoin custody landscape, and the impact of Basel rules on the costs of institutions holding Bitcoin. Blockstream recently established an office in Lugano, Switzerland, and began offering consulting services.

According to The Defiant, the liquid staking and re-staking protocol Swell has lifted the withdrawal suspension of swETH and rswETH after completing the interest rate reset.Swell also promised to compensate for funds deposited at inflated interest rates within a week, but the direct deposit controls for both tokens still show as suspended.

Cointelegraph cited the blockchain analysis company Chainalysis, stating that an Ethereum reorganization unexpectedly hindered the transfer of stolen funds from Binance related to North Korean entities. A deposit of 10 ETH was refunded twice, prompting the cross-chain protocol THORChain to trigger an emergency pause.Reports indicate that this reorganization occurred on October 31, with THORChain processing two refunds for the same 10 ETH deposit, leading to the suspension of exchanges on 12 out of the 13 chains it supports. Chainalysis noted that this pause disrupted the cross-chain transfer paths associated with the stolen funds from Binance. Binance previously disclosed that an unauthorized transfer occurred from its hot wallet on October 29, affecting an estimated $6.3 billion, with institutions like Chainalysis linking the incident to the North Korean cybercrime organization TraderTraitor.

Binance officially announced on social media that Binance Alpha trading has been temporarily suspended, including operations such as purchasing coins using spot wallet funds, Alpha instant trading, and CEX prediction markets. Trading will resume once the security issues are resolved. Currently, user funds are safe.

A survey released by OKX shows that among major economies in Europe, 19% of surveyed investors view crypto assets as a tool for creating long-term wealth, compared to 8% who prefer traditional retirement plans. The survey was conducted by Pollfish from October 14 to 18 in the United States, France, Germany, the Netherlands, and Poland, with a total of 1,932 adults aged 18 to 88 who have invested in crypto assets. Real estate remains the most favored long-term wealth vehicle among all respondents, accounting for 34%.In terms of holding intentions, 47% of European investors expect to increase their holdings in crypto assets, with 13% planning to significantly increase their positions; across all age groups, 51% of respondents expect to raise their allocation to crypto assets. The baby boomer generation is an exception, as 55% of European baby boomer respondents believe that crypto assets are not important for intergenerational wealth transfer. American respondents are generally more optimistic about the role of crypto assets in their portfolios, with 55% expecting to increase their allocation over the next five years, and 22% planning to significantly increase their holdings; however, 65% of American baby boomer respondents believe that crypto assets are completely unimportant for intergenerational wealth accumulation, compared to 44% in Europe.Erald Ghoo, CEO of OKX Europe, stated that when investors under 45 on both sides of the Atlantic incorporate crypto assets into their long-term wealth planning, it indicates that crypto assets have become part of how people view personal finance; as these investors age and accumulate wealth, the role of crypto assets in wealth planning will become increasingly important. The survey also shows that American investors remain more cautious about allocating crypto assets in retirement accounts, with 21% choosing traditional retirement plans and 12% opting for crypto assets.

Micron Technology, a memory manufacturer, recently signed a labor agreement with the Taichung Labor Union. Reports cite the Ministry of Economic Affairs explaining that over 80% of personnel will see salary adjustments of nearly 2.7 times, with production line staff's annual salary increasing from 630,000 to over 2 million.The Ministry of Economic Affairs also stated that the annual salary for entry-level engineers will rise from 1.45 million to 4 million, while mid-to-senior level engineers will see their salaries increase from over 2 million to 6 million. The union successfully negotiated an increase in the employer's contribution rate for labor retirement to 10%, which is above the industry standard; the day shift allowance for frontline production line staff has been adjusted from 1,500 to 4,500, tripling the original amount.

Balancer's official statement indicates that the team, while reviewing the DAO's own assets, also examined the historical asset positions of external users. They have currently identified over $500,000 in related assets and have notified the owners.Balancer pointed out that these assets mainly involve two types of situations that are easily overlooked by asset management dashboards: first, the buffered liquidity shares of Balancer v3 use an internal accounting mechanism within the Vault, which may not be displayed on blockchain explorers or platforms like DeBank; second, there may still be collectible partner rewards in the old v2 liquidity mining contracts, even if users have previously withdrawn their liquidity.

Zipcoin announced that it has ceased operations, stating that the project’s code repository and related keys have been fully compromised, and attackers may control the project’s wallets and infrastructure. The team indicated that they attempted to migrate the code and rotate credentials in the past 12 hours but failed to find a viable security solution.Zipcoin also disclosed that the project was affected by the UNCX incident on October 15, where hackers stole approximately 1.1% of the supply of multiple Ethereum tokens, including ZC, PAAL, and EDGEN, and sold them on the open market. The team subsequently attempted to buy back tokens from the market to compensate for the token shortfall corresponding to future team commitments.

According to data recently released by financial data provider FnGuide, as of October 15, the total estimated value of shares held by the National Pension Service (NPS) in 287 listed companies with a holding ratio of 5% or more has shrunk from 515.93 trillion Korean won at the end of June to 333.53 trillion Korean won, a decrease of approximately 182 trillion Korean won, equivalent to about 13.7 billion USD.The shrinkage is mainly related to the fund's heavy holdings in Samsung Electronics and SK Hynix. The market value of SK Hynix held by NPS has evaporated by approximately 74.2 trillion Korean won, while the market value of Samsung Electronics has decreased by 56.9 trillion Korean won, with these two stocks accounting for about 72% of the total decline in market value.NPS is the largest pension fund in South Korea, managing assets worth 1866 trillion Korean won, approximately 1.35 trillion USD, as of the end of June. The investment return rate in the first half of this year reached 27.2%, the best level for the same period since 2022, but the market reversed in just a few months, marking the first quarterly decline in market value for its core heavy holdings since the fourth quarter of 2024.NPS has long listed Samsung Electronics and SK Hynix as its top two domestic stock holdings, maintaining a holding ratio of over 7%. In May of this year, the fund's operating committee also raised the year-end target allocation for Korean stocks. After reaching a peak in June, stock prices quickly corrected, and by mid-October, SK Hynix had fallen more than 50% from its peak, while Samsung Electronics had retreated about 40%.The concentrated sell-off by foreign investors has been the direct driver of the decline, with the two companies accounting for nearly 80% of the total net selling by foreign investors. Market discrepancies regarding AI storage prosperity, advancements in Chinese storage technology, and the high volatility of individual stock leveraged ETFs have also amplified the declines. The KOSPI index in South Korea reached a historical closing high of 9114.55 points on June 22, but had fallen by about 39% as of October 15. During this period, NPS's holding ratio of SK Hynix shares decreased from 7.5% to 7.32%, while the holding ratio of Samsung Electronics remained at 7.84%.Bank of America’s research report on October 16 suggests that the valuation of storage stocks may have bottomed out after about three and a half months of adjustment, and that storage chip prices and profits are still expected to remain high from 2027 to 2028. There are also views warning that if global AI companies cut capital expenditures, there may still be room for downward adjustments in the earnings expectations of the two companies. As of now, NPS has not made a formal response regarding the significant shrinkage in market value of its holdings.

According to Catcher Predict monitoring on-chain data, it predicts significant capital movements in the Polymarket market. A large whale invested $66,728.31 in a single transaction regarding the "Indiana Data Center Suspension Order" event, targeting "by the end of 2027." Based on the current transaction price, the latest corresponding winning probability for this subject is 13%.

Hardware wallet dealer CryptoBilis announced that, due to Ledger investigating a case involving fund losses for Southeast Asian users, the company has suspended all sales and shipments of Ledger devices and is cooperating with Ledger's investigation. Ledger previously stated that it is investigating reports of fund losses from Southeast Asian users who purchased products from this dealer, and as a precaution, has requested CryptoBilis to suspend the sales and shipments of related devices, advising users who purchased devices in the past 90 days not to set them up if they have not completed initialization.CryptoBilis reminds users who have completed setup to follow Ledger's advice and transfer their assets to a new Ledger signing device generated with a new mnemonic phrase. It emphasizes that the mnemonic phrase must be generated by the device during initialization and handwritten by the user; if the device comes with a pre-printed or written mnemonic card or paper, or if the mnemonic has been seen by others, the wallet should be considered unsafe, and users should not disclose their mnemonic phrase or PIN to anyone. The notice also warns to be cautious of third parties claiming to assist in recovering lost funds, as such proposals are often scams.For users who have already experienced fund losses, CryptoBilis recommends contacting their official customer service channels and providing the order number, purchase time and location, device serial number, affected wallet address, and transaction ID, while keeping the device and packaging, not resetting or discarding them, and suggests reporting to the police. The company stated that it will not send users links requesting them to connect wallets, input mnemonic phrases, or install software.

According to Catcher Predict monitoring, the event "Indiana Data Center Shutdown Order Implementation Date" is currently among the hottest trades on the prediction market Polymarket, with a cumulative pool size reaching 2.44 million dollars. The option with the highest market consensus is "December 31, 2028," corresponding to a winning probability of approximately 21.5%.

Superseed officially announced that its Superseed L2 chain is shutting down, and the window for bridging back to Ethereum has now closed. The team has taken a snapshot of the final network state at block 31,688,848.Wallets holding 10,000 or more SUPR that have not yet completed the bridging will be able to claim SUPR in the claim portal that will go live in the coming weeks. Superseed stated that the first phase of its new application has launched on Ethereum, with more products to be released in the future.

Kelp stated that the team detected potential suspicious activity from an address (0xc70f...0ea0) that received rsETH a few hours ago. As a precaution, a 24-hour wallet-level temporary pause has been implemented on this address, during which rsETH cannot be transferred in or out of the address.

According to a report by the Financial Association on September 4, the Thai government has ordered the suspension of construction on 49 data center projects, awaiting the introduction of new regulations for the industry. Danucha Pichayanan, Secretary-General of the National Economic and Social Development Council of Thailand, stated at a press conference on Friday that the suspension is necessary because the government is formulating new regulatory rules and regulations for existing data centers as well as those that are about to begin operations.The Thai Data Center Regulatory Committee, chaired by the Minister of Finance, held its first meeting on Friday. Danucha indicated that the committee is expected to announce new regulations for data center enterprises within a month.

According to monitoring by Onchain Lens, the Hyperliquid trader pension-usdt.eth's short position of $191.6 million in ETH held over the past two months was ultimately liquidated, resulting in a loss of approximately $23.93 million.Nevertheless, the trader has still accumulated an overall profit of about $17.22 million.

According to Bloomberg, the Orange County Employees Retirement System invested $60 million in SpaceX about eight years ago, and now that investment has grown to approximately $2 billion.Although the significant appreciation of the investment has brought considerable returns to the pension fund, it has also resulted in a concentration of assets that is significantly higher than expected. As a result, the fund needs to reassess and adjust its risk management and portfolio strategy to address the long-term management challenges posed by the high proportion of a single high-volatility asset.