risk

Ledger CTO Charles Guillemet stated that he disagrees with the view that "only about 30% of BTC faces quantum computing risks, while the remaining approximately 70% is secure due to public key hashing."Glassnode data shows that currently about 30.2% of BTC has exposed spending public keys on-chain, but Guillemet pointed out that this only reflects the static state on-chain; unexposed public keys may still exist in xpub, devices, PSBT, logs, or backups; and once a BTC transaction is initiated, the public key will be revealed before the transaction is confirmed.Guillemet cited research from Google Quantum AI stating that under currently non-existent high-speed quantum computer models, attacks on secp256k1 could be completed in about 9 minutes. Therefore, simply hiding public keys cannot solve the quantum risk, and Bitcoin will ultimately need to migrate to post-quantum cryptography.

GIWA official account (@GIWA_by_Upbit) issued a statement clarifying that the project's mainnet has not yet been launched and that RPC has never been online, so there is no risk of any RPC leakage. Users are reminded to do their own research (DYOR) and to be wary of FUD and scam information. It is reported that GIWA is an Ethereum L2 project developed by Dunamu, the parent company of Upbit, based on the OP Stack, aiming to achieve a 1-second block time and be compatible with EVM. It is currently still in the testnet phase.

CryptoQuant's Research Director Julio Moreno stated that with the recent rise in Bitcoin, the unrealized profit rate has increased to 33%, reaching the highest level since December 2024.Meanwhile, the scale of Bitcoin profit-taking has risen to 25,700 BTC, marking the highest level since 2026. Moreno believes that the simultaneous rise in unrealized profit rate and profit-taking scale typically indicates that the momentum of this rally is weakening, and the market faces the risk of a correction.

X Platform post by Xu Jiayin stated that Bitget has commissioned a third-party security team to conduct an independent forensic investigation into this security incident. Multiple teams are working together to verify remedial measures, confirm the attack vector, and assist in law enforcement cooperation. The investigation results will be announced promptly.He stated that Bitget has sufficient protection funds to cover the related losses and will restore withdrawals as soon as all potential security risks are eliminated.

Binance Wallet announced the launch of real-time detection and risk interception features for high-risk signature scenarios to prevent phishing attacks that exploit the authorization mechanisms of DeFi projects.Binance stated that some attacks only require inducing users to complete offline signatures that do not require gas fees, which could lead to asset theft. In the future, it will continue to expand the scope of risk identification scenarios and security protection coverage.

Bitget CEO Gracy Chen stated during a live broadcast regarding the platform's attack incident that some of the affected funds may have a chance of being recovered. Regarding the resumption of withdrawals, Gracy Chen mentioned that Bitget needs to first investigate the relevant issues thoroughly. The technical team is currently advancing system repairs and security enhancements. The platform will only reopen the withdrawal function after confirming the system's security and ensuring that resuming withdrawals will not lead to further attacks by hackers.She stated that once a clear time window for the resumption of withdrawals is established, users will be informed immediately and an announcement will be made. Currently, no specific time can be promised, as the platform does not wish to make commitments that cannot be fulfilled.

Bitget CEO Gracy Chen publicly stated in a live broadcast regarding the platform's attack incident that the platform is currently preparing to resume withdrawals, but there is no accurate timeline for recovery yet. Bitget's internal and external technical teams are synchronously identifying the issues and formulating solutions, hoping to restore relevant services as soon as possible.Gracy Chen mentioned that the method of attack in this theft incident is different from previous security incidents that occurred at some exchanges. According to the current investigation, the hackers did not implement the attack through key leakage, but rather bypassed certain systems and initiated withdrawals through the system. She stated that key leakage is the worst-case scenario, but this incident is not the same.Due to the involvement of multiple cryptocurrencies and blockchain networks in this incident, Bitget is temporarily unable to directly open withdrawals and needs to confirm that funds are completely safe and develop a more secure handling plan before resuming. Gracy Chen stated that the platform has currently completed comprehensive loss prevention and will not experience further attacks; once the security issues are addressed more definitively, withdrawals will be reopened.

The U.S. midterm elections have become a key concern for the stock market amid the surge in AI trading. Polls indicate that the Democratic Party may regain control of Congress, and Wall Street strategists point out that this could put pressure on AI boom stocks.The Chief Market Strategist at Zacks Investment says that if the Democrats perform strongly in the elections, hearings on AI safety issues may increase. A strategist at Wolfe Research expects that the Democrats may establish an "AI Special Committee" for inquiries.

Federal Reserve's Williams stated that the downside risks to achieving full employment have diminished.

As Japan ends its holiday, the risk of yen intervention has once again become the focus. The yen has fallen for two consecutive weeks, approaching the 160 mark. Strategists believe that the 160 mark will once again test Japan's tolerance for yen depreciation.Strategists at the Commonwealth Bank of Australia stated that if the USD/JPY breaks above 160, it will increase the likelihood of official intervention, especially considering that Japan has recently conducted a currency check.

The founder and CEO of the decentralized lending protocol Aave, Stani Kulechov, responded to various statements regarding Aave V4. He stated that the Hub and Spoke of Aave V4 are by default isolated according to risk characteristics, allowing risk-adjusted markets to share liquidity within set limits through the Hub to support new use cases while avoiding unnecessary fragmentation of liquidity. He believes that completely isolating liquidity often splits funds, reduces utilization, and increases user costs, which becomes more apparent after the incentives used to guide liquidity end.Stani mentioned that in V4, Spoke represents the lending market, and the Hub can share liquidity between these markets, allowing isolated risk characteristics to utilize the capital pool, thereby improving utilization and capital efficiency. Unlike typical curation vaults that start with zero liquidity and require funds or incentives to guide them, V4 Spoke can rely on the entire Hub balance sheet from the first day of launch. He also stated that the V4 architecture is simpler and remains flexible, with the overall codebase significantly smaller than Aave V3.According to him, Aave V4 has secured $1.2 billion in deposits and is deployed across multiple networks, including Ethereum, Avalanche, and Arc. V4 has supported third-party curators like EtherFi, allowing curators to build and manage complete market structures and participate in the economic distribution of a broader lending market, rather than just charging fees for managing deposit scales.

The U.S. Commodity Futures Trading Commission (CFTC) market regulatory department announced that prediction contracts based on whether specific individuals mention certain words or attend events face a high risk of market manipulation and can only be launched on designated contract markets under limited circumstances.CFTC recommends that relevant platforms assess whether individuals who can influence contract outcomes are bound by legal, professional, contractual, fiduciary, or confidentiality obligations, and take proactive trading rules and risk control measures to prevent manipulation.

According to Reuters, citing two informed sources, the Chinese artificial intelligence startup DeepSeek will report on AI risks to the United Nations Security Council this week. The Security Council, composed of 15 member countries, is scheduled to discuss AI and international security on Wednesday, coinciding with the gathering of world leaders in New York for the United Nations General Assembly.OpenAI CEO Sam Altman plans to report at the meeting, and diplomats expect a senior representative from Anthropic to also participate. DeepSeek and other Chinese AI companies, including Moonshot, have been invited to make statements. DeepSeek founder Liang Wenfeng does not plan to attend. DeepSeek and Moonshot have not yet responded to requests for comment.The UN Security Council first discussed AI risks in 2023. UN Secretary-General António Guterres warned last week that rapidly developing AI poses significant risks that cannot be ignored. Senior officials from China and the United States have agreed to hold further talks on AI safety.

Cryptocurrency analyst Chen Mo posted that Binance's USDe briefly deviated to $0.92 today, and the last incident on October 11 was also related to USDe, while the on-chain price has remained stable.Chen Mo stated that the order book for USDe on CEX is very thin, and it supports USDe as collateral for opening positions. The risk transmission from October 11 started here, but afterwards, Binance included the actual redemption price of USDe into the price index, no longer relying solely on the order book quotes, theoretically preventing a repeat of the October 11 incident.

According to the Financial Times, the Federal Reserve and the Bank of England are strengthening their scrutiny of banks and trading companies' risk exposures.

On September 18, the Central Bank of Russia released a draft proposal, intending to measure related exposures through ratios N31 and N32, based on the own funds of individual credit institutions and the consolidated capital of banking groups. The scope includes direct investments, derivatives linked to the prices of crypto assets, as well as loans, bonds, and repurchase agreements whose settlement or value depends on crypto assets.Client custody assets for which the digital custodial institution within the bank or group bears the losses will be included, while assets that do not bear losses will not be included but will still be subject to a 50% risk weight. Own accounts and client positions for which the bank bears responsibility will be subject to a 1250% risk weight. The draft is planned to be officially released in the fourth quarter of 2026, taking effect 10 days after publication, with banks expected to report N31 and N32 values starting from January 2027.

On Friday, asset management company VanEck released a report on the compensation of executives at the top ten digital asset treasury companies, rating the compensation structure of the Japanese Bitcoin treasury company Metaplanet as "poor," making it the only company to fall into the lowest rating. The report shows that Metaplanet's equity plan corresponds to 14.7% of fully diluted shares, with executive risk exposure at 8.2%, which is ten times the average level of 0.8% for the other nine companies, and the scale of the equity plan is also nearly four times the industry average.In comparison, the largest corporate Bitcoin holder, Strategy, has an equity plan that accounts for only 2% of fully diluted shares, with executive risk exposure at 0.5%, and its compensation structure rated as "good." Metaplanet currently ranks third among publicly listed companies in Bitcoin holdings with 43,000 BTC. VanEck pointed out that the gap partly stems from Metaplanet's previous compensation mechanism: the option pool automatically expanded when the company issued shares to purchase Bitcoin, causing it to swell from 46 million shares to 319.5 million shares, adding approximately 273 million potential shares, which drew criticism from shareholders at the time.Metaplanet terminated the automatic adjustment mechanism at the end of August and reduced the option pool by 41% to 188.2 million shares in September, but VanEck believes these adjustments are still "far from satisfactory," calling for the retraction of the expansion of approximately 273 million shares in favor of a shareholder-approved compensation plan, while also suggesting that executive compensation be linked to the number of Bitcoins corresponding to each fully diluted share and adopting a written grant timing policy.

According to monitoring and analysis by the Gate security team, the FomoPeek App contains malicious code with a high security risk, which may exploit vulnerabilities related to the iOS system to attack other apps, and has dangerous operations such as accessing the clipboard, scanning sensitive data on the phone, and obtaining login credentials. After analysis by the security team, no attack losses caused by the FomoPeek App have been found in the Gate App or among users, and the existing risk control mechanisms of Gate are operating normally.Gate reminds users to upgrade their iOS system to the latest version as soon as possible and check whether the FomoPeek App is installed on their devices. If it is installed, please uninstall it immediately and restart the phone. After completing this, it is recommended to log back into the Gate App and other important applications; if using a Web3 wallet, it is advisable to check the wallet's security status in a timely manner and transfer relevant assets if necessary to reduce potential security risks.

According to Bitcoin Magazine, Matthew Sigel, the head of digital asset research at asset management company VanEck, stated in an interview with CNBC that quantum computing poses a risk to Bitcoin, but the community has recognized the seriousness of the issue. He pointed out that due to the decentralized nature of the crypto network, progress in addressing this issue may be slow, but the community is advancing related work.Sigel said, "This is a risk, but the community has already recognized the scope of the problem, and a large number of talents have gathered and proposed a framework for upgrading the system." He added, "Upgrades will not happen quickly because no CEO can tell developers 'do it now.' The governance process takes more time, and the process is more complex, but there are technical paths to achieve quantum resistance, and you will see more related progress in the coming years."Currently, quantum computers still have error rate issues and cannot crack Bitcoin's encryption algorithms. Some Bitcoin developers have begun testing quantum-resistant signatures on real-time sidechains. Coinbase plans to build a post-quantum signature pipeline using secure enclaves and threshold cryptography, and the Bitcoin Security Alliance, composed of BlackRock, Fidelity Digital Assets, Block, and others, is also supporting proposals like BIP-360 to reduce long-term quantum computing risks.

The Meta Platforms Oversight Board urges Meta to demonetize "high-risk" artificial intelligence content, reduce its recommendation weight, or remove it from user-facing recommended content, and to gradually impose stricter penalties on accounts that repeatedly violate the rules.