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ChainCatcher news, the latest research shows that the threat of a "51% attack" on Bitcoin is severely underestimated by the market, with attackers needing only about $6 billion to destroy Bitcoin.Duke University finance professor Campbell Harvey warns in the latest study that while both Bitcoin and gold are seen as favorites in the "currency devaluation trade," the risks faced by Bitcoin far exceed those of gold. Attackers could gain control of the Bitcoin network within a week by purchasing $4.6 billion worth of hardware, investing $1.34 billion in building data centers, and incurring approximately $130 million in electricity costs each week.By shorting Bitcoin in the derivatives market, attackers could make huge profits when the price of Bitcoin plummets, enough to cover the costs of the attack. However, Matt Prusak, president of a U.S. Bitcoin company, believes this concern is exaggerated, as accumulating and deploying mining equipment takes years, and shorting requires substantial collateral, with exchanges potentially suspending suspicious trades.

ChainCatcher news, Huaxing Capital's head of proprietary investment has confirmed attendance at the "RootData SG Summit," a Crypto capital market themed forum to be held in Singapore on October 1. Huaxing Capital (HK1911) is a leading financial institution focused on empowering China's innovative economy and has officially announced its entry into the Web3 and cryptocurrency asset space.As one of the important peripheral events of Token2049, this forum has attracted participation from several listed companies, top projects, and investment institutions, including Boya Interactive (Hk0434), Huaxing Capital (HK1911), Northern Light Venture Capital, Solana Foundation, IOBC Capital, MEXC, Mask, Solayer, Synbo Labs, TRON, Top.one, and others, dedicated to jointly exploring the enormous opportunities and value in the Web3 ecosystem and capturing the latest industry trends.Event registration link: https://luma.com/jbcyt2hq