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BTC $62,899.78 +0.29%
ETH $1,876.81 +0.18%
BNB $610.69 +0.99%
XRP $1.00 +0.12%
SOL $75.20 -0.20%
TRX $0.3308 -0.66%
DOGE $0.0699 +0.89%
ADA $0.1782 -0.58%
BCH $204.25 +0.28%
LINK $9.43 +6.51%
HYPE $55.98 -0.24%
AAVE $86.34 +1.02%
SUI $0.6818 +0.92%
XLM $0.1578 -0.86%
ZEC $489.77 +1.29%

arc

ARC is a decentralized financial protocol designed to provide various financial services such as lending, trading, and liquidity provision through smart contracts. ARC leverages the transparency and security of blockchain technology to eliminate the need for traditional financial intermediaries, reduce transaction costs, and improve efficiency. Its core features include a decentralized lending market and automated liquidity pools, helping users engage in financial activities in a trustless environment.
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Binance Research: Generation Z investors prefer ETFs, with lower trading frequency and leverage usage compared to other age groups

Binance Research data shows that Generation Z investors are gradually shifting towards long-term asset allocation tools such as ETFs. Compared to Millennials, Generation X, and Baby Boomers, their trading frequency is lower, and their preference for leverage is also weaker.Data indicates that at the beginning of August, ETFs accounted for 25% of the stock trading volume among Generation Z users. In July, the proportion of net inflows into stocks from ETFs for Generation Z reached 21.9%, up from 18.5% in June; during the same period, the proportion of individual stock investments decreased from 77% to 74.2%.Binance Research analyzed trading behaviors in direct stocks, tokenized stocks, and traditional financial perpetual contracts. The data shows that Generation Z's trading activity in all three asset classes is lower than that of other working-age groups.Among them, Generation Z's traditional financial perpetual contract accounts traded an average of 13 times per month, lower than the 17 times of Millennials and 16.5 times of Generation X. In direct stock accounts, 22% of Generation Z users have never sold stocks, higher than the 19% of Generation X and 9% of Baby Boomers.Among Generation Z accounts that bought but did not sell, the assets with the highest cumulative purchase amounts include Broadcom, Tesla, and Charles Schwab U.S. High Dividend Stock ETF.In terms of leveraged products, Generation Z shows a lower risk appetite. Data indicates that 88.2% of Generation Z's traditional financial perpetual contract accounts have never traded leveraged or inverse ETFs, higher than the 84.5% of Millennials and 85.9% of Generation X.Additionally, the tokenized stock market continues to expand. Data shows that Binance's bStocks recently briefly surpassed Kraken's xStocks, becoming the second-largest tokenized stock issuance platform globally. As of the latest data, Ondo Finance ranks first with approximately $972 million in tokenized stock value, while xStocks and bStocks are approximately $611 million and $580 million, respectively.

Gray Research Director: Ethereum is like a "small country," and the issuance of ETH determines the balance between network security and currency

Zach Pandl, the head of research at Grayscale, posted on the X platform comparing Ethereum to a "small country" and discussed the ETH issuance mechanism. He believes that Ethereum has only one core "government function": to protect property rights and value exchange within the system. Unlike traditional countries that provide public services through taxation, Ethereum primarily funds network security through "seigniorage," which is the issuance of new ETH.In this framework, the stakers responsible for maintaining network security are akin to a group providing public services, as they receive rewards through newly issued ETH. Therefore, Ethereum's staking mechanism and ETH issuance policy essentially constitute the network's fiscal and monetary policy. Zach Pandl pointed out that the Ethereum community needs to decide how much "new currency" should be used to cover network security costs. More security typically means stronger protection of property rights, but at the cost of a higher ETH issuance rate and potential other risks.For example, if network security increasingly relies on a few large staking service providers, there remains room for discussion about whether these providers can maintain the asset rights of all users completely neutrally. Pandl believes that, just as in traditional economies, no one knows the "optimal level" of government spending and currency issuance; the same applies to Ethereum. However, Ethereum has several key security thresholds, including: 1/3: an attacker reaching this ratio may affect finality; 1/2: affects blockchain fork choice; 2/3: can control the finality process. Some community members believe that the design of Ethereum's monetary and fiscal policy should consider the security trade-offs brought by these key ratios, while the current mechanism has not adequately incorporated these factors. However, the above analogy is not entirely accurate, as it does not yet involve other important factors such as the ETH burn mechanism, MEV, governance, etc.

Gray Research Director: ETH and SOL may face supply contraction, and the reduction of inflation mechanisms will strengthen token scarcity

Grayscale Research Director Zach Pandl stated that the two major blockchain networks, Ethereum (ETH) and Solana (SOL), are considering adjusting their token economic models to enhance asset scarcity by reducing future token supply growth through lowering annual inflation rates. As important native assets supporting stablecoins and tokenized asset ecosystems, the prices of ETH and SOL are primarily determined by supply and demand dynamics. If the relevant code upgrade proposals are approved, under unchanged conditions, lower supply growth may provide support for token prices.According to Grayscale's analysis, if the relevant adjustments are implemented, the supply inflation rates of BTC, ETH, and SOL will continue to decline over the next five years. By the end of 2031, the annual inflation rates for Bitcoin and Ethereum are expected to be around 0.4%, and Solana around 1.1%, which is lower than gold's annual supply growth rate of about 1.8% and the U.S. CPI inflation level of about 3.3%. Currently, these token economic adjustments are still in the community discussion phase. Among them, the Solana-related proposal has gained broader support and has a higher likelihood of implementation; the Ethereum proposal still requires further discussion.If the adjustments are implemented, staking users may face reduced token rewards, as part of the staking income comes from the issuance of new tokens. However, due to the decline in the growth rate of circulating supply, the scarcity value of the tokens may increase, potentially providing price support. For ETH and SOL holders who do not participate in staking, they may benefit directly; the final returns for stakers will depend on the balance between the decrease in rewards and the increase in prices. Zach Pandl concluded that ETH and SOL are becoming important digital commodities supporting stablecoins and the tokenization of real assets, and the economic model adjustments aimed at reducing inflation may further strengthen their scarcity attributes.

153 stolen addresses contain 132.95 BTC, and researchers are still unable to reproduce the Coldcard attacker's seed

According to monitoring by Bitcoin News, new research published by @PraveenPerera shows that Coldcard attackers seem to first identify addresses with vulnerabilities, then sort them by the amount of Bitcoin held, starting to transfer in batches from the addresses with the highest holdings. The transfer software used was relatively crude.One address had 225 spendable UTXOs, and the attackers extracted exactly the latest 200, leaving the earliest 25, which included a UTXO worth 0.16 BTC. This aligns perfectly with the limitation of a blockchain API investigated by researchers, which defaults to returning 200 records, indicating that the attackers may have failed to load the next page of data. The software even spent a UTXO of 294 satoshis, reportedly increasing the transaction fee by about 2040 satoshis, with the spent amount significantly higher than the value of the UTXO itself.The authors of the study believe that the builders of this tool may have a better understanding of the account balance system than of the Bitcoin UTXO model. Although the attackers seem to have obtained the complete seed of the victims, at least 75 BTC still remain in other addresses derived from the same seed. The biggest suspicion currently is that among the 153 stolen addresses, there are still 132.95 BTC, and researchers have been unable to reproduce the seed behind these addresses, so it cannot be ruled out that the attackers obtained undisclosed private device data or candidate data.

Bitget launches a $300 million "Archimedes Plan" to provide special funding support for quantitative and asset management institutions

Bitget announced the launch of the "Project Archimedes," establishing a special fund with a total scale of $300 million to provide capital support for quantitative trading firms, asset management institutions, and market makers. The plan includes two sub-projects: a $100 million "Capital Support Program," which focuses on supporting emerging and growth-oriented quantitative institutions that adopt market-neutral strategies; and a $200 million "Interest-Free Lending Program," aimed at institutions with mature strategies and a certain trading scale, which can obtain interest-free funds by meeting corresponding trading volume or position standards to reduce financing costs and expand strategy scale.Bitget CEO Gracy Chen stated that as competition in institutional trading intensifies, capital, execution efficiency, and risk control are becoming important factors in whether strategies can achieve scalability. The Archimedes plan aims to help capable teams expand their strategy scale through capital support, with expectations to support over 50 projects in the next six months. Meanwhile, relying on Bitget's Unified Trading Account (UTA), institutions can use rToken spot positions as collateral for derivatives, allowing them to maintain tokenized stock exposure and contract strategies simultaneously without cross-account transfers, further enhancing capital efficiency.The Archimedes plan will adopt a long-term cooperation framework, implementing rolling access and phased deployment, and will regularly disclose progress such as the number of participating institutions, capital deployment scale, and strategy distribution.

OpenAI launches the GPT-5.6-Cyber model, enhancing vulnerability discovery and security research capabilities

OpenAI announced the expansion of its cybersecurity defense program Daybreak and launched the GPT-5.6-Cyber model specifically for the cybersecurity field, aimed at helping authorized security researchers and defense teams enhance their vulnerability discovery, threat analysis, and security testing capabilities. As attackers increasingly leverage AI to launch faster and larger-scale cyberattacks, defenders need to gain advanced AI capabilities in advance.This Daybreak offers two types of access: Daybreak Blue is aimed at most defense teams, providing general models such as GPT-5.6 Sol for vulnerability discovery, secure code review, malware analysis, incident response, and patch validation; Daybreak Red is aimed at advanced security research, providing GPT-5.6-Cyber for authorized vulnerability research, vulnerability validation, and security testing. GPT-5.6-Cyber is trained on GPT-5.6 Sol and optimized for cybersecurity tasks, including discovering zero-day vulnerabilities and analyzing exploit chains. It has been used in actual vulnerability research and has identified high-risk vulnerabilities in software, including the Chrome V8 JavaScript engine. Additionally, OpenAI stated that GPT-5.6-Cyber has also helped discover high-risk vulnerabilities in various domains, including privilege escalation vulnerabilities in mobile operating systems, remote code execution vulnerabilities in databases, and hundreds of privilege escalation vulnerabilities in operating system kernels.OpenAI also emphasized that Daybreak Red will only be accessible to approved individuals and organizations, controlling access through measures such as authentication, account security, monitoring, usage restrictions, and legal disclaimers. The company stated that it will continue to strengthen security monitoring, access management, and model security testing to reduce the risk of advanced cybersecurity models being abused.
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