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Tomorrow’s news rhymes on BlockBeats.
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Musk: The only way to solve the US debt crisis is AI and robots
BlockBeats news, on October 17, Musk stated that the government efficiency department (DOGE) reform experiment he once led ultimately ended in failure, proving that "it is simply impossible for us to solve the fiscal deficit problem from within the government." Musk said: "The only way to solve the US national debt problem is to rely on artificial intelligence and robots." He added: "We cannot solve this problem by tightening our belts." Musk's statement effectively acknowledged that the DOGE re
.@solana is very active in China: [Shanghai Solana Enterprise Management Company registered with a capital of 5 million yuan]
As Solana team members have been posting photos this week announcing the establishment of an office in Shanghai, China, related entity registration information has also surfaced:
🔹 Business registration details
- Shanghai Solana Enterprise Management Co., Ltd. was registered in June this year with a registered capital of 5 million yuan. Claire Du (堵燕菁), co-head of Solana China, serves as the legal representative.
- In August this year, the company, holding 45% shares, established Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. (registered capital of 10 million yuan), with Even Jiang (蒋逸雯), co-head of Solana Foundation China, as chairman.
It is worth noting
Although Solana team members have posted photos and relevant leaders hold positions, information from Qichacha and other sources shows that "Shanghai Solana" itself is a sole proprietorship owned by a natural person. Currently, there is no direct equity evidence proving that these two companies legally belong to the Solana Foundation.
From the team setting up an office in Shanghai to the successive registration of related companies, Solana's moves in the Chinese market are worth continuous attention. Next, the key will be whether more localized business, ecosystem cooperation, and developer support programs will be implemented.
STRK's maximum long unrealized loss has reached $1.01 million
BlockBeats news, on October 17, the STRK contract on Hyperliquid was temporarily reported at $0.0665, down about 13% from the previous day's reference price. Two whale addresses holding STRK long positions experienced significant unrealized losses and forced liquidation losses.
The largest STRK long address 0xd978…2fd9 holds about 64.2 million STRK long positions, with a position value of approximately $4.25 million, using 5x full margin leverage, currently with an unrealized loss of about $1.0
UNCX disclosed the Smart Token Vesting V2 cross-chain attack incident, involving a loss of approximately $807,600
BlockBeats news, on October 17, according to the official incident report from UNCX Network, on October 14, attackers exploited a set of public vesting operations in Smart Token Vesting V2 to create inconsistencies between the token balance in the pool and the recorded shares, allowing controlled positions to withdraw excess tokens.
The attack affected four networks: Ethereum, BNB Chain, Base, and Robinhood, involving 10 types of tokens and a total of 11 confirmed withdrawal transactions. The v
Arthur Hayes revealed the selection logic for this round of altcoins, emphasizing that the ultimate goal of trading altcoins is to accumulate more Bitcoin
BlockBeats news, on October 17, Arthur Hayes stated in a recent interview with The Rollup that he is disappointed with the overall performance of altcoins in recent years, noting that most new projects are overvalued and have hidden risks. He emphasized that his current fund strategy is to accumulate more Bitcoin through trading altcoins, rather than making trading itself the goal. Arthur Hayes also shared his altcoin selection logic:
1. Specifically looking for "busted charts": tokens that hav
Shanghai Solana Enterprise Management Co., Ltd. has been registered, with Du Yanjing, co-head of Solana China, as the legal representative
BlockBeats news, on October 17, according to Qichacha, Shanghai Solana Enterprise Management Co., Ltd. was registered in June this year with a registered capital of 5 million yuan. Claire Du (Du Yanjing), co-head of Solana China, is the legal representative.
Additionally, in August this year, Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. was established (registered capital of 10 million yuan). Shanghai Solana Enterprise Management Co., Ltd. holds 45% of the shares of Yaokun Qiusuo Digital
Arthur Hayes: The so-called crypto quantum threat is "nonsense," users only need to pay attention to wallet management
BlockBeats news, on October 17, Arthur Hayes stated in a recent interview with The Rollup that the so-called crypto quantum threat is "bullshit" (nonsense/exaggerated), a known and manageable risk, not a reason to sell.
Hayes believes that the real practical protection lies in wallet hygiene, such as avoiding address reuse and using updated signature types. Most risks are concentrated among those who manage their addresses poorly. Hayes does not consider quantum computing a catalyst for panic o
Thai police arrested a Chinese fugitive suspected of money laundering and crypto trading in Bangkok
BlockBeats news, on October 17, according to Thai media Khaosod English, the Thai immigration police recently arrested a 37-year-old Chinese national in Bangkok. The man is wanted by Chinese police for involvement in a transnational criminal network and money laundering activities. Police stated that the related criminal network involved transaction amounts exceeding 500 million RMB (approximately 2.485 billion Thai Baht).
The suspect is alleged to have handled cryptocurrency and foreign exchan
Holograph 1 billion token illegal issuance case opens in Paris court, involving about 14 million USD
BlockBeats news: On October 17, the case regarding the illegal minting of 1 billion Holograph (HLG) tokens in 2024 was heard in court in Paris on October 16. The amount involved was approximately 14 million USD at the time. Among the three defendants, the main suspect is a former Holograph employee of Ukrainian nationality residing in France, accused of illegally minting 1 billion HLG tokens by modifying the token creation conditions and transferring them to a personal wallet, then moving the fu