UNCX discloses cross-chain attack on Smart Token Vesting V2, resulting in approximately $807,600 in losses.

Elon Musk stated that the government efficiency department (DOGE) reform he led ultimately came to nothing, proving "we simply cannot solve the fiscal deficit problem from within the government at all." Musk emphasized that "the only way to address the U.S. national debt is through artificial intelligence and robots," adding that "austerity measures alone cannot fix this problem." His remarks effectively acknowledge that the DOGE reform failed to meet expectations, while also suggesting a future administration could leverage increasingly capable AI to attempt resolving the issue again. Musk noted that neither the president, the House of Representatives, the Senate, nor the judiciary has the willingness to cut spending. He admitted he "went too far in some respects," having spent too much time away from his companies. "I should have stayed more behind the scenes... and this effort could have lasted just one or two months, rather than the four months I actually spent formally serving at the White House. I should have returned earlier to refocus on artificial intelligence," he said. (AXIOS)

Hyperliquid’s STRK contract is currently trading at $0.0665, down approximately 13% from the prior day’s reference price. Two whale addresses holding STRK long positions have incurred large unrealized and liquidation losses respectively. The largest STRK long address, 0xd978…2fd9, holds around 64.2 million STRK in long positions, with a position value of roughly $4.25 million, using 5x cross leverage, and currently has an unrealized loss of about $1.019 million, resulting in a position return of approximately -96%. Separately, the STRK long positions of address 0x3392…d367 were liquidated tonight: around 21.36 million tokens were forcibly closed, valued at ~$1.466 million, with a realized loss of ~$207,000. The address subsequently opened ~4.79 million new STRK long positions, with a latest position value of ~$319,000, using 5x isolated leverage, and a liquidation price of ~$0.059.

CryptoQuant founder Ki Young Ju published a post noting that the team behind the TRUMP crypto token generated a profit of $779 million to $1.16 billion from token holders, while buyers of the token incurred a 97% loss.

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, serves as its legal representative. Separately, Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. was established in August this year with a registered capital of 10 million yuan, with Shanghai Solana Enterprise Management holding a 45% stake in the latter. Even Jiang (Jiang Yiwen), co-head of Solana Foundation’s China region, is chairman of Yaokun Qiusuo, while Du Yanjing acts as a director. Public information indicates Yaokun Qiusuo’s core business includes technical services, development, consulting, exchange, transfer and promotion; computer system services; information system integration services; information technology consulting; data processing services; internet data services; IoT technology services; wholesale of computer software, hardware and auxiliary equipment; information consulting services (excluding licensed services); enterprise management consulting; financial consulting; and conference and exhibition services (overseas exhibitions require approval from relevant authorities). It should be noted that "Solana" is a name adopted by a sole proprietorship, and there is currently no equity evidence linking the two companies to the Solana Foundation. This week, Solana team members shared photos announcing the opening of an office in Shanghai, China.

In a recent interview with The Rollup, Arthur Hayes dismissed the so-called crypto quantum threat as "bullshit"—exaggerated and overblown, framing it as a known, manageable risk rather than a reason to sell assets. Hayes emphasized that effective protection hinges on wallet hygiene practices, such as avoiding address reuse and using updated signature types, noting that most risks are concentrated among users with poor address management. He does not view quantum computing as a current catalyst for panic or selling Bitcoin.

According to Thai media outlet Khaosod English, Thai immigration police recently arrested a 37-year-old Chinese national in Bangkok. The man is wanted by Chinese police on suspicion of involvement in a transnational criminal network and money laundering. Police said the criminal network in question involved transactions exceeding 500 million yuan (approximately 2.485 billion Thai baht). The suspect is alleged to have processed cryptocurrency and foreign exchange transactions for the criminal group via more than 133 accounts, and assisted members of the transnational criminal network in obtaining visas. Police added that the suspect evaded manhunts by falsifying residence registration documents, changing license plates, and altering vehicle appearances, before finally being apprehended at a luxury residence in Bangkok. Thai authorities will handle his overstay issues in accordance with the law and coordinate his deportation back to China for investigation.