Former Treasury Secretary Downplays Economic Recession Concerns, Calls Stock Market Pullback a Natural Phenomenon

At the OKX NOW Global Product & Ecosystem Conference held in Singapore, OKX Founder and CEO Star delivered a keynote speech titled "Building Next-Gen Financial Services", stating that the trading platform is OKX’s starting point, not its end goal. Star noted that the internet, crypto technology, and AI are driving financial services toward globalization, real-time functionality, and personalization. OKX will focus on four core areas—asset custody, payments, investment, and wealth management—to build a next-generation global fintech platform. Star added that crypto finance and traditional finance are accelerating their integration: crypto technology enables 24/7 operational infrastructure, programmable money, global settlement, and self-custody capabilities, while traditional finance brings liquidity, regulatory expertise, and institutional trust. OKX will continue investing in global compliance infrastructure and enhance transparency through regular reserve proofs. Star also revealed that Deloitte has become OKX’s global audit firm. On AI, Star said AI has become OKX’s core infrastructure. Currently, approximately 95% of engineering code merge requests complete their main development work via AI workflows, with engineers handling reviews, testing, and final approvals. He added that AI will be widely applied in customer service, anti-fraud, user protection, compliance, and wealth management in the future, and is expected to make personalized wealth management services—previously targeted primarily at high-net-worth clients—accessible to more ordinary users.

Beating AI Insight News Flash: Market data shows that Zhipu's stock price has risen by over 7%. Meanwhile, Zhipu's GLM-5.3 model has been launched on Amazon, offering model services to overseas users and opening an overseas revenue sharing channel.

Ethereum co-founder Vitalik Buterin stated at the OKX Now 2026 Summit in Singapore that AI is demonstrating capabilities to break out of sandboxes, attack websites, and uncover software vulnerabilities, while also assisting the Ethereum protocol in identifying vulnerabilities, implementing complex cryptography, and conducting formal verification. He noted that a higher level of security will become both feasible and necessary, as AI will continuously discover exploitable vulnerabilities in systems. Vitalik revealed that about a month ago, he updated ENS information for the first time without using a user interface (UI), by only instructing a local AI agent to write a script, completing the operation in roughly five minutes. He anticipates that directly executing complex on-chain operations via AI will gradually become the norm, with AI emerging as a new user interface across more scenarios. Citing the Safe-related hack that caused around $1.4 billion in losses as an example, he pointed out that the attack targeted the interaction layer between users and on-chain systems, not the on-chain contracts themselves. AI directly handling transactions may reduce risks tied to reliance on web interfaces, but it will also bring new challenges—including whether AI itself is secure, resistant to prompt injection, and correctly understands on-chain operations. As interaction methods evolve rapidly, some issues will be resolved while new security challenges arise.

According to GMGN market data, Solana ecosystem tokens are seeing broad declines. Specifically: Super Inu (SI) has fallen over 49% in the past 24 hours, with a current market capitalization of $18.5 million; e/acc is down more than 46% over the same period, at a market cap of $6.9 million; Agency has dropped over 34% in 24 hours, with a market cap of $7.23 million; ANSEM is down over 13% in 24 hours, currently valued at $153 million; STONK has fallen more than 7% in the past day, with a market capitalization of $161 million.

According to monitoring by Onchain Lens, a wallet once again purchased and withdrew 54,020 HYPE tokens via Coinbase Prime, worth roughly $5.13 million. Over the past month, this wallet has added a total of 158,780 HYPE tokens to its holdings, valued at approximately $13.08 million.

A newly created wallet, t1Sj6J, withdrew 7,166 $ZEC ($9.67M) from #Coinbase over the past 12 hours.