KITE Foundation: Attack on KITE Token Detected, Neutralized With No Funds Lost

According to market data from BIT (bit.com), U.S. storage sector stocks fell collectively in pre-market trading. SanDisk dropped over 8% due to poor performance guidance, Western Digital fell 12%, and SK Hynix declined 6%. Additionally, the recently sharply rebounding CPO sector saw a slight pre-market dip: AAOI was down 2.79% and LITE fell 0.52%.

Hong Kong stocks closed lower, with the Hang Seng Index down 1.49% and the Hang Seng Tech Index down 2.28%. MINIMAX-W rose approximately 17%, while Baidu and Semiconductor Manufacturing International Corporation (SMIC) fell around 4%.

Coinbase has rolled out stock trading in the UK, enabling British users to buy and sell nearly 4,000 US stocks within the same app. The feature supports 24/5 trading and shares a unified account with the platform’s cryptocurrency and fiat assets. It is reported that the service charges zero commissions, allows fractional share trading, and stocks are cleared and executed in the U.S. by Apex Clearing. Users can fund trades using either British pounds (GBP) or USDC.

Forbes Real-Time Billionaires List data shows Justin Sun’s net worth of $8.5 billion has surpassed Wang Jianlin’s $4.4 billion. In response, Sun said: “No ups and downs, only wake-up calls. Wang Jianlin was once a ‘god of the era,’ just as I was once a young person no one believed in. The cruelest part of era changes is that those at the peak are always the last to notice. So today, if a young person tells me something I don’t understand or even want to mock, I can no longer hold the same confidence I had when dealing with Wang Sicong. I will pour him a cup of tea and let him talk about his world. Because arrogance is always the first asset to be liquidated. We can never predict the future, but trusting young people is always the right thing to do.” In 2019, Sun spent roughly 31.54 million yuan to purchase Warren Buffett’s charity lunch. Back then, Wang Sicong shared the related article on his WeChat Moments with a mocking caption.

According to YuEmber monitoring, a crypto whale has shifted to MU stock tokens after cutting losses on SPCX. The address transferred 20,100 SPCXB (valued at $2.3 million) to Binance in the early hours, with an estimated loss of $720,000. Twenty minutes ago, it withdrew 8,000 MUB (worth $6.97 million) from Binance.

South Korea's Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mu stated this morning that amid overseas risk shocks, only the stock market has suffered a severe blow, an unusual and rare situation unlike in the past, but the government and central bank have sufficient policy tools to address market volatility caused by external shocks. However, the market did not respond positively to Choi's market-stabilizing remarks. According to Bitget market data, at today's close, South Korea's KOSPI index dropped 302.82 points, a 4.59% decline. Heavyweight stocks SK Hynix fell 10.3% and Samsung Electronics slid 6.3%. After a sharp rebound last Friday, South Korean stocks have seen more losses than gains this week, seemingly on track to enter a new round of gradual decline and deleveraging.