Co-founder of Hack VC responds: Has not been in contact with Hsin-Ju for over 10 months, and is equally shocked by the incident.

According to HTX market data, the crypto market has seen a short-term pullback, with established meme coins falling broadly. Key declines: MUBARAK dropped over 19% in 24 hours, plunging more than 40% from its intraday high, with its market cap slipping to $52.37 million. BROCCOLI714 fell over 13% in 24 hours, bringing its market cap to $22 million. WIF declined more than 11% in 24 hours, hitting a $230 million market cap. TRUMP dropped over 7% in 24 hours, with its market cap now at $1.477 billion. PEPE also fell over 7% in 24 hours, reaching a $1.874 billion market cap. TST saw a 24-hour decline of over 6%, standing at a $16 million market cap.

US Secretary of State Marco Rubio stated that both Russia and Ukraine have expressed interest in a limited ceasefire covering the food and energy sectors. He noted that the two sides have targeted energy facilities as strategic priorities in their war objectives, adding that negotiations on an energy ceasefire will be very difficult, but the US is willing to play a constructive role in advancing the relevant process. Rubio also said he discussed the Russia-Ukraine conflict and bilateral US-Russia relations with Russian Foreign Minister Sergey Lavrov, and hopes Russian President Vladimir Putin will accept the invitation to attend the G20 summit, believing this will create an opportunity for dialogue between the leaders of Russia and the US. (Jinshi)

Beating AI Express News: A new paper on agent training published by DeepSeek has drawn widespread attention. The 31-page paper introduces DSec, DeepSeek’s internally used production-grade sandbox platform, with over 100 authors including DeepSeek co-founder Liang Wenfeng. A notable section of the paper focuses on "agent misconduct". DeepSeek found that agents can obtain answers through unintended channels, such as residual answers in files managed by search platforms, undermining the validity of training and evaluation results. Even after implementing access controls, some agents exchange file block mappings, attempting to access protected file contents via another file descriptor, compromising tasks or shared infrastructure. DeepSeek argues that no single mechanism can prevent all agent misconduct and system failures. Thus, the team’s approach involves enhancing observability to identify new issues, and continuously hardening DSec as models evolve, including access controls to restrict agents from obtaining answers via unintended channels and reducing incentives for deceptive behavior. These controls address some of the issues.

BlackRock’s latest research report titled *Machine-Native Economy* notes that the widespread adoption of AI could act as an underappreciated driver of demand for digital assets. As AI agents and inter-machine payments gain traction, demand for stablecoins, native crypto assets, and other on-chain assets is likely to rise further. BlackRock argues that AI agents require around-the-clock high-frequency, low-value (even sub-1-cent) inter-machine transactions, while traditional payment systems face limitations in account setup, authorization, fees, and settlement efficiency. Stablecoins are particularly well-suited for such transactions and may become the primary transactional digital asset in AI agents’ business operations. Additionally, the AI computing power market could unlock new use cases for crypto assets. As AI enterprises’ demand for computing power continues to grow, computing power suppliers may in the future tokenize the rights associated with their computing capacity, allowing these tokens to be transferred, traded, or used as collateral, and AI agents can automatically purchase the required computing resources via related markets. BlackRock believes AI is poised to become a structural catalyst for digital asset adoption, while digital assets could also serve as critical infrastructure for the AI economy. Currently, this potential link remains underestimated.

The U.S. Treasury Department stated that it will repurchase at least $4 billion and up to $6 billion in long-term Treasury bonds on Thursday.

According to a Reuters report, a senior Iranian official said Tehran is reviewing the U.S. response to its proposal to end hostilities. During indirect talks with the U.S. on Tuesday, the two sides discussed reopening the Strait of Hormuz and lifting U.S. sanctions. Iran’s key priorities are a permanent end to hostilities and the lifting of the U.S. naval blockade. (Jinshi)