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On May 26, Yu Xian, the founder of Slow Mist, posted on social media to interpret the Squid security incident. He stated that samples showed the relevant Safe wallets were all single-signature, with different owners, but the issue was not with the private keys. The problem lies in the module used by these Safe addresses (SquidRouterModule), which has vulnerabilities that allow attackers to forge messages and easily bypass related verifications, initiating subsequent exchange operations to transfer funds from the target Safe wallet. Additionally, Yu Xian disclosed information about the addresses where the attackers' profits were deposited.

[Slow Mist's Yu Xian: Squid Security Incident Not Due to Private Key, Vulnerability in Safe Wallet's Module]On May 26, Yu Xian, the founder of Slow Mist, posted on social media to interpret the Squid security incident. He stated that samples showed the relevant Safe wallets were all single-signature, with different owners, but the issue was not with the private keys. The problem lies in the module used by these Safe addresses (SquidRouterModule), which has vulnerabilities that allow attackers to forge messages and easily bypass related verifications, initiating subsequent exchange operations to transfer funds from the target Safe wallet. Additionally, Yu Xian disclosed information about the addresses where the attackers' profits were deposited.

Slow Mist's Yu Xian: Squid Security Incident Not Due to Private Key, Vulnerability in Safe Wallet's Module

On May 26, the DeFi digital lending protocol Saturn Foundation announced via Twitter that it has blacklisted the wallets associated with the attackers of the SquidRouterModule and frozen the stolen funds. The Saturn contracts or infrastructure were not affected. Previously, according to monitoring by Blockaid, the SquidRouterModule on Ethereum and Base was exploited, resulting in the clearing of 86 Gnosis Safes within approximately 2 hours, with losses amounting to around 3 million dollars.

[Saturn Foundation Blacklists Attackers' Wallets and Freezes Stolen Funds]On May 26, the DeFi digital lending protocol Saturn Foundation announced via Twitter that it has blacklisted the wallets associated with the attackers of the SquidRouterModule and frozen the stolen funds. The Saturn contracts or infrastructure were not affected. Previously, according to monitoring by Blockaid, the SquidRouterModule on Ethereum and Base was exploited, resulting in the clearing of 86 Gnosis Safes within approximately 2 hours, with losses amounting to around 3 million dollars.

Saturn Foundation Blacklists Attackers' Wallets and Freezes Stolen Funds

According to monitoring by Dongcha Beating, Xiaomi Auto has officially released the new framework for the Xiaomi EV World Model, which integrates a driving assistance world model. This marks the first time that deep coupling of 3D reconstruction and video generation modules has been achieved internally. In autonomous driving simulations, traditional technologies often separate reconstruction from generation. The reconstruction module can restore scenes but cannot predict changes, while the generation module can predict the future but tends to suffer from distortion and drift over long sequences. The team proposed the JointWM architecture, which uses a 3D geometric structure as a physical skeleton to anchor the scene, and then uses the generation module to complete visual details and predict unobserved areas, setting multiple best performance records in mainstream benchmarks such as Waymo and nuScenes. Specifically, the reconstruction module WorldRec abandons the traditional pixel-by-pixel paradigm, opting for sparse 3D query points to represent scenes, incrementally fusing into a cross-view 4D Gaussian spatial skeleton, achieving rapid reconstruction of a 10-second video in just 10 seconds. Based on the geometric priors provided by the reconstruction module, the generation module WorldGen is constrained by the physical boundaries of the skeleton and is only responsible for generating reasonable lighting and textures. For content beyond the boundaries, such as future frames and blind spots, the generation module performs physical predictions through a two-stage temporal training and distribution matching distillation mechanism. The entire architecture achieves generation speeds of 0.19 seconds for a single view and 0.46 seconds for three views on an H20 GPU, and supports video generation of up to 1 minute long. This solution achieved a PSNR score of 28.48 in the Waymo reconstruction accuracy test and maintained a lead in zero-shot generalization in nuScenes. In terms of generation efficiency, the solution is 5.6 times faster than the autoregressive baseline Epona, with spatiotemporal coherence ranking among the best in similar algorithms. Currently, the research results have been implemented in three major scenarios for Xiaomi Auto, including delivering over 100,000 segments of high-quality synthetic data for perception model training, constructing a highly realistic closed-loop simulation environment to replicate long-tail traffic conditions, and launching a driving assistance classroom to guide user operations through generative videos.

[Xiaomi Unveils Integrated World Model Framework, Sets New Benchmark Performance Records]According to monitoring by Dongcha Beating, Xiaomi Auto has officially released the new framework for the Xiaomi EV World Model, which integrates a driving assistance world model. This marks the first time that deep coupling of 3D reconstruction and video generation modules has been achieved internally. In autonomous driving simulations, traditional technologies often separate reconstruction from generation. The reconstruction module can restore scenes but cannot predict changes, while the generation module can predict the future but tends to suffer from distortion and drift over long sequences. The team proposed the JointWM architecture, which uses a 3D geometric structure as a physical skeleton to anchor the scene, and then uses the generation module to complete visual details and predict unobserved areas, setting multiple best performance records in mainstream benchmarks such as Waymo and nuScenes. Specifically, the reconstruction module WorldRec abandons the traditional pixel-by-pixel paradigm, opting for sparse 3D query points to represent scenes, incrementally fusing into a cross-view 4D Gaussian spatial skeleton, achieving rapid reconstruction of a 10-second video in just 10 seconds. Based on the geometric priors provided by the reconstruction module, the generation module WorldGen is constrained by the physical boundaries of the skeleton and is only responsible for generating reasonable lighting and textures. For content beyond the boundaries, such as future frames and blind spots, the generation module performs physical predictions through a two-stage temporal training and distribution matching distillation mechanism. The entire architecture achieves generation speeds of 0.19 seconds for a single view and 0.46 seconds for three views on an H20 GPU, and supports video generation of up to 1 minute long. This solution achieved a PSNR score of 28.48 in the Waymo reconstruction accuracy test and maintained a lead in zero-shot generalization in nuScenes. In terms of generation efficiency, the solution is 5.6 times faster than the autoregressive baseline Epona, with spatiotemporal coherence ranking among the best in similar algorithms. Currently, the research results have been implemented in three major scenarios for Xiaomi Auto, including delivering over 100,000 segments of high-quality synthetic data for perception model training, constructing a highly realistic closed-loop simulation environment to replicate long-tail traffic conditions, and launching a driving assistance classroom to guide user operations through generative videos.

Xiaomi Unveils Integrated World Model Framework, Sets New Benchmark Performance Records

On May 26, the "15th Five-Year Plan Outline for National Economic and Social Development of Shenzhen" was released. It proposes to deeply implement the "AI+" initiative, promoting the comprehensive integration of artificial intelligence in industries, technology, people's livelihoods, and urban governance through greater scene openness. The plan aims to drive the integration of "AI+ advanced manufacturing," constructing a new generation of manufacturing system technology base that is highly autonomous, deeply flexible, and globally efficient, creating a future manufacturing model where "design equals manufacturing, manufacturing equals intelligence, and manufacturing equals service."

[Shenzhen's 15th Five-Year Plan: Promoting AI Empowerment Across Industries]On May 26, the "15th Five-Year Plan Outline for National Economic and Social Development of Shenzhen" was released. It proposes to deeply implement the "AI+" initiative, promoting the comprehensive integration of artificial intelligence in industries, technology, people's livelihoods, and urban governance through greater scene openness. The plan aims to drive the integration of "AI+ advanced manufacturing," constructing a new generation of manufacturing system technology base that is highly autonomous, deeply flexible, and globally efficient, creating a future manufacturing model where "design equals manufacturing, manufacturing equals intelligence, and manufacturing equals service."

Shenzhen's 15th Five-Year Plan: Promoting AI Empowerment Across Industries

On May 26, WonderFi announced on Monday that Canadian investment regulators have approved Robinhood's acquisition of the digital asset products and services company WonderFi. Robinhood has stated that this transaction will enhance its ability to offer programmable financial products. Robinhood's accessible, low-cost, and secure platform will continue WonderFi's mission of making cryptocurrency trading easier for millions of Canadians.

[Canadian Regulators Approve Robinhood's Acquisition of Digital Asset Company WonderFi]On May 26, WonderFi announced on Monday that Canadian investment regulators have approved Robinhood's acquisition of the digital asset products and services company WonderFi. Robinhood has stated that this transaction will enhance its ability to offer programmable financial products. Robinhood's accessible, low-cost, and secure platform will continue WonderFi's mission of making cryptocurrency trading easier for millions of Canadians.

Canadian Regulators Approve Robinhood's Acquisition of Digital Asset Company WonderFi

Astarter's four products - Launchpad, DEX, Money Market, and Tech Service Platform - are collectively completing a strategic repositioning, shifting from traditional DeFi infrastructure to the financial primitive layer of autonomous AI agent economy. The project team has released this direction signal in the March 2025 product update. This repositioning is not a product restructuring, but rather redirecting the existing four-year production level stack towards a larger Al Agent market - there are structural differences between Agent and human users in terms of financial primitive needs, and existing DeFi is difficult to directly serve. Astarter emphasizes that this positioning adjustment is "identification rather than transformation" - the same four products, a larger addressable market.

[Astarter's four DeFi stack products collectively reposition as Al Agent economic and financial primitive layer]Astarter's four products - Launchpad, DEX, Money Market, and Tech Service Platform - are collectively completing a strategic repositioning, shifting from traditional DeFi infrastructure to the financial primitive layer of autonomous AI agent economy. The project team has released this direction signal in the March 2025 product update. This repositioning is not a product restructuring, but rather redirecting the existing four-year production level stack towards a larger Al Agent market - there are structural differences between Agent and human users in terms of financial primitive needs, and existing DeFi is difficult to directly serve. Astarter emphasizes that this positioning adjustment is "identification rather than transformation" - the same four products, a larger addressable market.

Astarter's four DeFi stack products collectively reposition as Al Agent economic and financial primitive layer

On May 26, the Japanese Ministry of Finance announced that as of the end of 2025, Japan's net foreign assets amounted to 561.75 trillion yen (approximately 1 dollar equals 159 yen), reflecting a year-on-year increase of 4.4%. In terms of country and regional rankings, Japan has fallen from second to third place globally.

[Japan's Net Foreign Assets Drop to Third in the World]On May 26, the Japanese Ministry of Finance announced that as of the end of 2025, Japan's net foreign assets amounted to 561.75 trillion yen (approximately 1 dollar equals 159 yen), reflecting a year-on-year increase of 4.4%. In terms of country and regional rankings, Japan has fallen from second to third place globally.

Japan's Net Foreign Assets Drop to Third in the World

On May 26, according to CCTV News, U.S. Secretary of State Rubio, who has just concluded his visit to India, commented on the U.S. military's so-called 'defensive strikes' in multiple locations in southern Iran this morning, stating that the Strait of Hormuz 'must remain open at all costs.' Rubio emphasized, 'The (Hormuz) Strait must be open; it will ultimately open in some way; it must be open.' He also mentioned that the negotiations on the wording of the expected agreement with Iran may still require 'a few more days.'

[Rubio: Negotiations on US-Iran Agreement Wording May Take 'A Few More Days']On May 26, according to CCTV News, U.S. Secretary of State Rubio, who has just concluded his visit to India, commented on the U.S. military's so-called 'defensive strikes' in multiple locations in southern Iran this morning, stating that the Strait of Hormuz 'must remain open at all costs.' Rubio emphasized, 'The (Hormuz) Strait must be open; it will ultimately open in some way; it must be open.' He also mentioned that the negotiations on the wording of the expected agreement with Iran may still require 'a few more days.'

Rubio: Negotiations on US-Iran Agreement Wording May Take 'A Few More Days'

On May 26, according to news from Japan, the Cabinet Committee of the Japanese Senate held a meeting to discuss the legislation related to the establishment of a 'National Intelligence Agency' promoted by the Japanese government. Prime Minister Sanae Takaichi attended and faced questions from opposition parties. It is reported that the ruling party plans to vote on the legislation in the Senate committee on the same day, with the aim of passing it in the full Senate meeting on the 27th. Previously, the legislation concerning the 'National Intelligence Agency' was passed in the full meeting of the House of Representatives on April 23. According to the bill, Japan intends to construct an intelligence system centered around the 'National Intelligence Council' with the 'National Intelligence Agency' as the executive body, responsible for coordinating intelligence activities in areas such as security, counter-terrorism, and foreign intelligence activities related to foreign espionage.

[Japanese Senate Holds Meeting to Discuss National Intelligence Agency Legislation]On May 26, according to news from Japan, the Cabinet Committee of the Japanese Senate held a meeting to discuss the legislation related to the establishment of a 'National Intelligence Agency' promoted by the Japanese government. Prime Minister Sanae Takaichi attended and faced questions from opposition parties. It is reported that the ruling party plans to vote on the legislation in the Senate committee on the same day, with the aim of passing it in the full Senate meeting on the 27th. Previously, the legislation concerning the 'National Intelligence Agency' was passed in the full meeting of the House of Representatives on April 23. According to the bill, Japan intends to construct an intelligence system centered around the 'National Intelligence Council' with the 'National Intelligence Agency' as the executive body, responsible for coordinating intelligence activities in areas such as security, counter-terrorism, and foreign intelligence activities related to foreign espionage.

Japanese Senate Holds Meeting to Discuss National Intelligence Agency Legislation

The free fall in crypto markets could continue because of the system’s complexity, Deutsche Bank (DB) said in a report Wednesday.
Getting token prices to stabilize is difficult because there are no “common valuation models like those within the public equity system,” the bank said. In addition, the cryptocurrency market is highly fragmented, according to the report.
Furthermore, speculative trades are likely to involve the simultaneous use of several coins, which increases spillover effects, the bank said. Whatever liquidity might exist in these markets could quickly evaporate, which would erode confidence in prices and increase the likelihood of contagion, it added.

Detail

【Deutsche bank: Crypto free fall could continue because of the system’s complexity】The free fall in crypto markets could continue because of the system’s complexity, Deutsche Bank (DB) said in a report Wednesday.
Getting token prices to stabilize is difficult because there are no “common valuation models like those within the public equity system,” the bank said. In addition, the cryptocurrency market is highly fragmented, according to the report.
Furthermore, speculative trades are likely to involve the simultaneous use of several coins, which increases spillover effects, the bank said. Whatever liquidity might exist in these markets could quickly evaporate, which would erode confidence in prices and increase the likelihood of contagion, it added.

Deutsche bank: Crypto free fall could continue because of the system’s complexity

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Article

Shanghai and Shenzhen Markets Total Trading Volume Reaches 32,057.3 Billion Yuan, SMIC Leads in Trading Volume

Deutsche bank: Crypto free fall could continue because of the system’s complexity

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