Brazil Supreme Court upholds judge’s decision to suspend Elon Musk’s X

cointelegraphОпубліковано о 2024-09-01Востаннє оновлено о 2024-09-02

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Hackers’ Day | July 23: $35.5M Lost. A Reminder That Security Is a Shared Responsibility

On July 23, a series of major DeFi security incidents resulted in combined losses of approximately $35.5 million within six hours. The attacks primarily exploited vulnerabilities in cross-chain bridge infrastructure and supporting systems, rather than the underlying blockchains themselves. These events underscore that security is a shared responsibility across the crypto industry, extending far beyond smart contracts to include infrastructure resilience and operational safeguards. The report highlights the need for continuous industry-wide improvements in areas such as independent audits, proof of reserves, protection funds, and transparent risk management. It also provides safety tips for users, emphasizing the importance of evaluating a platform’s security measures and transparency before depositing funds. Finally, the article outlines WEEX exchange’s security framework, which includes a 1,000 BTC Protection Fund, 1:1 Proof of Reserves, and enterprise-grade infrastructure, developed over eight years of operation. The core message is that effective security is built proactively, through long-term commitment and industry-wide collaboration, not merely in response to incidents.

TheNewsCrypto3 хв тому

Hackers’ Day | July 23: $35.5M Lost. A Reminder That Security Is a Shared Responsibility

TheNewsCrypto3 хв тому

Shing-Tung Yau Invites Wang Hong and Deng Yu to Teach Back Home, After 20 Years of Rivalry, Tsinghua and Peking University Realize the Opponent Isn't Each Other

On July 23, the Fields Medal, the highest global mathematics award, was awarded to two Chinese mathematicians, Wang Hong and Deng Yu, both undergraduate classmates from Peking University's class of 2007. This marks the first time mathematicians who completed their undergraduate studies in mainland China have won the prize, with two laureates in the same year. Following the announcement, renowned mathematician Shing-Tung Yau publicly invited Wang and Deng to return to China to teach at Tsinghua University's Qiuzhen College. This invitation is the latest episode in a decades-long rivalry between Tsinghua and Peking University (PKU) for supremacy in Chinese mathematics. The competition traces back to a 1952 national university restructuring that transferred Tsinghua's entire mathematics department to PKU, leaving Tsinghua without a math program for nearly 30 years until its reinstatement in 1979. The rivalry intensified in 2005 with a public falling-out between Yau and his former student, PKU professor Gang Tian. Subsequently, Yau shifted his efforts to building Tsinghua's mathematics program from the ground up. He established the Yau Mathematical Sciences Center in 2009 and founded the Qiuzhen College in 2021, implementing an elite, accelerated "Math Leadership Program" to recruit prodigies as young as middle school students. The competition spans multiple fronts: recruiting top junior high and high school students from math olympiads, luring renowned scholars from overseas, and securing research funding. A new and fierce battleground has emerged in AI and mathematical reasoning. Both universities are heavily investing in AI research to enhance large language models' mathematical capabilities, with Tsinghua collaborating on projects like the STARE algorithm and PKU developing specialized models for geometry. Despite the intense competition, this rivalry has arguably elevated China's overall standing in mathematics. Chinese mathematicians now frequently publish in top journals and win major international awards. At the recent 17th Yau College Students Mathematics Contests, PKU students swept the top individual awards. Yau, presenting the awards, emphasized the need for inter-university collaboration to advance Chinese mathematics. The landscape is now shifting with the rise of AI in mathematical research. As AI begins to generate proofs at an unprecedented rate, the traditional metrics of competition between institutions may become less relevant. The future for mathematicians, as noted by Terence Tao, is navigating an era of "proof surplus" driven by AI, presenting a new common challenge that transcends university rivalries.

marsbit3 хв тому

Shing-Tung Yau Invites Wang Hong and Deng Yu to Teach Back Home, After 20 Years of Rivalry, Tsinghua and Peking University Realize the Opponent Isn't Each Other

marsbit3 хв тому

Is crypto a good investment? Why risk tolerance and dollar-cost averaging matter

The article examines whether cryptocurrency is a good investment, emphasizing the critical roles of risk tolerance and dollar-cost averaging (DCA). While crypto's popularity has surged significantly—evidenced by search trends and growing institutional adoption through ETFs and tokenization—it remains a volatile, high-risk asset class. Survey data shows many investors see crypto as attractive yet risky, with it comprising about 10% of average portfolios alongside more traditional assets. Since July 2017, the total crypto market cap has grown substantially, but the potential for high rewards is accompanied by significant dangers like scams, hacks, and market downturns. The key for investors is to assess their financial goals, time horizon, and risk appetite. Recommendations include investing only what one can afford to lose (with suggested allocations as low as 1-2%), using DCA strategies during bear markets, and maintaining consistency and risk management whether investing directly in crypto assets or through ETFs.

ambcrypto6 хв тому

Is crypto a good investment? Why risk tolerance and dollar-cost averaging matter

ambcrypto6 хв тому

Bears tighten grip on AVAX as open interest rises alongside falling prices

Avalanche's AVAX token price dropped 4.91% in 24 hours, marking one of the largest declines among top cryptocurrencies. This decline occurred alongside a rise in Open Interest, a noticeable drop in spot Cumulative Volume Delta (CVD), and funding rates turning negative, indicating strong bearish sentiment and heightened short-selling activity. The price fell below the crucial $6.50 local support zone, threatening to accelerate the downtrend toward $6.00 or lower. Despite a recent surge in on-chain transactions, AVAX has struggled to break the $7.08 resistance, solidifying a bearish market structure. With Bitcoin also trading below key support levels, overall market pressure is contributing to AVAX's weakness. A cluster of potential short liquidations in the $6.70-$6.85 zone presents a risk for a brief price rebound or short squeeze. Traders are advised to maintain a bearish outlook while remaining cautious of this potential volatility.

ambcrypto7 хв тому

Bears tighten grip on AVAX as open interest rises alongside falling prices

ambcrypto7 хв тому

UBS Interpretation: Public Funds' Tech Holdings Hit Record High, Electronics Becomes Core Increase in Q2

According to UBS's latest China equity strategy report, in Q2 2026, mutual funds' allocations to A-share "hard tech" reached a historical high. The electronics and telecommunications sectors, along with the STAR and ChiNext boards, were the primary focus of increased holdings. The standout figure is the mutual fund allocation to the major technology sector (encompassing electronics, telecom, computers, and defense), which rose to 57.3%, with an overweight position of 18.5%—both setting new records. UBS calculations show the electronics sector alone saw a 20.2 percentage point increase in allocation for the quarter, making it the strongest area of buying. Telecom and machinery allocations also rose. This trend was reinforced by foreign capital inflows. Estimates from major securities firms indicate northbound capital turned to a net inflow of over 2.1 trillion yuan in Q2, a sharp reversal from Q1 outflows. According to UBS's sector classification, industrials and IT were the main destinations for these inflows. The shift wasn't broad-based but concentrated in specific tech areas. Concurrently, holdings in traditional sectors like consumer staples and certain cyclicals declined. The allocation to the STAR and ChiNext boards also hit record highs, indicating a broader exposure to high-growth tech assets beyond just leading industries. Furthermore, the expansion of actively managed technology-themed funds—now constituting 27.5% of total active mutual fund AUM—suggests this is a structural shift in fund focus, not merely short-term portfolio rotation. While this concentration of institutional capital can provide valuation support and liquidity for the hard tech sector, the report cautions that historically high positioning also increases susceptibility to short-term volatility, profit-taking, and external market shocks. The sustainability of the trend will depend on the concurrent realization of upward earnings revisions, stabilization of leverage, and continued foreign capital inflows, all against a backdrop of supportive policies for AI, semiconductors, and advanced manufacturing.

marsbit11 хв тому

UBS Interpretation: Public Funds' Tech Holdings Hit Record High, Electronics Becomes Core Increase in Q2

marsbit11 хв тому

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