U.S. API Cushing Crude Oil Inventories for the week ending July 18

The Pundi AI Token Theft Incident: A Dilemma Caused by Security Measures On July 12, Pundi AI suffered a hacker attack, resulting in the abnormal issuance of 1 million tokens. In response to this crisis, the team chose to first freeze, track, and recover the assets, and after ensuring the safety of the funds, disclosed the information publicly. Ultimately, nearly 90% of the stolen funds were successfully recovered and frozen, and over 1 million USD was advanced to complete full user compensation. However, Pundi AI was notified by major exchanges in South Korea to delist due to "untimely information disclosure." Event Key Timeline: - March 2: The brand was rebranded to PUNDIAI, the token was swapped to PUNDI, at this time the hacker had already infiltrated but was not discovered. - July 12: Hackers launched an attack, resulting in the abnormal issuance of 1 million tokens; transfers were frozen that day and tracking was initiated; in the evening, the CEO publicly disclosed the contract vulnerability to the community. - July 14: Disclosure of the attack to the exchange

Exclusive Interview with Pundi AI Co-Founder: Security Vulnerabilities, Delisting in South Korea, and New AI Data Business Recently, Pundi AI has attracted attention due to a hacker attack and its delisting from a major South Korean exchange. This article exclusively interviews Pundi AI co-founder Danny Lim, reviewing the events in detail and discussing the project's future development direction. Review of Security Vulnerability Incidents On July 12, Pundi AI suffered a hacker attack, resulting in the abnormal issuance of 1 million tokens. The hacker exploited a vulnerability in the token migration contract to gain administrative privileges during the deployment of the new contract in February. After discovering the anomaly, the team chose to quietly track and freeze the assets to avoid alarming the perpetrators. This strategy proved effective, successfully intercepting about 95% of the stolen assets. Ultimately, 87% of the assets were recovered, the project party bore nearly 2 million dollars in losses, and full compensation was provided to the users.

The South Korean digital asset trading barometer DAXA recently made a significant decision, with member platforms Upbit and Bithumb simultaneously announcing that they will terminate trading support for Pundi AI (PUNDIAI) on August 28. Users are required to complete asset withdrawals by September 29. This decision was not sudden. As early as July 14, PUNDIAI was listed by DAXA as a "Trading Alert Project", with core issues raised at that time including security vulnerabilities related to the project and the team's failure to timely and adequately disclose information to investors. Although the project party submitted explanatory materials, DAXA ultimately determined that "the concerns cannot be alleviated solely based on the explanatory materials provided by the foundation," and pointed out that the project has not met the standards for maintaining trading support in terms of legality, sustainability, and security. The starting point of trust collapse digital asset transaction

Global Crypto Assets Market Trends: Macroeconomic Favourable Information Drives Bitcoin to Break Through $106,000 Market Observation The macro environment shows a positive shift. The easing of tensions in the Middle East has boosted market risk appetite, with crude oil prices falling back to pre-conflict levels, and gold briefly dipping below the $3300 mark. The Federal Reserve Chairman signaled key information during a congressional hearing: while he did not explicitly rule out the possibility of a rate cut in July, he emphasized the need for more data to assess the impact of tariffs on inflation, suggesting that it is more likely to wait until the September meeting to decide on a policy shift. This statement was interpreted by the market as dovish, combined with the reduction of geopolitical risks, which propelled US stocks to surge across the board—the Nasdaq 100 reached a historic high, the Dow Jones soared 500 points in a single day, and US Treasury yields declined alongside the dollar. In terms of regulation, a large Crypto Assets trading platform is seeking approval from the US SEC to launch tokenized stock trading services. Tokenized stocks can achieve T+0 settlement and have low thresholds.

#PUNDIAI# A good project, but the whales don't want you to win.