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

Market Observation: Geopolitical risks easing and monetary policy signals drive a rebound in risk assets. The macro environment is showing a positive shift. The news of a ceasefire agreement between Israel and Iran has significantly eased geopolitical tensions, boosting market risk appetite, causing oil prices to fall back to pre-conflict levels, and gold briefly dropping below the $3,300 mark. Against this backdrop, Federal Reserve Chairman Powell sent key signals 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 a policy shift is more likely to wait until the September meeting. He admitted that if inflationary pressures are kept under control, there would be a "sooner rather than later" rate cut, but the current strong economy does not require hasty action, while also pointing out that tariff uncertainty is the main reason for delaying a rate cut. This statement was interpreted by the market as dovish, and combined with the easing of geopolitical risks, led to a significant surge in U.S. stocks – the Nasdaq 100 reached an all-time high, and the Dow Jones soared 500 points in a single day.

Pundi AI was delisted from major exchanges in South Korea after a Hacker attack. Recently, Pundi AI was attacked by a Hacker and was requested by the Korea Digital Asset Exchange Association (DAXA) to have its token delisted by its members. The incident was triggered by theft during the token migration process and the failure to timely disclose relevant information to the public. According to the co-founder of Pundi AI, on the afternoon of July 12, hackers exploited a vulnerability in the token migration contract, resulting in an abnormal issuance of 1 million PUNDI tokens. The team took immediate action upon discovering the anomaly, freezing transfers and initiating asset tracking. Considering that the hackers did not immediately sell all the tokens, the team decided not to disclose the details for now, in order to recover as much of the assets as possible. This strategy has achieved significant results. The team successfully intercepted about 95% of the stolen assets on Ethereum and their own mainnet. The main losses occurred on the BSC chain due to delayed responses from third-party service providers over the weekend. In the end, the team

A Review and Reflection on the Pundi AI Delisting Incident from the Korean Exchange In mid-July, Pundi AI suffered a hacker attack, resulting in the abnormal issuance of 1 million tokens. After the incident, the team quickly took action to freeze and recover assets, ultimately managing to recover nearly 90% of the stolen funds and advance over a million dollars to fully compensate users. However, Pundi AI was notified by the Korea Digital Asset Exchange Association (DAXA) to be delisted from the Korean exchanges due to "untimely information disclosure." Key Timeline of Events: - March 2: Pundi AI announced a rebranding and token swap, at this time the hacker had already infiltrated but had not been discovered. - July 12: Hackers launched an attack, resulting in an abnormal issuance of 1 million tokens. On the same day, the team froze transfers and initiated tracking, and in the evening, the CEO disclosed the contract vulnerability to the community. - July 14: Disclosed the attack incident to the exchange.

Pundi AI encountered an abnormal issuance of tokens due to a hacker attack. The team successfully recovered nearly 90% of the stolen assets, but was delisted by the Korean exchange due to untimely information disclosure. Co-founder Danny Lim emphasized the importance of transparency and stated that the team will repurchase tokens and launch new products to enhance community trust, with future plans focused on decentralized exchanges and data assetization.

Driven by macro Favourable Information, Bitcoin broke through $106,000, but the market remains cautious about future trends. The possibility of regulatory easing and crypto stock services has drawn attention. Ethereum's performance is weak, while emerging Tokens are favored. Financial Institutions are gradually accelerating their layout in the encryption field, and overall market sentiment is improving.