CZ: The crypto industry is discussing forming a security alliance and hopes to receive assistance from the US government.

Bitcoin is currently priced at approximately $76,990, 5.2% higher than its 200-day moving average of $73,169, breaking the bearish trends seen before the US midterm elections in 2014, 2018, and 2022. Martin Lee, Head of Research at DWF Labs, stated that historical data shows Bitcoin's price action typically becomes volatile or slightly bearish in the initial months following midterm elections, but subsequently rises over the next 12 months. While the long-term outlook is favorable, short-term volatility should be monitored.

Kraken is investigating a suspected $133 million cryptocurrency theft in the European Union and has restricted the relevant accounts. Kraken has confirmed that its systems and customer accounts have not been affected.

Binance founder CZ stated that he has not yet communicated with US President Trump or Washington officials regarding the $6.3 billion Binance hack, but hopes to receive assistance from the US government. The crypto industry has begun discussing establishing a security alliance to share security experience, conduct cross-audits, and coordinate the rapid freezing of stolen funds. North Korean hacking activities pose a risk to crypto platforms and the traditional financial system; with the development of tokenized stocks, RWA, and stablecoins, large-scale hacking attacks have become a matter of national security.

FalconX transferred a total of 350,000 HYPE tokens, worth approximately $30.57 million, to Coinbase over three days. (Onchain Lens)

Binance founder Changpeng Zhao stated that the bull market will drive more capital inflows. Regarding asset security, Zhao pointed out that self-custodied wallets face risks related to mnemonic phrase management, and hardware wallets also face risks of attacks on the supply chain and generation process. Zhao advised retail investors to proactively learn security tools, strengthen asset protection, and called on the industry to increase investment in security engineers and the application of AI security tools.