Brian Armstrong claims that capitalism is facing attacks such as wealth taxes and price controls

US President Trump has issued a statement supporting MyPillow CEO Mike Lindell's candidacy for governor of Minnesota and stating that Mike Lindell would be a great governor. Mike Lindell is a supporter of digital assets and announced the launch of PILLOW token based on Solana chain at the end of 2024 or early 2025 for use in the MyPillow ecosystem LindellTV、 Discount shopping, content access, and charity.

Solana ecosystem protocol FlashTrade discovered an unauthorized withdrawal of $98000 and subsequently suspended trading, recharging, and withdrawals. At present, the FlashTrade trading function has been restored, and recharge and withdrawal have been suspended for about 24 hours to complete fund reconciliation. The FlashTrade team promises to fully bear the loss of $98000, and user funds will not be affected. The FlashTrade team is waiting for MagicBlock to complete the risk disclosure and release the fix patch, which is expected to take 12 to 24 hours.

[42DAO Suffers $912,000 Loss Due to BTCB Oracle Price Anomaly] SlowMist issued a warning that 42DAO was attacked due to an abnormal BTCB oracle price, resulting in a loss of approximately $912,000. The attacker exploited the abnormally low BTCB price provided by the Median Oracle and executed the attack through the Spotter contract's poke mechanism and the Dog contract's bark mechanism. The Spotter module lacked checks for price deviation, maximum drawdown limits, and minimum price protection, which allowed the abnormal low price to be written into the Vat. The Dog module, without liquidation delays and oracle price verification, initiated instant liquidations on multiple BTCB vaults. The attack was carried out in a single transaction, with the attacker profiting from liquidation arbitrage.

The AI industry chain boom has driven the rise of Japanese and Korean chip stocks, with SK Hynix rising more than 9% and Samsung Electronics rising more than 6%, driving the Korean KOSPI index to rise more than 6%. The Korean exchange has launched the Sidecar mechanism to suspend programmatic buying. The Nikkei 225 index in Japan rose by about 1.7%, Kaixia rose by over 8%, Rohm Semiconductor rose by over 4%, and SoftBank Group rose by over 3%. The Philadelphia Semiconductor Index of the US stock market closed up 5.21%, with Intel and AMD up over 8%, Arm up over 7%, TSMC ADR up over 5%, SanDisk up over 14%, SK Hynix ADR up over 13%, Micron Technology and Western Digital up over 12%.

According to SolanaFloor, Ramp, a financial platform serving over 70000 businesses, has launched stablecoin accounts on Solana, allowing businesses to hold USDC or USDT and achieve 24/7 cross-border payments through existing approval and accounting workflows.