AiCoin | 9.20 snapshot: Whale transfer, SEC exemption, gold surge

Universal, a cross chain asset protocol, announced its gradual closure due to insufficient user adoption, and the protocol will officially cease operation on November 17th. Users can sell uAssets through the Universal app within 60 days, or directly exchange underlying assets through the casting and redemption interface. Large redemptions can be handled by contacting the team, and existing infrastructure and uAssets' underlying asset support are not affected.

[Universal Protocol Announces Shutdown in November 2026] Due to insufficient market adoption, Universal Protocol will cease operations on November 17, 2026. During the 60-day transition period, uAssets will be backed 1:1 by underlying assets, and users can sell or redeem them through the Universal app. After the protocol shuts down, uSOL, uXRP, uDOGE, uADA, uBTC, and uLTC on the Base chain are planned to be exchanged for their corresponding bridged assets via smart contracts, while other uAssets will be converted to USDC. Universal previously completed a $9 million funding round in February last year, led by a16z Crypto with participation from Coinbase Ventures and others.

The MultiversX main network has been attacked due to a virtual machine level vulnerability, resulting in invalid state changes on the chain. Currently, the network has been suspended. The engineering team is verifying the repair plan in the shadow fork environment and evaluating the recovery plan to preserve transaction history and legal status. The official reminds users not to submit transactions or make EGLD or ESDT deposits and withdrawals temporarily.

WaterPlum disguised itself as an AI, cryptocurrency, or NFT company to provide false job positions, enticing job seekers to download malicious files, resulting in over 30000 devices being infected in more than 100 countries and regions worldwide, and stealing $10.71 million from over 7000 encrypted wallets. (Source: Forbes)

Robert Kiyosaki stated that the largest collapse in global market history has begun, starting in Europe and Japan in 2026 and spreading globally, due to factors such as AI speculation, the Iran War, high debt, and retirement of the baby boomer generation. Robert Kiyosaki is preparing through personal business, real estate, oil production well investments, as well as Bitcoin, gold, and silver, and expects severe financial pressure to drive a new round of currency printing. The International Monetary Fund (IMF) stated in April that the global public debt to GDP ratio will approach 94% by 2025 and is expected to reach 100% by 2029. According to data from the Organization for Economic Cooperation and Development (OECD), there will be 33 people aged 65 and above for every 100 working age people aged 20 to 64 in 2025, and it is expected to rise to 52 in 2050. (Source: Bitcoin.com News)