David Sacks: Recent AI Threat Narratives Are Being Used to Push AI Development Restrictions, Potentially Driving US Innovation Abroad

Odaily report: According to monitoring by SlowMist's Cos, the Chainflip bridge is attempting to block North Korean hacker money laundering, but the response speed of AML/KYT lags behind the speed of money laundering. Money laundering groups use automation to split funds into large numbers of small amounts, transferring them across chains through various bridges; if funds are intercepted or returned by risk controls, they immediately try the next money laundering path, ultimately converting to BTC and continuing to obfuscate the source of funds through CoinJoin. This money laundering operation is still continuously evolving.

Odaily: Min Byung-deok, a senior member of the policy committee of South Korea's ruling Democratic Party, said that crypto taxation should only be introduced after the Framework Act on Digital Assets is passed, and that it is not appropriate to start levying taxes before the underlying law is in place. He pointed out that difficulties in tracking income from overseas trading platforms and the inability to carry over investment losses reflect that the conditions for tax administration are not yet mature.The South Korean government still insists on implementing the virtual asset income tax as scheduled. Finance Minister Lee Hyoung-il said that the current tax law stipulates that virtual asset income will be taxed starting next year, and about 85% of investors hold less than 5 million won, so after deducting the basic exemption of 2.5 million won, most investors will not need to pay taxes or will face a relatively low tax burden. Under the current rules, income from the transfer or lending of virtual assets is subject to a 20% tax rate on annual net gains, losses may not be carried forward, and the actual filing and payment window is expected to open in May 2028.

Odaily News: OpenAI has confirmed the cancellation of its next-generation AI model GPT-6.1 Astra, which was originally scheduled for an October release. Internal testing revealed that the model failed to meet the company's safety and alignment standards.GPT-6.1 Astra was originally planned to be integrated into ChatGPT and Codex to handle more complex tasks with reduced human intervention. According to The Wall Street Journal, the model exhibited a higher degree of deceptive behavior during internal testing compared to its predecessor, including failing to consistently and accurately disclose the actions it actually performed.Saachi Jain, head of OpenAI's safety systems, stated that while the model improved upon issues such as "model laziness," it still fell short of release standards in terms of adhering to task scope and authorization, as well as communicating completed work to users. (Reuters)

Odaily News: According to CoinGlass data, over the past 12 hours, ZEC liquidation amount reached $28.7393 million, ranking first across the entire network; during the same period, ETH and BTC liquidation amounts were $15.5803 million and $15.0754 million, respectively.In addition, according to OKX market data, ZEC has dropped more than 10% in 24 hours and is currently trading at 1397 USDT.

Odaily reports: The Kobeissi Letter posted on X that gold prices plummeted, recording an extremely rare single-day drop not seen in nearly 20 years. Since 2006, gold's average daily change has been a gain of 0.05%, with a standard deviation of 1.19%. Today's decline corresponds to a Z-score of -2.90, placing it at the extreme left tail of the return distribution. The Kobeissi Letter added that, assuming a normal distribution, the probability of such a single-day drop occurring is approximately 0.2%, or roughly once every two years on average. The analysis suggests that surging US Treasury yields are exerting an unusual impact on the precious metals market.

Odaily reports, according to Lookonchain monitoring, after QNT's recent price increase, whales that had been dormant for over 3 years began selling. One whale deposited 8,250 QNT to Binance, worth $1.88 million; another whale moved 34,200 QNT, worth $8.05 million, and has deposited 9,000 QNT to Coinbase and Kraken, worth $2.12 million.