Bridgewater CEO warns AI could trigger risks of 'social disorder'

Solv Protocol has issued a clarification on the recent BTC+ redemption incident that sparked public discussion, stating that BTC+ deposit and redemption mechanisms are currently operating normally. The incident is an isolated case: a specific transaction triggered the protocol’s risk review, and it does not affect BTC+’s overall deposit and redemption functions. Assets related to the incident remain safe and intact within the protocol, with no transfer, destruction, or other disposal. The matter is under review in accordance with established risk management processes. The protocol will handle the incident based on verifiable information and evidence, rather than making judgments solely based on social media identities or one-sided public statements. If necessary, Solv Protocol will cooperate with legal counsel or pursue relevant judicial procedures to further verify the situation. Solv added that it will not respond to future public discussions based on online identities or similar cases, and will continue to prioritize asset safety and the normal operation of BTC+. Earlier, X user @neillee99 posted that he withdrew approximately 50 BTC from Binance on July 8, converted it to SolvBTC and BTC+ via standard processes to earn an annualized return of around 3%. BTC+ subsequently suspended minting and redemption; Solv Protocol announced the resumption of these functions on July 31, but the user claimed his address remains restricted and his related assets have not been redeemable to date. The user noted he has submitted proof of fund sources, transaction records, and wallet control, with his demand being the lifting of the address restriction.

US Senate Majority Leader Thune stated that Congress may raise the debt ceiling after the midterm elections.

According to Bloomberg, MSCI has launched a series of new indices to help investors more precisely allocate or hedge risk exposures across different segments of the AI supply chain. The indices cover physical infrastructure, digital infrastructure, and the application layer that brings AI to real-world use, enabling investors to target specific segments instead of placing a one-way bet on the entire AI sector. Jana Haines, MSCI’s Head of Index Business, stated that investors are seeking more specific risk exposures across dimensions including industry, company size, and country, and aim to segment these exposures based on their portfolio requirements. However, these indices do not address how retail investors can hedge their growing AI exposure via retirement accounts, as index hedging and speculative strategies are generally not suitable for ordinary investors. Bain & Company estimates that by 2031, the industry will need to generate $6 trillion in annual revenue to support the AI infrastructure currently under construction, while existing applications are projected to only produce $1.2 trillion by that time. New search engines, autonomous vehicles, and yet-to-emerge applications may fill part of the gap, but a revenue shortfall of trillions of dollars is still expected.

The U.S. Treasury Department said it will buy up to $60 billion in 10- to 20-year U.S. Treasury bonds as part of its liquidity repurchase operation on October 1.

According to HTX market data, Bitcoin has fallen below $84,000, with a 0.02% decline in the past 24 hours.

The Drift Foundation has announced an update on fund recovery from the April 1 security incident, in which approximately $295.4 million in user assets was stolen. The foundation has hired Mandiant, zeroShadow, and SEAL 911 to conduct investigations and fund tracing, with Mandiant identifying the attacker as North Korean threat group UNC6862. The stolen funds were subsequently bridged to Ethereum, with roughly 130,259 ETH dispersed across four wallets. Three of these wallets have not seen any transfers to date, holding a combined 107,165 ETH; the remaining wallet transferred approximately 23,094 ETH to Tornado Cash on July 23. The foundation noted that around $9.2 million in stolen funds has been frozen so far; the relevant funds were moved via Tornado Cash in August, though their unfreezing and return will still require compliance with legal procedures. The Drift Foundation will transfer all assets recovered through freezing, bounties, or law enforcement channels to the DFX Recovery Pool, and is evaluating the future trajectory of the DRIFT token within the broader ecosystem. Additionally, the foundation has partnered with Bybit to launch a public bounty program, offering a 10% reward on successfully recovered funds.