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ZachXBT: Revolut allegedly caused the leakage of information for some high-net-worth users due to mistakenly trusting a forged government request

On-chain detective ZachXBT posted on his personal channel that Revolut allegedly leaked some users' personal identifiable information (PII) due to failing to recognize a forged government agency information request.According to his disclosure, Revolut previously received a request for customer information retrieval that appeared to come from a real government agency and was sent through the agency's official email domain. Because the email had valid domain authentication information, Revolut believed the request was legitimate and responded accordingly.The potentially involved data includes users' names, birth dates, occupations, addresses, email addresses, and phone numbers, as well as copies of passports or driver's licenses, identity verification selfies, account statements, IBANs, withdrawal records, and complete transaction histories, including Bitcoin transaction records. Revolut stated in the notification sent to users that no biometric facial telemetry data was leaked.ZachXBT indicated that the scale of the incident may currently be limited, but it appears to primarily target high-net-worth users. Several Revolut users received notifications regarding the related security incident yesterday. Revolut officials had previously reminded users to verify suspicious information through in-app customer service to avoid providing personal or financial information.

first_img Better and Coinbase launched Bitcoin collateral loans, and the staked Bitcoin can be re-collateralized

According to CoinDesk, the Bitcoin mortgage product jointly launched by Better Mortgage and Coinbase has been fully launched last week. Borrowers can pledge Bitcoin at a 250% collateral rate to pay for the down payment on a home. For example, to purchase a $500,000 property, one would need to pledge $250,000 in Bitcoin to support a $100,000 down payment. Since the full launch, the pre-application loan scale has reached $360 million, higher than the previous estimated $260 million from the waiting list users.At closing, borrowers will receive two loans: one is a conventional mortgage secured by the property that meets Fannie Mae standards, and the other is a down payment loan secured by pledged Bitcoin and a subordinate lien on the property. Better disclosed that it may re-pledge the Bitcoin pledged by borrowers, as long as an equivalent amount of assets is retained for return. Borrowers cannot retrieve their crypto assets early and must wait until the conventional mortgage is fully repaid or refinanced to recover them, meaning Bitcoin may be locked for up to 15 to 30 years.Unlike typical crypto loans, a drop in Bitcoin prices will not trigger a margin call or automatic liquidation; liquidation of pledged assets may only occur 60 days after the borrower defaults. Coinbase only acts as a custodian and technology provider and does not participate in credit decisions. Currently, the product only supports Bitcoin collateral; both parties mentioned USDC when announced in March but ultimately chose to launch with BTC first.

Berkshire CEO: Plans to hold long-term stakes in Japan's five major trading companies, AI data centers bring energy opportunities

Berkshire Hathaway CEO Greg Abel stated in an interview with CNBC that the company plans to hold its stakes in Japan's five major trading companies as a long-term investment, expecting to hold them for decades. Currently, Berkshire holds over 10% of shares in each of the five major trading companies and is continuously exploring other cooperation opportunities in Japan and overseas with these enterprises. Abel also mentioned that despite the 10-year Japanese government bond yield rising to about 3%, the five major trading companies do not view the rise in interest rates as a fundamental challenge, and Berkshire still plans to issue yen bonds as needed.Regarding AI investments, Abel stated that the rapid development of artificial intelligence and the practical applications of AI by Berkshire's subsidiaries are among the important reasons for the company's optimism about Alphabet. On the construction of AI data centers, he believes that energy supply and related infrastructure development remain major constraints, which also presents significant opportunities for Berkshire and Berkshire Energy. Abel pointed out that the company is willing to provide energy services for large tech companies' data centers, but on the condition that it does not harm the interests of other customers and should bring net benefits to the local community.In terms of the U.S. housing market, Abel stated that Berkshire takes a long-term view of the housing industry, believing that the "American Dream" will continue, but there will not be a rapid recovery in the short term, and the industry may still face fluctuations for some time. Regarding the overall economy, he noted that most of Berkshire's large businesses performed strongly as of the second quarter, with demand still robust, but American consumers are under significant pressure and need to be more cautious in managing their income; overall, the economic fundamentals that Berkshire currently sees remain "very strong."

first_img BitMine has staked 5.07 million ETH, accounting for 4.9% of the total Ethereum supply

Bitcoin mining company BitMine Immersion Technologies stated in its latest staking disclosure that as of August 30, it has staked 5,067,309 ETH, valued at approximately $12.7 billion based on a price of $2,511. The company's disclosed staking balance remained unchanged from August 9 to 30, while it added 53,501 ETH in the latest week, bringing its total holdings to 5,901,112 ETH.BitMine indicated that its Ethereum vault accounts for about 4.9% of the total Ethereum supply of 120.7 million coins, and the company had previously set a target to acquire 5% of the total Ethereum supply. The company has set the annualized yield for its staking operations over the past seven days at 2.63%, stating that the annualized staking income corresponding to the current holdings is approximately $335 million; if the entire ETH balance is staked through its self-built network and staking partners at the same yield, the annualized staking rewards could reach $390 million.BitMine officially launched its self-built "Made in America Validator Network" (MAVAN) in April this year. In its April disclosure, the company mentioned that some staked ETH had already been deployed on MAVAN, but did not specify the exact amount. BitMine's staking holdings were 4,879,157 ETH at the beginning of July, surpassed 5 million on August 9, and have remained stable in the subsequent four weekly disclosures. The company's chairman, Tom Lee, has stated that BitMine's staked ETH amount exceeds that of any other entity.

first_img SBI Holdings invests $270 million in Indonesian platform Ajaib to acquire a 20% stake

SBI Holdings, a Japanese financial services group, announced an investment of $270 million in the Indonesian multi-asset investment platform Ajaib Group, acquiring approximately 20% minority equity, making the Jakarta-based Ajaib an equity method associate of SBI. Ajaib confirmed this strategic investment in a LinkedIn post on Friday, stating that it is the largest tech financing in Indonesia since 2022, bringing its total funding since 2019 to over $500 million.Ajaib offers investment channels including domestic and international stocks, bonds, mutual funds, exchange-traded funds, crypto assets, stablecoins, commodities, and foreign exchange, while also covering payment and savings services, and providing over-the-counter stablecoin settlement services and liquidity support for Indonesian businesses and institutional investors. SBI stated that this collaboration will promote the adoption of digital assets in Asia and continue to expand its business footprint in the region.The SBI Group operates the Japanese crypto exchange SBI VC Trade, the Singapore exchange Coinhako, and the UK market maker B2C2. Other digital asset projects include the yen stablecoin JPYSC and the Layer 1 blockchain Strium developed for financial applications. SBI Holdings Chairman and President Yoshitaka Kitao stated that in the era of tokenization, the importance of global infrastructure for digital assets is increasingly prominent. SBI is establishing a network of digital asset exchanges in Southeast Asia through the "SBI APAC Digital Economic Zone" initiative, and Ajaib's model of combining traditional financial products with digital assets aligns with this strategy.

first_img SBI acquired a 20% stake in Indonesian brokerage Ajaib for $270 million, expanding its yen stablecoin

According to CoinDesk, Japanese financial giant SBI Holdings plans to acquire a 20% stake in Indonesian online brokerage Ajaib Group for $270 million by the end of this month to expand the circulation of its yen stablecoin JPYSC in Southeast Asia and utilize blockchain technology to build cross-border settlement infrastructure.Ajaib provides a foothold for SBI to enter the Indonesian market. Indonesia is one of the largest retail investment markets in ASEAN, with over 20 million retail investors and an estimated retail market size of $375 billion. Ajaib operates online brokerage, forex margin trading, cryptocurrency, and asset management businesses in Indonesia, and this $270 million deal is also the largest tech financing in Indonesia in years.SBI Chairman and President Yoshitaka Kitao stated that in the era of tokenization, the importance of global digital asset infrastructure is becoming increasingly prominent. This investment is part of SBI's strategy in Southeast Asia, having previously acquired Singapore cryptocurrency exchange Coinhako for about $100 million and invested in Singapore digital securities trading platform DigiFT. The Japanese government has also recently announced plans to build blockchain infrastructure for stocks and government bonds, with the expectation of launching 24/7 on-chain settlement in the early 2030s.
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