Near Intents Hacked for $3.8M Days After Denying North Korea-Linked Bitget Hacker
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NEAR jumps nearly 80% in a week as Intents volume nears $30B
Near expanded privacy features for traders as NEAR Intents recorded $29.3 billion in cumulative volume, including swaps involving Zcash.
North Korean fake recruiters infect 30K devices, steal $10.7M in crypto
North Korean cyber group WaterPlum targeted developers with fake jobs at crypto, AI and NFT companies, infecting at least 30,000 devices across more than 100 countries.
North Korea drives onchain malware surge, CoinEx shuts: Asia Express
North Korea and Iran account for the majority of onchain malware, while Malaysia has been named among the most crypto curious Islamic nations.
North Korea using foreign talent to help infiltrate US companies: Report
The DPRK has turned to third-country IT workers to pass job interviews, after which, the positions are usually taken over by North Korean operatives.
NEAR Protocol introduces Confidential Intents, enabling developers to integrate confidential execution capabilities.
PANews reported on July 8th that NEAR Protocol announced the launch of Confidential Intents, opening up NEAR's confidential execution infrastructure to all developers. Developers and dApps can provide users with confidential transaction functionality through the NEAR Intents 1Click Swap API. NEAR stated that Confidential Intents uses encryption rather than proof generation, requiring no client-side proof and not increasing wallet complexity; each user's data is individually encrypted rather than pooled obfuscation. Integration only requires adding one parameter, without rebuilding. Over $1.5 billion in ZEC has already been settled through NEAR Intents, and within weeks of its launch, 42% of transaction volume used confidential mode, with daily confidential TVL exceeding $30 million.
South Korean stocks plunge 20%, nearing a bear market; the AI boom faces the awkward situation of "the more disastrous the earnings, the steeper the decline."
According to BlockBeats, on Wednesday afternoon, July 8th, South Korean stocks extended their losses as investors reassessed the outlook for AI demand. The KOSPI index fell by more than 6% at one point, breaking below 7200 points, and has cumulatively fallen by more than 20% from its all-time high last month, poised to enter technical bear market territory. Memory chip maker SK Hynix fell by as much as 5%, and Samsung Electronics fell by 6.9%. The Korea Exchange initiated a temporary trading halt on the KOSPI index, suspending algorithmic trading. South Korean stocks were among the strongest performing markets globally this year, but their performance is highly dependent on SK Hynix and Samsung Electronics, amplifying volatility when sector sentiment weakens. Even with Samsung Electronics announcing a 19-fold surge in quarterly profits earlier this week, chip stocks continued to be under pressure. Jordan Klein, a TMT sector expert at Mizuho Securities, stated that investors overreacted to Samsung's preliminary second-quarter results. He believes this sell-off in semiconductor stocks is more a sign of waning momentum than a deterioration in fundamentals. Klein stated that excluding one-off bonus expenses, Samsung's operating profit actually significantly exceeded expectations, with its storage business implied operating margin potentially exceeding 80%. He indicated that Samsung's single-quarter operating profit has already surpassed the total of the past three years, and reacting to Samsung's stock price based solely on preliminary results is "extremely short-sighted." Meanwhile, an AI trading rotation occurred in Asian markets. Hong Kong-listed Chinese stocks rose, with the Hang Seng China Enterprises Index rising as much as 3.4%, the Hang Seng Tech Index rising over 5% intraday, Alibaba rising over 8%, and Tencent rising over 3%. Market analysts believe that funds are flowing from crowded trades focused on AI infrastructure to markets with lower valuations and more value-oriented characteristics. Reuters' report on DeepSeek's self-developed chip and The Information's report on Zhipu AI considering designing its own AI chip further fueled this rotation. (Jinshi)