Core Viewpoint - Upbit, South Korea's largest crypto exchange, is undertaking a comprehensive security reset by deleting all deposit addresses following a breach that resulted in a loss of over $36 million in crypto assets [1][6]. Group 1: Security Measures - Upbit is not merely patching the affected wallet but is completely overhauling its deposit-address system to address vulnerabilities revealed by the hack [2][5]. - All users must generate new deposit addresses for every asset and network before making deposits again [2][6]. - The company is conducting a thorough security review of its deposit and withdrawal systems, implementing deeper audits and more restrictive access controls [5][6]. Group 2: Incident Details - The breach on November 27 involved unauthorized transfers of various assets from Upbit's hot wallet to an unidentified external address [7]. - Upbit's response included freezing $8.18 million in LAYER tokens on-chain and moving remaining funds to cold storage [7]. - The incident occurred six years after a previous hack in 2019, which involved the theft of 342,000 ETH, believed to be executed by North Korean cyber groups [7]. Group 3: Regulatory Oversight - South Korea's Financial Supervisory Service (FSS) is monitoring Upbit's security overhaul as part of its ongoing inspection following the hack [5][6]. - The overhaul is seen as a direct response to regulatory scrutiny after the significant loss [6].

Expanded coverageCustom metrics related to ORCA value accrual are now available: ORCA buybacks, ORCA staked, ORCA/xORCA rate, and xORCA supply.Curator, vault, and asset-level breakdowns are now available for Morpho's TVL, Active loans, Fees, and Revenue metrics. These can be accessed via Queries on Studio, allowing analysts to get a clear picture of the key drivers behind each metric. ...

Expanded coverageCustom metrics related to ORCA value accrual are now available: ORCA buybacks, ORCA staked, ORCA/xORCA rate, and xORCA supply.Curator, vault, and asset-level breakdowns are now available for Morpho's TVL, Active loans, Fees, and Revenue metrics. These can be accessed via Queries on Studio, allowing analysts to get a clear picture of the key drivers behind each metric. ...

RT Orca 🌊 (@orca_so)That vision is now reality, and we have receipts:▪ $736.1k in ORCA buybacks▪ single-day ATH of $65k▪ daily average of 16.8k ORCA deposited https://t.co/chG0HGQO9g ...

Cryptocurrency Bridge - A second ZEC to SOL bridge has launched on the Solana blockchain [1] - The bridge aims to provide incentives, airdrops, and Solana DeFi composability [1] Token & Platform - ZEC is the asset being bridged, and Solana serves as the infrastructure [1] - Zenrock and Orca are bringing Zcash to Solana with zenZEC, a decentralized wrapped Zcash [1] Incentives & Rewards - Users can deposit ZEC, mint 1:1 zenZEC on Solana, and earn $ROCK & $ORCA rewards [1]

New Listings - Kraken Pro 新增 CRO、IOTX 和 ORCA 三种 perpetual futures 交易对 [1] Trading Features - 平台提供杠杆做多和做空机制 [1] - 交易者可以捕捉全天候 24/7 的市场波动 [1] Platform Highlights - Kraken Pro 是欧洲值得信赖的期货交易所，提供深度流动性 [1] Geographic Restrictions - 存在地理限制 [1]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The integration of Aisino's self-developed digital twin platform with NVIDIA Omniverse aims to empower the domestic manufacturing sector's transition from "manufacturing" to "intelligent manufacturing" [4] - NVIDIA Omniverse is an open platform designed for virtual collaboration and real-time simulation, with significant market potential, already adopted by over 700 companies and more than 70,000 individual creators [5] - The expansion of Omniverse usage is expected to create three industry opportunities, particularly benefiting the simulation market, computational power, delivery, and enterprise sectors [6][7] Summary by Sections Industry Trends - The report highlights the ongoing demand for computational power driven by sovereign AI and token consumption, indicating a sustained need for traditional AI targets [3] Company Focus - Aisino Technology is positioned to extend its delivery capabilities from large models and AI agents to AI platform delivery, with potential applications in various sectors including energy, finance, and manufacturing [7] - The report notes that Omniverse could enhance efficiency in downstream manufacturing, exemplified by Foxconn's production line layout cycle being shortened by 50% [8] Market Opportunities - The report emphasizes the potential for domestic simulation market demand to grow, with local alternatives like Songying Technology's ORCA system emerging to compete with Omniverse, offering localized and cost-effective solutions [8]

Core Insights - The recent collective study by the Central Political Bureau on artificial intelligence (AI) highlights its strategic importance as a transformative technology that is reshaping human production and lifestyle [1] - Despite significant advancements in AI capabilities, there remain critical weaknesses in foundational theories and core technologies [2][4] Group 1: Foundation Research - The necessity for breakthroughs in foundational theories, methods, and tools is emphasized as essential for gaining a competitive edge in AI [2] - The concept of "root technology" is introduced, with the Transformer architecture, which underpins popular models like ChatGPT, being a prime example [2] - Current limitations in AI include insufficient advanced differential computing capabilities, lack of scientific reasoning, and issues with interpretability and stability [2][3] Group 2: Key Technology Risks - There exists a "bottleneck" risk in critical core technologies, particularly in AI chips, where domestic GPU performance lags behind global leaders like NVIDIA by approximately three years [4] - The dominance of U.S. institutions in foundational algorithms poses a challenge, as most foundational models originate from American universities and tech companies [4][5] - Data isolation and a lack of high-quality data are significant barriers for AI model training in China [4] Group 3: System Deployment and Recommendations - Urgent action is required to enhance foundational research in AI, with recommendations for increased national support in mathematical and computational theories [6] - The focus of foundational research should be on physical world modeling and the construction of intelligent robotic systems, which are crucial for reshaping industry competition [6][7] - A call for a collaborative effort to build an open-source platform and establish a "Physical AI Open Source Alliance" is made to promote international data standards [7] Group 4: Future Directions - The future of AI breakthroughs is expected to concentrate on three areas that deeply integrate with the physical world [7] - Recommendations include supporting hardware-neutral platforms, establishing national pilot zones for practical applications, and creating replicable models that combine digital twins with the real economy [7]