SingularityNET suffered the illegal minting of 260 million AGIX. The same hacker also attacked Fetch.ai, NuNet and other projects, and has taken control of approximately $16.77 million in crypto assets, making it the most severe on-chain security threat of the day. The investigation is still developing. Other headlines of the day included China-U.S. trade teams restarting talks in New York and Coinbase's plan to launch single-stock perpetual futures.
The incident of the same hacker successively attacking multiple AI projects is still unfolding, and the related investigations have yet to conclude. According to disclosures of the day, SingularityNET suffered the illegal minting of 260 million AGIX tokens. The attacker was also involved with projects including Fetch.ai and NuNet, and has taken control of a significant amount of crypto assets. The incident was rated the most severe on-chain security threat of the day, with market attention focused on the scope of the serial attack and the progress of subsequent remediation.
All of the above projects are in the AI sector, and the attack bears clear cross-project characteristics. The number of illegally minted AGIX tokens is substantial, and combined with the value of assets already controlled by the attacker, the impact extends beyond any single project. As multiple projects are involved, the respective teams need to coordinate their responses, increasing the complexity of both investigation and remediation.
This serial attack is not a security incident confined to one project, but a series of actions by the same hacker against multiple AI projects. The cross-project nature not only broadens the impact but also complicates follow-up investigation and handling. Public information remains relatively limited at this stage; it can only be confirmed that the attacker successively targeted multiple AI projects and the scale of assets involved. Questions such as how the attacker carried out the illegal minting, how the funds were transferred, and how the project teams will respond still require further disclosures. Market attention on the incident is also largely focused on whether more victim projects will emerge.
The attacker has so far taken control of approximately $16.77 million in crypto assets, making the incident the most severe on-chain security threat of the day. As the investigation is still developing, there is uncertainty over whether these assets can be recovered or frozen, and whether more affected projects will surface. The incident drew widespread attention because it combined several sensitive elements: AI projects, a serial attack, illegal minting, and control of assets worth tens of millions of dollars. The convergence of these factors gives the event strong warning significance at the security level and may serve as a direct caution to the security risk controls of AI-focused project teams.
The information disclosed on the day shows that the same hacker's successive attacks on multiple AI projects are enough to put project teams and users on high alert. For project teams, such cross-project attacks mean that fixing a single project's security may not be enough to completely block the risk; relevant parties may need to conduct coordinated reviews on a broader level.
Beyond the serial attacks on AI projects, the crypto market on the day was also influenced by a number of macroeconomic, institutional, and on-chain data developments.
China-U.S. trade teams resumed talks in New York. Global risk assets are keeping a close watch on the negotiation progress. The China-U.S. trade talks are a major macroeconomic event affecting global risk appetite, and any progress will directly transmit to the crypto market's risk sentiment and capital flows. After news of the new round of talks emerged, the crypto market, as part of risk assets, saw its risk sentiment and capital flows affected accordingly. Although specifics of the talks have not been further disclosed, the event itself constituted an important macro variable of the day, drawing attention from the crypto market.
Coinbase Derivatives plans to launch single-stock perpetual futures. The plan is seen as a major signal of convergence between traditional assets and crypto derivatives. The proposed rules exclude Coinbase itself from the underlying assets; in addition, Coinbase currently does not meet the $100 billion market capitalization threshold. This detail indicates that the rules set a high market-cap condition for underlying assets, which Coinbase does not yet satisfy. If the plan advances, it could bring more derivative instruments tied to traditional single stocks to the crypto market, also reflecting the direction of crypto exchanges' expansion into traditional financial products. However, the matter is still in the proposal stage, and further rule details and implementation paths remain to be clarified.
Strategy's bitcoin holdings have reached 845,000 BTC. As the largest publicly traded corporate holder of bitcoin, its position changes directly affect expectations for institutional bitcoin buying. Saylor again posted a holdings chart hinting at accumulation. Based on past patterns, such charts usually precede a new round of purchase announcements, so the move is seen by the market as a key signal for gauging institutional buying. With institutional holdings data under sustained attention, this signal may strengthen expectations for further accumulation, but the purchase announcement itself still awaits official confirmation. Given that Strategy's holdings are representative among institutional bitcoin holders, its next moves are also viewed as a window into institutional risk appetite.
Bitcoin OTC platform reserves fell to 123,000 BTC, a record low. This on-chain supply data reflects weakened over-the-counter selling pressure. As OTC reserves decline, demand may shift to public exchanges, potentially supporting bitcoin's price, making the data an important reference for assessing supply-side changes that day. The record-low reserve level means the amount of bitcoin available for sale over the counter has contracted further. If demand remains active, the supply picture may stay tight. This change, together with other institutional holdings signals of the day, forms the basis for the market's assessment of supply-side pressure.
Future areas to watch include the progress of the investigation into the serial attacks on AI projects, in particular the follow-up handling and asset control status after the illegal minting incident; whether the projects involved will disclose more attack details; and whether security standards in the AI sector will be adjusted as a result. At the same time, the China-U.S. trade talks, progress on Coinbase's single-stock perpetual futures, Strategy's holdings movements, and changes in bitcoin OTC reserves will also provide further clues for the crypto market.