FET

Sun Yuchen: Safety is a "top priority project," and we must remain vigilant and continuously learn

ChainCatcher news, Huobi HTX global advisor and TRON founder Justin Sun shared his profound insights on exchange security in a Twitter Space themed "Industry Crisis, How to Cope Together? Is There an Optimal Solution for Security in the Crypto Industry?"He stated that it is evident that hacking methods are continuously evolving, shifting from hot wallet attacks to multi-signature wallet attacks. Exchanges must remain vigilant at all times and dynamically enhance their security measures. In his view, security is a "top-level project," and having a sense of awe and a willingness to learn are key to maintaining security. One must always be humble, always vigilant, and always learning, which ultimately leads to everlasting security. Additionally, security is akin to personal health management; one cannot rely entirely on external guarantees. The exchange's own high regard for and awareness of security are essential to effectively prevent risks and remain undefeated in long-term development.Justin Sun introduced that for Huobi HTX, user security is very important. Therefore, they always follow up on crypto security incidents promptly, understanding the principles and methods of hacker attacks to implement effective prevention. At the same time, Huobi HTX has also collaborated with numerous white hat teams to conduct offensive and defensive testing, enhancing their security capabilities.

Buffett's Shareholder Letter: Will always invest the vast majority of funds in stocks, last year the value of traded stocks held fell to 272 billion dollars

ChainCatcher news, according to Jinshi reports, Buffett published his annual shareholder letter, in which he mentioned that the value of tradable stocks held last year decreased from $354 billion to $272 billion, but the value of non-listed equity holdings increased and remains far above the value of the tradable stock portfolio. We will always invest the vast majority of their funds in stocks—mainly U.S. stocks, although many of these companies have significant international operations. Berkshire will never be more inclined to hold cash equivalents and give up holding equity in quality businesses, whether controlling or partial stakes.In 2024, Berkshire's performance exceeded expectations, despite 53% of its 189 operating companies reporting a decline in earnings. Due to the increase in U.S. Treasury yields, there was a significant increase in holdings of these highly liquid short-term securities, resulting in a foreseeable substantial increase in investment income.Berkshire has been continuously increasing its borrowings denominated in yen, but not following any fixed pattern. All borrowings are at fixed rates, with no "floating rate" borrowings. There is no forecast for future foreign exchange rate trends, thus striving to maintain a nearly neutral position in terms of currency.
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