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first_img Yushu Technology reminds of unusual stock price fluctuations, with a rolling price-to-earnings ratio of 465.22 times

The humanoid robot company Yushu Technology (688836.SH) announced that the cumulative price deviation of the company's stock closing price has exceeded 30% over three consecutive trading days, which falls under the category of abnormal stock trading fluctuations. As of October 26, 2026, the company's rolling price-to-earnings ratio is 465.22 times, significantly higher than the average rolling price-to-earnings ratio of 38.54 times in the general equipment manufacturing industry.The announcement pointed out that the humanoid robot industry is still in the early stages of commercialization, with uncertainties in technology maturity, cultivation of downstream market demand, and supporting capabilities in the industrial chain. The transition of physical AI technology from laboratory demonstrations to large-scale implementation in real-world scenarios still faces challenges such as perception accuracy, motion control stability, data accumulation, and hardware-software collaboration. The maturity of the technological path and business model still requires time for validation. If the industry's large-scale commercialization progress does not meet expectations, the company's future revenue expansion and performance release may be adversely affected, posing investment risks of valuation regression.

The SEC's conditions for tokenized securities exemptions have sparked disagreements, with the industry calling for clarification on the "public and permissionless" standard

The innovation exemption for tokenized securities trading venues launched by the U.S. SEC in September is sparking controversy within the industry regarding blockchain qualification standards. This exemption allows eligible companies to trade tokenized U.S. stocks without registering as traditional securities exchanges, but requires their smart contracts to be auditable, public, and deployed on a public, permissionless blockchain.Currently, three companies have submitted operational intent notices to the SEC. TSV LLC plans to use the privacy-focused Canton Network; OKXICE and Kephas Corp. intend to utilize their respective enterprise group's developed Ethereum Layer 2 networks.In a letter submitted on Thursday, the Solana Policy Institute requested the SEC to tighten the definition of "permissionless," focusing on who actually controls the blockchain, including who can validate or block transactions and modify network rules. Hedera advocates for an expansion of the exemption's scope, arguing that only authorized entities should participate in validation, which should not disqualify their network.The Securities Industry and Financial Markets Association (SIFMA) also called for clarification on which blockchains are eligible and questioned whether stock tokenization should require explicit prior consent from the issuing company, rather than requiring companies to opt out. The financial regulatory advocacy group Better Markets urged the SEC to withdraw the exemption and instead engage in formal rulemaking.An SEC official stated that companies can begin operations 30 days after submitting a notice, provided they meet the exemption criteria, without waiting for SEC approval, which does not imply SEC endorsement of their chosen blockchain. The official noted that the regulatory agency intends to maintain a broad definition to allow space for companies to experiment; further frequently asked questions may be released, but substantive adjustments would require action from the commission.Meanwhile, more companies are opposing the tokenization of their stocks. As of Friday, among the 62 companies initially listed by OKXICE, 22 have raised objections, exceeding one-third. New objectors include Wells Fargo, Arm, and Intuit.

NGRAVE suffers phishing attack: approximately 70 wallets stolen, totaling 2.56 million USD

Digital hardware wallet manufacturer NGRAVE disclosed that attackers hijacked the third-party notification service used by its LIQUID companion app and sent false security alerts to users, resulting in approximately 70 wallet addresses being stolen across 4 blockchains, amounting to about 2.56 million dollars. Among these, the loss in Bitcoin was approximately 1.77 million dollars, XRP about 454,000 dollars, Ethereum assets about 316,000 dollars, and Stellar about 18,000 dollars.The attackers induced users to click on a counterfeit website and enter their 24-word recovery phrase or Perfect Key, subsequently using automated scripts to transfer assets within minutes. NGRAVE stated that the ZERO hardware wallet and private keys were not directly compromised; the victims voluntarily provided their recovery credentials during the phishing process. Unauthorized access may have begun on October 11. After obtaining an access key, the attackers acquired a broader access key and sent false notifications on October 17; NGRAVE detected anomalies about 1 minute after the notifications appeared, but the first wallet was emptied 6 minutes later, and the notification system was shut down that evening.NGRAVE's CEO stated that the company failed to fulfill the most basic security responsibilities of a cryptocurrency security firm and mentioned that affected keys have been replaced, with new dual approval, domain restrictions, and emergency shutdown mechanisms implemented. The company also reminded affected users to create new wallets and contact the support team, as some device information, wallet activity, IP addresses, and approximate locations may have been exposed.
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