Australia's NAB Business Confidence Index for May

Generative AI models will fundamentally change our relationship with computers, making them our colleagues, friends, family members, and even lovers.

#Gate广场创作者星火计划：入驻享每月超$10,000奖池##超百家公司持有超83万枚比特币##VIP专属余币宝定期理财# Facing financial difficulties, is it challenging crypto companies? Can "X hegemony" resist? Since June, the crypto projects have faced a wave of account bans on X, with some official accounts and related personnel's accounts being frozen en masse without warning. This includes the official account of ElizaOS and the personal account of its founder Shaw, the official account of GMGN and the personal account of its founder haze, as well as the official account of pumpfun and the personal account of its founder Alon Cohen. Initially, the community speculated about the motives behind the bans on X, including project runaways, regulatory pressure, and associations with the "Bubble Mart" meme. Among the various speculations, a more plausible reason is related to the violation of using third-party crawlers by cryptocurrency projects. Crypto KOL AB Kuai.Dong stated that a credible explanation for the wave of account suspensions is the data scraping behavior that has not gone through the official API interface. He pointed out that businesses need to pay over $200,000 to retrieve 200 million tweets per month through the X official interface. Many projects like gmgn, ai16z, and eliza, in order to save costs, may have used third-party crawlers to obtain data, resulting in mass bans.

Latest report on June 19, 2025 A major security incident broke out in the blockchain investment circle today! The official X social media account of a16z, a well-known venture capital firm, was hacked and used to publish unauthorized cryptocurrency promotion content. Many investors misbelieved this information and rushed into the market, causing the related token to plummet by 15% in just 15 minutes. This incident not only exposed the security vulnerabilities of top institutions, but also once again revealed the risk problems existing in the digital currency market. First, investors should be wary of false endorsement traps. The irony of this incident is that a16z, as an investor in well-known blockchain projects like Coinbase and Solana, has serious security flaws in its own account protection. Hackers exploited the stolen accounts to post false token advertisements, resulting in significant losses for many investors. It is worth noting that similar incidents have not occurred for the first time. In February of this year, the account of a16z's founder was hacked, leading to the release of a false token promotion named "ELIZA", which resulted in substantial losses for speculative investors, while the operators quickly exited the market. This incident has repeated itself, indicating that the market's awareness of such risks is still insufficient. Second, the operational logic behind market fluctuations. Such negative news, once spread, often leads to selling pressure on tokens related to a16z investments (especially in AI projects). However, experienced market participants may view this short-term panic as an investment opportunity. Historical data shows that during similar events last year, some investors achieved returns as high as 30% in a single day by buying against the trend. Investment Prevention Suggestions: - When faced with sudden information, be sure to verify whether there is an official announcement from official channels. - Refer to on-chain data to analyze the real market trends, rather than blindly following social media comments. - Pay attention to the trends of major investment institutions and large fund holders as a reference for decision-making. Third, security vulnerabilities have become tools for market manipulation. The reason why hackers frequently target institutional accounts is that many investors overly rely on so-called "authority endorsements." A previous case with a project named Toji has proven this point—merely relying on forged a16z incubation screenshots and social media accounts, without a complete official website, successfully attracted over 500 investors to participate. These events remind us once again that in the field of blockchain investment, information verification and risk awareness are more important than ever.

On June 18, Haze, the founder of GMGN, publicly stated that the previous issues regarding the GMGN official account and his personal account being banned on the X platform have been resolved. Users no longer need to lock tweets or delete GMGN-related links. According to reports, the X platform previously conducted a large-scale account banning action targeting users in the cryptocurrency field, resulting in the accounts of Eliza, GMGN official, and several MEME opinion leaders being banned. The good news is that the X accounts of GMGN and some opinion leaders in the crypto space have been restored to normal this morning. At the same time, the official X account of the Pump.fun platform and its founder Alon has also been unblocked and returned to normal access status. The recent account suspension incident has attracted widespread attention from the crypto community, with many users concerned that the platform's review policies for crypto content may become stricter. However, from the current situation, it seems that this incident is merely a temporary measure, and accounts on all sides have successfully resumed use.

Key Points: Several crypto accounts, including GMGN, banned and now reinstated. Reinstatement relieves developers; ensures communication. Temporary disruption highlighted risks of centralized platforms. GMGN founder Haze confirmed the reinstatement of GMGN and his personal accounts on X,