Meituan's CEO Unveils AI Vision: Beyond the 'Token Factory' Race, Focusing on Intelligent Local Services Gateway

Meituan's CEO outlined the company's AI strategy, emphasizing a focus beyond becoming a 'token factory' to seize AI as a strategic opportunity. He highlighted that AI's value lies in deeply understanding and efficiently fulfilling local life needs, surpassing basic chatbots. Meituan will enhance AI search and task execution to upgrade its app into a leading AI-driven platform for local services.

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Flash Governance Attack Shakes Lending Protocol: Millions in User Funds at Risk After Lightning-Fast Token Acquisition

A lending protocol faced a rapid governance attack where an attacker acquired a massive amount of governance tokens at low cost and submitted a malicious proposal to seize control of core contracts, endangering over $1 million in user funds. While the proposal initially passed the quorum, subsequent community voting shows strong opposition, with the final outcome still pending.

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