Risk Control

Duan Yongping

2026-10-15 10:05:55

Investor principles echoed in PONS discussion: If you cannot see the future clearly, do not build a heavy position

A reader question about whether PONS is still worth holding after profit fell from 90% to 30% led the author to restate a core investing rule associated with Duan Yongping: do not take a large position in something you do not truly understand. The piece refers back to two earlier articles on Sept. 8 and Sept. 22, where the author said judging how a newly emerged project’s fundamentals may change over the next year is close to gambling, or at least heavily dependent on luck. The same uncertainty, the author argued, applies to PONS over both short and longer time frames, including whether earnings can continue, whether a pullback may persist, whether the team has resilience, and whether the business model has a moat. On that basis, the author said they cannot judge PONS’ future profitability, and therefore cannot judge its investment value or the right next step. The article also shifts the focus from whether to keep holding to a prior question: why the position was opened in the first place. If it was only a trial or for fun, the capital should have been limited to money one could afford to lose; if it was a large position, the investor should revisit whether the original decision was sound.

190

Coinbase

2026-10-12 14:33:24

Coinbase says newer large language models underperformed older versions in fraud detection tests

Coinbase said newer generations of several large language models performed worse than their predecessors in the company’s internal fraud-screening tests. In a post from its developer platform account, the exchange said it evaluated models using 16,140 transactions, including 813 confirmed fraudulent ones. The comparisons covered Opus 4.5 versus Opus 5, Sonnet 4.6 versus Sonnet 5, and GPT-5.4 versus GPT-5.6. According to Coinbase, the newer models trailed the older versions on nearly every metric in the test set. The company said possible reasons include shifts in decision boundaries and prompt behavior, changes in training data composition and task prioritization, and trade-offs introduced during post-training. Based on those results, Coinbase said it has moved the risk-control agent for its fiat on-ramp service, Onramp, to open-weight models and is carrying out domain-specific post-training.

230

Web3 Payments

2026-10-10 00:51:10

Why a founder stepped back from Web3 payments after six months in the field

Yuki Liu, writing for Stablehunter/Money in Motion and published by MarsBit, laid out why she decided to stop pursuing a Web3 payments startup after spending the past six months inside the sector. Her account is not framed as a failed venture, but as a change in judgment after field research and direct product work. During that period, she visited Yiwu, Shuibei, Putian and Mexico, examined use cases often cited in industry reports, built a Web3 payment MVP, handled accounts and worked on crypto-based collection tools. Her central argument is that payments is not a business where a better product alone wins. In her view, the real determinants are banking relationships, licensing structure, capital efficiency, compliance execution and long-cycle risk control. She also argues that many payment paths that appear profitable are actually collecting risk premium rather than demonstrating durable operating strength. Liu remains constructive on payments as a long-term opportunity. She says the larger opening still exists, particularly in enterprise settlement, treasury and back-office fund management rather than in consumer-facing wallet adoption. But she concludes that the resources required to compete in payments do not fit her team’s current capabilities, leading her to step away from building in the category while continuing to study how capital moves and where it settles on-chain.

250

Solv Protocol

2026-10-08 02:51:28

Solv co-founder Meng Yan says he was out of daily operations and not involved in BTC+ business

Solv Protocol co-founder Meng Yan said he had already stepped away from the project’s day-to-day operations and was not involved in the BTC+ business when the disputed incident took place. In a public post cited by ChainCatcher, Meng said a user who identified as the party involved later contacted him and asked him to communicate with Solv’s business team. Meng said Solv had disclosed a BTC+ security incident in July, and that a 50 BTC deposit and the follow-up actions tied to it formed an important condition used in the attack path. He said the attack happened three days after those actions, and that Solv detected and stopped it in time, protecting user funds in BTC+. He added that the available facts alone do not prove the two matters were necessarily connected, but were enough to trigger a higher-level security review. According to Meng, Solv did not ask the user to complete any form of KYC, nor does it require ordinary BTC+ users to verify their real names. The review instead focused on whether the user’s identity and account explanations were consistent, whether the related accounts were under the user’s control, and whether the account of key actions matched objective records.

280

OKX

2026-10-07 06:03:35

OKX says AI is assisting compliance and risk controls, with final decisions still made by humans

OKX founder and CEO Star said at TOKEN2049 in Singapore on Oct. 7 that AI is changing more than the customer-facing side of finance, with its role now extending into back-office functions such as compliance and risk control. She said OKX has already deployed AI to help identify risks, support investigations into suspicious transactions and behavior, and generate recommendations aimed at improving processing efficiency and consistency in execution. Star added that AI does not directly make compliance or risk management decisions at this stage, and that final decisions remain in human hands. At the same event, OKX board director and former New York Governor Andrew Cuomo said clear regulatory rules are a key foundation for fintech companies seeking to expand their services. He said firms that want to offer financial services to a broader user base must comply with regulatory requirements and build public trust through compliant operations.

280

OKX

2026-10-07 06:03:27

Star says OKX uses AI to assist compliance and risk control

OKX founder and CEO Star said at TOKEN2049 in Singapore that artificial intelligence is reshaping more than the customer-facing side of finance, with the technology now moving into back-office functions such as compliance and risk control. According to Star, OKX has already deployed AI to help identify risks, support investigations into suspicious transactions and behavior, and generate recommendations aimed at improving processing efficiency and consistency in execution. He added that AI does not make compliance or risk management decisions on its own at this stage, with final decisions still left to human staff. At the same event, OKX board director and former New York Governor Andrew Cuomo said clear regulatory rules are a key foundation for fintech companies seeking to expand their services. He said firms that want to offer financial services to a broader user base must comply with regulatory requirements and build public trust through compliant operations.

320

OKX

2026-10-07 06:03:45

Star says OKX is using AI to assist compliance and risk controls

OKX founder and CEO Star said at TOKEN2049 in Singapore on Oct. 7 that artificial intelligence is changing more than the customer-facing side of finance, with its impact now reaching back-office functions such as compliance and risk control. According to Star, OKX has already deployed AI to help identify risks, support investigations into suspicious transactions and behavior, and generate recommendations aimed at improving processing efficiency and consistency in execution. He also made clear that AI does not directly make compliance or risk-management decisions at the exchange, and that final decisions remain in human hands. At the same event, OKX board director and former New York governor Andrew Cuomo added that clear regulatory rules are a key foundation for fintech companies looking to expand their services. He said firms that want to serve a broader user base in financial services must comply with regulatory requirements and build public trust through compliant operations.

320

OKX

2026-10-07 06:07:15

OKX says AI is being used in compliance and risk operations, with final decisions still made by humans

OKX founder and CEO Star said at TOKEN2049 in Singapore that AI is changing financial services beyond the user-facing side and is moving deeper into back-office functions such as compliance and risk control. According to Star, OKX is already using AI to help identify risks, support investigations into suspicious transactions and behavior, and offer recommendations aimed at improving processing efficiency and execution consistency. He added that AI does not directly make compliance or risk management decisions at this stage, and that final judgments remain with human staff. At the same event, OKX board director and former New York governor Andrew Cuomo said clear regulatory rules are a key foundation for fintech firms looking to expand their services. He said companies that want to provide financial services to a broader user base must comply with regulatory requirements and build public trust through compliant operations.

260