Predatory Sparrow hits again. $82m stolen hacked from Nobited, the Iranian exchange, but the real leverage is the source code & client list. How many ppl from inside he regime hold crypto funds to bypass sanctions & hide their funds from the regime!
Stripe is making a huge play for an alternative payment network to tackle credit card networks through stablecoins without touching the banking system. They’re putting it together piece by piece, but the biggest variable is real world payment when a crypto wallet has to meet a POS at the store. Thats the big enchilada crypto infrastructure hasn’t been mature to tackle till recently. Mostly due to TPS & privacy. In the next year we’ll probably see several solutions offering POS middleware for stablecoins in a Venmo like model.
The next anti trust will be when OpenAI makes WorldCoin contingent on logging into the paid version. The question is what their competitors (Gemini/Anthropic/Meta) use going forward to determine which users are real humans and which users are bots trying to SEO LLM results.
A year ago a friend told me most modular L2s will end up as L1s. At the time that seemed like a stretch, but over the past year & Ethereum’s drama that path started to make sense. The introduction of real time proving materializes how that will look like.
For over 5 months hackers had full access to the data of 69,000 Coinbase clients & harvested their data. It’s wild Counbase didn’t think to disclose this till now. https://techcrunch.com/2025/05/21/coinbase-says-its-data-breach-affects-at-least-69000-customers/
Historical first. Ironic Moodys cites debt/GDP when the whole point of DOGE & the tariff war was too leverage trade partners to swap US treasuries & lower the debt.
Honestly this is BS. Anyone who has dived into most CB earning reports would have known that figure wasn’t misleading. It’s like the SEC wants to pile into a bad CB news day just to troll.
Here’s an idea for the pro-crypto Trump regime - legislate a decentralized AmL/KYC regulatory framework that eliminates the honeypot data aggregation that endangers individuals for the government to pretend they have an hermetic purview for financial surveillance that instead of pointing at the real crimes, becomes the tragedy of the commons.
Here’s the thing about the Coinbase hack & any hack that compromises a honeypot of PII…there’s no undoing it. Clients whose data was compromised will be vulnerable to identity theft, ransoms, etc for years. Is Coinbase willing to pay out that damage? It’s not that different from other hacks (experian), but no other company was willing to pay damages on an individual basis like what Brian Armstrong offered.
The biggest attack vector that exposed ppl are the centralized honey pots that aggregate various PiI under one roof & then fail to protect it. Boggles my mind why crypto native companies haven’t found a way to integrate decentralize directory primitives to protect their users.
Say what you will, but Ethereum has an inherent strategic advantage in onboarding tradfi instruments on-chain. It’s not a tech issue, as much as organizational familiarity & experience with the ecosystem.
Online payment companies got into stablecoins thinking crypto will disrupt them, but their entire product stack is based on how people shop today. AI is about to disrupt that entire stack & abstract payment & competition across payment systems.