Google Thwarts Massive Exploit by Securing Gemini APIs
On Google having disrupted a planned mass exploit: "In the last year, Google, Android, Chrome, etc., built Gemini in everywhere. "They found someone calling those APIs to say, 'Go find the attack surface and do exfiltration on the fly.'" 😱 -- Tay https://t.co/iwMNlcEv6Y
Zcash‑NEAR Integration Turns NEAR Deflationary, Fuels Price Surge
Arthur on why the Zcash and NEAR integration is the quietly building mechanism that flips NEAR from inflationary to deflationary "Shielded Zcash lets you swap and send any coin, USDT on Tron, Bitcoin, anything, and that transaction will not point back...
Revenue-Back Tokenomics Propel Hyperliquid to Top Volume
"If you make money, you must give it back to token holders. I don't give a fuck what the reason is, you just must do it." Arthur on why giving revenue back to token holders is the only tokenomics that actually...
Clarity Forces Token Maturity: Value Vs. Utility Tokens
"With CLARITY coming, we're going to see two types of tokens. Real value accrual tokens that may in fact be security tokens. And true utility tokens that actually make sense" Josh on why CLARITY does not slow down the token economy...
Yuan Toll Booth at Hormuz
@CryptoHayes joins @laurashin Today on Unchained. His Tehran Toll Booth scenario is now reality: yuan tolls at Hormuz, foreign central banks dumping Treasuries. Plus the AI capex boom as a money-printing machine, AI agents on crypto rails, and the case for...
Three Crypto M&A Deals Signal Winter's End
Three crypto M&A deals in one week. Mega raises at Circle, Canton, and Haun/a16z. Is crypto winter actually over? DITC: @kkirkbos, @TuongvyLe12 and @JoshR_GSR on the @SECPaulSAtkins speech, the Clarity Act, and the rise of the corpo token. Tune in Today...
Seek Crypto Podcasts Where Hosts Disagree, Not Echo
🚨90% of crypto podcasts are just guys agreeing with each other for 45 minutes. The only ones worth your time are the ones where the hosts actually disagree on air.
Coinbase Gains Recurring Revenue, Faces DAT Competition
Coinbase has recurring revenue from the Circle deal. The main competition for Coinbase is the rise of DATs, which creates an alternative way to trade. -- Ram on Coinbase's future https://t.co/74yrKrKmOJ
Coinbase Layoffs Signal Start of New Altcoin Bull Market
The bull market for alts is about to kick off. Every time we see Coinbase layoffs, that's the kick off for the next cycle. 😂 -- Chris https://t.co/BIrBhgvWAN
Shift From Coinbase Reliance to Broader Asset Distribution
People are more focused on the financial engineering than what the thing does. -- Ram on Circle/Arc I think the narrative is distribution. They've been heavily reliant on Coinbase for distribution. Maybe there will be additional distribution of their core asset...
Market Ignores Token Dilution as Arc May Exit Circle
Why is the market not saying that the token will be dilutive to the equity? -- Chris on Circle/Arc 💸 One theory: an expectation that Arc will not remain in Circle. If it is to become payment rails, it cannot be...
Circle's $222M Token Presale Tests Institutional Crypto Future
Circle's $222 million token presale: It's the first publicly listed company to run a token presale, with a16z, Blackrock, ICE, Apollo, General Catalyst, etc. as investors Is this going to be THE institutional rail or a dead-end private chain? -- Austin https://t.co/74yrKrKmOJ
AI Model Firms Boost Value for Chip and Cloud Giants
We may have AI model companies that don't have a clear pathway to revenue, but that doesn't mean they're not creating value. They are creating value for Nvidia, Intel, Micron, Sandisk, and distributors like the Apples of the world, or...
Semiconductor Rally Dominates S&P, Heightening Whipsaw Risk
It's a bull market. The main risk you have is whipsaw risk. If you own semiconductors, you're wondering if you sell because you'r up 80% in three months. It's max anxiety, max frustration, max FOMO, max fear. The market has...
Market Soars Amid Hormuz Tensions, AI Offers Explanation
Austin: Iran's neighbors are not cool with them having sovereignty over the Strait of Hormuz, so this conflict will not be resolved for a while ... and yet the market is ripping anyway. 🚀 Ram: This entire market can be explained by...
Iran's Nuclear Capability Would Redefine Strategic Calculus
Chris Perkins: We can't have a nuclear arms Iran. If the Iranians had nuclear weapons right now, it would be a very different calculus. 👀 https://t.co/BIrBhgvWAN
US Spots China's Oil Weakness, Trump Leverages It
Chris Perkins on Iran: The US has identified a vulnerability with China -- in terms of oil. Trump is feeling like he has some leverage and is bringing American businessmen and women to get deals done. https://t.co/74yrKrKmOJ
Geopolitics, Crypto Promises Falter Amid Market Turmoil
Iran ceasefire on "massive life support." Saylor just broke the never-sell pledge. Coinbase cut 14%, missed Q1, and went dark for 5 hours. Austin Campbell, Ram Ahluwalia and Chris Perkins on what it all means. https://t.co/74yrKrKmOJ
Morse Code Hack Shows LLM Protections Are Futile
An agent got robbed via Morse code this week. @kaiynne on why this kind of attack is structurally different and why 'protections' on LLMs mean almost nothing once someone wants in. @tayvano_ @LucaNetz @kelsiemvn: https://t.co/WgLDsMJWuj
Stolen Crypto Isn't Legal Property, Aave Argues in Court
Stealing crypto doesn’t automatically make it legally yours — and that may be Aave’s strongest argument in court. Taylor, Kain, Luca Netz, and Kelsie Nabben on the growing legal fight over frozen hack funds on Uneasy Money: https://lnkd.in/edtUMyD9
Banks Failed to Block Stablecoin Rewards; Fight Continues
Banks spent months trying to kill stablecoin rewards inside the Clarity Act. @faryarshirzad says they didn't succeed — but the fight isn't over … plus, it’s still unclear whether Clarity can actually be passed. https://t.co/vms9HZ25HH
OpenAI Flagged Shooter Chats, Didn't Alert Police, Prompting Lawsuits
OpenAI's own safety team flagged a shooter's ChatGPT conversations 8 months before a mass killing. They didn't call law enforcement. Now the families are suing under product liability theory. The same legal crack is opening under DeFi. KK Bos, Vy...
DeFi United Shows Code Isn't Always Law
The moment that stuck with me from @DEXintheCityPod: a non-crypto FinTech exec heard about DeFi United and asked, 'I thought code is law.' @kkirkbos @TuongvyLe12 and Jessi Brooks on what it means when it can. https://t.co/0e1ITmym8E
Persistence Beats Skepticism: Tough Laws Can Pass
"Lots of so-called smart people said legislation is never going to happen. It's too hard. The answer is yes, it's too hard, but you just have to press and press and make the case." 💪 https://t.co/Mwr3RXyKXz
Critics Oppose Regulation, Seeking to Punish Crypto
"It drives me crazy how much you see from crypto critics who want to punish crypto by preventing regulation that provides rules and regulations." 🤯 https://t.co/Mwr3RXyd81
Regulators Must Use Crypto to Craft Effective Policies
Government officials need to be able to hold Bitcoin. Hold stablecoins. Open a crypto account. 🪙 If the people writing the rules can't use the thing, you don't get good policy. You get policy written by tourists. ~ Faryar Shirzad view https://t.co/Mwr3RXyd81
Lawmakers Set Ground Rules for Web3 Development
The fact that lawmakers are now fighting over rewards instead of the foundation is the tell. 🔔 Listing rules, developer protections, legal certainty for blockchain builders. All locked in. The second internet just got its ground rules. ~ Faryar Shirzad...
Hundreds of Stablecoin Projects Launch Post‑Genius Act
"150 to 200 separate stablecoin projects have been announced just since July when the president signed the Genius Act. The adoption is happening." 🚀 https://t.co/Mwr3RXyd81
Banks Deploy Aggressive Strategy to Tackle Stablecoins
"The banks have a pretty comprehensive strategy against stablecoins. They're not going to let this issue rest." 🏦 https://t.co/Mwr3RXyd81
Stablecoin Yield Battle Continues, Threatening Rewards Programs
The stablecoin yield fight in the Clarity Act may not be over yet. Coinbase's Faryar Shirzad (@faryarshirzad ) on what the banks lost with the current compromise, and why staking rewards, points, and loyalty programs could be in the crosshairs. Today at...
Regulators Clamp Down as Crypto Firms Face Losses
In today's Unchained Daily: 🔥 Treasury demands Binance comply with 2023 monitoring program amid $1B Iran-linked flow reports 📉 Coinbase posts $394M Q1 loss as transaction revenue drops 40% 🛡️ Aave overhauls listing standards after $293M KelpDAO exploit 🟣 Tom...
Privacy Chains Threaten Hack Detection, Not DeFi Composability
In a world of privacy chains, does DeFi composability survive? And does detecting hacks and holding perpetrators to account becomes harder? Ali Yahya explained what becomes harder and what does not: https://lnkd.in/e3zwY7CF
Fintech’s Future Is Crypto‑Powered, AI Agents Join Finance
'There will be no more fintech without crypto.' – @alive_eth of @a16zcrypto says new fintech is now entirely crypto-powered in the backend — and that AI agents will become first-class members of the financial system. 🤖 His full investment thesis for...
Crypto Outshines Stocks as Oil Spikes, Wrapped Compute Rises
Iran fires on vessels in the Strait of Hormuz. Brent up 5%. Bitcoin breaks 80. @ramahluwalia, @austincampbell, and @perkinscr97 explain why crypto is outperforming equities on a day like this … and why wrapped compute is the next big commodity. @bitsandbips: Timestamps: ⚔️ 1:06...
AI Lets Anyone Create Apps without Coding Experience
In the world of AI, someone who's never built any software before can build their own apps 🤯 -- Kain https://t.co/6bvQAYco0w
Coinbase Layoffs Reveal Non‑technical Staff Shipping Production Code
On the Coinbase layoffs ... Tay: "I am surprised that non-technical people are shipping production-ready code." 😂 https://t.co/Ea27QHYM9s
Live in Constant Paranoia for True Security
Key takeaway from Kelsie's book on security: Assume you are in a permanent state of insecurity. 👀 P Aversaccio from Seal 911 gave me a quote that I think sums it up: "Be paranoid about everything." -- Kelsie https://t.co/6bvQAYco0w
Beware: New Solution Hype Often Masks Hidden Flaws
Talking about Bankrbot being hacked via Morse code ... "It's all over when people everywhere think that some new thing has solved all their problems." -- Kain https://t.co/6bvQAYco0w
Kim Jong Un Denies Hack Allegations Amid Blog Critique
North Korea's Kim Jong Un came out and said they didn't do these hacks -- in response to the TRM blog post and "reptile organ journalists" -- Tay 😂 https://t.co/6bvQAYco0w
Dogecoin and Moonpay Donate 1 Million DOGE to AKC
This week's crypto good news: Props to Dogecoin and Moonpay, which have collected 1 million DOGE to the American Kennel Club 🐶❤️ https://t.co/6bvQAYco0w
Banks Redefine Yield: From Rebates to Staking Rewards
Banks aren't giving up on banning passing yield to consumers. 😡 For them, the stablecoin yield debate now moves to "what counts as evasion?" It is now about what counts as yield? Fee rebates? Rewards points? Trading incentives? Staking rewards? --...
Aave's Non‑hacked Users Face Greatest Fallout
🥺 "A lot of people are sympathetic to Aave because they weren't hacked, but they're suffering the biggest impact from this." -- Vy https://t.co/6bvQAYco0w
Aave Fights to Shield $71M Hack Funds From Victims
Today on Uneasy Money: @kelsiemvn joins @kaiynne , @tayvano_, and @LucaNetz on the same day @aave is in court trying to keep $71M of recovered Kelp DAO hack funds out of a kidnapping-victims judgment. Plus: the Bankrbot Morse-code heist. Don't miss it....
Basic Security Practices Could Stop Most DeFi Exploits
"A lot of Defi exploits could have been prsented by basic security efforts. DeFi hasn't been around for years and we still don't have industry standards. "If you're a signer on a multisig, do that on a dedicated device. A...
Liability Requires Proving Developer Knew Intended Use
Can you hold software/DeFi developers liable for product defects? "You have to determine that the software developer knew it was going to be used like that." -- @kkirkbos 💥 https://t.co/6bvQAYco0w
Courts Hold Tech Designers Accountable; DeFi Must Heed
Courts are starting to look at tech and say, "Who designed the tech? Who knew the risk that was preventable?" 👀 This is what DeFi developers need to pay attention to https://t.co/6bvQAYco0w
DeFi Mobilizes $
April was officially the most-hacked month in crypto history — more than $600M lost across roughly 30 exploits, much of it traced to North Korea. The industry's response was unprecedented: Aave coordinated a $300M+ relief effort, with Avalanche, Consensys, EtherFi,...
OpenAI Lawsuits Test ‘Just Code’ Defense, Warning DeFi Developers
OpenAI's new product liability lawsuits are testing the "it's just code" defense — and DeFi devs should be paying very close attention. Katherine Kirkpatrick Bos, Jessi Brooks & Vy Le on AI liability, DeFi's $300M bailout, and the stablecoin yield deal...
Bitcoin Climbs 12% on Mechanics, Not Demand
1/4 Bitcoin gained 12% in April despite 46 straight days of negative funding rates. No spot demand. No conviction. Just structural mechanics: basis trades, Strategy's $3.8B in purchases, and short liquidations. The market is tightly wound. Here's why that matters.
Crypto
In today's @Unchained_pod Daily newsletter: 🔥 Strategy posts $12.54 billion Q1 loss—and Saylor floats selling bitcoin to cover dividends for the first time 🔴 Coinbase cuts 14% of staff, citing a crypto downturn and AI reshaping how teams operate 🤝 Kraken partners with...