US Declares OpenAI and Anthropic Too Powerful for China to Access
The US just turned OpenAI and Anthropic into national security assets, whether they wanted to be or not.
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$175M Kelp Hacker Bypasses Every Security Layer Using Permission-Free Bridge
When one layer-2 froze the hacker's funds, the other $175 million found a path through the one bridge that doesn't ask permission.
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DoorDash Quietly Turns 3 Million Gig Workers Into Crypto Users
DoorDash just turned 3 million gig workers into the frontline of stablecoin adoption, and none of them will notice. DoorDash is deploying stablecoin payouts to Dashers through Tempo, a Stripe-backed blockchain network designed for enterprise payment flows.
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$5M App Promises to Fix the Loneliness Social Media Created
A VC-turned-founder just raised $5 million to solve the problem that social media made you lonelier. Bond, a new social app from ex-VC Dino Becirovic and former Meta engineer Hanxin Jin, raised $5 million in seed funding to build what they're calling "anti-feed" social media.
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BIS Declares Stablecoins Are ETFs, Not Money
The Bank for International Settlements just called stablecoins ETFs in disguise, and that changes everything about how they'll be regulated. The BIS says stablecoins function more like ETFs than actual money, challenging the entire premise of what the $300 billion stablecoin market claims to be.
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Stablecoin Giant Paxos Spins Off R&D Lab, Banks $12M Immediately
The stablecoin printer just spun off its R&D lab, and someone wrote a $12 million check for the parts bin. Paxos Labs, the newly spun-off entity from stablecoin issuer Paxos, raised $12 million led by Blockchain Capital, with CEO Charles Cascarilla helming both companies
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Cursor Hits $50B Valuation After Three Years of Existence
Cursor is about to raise $2 billion at a $50 billion+ valuation for an AI coding tool that didn't exist three years ago. Cursor is in advanced talks to raise ~$2 billion at a $50B+ pre-money valuation, making it one of the most valuable private AI companies globally
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Circle Just Made Cross-Chain Transfers Instant Without Wrapped Tokens
Circle just made moving money between blockchains feel like sending an email instead of filing international wire transfer paperwork. Circle launched USDC Bridge, their official cross-chain transfer solution powered by the Cross-Chain Transfer Protocol (CCTP)
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OpenAI Burns Billions While Regular Users Wonder What AI Actually Does
The AI industry just invented a new word for burning money, and it explains why everyone outside the bubble feels like they're watching a different movie.
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Congress Keeps Stablecoin Ban, Kills the Part That Makes Money
Congress just pushed the productive part of stablecoin regulation into the next session while keeping the punitive part alive. The Clarity Act's language allowing stablecoin issuers to pay yield on holdings has been delayed, but the ban on idle balance rewards remains in the current text
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Sam Altman's House Firebombed After OpenAI Death Threat
Someone firebombed Sam Altman's house, then told security he'd burn down OpenAI with everyone inside. On April 10, 20-year-old Daniel Moreno-Gama threw a molotov cocktail at Sam Altman's house in San Francisco, then threatened to burn down OpenAI's headquarters
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Tether Pays $127M to Steal Drift From Circle After $13M Hack
Tether just cut a $127.5 million check to bail out a hacked Solana DEX, and all it cost was Circle losing its biggest on-chain derivatives platform. Drift Protocol secured up to $127.5 million from Tether to recover user funds after a ~$270-280 million exploit on April 1
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Circle CEO Says China's Yuan Stablecoin Is Coming Soon
Circle's CEO just called China's shot on a yuan stablecoin, and the timeline is shorter than you think. Circle CEO Jeremy Allaire sees China launching a yuan-pegged stablecoin within 3 to 5 years, calling it a "tremendous opportunity" for global yuan distribution
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Circle CEO Floats Token Launch for Its $60B Stablecoin Empire
Circle just hinted it might actually tokenize the rails your stablecoins run on. Circle CEO Jeremy Allaire said the company is exploring a native token for its Arc blockchain that would enable governance and a shift to proof-of-stake
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Ethereum Just Stopped Its Worst Bitcoin Bleeding Since 2021
Ethereum just stopped bleeding market share to Bitcoin, and the reason why tells you everything about where crypto utility actually lives. The ETH/BTC ratio hit its highest level since January after months of Ethereum underperforming Bitcoin's store-of-value narrative.
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Tether Prints $130B in Stablecoins, Now Wants Your Wallet Too
The company that prints $130 billion in stablecoins just decided to also own the wallet you keep them in. Tether launched tether.wallet, a self-custodial wallet supporting USDT, Bitcoin, gold-backed XAUT, and synthetic dollar USAT across multiple chains
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Paxos Spins Out Lab to Let Anyone Mint Stablecoins
Paxos just spun out a lab to let anyone mint stablecoins and tokenized bonds, with $12 million and a platform that treats regulated financial rails like Lego blocks.
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Tillis Draft Decides Who Owns Your Stablecoin Interest—Banks or Crypto
The fight over who gets to pay interest on your stablecoins just became the most important banking turf war in crypto.
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Sam Altman's House Firebombed by 20-Year-Old Who Believed AI Doomerism
A 20-year-old threw a Molotov cocktail at Sam Altman's house because he thought AI would end humanity, and we need to talk about what happens when doomer arguments escape the group chat.
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Circle CEO Refuses to Freeze $1.35M in Stolen USDC Without Court Order
Circle's CEO just told the crypto world that your stablecoin is only as stable as a judge's signature, and the industry is asking who really owns what on-chain.
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