Reporting on crypto like it matters, but can still be fun.

Austin, TX
Crypto Needs YOU: Clarity Act The Senate votes on the CLARITY Act Sept 15. Calls need to land before 2:15pm ET. Call your senator in just 2 minutes via: standwithcrypto.org/action/c…
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Bitcoin could soon get Zcash-style 'shielded' privacy without changing its rules. — CoinDesk Skipping the consensus change also skips the multi-year fork argument, which was always the harder cryptography.
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Blockchain Association CEO Summer Mersinger is stepping down, with Kristin Smith returning as interim CEO. — The Block The CEO before Mersinger is now the CEO after her.
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Google has built an AI that hunts for security bugs in its own code. — Decrypt Somewhere a bug bounty hunter is reading this and updating his resume.
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New York is suing Polymarket, alleging it runs an illegal gambling operation. — CoinDesk Polymarket cleared its path back into the US this year through federal regulators. State law is a separate gate, and New York just closed it.
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Over $350,000,000 was stolen from Bitget in a major hack, the exchange confirmed. — Watcher Guru A loss of that size would rank among the largest exchange breaches on record.
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The Federal Reserve has proposed a new regulatory framework for stablecoin issuers under the GENIUS Act. — Watcher Guru Congress passed the law; this is the part where a regulator decides what it actually requires of issuers.
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The CFTC has issued updated guidance for crypto, tokenized assets and blockchain technology. — Watcher Guru Guidance isn't law, but it's the document compliance teams actually act on while everyone waits for rulemaking.
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SEC Commissioner Hester Peirce called for an end to the KYC "panopticon" in her final weeks at the agency. — Decrypt
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President Trump is considering allowing Chinese automakers to build electric vehicles in the US. — Watcher Guru The tariffs were designed to keep Chinese EVs out of the country. Building them inside it does technically solve that.
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The US aims to turn stablecoins into a weapon for dollar dominance. — Decrypt Spreading the dollar used to require a central bank. Now it requires an app.
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The US and Iran are discussing a deal to reopen the Strait of Hormuz. — Watcher Guru Roughly a fifth of the world's seaborne oil moves through that strait, which is why a shipping lane is setting the price of everything.
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Xi Jinping calls for the US and China to work together on AI development. — Watcher Guru An offer of collaboration extended across the chip export controls that are still in place.
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US 10-year Treasury yield hits its highest level since July 2007. — Watcher Guru Last time borrowing money cost this much, the iPhone was a few weeks old.
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EU financial watchdogs warn quantum computing poses an imminent threat to blockchain encryption. — CoinDesk Every key ever generated is now on a deadline nobody has published.
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A Brooklyn man was sentenced to up to 12 years in prison over a $16 million Coinbase social engineering scheme. — The Block No exploit, no exchange breach: the funds moved because victims were talked into handing over access.
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Binance will list Hyperliquid $HYPE for spot trading. — Watcher Guru The perp DEX pitched as the threat to centralized exchanges now gets shelf space at the biggest one.
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$15B in Bitcoin options are set to expire as bulls look for the next leg up. — Bloomberg On expiry day $15B worth of opinions stop being hypothetical.
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A week of AI coding cut the estimated cost of a quantum-safe bitcoin transaction from $320 to $66. — CoinDesk Post-quantum signatures are bulky and Bitcoin charges by the byte, so the migration bill was always the hard part. The quantum computers remain hypothetical.
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This Week in Crypto retweeted
imagine the comedy of me walking around my house in my underwear practicing a Peter Thiel impression in preparation for this episode
Kevin breaks down why it's important to put your money (and your attention) where it matters most. "You should be funding the world you want to see. Without that, you gotta start doing lectures on why everyone must be the Antichrist, like Peter Thiel. 'If you think about it, Palantir's actually preventing soldiers of the Antichrist, like Greta Thunberg from rising to power. So regulating the companies in my portfolio is basically satanic.' Wake Up! You're shaping the future right now, with everything you invest in whether you like it or not. You're voting with your attention every time you watch and engage with slop that pisses you off, and you're voting with your dollars every time you try to make money on the apocalypse. So stop building our own worse nightmare."
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This Week in Crypto retweeted
Kevin breaks down why it's important to put your money (and your attention) where it matters most. "You should be funding the world you want to see. Without that, you gotta start doing lectures on why everyone must be the Antichrist, like Peter Thiel. 'If you think about it, Palantir's actually preventing soldiers of the Antichrist, like Greta Thunberg from rising to power. So regulating the companies in my portfolio is basically satanic.' Wake Up! You're shaping the future right now, with everything you invest in whether you like it or not. You're voting with your attention every time you watch and engage with slop that pisses you off, and you're voting with your dollars every time you try to make money on the apocalypse. So stop building our own worse nightmare."
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