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💥BOOM! 🚨IT’S OFFICIAL: 🇺🇸 THE UNITED STATES HAS OFFICIALLY WITHDRAWN FROM THE WHO!

I Saved Injective's $500M. They Pay Me $50K. I like hunting bugs on @immunefi . I'm decent at it. - #1 — Attackathon | Stacks - #2 — Attackathon | Stacks II - #1 — Attackathon | XRPL Lending Protocol - 1 Critical and 1 High from bug bounties (not counting this one) Life was good. Then I found a Critical vulnerability in @injective . This vulnerability allowed any user to directly drain any account on the chain. No special permissions needed. Over $500M in on-chain assets were at risk. I reported it through Immunefi. The next day, a mainnet upgrade to fix the bug went to governance vote. The Injective team clearly understood the severity. Then — silence. For 3 months. No follow up. No technical discussion. Nothing. A few days ago, they notified me of their decision: $50K. The maximum payout for a Critical vulnerability in their bug bounty program is $500K. I disputed it. Silence again. No explanation for the reduced payout. No explanation for the 3 month ghost. No conversation at all. To be clear: the $50K has not been paid either. I've seen others share bad experiences with bug bounty payouts recently. I never thought it would happen to me. I can't force them to do the right thing. But I won't let this be forgotten. I will dedicate 10% of all my future bug bounty earnings to making sure this story stays visible — until Injective pays what I deserve. Full Technical Report: github.com/injective-wall-of…

Quantum-Safe Bitcoin Transactions Without Softforks github.com/avihu28/Quantum-S…

Bitcoin's quantum defense just got its first working prototype. Olaoluwa @roasbeef Osuntokun, CTO of Lightning Labs, published a functional tool to the Bitcoin developer mailing list that solves one of the hardest problems in Bitcoin's long-term security, how to protect the network from quantum attacks without locking millions of users out of their own wallets. The problem is a painful paradox. Bitcoin's leading quantum defense proposal (BIP-360) would disable the current signature system network-wide if a quantum threat emerged. That protects the network, but every wallet that hasn't migrated to the new quantum-resistant format gets frozen permanently. The coins are still there. The rightful owner just can't access them. Osuntokun's prototype is the escape hatch. Instead of proving ownership with a digital signature, the system lets users mathematically prove they created the wallet using its original seed phrase, without ever revealing the seed itself. Recovering one wallet doesn't compromise any others derived from the same seed. It replaces "I can sign this transaction" with "I can prove this wallet came from me." It already runs on a consumer MacBook. Generating the proof takes about 55 seconds. Verification takes under two seconds. The proof file is roughly 1.7 MB. There's no formal proposal to integrate this into Bitcoin yet and no deployment timeline. But the prototype closes a gap that had only existed in theory until now, a credible path to quantum resilience without the collateral damage of stranding user funds.

JUST IN: 🇺🇸 Senators reach deal with White House to resolve crypto stablecoin yield dispute with banks.

No complexity. No accident. 10/10 was caused by irresponsible marketing campaigns by certain companies. On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day. Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify. ⸻ What actually happened 1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits. 2.USDe is a tokenized hedge fund product. Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield. 3.USDe is fundamentally different from products such as BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles. USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic. 4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher. 5.Risk escalated further as users: •converted USDT/USDC into USDe, •used USDe as collateral to borrow USDT, •converted the borrowed USDT back into USDe, •and repeated the cycle. This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market. 6.At that point, even a small market shock was sufficient to trigger a collapse. When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero. The damage to global users and companies—including OKX customers—was severe, and recovery will take time. ⸻ Why this matters I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly. I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so. As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk. The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility. Crypto is still early. What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.

Venezuela Just Proved the Bitcoin Bull Case, And No One Is Paying Attention Maduro used Tether to move 80% of Venezuela's oil revenue. Billions in sanctions evasion, settled on Tron since 2020. Then the US made a phone call. Tether froze the wallets. Game over. Everyone's focused on the arrest. The real story is the lesson every finance minister on earth just learned in real time: Stable coins are a leash, not an escape. If someone can freeze it, it isn't money. It doesn't solve sovereignty. First principles: USDT is dollar plumbing without SWIFT. Faster. Cheaper. Still has a CEO. Still has a compliance department. Still picks up when Washington calls. This is why USDT adoption exploded, 71-year-old grandmothers in Caracas pay their HOA fees in tether now. But useful ≠ sovereign. The entire value proposition for sanctions evasion just got publicly falsified. Now do the game theory: You're Iran. Russia. Any country hedging against dollar weaponization. You just watched Venezuela's "crypto solution" get shut off like a light switch. Where do you put reserves now? USDT? Compromised. Yuan? Political strings. Gold? Try settling $500M across borders in 10 minutes. CBDCs? Same kill switch, government branding. There's exactly one asset that clears final settlement without asking permission from anyone. 21 million units. No CEO. No freeze function. No phone number. This is the ad Bitcoin never had to buy. The most desperate, highest-stakes capital on earth just learned there's only one door. Price doesn't reflect it yet. It will.

JUST IN: MSCI decides not to exclude Bitcoin & crypto treasury companies from its indexes.

BIPARTISAN SENATORS TO MEET TUESDAY ON CRYPTO MARKET STRUCTURE LEGISLATION – PUNCHBOWL

For those who misunderstand what’s at stake in the debate on offering rewards on US-issued stablecoins under the GENIUS Act, a sobering and timely announcement from the People’s Bank of China that they plan to pay interest on the Digital Yuan. 🇨🇳🇨🇳 Tokenization is the future and the GENIUS Act was a visionary move by @POTUS and Congress to ensure US dollar stablecoins issued under US rules would be the primary settlement instrument of the future.🇺🇸🇺🇸 If this issue is mishandled in Senate negotiations on the market structure bill it could hand our global rivals a big assist in giving non-US stablecoins and CBDCs a critical competitive advantage at the worst possible time. Lobbyists for entrenched incumbents will always fight change. It's critical for negotiators to protect the primacy of the US dollar and the US financial system, not just incumbent interests.

Bitcoin & Quantum Risk Debating the potential risks quantum computers could pose to Bitcoin and how Bitcoin could mitigate that risk is nothing new In 2008, several leading cryptographers, including Daniel Bernstein, published "Post-Quantum Cryptography" 🧵 [1/13]

The European Commission lost the Chat Control 2.0 battle over access to end-to-end encrypted data. By the summer 2026, they will be back with their next attempt: Going Dark. This time some EU member states want to include VPN services. The Going Dark initiative, or ProtectEU as the Commission now calls it, wants to “enable law enforcement authorities to access encrypted data in a lawful manner”. This is a Chat Control 3.0 attempt. The EU Commission and several member states are also looking for new rules on data retention. In a new ”Presidency outcome paper”, the member states discuss metadata retention: which websites you visit, and who is communicating with whom, when and how often. The ambition is “to have the broadest possible scope of application” and this time some member states also want the proposal to include VPN services. Mullvad has spent the last three years opposing Chat Control 2.0 – even though the law would have affected our business positively. We will continue to fight Going Dark with full force, regardless of whether VPNs are included or not. If VPNs are included, and if Going Dark becomes law, we will never spy on our customers no matter what.

🚨BREAKING🚨: President Donald Trump to look into Keonne Rodriguez Samourai wallet Co-founders case for a PARDON!

NEW: 🇺🇸 U.S. regulator says banks can now facilitate Bitcoin and crypto transactions!