Crypto and Defi News

"In a hyperfinancialised economy, financial activities like speculative trading overshadow productive services which contribute more widely to society, while household wealth and inequality become increasingly tied to asset prices. to put it simply, wealth is no longer directly correlated to hard work and is disconnected from the means of production. this leads to more capital being channeled into speculative activities"

wen Squid

TL;DR: TPUs are emerging as the ideal hardware for the future of blockchain because their systolic-array design is perfect for the heavy matrix math used in post-quantum cryptography, zero-knowledge proofs, and decentralized AI. GPUs are still dominant thanks to CUDA and flexibility, but TPUs offer far higher efficiency for the “math layer” of Web3. As blockchains shift toward quantum-safe cryptography and ZK scaling, a split future is likely: GPUs for general compute, TPUs for advanced cryptography and AI workloads.

"While Prysm operators scrambled to implement the emergency workaround flag –disable-last-epoch-targets, alternative clients, including Lighthouse, Teku, Nimbus, and Lodestar, continued validating blocks without interruption. The incident reinforced long-standing arguments for client diversity as Ethereum’s primary defense against consensus failures. Developer Kydo captured the significance, noting that the upgrade simultaneously reinforced four critical narratives: Zero-downtime operations Layer-2 scaling capability through PeerDAS activation Client diversity protection Revenue-generating potential."

"@BuxtonMatthew Imagine creating a business to game the algorithm of another business to force ‘organic’ ads down people’s throats. How could that possibly go wrong."

"The CRA's 35-person crypto audit team has worked on over 230 files and estimates that 40% of taxpayers using crypto platforms have either failed to file taxes or are at high risk of non-compliance, according to the report. Yet the agency's own top crypto auditor acknowledged in a sworn affidavit that the CRA believes "there is no way to reliably identify taxpayers operating in the crypto space and assess compliance" with income tax obligations. Furthermore, the CRA has obtained a court order for data on 2,500 users from Dapper Labs, the NFT firm behind NBA Top Shot and CryptoKitties, through a court order, the report states. The CRA initially sought information on Dapper's top 18,000 users, but settled for 2,500 following negotiations with Dapper's company officials and lawyers."

A really hard choice. Is this looking like the end of farcaster?

@lnn_headline_bot /tag_21783 NFT, TaschaLabs

TL;DR: There are many new stablecoin neobanks, but the infrastructure isn’t reliable yet. Most rely on a few centralized providers, creating systemic risks. Unlike traditional banks, which prioritize trust and reliability, these neobanks often fail when any single provider has issues. To succeed, we need neobanks that always work—robust, redundant infrastructure that ensures payments, cards, and off-ramps are fully reliable. Only then can stablecoins compete with banks.

We are yet to harness the full power of crypto. It is just the beginning

So polymarket has a bug / inefficiency that this guy is taking advantage of

TL;DR: Ethereum’s public goods funding is shifting from “vibes and grants” to a more durable, data-driven system. Instead of relying on one big treasury or charity-style donations, the future is pluralistic: many L1s, L2s, DAOs, and experiments (Gitcoin, PG, Optimism, Drips, Octant, etc.) all funding their own dependencies. The new model focuses on provable impact, sustainable revenue flows (sequencer fees, yield, OSS licenses), privacy, and AI+ZK-powered mechanisms that make funding more objective and manipulation-resistant. The next era (2026+) is about continuous, structural, evidence-based funding—not vibes.

What is USDS backed by?

Attacker fiddled with the internal contract state so that unchecked arithmetic led to the contract trying to run Newton Raphson approximation on a function that was unsolvable. The assert shown in the picture below would have prevented the attack from being possible. h/t https://x.com/BautiDeFi/status/1995514169245012395

Ken Chang is such a loser. If price was up 10x he would have not written such loser's piece like this lol.

He does have a point when it comes to liquidity but tokenization will boost access to liquidity

lol

This is more reason why we can't fully depend on AI