Claude goes digging Until Claude entered the picture. This month, an Anthropic employee asked an internal research model to investigate, without sharing the old theory that the seeds came from a forgotten phrase. It took the model less than half an hour to trace five… Read More
For Elon Musk’s company, it’s a rounding error against a valuation of over $1.8 trillion: small enough that the stock will never trade on it, yet large enough to normalize the asset in a way no dedicated vehicle can. For years, onchain analysts estimated SpaceX… Read More
However, the two largest incidents were not simple smart-contract exploits of the type AI could engineer. In one, a North Korea-linked group drained about $285 million from Drift Protocol after a six-month social-engineering campaign that won it admin access. For the other, the attacker exploited… Read More
The House Ways and Means Committee circulated seven draft bills ahead of this week’s hearing on crypto tax policy, signaling what the industry can expect. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign… Read More
Investment banking giant Morgan Stanley has made a quiet by significant move into stablecoins, expanding its footprint in the digital assets industry. The firm’s investment management arm, MSIM, has announced the launch of the Stablecoin Reserves Portfolio – a government money market fund designed for… Read More
Aave, one of the largest decentralized lending platforms, effectively froze Tuesday after all its major lending protocols ran out of available funds, leaving users unable to withdraw billions of dollars in crypto, DeFi Warhold said as he explained what the 100% utilization means. Roughly $5… Read More
