Ethereum co-founder Vitalik Buterin has warned against crypto projects using artificial intelligence for their governance process, as malicious actors could exploit the technology. “If you use an AI to allocate funding for contributions, people WILL put a jailbreak plus ‘gimme all the money’ in as many places as they can,” Buterin said in a Saturday X post….
Fabian Dori, the chief investment officer at digital asset bank Sygnum, says that banks offering crypto-backed loans prefer crypto collateral in the form of onchain assets rather than exchange-traded funds (ETFs), and using onchain collateral can benefit borrowers. Dori said that onchain assets are more liquid, allowing lenders to execute margin calls for crypto-backed loans on demand…
Dollar-pegged stablecoins will eventually lose their price tickers, as exchanges abstract away the differently denominated stable tokens on the backend, presenting only a “USD” option to the user, according to Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius. The bidding war for the Hyperliquid USD stablecoin (USDH), and proposals from several firms promising to…
Opinion by: Jason Jiang, chief business officer of CertiK Since its inception, the decentralized finance (DeFi) ecosystem has been defined by innovation, from decentralized exchanges (DEXs) to lending and borrowing protocols, stablecoins and more. The latest innovation is DeFAI, or DeFi powered by artificial intelligence. Within DeFAI, autonomous bots trained on large data sets can…
US banks should give better rewards to attract and keep customers instead of griping about the threat that stablecoins pose to their profits, says Bitwise’s investment chief, Matt Hougan. “If local banks are worried about competition from stablecoins, they should pay more interest on deposits,” Hougan wrote on X on Tuesday. He added that the banks are…
Opinion by: Evan Kuhn, president of DeLorean Labs When car manufacturers develop a new model, their fragmented logistics and sales cycle mean that even if a customer puts down a deposit, they have no feasible or reliable way of projecting delivery for that car. Eager car buyers can wait months or even years after paying…