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#TradingTopics
US Dollar To Fall Significantly Against Chinese Yuan Amid Trade Negotiations, According to Goldman Sachs: Report
Analysts at the financial giant Goldman Sachs reportedly think the onshore Chinese yuan (CNY) will rise against the dollar over the next 12 months.
One US dollar is currently worth 7.2 CNY (USD/CNY), but Goldman forecasts that number will fall to 7.0 yuan per dollar over the next year, Bloomberg reports.
A falling USD/CNY chart indicates that the yuan is appreciating against the dollar.
Explain the investment bank’s analysts,
“The undervalued levels of the currency, both on a real trade-weighted basis but especially versus the dollar, all point to the possibility for a stronger onshore yuan as a potential offset to tariff reductions.”
The analysts had previously predicted the yuan would be at the 7.35 level over 12 months.
The CNY is up 1.24% against the USD in the past month and 0.31% in the past five days.
Analysts at BNP Paribas Asset Management echo Goldman and also predict the CNY will surge in value against the USD, according to Bloomberg.
Rick Cheung, a fixed income portfolio manager at BNP, tells the news outlet that the yuan will have additional upside if the dollar continues to depreciate.
“If China’s growth in the end surprises the market to reach let’s say more than 5% and even 5.5%, it’ll also provide a very good uptake potential.”
China utilizes an onshore yuan (CNY) for domestic commerce and an offshore yuan (CNH) outside the mainland.
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$USDC
US Dollar To Fall Significantly Against Chinese Yuan Amid Trade Negotiations, According to Goldman Sachs: Report
Analysts at the financial giant Goldman Sachs reportedly think the onshore Chinese yuan (CNY) will rise against the dollar over the next 12 months.
One US dollar is currently worth 7.2 CNY (USD/CNY), but Goldman forecasts that number will fall to 7.0 yuan per dollar over the next year, Bloomberg reports.
A falling USD/CNY chart indicates that the yuan is appreciating against the dollar.
Explain the investment bank’s analysts,
“The undervalued levels of the currency, both on a real trade-weighted basis but especially versus the dollar, all point to the possibility for a stronger onshore yuan as a potential offset to tariff reductions.”
The analysts had previously predicted the yuan would be at the 7.35 level over 12 months.
The CNY is up 1.24% against the USD in the past month and 0.31% in the past five days.
Analysts at BNP Paribas Asset Management echo Goldman and also predict the CNY will surge in value against the USD, according to Bloomberg.
Rick Cheung, a fixed income portfolio manager at BNP, tells the news outlet that the yuan will have additional upside if the dollar continues to depreciate.
“If China’s growth in the end surprises the market to reach let’s say more than 5% and even 5.5%, it’ll also provide a very good uptake potential.”
China utilizes an onshore yuan (CNY) for domestic commerce and an offshore yuan (CNH) outside the mainland.
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$USDC
#CryptoNews
CryptoQuant CEO Predicts Rise of "Dark Stablecoins"
Ki Young Ju, CEO of CryptoQuant, claims that due to upcoming regulations, dark stablecoins — alternatives not under government control — will gain popularity, as people will use them for large international transfers and other use cases that may attract scrutiny.
The growing importance of stablecoins and the current race to establish rules for their usage may contribute to the emergence of a new market. CryptoQuant CEO Ki Young Ju has predicted the rise of what he calls “dark stablecoins,” a new form of dollar-pegged money perceived as resistant to censorship.
Young Ju stated that as current stablecoins become more regulated, they will lose the appeal that made many people use them as a substitute for the U.S. dollar. He explained that companies like Circle and Tether have been able to store their assets in banks and with institutions, with the government not intervening unless it involved criminal activity.
However, with the possible implementation of direct blockchain verification methods — including tax collection through smart contracts and freezing of funds based on government regulations — this is expected to change, prompting the emergence of dark stablecoins that can meet various use cases.
Young Ju explains that dark stablecoins can be programmed in two different ways: by using algorithms to maintain the peg to the U.S. dollar — although most of these stablecoins (including TerraUSD) have failed in the past — and by using stablecoins issued by countries that do not censor financial transactions.
Tether could also play a role in this new chapter of stablecoin evolution if it chooses not to cooperate with the U.S. government. “If Tether decides not to comply with U.S. government policies under a future Trump administration, it could become a dark stablecoin in an era of increasing internet censorship,” Young Ju emphasized.
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$USDC
CryptoQuant CEO Predicts Rise of "Dark Stablecoins"
Ki Young Ju, CEO of CryptoQuant, claims that due to upcoming regulations, dark stablecoins — alternatives not under government control — will gain popularity, as people will use them for large international transfers and other use cases that may attract scrutiny.
The growing importance of stablecoins and the current race to establish rules for their usage may contribute to the emergence of a new market. CryptoQuant CEO Ki Young Ju has predicted the rise of what he calls “dark stablecoins,” a new form of dollar-pegged money perceived as resistant to censorship.
Young Ju stated that as current stablecoins become more regulated, they will lose the appeal that made many people use them as a substitute for the U.S. dollar. He explained that companies like Circle and Tether have been able to store their assets in banks and with institutions, with the government not intervening unless it involved criminal activity.
However, with the possible implementation of direct blockchain verification methods — including tax collection through smart contracts and freezing of funds based on government regulations — this is expected to change, prompting the emergence of dark stablecoins that can meet various use cases.
Young Ju explains that dark stablecoins can be programmed in two different ways: by using algorithms to maintain the peg to the U.S. dollar — although most of these stablecoins (including TerraUSD) have failed in the past — and by using stablecoins issued by countries that do not censor financial transactions.
Tether could also play a role in this new chapter of stablecoin evolution if it chooses not to cooperate with the U.S. government. “If Tether decides not to comply with U.S. government policies under a future Trump administration, it could become a dark stablecoin in an era of increasing internet censorship,” Young Ju emphasized.
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$USDC
#ShortMaestro
The whale with a high win rate on short trades is back.
Previously, this "whale" took short positions and almost always ended up in profit. Now, he has opened a short on Bitcoin. Entry: 104,300, liquidation at 105,340. Position size: $150 million.
The whale with a high win rate on short trades is back.
Previously, this "whale" took short positions and almost always ended up in profit. Now, he has opened a short on Bitcoin. Entry: 104,300, liquidation at 105,340. Position size: $150 million.
#memecoin🚀🚀🚀
❗️The meme coin Truth Social will launch within the next 72 hours. The team resembles that of $TRUMP — founded by a member of Crypto Banter.
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❗️The meme coin Truth Social will launch within the next 72 hours. The team resembles that of $TRUMP — founded by a member of Crypto Banter.
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#OpenAI
The concept of neural networks was invented back in 1943, long before ChatGPT, Midjourney, and other "magical AI" systems. Two scientists — McCulloch and Pitts — described how a neuron could be modeled using a formula. Computers barely existed, yet they were already dreaming of machine intelligence.
🔴 1943 — Warren McCulloch and Walter Pitts create the first mathematical model of a neuron. Pure theory.
🔴 1957 — Frank Rosenblatt builds the Perceptron — the first trainable neural network, running on a military computer.
🔴 1969 — Minsky and Papert prove that the Perceptron is too limited. Interest in the topic dies out for decades.
🔴 1986 — Hinton and colleagues revive interest in neural networks by proposing the backpropagation algorithm.
🔴 1990s–2000s — A lull. Neural networks work, but slowly and inefficiently. Few data, weak hardware.
🔴 2012 — AlexNet (Hinton again) wins the ImageNet competition. The modern era of deep learning begins.
🔴 2014 — VGG16: deeper, simpler, more powerful. A network with 3×3 convolutions and 16 layers becomes a classic and the foundation for many models.
🔴 2017 — The Transformer architecture (paper Attention is All You Need by a Google team). Instead of recurrent networks — pure attention (self-attention), which led to a major leap in training speed and quality. This is the foundation for BERT, GPT, T5, LLaMA, and nearly all modern language models.
🔴 2018+ — GPT, Midjourney, voice AIs, bots, agents, memes. Neural networks are everywhere.
The idea is over 80 years old, but it truly took off only with the advent of powerful GPUs, big data, and the internet.
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The concept of neural networks was invented back in 1943, long before ChatGPT, Midjourney, and other "magical AI" systems. Two scientists — McCulloch and Pitts — described how a neuron could be modeled using a formula. Computers barely existed, yet they were already dreaming of machine intelligence.
🔴 1943 — Warren McCulloch and Walter Pitts create the first mathematical model of a neuron. Pure theory.
🔴 1957 — Frank Rosenblatt builds the Perceptron — the first trainable neural network, running on a military computer.
🔴 1969 — Minsky and Papert prove that the Perceptron is too limited. Interest in the topic dies out for decades.
🔴 1986 — Hinton and colleagues revive interest in neural networks by proposing the backpropagation algorithm.
🔴 1990s–2000s — A lull. Neural networks work, but slowly and inefficiently. Few data, weak hardware.
🔴 2012 — AlexNet (Hinton again) wins the ImageNet competition. The modern era of deep learning begins.
🔴 2014 — VGG16: deeper, simpler, more powerful. A network with 3×3 convolutions and 16 layers becomes a classic and the foundation for many models.
🔴 2017 — The Transformer architecture (paper Attention is All You Need by a Google team). Instead of recurrent networks — pure attention (self-attention), which led to a major leap in training speed and quality. This is the foundation for BERT, GPT, T5, LLaMA, and nearly all modern language models.
🔴 2018+ — GPT, Midjourney, voice AIs, bots, agents, memes. Neural networks are everywhere.
The idea is over 80 years old, but it truly took off only with the advent of powerful GPUs, big data, and the internet.
More interesting news — subscribe
#BitcoinTrends
🌎 Sovereign wealth funds in some countries have already started gradually buying Bitcoin, but there won't be large-scale investments until it's clear how the U.S. will regulate cryptocurrencies.
According to SkyBridge Capital founder Anthony Scaramucci, for Bitcoin to grow to $1 million, it must be recognized as part of the global financial system.
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$BTC
🌎 Sovereign wealth funds in some countries have already started gradually buying Bitcoin, but there won't be large-scale investments until it's clear how the U.S. will regulate cryptocurrencies.
According to SkyBridge Capital founder Anthony Scaramucci, for Bitcoin to grow to $1 million, it must be recognized as part of the global financial system.
More interesting news — subscribe
$BTC
#BTC🔥🔥🔥🔥🔥
‘More Realistic Than It Sounds’: Analyst Outlines How Bitcoin Could Explode to $500,000 in Current Cycle
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC) amid the flagship digital asset’s 25% rise over the past month.
The analyst pseudonymously known as Kaleo tells his 697,200 followers on the social media platform X that the prospect of Bitcoin reaching a price of $500,000 during “this bull market is more realistic than it sounds.”
According to Kaleo, the appreciation of over 403% from the current level would come about amid a rally by gold, which Bitcoin has traditionally outperformed.
“The current total market cap for GOLD is $22.6 trillion.
My target for GOLD over the next few years is greater than $8,000 per ounce. This would put it’s market cap over $50 trillion.
Bitcoin currently has a market cap of less than $2 trillion.
Assuming it just performs in step with gold, BTC would hit $250,000. The past several bull markets, BTC has significantly outpaced gold. Assuming it does a 2x vs. gold, it would put one BTC at $500,000 and roughly a $10 trillion market cap.
I really don’t see how this is too insane for the king of the digital asset class.”
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‘More Realistic Than It Sounds’: Analyst Outlines How Bitcoin Could Explode to $500,000 in Current Cycle
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC) amid the flagship digital asset’s 25% rise over the past month.
The analyst pseudonymously known as Kaleo tells his 697,200 followers on the social media platform X that the prospect of Bitcoin reaching a price of $500,000 during “this bull market is more realistic than it sounds.”
According to Kaleo, the appreciation of over 403% from the current level would come about amid a rally by gold, which Bitcoin has traditionally outperformed.
“The current total market cap for GOLD is $22.6 trillion.
My target for GOLD over the next few years is greater than $8,000 per ounce. This would put it’s market cap over $50 trillion.
Bitcoin currently has a market cap of less than $2 trillion.
Assuming it just performs in step with gold, BTC would hit $250,000. The past several bull markets, BTC has significantly outpaced gold. Assuming it does a 2x vs. gold, it would put one BTC at $500,000 and roughly a $10 trillion market cap.
I really don’t see how this is too insane for the king of the digital asset class.”
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#HackerAlert
☠️ Data from the LockBit ransomware gang has been leaked: nearly 60,000 Bitcoin addresses, communications with victims, and admin passwords were exposed online — but private keys were not compromised.
Unknown hackers breached their control panels and left a message: "Crime is bad. Kisses from Prague."
LockBit is one of the largest hacker groups specializing in ransomware. They encrypt victims' data and demand a ransom for decryption, also threatening to publish stolen information. The group has been active since 2019 and has attacked companies and government organizations worldwide.
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☠️ Data from the LockBit ransomware gang has been leaked: nearly 60,000 Bitcoin addresses, communications with victims, and admin passwords were exposed online — but private keys were not compromised.
Unknown hackers breached their control panels and left a message: "Crime is bad. Kisses from Prague."
LockBit is one of the largest hacker groups specializing in ransomware. They encrypt victims' data and demand a ransom for decryption, also threatening to publish stolen information. The group has been active since 2019 and has attacked companies and government organizations worldwide.
More interesting news — subscribe
#scamriskwarning
Messaging App Used by Trump Admin Hacked – Attacker May Have Stolen Data From Hundreds of Government Employees: Report
The messaging app used by some members of the Trump administration and the US government has been hacked, according to a new report.
404 Media reports that a hacker stole customer data from TeleMessage, an Israeli software company that provides modified versions of messaging apps like Signal.
The US government reportedly uses modified apps to archive messages.
A Reuters photo last week revealed that Michael Waltz, the recently ousted national security adviser, was using TeleMessage to communicate with colleagues during a Trump administration cabinet meeting.
Trump said last week on Truth Social that he plans to nominate Waltz to serve as the US ambassador to the United Nations. The former national security adviser fell into hot water earlier this year for accidentally adding a journalist to a sensitive Signal chat about war plans between top Trump administration figures.
The identity of the hacker remains unknown, but 404 Media viewed the hacked material that was anonymously provided. The hacker also anonymously noted that the hack took 15-20 minutes and “wasn’t much effort at all.”
The hacker didn’t access Waltz’s messages specifically, but the thief did access data related to Customs and Border Protection (CBP) and the crypto exchange Coinbase, as well as other financial institutions. A screenshot shows that the hacker was able to access a TeleMessage panel that lists the names, phone numbers and email addresses of CPB employees.
The screenshot also shows an option to select 747 entries, suggesting that the attacker has access to the data of hundreds of US government employees.
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Messaging App Used by Trump Admin Hacked – Attacker May Have Stolen Data From Hundreds of Government Employees: Report
The messaging app used by some members of the Trump administration and the US government has been hacked, according to a new report.
404 Media reports that a hacker stole customer data from TeleMessage, an Israeli software company that provides modified versions of messaging apps like Signal.
The US government reportedly uses modified apps to archive messages.
A Reuters photo last week revealed that Michael Waltz, the recently ousted national security adviser, was using TeleMessage to communicate with colleagues during a Trump administration cabinet meeting.
Trump said last week on Truth Social that he plans to nominate Waltz to serve as the US ambassador to the United Nations. The former national security adviser fell into hot water earlier this year for accidentally adding a journalist to a sensitive Signal chat about war plans between top Trump administration figures.
The identity of the hacker remains unknown, but 404 Media viewed the hacked material that was anonymously provided. The hacker also anonymously noted that the hack took 15-20 minutes and “wasn’t much effort at all.”
The hacker didn’t access Waltz’s messages specifically, but the thief did access data related to Customs and Border Protection (CBP) and the crypto exchange Coinbase, as well as other financial institutions. A screenshot shows that the hacker was able to access a TeleMessage panel that lists the names, phone numbers and email addresses of CPB employees.
The screenshot also shows an option to select 747 entries, suggesting that the attacker has access to the data of hundreds of US government employees.
More interesting news — subscribe
#TradingTales
Analysts Say $2,500,000,000,000 ‘Avalanche’ of Selling Could Hit US Dollar, Warn Trade Wars Threatening Greenback’s Appeal: Report
The US dollar could suffer a major sell-off by Asian investors and exporters triggered by trade tensions, according to a pair of macroeconomic and currency strategists.
Eurizon SLJ Capital’s analysts Stephen Jen and Joana Freireat say in a new investment note that Asian investors have accumulated a massive pile of USD that could be ditched en masse if trade wars intensify and the dollar weakens, reports Bloomberg.
According to the analysts, if the US-driven trade conflict grows, a significant number of Asian investors could bring substantial capital back home or seek to bolster their defenses against a declining USD.
That, they warn, could leave the dollar facing a $2.5 trillion “avalanche” of selling.
“We suspect these dollar hoardings by Asian exporters and institutional investors may be extremely large – possibly on the order of $2.5 trillion or so – and pose sharp downside risks to the dollar vis-à-vis these Asian currencies.”
Bloomberg says its dollar gauge has dropped about 8% from a February high. Meanwhile, Asian currencies have strengthened versus the greenback in the past month.
President Trump signed an executive order in April that imposed a 10% tariff on all imported goods entering the US, with the stated aim of increasing domestic manufacturing. The President also issued a proclamation that slapped reciprocal tariffs on dozens of countries.
The Trump administration says it is currently engaging with more than a dozen countries around the world to craft new trade deals.
Meanwhile, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with their Chinese counterparts to discuss trade and economic issues in Switzerland this week.
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$USDC
Analysts Say $2,500,000,000,000 ‘Avalanche’ of Selling Could Hit US Dollar, Warn Trade Wars Threatening Greenback’s Appeal: Report
The US dollar could suffer a major sell-off by Asian investors and exporters triggered by trade tensions, according to a pair of macroeconomic and currency strategists.
Eurizon SLJ Capital’s analysts Stephen Jen and Joana Freireat say in a new investment note that Asian investors have accumulated a massive pile of USD that could be ditched en masse if trade wars intensify and the dollar weakens, reports Bloomberg.
According to the analysts, if the US-driven trade conflict grows, a significant number of Asian investors could bring substantial capital back home or seek to bolster their defenses against a declining USD.
That, they warn, could leave the dollar facing a $2.5 trillion “avalanche” of selling.
“We suspect these dollar hoardings by Asian exporters and institutional investors may be extremely large – possibly on the order of $2.5 trillion or so – and pose sharp downside risks to the dollar vis-à-vis these Asian currencies.”
Bloomberg says its dollar gauge has dropped about 8% from a February high. Meanwhile, Asian currencies have strengthened versus the greenback in the past month.
President Trump signed an executive order in April that imposed a 10% tariff on all imported goods entering the US, with the stated aim of increasing domestic manufacturing. The President also issued a proclamation that slapped reciprocal tariffs on dozens of countries.
The Trump administration says it is currently engaging with more than a dozen countries around the world to craft new trade deals.
Meanwhile, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with their Chinese counterparts to discuss trade and economic issues in Switzerland this week.
More interesting news — subscribe
$USDC
#Google
Google Shares Drop After News That Apple Plans to Replace Default Google Search with AI Search
One of Apple’s top executives openly stated that, for the first time in 20 years, they are seeing a decline in the number of search queries. People are rapidly switching to AI interfaces like ChatGPT, Perplexity, and DeepSeek.
The market reacted instantly — Google shares plunged by 9% in just a few hours.
More big news — subscribe now.
$USDC
Google Shares Drop After News That Apple Plans to Replace Default Google Search with AI Search
One of Apple’s top executives openly stated that, for the first time in 20 years, they are seeing a decline in the number of search queries. People are rapidly switching to AI interfaces like ChatGPT, Perplexity, and DeepSeek.
The market reacted instantly — Google shares plunged by 9% in just a few hours.
More big news — subscribe now.
$USDC
#BlackRock
BlackRock Buys $55,500,000,000 Worth of Bitcoin As BTC Price Holds Steady
New data from market intelligence firm Arkham reveals that asset management titan BlackRock purchased billions of dollars worth of Bitcoin (BTC) as the flagship crypto asset closes in on $100,000.
In a new thread on the social media platform X, Arkham says that BlackRock, which has over $11 trillion in assets under management, bought $55.5 billion worth of BTC last week.
In his annual letter to investors, BlackRock CEO Larry Fink suggests Bitcoin may one day become the world’s reserve currency, replacing the US dollar.
Says Fink,
“The US has benefited from the dollar serving as the world’s reserve currency for decades. But that’s not guaranteed to last forever. The national debt has grown at three times the pace of GDP since Times Square’s debt clock started ticking in 1989. This year, interest payments will surpass $952 billion – exceeding defense spending.
By 2030, mandatory government spending and debt service will consume all federal revenue, creating a permanent deficit. If the US doesn’t get its debt under control, if deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.”
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BlackRock Buys $55,500,000,000 Worth of Bitcoin As BTC Price Holds Steady
New data from market intelligence firm Arkham reveals that asset management titan BlackRock purchased billions of dollars worth of Bitcoin (BTC) as the flagship crypto asset closes in on $100,000.
In a new thread on the social media platform X, Arkham says that BlackRock, which has over $11 trillion in assets under management, bought $55.5 billion worth of BTC last week.
In his annual letter to investors, BlackRock CEO Larry Fink suggests Bitcoin may one day become the world’s reserve currency, replacing the US dollar.
Says Fink,
“The US has benefited from the dollar serving as the world’s reserve currency for decades. But that’s not guaranteed to last forever. The national debt has grown at three times the pace of GDP since Times Square’s debt clock started ticking in 1989. This year, interest payments will surpass $952 billion – exceeding defense spending.
By 2030, mandatory government spending and debt service will consume all federal revenue, creating a permanent deficit. If the US doesn’t get its debt under control, if deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.”
More interesting news — subscribe
#TradingTopics
Deribit Sets Sights on US Market Amid President Trump’s Pro-Crypto Approach: Report
The world’s largest cryptocurrency options exchange is reportedly considering expanding its operations into the US.
The Financial Times reports that Dubai-headquartered Deribit is eyeing to enter the US market to take advantage of President Donald Trump’s pledge to make the country the crypto capital of the world.
Deribit chief executive Luuk Strijers says that the exchange is “actively reassessing potential opportunities” in the US after the nation adopted a friendlier stance on crypto.
Under the Trump administration, the U.S. Securities and Exchange Commission (SEC), which previously cracked down on the digital asset industry, ended or halted over a dozen cases it filed against crypto companies for alleged violations of federal securities laws.
Last month, the U.S. Department of Justice (DOJ) also disbanded its National Cryptocurrency Enforcement Team (NCET) unit that focused on crypto-related criminal activities.
Several Asian and European crypto companies are also setting their sights on the US, including the Seychelles-based crypto exchange OKX, the Switzerland-based crypto lender Nexo, and two of the industry’s leading market makers: London’s Wintermute and Abu Dhabi’s DWF Labs.
But Strijers says companies trying to tap the US market still face challenges, even though the regulatory environment is now more supportive of the digital assets industry.
“Offering derivatives in the US remains complex. We are monitoring developments and evaluating strategic options accordingly.”
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Deribit Sets Sights on US Market Amid President Trump’s Pro-Crypto Approach: Report
The world’s largest cryptocurrency options exchange is reportedly considering expanding its operations into the US.
The Financial Times reports that Dubai-headquartered Deribit is eyeing to enter the US market to take advantage of President Donald Trump’s pledge to make the country the crypto capital of the world.
Deribit chief executive Luuk Strijers says that the exchange is “actively reassessing potential opportunities” in the US after the nation adopted a friendlier stance on crypto.
Under the Trump administration, the U.S. Securities and Exchange Commission (SEC), which previously cracked down on the digital asset industry, ended or halted over a dozen cases it filed against crypto companies for alleged violations of federal securities laws.
Last month, the U.S. Department of Justice (DOJ) also disbanded its National Cryptocurrency Enforcement Team (NCET) unit that focused on crypto-related criminal activities.
Several Asian and European crypto companies are also setting their sights on the US, including the Seychelles-based crypto exchange OKX, the Switzerland-based crypto lender Nexo, and two of the industry’s leading market makers: London’s Wintermute and Abu Dhabi’s DWF Labs.
But Strijers says companies trying to tap the US market still face challenges, even though the regulatory environment is now more supportive of the digital assets industry.
“Offering derivatives in the US remains complex. We are monitoring developments and evaluating strategic options accordingly.”
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#scamriskwarning
Kraken Catches North Korean Hacker Posing As ‘Steven Smith’ Applying for Job at Crypto Exchange: Report
One of the world’s top crypto exchange platforms has reportedly caught a North Korean hacker with a fake identity to apply for a job at the firm.
In a report by CBS News, Nick Percoco – the chief security officer at Kraken – says that an individual from North Korea posing as “Steven Smith” attempted to get an IT job at the crypto exchange as a means of stealing money and information.
The person, who is on a “Do Not Hire” list, is suspected of working for North Korea’s Kim Jong Un. However, instead of dismissing the man’s application right away, Percoco says he wanted to confront him.
“We like to look the attackers right in the eyes. Some people might call it trolling as well. We call it security research…
Their job is to start employment, to steal intellectual property, steal money from companies… Take home a paycheck, and do it in a widespread way.”
During an interview with Kraken, the man was asked to present his identification card as he claimed to be from Houston. After delaying for a few minutes, he presented a screenshot of a driver’s license which said his name was “Stephen Smith” with an address 300 miles away.
According to a recent report by Fortune, Smith claimed to have a bachelor’s degree in computer science from New York University with over a decade of experience working as a software engineer at US firms such as Cisco and Kindly Human.
The United Nations estimates that North Korea makes between $250 million and $600 million annually by deceiving foreign firms into hiring its spies.
More interesting news — subscribe
Kraken Catches North Korean Hacker Posing As ‘Steven Smith’ Applying for Job at Crypto Exchange: Report
One of the world’s top crypto exchange platforms has reportedly caught a North Korean hacker with a fake identity to apply for a job at the firm.
In a report by CBS News, Nick Percoco – the chief security officer at Kraken – says that an individual from North Korea posing as “Steven Smith” attempted to get an IT job at the crypto exchange as a means of stealing money and information.
The person, who is on a “Do Not Hire” list, is suspected of working for North Korea’s Kim Jong Un. However, instead of dismissing the man’s application right away, Percoco says he wanted to confront him.
“We like to look the attackers right in the eyes. Some people might call it trolling as well. We call it security research…
Their job is to start employment, to steal intellectual property, steal money from companies… Take home a paycheck, and do it in a widespread way.”
During an interview with Kraken, the man was asked to present his identification card as he claimed to be from Houston. After delaying for a few minutes, he presented a screenshot of a driver’s license which said his name was “Stephen Smith” with an address 300 miles away.
According to a recent report by Fortune, Smith claimed to have a bachelor’s degree in computer science from New York University with over a decade of experience working as a software engineer at US firms such as Cisco and Kindly Human.
The United Nations estimates that North Korea makes between $250 million and $600 million annually by deceiving foreign firms into hiring its spies.
More interesting news — subscribe
#USDT
Tether CEO Paolo Ardoino Unveils New Science Fiction-Inspired Artificial Intelligence Venture
The company behind the world’s biggest stablecoin is diving head-first into artificial intelligence with a new AI platform.
According to Tether CEO Paolo Ardoino, the stablecoin firm is launching a peer-to-peer network called Tether AI soon.
According to Ardoino, Tether is modeling its AI project off the artificial intelligence described in the science fiction literature of Isaac Asimov.
“Tether AI has one key goal: to be the ideal technological foundation to achieve the vision of AI described in Asimov’s science fiction books.
AI will become, in the coming decades, part of the very fabric of the universe.
Our technology will be open source, transparent, scalable and capable of adapting and evolving on any device regardless of hardware.”
The news follows last week’s report that Tether is looking to create a new US-dollar-pegged crypto asset by the end of the year.
The report said that Ardoino may have helped shape key legislation, such as the GENIUS Act – a bill that aims to give clear guidelines for stablecoins – and added provisions for Tether to help law enforcement.
As stated by Ardoino, according to CNBC,
“There is no company… even in the traditional financial system, that has such a breadth of collaboration with law enforcement. We are always trying to do better and more to block criminal activity… we have much better tools than the traditional financial system and we’re proving that every day.”
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Tether CEO Paolo Ardoino Unveils New Science Fiction-Inspired Artificial Intelligence Venture
The company behind the world’s biggest stablecoin is diving head-first into artificial intelligence with a new AI platform.
According to Tether CEO Paolo Ardoino, the stablecoin firm is launching a peer-to-peer network called Tether AI soon.
According to Ardoino, Tether is modeling its AI project off the artificial intelligence described in the science fiction literature of Isaac Asimov.
“Tether AI has one key goal: to be the ideal technological foundation to achieve the vision of AI described in Asimov’s science fiction books.
AI will become, in the coming decades, part of the very fabric of the universe.
Our technology will be open source, transparent, scalable and capable of adapting and evolving on any device regardless of hardware.”
The news follows last week’s report that Tether is looking to create a new US-dollar-pegged crypto asset by the end of the year.
The report said that Ardoino may have helped shape key legislation, such as the GENIUS Act – a bill that aims to give clear guidelines for stablecoins – and added provisions for Tether to help law enforcement.
As stated by Ardoino, according to CNBC,
“There is no company… even in the traditional financial system, that has such a breadth of collaboration with law enforcement. We are always trying to do better and more to block criminal activity… we have much better tools than the traditional financial system and we’re proving that every day.”
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#AI
Mass layoffs of IT specialists are happening worldwide due to the rapid development of neural networks, according to job posting data from the popular platform Indeed.
Since the end of 2022, global tech giants have laid off 635,000 employees. The reasons are simple — AI works faster, cheaper, and doesn't take vacations.
Mass layoffs of IT specialists are happening worldwide due to the rapid development of neural networks, according to job posting data from the popular platform Indeed.
Since the end of 2022, global tech giants have laid off 635,000 employees. The reasons are simple — AI works faster, cheaper, and doesn't take vacations.
Senator Lummis Claims Trump Supports Bill That Would Direct US Government To Purchase 1,000,000 Bitcoin
President Donald Trump supports the idea of the US government buying one million Bitcoin (BTC), says Senator Cynthia Lummis.
In March, Lummis (R-WY) introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the Senate.
If passed, the bill would establish a decentralized network of Bitcoin vaults operated by the Department of the Treasury, and it would implement a one-million-unit BTC purchase program so the US government could control approximately 5% of the top crypto asset’s supply.
Lummis said in a speech this week that she’s “particularly pleased with President Trump’s support” of her BITCOIN Act.
“The BITCOIN Act is the only solution to our nation’s $36 trillion debt. I’m grateful for a forward-thinking president who not only recognizes this but acts on it.”
The Wyoming senator, a longtime BTC advocate, says the potential legislation would secure the country’s position as “a global leader in financial innovation.”
“As Bitcoin comes into more usage, its use makes the whole system more secure, more robust and more capable of serving our needs all over the world.
We should be the global leader with this fantastic new ledger-based asset that is in a digital format that is going to be transformative of the everyday economy and puts the everyday American, in fact, the everyday worker all over the world, in control of their own money.”
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President Donald Trump supports the idea of the US government buying one million Bitcoin (BTC), says Senator Cynthia Lummis.
In March, Lummis (R-WY) introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the Senate.
If passed, the bill would establish a decentralized network of Bitcoin vaults operated by the Department of the Treasury, and it would implement a one-million-unit BTC purchase program so the US government could control approximately 5% of the top crypto asset’s supply.
Lummis said in a speech this week that she’s “particularly pleased with President Trump’s support” of her BITCOIN Act.
“The BITCOIN Act is the only solution to our nation’s $36 trillion debt. I’m grateful for a forward-thinking president who not only recognizes this but acts on it.”
The Wyoming senator, a longtime BTC advocate, says the potential legislation would secure the country’s position as “a global leader in financial innovation.”
“As Bitcoin comes into more usage, its use makes the whole system more secure, more robust and more capable of serving our needs all over the world.
We should be the global leader with this fantastic new ledger-based asset that is in a digital format that is going to be transformative of the everyday economy and puts the everyday American, in fact, the everyday worker all over the world, in control of their own money.”
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#CIA
CIA “Found” Three Alien Bases – Two on Earth, One on Titan – Daily Mail
According to declassified CIA files, during the 1970s and 1980s, the agency conducted experiments involving "remote viewing" with individuals allegedly capable of seeing distant objects. The Daily Mail reports that one such document describes the locations of three alien bases: in Alaska, in Africa, and on Saturn’s moon Titan.
The "viewers" supposedly saw various types of beings – from humanoids with large round heads to people indistinguishable from humans. One report states that at a base near Mount Hayes (Alaska), one of the beings even invited the "guest" to observe their work. And on Titan, according to the "viewer," the base was managed by humans – two men and a woman in a light green robe.121:55
Red Heart
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CIA “Found” Three Alien Bases – Two on Earth, One on Titan – Daily Mail
According to declassified CIA files, during the 1970s and 1980s, the agency conducted experiments involving "remote viewing" with individuals allegedly capable of seeing distant objects. The Daily Mail reports that one such document describes the locations of three alien bases: in Alaska, in Africa, and on Saturn’s moon Titan.
The "viewers" supposedly saw various types of beings – from humanoids with large round heads to people indistinguishable from humans. One report states that at a base near Mount Hayes (Alaska), one of the beings even invited the "guest" to observe their work. And on Titan, according to the "viewer," the base was managed by humans – two men and a woman in a light green robe.121:55
Red Heart
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#Bitcoin❗
Is Bitcoin Under Threat? The Battle Over Blockchain Limits
he Bitcoin developer community is in the midst of a dispute. The cause — Peter Todd’s proposal to remove restrictions that limit using Bitcoin’s blockchain to store arbitrary data (such as NFTs or images). Such data was once considered “spam” that disrupts network functionality.
Todd argues that the restrictions are ineffective: developers already bypass them via direct mempool submission or use alternative clients like Libre Relay. According to Antoine Poinsot of Chaincode Labs, the Citrea bridge and others are doing just that.
Not everyone agrees. Jason Hughes of Ocean Mining believes the change would harm Bitcoin: “It would turn Bitcoin into a useless altcoin.” He called for rejecting Bitcoin Core if the change is adopted and urged mining pools to speak out.
Udi Wertheimer from Taproot Wizards accused Ocean Mining of harassing developers on GitHub. He noted that contributors work out of passion or for low pay and do not deserve such pressure.
In response, Poinsot said: “Bitcoin will be fine. If it can be broken by a relay policy change for unconfirmed transactions, then it was never strong to begin with.”
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Is Bitcoin Under Threat? The Battle Over Blockchain Limits
he Bitcoin developer community is in the midst of a dispute. The cause — Peter Todd’s proposal to remove restrictions that limit using Bitcoin’s blockchain to store arbitrary data (such as NFTs or images). Such data was once considered “spam” that disrupts network functionality.
Todd argues that the restrictions are ineffective: developers already bypass them via direct mempool submission or use alternative clients like Libre Relay. According to Antoine Poinsot of Chaincode Labs, the Citrea bridge and others are doing just that.
Not everyone agrees. Jason Hughes of Ocean Mining believes the change would harm Bitcoin: “It would turn Bitcoin into a useless altcoin.” He called for rejecting Bitcoin Core if the change is adopted and urged mining pools to speak out.
Udi Wertheimer from Taproot Wizards accused Ocean Mining of harassing developers on GitHub. He noted that contributors work out of passion or for low pay and do not deserve such pressure.
In response, Poinsot said: “Bitcoin will be fine. If it can be broken by a relay policy change for unconfirmed transactions, then it was never strong to begin with.”
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#TrendingTopic
SoftBank stated that Michael Saylor came up with the best business model in the world — and it should be copied immediately:
“Strategy sold $1.5 billion worth of stock, secured by $500 million in BTC. Then they bought $1.5 billion worth of BTC, generating an arbitrage profit of $1 billion.”
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SoftBank stated that Michael Saylor came up with the best business model in the world — and it should be copied immediately:
“Strategy sold $1.5 billion worth of stock, secured by $500 million in BTC. Then they bought $1.5 billion worth of BTC, generating an arbitrage profit of $1 billion.”
More interesting news — subscribe
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