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Sam Altman’s OpenAI unveils ‘EVMbench’ to test whether AI can keep crypto’s smart contracts safe

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Memecoins lead crypto market gains as prices of major tokens BTC, ETH languish: Crypto Markets Today

OpenAI is stepping deeper into crypto security with the launch of EVMbench, a new testing framework designed to measure how well artificial intelligence can understand and potentially secure smart contracts on Ethereum and similar blockchains.

Smart contracts, self-executing code deployed on blockchains like Ethereum, underpin decentralized exchanges, lending protocols and a wide range of onchain financial applications. Because these contracts are typically immutable once deployed, vulnerabilities can be serious.

EVMbench is OpenAI’s attempt to see whether modern AI systems are up to the task of helping prevent those issues. Built in collaboration with crypto investment firm Paradigm, the benchmark draws on real-world smart contract vulnerabilities previously uncovered through audits and security competitions.

The system measures performance across three core abilities: identifying security bugs, exploiting those bugs in a controlled environment and fixing the vulnerable code without breaking the contracts.

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OpenAI says the goal is to establish a clear standard for evaluating AI systems in blockchain security, especially as decentralized finance continues to secure billions of dollars in user funds. The stakes for smart contracts are only rising.

“Smart contracts routinely secure $100B+ in open-source crypto assets. As AI agents improve at reading, writing, and executing code, it becomes increasingly important to measure their capabilities in economically meaningful environments, and to encourage the use of AI systems defensively to audit and strengthen deployed contracts,” OpenAI wrote in a blog post.

Read more: Most Influential: Sam Altman

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Coin Center Pushes Senate to Preserve Crypto Developer Liability Protections

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Coin Center Pushes Senate to Preserve Crypto Developer Liability Protections

Crypto advocacy group Coin Center is lobbying the U.S. Senate to maintain a crucial clause in the upcoming market structure bill, according to a new blog post.

This provision protects software developers from liability if third parties misuse their open-source code for illicit activities.

The stakes are incredibly high for the industry. Removing these protections could freeze innovation by making coders legally responsible for how strangers use their tools. That is a risk few developers are willing to take.

Key Takeaways

  • Liability Shield: Coin Center argues that developers who do not control assets should not be treated as money transmitters.
  • Senate Standoff: The Senate Judiciary Committee is blocking the clause, citing enforcement concerns over platforms like Tornado Cash.
  • Procedural Roadblock: The dispute has stalled the broader market structure bill, delaying regulatory clarity.

Why Is Coin Center Lobbying so Hard?

The Senate Banking Committee is currently deliberating a comprehensive digital asset market structure bill.

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This legislation aims to define how the CFTC and SEC regulate the industry. Recently, Trump suggested a crypto market structure bill could arrive soon, ramping up the urgency.

However, a specific clause protecting non-custodial developers has hit a wall. Leaders of the Senate Judiciary Committee, including Senators Dick Durbin and Chuck Grassley, have intervened. They argue that shielding developers weakens laws against unlicensed money transmitters.

This political friction has created a significant procedural hurdle for the bill. Without a compromise, the entire legislative package risks indefinite delay.

The Battle Over Code Liability

For Coin Center, preserving this liability shield is a top priority. The advocacy group contends that punishing developers for the actions of users creates “chilling uncertainty” for open-source innovation.

The core issue revolves around control. Coin Center argues that if you merely publish code, like the developers of a decentralized exchange, you do not control user funds. Therefore, you cannot comply with Bank Secrecy Act requirements designed for custodial intermediaries.

This distinction is vital for the DeFi sector. Protocols where rely on developers building open systems without fear of prosecution.

If the Senate removes these protections, writing smart contracts could become a criminal liability in the U.S.

This debate refers back to earlier legislative attempts, such as the Blockchain Regulatory Certainty Act, which sought similar clarifications regarding non-controlling blockchain services.

Discover: The best crypto to diversify your portfolio with.

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What Happens Next?

The industry is now watching the Senate Banking Committee. They must decide whether to strip the clause to appease the Judiciary Committee or fight to keep it. Stripping it might pass the bill, but it leaves developers exposed.

Looking globally, the U.S. risks falling behind jurisdictions with clearer frameworks. For instance, Germany’s central bank endorsed stablecoins under the MiCA regulation, providing the kind of legal certainty U.S. builders are desperate for.

If the Senate fails to resolve this standoff, major market structure legislation could be pushed into late 2026. Until then, American developers operate in a dangerous gray zone.

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Discover: Here’s the best pre-launch token sales in crypto now.

The post Coin Center Pushes Senate to Preserve Crypto Developer Liability Protections appeared first on Cryptonews.

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Assets React As Fears of Weeks-Long Iran War Mount

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Crude Oil (WTI) Spot Price Performance

Global markets are reacting sharply to rising geopolitical tensions in the Middle East, as reports suggest the US could be moving closer to a direct military confrontation with Iran.

Safe-haven assets such as gold and silver are climbing, oil prices are rising on supply fears, and Bitcoin is slipping as traders rotate away from risk-sensitive assets.

Iran Military Buildup Fuels Market Anxiety

Recent intelligence and media reports indicate that any potential conflict would not be a limited strike. Rather, it would be a broader, weeks-long campaign if launched, raising concerns about prolonged volatility across commodities, equities, and crypto.

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According to Axios analysis, evidence is mounting that a conflict could be imminent, with Israel reportedly preparing for a scenario of “war within days,” which could involve a “weeks-long ‘full-fledged’ war” and a joint US–Israeli campaign broader in scope than previous operations.

The same report noted that US forces in the region now include “2 aircraft carriers, 12 warships, hundreds of fighter jets, and multiple air defense systems.” This is in addition to more than 150 cargo flights transporting weapons and ammunition.

Oil prices reportedly surged above $64 per barrel following the news.

Crude Oil (WTI) Spot Price Performance
Crude Oil (WTI) Spot Price Performance. Source: TradingView

Separate commentary similarly described the US as being on the brink of a large-scale conflict, with stalled nuclear negotiations and a growing military presence increasing the risk of imminent action.

The assessment suggested that strikes could come within weeks if diplomacy collapses, with Donald Trump’s advisers continuing talks but failing to close key gaps.

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Commodity markets have been the most immediate beneficiaries of the rising geopolitical risk premium.

Analysts tracking market moves reported that gold, silver, and oil all advanced as tensions escalated. Silver posted some of the strongest gains among major assets.

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Bitcoin, Gold, Silver, and Oil Price Performances
Bitcoin, Gold, Silver, and Oil Price Performances. Source: TradingView

“The precious metals sector has so far been the primary beneficiary of heightened US attack concerns,” commented commodities strategist Ole Hansen, adding that gold is trading above $5,000 while silver and platinum have also recorded significant gains.

Oil markets are also reacting to the possibility of disruptions in the Strait of Hormuz, through which roughly one-fifth of global oil supply moves.

Even the perception of risk to this route tends to trigger sharp price swings, amplifying volatility across energy markets.

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Bitcoin Slips as Risk Appetite Weakens

While traditional safe havens rallied, cryptocurrencies moved in the opposite direction. Bitcoin fell below the critical support of $67,014 and was trading for $66,384 as of this writing.

This divergence, where Bitcoin slumps while gold, silver, and oil advance, reflects a broader risk-off shift in investor sentiment.

Bitcoin (BTC) Price Performance
Bitcoin (BTC) Price Performance. Source: TradingView

The divergence highlights a recurring pattern in periods of geopolitical stress: capital often flows first into commodities and cash-like instruments before returning to higher-beta assets such as crypto.

Debate Over the Likelihood and Consequences of War

Despite the buildup, some analysts remain skeptical that a full-scale war will materialize. Nigerian tech entrepreneur Mark Essien argued that a prolonged conflict would be far more complex than previous campaigns.

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Based on this, Essien warns that Iran’s drone capabilities and potential insurgency could make the situation difficult to resolve quickly. Meanwhile, domestic opposition in the US is also visible.

“Americans do not want to go to war with Iran!!! They want to be able to afford their lives and get ahead,” wrote former congresswoman Marjorie Taylor Greene.

At the same time, geopolitical risks may be expanding beyond a bilateral confrontation. Reports cited by defense analysts suggest that China could be providing Iran with intelligence and navigation support, potentially complicating the regional strategic balance.

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With peace talks continuing but showing little sign of a breakthrough, markets are preparing for prolonged uncertainty. Traders are increasingly pricing in the possibility that any military action would be larger, longer, and more disruptive than recent conflicts.

It explains why commodities are reflecting fear, cryptos are reflecting caution, and global investors are watching diplomatic developments closely.

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Whether diplomacy prevails or tensions escalate further may determine the direction of oil and gold, as well as the next major trend across global financial markets.

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DerivaDEX Launches Bermuda-Licensed DAO Derivatives Exchange

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DerivaDEX Launches Bermuda-Licensed DAO Derivatives Exchange

DerivaDEX has launched a Bermuda-licensed crypto derivatives platform, becoming what it says is the first DAO-governed decentralized exchange to operate under formal regulatory approval.

According to a statement from the platform, the exchange received a T license from the Bermuda Monetary Authority and has begun offering crypto perpetual swaps trading to a limited number of advanced retail and institutional participants.

The BMA’s T, or test license, is issued for a digital asset business seeking to test a proof of concept.

At launch, DerivaDEX supports major crypto perpetual products and said it plans to expand into additional markets, including prediction markets and traditional securities. The company said the platform combines offchain order matching with onchain settlement to Ethereum, while allowing users to retain noncustodial control of funds.

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DerivaDEX also said the platform, developed by DEXLabs, uses encrypted order handling and trusted execution environments, which are intended to mitigate front-running and other forms of market manipulation.

A decentralized autonomous organization, or DAO, is a blockchain-based governance structure in which token holders collectively vote on decisions according to rules encoded in smart contracts rather than relying on a traditional management hierarchy.

Related: Fed paper proposes initial margin weights for crypto-linked derivatives

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Traditional asset managers move into DeFi infrastructure

DerivaDEX’s launch comes as traditional asset managers are increasingly engaging with decentralized finance infrastructure on public blockchains.

On Feb. 11, BlackRock made its tokenized US Treasury product, the USD Institutional Digital Liquidity Fund (BUIDL), available on the decentralized exchange Uniswap. The move allows institutional investors to trade the tokenized fund onchain, and included BlackRock purchasing an undisclosed amount of Uniswap’s governance token, UNI.

A few days later, Apollo Global Management agreed to acquire up to 90 million governance tokens of decentralized finance protocol Morpho over four years, representing 9% of the token’s 1 billion total supply. The $940 billion asset manager said the agreement includes supporting Morpho’s decentralized lending infrastructure.