Crypto World
US appellate court mandate affirms Sam Bankman-Fried conviction

Three circuit judges disputed the former FTX CEO’s claims that the defunct crypto exchange’s investors could have been made whole and wouldn’t have experienced any losses.
Crypto World
Michael Saylor says ChatGPT helped Strategy raise $15B
Michael Saylor said ChatGPT helped him design the preferred stock financing model that enabled Strategy to raise about $15 billion for its Bitcoin-focused balance sheet.
Summary
- Saylor credited ChatGPT with helping develop Strategy’s preferred stock financing structure.
- Strategy raised about $15 billion through the securities and related capital-market activity.
- The company reported holding 842,138 BTC as of Aug. 2 after selling 1,638 BTC.
- Saylor said workers should use AI to extend their abilities rather than compete with automation.
ChatGPT helped shape Strategy’s financing plan
Strategy Executive Chairman Michael Saylor said he used ChatGPT to explore and develop a preferred stock financing model tied to the company’s Bitcoin strategy, according to an Aug. 6 Fortune report.
Saylor discussed the process during an interview with The Diary of a CEO. He said the AI chatbot helped him examine financing structures that Strategy later used to raise billions of dollars from investors.
“AI helped me create $15 billion,” Saylor said.
The figure reflects capital raised through Strategy’s preferred stock products and related financing rather than revenue generated directly by ChatGPT. The AI tool helped Saylor work through the structure, while investors, underwriters and company executives carried out the offerings.
Strategy has built a group of Bitcoin-backed preferred securities, including STRC, STRK, STRF and STRD. The products give investors different combinations of dividends, volatility and exposure to the company’s Bitcoin-heavy balance sheet.
Saylor urges workers to ‘harness the robots’
Saylor said AI is changing how individuals and companies create value. In his view, workers should focus on asking better questions and using machines to pursue ideas that would otherwise require more time or expertise.
“Don’t try to outwork the robots,” he said.
His comments frame AI as a tool that can expand human decision-making rather than merely replace repetitive work. Saylor argued that future entrepreneurs would gain an advantage by combining human judgment and creativity with the speed of AI systems.
The claim also provides a practical example of generative AI being used in U.S. corporate finance. However, ChatGPT-generated proposals still require legal, accounting, and regulatory review before a publicly traded company can use them to sell securities.
Strategy’s preferred shares carry different dividend obligations and risk profiles. Their performance remains closely connected to the company’s ability to manage its capital structure and its large Bitcoin position.
Strategy adjusts its Bitcoin treasury policy
Saylor’s comments come as Strategy has shown greater flexibility in managing its Bitcoin holdings.
An Aug. 3 Securities and Exchange Commission filing showed that the company sold 1,638 BTC for approximately $104.73 million between July 27 and Aug. 2. Strategy used $52.4 million to fund preferred stock dividends and $52.3 million to repurchase STRC shares.
The sale reduced Strategy’s holdings to 842,138 BTC as of Aug. 2. The company reported an aggregate purchase cost of $63.51 billion and an average acquisition price of $75,419 per Bitcoin.
On Aug. 5, Lookonchain identified another transfer of 1,030 BTC, worth roughly $66.14 million, from wallets it associated with Strategy. Strategy had not confirmed that the transfer represented another sale, and no later SEC filing had reduced its reported holdings when this article was prepared.
Strategy expands beyond Bitcoin financing
Strategy is also adding employee benefits as it develops its broader corporate operations. On Aug. 5, the company joined the Invest America Business Pledge and committed to contributing $250 annually to Trump Accounts for eligible children of its U.S. employees.
Eligible children born on or after Jan. 1, 2025, will also receive a one-time $1,000 company contribution matching the U.S. government’s initial deposit.
The next test for Strategy will be whether its preferred stock model can continue attracting investors while supporting dividend payments and protecting its Bitcoin holdings. Saylor’s account of using ChatGPT shows how AI influenced the model’s design, but its long-term performance will depend on capital-market demand, Bitcoin prices and Strategy’s execution.
Crypto World
Bitcoin ETF Inflows Rise After Coldcard Hack, Bloomberg Notes Unclear Link
Spot Bitcoin ETFs have seen a notable acceleration in demand over the past week, according to Bloomberg ETF analyst Eric Balchunas. Several major funds reported inflows on every trading day since a Coldcard wallet vulnerability exploit became public—an overlap that has sparked renewed discussion about whether some investors are reconsidering self-custody in favor of regulated products.
Balchunas’ tally attributes roughly $620 million in cumulative inflows to BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), Bitwise’s Bitcoin ETF (BITB), ARK 21Shares Bitcoin ETF (ARKB), and Defiance Daily Target 2X Long MSTR ETF (MSBT). His observations echo earlier streak reporting from Cointelegraph, which covered an ETF inflow run reaching similar magnitudes.
Key takeaways
- Bloomberg’s Eric Balchunas says multiple spot Bitcoin ETFs recorded daily inflows for the entire stretch since the Coldcard exploit.
- Balchunas estimates the combined inflows at roughly $620 million across named funds.
- TRM Labs linked the Coldcard incident to theft of more than $116 million in Bitcoin from over 5,200 wallet addresses.
- The timing has intensified debate over the relative operational risks of self-custody versus ETF custody through institutional providers.
- Crypto security concerns are evolving alongside more sophisticated cyberattacks, including AI-assisted exploits highlighted by industry reporting.
ETF inflow streak lines up with Coldcard exploit fallout
The current inflow momentum centers on a simple pattern: funds that track spot Bitcoin exposure have continued bringing in net new capital day after day following the weekend Coldcard exploit. Balchunas’ post on X points to inflows at IBIT, FBTC, BITB, ARKB and MSBT every trading day since the incident, totaling about $620 million.
While the overlap is striking, Balchunas was careful to avoid claiming causation. He said on X that the connection is unknown—adding that, “long-term I can’t imagine there aren’t some who migrate over.” That framing matters: investors may already be rotating toward ETFs for accessibility and compliance reasons, but the Coldcard event appears to have sharpened attention on how custody failures can materialize even when users follow “best practice” assumptions.
For readers, the key question is whether this is a temporary spike tied to headlines—or evidence of a more durable shift toward ETF custody. The only way to judge that will be to watch whether inflows persist if attention on the exploit fades, or whether the streak breaks.
What happened in the Coldcard incident, and why it resonated
The Coldcard exploit involved a vulnerability affecting certain wallet devices, leading to significant losses. According to blockchain intelligence firm TRM Labs, the incident drained more than $116 million worth of Bitcoin from over 5,200 wallet addresses.
That scale is part of why the debate has reignited across the industry. Self-custody has traditionally been framed as a way to reduce reliance on intermediaries. But security research and real-world incidents have repeatedly shown that self-custody is not a single risk level—it’s a system of risks spanning device firmware, user setup, operational processes, and the broader ecosystem that supports hardware wallet usage.
The Coldcard episode thus serves as a reminder that hardware wallet users can still be exposed when flaws exist below the user interface—particularly when vulnerabilities emerge that can be exploited without requiring the user to willfully do something unsafe.
Self-custody vs. exchange custody: CZ revives the “statistical safety” argument
The ETF timing has also fed into broader arguments about whether self-custody is truly “safer” on a population basis. Binance co-founder Changpeng “CZ” Zhao commented on the ongoing discussion, suggesting that storing crypto on centralized exchanges may be “statistically safer” than self-custody, pointing to data from analyst Willy Woo. CZ’s reasoning is based on the visibility of losses: exchange-related incidents are easier for observers to detect and document, while self-custody failures (including hacks and lost funds) may go unreported or be harder to quantify.
In a post on X, CZ noted that “Hack data is easier to collect on the CEX side, usually major news. It is harder on the self-custody side, where hacks, lost coins, etc are often not reported.”
The practical implication isn’t that all custody models are equally reliable. Instead, it highlights an asymmetry in measurement: even if self-custody failures occur frequently, the public record can undercount them relative to highly visible exchange events. For investors deciding how to allocate Bitcoin exposure, this creates a problem of incomplete information—one reason ETFs continue to attract interest as a middle path between direct custody and exchange-managed holding.
Cyber risk is shifting, and custody debates are following
The Coldcard exploit arrives as concerns about rapidly escalating cyber threats become harder to ignore. Industry reporting cited by Cointelegraph points to increasing AI-assisted attack capabilities, where adversaries can identify and exploit vulnerabilities faster than defenders can patch them.
For example, Cointelegraph reported that Bitcoin swap service Boltz suspended its non-custodial bridge, citing a steady rise in AI-assisted exploits that were enabling attackers to move faster than the team could remediate issues. While that incident is not the same as the Coldcard hardware vulnerability, it reinforces a larger theme: attackers are increasingly benefiting from automation and speed—meaning the security burden on individuals and small teams can become disproportionately heavy.
That matters for custody decisions because self-custody security is often treated as a “set and forget” activity. In reality, device maintenance, software/firmware updates, environment hygiene, and broader operational discipline all require ongoing attention. If the threat landscape is accelerating, the gap between what users can comfortably manage and what attackers can probe may widen.
How investors should think about the ETF streak from here
Even if the Coldcard timing played a role in investor behavior, it may not be the only driver of ETF flows. ETFs already offer regulated access, standardized custody arrangements with institutional-grade processes, and simplified onboarding compared with direct device ownership and operational management.
The next test is persistence. Readers should watch whether daily inflows continue beyond the immediate news cycle and whether new inflow streaks emerge alongside future security incidents. If inflows remain strong while headlines fade, it would suggest that some capital is moving for structural reasons. If inflows taper quickly, the streak may reflect near-term sentiment shifts rather than a lasting change in custody preferences.
Crypto World
XRP vs PI vs ADA: 3 AIs Speculate Which Will Perform Best in the Next Bull Market
Ripple’s cross-border token has fallen by 65% over the past year, while Pi Network’s PI and Cardano’s native cryptocurrency have crashed by around 73% over the same period. This has happened amid a prolonged bear market that has caused the entire market to bleed heavily.
Yet, many analysts believe that a new bull run may begin in the coming months, while the four-year cycle supports their theories. On that note, we asked three of the most popular AI-powered chatbots whether XRP, PI, or ADA will perform best when everything starts booming again.
XRP’s Chances
According to Perplexity, Ripple’s cryptocurrency has the cleanest risk-adjusted setup to outperform during the next bull run. The chatbot claimed the asset is quite trending among institutional investors and noted that it is perhaps the most popular among the trio.
“XRP is favored to deliver the most consistent, risk-adjusted gains among the three, with a realistic path to new cycle highs if ETF and payments narratives stay hot,” it added.
Perplexity also reminded that Ripple’s legal battle with the US Securities and Exchange Commission (SEC) has long been resolved, and that the absence of regulatory uncertainty can only benefit XRP during a potential market uptrend.
Additionally, it highlighted the company’s global expansion, major investments, and strategic partnerships inked over the past several months that have solidified its presence in the financial and crypto sectors. One of the biggest acquisitions came in April 2025 when Ripple purchased the prime broker Hidden Road for $1.25 billion.
Examples of its broader international growth include the collaboration with the South Korean KBank, which plans to use Ripple’s network and infrastructure, as well as the entity’s ability to secure a MiCA license and continue its operations in the European Union.
ADA’s Potential
ChatGPT agreed with Perplexity that XRP has the strongest institutional foundation. It noted that it is the largest cryptocurrency of the three with deeper liquidity but at the same time argued that it might find it difficult to achieve larger returns than ADA in a future bull run.
OpenAI’s platform claimed that Cardano’s token could be the best overall bet after noting that a huge chunk of the total supply is already in circulation, which makes the risk of dilution less than with XRP and PI.
It predicted that in an “extreme euphoria” case, ADA could skyrocket to as high as $5. It is important to mention that the asset has enjoyed a solid revival over the past week, with its price rising by roughly 17%. Its positive performance comes on the back of whale accumulation and renewed interest from traders, while many analysts think a much more substantial upswing could be on the way.
PI: The Moonshot Bet
Google’s Gemini claimed that XRP and ADA both have chances to rally hard during the next bull run, yet it set its attention on Pi Network’s cryptocurrency.
It said the controversial project has one of the largest community bases in the crypto world, adding that it has the potential to experience a whopping 100x explosion should it solve its ecosystem issues and get listed by the leading exchanges.
Recall that Binance hinted at such a move last year but has not yet done so. Coinbase, Bybit, and many other well-known names also prefer to stay away from PI at the moment.
The post XRP vs PI vs ADA: 3 AIs Speculate Which Will Perform Best in the Next Bull Market appeared first on CryptoPotato.
Crypto World
Copper jumps to its highest level ever. What the metal is telling us
An open-pit copper mine at Asarco’s Mission Mine Complex in Sahuarita, Arizona, US, on Friday, March 6, 2026.
Rebecca Noble | Bloomberg | Getty Images
Copper surged to a record high Thursday, but the latest rally comes against a more mixed growth backdrop, making the once-reliable gauge of economic health, “Dr. Copper,” harder to read.
U.S. copper futures climbed to around $6.90 a pound Thursday, extending a rally in a metal used for construction, electronics, transportation and even AI applications. It then retreated to end the session after touching the new high.
But instead of simply indicating stronger global growth, today’s record price could be reflecting a combination of constrained supply, heavy grid investment, uncertainty around U.S. tariffs and rising demand for electrification.
In the past, the metal was seen as a gauge on whether global economic activity was ramping up.
“The underpinning story of elevated copper prices has been data center and power grid demand to support the rapid AI industry expansion,” William Osnato, Barchart director of commodity data research and analysis, told CNBC in an email, adding that surge in copper demand is “more acute and not the traditional broad economic growth that supports copper.”
Copper’s price surge is also due to its limited supply and mining it is an expensive business and setting up new mines can take about 10 years, which can also slow down supply of the red metal.
Michael Widmer, Bank of America’s head of metals research told CNBC that the move wasn’t really driven by copper demand but really driven by copper supply.
Widmer said there is not a lot of mine supply growth and supply disruptions have been creating additional constraints. Mine growth has been weak, with disruptions in Chile, the world’s biggest single copper producer. Heavy snow, rainfall and high winds have disrupted mining operations in the region.
Potential U.S. Section 232 tariffs and China’s crackdown on the availability of scrap copper have also tightened global supplies in 2026. Last year in June, President Donald Trump signed a proclamation to impose 50% tariffs on imports of semi-finished copper products and copper-intensive derivative products.
Demand for copper has remained firm and is also closely tied to increased electrification rather than an economic boom.
In the first half of this year, China’s grid investment was up 13% year over year and the country recently announced an ambitious plan to invest approximately $574 billion in power grid upgrades.
Thursday’s move, however, came only after the news that Democratic Republic of Congo was officially banning copper and cobalt concentrates exports to encourage more domestic processing.
Osnato said supply disruptions have been pushing consumers to pull metal out of London Metal Exchange warehouses and this is driving up refining costs.
“It is definitely a new situation for Dr. Copper,” he said.
Crypto World
Analyst Forecasts Ethereum Rally to $3K After Key On-Chain Breakout
Crypto analyst Ali Martinez said on August 6 that Ethereum’s recent move above a major MVRV pricing level could open the way toward a $3,000 target.
The market watcher’s view is based on historical on-chain patterns that have previously appeared before major ETH recoveries, though resistance levels remain ahead.
Ethereum Reclaims MVRV Level as Analysts Watch $3K Target
“ETHEREUM IS HEADING TO $3,000,” Martinez announced in a post on X.
He said the asset turned bullish after breaking above its 0.8 MVRV Pricing Band near $1,800 and explained that this level has historically acted as a point where ETH goes from weakness into recovery phases.
The move followed an earlier July 6 post from the analyst, where he had identified $1,800 as the level Ethereum needed to clear. At the time, ETH was testing that area as resistance, with a successful daily close above it expected to increase the chances of a move toward its Realized Price.
In his August 6 post, Martinez confirmed that the world’s second-largest cryptocurrency had since reclaimed the MVRV as support. According to him, similar recoveries over the last six years have often led Ethereum toward, or above, its Realized Price, which currently sits near $2,300.
He also pointed to an MVRV Momentum golden cross that formed after ETH’s recovery, with previous signals of this type being followed by rallies of 50%, 166%, 74%, and 113%. The metric compares Ethereum holder profitability with its 160-day moving average and is used by analysts to track shifts between selling periods and recovery phases.
The asset was trading around $1,900 at the time of writing after rising 1.6% in the last 24 hours. It has gained almost 7% over the last 30 days but remains down more than 47% over the last year. ETH reached an all-time high near $4,950 in August 2025 and is still around 62% below that level.
According to Martinez, the $3,000 area is the next major target if buying pressure continues. The analyst pointed to on-chain transaction data showing more than 10 million ETH previously changed hands around that price, making it a major resistance zone.
Market Watches Ethereum’s Breakout Attempt
Other traders have also focused on Ethereum’s recovery, with trader Ted Pillows saying it could move toward $2,000 if it holds the $1,800 region following an 18.5% jump in July, adding that the fact that there was spot buying activity was a positive sign.
Michaël van de Poppe also said holding $1,800 could lead to a move above $2,000 and then toward $2,300.
Some traders believe a stronger ETH move could improve sentiment across the wider market, possibly affecting the next phase for altcoins, although that depends on whether Ethereum can continue breaking through resistance levels.
For now, Martinez’s $3,000 forecast relies on ETH maintaining its MVRV breakout and continuing the pattern seen in previous cycles. According to him, the next areas traders should be watching are around $1,980 to $2,080, followed by the $2,773 region he had mentioned in a previous update.
The post Analyst Forecasts Ethereum Rally to $3K After Key On-Chain Breakout appeared first on CryptoPotato.
Crypto World
The Chaos and Cruelty of ICE

Within the span of just six days, immigration enforcement agents fatally shot two more people, Lorenzo Salgado Araujo in Texas and Johan Sebastián Durán Guerrero in Maine. Their deaths are not an aberration, they’re an indictment: President Donald Trump’s mass deportation machine is deadly and wreaks havoc on American streets every day.
Juiced by tens of billions in funding from Congress, the Trump Administration has amassed thousands of law enforcement personnel and deployed them in a nationwide “surge”—with a public mandate to deport one million people per year, regardless of the chaos their actions cause in American streets. These latest shootings, which Immigrations and Customs Enforcement (ICE) now admits took the lives of people who weren’t even their intended targets, reveal the sloppy, reckless, and cruel results of the Trump Administration’s unprecedented arrest escalation.
The New York Times reports that six other people have been fatally shot by Immigration and Customs Enforcement (ICE) since the start of President Trump’s second term, as the agency pursues aggressive arrest quotas. Without change, this pattern of reckless enforcement threatens to become the go-to playbook for immigration enforcement for years to come.
A new report from the ACLU only provides more clarity on ICE’s track record of lawlessness, as ICE and the agents working for it are operating under new norms that put people in danger, undermine our basic freedoms, and are already changing the nature of American life for the worse. Through a detailed accounting of more than 1,200 enforcement incidents across eight states in 2025, the report found that immigration agents routinely used violence and the threat of physical force against those they encountered to compel immediate obedience to their commands, not because they faced serious threats to their own safety.
Our report identifies 418 times agents shoved, tackled, or pinned people; 76 times they pulled people from cars; 130 times they brandished weapons and 69 times, they verbally threatened to use weapons or force; 361 times they pepper-sprayed or used other chemical irritants on people; and 81 times they used tactics so dangerous that they’re sharply prohibited by many law enforcement agencies because they’re deadly, such as chokeholds and grabbing people by the neck.
When armed officers begin encounters with force as a default tactic, it puts lives at risk. A minor stop, confusion, or an attempt to drive away can become deadly in seconds. Injury and death are not just accidents—they are risks created by the method of enforcement itself. The dangers have only magnified as immigration agents moved their operations into the spaces of everyday public life—where people live, work, commute and go to school—exposing anyone who may happen to be in the vicinity to the disruption and violence. For instance, children are often caught in the cross-hairs. We identified more than 200 who were detained or subjected to law enforcement misconduct, including 32 U.S. citizen children.
In this way, violent immigration enforcement isn’t just a threat to public safety, it’s a threat to the very cornerstone of our democracy. Research from the ACLU identified 782 people who were watching, documenting, protesting, or otherwise bearing witness and were targeted, detained, or subject to law enforcement misconduct. This, we determine, is an attack on the First Amendment, effectively suppresses free speech, and threatens to roll back civil liberties.
These findings should worry all Americans. The Trump Administration has turned the nation’s largest federal law enforcement agencies into a kind of paramilitary force, threatening the rights and safety of communities across the country. In the brutal and swift pursuit of its ambition to achieve 100 million deportations—approaching a third of our nation’s population—this deportation force has fundamentally reshaped American life.
The White House should de-escalate its enforcement surge. But without serious, lasting reform, everyday places will remain danger zones for immigrants and U.S. citizens alike, and deaths and serious injuries will continue. It’s time to replace ICE, an agency that was conceived about a quarter century ago and has proven reckless and unaccountable, with a new system designed to manage immigration effectively. We must bring our neighbors and loved ones out of the shadows, and on a path to citizenship and to undisputed, full protection under our laws. This new agency should be charged with a mission to keep families together, support all our communities to thrive, and uphold our rights—not attack them.
Mr. Salgado Araujo and Mr. Durán Guerrero are not the first people to be killed by ICE agents, but they must be the last.
Crypto World
MetaMask unveils AI wallet with $10K loss protection
MetaMask has launched Agent Wallet, a self-custodial product that lets AI agents execute on-chain transactions while operating within limits set by users.
Summary
- Agent Wallet supports autonomous transactions across EVM-compatible networks and Hyperliquid.
- Users can impose spending caps, protocol restrictions, and risk settings before an agent begins operating.
- Eligible transactions receive up to $10,000 in monthly Transaction Protection, subject to MetaMask’s terms.
- The wallet supports AI development tools including Claude Code, Codex, Cursor and OpenClaw.
MetaMask Agent Wallet gives AI agents controlled access
MetaMask announced the wider launch of Agent Wallet on Thursday after introducing the product to roughly 200 early-access users in June.
The wallet targets traders and developers who use AI agents to monitor markets, identify opportunities and execute on-chain strategies. Supported activities include token swaps, perpetual futures trading, prediction market positions and liquidity provisioning.
Agent Wallet works with Claude Code, Codex, Cursor, OpenClaw, Hermes and OpenCode. Users can deploy agents across Hyperliquid and supported Ethereum Virtual Machine networks, according to MetaMask.
Unlike systems that give an AI model unrestricted wallet access, Agent Wallet lets users establish rules before funding the account. These include daily spending limits, approved protocols and broader risk preferences.
“This security-first model is why Agent Wallet is built around rules, not blind delegation,” MetaMask said. “The agent can act, but it acts inside the user’s boundaries.”
Users remain in control of their private keys and can export their secret recovery phrase, preserving the wallet’s self-custodial structure.
Guard Mode and Beast Mode offer different controls
Agent Wallet includes two operating settings based on how much autonomy a user wants to give an AI system.
Guard Mode is the default option. Transactions that exceed spending limits, interact with unapproved protocols, or violate another wallet policy pause for human approval through two-factor authentication. Users can review and approve the request through MetaMask Mobile or an email link.
Beast Mode reduces the number of approval interruptions for experienced traders and developers. Security checks remain active, while transactions identified as potentially malicious still require human authorization.
The wallet also uses gas abstraction. Agents can transfer or swap tokens without holding the network’s native asset to cover transaction fees. MetaMask instead settles the fee using the asset being moved.
“Agents can transfer and swap without holding a chain’s native token for gas; MetaMask settles the network fee in the token being moved.”
Transaction protection covers eligible losses up to $10K
Supported EVM transactions pass through simulation, threat scanning, and MetaMask’s Smart Transactions protection against maximal extractable value risks before reaching the blockchain.
Transactions that clear these checks may qualify for up to $10,000 in Transaction Protection coverage per month if they still result in a loss. The protection is subject to eligibility requirements and does not mean every trading loss, failed strategy, or unsupported transaction will receive reimbursement.
The distinction matters because autonomous trading remains exposed to market volatility, smart-contract failures, and incorrect instructions. Wallet-level limits can restrict what an agent is authorized to do, but they cannot eliminate every financial or technical risk.
MetaMask said the system is designed to prevent AI agents from overriding user policies, reducing reliance on the agent interpreting each instruction correctly.
MetaMask joins the race for AI-powered finance
The launch places MetaMask in competition with other crypto companies developing payment and trading infrastructure for autonomous software.
U.S.-based Coinbase introduced Agentic Wallets in February, giving AI systems programmable tools to spend, earn, and trade with built-in guardrails. MoonPay has also expanded MoonAgents, including a Telegram-based interface for managing crypto through natural-language commands.
Agent Wallet also extends MetaMask’s move beyond a standard browser wallet. In June, the company launched Money Account, a self-custodial account built around mUSD that combines variable DeFi yield, trading and card spending through one balance.
MetaMask has not introduced a native token alongside Agent Wallet. Adoption will instead depend on whether traders and developers are willing to give autonomous systems limited authority over real on-chain capital.
Crypto World
a16z's Miles Jennings Says Banks Fighting the CLARITY Act Are 'Accelerating Their Own Obsolescence'

a16z crypto policy head Miles Jennings argued on X on Thursday that the banking industry's campaign against the CLARITY Act will backfire, because blocking the bill leaves in place the stablecoin yield arrangement banks have lobbied hardest to stop. "The bewildering thing about TradFi's extreme… Read the full story at The Defiant
Crypto World
Everything We Know About the Explosive Drone Found at German Airport
Minor damage was observed on the aircraft after it landed in Hanover, the capital city of Lower Saxony, Germany.
The southern runway at Leipzig/Halle reopened on Wednesday at 6:46 p.m, local time, an airport spokesperson told TIME, adding that “flight operations have been running without restrictions” since then.
What have German officials said about the incident?
Dobrindt said Germany’s authorities are investigating what appears to be “a professional” explosive device. “We are not dealing with amateurs, but with professional actors,” he stated.
Saxony’s Interior Minister Armin Schuster told ZDF he would describe the incident as “a suspected attack scenario, because this is the first time we’ve had a drone that was also loaded with explosives.”
German authorities have stated that the perpetrators of the incident at the airport have not yet been identified.
Roderich Kiesewetter, a member of the German Bundestag, said he is “assuming” the incident was a “targeted attack attempt directed by Russia” and suggested Germany “initiate Article 4 consultations in NATO.”
Crypto World
The Wild True Story Behind Monsters of God

As a lifelong lover of reptiles, Eric Goode has known about the world of exotic reptile smuggling for decades. “I didn’t become acutely aware of the criminality of it until probably into the late ‘80s,” says the director of Tiger King and Chimp Crazy ahead of his latest documentary, another foray into wildlife crime, Monsters of God. The five-episode HBO series is Goode’s most ambitious project to date, surveying the explosion of endangered reptiles trafficked into the country in Florida from the 1970s until today. The series guides us through the web of feuding smugglers and law enforcement crackdowns that connect the Sunshine State to the fauna of Madagascar, Indonesia, Malaysia, and many more countries.
Through remarkable archival footage and an incredible range of interviews, Monsters of God digs into the egotistical and ruthless mentalities that supported competing criminal empires and the undercover operations that dismantled them. The series points a finger at animal lovers who felt uniquely connected to exotic creatures while also treating them as a commodity to be exploited and abused.
“We were really intentional about not making it a traditional true crime doc,” says Jeremy McBride, an executive producer on the series. “It’s really a portrait of how obsession drives people to get the rarest of the rare, no different than the pathology of people collecting baseball cards, or stamps, or rare coins.” There is one difference: baseball cards can’t bite.

The introduction to Monsters of God’s stolen world
Monsters of God’s first episode, airing Aug. 6, ushers us into the world of reptile smuggling through a major rivalry: Tommy Crutchfield and Hank Molt. Based in Philadelphia, Molt’s obsession with exotic climates and wildlife led him to search the world for exotic reptiles in the 1960s and sell them from his newly acquired Pennsylvania pet store. Molt is considered a crucial figure in the growth of reptile houses in American zoos, which at the time were a rare attraction. He prepared and distributed a price list of rare reptiles—including snakes, turtles, lizards—and sold them to a wide variety of eager customers and competitive zoos. Molt often carried them into the country in suitcases, easily circumventing the relatively lax customs regulations. When the Endangered Species Act came into effect in 1973, Molt’s smuggling business boomed—declaring a reptile species as “endangered” also meant it was rarer and more valuable, allowing Molt to fetch a higher price.
In Molt’s view, Crutchfield rode his coattails. Crutchfield is a Florida native whose introduction to the reptile business began in high school capturing snakes for the “Snake-a-torium” in Panama City Beach. As the smuggling market grew, Crutchfield graduated to the big leagues by mimicking Molt’s established business plan, selling smuggled reptiles to collectors, pet owners, and zoos. Crutchfield and Molt’s rivalry is explored in the book Stolen World by Jennie Erin Smith—like Monsters of God’s first episode, the author uses the two men as a window into how smuggling has fuelled the popularity of reptiles in modern America.
Crutchfield is also a certified braggadocio, at one point referring to himself as “John Dilligenger, Bonnie and Clyde all wrapped up in one”. But it’s true that his criminal activities attracted serious heat—in 1997, the threat of his third round of criminal charges as part of the United States Fish and Wildlife Service (USFWS) five-year-long “Operation Chameleon” made Crutchfield flee to Belize.
When Molt went to prison at the tail end of the 1970s, Crutchfield took his place at the top of the food chain—something his former mentor resented when he was released. According to Maria Palladini, former special agent for the Fish and Wildlife Service, Molt had a habit of taking couriers and dealers under his wing only to betray them. While Crutchfield’s business was soon dominating Molt’s—raking in millions in reptile sales and trades every year—his reckless spending and imports soon put him squarely in the Feds’ crosshairs.
In 1995, Crutchfield asked Molt to help hide an import of endangered Fiji Island iguanas so they weren’t discovered by the Fish and Wildlife Service. Molt agreed—and according to Crutchfield, Molt took his revenge by killing the iguanas. (Molt denies causing them harm.) When USFWS informed Molt he was being charged along with Crutchfield, Molt handed over the dead iguanas and cut a deal to avoid being charged. Crutchfield pled guilty—his second of three criminal convictions in the ‘90s—and cut all ties with Molt.

Monsters of God’s wider gallery of rogues
Don’t expect Tommy and Hank to lead every episode of Monsters of God. Rather than zeroing in on one unstable dynamic like Goode did in Tiger King and Chimp Crazy, Monsters of God expands its scope to the entire reptile trafficking ecosystem throughout the ‘80s and ‘90s.
“This was more of a history lesson about the reptile trade in the United States, so it was a very different kind of storytelling—much more nuanced and complex,” says Goode. “We also really wanted to make sure that we got all sides of the story: law enforcement, the big zoos that were complicit, the reptile dealers, the consumers. It was a global story.”
Subsequent episodes reveal who defined Florida’s exotic reptile trade. Ray Van Nostrand, a New York-born collector and seller who moved to Florida in the ‘70s, took advantage of the power vacuum left by Crutchfield and Molt and smuggled huge quantities of illegal reptiles into the country. His son Mike—one of Monsters of God’s most memorably cantankerous interviewees—took over with a legal, legitimate reptile selling business, euphemistically named “Strictly Reptiles,” until he too was tempted by smuggling’s illicit rewards.
But this went way bigger than just reptiles. Ray was in business with returning Tiger King character Mario Tabraue, a “Cocaine Cowboy” druglord with his own exotic animal sanctuary who would smuggle both reptiles and drugs into Florida in the same shipments. On the other side of the law is former DEA agent Larry Loveless and USFWS special agents George Morrison and Ken McCloud, whose respective “Operation Cobra” and “Operation Chameleon” form a clear dramatic backbone to two episodes.
But all these smugglers pale in comparison to Anson Wong, a Malaysian smuggler who was dubbed the “Pablo Escobar of animal trafficking.” Wong had been smuggling illegal animals and products through his export company based in Penang since the ‘80s and gained a reputation as an incredibly elusive and dangerous figure. Wong haunts the stories of the Floridian smugglers, connected to many of the feuds and undercover operations. He emerged as the thread on Goode’s evidence board, tying together the pieces of the director’s most complex documentary so far.
“We had over 174 interviews. We had 1,500 hours of footage. We had Eric’s personal archive and research. We needed a pace that could get people through it, we needed this propulsion, and Eric’s quest trying to get to Anson Wong is that propulsion. Anson Wong is this sort of throughline in all of our characters’ stories, like Keyser Söze,” says McBride.

Monsters of God was a different beast to produce
Each episode of Monsters of God is packed with talking heads who talk candidly about their criminal exploits and feuds, but that doesn’t mean it was easy to get them all to talk—compared Joe Exotic and Tonia Haddix, the subjects of Tiger King and Chimp Crazy, the reptile community is far more paranoid. “Joe and Tonia were unique in that way, where they just wanted to be peacocks. They desperately wanted the attention. The reptile world, for the most part, is much more guarded,” says Goode.
While some people had ongoing charges and declined to speak until their cases were adjudicated, others had already been convicted and were willing to talk because double jeopardy protected them from being charged a second time. Others were happy to put everything on the table. “Hank Molt was proud that he could smuggle the way he did, he enjoyed circumventing the laws, and he liked that there were laws because it made it more of a challenge, like Catch Me If You Can with Leonardo DiCaprio,” explains Goode.
In Tiger King and Chimp Crazy, the wildlife crimes spiralled out of control while cameras were rolling. “The story unraveled contemporaneously with the filming, so we didn’t know that Joe Exotic was going to try to kill Carol Baskin, that he would get arrested and go to prison. We just happened to be filming different people, and then they all intersected in real time,” says Goode. By contrast, Monsters of God is interested in how the present was shaped by history, so it’s exclusively concerned with reconstructing the past.
The sheer breadth of the material meant that, according to McBride, the shape of each episode wasn’t clear at first, leading them to evolve their true crime storytelling. “What makes this series so distinctive is this psychological character study and this high-stakes true crime documentary, and within all of that, you have this chronology that we analyze with bigger themes involving the extinction crisis and our impact on this planet,” says McBride. “We wanted to draw these big ideas to an everyday person and how it touches their life, how this world overlaps with culture and criminality in a way that a lot of shows don’t touch on.”

The beating heart of Monsters of God
“This story for me is deeply personal,” Goode says in voiceover at the beginning of the series. “I was part of the problem.” But he was definitely the right man for the job: while Goode used to buy reptiles from shady dealers, he had turned a new page by 2003, when he co-founded The Turtle Conservancy to protect the many species of turtles who risk extinction from poachers and smugglers. His reptile expertise made him the ideal filmmaker to handle the cautious and shifty characters wary of appearing on camera—as Goode says, “I can speak their language about reptiles very fluently.” He knows the history of exotic animal collections and menageries in America and Europe, and the hypocrisy displayed by the subjects of Monsters of God—on both sides of the law—infuriates him.
Monsters of God expands on a theme from Goode’s previous docs—that a cultural obsession with rare animals leads to rampant commodification that exploits wildlife, encouraging animal lovers to embrace becoming consumers in a violent and exploitative transaction. Although Monsters of God looks to history, Goode isn’t convinced enough has been done to stop wildlife from being commodified. “It’s become more popular because of pop culture. Films like Jurassic Park can trigger these things. Finding Nemo—everyone wanted to buy a clownfish. Or Harry Potter. When I went to Southeast Asia, all the bird markets in Jakarta had baby owls everywhere. Hopefully this show doesn’t fuel interest in reptiles and bring in more illegal animals.”
-
Fashion6 days agoWeekend Open Thread: Wit & Wisdom
-
Politics6 days agoMeta enters AI-training agreement with far-right ‘propaganda rag’ Newsmax
-
Politics4 days agoZack Polanski: an incitement to murder Nigel Farage?
-
Crypto World5 days agoMicroStrategy Post-Earnings CLARITY Act Push Could Add New Catalyst for Its Stock
-
Crypto World6 days agoXRP Ledger v3.3.0 brings five institutional features
-
Sports7 days agoSeema Kaliramna Wins Discus Throw Bronze, Takes India’s CWG Medals Tally To 17
-
Crypto World6 days agoNew York sues Kalshi over prediction market gambling
-
Crypto World4 days agoCrypto PAC spending tops $2M in Michigan House race
-
Business4 days agoDTCR: Deleveraging And A Hedge Fund Collapse Point To A Possible AI Bottom
-
Business6 days agoTrump Announces Hamas Disarmament Agreement as Iran Strikes Kuwait Air Base and US Attacks Pause Overnight
-
Crypto World6 days ago3 Fed Officials Just Explained Their Rate Hike Vote: Is Inflation Winning?
-
Tech5 days agoESET tracks rise in malicious AI skills and adaptable malware
-
Tech6 days agoGemini Spark can now use Chrome logins and saved passwords to run errands on your behalf
-
Tech6 days agoBuilding A Reproduction PlayStation Motherboard
-
Sports5 days agoFrance Cricket implodes: letters hidden in a drawer and a board at war
-
Crypto World4 days agoXRP Ledger urges node upgrade after manifest flood
-
Crypto World6 days agoMoneyflip CEO charged in $40K murder-for-hire plot
-
Sports6 days agoBruno Fernandes decision made as Man United ‘discuss’ striker transfer option
-
News Videos5 days agoFinancial Crash Expert: The 90-Day Collapse Timeline They Are Desperately Hiding.
-
NewsBeat7 days agoSpain sending troops as thousands enter enclave of Ceuta from Morocco

You must be logged in to post a comment Login