It’s All About Crypto Blog
Real BTC in Aave? Not Quite
Babylon Labs has proposed integrating its technical solutions into Aave v4, which would make it possible to use real Bitcoin as collateral for loans. At first glance, this could look like a solution to the problem Aave recently faced, when the hacker who exploited KelpDAO deposited unbacked tokens into an Aave collateral pool and left that pool with a massive hole. In...
How Are We Supposed to Use Crypto Now If It Keeps Getting Hacked?
Today, a major exploit hit the smart contracts that issue the USDR and EURR stablecoins. The attacker was able to mint 16.76 million USDR and 9.11 million EURR out of thin air, and then swap a portion of these unbacked tokens for other crypto assets. Have you noticed that hacks of this scale have started to feel routine? I follow crypto...
cirBTC: A Wrapped Bitcoin You Can't Redeem?
Circle has started rolling out its tokenized Bitcoin, cirBTC, currently on testnet. The product is being positioned as a wrapped Bitcoin designed for strict regulatory compliance. There are already plenty of wrapped Bitcoin products on the market - tokens backed by BTC held in custody by their issuers. On rabbit.io, users can exchange wrapped Bitcoin tokens such as WBTC on Ethereum...
The Forgotten Side of Bitcoin Pizza Day
When I picked up my order at a pizza place today, the girl behind the counter asked me whether my order had anything to do with Bitcoin Pizza Day. At first, I thought she guessed because of the number of pizzas I ordered - there were two of them. But it turned out that earlier that day, three different customers had already told her the story about "that...
Ethereum's Eternal Trade-Off
Dankrad Feist, a former Ethereum Foundation researcher and one of Ethereum's core developers, has proposed creating a new organization to replace the EF. In his view, the entity responsible for guiding the network's development should have a direct economic interest in ETH appreciating in value. It should hold a meaningful share of the supply - not just the...
Cardano Thinks Blockchain Can Fix AI
Today's announcement from Cardano Foundation about a course focused on AI and blockchain is quite intriguing. Cardano is approaching the intersection of these two technologies from an interesting angle. The idea is that AI systems make decisions every day based on data that cannot really be verified. It's hard to argue with that. Personally, I think a skilled expert...
Hermes Agent and the Democratization of Blockchain Analytics
Do you use Hermes Agent? It's a personal AI assistant that runs directly on your computer or phone, remembers past conversations and projects, executes tasks through the terminal and browser, sends and receives messages via Telegram, Discord, Matrix, and other messengers, and can also trigger automated actions on a schedule or when specific conditions are met. This is...
The Hidden Risk of Crypto Gaming Economies
A few days ago, I wrote about an update to Notcoin's game Pixel World - an update that effectively introduced a fairly serious crypto economy into the game world. At the time, I didn't yet know that almost on the very same day, another game with an even more sophisticated crypto economy had announced the end of its development. This...
DIEM: The Token That Gives You $1 a Day for AI Access
In my articles, I usually focus on the crypto assets you can swap on rabbit.io. But today's piece is about a token we don't list: DIEM, issued by Venice.ai. I just can't walk past this one, because there's genuinely a lot to talk about. DIEM has a unique usage model that makes it valuable to anyone who needs access to AI resources. You buy...
Crypto's Transparency Narrative Is Gaining Momentum
Yesterday, I wrote that Hyperliquid's claim about onchain exchanges being more transparent than exchanges with closed internal ledgers could become a turning point in how the crypto industry is perceived. And it seems I'm not the only one thinking along those lines. The next wave of this narrative arrived almost immediately. Today, Binance Research published a tweet...
