Saylor’s Long-Term Bitcoin Bet Michael Saylor, the Chairman and co-founder of MicroStrategy, continues to be a vocal advocate for Bitcoin. His company has famously adopted a strategy of accumulating Bitcoin, and Saylor often expresses his bullish outlook on the cryptocurrency’s future. Bitcoin’s Recent Performance Bitcoin has recently experienced a significant price increase, leading to renewed … Continue reading "Michael Saylor Remains Bullish as Bitcoin Surges" The post Michael Saylor Remains Bullish as Bitcoin Surges appeared first on Cryptoknowmics-Crypto News and Media Platform .
In the rapidly evolving world of artificial intelligence, especially concerning AI coding tools , developer sentiment plays a crucial role. Recently, a notable incident involving Anthropic’s Anthropic Claude Code has highlighted the stark differences in approach compared to rivals like OpenAI and their OpenAI Codex CLI , leading to significant developer discussion and some backlash. The Clash of AI Coding Tools Anthropic’s Anthropic Claude Code and OpenAI’s OpenAI Codex CLI are designed to empower developers by allowing them to leverage powerful cloud-based AI models for coding tasks. Both tools aim to capture developer attention and integrate AI into the software development workflow. Released relatively close to each other, they represent a race to dominate the ‘agentic’ coding tool space, where AI acts more autonomously to assist developers. However, their rollout and underlying philosophies differ significantly, particularly regarding accessibility and licensing. This difference became a focal point when a developer attempting to understand and modify Anthropic Claude Code received a legal challenge. The Takedown Notice and Developer Reaction The core issue revolves around licensing and source code access. While OpenAI released the source code for its OpenAI Codex CLI under the permissive Apache 2.0 license, allowing for broad distribution and commercial use, Anthropic Claude Code operates under Anthropic’s commercial license. This license is more restrictive, limiting modifications without explicit company permission. Adding to the contrast, Anthropic also ‘obfuscated’ the source code for Anthropic Claude Code , making it non-transparent and difficult to examine. When a developer successfully de-obfuscated this code and published it on GitHub, Anthropic responded by filing a DMCA (Digital Millennium Copyright Act) complaint. This copyright notification requested the immediate removal of the de-obfuscated code. This move by Anthropic did not sit well with the developer community. On social media platforms, many developers expressed their disappointment and drew unfavorable comparisons to OpenAI’s approach with OpenAI Codex CLI . The incident sparked conversations about transparency, open source principles, and how AI companies should engage with the developer ecosystem. Comparing Approaches: Licensing and Goodwill The licensing model is a critical differentiator influencing developer goodwill: Anthropic Claude Code: Uses a commercial license. Source code is obfuscated. Modification requires explicit permission. OpenAI Codex CLI: Uses an Apache 2.0 license. Source code is open and available. Allows for distribution and commercial use. In the short time since OpenAI Codex CLI ‘s release, OpenAI has actively engaged with developers. They have merged numerous community suggestions into the tool’s codebase. Notably, they even incorporated a suggestion allowing OpenAI Codex CLI to utilize AI models from rival providers, including Anthropic’s own models. This openness and willingness to integrate community contributions and support a multi-model environment has garnered positive sentiment among developers, contrasting sharply with the reaction to Anthropic’s takedown notice. Potential Reasons and Future Outlook for AI Licensing While the takedown notice generated negative PR for Anthropic, there are potential reasons for their approach. Anthropic Claude Code is still in beta, and like many beta products, it may be buggy or incomplete. Companies sometimes obfuscate code for security reasons or to protect intellectual property during early development phases. It’s possible Anthropic may decide to release the source code under a more permissive license in the future as the tool matures. However, the incident also represents a somewhat surprising PR win for OpenAI. In recent times, OpenAI has often been perceived as moving away from open-source releases towards more proprietary products. This moment, showcasing their comparative openness with OpenAI Codex CLI , might signal a shift in strategy. OpenAI CEO Sam Altman has previously commented on the company being on the ‘wrong side of history’ regarding open source, suggesting a potential internal re-evaluation of their approach. The Importance of Developer Tools in the AI Race The competition between companies like Anthropic and OpenAI extends beyond just developing powerful AI models; it includes building the surrounding developer tools and ecosystems. The ease of use, flexibility, and licensing terms of these tools significantly impact adoption and developer loyalty. Incidents like the Anthropic Claude Code takedown highlight the importance of transparency and community engagement in building successful developer platforms. For the crypto community, which often values decentralization and open source principles, this situation resonates deeply. The debate over open versus closed AI models and tools mirrors discussions about open versus closed blockchains and protocols. The choice of AI licensing directly impacts innovation, accessibility, and the power dynamics between large corporations and individual developers. Conclusion: Navigating the Future of AI Developer Tools The incident involving Anthropic’s takedown notice for Anthropic Claude Code serves as a valuable case study in the competitive landscape of AI coding tools . While Anthropic’s reasons may include beta status or security, the move has contrasted sharply with OpenAI’s more open approach with OpenAI Codex CLI , leading to a clear difference in developer sentiment. As AI continues to integrate into software development, the strategies employed by companies regarding licensing, transparency, and community engagement will be critical in shaping the future of developer tools and influencing who wins the trust and adoption of the developer community. To learn more about the latest AI market trends, explore our article on key developments shaping AI models institutional adoption.
Transnational cybercrime gangs in Southeast Asia continue to grow, expanding their reach through crypto and custom blockchain services, the UN reports. Cybercrime syndicates in Southeast Asia are really stepping up their game, and crypto is right at the heart of their growing scams. Even though authorities have been cracking down, these criminal networks are spreading globally, creating a tangled mess from Myanmar to Mexico , according to a United Nations report . The data shows that Southeast Asia has become home to some of the world’s largest and most profitable cybercrime operations, with cryptocurrency playing a central role. According to the report, the regional cyberfraud industry has outpaced other transnational crimes, given that it is easily scalable and able to reach millions of potential victims online. Expansion of select sites hosting cyber-enabled fraud operations, 2022 — 2025 | Source: The UN The report estimates that up to $37 billion was lost to cyber fraud in East and Southeast Asia alone in 2023, with a significant portion of those losses linked to crypto scams. Benedikt Hofmann, the UN’s acting regional representative for Southeast Asia, told Reuters in a commentary that the operations spread “like a cancer.” Shady stablecoins The shift, largely facilitated by the pseudoanonymity and global reach of cryptocurrencies, has made it increasingly difficult for governments to contain the issue. As law enforcement intensifies its efforts in known scam centers, networks are simply relocating to more remote locations or moving operations online, often using technologies like Starlink satellite internet to bypass government crackdowns. “This [scale of Southeast Asia’s scam network] has extended far beyond the construction and management of physical scam centres to include online gambling platforms and software services, unlicensed payment processors and cryptocurrency exchanges, encrypted communications platforms and, most recently, stablecoins, blockchain, networks, and illicit online marketplaces, often controlled by the same criminal networks.” The United Nations Office on Drugs and Crime In the report, the UN also highlighted the growing use of illicit cryptocurrency exchanges to fuel these scams. One such platform, Huione Guarantee — now rebranded as Haowang — has become a central hub for cyber-enabled fraud. Value of estimated crypto inflows of largest illicit online marketplaces of all time | Source: The UN The platform, which is linked to Cambodia and several other countries, has processed tens of billions of dollars in cryptocurrency transactions since 2021, the report reads. It has become so big, it has even recently launched a range of its own cryptocurrency-related products including a cryptocurrency exchange and trading application, online gambling platform, blockchain network, and even “U.S. dollar-backed stablecoin designed to circumvent government controls,” the report reads. You might also like: Huione, company behind largest illicit online marketplace, launches stablecoin: report The scale of this cybercrime network is staggering. As of the latest data, Huione Guarantee has grown to more than 970,000 users, many of whom are involved in illicit activities ranging from online gambling to large-scale fraud. According to the UN’s report, Huione Guarantee vendors have received inflows totaling at least $24 billion over the past four years. Crypto scams expand their reach The rise of platforms like Huione Guarantee and their use of cryptocurrency highlights the growing intersection of digital currencies and global cybercrime. These platforms act as one-stop shops for criminals, offering the technology, infrastructure, and financial tools needed to execute large-scale scams. The growing use of crypto in scams is not just limited to Southeast Asia though. Criminal gangs are collaborating with networks in South America, Eastern Europe, and Africa, expanding the reach of their fraud operations, the UN alarms. In the U.S. alone, crypto-related scams, including “pig butchering” schemes, led to over $5.6 billion in losses in 2023, the data shows. You might also like: Google delists Huione app after Elliptic report The report claims that Southeast Asia has become a breeding ground for online crimes mainly due to its relatively weak governance in certain areas. The criminals are exploiting regions with high levels of corruption and limited law enforcement capacity, making it easier for their operations to thrive. This has led to the establishment of massive scam compounds in countries like Myanmar, Cambodia, and Laos, with tens of thousands of trafficked individuals working under forced conditions. The UN report identifies victims from more than 55 countries, mostly from Asia and Africa, who are exploited in scam operations where trafficked individuals are forced to trick others into sending money, often through cryptocurrency. The report also warned that despite ongoing efforts to shut down scam operations, the syndicates are adapting. “ several competing entities with known criminal ties have been observed expanding their virtual asset service businesses,” the UN report noted, highlighting that these new platforms are emerging on messaging services like Telegram. The developments have prompted international calls for more robust cooperation among governments to combat the growing threat posed by cybercrime syndicates as failure to address the problem “would have unprecedented consequences for Southeast Asia that reverberate globally,” the UN warned. Read more: Crypto scams turn deadlier in Q1 as rugpull losses surge 6,500%
Tesla shares jumped almost 10% on Friday after President Donald Trump’s administration announced a plan to fast-track self-driving vehicles in the United States. The changes came straight from Washington, as US Transportation Secretary Sean Duffy rolled out new rules to loosen federal safety standards. Source: TradingView Duffy said on Thursday that the new framework would help American carmakers beat Chinese rivals. The updated rules mean some self-driving vehicles that don’t meet old federal standards, like needing rearview mirrors, will now be allowed to operate on public roads. Companies building these vehicles will no longer have to report every minor crash right away. Instead, they can now file monthly updates and only report serious incidents. The government also raised the damage threshold that triggers a required crash report for self-driving vehicles. Looser safety rules give Tesla more room to grow Consumer Reports reacted fast, warning that the changes would let cars with systems like Tesla Autopilot off the hook for reporting accidents unless someone dies, someone gets hospitalized, a pedestrian is hit, or an airbag goes off. Under the new setup, small incidents would slip under the radar, making it harder for watchdogs to track problems. The National Highway Traffic Safety Administration (NHTSA) said it would expand an exemption program that lets certain autonomous vehicles bypass normal safety rules. NHTSA also promised to simplify how automakers report crashes involving both self-driving and advanced driver assistance systems. The move was designed to speed up the rollout of autonomous tech, but not everyone liked the idea. The Advocates for Highway and Auto Safety slammed the Transportation Department for watering down safety rules. The group said it was “disappointed” that reporting requirements were being diluted instead of strengthened. It warned, “without safeguards, safety regulations, transparency and accountability, the success of AV deployment is imperiled at best and could result in deadly consequences at worst.” Elon Musk, Tesla’s chief executive and a close adviser to Trump, has been pushing hard to launch commercial robotaxis. The eccentric billionaire has promised the service would be ready soon, even as Tesla faces investigations from NHTSA after a fatal crash involving its Full Self-Driving software. The new rules are seen as removing major hurdles Musk has been fighting against for years. Stock market stages a wobbly recovery amid Trump’s rampant policy changes Trump’s changes earlier in the week lifted the entire stock market. The S&P 500 rose by 0.74% to close at 5,525.21. The Nasdaq Composite climbed by 1.26% to 17,282.94. The Dow Jones Industrial Average managed a 20-point gain, closing 0.05% higher at 40,113.50. Tech stocks saw major action too. Alphabet, the parent company of Google and a member of the “Magnificent Seven,” rose 1.5% after beating Wall Street forecasts for the first quarter. Nvidia gained 4.3%, and Meta Platforms added 2.7%, riding the wave of optimism sparked by the Trump administration’s announcement. Source: TradingView Tesla, however, led the pack with its 9.8% surge, making it the loudest winner among major tech names. Investors piled into Tesla shares on hopes that lighter rules would speed up the rollout of autonomous fleets without regulatory roadblocks. For the week, the major indexes all posted gains. The S&P 500 gained 4.6%, while the Nasdaq surged 6.7%. The Dow lagged a bit but still posted a 2.5% gain. Even with these jumps, the S&P 500 remains down 1.5% for the month, and the Dow has taken a brutal 4.5% beating in April. The Nasdaq managed to claw back into positive territory for the month, riding Big Tech optimism. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Cryptocurrency analyst Benjamin Cowen is saying Bitcoin ( BTC ) is primed to continue outperforming altcoins over the near term. Cowen tells his 894,000 YouTube subscribers that, based on the social risk metric, which gauges crypto market sentiment based on the social media activity of market participants, altcoins could continue underperforming the crypto king. “I have often said Ethereum is sort of like the index of the altcoin market. If it’s doing poorly, interest in crypto is not that high and altcoins aren’t really doing that great. And you can see that as Ethereum has collapsed, so too did the social risk. So when we talk about the social interest in crypto and it being low, what it means is that altcoins will likely keep bleeding to Bitcoin.” Source: Benjamin Cowen/YouTube According to the widely followed analyst, the loosening of the US monetary policy could turn the tide in favor of altcoins. “Despite what people say, they truly want altcoin season. That’s what they want. And because they keep not getting it, altcoins keep bleeding to Bitcoin… …in order to see this change, you need monetary policy to change, which can ultimately lead to people getting more interested in the asset class… …the way you get monetary policy change is you get pain in the markets. We are getting pain in the markets right now. We have seen a lot of pain in the markets. And the more pain that the markets get, the higher the chance that loose monetary policy comes. But in order to see change, you have to have the pain. Welcome to the pain. I don’t know how long the pain is going to last, but it’s this type of pain in the markets that you see persist over a long time that then leads to changes in monetary policy.” ? Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘Welcome to the Pain’: Analyst Benjamin Cowen Says Altcoins To Keep Bleeding Against Bitcoin Until This Happens appeared first on The Daily Hodl .
Ethereum is experiencing a resurgence, with a spike in active wallets and robust developer activity paving the way for a potential price uptrend. In just 48 hours, Ethereum recorded a
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DDC's $1 billion offering boosts confidence in Solana's potential. Technical indicators suggest a promising outlook for SOL price movements. Continue Reading: Investors Ignite New Hopes for Solana with $1 Billion Investment Plan The post Investors Ignite New Hopes for Solana with $1 Billion Investment Plan appeared first on COINTURK NEWS .
The landscape of digital asset regulation is constantly evolving, and a recent comment from a key U.S. official has sparked significant discussion. SEC Commissioner Mark Uyeda has voiced his opinion that the U.S. Securities and Exchange Commission (SEC) should pave the way for state-chartered trust companies to handle the custody of Bitcoin and other cryptocurrencies. This isn’t just a technical point; it touches upon fundamental questions about how digital assets fit into the existing financial system and who is best equipped to safeguard them. Understanding SEC Crypto Regulation and Commissioner Uyeda’s Stance The U.S. regulatory environment for cryptocurrencies remains complex, with multiple agencies asserting jurisdiction. The SEC, primarily focused on securities, has taken various actions regarding crypto assets it deems to be securities. However, the regulation surrounding the custody of assets, particularly non-security digital assets like Bitcoin, involves other bodies, including state financial regulators and federal banking agencies. According to a report by Bitcoin Magazine via X, SEC Commissioner Mark Uyeda expressed a view that could potentially simplify or clarify one aspect of this complexity. He stated that the SEC should allow state-chartered trust companies to provide custody services for Bitcoin and other digital assets. This suggestion is noteworthy because it comes from within the SEC and points towards a potential path for traditional financial institutions operating under state charters to more formally engage with the crypto market. Currently, the path for traditional financial entities to offer robust Bitcoin custody services is often fraught with regulatory uncertainty. While some federal regulators have issued guidance, the interaction with securities laws, as enforced by the SEC, adds layers of complexity, especially for entities dealing with assets that might be perceived differently by various agencies. Why State Trust Companies Matter for Bitcoin Custody State-chartered trust companies have a long history in the U.S. financial system. They are regulated at the state level and specialize in holding and managing assets on behalf of individuals, families, or institutions. Their traditional role includes managing trusts, estates, and providing custodial services for various types of assets, from real estate and equities to precious metals. Here’s why Commissioner Uyeda’s focus on these entities for Bitcoin custody is relevant: Existing Regulatory Framework: State trust companies already operate under established regulatory and fiduciary duties tailored to asset custody. Experience with Complex Assets: While digital assets are new, trust companies are experienced in securely holding and managing diverse and sometimes complex asset classes. Client Relationships: They often serve high-net-worth individuals and institutions already interested in digital asset exposure. State-Level Innovation: Some states have been proactive in developing frameworks for digital assets, potentially offering clearer pathways than federal routes in certain instances. Allowing these entities a clear path for Bitcoin custody could leverage existing infrastructure and expertise, potentially providing a familiar and regulated option for investors seeking secure storage for their digital assets. Exploring Potential Benefits and Challenges of Expanded Crypto Custody Rules Commissioner Uyeda’s suggestion, if adopted or acted upon by the SEC, could bring several benefits, but it also presents potential challenges that need careful consideration. Potential Benefits: Enhanced Investor Protection: State trust companies are subject to rigorous audits, capital requirements, and fiduciary standards, which could offer a higher level of security and accountability for custodial services compared to some unregulated or less-regulated options. Increased Clarity: Clearer crypto custody rules from the SEC regarding state-chartered entities would reduce regulatory ambiguity, making it easier for trust companies to enter the market. Facilitating Traditional Finance Entry: Providing a clear regulatory on-ramp could encourage more traditional financial institutions, including banks and trust companies, to offer digital asset services, bridging the gap between traditional finance and crypto. Driving Institutional Crypto Adoption: A major hurdle for institutions entering the crypto space is the lack of regulated, secure, and scalable custody solutions they are comfortable with. Allowing state trust companies could significantly boost institutional crypto adoption . Competition and Innovation: Increased participation from established financial players could foster competition and drive innovation in secure digital asset custody solutions. Potential Challenges: Regulatory Overlap and Conflict: Navigating the intersection of state-level regulation and federal SEC crypto regulation could still be complex. Ensuring consistent standards and avoiding regulatory arbitrage is crucial. Technical Expertise: While experienced in traditional custody, trust companies would need to develop or acquire specialized technical expertise in managing private keys, securing digital wallets, and navigating blockchain technology. Security Risks: Digital assets face unique security threats (hacking, protocol risks) that differ from traditional assets, requiring specialized infrastructure and protocols. Varying State Laws: Regulations for trust companies and digital assets vary from state to state, which could create a fragmented national landscape for crypto custody services. SEC’s Jurisdiction: The extent of the SEC’s authority over non-security digital assets and the custody thereof remains a debated topic, which could impact the implementation and effectiveness of any new rules. Impact on Institutional Crypto Adoption One of the most significant potential impacts of clearer crypto custody rules for entities like state trust companies is on institutional crypto adoption . Large financial institutions, asset managers, and corporate treasuries require highly secure, compliant, and insured custody solutions before they can commit significant capital to digital assets. Traditional finance operates within a framework where asset segregation, security audits, and regulatory oversight are standard. The ability to use a familiar entity like a state-chartered trust company for Bitcoin custody could lower the barrier to entry for these players. It provides a level of comfort and trust that is often missing when relying solely on crypto-native startups, many of which do not have the same long history or regulatory background. Increased institutional crypto adoption driven by improved custody options could lead to greater market liquidity, stability, and mainstream acceptance of digital assets. It’s a critical piece of the puzzle for the continued maturation of the crypto market. What’s Next for State Trust Companies and Bitcoin Custody? Commissioner Uyeda’s comment is a significant signal, but it is just that – a comment from one commissioner. It doesn’t instantly change SEC crypto regulation or establish new crypto custody rules . However, it does highlight an area where regulatory clarity is needed and suggests a potential path forward that leverages existing, regulated financial infrastructure. The next steps would likely involve: Further discussions and potentially formal proposals within the SEC regarding digital asset custody. Coordination (or lack thereof) between the SEC and state financial regulators. State trust companies assessing the technical and regulatory requirements to offer these services. Industry participants advocating for clear and workable rules. The journey towards fully integrated and regulated Bitcoin custody solutions for traditional finance is ongoing. Commissioner Uyeda’s statement represents a notable voice advocating for a specific, potentially effective, approach. Conclusion: SEC Commissioner Mark Uyeda’s suggestion to allow state-chartered trust companies to custody Bitcoin and other cryptocurrencies is a noteworthy development in the ongoing discussion about digital asset regulation in the U.S. By potentially leveraging the existing framework and expertise of these traditional financial entities, the SEC could help provide clearer crypto custody rules , enhance investor protection, and significantly boost institutional crypto adoption . While challenges related to regulatory coordination and technical requirements remain, this perspective offers a promising avenue for integrating digital assets more seamlessly and securely into the broader financial system. The path forward requires careful consideration and collaboration among regulators and industry participants to build robust and trustworthy infrastructure for the future of finance. To learn more about the latest Bitcoin custody and crypto regulation trends, explore our articles on key developments shaping institutional crypto adoption and market structure.
Ethereum’s buzzing—more activity, devs locked in, charts looking sharp. A fresh rally could be brewing.