Kiwi News: handpicked crypto news for builders

Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token". Three primary reasons: 1. ETH as fee-burning token never was as strong as it seemed 2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance. 3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS) EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere. The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.

I know this is a predictable opinion from me but I don't agree with the strong emotional reaction against the anti-data-center movements that I've seen this week. As I see it, algorithmic progress means that whatever you would be able to do with more and bigger data centers in 2 years, you will be able to do with the data centers we have today in 4 years - probably sooner. So nothing remotely apocalyptically bad will happen from even extreme levels of success by anti-data-center people. Meanwhile we need all the time we can get to better harden the world against both already-visible cybersecurity issues and any bio and other risks soon to come. Science applications are bottlenecked by many things other than AI, so slowing AI down by one year will slow those down by much less than one year. Given this, a slowdown in compute hyper-scaling seems quite net good? Notice this is without any controversial "doomer arguments", RSI etc. Even if net-bad, it's certainly not worse than like 10+ other political things.

Are you tired of getting your data leaked? ████████████████████████ Yes  (100%) 11 votes · 5 days

Today, as part of Operation Economic Outcast, Treasury’s Office of Foreign Assets Control designated eight money services businesses based in Canada that enable the Iranian regime. Additionally, @FinCENnews issued an order effectively cutting off MEXC Global’s access to the U.S. financial system for facilitating at least $16 billion in illicit transactions, including activity connected to Iran sanctions evasion.

We’re aware of a security issue affecting Web3Auth’s services used by some third parties. We have temporarily paused the embedded wallet service. After an initial investigation, we’ve found no evidence that MetaMask users are impacted.