Kiwi News: handpicked crypto news for builders

The FBI is releasing information advising the Democratic People's Republic of Korea (North Korea) was responsible for the theft of more than $6 billion USD in virtual assets from cryptocurrency exchange, Binance, on or about October 29, 2026. The FBI refers to this specific North Korean malicious cyber activity as "TraderTraitor." The FBI, together with partners at the USSS and IRS-CI, has observed TraderTraitor actors converting stolen assets primarily into Ethereum (ETH). It is expected these assets will then be further laundered by converting them using DeFi and instant swap services as they prepare them for further laundering stages. How You Can Help: FBI, USSS, and IRS-CI are urging private sector entities including THORNode operators, RPC node operators, instant exchanges, DeFi services, blockchain analytics firms, and other virtual asset service providers to block transactions with or derived from addresses TraderTraitor actors are using to launder these stolen assets. A list of addresses associated with this activity is available here: https://www.fbi.gov/investigate/cyber/al…

I honestly miss the days when 100% of the X timeline was just crypto. Not depressing news, not violent videos, not divisive politics. Just charts, coins, analysis, and people breaking down the technology. Coins priced in sats, and news outside of the space didn't matter at all.

It should now be abundantly clear that ETH on Ethereum L1 is a very different beast from stablecoins like USDC and USDT, or ETH on e.g. Arbitrum. It is time to ask really hard questions: Which “beast” do people really want, and when? And how much capacity should there be to move instantly between them? Clearly, we still want strongly censorship-resistant assets like ETH and Bitcoin. But in many cases, having an entity that can intervene in the event of a hack can be a positive. However, the way that power is exercised can feel arbitrary. Is Paolo asleep? Do you have a direct line to Jermey so suddenly they block without court order. I think it would be good to have assets and rollups that offer an additional layer of protection, but under clear, transparent, consistently applied rules that protect smaller users too, not just the well-connected.

Using Ethereum leaves a trail. Your transactions are public, and your wallet shares your address and location with servers every time you open it. Most people have no idea how much that adds up to. So we wrote a field guide for anyone who uses Ethereum and wants to understand their privacy. How to D̶i̶s̶a̶p̶p̶e̶a̶r̶ on Ethereum explains, in plain language: What other people can learn about you Where that information leaks Which tools protect you, and what they don’t You don’t need to be technical to read it. It’s a first edition, printed for .@EFDevcon. We’re handing out copies at our private event in Mumbai this week. Details tomorrow. DM us for early access/ event invite