Move over quantum... here comes AI

Rumors are swirling that potential buyers are circling Gemini, the crypto exchange founded by the Winklevoss twins. According to CoinDesk, buyers though aren’t interested in a full takeover but rather only want to buy certain parts of the exchange - specifically the shuttered European and U.K. operations to secure regulatory licenses. The move comes after the exchange cut 25% of its workforce in February and exited multiple international markets. Gemini's stock has collapsed to $4.36 from its $28 IPO price, and the company recently lost three top executives. Read more →

Judge Katherine Polk Failla heard arguments yesterday on whether to overturn Roman Storm's conviction for operating an unlicensed money transmitter but has not yet ruled. Storm, a Tornado Cash founder, was convicted last August on that charge. Two more serious counts (money laundering and sanctions violations) ended in mistrial and remain pending retrial. The defense argued that building better technology for legitimate purposes, even if criminals misuse it, doesn't make founders co-conspirators. The prosecution countered that Storm could have made the service "less hospitable" to criminals but chose to enhance it instead. Read more →

Anthropic on Tuesday unveiled Claude Mythos Preview, a frontier AI model it says is so capable at finding and exploiting software vulnerabilities that it cannot be released to the public. The model found a 16-year-old bug in FFmpeg after five million automated scans missed it, and turned a known Linux flaw into a working exploit in under a day for under $2,000. The real threat? DeFi's $200 billion in locked assets relies on friction-based defenses like multisig and timelocks that may crumble against AI-assisted attackers. Markets haven't reacted yet, but traders should watch how this reshapes blockchain security assumptions. Read more →

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