At the moment in crypto, Crypto exec says stablecoins will lose tickers sooner or later, high Web3 white hats are incomes tens of millions uncovering DeFi flaws. In the meantime, a crypto researcher has excessive hopes the US authorities will nonetheless kind the Strategic Bitcoin Reserve this yr.
US greenback stablecoins gained’t have tickers sooner or later, solely generic “USD”
Stablecoins pegged to the US greenback gained’t have particular person value tickers sooner or later, in response to Mert Mumtaz, CEO of distant process name (RPC) node supplier Helius.
Mumtaz stated that stablecoins have grow to be commoditized, that means that there’s little distinction between them from a person perspective.
He predicted that exchanges will finally drop the tickers altogether, selecting to swap stablecoins by means of backend infrastructure that customers by no means see. He wrote:
“The eventual endgame is that you do not see the ticker in any respect. The apps will simply show ‘USD’ as an alternative of USDC, USDT, or USDX, and they’re going to swap every thing within the backend by way of a standardized interface.”
Mumtaz’s feedback comply with the Hyperliquid stablecoin (USDH) bidding conflict and are available amid a interval of fast progress for the sector, because the stablecoin market cap surpasses $280 billion.
Web3 white hats earn tens of millions, crushing $300K conventional cybersecurity jobs
High white hats looking vulnerabilities throughout decentralized protocols in Web3 are incomes tens of millions, dwarfing the $300,000 wage ceiling in conventional cybersecurity roles.
“Our leaderboard reveals researchers incomes tens of millions per yr, in comparison with typical cybersecurity salaries of $150-300k,” Mitchell Amador, co-founder and CEO of bug bounty platform Immunefi, advised Cointelegraph.
In crypto, “white hats” refers to moral hackers paid to reveal vulnerabilities in decentralized finance (DeFi) protocols. Not like salaried company roles, these researchers select their targets, set their very own hours and earn based mostly on the impression of what they discover.
Up to now, Immunefi has facilitated greater than $120 million in payouts throughout hundreds of reviews. Thirty researchers have already grow to be millionaires.
‘Sturdy likelihood’ US will kind Strategic Bitcoin Reserve this yr: Alex Thorn
There’s a excessive chance that the US authorities will kind the extremely anticipated Strategic Bitcoin Reserve by the top of this yr, says Galaxy Digital’s head of firmwide analysis, Alex Thorn.
Nonetheless, different trade executives are much less assured.
“I nonetheless suppose there’s a powerful likelihood the US authorities will announce this yr that it has shaped the strategic Bitcoin reserve (SBR) and is formally holding BTC as a strategic asset,” Thorn stated in an X publish on Thursday.
“Market appears to be utterly underpricing the chance of such an announcement,” Thorn added.
Whereas US President Trump signed the manager order formally establishing the Strategic Bitcoin Reserve and US Digital Asset Stockpile in March, a formalized strategic plan has not been confirmed but.
