Blockchain sleuth ZachXBT alleges Axiom employee conducted insider trading

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community information

AXIOM worker accused of insider coaching by ZACHXBT: Blockchain detective Zach In a thread posted on X, ZachXBT mentioned Brooks Bauer, a senior enterprise improvement worker at New York-based Axiom, used an inside dashboard to look at delicate person info, together with linked pockets addresses, and shared that information with a small group mapping the transactions of distinguished crypto influencers. Based in 2024 by Myst and Cal, Axiom is a member of Y Combinator's Winter 2025 cohort and has generated greater than $390 million in income so far, in keeping with researchers. ZachXBT mentioned he was detained to analyze allegations that inside instruments had been being misused. He didn’t say who held him again. In an audio clip shared within the thread, the individual recognized as Bauer allegedly claims that he can monitor “any Axiom person” by referral code, pockets handle, or UID and “discover out something they’re related to.” In the identical recording, he explains that he initially investigated 10 to twenty wallets and progressively elevated the exercise to make it “much less suspicious.” — Oliver Knight learn extra.

EF “STRAWMAP” roadmap launched: The Ethereum Basis has launched a roadmap that appears prefer it's constructing for the subsequent decade, somewhat than simply getting by means of this quarter. The doc, dubbed the Straw Map and revealed by EF researcher Justin Drake on Wednesday, lays out plans for seven onerous forks by 2029. A tough fork is a network-wide software program improve that each one nodes should implement or be left behind, making it probably the most harmful kind of change Ethereum could make. The plan is structured round 5 targets, generally known as the North Star. These embrace a quick Layer 1 that delivers transaction finality in seconds. Dramatically greater Layer 1 throughput (known as “gigagas” scale) able to roughly 10,000 transactions per second. Layer 2 networks attain “Teraga”-level throughput, or roughly 10 million TPS. Constructed-in privateness with post-quantum encryption and shielded ETH transfers. — Shaurya Marwa learn extra.

Robinhood Chain Testnet Replace: Robinhood's (HOOD) testnet recorded 4 million transactions within the first week its testnet chain was stay, the funding platform's CEO Vlad Tenev instructed X. Robinhood Chain, which focuses on tokenization and buying and selling, comes because the broader Ethereum ecosystem debates its future and the centralized change seeks to construct its personal blockchain infrastructure. “Builders are already constructing our L2, which is designed for tokenized real-world belongings and on-chain monetary companies,” Tenev wrote. Testnet is a risk-free setting the place builders can check code and experimental options earlier than mainnet goes stay. The 2 phases of community improvement will be in comparison with flight simulators and business flights. The Robinhood Chain testnet emerged towards the backdrop of bigger calculations within the Ethereum world. Earlier this month, Ethereum co-founder Vitalik Buterin declared that the protocol's long-held Layer 2 (L2) rollup-centric roadmap “not is smart,” claiming that many rollups aren’t totally decentralized and that Ethereum's base layer is increasing sooner than anticipated. — Margaux Nykerk learn extra.

OPENAI enters good contracts in earnest: OpenAI is diving deeper into cryptocurrency safety with the debut of EVMbench, a testing framework designed to measure how effectively synthetic intelligence can perceive and probably safe good contracts on Ethereum and comparable blockchains. Sensible contracts are self-executing code deployed on blockchains equivalent to Ethereum, powering decentralized exchanges, lending protocols, and a variety of on-chain monetary functions. These contracts usually can’t be modified as soon as deployed, making their vulnerabilities probably extreme. EVMbench is OpenAI's try and see if trendy AI programs are doing their half to forestall these issues. The benchmark was in-built collaboration with crypto funding agency Paradigm and leverages real-world good contract vulnerabilities which have already been uncovered by means of audits and safety competitions. The system measures efficiency throughout three key capabilities: figuring out safety bugs, exploiting these bugs in a managed setting, and fixing susceptible code with out violating contracts. OpenAI says its purpose is to determine clear requirements for evaluating AI programs in blockchain safety, particularly as decentralized finance continues to safe billions of {dollars} in person funds. The stakes for good contracts are solely going to extend. — Margaux Nykerk learn extra.

In different information

U.S. tech large Meta, led by Fb founder Mark Zuckerberg, goals to enter the stablecoin area later this yr, pending a profitable integration with a third-party firm to facilitate funds utilizing dollar-pegged token expertise, in keeping with three individuals conversant in the plans. The tech large, which owns Fb, WhatsApp and Instagram and has greater than 3 billion customers, hopes to begin integrating stablecoins as early because the second half of this yr, one of many individuals mentioned, asking to not be recognized as a result of the plans are personal. Meta plans to combine distributors to assist handle stablecoin-backed funds and implement new wallets, the individuals mentioned. One other individual mentioned Meta despatched out a request for product (RFP) to third-party corporations and recognized Stripe as a probable candidate for a stablecoin pilot. The introduction of a stablecoin may enable Meta to open cost rails to a big person base whereas avoiding costly conventional banking charges, probably establishing itself as a world chief in 'social commerce' and cross-border remittances. — Ian Allison learn extra.
American Bitcoin (ABTC), a bitcoin mining firm backed by President Donald Trump's household, introduced a lack of $59 million within the fourth quarter after the worth of its holdings eroded as the value of the biggest cryptocurrency plummeted. The corporate, which went public in September lower than a month earlier than the biggest cryptocurrency hit an all-time excessive, has been pursuing a twin technique of mining and shopping for, with roughly a 3rd of its funds coming from $BTC It comes from mining operations. The rest will come from open market purchases and strategic transactions, with the vast majority of the funding coming from inventory gross sales. The corporate, which is 20% owned by Eric Trump and Donald Trump Jr., generated $150.5 million by means of an preliminary public providing through the quarter. This capital allowed the corporate to extend its per-share Bitcoin publicity by practically 50%. Presently holding over 6,000 objects $BTCit was written. Through the quarter, the corporate mined Bitcoin at a gross revenue margin of 53%, suggesting that manufacturing prices remained effectively under spot costs even because the cryptocurrency's value fell. Income elevated 22% from the third quarter. — Francesco Rodriguez & James Van Straten learn extra.

regulation and coverage

The Indiana State Legislature permitted a public retirement and financial savings plan to achieve publicity to digital belongings and bodily exchange-traded funds (ETFs), in addition to granting residents entry to cryptocurrency investments. Governor Mike Brown is anticipated to signal HB 1042 inside the subsequent 10 days. Indiana joins at the very least seven different states, together with Wyoming, Wisconsin, Michigan, and Arizona, in integrating crypto-related merchandise into their public funding frameworks. Almost half of U.S. state governments are transferring towards or have already got invested a few of their funds in cryptocurrencies, and far of this development has developed since President Donald Trump directed his administration to determine a Bitcoin Strategic Reserve. — Olivier Acuña learn extra.
The U.S. Treasury has sanctioned the Russian firm Operation Zero and the people behind it, together with Sergey Sergeevich Zelenyuk, accusing them of buying stolen cyber instruments for hundreds of thousands of {dollars} in digital foreign money and reselling the expertise created to be used by the U.S. authorities. The device was initially mentioned to have been stolen by Australian Peter Williams, who as soon as labored for a protection contractor that produced nationwide security-focused software program “for unique use by the U.S. authorities and sure allies.” Mr. Williams pleaded responsible final yr to promoting commerce secrets and techniques. “The Treasury Division continues to work with different members of the Trump administration to guard America's delicate mental property and shield our nationwide safety,” Treasury Secretary Scott Bessent mentioned in an announcement. Zelenyuk and others are mentioned to be the primary individuals to be sanctioned beneath the US Mental Property Safety Act. — jesse hamilton learn extra.