9-9-2025
NPM attack fizzled but reminded us how exposed hot wallets really are. Tether didn’t sell BTC. Democrats dropped a rival to the Clarity Act. Banks hate stablecoin yield. Eightco pumped 3,000% over Worldcoin Treasury play.
A supply chain attack hit the NPM ecosystem and sent everybody into panic mode. But after the dust settled, it looks like nobody really got wrecked. Ledger’s CTO said the malware only nabbed about $500, and most of the affected JavaScript packages didn’t make it into production wallets. That said, don’t assume it’s over. If you’re using a hot wallet, especially something web-based or browser-linked like MetaMask, double-check your destination address every time. Just because the big wave didn’t crash this time doesn’t mean it’s gone. Third-party dependencies are always an attack surface.
Then we had the whole Tether gold sell-off rumor. Paolo Ardoino came out swinging and said no, Tether didn’t dump its Bitcoin for shiny rocks. Instead, they transferred some of their BTC to 21 Capital, Jack Mallers’ shop. Honestly, the only takeaway here is that Tether’s playing the hybrid reserve game with Bitcoin, gold, and land. That may not be your bag, but it doesn’t look like they lied. And no, the world didn't end. People gotta quit running with bad chain analysis and jumping to conclusions just to get YouTube clicks.
On the government side, Senate Democrats rolled out their own crypto framework: the "seven pillars" of regulation joy. It’s basically a counterpoint to the Clarity Act. They’re targeting DeFi, banning yield on stablecoins, and calling out Trump and his family for corruption via crypto ventures. The Clarity Act was already crawling through the pipes, and now we’ve got competing narratives, meaning we’re heading straight into more legislative deadlock. Don’t hold your breath for regulatory clarity anytime soon.
Meanwhile, the stablecoin yield fight just got more intense. The banking lobby says if yield-bearing stablecoins aren’t stopped, they’ll see $6.6 trillion in deposit flight. That’s a number pulled out of a lobbyist’s briefcase, but the fear is real. Coinbase already offers interest on USDC. Banks can’t compete unless they overhaul their entire model, which they won’t. So instead of innovating, they’re trying to outlaw the competition. Buggy whip syndrome all over again.
And just when you thought it couldn’t get dumber, Eightco, a stock nobody's heard of, jumps 3,000% after announcing a treasury strategy based on Worldcoin. Yes, the same Worldcoin that scans your eyeballs. It's all so tiresome™. It’s not a Bitcoin story, but it is a warning about how immature and grifty markets still are. If a no-name stock can rocket on news of buying Sam Altman’s eyeball token, you’re looking at speculation with a capital S. Stay grounded and don’t look into the orb.
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