Today in crypto, Crypto exec says stablecoins will lose tickers in the future, top Web3 white hats are earning millions uncovering DeFi flaws. Meanwhile, a crypto researcher has high hopes the US government will still form the Strategic Bit…
Today in crypto, Crypto exec says stablecoins will lose tickers in the future, top Web3 white hats are earning millions uncovering DeFi flaws. Meanwhile, a crypto researcher has high hopes the US government will still form the Strategic Bitcoin Reserve this year.
US dollar stablecoins won’t have tickers in the future, only generic “USD”
Stablecoins pegged to the US dollar won’t have individual price tickers in the future, according to Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius.
Mumtaz said that stablecoins have become commoditized, meaning that there is little difference between them from a user perspective.
He predicted that exchanges will eventually drop the tickers altogether, choosing to swap stablecoins through backend infrastructure that users never see. He wrote:
“The eventual endgame is that you don't see the ticker at all. The apps will just display ‘USD’ instead of USDC, USDT, or USDX, and they will swap everything in the backend via a standardized interface.”
Mumtaz’s comments follow the Hyperliquid stablecoin (USDH) bidding war and come amid a period of rapid growth for the sector, as the stablecoin market cap surpasses $280 billion.
Web3 white hats earn millions, crushing $300K traditional cybersecurity jobs
Top white hats hunting vulnerabilities across decentralized protocols in Web3 are earning millions, dwarfing the $300,000 salary ceiling in traditional cybersecurity roles.
“Our leaderboard shows researchers earning millions per year, compared to typical cybersecurity salaries of $150-300k,” Mitchell Amador, co-founder and CEO of bug bounty platform Immunefi, told Cointelegraph.
In crypto, “white hats” refers to ethical hackers paid to disclose vulnerabilities in decentralized finance (DeFi) protocols. Unlike salaried corporate roles, these researchers choose their targets, set their own hours and earn based on the impact of what they find.
So far, Immunefi has facilitated more than $120 million in payouts across thousands of reports. Thirty researchers have already become millionaires.
‘Strong chance’ US will form Strategic Bitcoin Reserve this year: Alex Thorn
There is a high likelihood that the United States government will form the highly anticipated Strategic Bitcoin Reserve by the end of this year, says Galaxy Digital’s head of firmwide research, Alex Thorn.
However, other industry executives are less confident.
“I still think there’s a strong chance the US government will announce this year that it has formed the strategic Bitcoin reserve (SBR) and is formally holding BTC as a strategic asset,” Thorn said in an X post on Thursday.
“Market seems to be completely underpricing the likelihood of such an announcement,” Thorn added.
While US President Trump signed the executive order officially establishing the Strategic Bitcoin Reserve and US Digital Asset Stockpile in March, a formalized strategic plan has not been confirmed yet.
