Daily recap — May 25

Lead stories

Tether and the government of Georgia will launch GELT, the country’s official state-backed stable-value currency.

The RWA market on Ethereum reached new all-time highs in two metrics at once — market capitalization and transaction count.

Hackers exploited the smart contracts of European stable-value currency issuer StablR — the damage is estimated at around $10,000,000.

A woman from Kaliningrad trusted a “crypto consultant” from a messenger app and lost 6,300,000 rubles — part of the money had even been borrowed from relatives.

Vitalik Buterin wants the Ethereum Foundation to be not the “main boss of Ethereum,” but rather the guardian of its core principles.

Iran has “in principle” agreed to abandon enriched uranium as part of the deal announced by Trump — according to NYT.

“Financial tarot readers” and astrologers are increasingly appearing in Russian markets, offering to choose stocks based on cards, stars, and the “energy of the portfolio.”

Google will integrate Gemini Omni into YouTube — the neural network will not only search for videos and answer questions, but also literally modify other people’s videos at the viewer’s request.

Bolivia launched Bitcoin mining using an idle 127 MW gas-powered thermal power plant — the farm currently consumes around 27 MW and delivers 1.23 EH/s of hash rate.

An Ethereum ICO participant holding 2,000 ETH became active again after 11 years of inactivity — in 2015, he bought the coins for just $620, while today they are worth around $4,230,000.

A hacker attacked the Squid protocol on the Ethereum and Base networks — within just a few hours, 86 Gnosis Safe wallets were compromised, and the damage exceeded $3,000,000.

Microsoft has begun limiting the internal use of AI — maintaining neural networks has become too expensive and, in some tasks, already costs more than regular employees.

A miner from the Satoshi Nakamoto era transferred 2,650 BTC worth around $203 million to market makers FalconX and Cumberland — his wallets still hold around 6,000 BTC ($462 million).

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