Roman Storm and the XRP army aren’t happy former SEC boss Jay Clayton is Trump’s new AI czar, Peter Brandt flips bullish and says Bitcoin may reach as high as $600K by 2029.
President Donald Trump has named Jay Clayton, US director of national intelligence, to lead the country’s new Super Intelligence Force, according to a post on Truth Social on Sunday.
“The Super Intelligence Force is tasked with coordinating the effort of the Federal Government to ensure that America continues to lead the World in Super Intelligence,” Trump wrote in his post.
Clayton led the Securities and Exchange Commission during Trump’s first term and launched a prosecution against Ripple for selling securities on his last day in office, and as U.S. Attorney for the Southern District of New York led the criminal trial against Roman Storm for his involvement in Tornado Cash. Storm commented:
Trump’s buddy Elon Musk is renaming SpaceXAI to SpaceXSI to honor the President’s directive to rename “artificial intelligence” to “super intelligence.”
NEAR has been riding a wave of positive sentiment lately and has more than doubled in price over the past month. This week it received praise in some quarters — and criticism in others — after its SHIELD AI system blocked Bitget’s hacked funds from its INTENTS cross chain swaps platform. Its Bitwise ETF debuted this week with almost $60 million of inflows.
SHIELD also helped to halt a $3.8 million exploit of NEAR Intents due to a “bug in the Omni deposit and withdrawal infrastructure interaction with NEAR Intents smart contract.”Sentiment flipped bearish for about seven and a half minutes, until NEAR Intents general manager Alex Shevchenko posted like a boss “we have identified you, sir” and issued a 48 hour ultimatum to return the funds or to presumably face the full force of the law.
The funds were duly returned, and Shevchenko urged other exploiters thinking of LARPing as white hat hackers to “use bug bounties instead of disrupting the services.”
The move to block Bitget’s stolen funds sparked a lot of debate and was in stark contract to THORChain which has refused to block swaps on its platform, pointing to ideals around decentralization.
There is also a live debate over whether SHIELD blocking funds leaves it legally liable for everything that happens on the platform in future.
Money printing is coming due to the AI revolution, the United State’s debt crisis, and increasing financial stress in France, says Arthur Hayes, chief investment officer at Maelstrom fund.
AI companies need trillions of dollars to finance data centers even as the prices of their services fall, Hayes said at a fireside chat at CONNECT by Cointelegraph: Seoul Edition, on Tuesday during Korea Blockchain Week.
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