Mostly Bitcoin — Daily Digest

Last 24 hours of mainstream crypto coverage

October 7, 2026

Why Trillionaires Will Be Good for America — reason.com

How much money should any one person have? When Elon Musk became the world's first trillionaire, people got mad. "He will own everything!" claims a popular YouTuber. "He will own your house…your country…your government." Comedian Bill Maher, lately a voice

Trump's midterm strategists draw scrutiny over Russia-aligned work — axios.com

President Trump threatened Wednesday to fire two of his top political consultants if he finds a conflict, after reports that they advised a Russia-aligned government ahead of local elections there. Why it matters: Chris LaCivita and James Blair are leading

Poetry is the new AI security threat as PoeLLM malware infects 3K+ servers — theregister.com

A suspected Italian attacker armed with a malware-controlling poem has infected more than 3,000 servers since April, breaking into enterprise AI infrastructure to mine cryptocurrency and add compromised systems to its growing botnet. This is the first case

Pokemon Collector Found Guilty in $55 Million Crypto Hack Case — bloomberg.com

A cybersecurity consultant was found guilty of stealing nearly $55 million in cryptocurrency, some of which was spent to acquire rare Pokemon cards and other collectibles.

FTX Is Gone, but Its Memory Still Drives Federal Crypto Policy — reason.com

Convicted fraudster Sam Bankman-Fried is serving a 25-year sentence in federal prison, but his now-defunct cryptocurrency exchange, FTX, remains top of mind for federal regulators. On Monday, the U.S. Commodity Futures Trading Commission (CFTC) released an

Ex-BitMEX CEO Arthur Hayes is betting the AI data center boom will crash and boost bitcoin — qz.com

Hayes says the AI infrastructure buildout mirrors past technology overbuild cycles that ended in crashes and government bailouts

Bitcoin sank below $84,000 as $550 million in crypto bets were liquidated — qz.com

Long positions made up the bulk of the forced closures, with about $487 million in bullish bets wiped out in 24 hours

Winklevoss Twins Prep Zcash ETFs as Privacy-Coin Trade Surges — bloomberg.com

Crypto entrepreneurs Tyler and Cameron Winklevoss used the opening day of the Token2049 conference to make the case for their proposed Zcash exchange-traded fund, touting the privacy-preserving features of the Bitcoin offshoot.

Eric Trump Says AI Boom Will Be Fastest Driver of Crypto Growth — bloomberg.com

Eric Trump said the huge investment in artificial intelligence, which has been one of the factors depressing cryptocurrency prices, will ultimately be the fastest driver of digital-asset growth.

The Digital Dollar Standard — aier.org

How stablecoins are rewriting the architecture of global finance Executive Summary Dollar-pegged stablecoins, digital tokens whose value is fixed one-to-one with the US dollar and settled on blockchain infrastructure, are the first instruments to offer a

Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties — fortune.com

A former senior federal official pleaded guilty Tuesday to defrauding the government of about $194 million, using invented classified programs to buy 298 gold bars, four luxury South Florida properties, watches and two BMWs. David J. Rush of Ashburn,