Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

U.S. LABOR DEPARTMENT WITHDRAWS PRIOR CRYPTO WARNINGS

The U.S. Department of Labor has withdrawn its March 2022 guidance cautioning 401(k) fiduciaries against including cryptocurrencies in retirement plans, issuing a new directive that it will no longer single out asset classes for praise or warning. Secretary Lori Chavez‑DeRemer argued that investment decisions belong to plan fiduciaries, not D.C. bureaucrats, and that the previous stance improperly “put a thumb on the scale.” The original warning came just before crypto market failures in 2022, when bitcoin‐linked retirement holdings fell roughly 52%, though those same positions would now be up about 156%.

COINBASE UNVEILS CDP WALLETS OFFERING CONTROL WITHOUT KEY MANAGEMENT

The Coinbase Developer Platform has unveiled a new Wallet API that allows developers to create onchain experiences without dealing with the struggles of private key management. It uses Trusted Execution Environment (TEE) technology to securely store private keys, with developers making interactions through API calls. US developers can earn 4.1% USDC rewards on balances in the wallets, which offer state-of-the-art latency and creation times and full compatibility with popular tools like wagmi and viem.

BLOCK TO ROLL OUT BITCOIN PAYMENTS ON SQUARE

Block's Square Point of Sale app will integrate Lightning Network bitcoin payments, allowing merchants to accept near-instant, low-cost transactions via QR codes on Square hardware. The feature is slated to roll out in the second half of 2025 and reach all eligible sellers in 2026, pending regulatory approvals. Behind the scenes, Square handles real-time exchange-rate calculations and payment confirmations, simplifying the checkout experience. This launch builds on 2024's Bitcoin Conversions and complements Block's bitcoin ecosystem, including Cash App's trading features, the Bitkey self-custody wallet, Proto mining tools, and Spiral funding.

CRYPTO X AI: THE ATTENTION WARS

Attention has become a core digital commodity, with algorithms on major platforms optimizing for and monetizing user focus. Advances in AI now allow precise measurement of mindshare, and crypto micropayments coupled with open finance rails are spawning direct, tokenized attention markets, exemplified by projects like Kaito, Noise, Loudio, and the Basic Attention Token. This convergence addresses inefficiencies and rent‑seeking intermediaries in the attention economy by enabling transparent, pay‑for‑attention models. Going forward, the space may tip toward a dystopia of pervasive extraction or a utopia where AI‑powered defenses and fair compensation restore user control.

GROWING BTC RESERVE REQUIRES CONGRESSIONAL LEGISLATION

VanEck's head of digital assets, Matthew Sigel, said at Bitcoin 2025 that sustainably expanding the US strategic Bitcoin reserve requires targeted Congressional legislation, ideally through budget reconciliation amendments offering mining tax credits and other incentives, rather than executive actions that risk legal challenges. He suggested starting with a $100 million allocation in the Exchange Stabilization Fund and gradually growing the reserve via incentives for miners using methane gas. This approach follows President Trump's March executive order that established the government's nearly 200,000 BTC reserve under budget-neutral acquisition rules.

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