Daily Edition · Page 7

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

DBS/CITI COMPLETE FIRST WEEKEND CROSS-BORDER USD PAYMENT

DBS and Citi completed a Singapore-to-US USD payment over a weekend using tokenized deposits via Swift's Digital Ledger, taking minutes versus up to two business days for traditional cross-border transfers. The move removes weekend/time-zone delays for institutions operating across jurisdictions. Citi joined Swift's 24/7 tokenized payments pilot in July and is also part of a group of major US banks building a separate tokenized deposit network through The Clearing House, targeting a 2027 launch.

HANWHA BUILDS TOKENIZED SECURITIES PLATFORM ON AVALANCHE

South Korean brokerage Hanwha Investment & Securities reportedly built a tokenized securities platform (started in 2025 with FairSquare Lab) running on Avalanche and Hyperledger Besu, ahead of South Korea's securities tokenization law taking effect in February. Regulators plan a phased rollout starting with private money market funds, bonds, and unlisted stocks, eventually expanding to public securities and stablecoin settlement rails. Hanwha is also Securitize's largest shareholder (9.6% stake) and separately invested $22.3M in Canton Network operator Digital Asset.

WHO KILLED THE CRYPTOANARCHIST?

Cryptoanarchy, the movement centered on data privacy, permissionless systems, and trust minimization, retreated during the 2020-2022 bull cycle as crypto companies prioritized institutional capital and mainstream UX over ideological principles. Each value the movement abandoned has since been validated by AI-era behavior: users now hide camera rolls from Instagram and stockpile Mac Minis to host open-source models, while businesses treat every networked system as an attack surface for misaligned agents. Most original cryptoanarchists have either exited the space or reframed their work for institutional audiences, leaving the movement hollowed out precisely when broader society began internalizing its core concerns. A revival is possible under new banners, with AI-driven threat models replacing the 2008 financial crisis as the animating fear.

COLDCARD EXPLOITER MOVES 45% OF WAVE 3 STOLEN FUNDS

The attacker behind the Coldcard hardware wallet exploit (a 2021 firmware bug that weakened seed randomness) has moved 45% of Wave 3 stolen bitcoin, per Galaxy Research, swapping some to ETH via THORChain, then running funds through CoinJoin. About $7.8M has been spent so far, moving stolen vaults largest-first. 82% of all exploited funds remain in attacker-controlled addresses. Total identified losses across all waves now stand around 1,806 BTC (~$143.9M), with Galaxy flagging a possible Wave 4.

MAPPING ONCHAIN BTC CREDIT SOLUTIONS

Surveys four approaches to unlocking bitcoin-backed credit without a fully taxable wrap: Anchorage's Atlas (a legal collateral-agent structure mainly for CeFi lenders, thin smart-contract layer), Komainu (a Nomura/Ledger/CoinShares JV using a legal "Notice of Exclusive Control" and Liquid Network settlement), Babylon Labs (fully non-custodial, BTC never leaves its own chain via Taproot dual-spending paths), and Concrete's AssetCX (BitGo custody plus a real 1:1 ERC-20 synthetic usable as DeFi collateral). Concrete is the most "DeFi-native" since it's the only one built around an actual onchain token rather than a legal wrapper.

TLDR IndexPage 7