This week, "Deconstruction" focuses on the paradox of Bitcoin's decline, AI attacks on crypto developers, the Ethereum upgrade crisis, and a recipe for saving DAOs.
Bitcoin Emerges from Crisis
Bitcoin's price fell below $73,000 amid rising oil prices and the U.S. Treasury's bond sales. However, a 10-year data analysis shows no direct correlation between Bitcoin prices and oil.
With the launch of spot ETFs, Bitcoin has changed its status and become structurally independent. The digital currency no longer has to automatically decline alongside traditional markets, so the current fluctuations are merely temporary technical noise, not a global trend.
Ethereum Upgrades
The upcoming Ethereum upgrade (Higota) proposes to include a secure pool for private transfers and a new data structure—Merkle trees. This will reduce the blockchain state storage burden by 90% and enable network nodes to run on standard smartphones. A censorship resistance mechanism is also planned.
However, the main issue is that due to the postponement of hard forks and the mass exodus of technical specialists from the Ethereum Foundation, the upgrade schedule is now in serious doubt.
New Hacker Tactics
AI-driven attacks are now targeting developers and the code supply chain rather than users. Hackers upload malicious packages that deceive AI programming assistants (like Claude) into collecting keys and passwords under the guise of "security scanning."
This means that a crypto wallet or DeFi application can be compromised even during the programming phase, before its official market launch.
Recipe for Saving DAOs
Fundamental Web3 approaches are in systemic crisis: DAOs lack self-organization, the transition to "teal" is too psychologically taxing, and Open Source survives solely on donations.
However, these models can effectively work together, compensating for each other's weaknesses. In such a structure, DAOs create real cash flows by funding open-source developers, while teal principles ensure that decisions are made by the most competent participants rather than just the largest token holders.
This is a condensed version of the podcast. Watch the full episode:
https://www.youtube.com/watch?v=fV8w-1tEfeY
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