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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
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šŸ’„J.P. Morgan’s Blockchain Lead Believes Most of Crypto Is Just ‘Noise’šŸ’„

Umar Farooq, the CEO of Onyx by J.P. Morgan and the Global Head of Financial Institution Payments, believes that ā€˜most of crypto is still junk’ with the ā€˜exception of a few dozen tokens.’

In the Monetary Authority of Singapore’s Green Shoots Series 2022, Farooq stated that while the regulation has not caught up, there are not many use cases of digitalized tokens, adding, ā€œEverything else [Cryptos], as has been mentioned is either noise or frankly, you know, it’s just going to go away. So, in my mind, the use cases haven’t arisen fully.ā€

Exec believes regulated entities will be frontrunners
As the lead of a bank-led blockchain platform, Farooq also remarked that while private options will always exist in the crypto sector, users will turn to regulated financial institutions when it comes to ā€œserious transactionsā€ of large value. He underlined, ā€œYou know, that the government, the regulators, and the entire financial infrastructure stands behind them.ā€

The executive’s comments follow MAS’ new announcement to regulate crypto with Ravi Menon, managing director of the watchdog stating the agency will block crypto speculation but not crypto innovation.

On what is slowing down financial institutions from the adoption of new technology in the evolving regulatory space, Farooq explained that there is significant regulatory friction, but for financial stability, he doesn’t believe a higher level of friction is unjustified.

Recently, it was reported that the Monetary Authority of Singapore (MAS) is considering stricter rules to protect consumers. Under the new rules, the regulator could include customer suitability tests and limit the use of leverage and credit facilities for crypto retail investors.

ā€œI think it’s obviously a little bit more complicated given our regulatory regime and frankly, that’s what makes us safe versus nascent technology in this industry. Probably also makes us a bit slower,ā€ Farooq added.

Virtual asset industry ā€˜not mature’
The Onyx chief is also of the view that the crypto industry has ā€˜not matured,’ and most of the money that’s ā€˜being used in the current web3 infrastructure is for speculative purposes.’

ā€œThe regulation has got up and I think that’s why you see the financial industry, in general, being a little bit slow, catching up. But when it does catch up, and whoever catches up…but the large institutions who catch up to this are going to be absolute winners,ā€ Farooq added.

With that, Farooq also accepted that JP Morgan’s digital asset division has been investing ā€˜very heavily’ in building the infrastructure that enables blockchain application but not so much in applying blockchain technology.

https://beincrypto.com/j-p-morgans-blockchain-lead-believes-most-of-crypto-is-just-noise/

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āš ļø The entire cross-chain bridge & CEX model is built on a flawed premise āš ļø

The entire cross-chain bridge & CEX model is built on a flawed premise: custodial trust. This is a bug, not a feature.
​What if you could execute a native BTC <> native SOL (or ETH, USDC, USDT, XRP, RWAs, tokenized assers, etc.) swap with zero counterparty risk? No bridge, no CEX, no wrapped assets, not even a DEX!

​This video breaks down the P2P atomic swap architecture that makes it possible. (Thread šŸ‘‡)

https://x.com/ReggieMiddleton/status/1973467803656032281

00:02:12
In the first SEC-CFTC Joint Roundtable in 14 years, Pyth is mentioned.

āœ“ The US Dept of Commerce worked with Pyth to bring data onchain

āœ“ Institutions are using Pyth data in live trading models

Dave Olsen, from Jump Trading Group at the SEC-CFTC Joint Roundtable ā¬‡ļø

00:00:37
September 30, 2025
Blockchain NOT Needed, Barter 2.0

Fully distributed peer to peer network, verified.

Most complain about CBDC's and Digital ID's, while others build solutions around them

šŸ‘‰ No Blockchain, DLT or Currency needed!

Join @VeTest_2017 and I for another great discussion on the developments of Global Barter 2.0

00:01:21
šŸ‘‰ Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? šŸ”œ

The future of Crypto x AI is about to go crazy.

šŸ‘‰ Here’s what you need to know:

šŸ’  'Based Agent' enables creation of custom AI agents
šŸ’  Users set up personalized agents in < 3 minutes
šŸ’  Equipped w/ crypto wallet and on-chain functions
šŸ’  Capable of completing trades, swaps, and staking
šŸ’  Integrates with Coinbase’s SDK, OpenAI, & Replit

šŸ‘‰ What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto šŸ‘‰txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

šŸ‘‰ Coinbase just launched an AI agent for Crypto Trading

🚨 JAPAN'S SBI CRYPTO HIT BY $21M HACK

SBI Crypto, a leading Japanese TradFi firm’s mining pool and subsidiary of SBI Holdings, was reportedly hit by a $21 million exploit, with investigators attributing the theft to North Korean hackers.

šŸ”‘ Key Points:

šŸ”¹ Exploit Details: Crypto detectives ZachXBT and CyversAlerts identified suspicious outflows totaling ~$21 million from SBI Crypto addresses, affecting BTC, ETH, LTC, DOGE, and Bitcoin Cash. The stolen assets were transferred through five instant exchanges and ultimately deposited into Tornado Cash—a common signature of DPRK-linked attacks.

šŸ”¹ Attribution & Response: While SBI Holdings has not acknowledged the loss publicly, indicators and transaction patterns closely match previous North Korean crypto hacks. Investigators urge caution but take the DPRK allegations seriously due to similarities in modus operandi.

šŸ”¹ Ecosystem Impact: The breach occurred at a time when SBI is expanding its crypto investments—including Bitcoin ETFs and ...

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This Is Insane... Distopia

Pfizer CEO Albert Bourla:- ā€œWe now have an electronic tracking pillā€

ā€œWe know when people have taken the Pharmaceutical Pill because it sends a signalā€

Now imagine your Big Pharma sponsored Government State Mandated Medication that automatically updates to your Digital ID once you’ve taken it.

Refuse to take the pill & ā€˜they’ know and you will be barred from doing what they don’t want you to do.

https://x.com/BGatesIsaPyscho/status/1972950742651548010

Another Off-Ramp šŸ˜‰ Can NEVER Have Too Many Of These.

Meet Phantom Cash šŸ‘»āœØ

The power of crypto šŸ¤Ā the ease of cash.

https://x.com/phantom/status/1973035201950617617

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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šŸ’³ PayPal:Ā 
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šŸ”— Crypto DonationsšŸ‘‡
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, ā€œThe Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.ā€

The data includes Real GDP and the PCE Price Index,Ā which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data šŸ‘‰will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

Source

šŸ™ Donations Accepted šŸ™

If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) or visit https://www.paypal.me/thedinarian

šŸ”— Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain areĀ Eternl,Ā Typhon,Ā Vespr,Ā Yoroi,Ā Lace,Ā ADAlite,Ā NuFi,Ā Daedalus,Ā Gero,Ā LodeWallet,Ā Coin Wallet,Ā ADAWallet,Ā Atomic,Ā Gem Wallet,Ā TrustĀ andĀ Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention toĀ Non-CustodialĀ andĀ CompatibilityĀ fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

šŸ™ Donations Accepted šŸ™

If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) or visit https://www.paypal.me/thedinarian

šŸ”— Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Ā 

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