Bitfinity Weekly: Inflection Point
Welcome to Issue #151 of Bitfinity Weekly for our #BITFINIANS community. If this newsletter was forwarded to you, sign up here.
What's in Today's Email?
- Bitcoin Bytes
- Global Crypto News
- In the IC
- This Week in our Blog
- Tweet of the Week
- Meme Time
- A Matter of Opinion
Bitcoin Bytes
Guild Wars: Bitoshi Blockamoto, the creator of Bitmaps, has launched an open working group for building Bitcoin-tethered consensus and standards. Specific guilds have been structured to tackle different work such as education, outreach, partnerships, and more. Interested? You can sign up for a guild here.
Strategic Meme Reserve: GameStop announced its intention to purchase up to $1.3 billion worth of Bitcoin, offering up convertible senior notes to investors in order to buy the cryptocurrency for its corporate reserve, among other corporate purposes. GameStop, the largest video game retailer in the world, has received considerable attention in recent years for being the main "meme stock" company that saw retail investors rally around during the r/wallstreetbets movement.
Cooking with Gas: The Alkanes metaprotocol saw the re-deployment of its first community-created smart contract token. $METHANE, a fair launch free mint, minted out in under four hours, drawing public attention with some of the highest fees per block seen in the past few months, at an average of 35 sats/vB. The original token, deployed last week, was nerfed due to a smart contract exploit.
Swap Meet: Xverse wallet has integrated Runes swapping functionality thanks to a partnership with Sats Terminal, a Bitcoin DeFi aggregation protocol. The latest version of Xverse allows for in-wallet swapping with no minimums without needing to connect and switch between multiple DEXs.
Global Crypto News
A Modest Roar: Crypto.com's affiliated native blockchain token $CRO saw a double digit percentage gain this week, following a partnership announcement with Trump Media Group, that includes an ETF deal. Current U.S. President Trump holds a 53% stake via a trust managed by his son Donald Trump Jr., making him the largest shareholder. The partnership is expected to expand digital asset services internationally.
Shadow Work: Nick Franklin, a blockchain security researcher who built a name for himself in crypto forensics, is linked to the October 2024 hack of Radiant Capital. The incident, which totaled a loss of $50M in siphoned customer funds, was carried out by Lazarus Group, a notorious North Korean hacker team. Franklin initially denied involvement but has since deleted his social accounts.
Friendship Over: Popular Solana memecoin launchpad Pump.fun has a new rival in its old partner, Raydium. Following the announcement and launch of Pump.fun's own decentralized exchange, PumpSwap, Raydium has decided to follow suit and create its on launchpad. Previously, the two protocols worked together, with high market cap Pump.fun tokens 'graduating' to a liquidity pool on Raydium. Raydium's LaunchLab is expected to go live next week.
Amended Return: The U.S. Senate voted to overturn a controversial Biden-era rule that would have forced DeFi platforms to collect and report user information to the IRS. President Trump is expected to sign the annulment as his administration has clarified its intentions to work with the IRS and Office of the Comptroller of Currency to "rescind and amend" related crypto regulations and tax rules that negatively impact American crypto businesses from growing.
In the IC
Courtside Win: A class action lawsuit against the DFINITY Foundation has been dismissed by a California federal judge, citing a three-year statute of repose. The plaintiffs, represented by Freedman Normand (formerly Roche Freedman), failed to offer a response to the defendants' argument that while their initial public offering was in February 2017, the lawsuit was filed in August 2021, placing it beyond the legal timeframe.
Talk the Talk: Episode 3 of World Computer Tech Talks is now live! DFINITY Foundation CTO Jan Camenisch breaks down how ICP provides the solution for secure cloud computing we sorely need in an age of growing cybersecurity threats.
Future Perspective: DFINITY founder Dominic Williams was interviewed by TheStreet Roundtable host Rob Nelson recently. You can catch the entire video and accompanying article here. Williams talks about the inflection point we are currently seeing with AI capabilities, and what the internet and app creation will look like very soon.
This Week in our Blog
Learn how things work under the hood! In this article we explain everything you need to know about ICRC-20 and walk you through step-by-step on how to use Bitfinity for EVM compatibility.
Hans
Tweet of the Week
Bitfinity has multiple explorers and networks. ⚡️
— Bitfinity Network (@bitfinitynet) March 26, 2025
Check out each one and see what you should use it for.👇🏼 pic.twitter.com/df7c131erd
Meme Time
A Matter of Opinion
In a recent interview Dominic Williams, founder of the DFINITY Foundation, highlighted a transformative vision: a future where AI doesn’t just assist developers but autonomously builds applications. This paradigm shift suggests that AI could soon fully take on the heavy lifting of coding, allowing for rapid development and deployment of decentralized applications (dApps) on blockchain platforms. Such a development could democratize app creation, enabling individuals without extensive coding backgrounds to bring their ideas to fruition.
Complementing this is the rise of “vibe coding,” a new trend where developers use AI tools to generate code based on natural language prompts. Coined by OpenAI co-founder Andrej Karpathy, vibe coding emphasizes a more intuitive and fluid interaction with code, allowing developers to “see stuff, say stuff, run stuff,” and achieve functional results. This approach not only accelerates the development process but also lowers the barrier to entry for aspiring developers.
The synergy between AI and blockchain is further highlighted when we consider the necessity of blockchain security in the age of cloud computing. As we create open systems, we must ensure that they are also secure systems, or jeopardize sensitive data such as financial information, biometrics, and more.
What the future holds for humanity as AI grows more powerful, who can say? But regardless of what new developments there are in the weeks and years to come, our team is committed to not only to bring you the best of what DeFi and blockchain technology can offer, but also world class informational content to keep our community on the cutting edge.
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