Text version of the latest “Deconstruction.”
This week, “Deconstruction” focuses on the paradox of Bitcoin’s decline, AI attacks on crypto developers, the Ethereum update crisis, and a recipe for saving DAOs.
Bitcoin Emerges from Crisis
The price of Bitcoin fell below $73,000 amid rising oil prices and the U.S. Treasury’s debt sales. However, analysis of data over 10 years showed no direct correlation between Bitcoin and oil prices.
With the launch of spot ETFs, Bitcoin has changed its status and become structurally independent. The digital currency no longer has to automatically fall in line with traditional markets, so current fluctuations are merely temporary technical noise, not a global trend.
Ethereum Updates
The upcoming Ethereum update (Higota) proposes to include a secure pool for private transfers and a new data structure — Verkle trees. This will reduce blockchain state storage load by 90% and allow network nodes to run on regular smartphones. A mechanism to combat censorship is also planned.
The main issue, however, is that due to the postponement of hard forks and the mass exodus of technical specialists from the Ethereum Foundation, the update schedule is in serious doubt.
New Hacker Tactics
AI-based attacks are now targeting not the user, but the developer and the code supply chain. Hackers upload malicious packages that deceive AI programming assistants (like Claude) and trick the neural network into collecting keys and passwords under the guise of “security scanning.”
As a result, a crypto wallet or DeFi application can be compromised even at the program writing stage, before its official market release.
DAO Rescue Recipe
Fundamental Web3 approaches are in systemic crisis: DAOs lack self-organization, the transition to “teal” is too psychologically costly, and Open Source survives only on donations.
However, these models can work effectively together, covering 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, not just the largest token holders.
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