AI Cracked ColdCard in 8 Minutes ($100M Gone) - The Chopping Block

The Chopping Block crew covers the $100M ColdCard wallet hack caused by a weak randomness bug found in minutes by AI, the community backlash against Ethereum's EIP-8361 staking yield taper, the dramatic blow-up of Leopold Aschenbrenner's AI-focused hedge fund, the pivot of trading volumes toward prediction markets and RWAs, and the CLARITY Act's final-hour ethics compromise. Key market takeaways include a bearish view on Ethereum's monetary credibility, signs that retail crypto participation has evaporated, and the rise of event contracts as the new hot trading product. - ColdCard's Bitcoin-only hardware wallet drained of ~$100M after a five-year-old weak-RNG bug, uncovered by AI models in minutes. - Tarun Chitra slams Ethereum's EIP-8361 yield taper as a policy flip-flop that destroys ETH’s credibility as hard money. - Leopold Aschenbrenner’s hedge fund lost 67% in a few days due to leveraged long positions in AI and Korean equities, resembling a levered-beta blow-up. - Robinhood’s prediction market revenue surpassed equities and crypto, and RWA volumes on Hyperliquid are flipping crypto trading, signaling a shift in speculative appetite. - Retail crypto engagement has vanished; even a historic Korean stock market crash failed to stir on-chain activity, suggesting a new low-volatility regime. - The CLARITY Act’s passage now hinges on a last-minute ethics compromise; prediction markets price a 25% chance of passage this year and 30% by 2027.