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The social network X suffered a large-scale cyber attack on March 10, 2025, disrupting user access. Elon Musk mentions a large-scale coordinated operation, possibly orchestrated by a state. On March 10, 2025, Elon Musk confirmed that a massive cyberattack targeted the platform X , formerly Twitter. This information came after thousands of users reported difficulties accessing the social network. “We are attacked every day, but this time, we used a lot of resources. Either a large and coordinated group is involved, or a country is involved,” the billionaire stated on his official account. Downdetector recorded over 33,000 reports of malfunctions during this day. Although X quickly restored the main functionalities, Musk hinted that the attack continued for several hours after its initial detection. This cyberattack is part of a broader context of tensions surrounding Elon Musk’s activities. Several acts of vandalism have recently targeted Tesla stores and vehicles, probably in reaction to the billionaire’s growing involvement in the Trump administration, particularly through the Department of Government Efficiency (DOGE). The timing of this cyberattack is probably not coincidental. Since his appointment by Donald Trump at the head of DOGE after the November presidential election, Elon Musk has become a political target. According to NBC News, at least ten acts of vandalism have targeted Tesla stores and vehicles, seemingly in reaction to the billionaire’s involvement in the new administration. The DOGE, led by Musk, has already reported $105 billion in savings achieved for American taxpayers through more than 10,000 initiatives, according to a real-time tracking tool. The organization would particularly have the SEC (Securities and Exchange Commission) in its sights, which Musk had previously called a “completely failing organization.” This cyber offensive also occurs as Musk faces criticism regarding the proliferation of bots on X. Changpeng Zhao (CZ), former CEO of Binance and investor during the Twitter acquisition, recently publicly challenged Musk on this issue, calling for radical measures against the automated accounts flooding the platform. Three years after the acquisition of Twitter for $44 billion, Elon Musk finds himself facing major security challenges. Between sophisticated cyberattacks and the proliferation of bots, the future of X will depend on its ability to ensure a reliable environment for its authentic users.

US banking attorney: Stablecoins need bank-level regulation Stablecoins should be as safe as insured bank deposits and central bank currency. That’s according to Randy Guynn, a U.S. banking attorney. At a hearing held by the U.S. House Financial Services Committee, he emphasized that the investor protections stipulated in the stablecoin regulation bill should require issuers to follow bank-level regulations. If a licensed stablecoin issuer has adequate liquidity reserves, capital buffers and no real liabilities other than stablecoin liabilities as stipulated in the ‘Stablecoin Regulation Act’ currently under discussion in Congress, it should be as safe as insured bank deposits and central bank currency, Guynn asserted. Caroline Butler, global head of digital assets at U.S. custodian bank BNY Mellon, also appeared before the committee, stating that the U.S. government’s regulatory clarity on stablecoin issuers is absolutely necessary. The ecosystem needs trust and confidence that customer assets are actually protected in accordance with federal laws and regulations by banks providing custody, she believes.

The economy has been fake for a long time. Taxes are the only thing propping it up. We need a real system. Without the IRS, we could fuel our real economy. They have been using our taxes to fatten their pockets and fudge numbers with fake "jobs," etc. We need change.

Axelar Foundation $AXL raises $30M to expand interoperability The Axelar Foundation has raised $30 million through AXL token sales, with backing from Arrington Capital, Electric Capital and others. Some tokens came from community program allocations and are subject to six to 12-month lockups. The funds will help expand stablecoin access and support institutional tokenization of real-world assets (RWAs). Axelar, an interoperability protocol competing with Wormhole and LayerZero, aims to connect institutional private blockchains while maintaining a permissionless, non-custodial and open-source framework, The Block reported.

Arda raises $3M in pre-seed funding led by Lightspeed Capital Oli Harris, former head of digital assets strategy at JPMorgan, has launched Arda, a blockchain-based real estate platform, after securing $3 million in pre-seed funding from Lightshift Capital. According to Fortune Crypto, Arda aims to digitize and streamline property ownership by providing an immutable record of real estate data, reducing due diligence time and operational risks. The funds will be used to develop a product prototype, expand the team and build industry partnerships.