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Quote Of The Day By Mel Brooks: ‘Tragedy Is When I Cut My Finger…’ – SlashFilm

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    Quote Of The Day By Mel Brooks: ‘Tragedy Is When I Cut My Finger…’ – SlashFilm






    Mel Brooks was born Melvin James Kaminsky on June 28, 1926 in Brownsville, Brooklyn. He was only two years old when his father, Max Kaminsky, died of tuberculosis, and he believes his sense of humor is rooted in anger over this.

    He got his start in showbiz working resorts in the Catskills, but after trying his hand at drumming under the tutelage of Buddy Rich, he found his calling in comedy at the age of 16. He changed his name to Mel Brooks around this time (to avoid being confused with jazz trumpeter Max Kaminsky), and, after seeing death up close while serving in the U.S. Army at the end of World War II, he returned to New York and joined the writing staff of “Your Show of Shows” alongside Sid Caesar, Neil Simon, and Carl Reiner.

    Brooks and Reiner became on-camera comedy stars in 1959 with their “The 2,000 Year Old Man,” but Brooks’ didn’t truly skyrocket until he made his feature debut by writing and directing “The Producers” in 1967. The showbiz satire earned him the Academy Award for Best Original Screenplay, at which point he was a comedy brand. “The Twelve Chairs,” “Blazing Saddles,” and “Young Frankenstein” established him as a comedy maestro, and while Brooks never reached those heights again, films like “High Anxiety,” “History of the World, Part I” and “Spaceballs” have endured. (Here’s our complete ranking of his directorial efforts.)

    Still, if you’re looking for the secret to Brooks’ comedic genius, it’s less to do with anger than self-love.

    Quote of the Day by Mel Brooks

    “Tragedy is when I cut my finger. Comedy is when you fall into an open sewer and die.”

    Brooks has shared this quote and reworded it many times over, but I don’t think he’s ever given a clearer explanation of it than he did while being interviewed for PBS’ American Masters. Per Brooks:

    “What I think I’m trying to illustrate is the innate, incredible selfishness, the love for ourselves and every human being. We like other people, we do, but if we look in a mirror or we think about ourselves, it’s a deep love. I’m head over heels in love with myself! I gotta tell you that. Every night before I go to bed I try to kiss myself. It’s hard. I’m gonna stop and do it for a minute. [Kisses the back of his hand] ‘The best. Who could be better? No one, you’re so cute. You’re adorable. I love you.'”

    This is a funny elaboration, but I’ve always taken something different from the quote.

    The Deeper Meaning of Mel Brooks’ Quote — At Least It’s Not Happening To Me

    As someone who tends to be ambivalent about themselves, self-love does not factor into my delight at other people’s comedic misfortune. It’s all about intent and execution. Take for instance the moment Zero Mostel douses a “hysterical” Gene Wilder with water in “The Producers,” prompting the panicked character to exclaim, “I’m wet! I’m hysterical … and I’m wet!” As a human being, I should feel great sympathy for Wilder. But the situation is so silly, and, most importantly, isn’t happening to me, so all I can do is howl.

    Or in “Blazing Saddles,” when Alex Karras’s Mongo punches the horse. I love animals, and, obviously, abhor animal cruelty! But establishing Mongo as an unfeeling brute in this manner is a hoot.

    This extends to black comedy, where you laugh at cold-blooded murder if the tone is correctly set (or, hell, even armageddon if we’re talking “Dr. Strangelove or: How I Learned to Stop Worrying and Love the Bomb”). “Step Brothers” features a scene where Will Ferrell and John C. Reilly beat the crap out of a bunch of kids. And going back to “Blazing Saddles,” what about the sight of two outlaws tuning up an elderly woman (“Have you ever seen such cruelty?”).

    Life is rough, and sometimes it’s funny when the rough stuff is happening to someone else.

    More Quotes from Mel Brooks

    Mel Brooks is a quote machine. It’s hard to single out his best remarks, but these are some of my favorites.

    “My movies rise below vulgarity.”
    “Look at Jewish history: Unrelieved lamenting would be intolerable. So, for every ten Jews beating their breast, God designated one to be crazy and amuse the breast-beaters. By the time I was five I knew I was that one.”
    “Farts are a repressed minority. The mouth gets to say all kinds of things, but the other place is supposed to keep quiet. But maybe our lower colons have something interesting to say. Maybe we should listen to them. Farts are human, more human than a lot of people I know.”
    “I’m the only Jew who ever made a buck off Hitler.”
    “I like people with big talents and small neuroses — not always an easy combination to find. I’ve discovered that if the neurosis is too big, it diminishes the talent and you wind up working too hard for what you get. I reserve the right to be the only psychotic on the set.”
    “I got nothing against cheap jokes — if they work. Funny is money.”
    “I think every human being has hundreds of separate people living inside his skin. And the talent of a writer is directly related to his ability to give them separate names, identities, personalities and have them relate to other characters living within him.”
    “Gene [Wilder] acts like a bird flies. Learns all his technique and then leaves the earth and flies around the set like a crazy Jewish bird. And his instincts are always right.”




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    AI Diaries: Weekly AI News and Updates (July 21, 2026)

    AI Diaries: Weekly AI News and Updates (July 21, 2026)


    Welcome back to another edition of my AI Diaries. I’ve been tracking the incredible pace of artificial intelligence this week, and honestly, the landscape is shifting faster than I’ve ever seen. We aren’t just looking at software updates anymore; we are watching the foundation of our entire tech economy being re-evaluated in real-time.

    When I sit down to research these weekly roundups, I’m usually looking for cool new tools to play with. But this week? This week was heavy. Between China’s massive open-source breakthrough, OpenAI’s sudden leap into physical hardware, and some very serious economic warnings from top analysts, there is a lot to unpack.

    Let’s skip the fluff and dive right into the developments that are actively rewriting our digital future.

    The Breakthrough of the Week: China’s Kimi K3 Disrupts the Market

    If there’s one thing that dominated my feed this week, it’s Kimi K3. Coming out of China, this open model has completely disrupted the top-tier AI race. We are used to proprietary, closed models holding the crown, but Kimi K3 is delivering performance on par with the absolute best models on the market, like GPT-5.6 Sol and Claude Fable 5.

    Here is why this matters:

    Massive Scale: It’s a 2.8 trillion parameter beast built for advanced reasoning, long-session coding, and complex professional workflows.Incredible Memory: It boasts a 1 million token context window. This means you can feed it absolute mountains of text in a single prompt, and it won’t forget the beginning by the time it reaches the end.Cost Efficiency: It’s doing all of this at a fraction of the cost of its Western competitors.

    The hype around this is very real. In fact, I was amazed to see that Moonshot (the company behind Kimi) actually had to pause new subscriptions because they simply couldn’t handle the sheer volume of server requests. If an open model can match the heavyweights for cheaper, the entire pricing structure of the AI industry might be forced to change.

    OpenAI Enters the Hardware Game: Codex Micro and Beyond

    OpenAI threw a curveball this week by revealing their very first piece of physical hardware. Partnering with the keyboard manufacturer Work Louder, they announced the Codex Micro—a mini, functional keyboard specifically designed to control your AI agents.

    Physical AI Control: The keys don’t just type; they change colors to give you real-time physical feedback on what your autonomous AI agents are doing in the background. It feels very tactile, and as someone who loves a good desk setup, I honestly kind of want one.The Smart Speaker Rumor: More interestingly, leaks suggest OpenAI is gearing up to launch a next-gen AI smart speaker. Built in collaboration with Jony Ive’s (yes, the former Apple design legend) io Products, this device is expected to use cameras and sensors to contextually understand its environment.

    It looks like OpenAI is realizing that to truly dominate, AI needs to break out of the browser tab and become a physical presence in our homes.

    The Warning Bells: Economists and Analysts Sound the Alarm

    While the tech keeps advancing, the economic reality of the AI boom is starting to make some very smart people very nervous.

    “We Must Act Now” Manifesto

    More than 200 leading experts—including Nobel laureate economists like Daron Acemoğlu and top researchers from OpenAI and Anthropic—released a joint manifesto this week. They are bluntly stating that AI will cause an economic transformation larger than the Industrial Revolution, but in a vastly compressed timeframe. If governments and industries don’t prepare immediately, the workforce shock could be devastating.

    The “OpenAI Bubble” Warning

    I spent a good hour reading a massive 15,000-word essay published by tech analyst Ed Zitron this week, and it gave me chills. Zitron argues that we aren’t necessarily in an “AI bubble,” but specifically an “OpenAI bubble.”

    His perspective is that the entire global tech market is so heavily leveraged on OpenAI’s success that if the company stumbles, it could trigger a catastrophic chain reaction across global tech stocks. He even went as far as comparing OpenAI to Lehman Brothers before the 2008 financial crash. It’s a heavy thought—are we relying too much on a single company to carry the future?

    The World’s First True “Agentic” AI Phone: StepX Neo

    We’ve heard the term “AI phone” tossed around loosely for a while now, usually just meaning a phone with a magic eraser for photos. But Chinese AI firm StepFun just announced the StepX Neo, claiming it’s the world’s first true “AI agentic” smartphone.

    Instead of opening apps and tapping around, you simply speak natural language commands. The phone’s OS understands your intent and operates multiple apps and system tools on its own to complete the task. If this actually works smoothly in the real world, it’s going to completely redefine mobile UX.

    Fresh AI Tools I’m Eyeing This Week

    Beyond the heavy news, the developer community dropped some incredible new toys for us to play with. Here is what caught my eye:

    MobileWan: This is huge for mobile creators. It brings Alibaba’s generative AI video model (Wan) directly to your smartphone, running locally. No massive cloud fees, just pure video generation in your pocket.Nvidia PiD v1.5: Nvidia dropped a major update to their image upscaling tool. If you work with low-res assets, this is a lifesaver.Lucida: I test a lot of background removal tools, and this one currently feels like absolute magic. It handles complex edges effortlessly.Motion4Motion: This blew my mind. You can take the physical motion from one video and instantly map it onto a completely different object in another video. The meme potential alone is terrifyingly high.Google Vids Update: You can now create a fully speaking digital avatar of yourself using nothing but a single selfie and a voice snippet.Google GNM: A brand new tool from Google focused on generating hyper-detailed, photorealistic 3D face models.

    Quick Hits from the AI Ecosystem

    To wrap things up, here are the rapid-fire headlines you need to know from the broader AI space this week:

    Oops: OpenAI admitted that a bug in GPT-5.6 accidentally deleted user files. (Always back up your work, guys!)Delays: Google pushed back the launch of Gemini 3.5 Pro due to ongoing technical struggles with its coding capabilities.Search is Alive: Despite the rise of AI chatbots, Google’s daily global web visits actually grew by 4% in June, hitting 2.8 billion.Local Support: Turkey’s KOSGEB announced zero-interest credit support (up to 5 million TL) for tech startups investing in AI infrastructure.EU Crackdown: The European Union is officially forcing Google to allow rival AI applications greater access within Android and Google Search.Rebranding: Google NotebookLM is dead; long live Gemini Notebook.Grim Reality: CIA Director John Ratcliffe stated that AI-powered drones are reshaping modern warfare, claiming the life expectancy of a Russian soldier on the Ukrainian front lines is now just 20-30 minutes.Massive Hardware Buys: SpaceX is buying 1 million Nvidia GB300 GPUs via Foxconn to massively scale its AI infrastructure.National AI: Nvidia and Japan are building the world’s first national AI infrastructure—a 140 MW facility powered by 27,500 Rubin GPUs focused on robotics.Robotics: Nvidia officially unveiled its new, dedicated AI platform specifically designed to train humanoid robots.Power Hungry: Data centers in Ireland now consume almost as much electricity as all the residential homes in the entire country combined.Safety Features: OpenAI is rolling out a new feature that will automatically notify the parents of teenagers if the teen’s ChatGPT access gets banned for violating violence policies.The Climate Cost: Microsoft’s carbon emissions spiked by 25% this year, hitting 34 million metric tons, driven almost entirely by their AI data center expansion.Trillion-Dollar Future: SoftBank’s CEO casually predicted that by 2040, the AI industry will require an investment of $5 trillion per year.Chip Expansion: TSMC (Taiwan Semiconductor) is pouring an additional $100 billion into its US-based AI chip manufacturing facilities, on top of their already planned $165 billion investment.

    It’s been a whirlwind of a week. From brilliant new creative tools that make my job as a content creator easier, to the very real anxieties about energy consumption and economic bubbles. Every week, it feels like we are writing science fiction into reality.

    I’m curious to hear your take on all of this. Out of everything that happened this week, does the prospect of highly capable autonomous AI agents running your phone excite you, or does the warning of a looming “OpenAI Bubble” keep you up at night? Let me know in the comments below!

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    Wanchain Cardano Bridge Exploited, Hackers Stole $10M in NIGHT Tokens

    Wanchain Cardano Bridge Exploited, Hackers Stole M in NIGHT Tokens


    In a fresh setback for cross-chain infrastructure, security firm BlockSec’s Phalcon monitor reported on July 21, 2026, that Wanchain’s bridge connecting Cardano to BNB Chain was exploited, resulting in the theft of approximately 515.2 million $NIGHT tokens (approximately $10 million) from the bridge treasury. 

    The incident, which unfolded in just four rapid transactions over an eight-minute window, highlights persistent vulnerabilities in bridging solutions despite years of industry warnings.

    Security firm BlockSec reported a bridge exploit on July 21, 2026, resulting in $10 million theft

    The incident occurred in four rapid transactions over eight minutes, due to a signed-message encoding flaw

    The attacker funneled stolen tokens into a Cardano wallet, then liquidated 90% through DEX swaps

    According to initial analysis shared by BlockSec, the root cause appears to be a non-injective signed-message encoding flaw in the TreasuryCheck validator. The signed message was constructed by raw-concatenating 14 variable-length redeemer fields without proper delimiters or length prefixes. This design allowed different field-value combinations to produce identical byte strings, hashes, and therefore valid signature reuses — a classic attack vector that has plagued multiple protocols. 

    The attacker funneled the stolen tokens into a primary wallet on Cardano before aggressively liquidating roughly 90% of the haul through DEX swaps and DeFi protocols. At prevailing prices around $0.01950 per token, the drained amount equates to roughly $10 million in realized value.  

    “We are aware of an incident affecting the Cardano BNB Chain bridge, resulting in the withdrawal of NIGHT tokens from the bridge contract on Cardano. The Wanchain Bridge is currently unavailable to users,” said the Wanchain team in a statement. “Please know that this has our full attention. We are committed to full transparency and will share an update as soon as our investigation is complete. We are grateful for your patience and trust.” 

    NIGHT, the native token of the privacy-focused Midnight blockchain incubated by Input Output (the entity behind Cardano), plunged more than 30–40% intraday, hitting a new all-time low.

    Midnight Network quickly issued a statement clarifying that the core Midnight protocol and its Layer-1 remain uncompromised. The breach was confined to Wanchain’s third-party bridging infrastructure. “This incident does not reflect any vulnerability in the underlying Midnight blockchain,” the team emphasized, while acknowledging the short-term market impact from the sudden sell pressure. 

    This event adds to a long list of bridge exploits that have cost the industry billions since 2017. High-profile cases like Ronin ($624M), Wormhole ($326M), and more recent 2026 incidents underscore how bridges often become the weakest link in DeFi due to complex message verification, validator dependencies, and economic incentives for attackers. Wanchain had previously marketed its multi-year track record of security, making today’s breach particularly notable.

    This is a developing story and more information will be added as the event unfolds. 

    Also read: Polygon Nears Ethereum, Robinhood in Daily DEX Trading Volume


    Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.






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    Top 25 Bizarre Movies on Netflix: A Mind-Bending Journey | MarkMeets Media

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      Top 25 Bizarre Movies on Netflix: A Mind-Bending Journey | MarkMeets Media


      If you’re looking for something that breaks away from the usual rom-coms, thrillers, or action-packed blockbusters, Netflix has a treasure trove of bizarre, strange, and utterly unique films that will leave you both scratching your head and questioning reality. Some movies are just plain weird—and we mean that in the best possible way! Whether you’re into surreal plots, unconventional storytelling, or characters that seem plucked straight from a fever dream, Netflix has got your back. So, let’s dive into the top 50 bizarre movies on Netflix, from mind-bending cult classics to modern cinematic oddities.

      What Makes a Movie Bizarre?

      Before we get into the list, let’s clarify: what exactly makes a movie “bizarre”? These films often break away from traditional storytelling, have unexpected twists, or feature characters that feel a little too strange for comfort. They’re experimental, unorthodox, and sometimes outright bonkers. Whether they play with reality, have a non-linear narrative, or just leave you thinking, “What did I just watch?” bizarre movies can challenge our perceptions, mess with our heads, and even create entirely new cinematic experiences.

      Psychological Mind-Twisters

      1. The PlatformIf you like films that mix dystopian themes with unsettling psychological undertones, The Platform is for you. Set in a vertical prison where food is delivered from the top down, it’s a tense and disturbing exploration of human survival instincts.

      2. I’m Thinking of Ending ThingsThis movie doesn’t just play with your mind—it takes it on a wild ride through the depths of existential dread. As a couple takes a road trip to visit the boyfriend’s parents, reality begins to unravel in strange and unexpected ways.

      3. The LighthouseClaustrophobic and surreal, The Lighthouse is about two lighthouse keepers slowly losing their grip on sanity. The monochromatic visuals and eerie atmosphere only add to the film’s bizarre and nightmarish quality.

      4. CamA psychological thriller about a webcam model who discovers her online identity has been stolen by a doppelgänger. This eerie movie takes a deep dive into the world of online personas and the fears tied to losing control over one’s digital self.

      Dark Comedies and Absurdist Humor

      5. The LobsterImagine a world where single people must find a partner within 45 days or be turned into an animal of their choice. Yep, that’s the premise of The Lobster. Darkly humorous and downright strange, it’s a bizarre commentary on relationships and societal expectations.

      6. Swiss Army ManIt’s not every day you see Daniel Radcliffe play a farting, reanimated corpse that helps a stranded man find his way back to civilization. Equal parts heartwarming and absurd, Swiss Army Man is as weird as it gets.

      7. Sorry to Bother YouWhat starts as a satirical take on corporate culture quickly turns into one of the most bizarre movies of the decade. With its sharp social commentary and absurd plot twists, Sorry to Bother You will keep you on your toes.

      8. The Dead Don’t DieThis zombie comedy by Jim Jarmusch is as dry and deadpan as it is gory and weird. Featuring an all-star cast, this offbeat horror-comedy feels more like an existential meditation on the apocalypse than a typical zombie movie.

      Supernatural and Sci-Fi Oddities

      9. Under the SkinStarring Scarlett Johansson as an extraterrestrial being luring men into a deadly trap, Under the Skin is visually haunting and deeply unsettling. It’s one of those films that leaves you thinking about it long after the credits roll.

      10. AniaraA Swedish sci-fi film about a spaceship bound for Mars that goes off-course, forcing its passengers to confront their existential dread. It’s slow-paced, surreal, and deeply philosophical—a real oddity for fans of cerebral sci-fi.

      11. MirageTime travel, alternate realities, and a mysterious murder—Mirage blends elements of science fiction and psychological drama into a bizarre but gripping narrative. It’s a Spanish thriller that will leave you questioning what’s real and what’s not.

      12. Donnie DarkoNo list of bizarre movies is complete without Donnie Darko. This cult classic dives deep into themes of time travel, alternate dimensions, and teenage angst, all while keeping the audience thoroughly confused (in a good way).

      Foreign Films with a Strange Twist

      13. Holy MotorsThis French film takes you on a surreal journey as it follows a man who assumes different identities throughout a single day. It’s visually stunning, narratively baffling, and undoubtedly one of the weirdest films you’ll ever see.

      14. The OrnithologistA Portuguese adventure drama that morphs into something almost unrecognizable. What starts as a straightforward nature expedition spirals into a surreal religious journey, blending the bizarre with the spiritual.

      15. A Field in EnglandThis black-and-white British film is part historical drama, part hallucinogenic nightmare. As a group of men searches for treasure in an English field, reality begins to unravel in strange and disturbing ways.

      Horror with a Twist of Weirdness

      16. MidsommarA horror movie that takes place entirely in broad daylight, Midsommar subverts expectations at every turn. Set in a Swedish commune, this slow-burn horror film is as visually stunning as it is bizarre.

      17. The PerfectionWhat starts as a story about a rivalry between two talented cellists quickly turns into a shocking, twist-filled thriller. The Perfection is one of those movies where the less you know going in, the better.

      18. Velvet BuzzsawSet in the Los Angeles art world, Velvet Buzzsaw mixes horror with satire in a bizarre commentary on the value of art. When cursed paintings begin to wreak havoc, the line between art and reality starts to blur in gruesome ways.

      Biographical Dramas with a Weird Edge

      19. The Disaster ArtistThis film chronicles the making of The Room, widely regarded as one of the worst films ever made. Starring James Franco as the eccentric Tommy Wiseau, The Disaster Artist is both a celebration and a parody of bizarre filmmaking.

      20. My Friend DahmerA biographical drama about serial killer Jeffrey Dahmer’s teenage years, My Friend Dahmer offers a disturbing look into the mind of one of the most infamous murderers in history. The film’s unnerving portrayal of Dahmer’s awkward adolescence makes it truly unsettling.

      Quirky Love Stories with a Twist

      21. HerImagine falling in love with your operating system. That’s the premise of Her, where a man forms an emotional bond with an AI named Samantha. It’s a love story unlike any other, exploring themes of technology, loneliness, and human connection.

      22. Eternal Sunshine of the Spotless MindWhen a couple decides to erase each other from their memories after a painful breakup, the result is a strange, surreal love story about the persistence of feelings. This movie is as emotionally complex as it is visually strange.

      Experimental Films That Challenge Perception

      23. AnnihilationA sci-fi thriller that dives deep into themes of self-destruction and transformation, Annihilation is visually breathtaking and incredibly strange. The surreal landscapes and terrifying creatures within the “Shimmer” make this a must-watch for fans of the bizarre.

      24. The Killing of a Sacred DeerThis psychological thriller blends Greek mythology with modern horror, creating a chilling and bizarre tale of revenge and moral dilemmas. With its eerie atmosphere and unsettling characters, it’s an unsettling ride from start to finish.

      Cult Classics You Can’t Miss

      25. Being John MalkovichThis film allows its characters (and the audience) to literally step inside the head of actor John Malkovich. Strange, funny, and thought-provoking, it’s a one-of-a-kind movie that takes the concept of “getting into someone’s head” to a whole new level.

      26. Mulholland DriveDavid Lynch’s Mulholland Drive is a fever dream of a movie. With its disjointed narrative and surreal imagery, it’s widely considered one of the most bizarre films ever made. But don’t expect to understand it on the first viewing!

      (Continued in the following sections: More Psychological Thrillers, Quirky Comedies, Unsettling Horror Flicks, Unique Animated Films, International Bizarre Gems, Surreal Dramas, and Unexpected Twists in Sci-Fi)

      Conclusion: Embrace the Strange

      When it comes to bizarre movies, Netflix has no shortage of films that will challenge, confuse, and captivate you. Whether you’re looking for psychological mind-benders, absurd comedies, or horror films with a twist, there’s something weird for everyone on this list. So grab some popcorn, sit back, and let these bizarre films take you on a ride you’ll never forget.

      FAQs

      1. What is the weirdest movie on Netflix right now?The title of the weirdest movie on Netflix could go to I’m Thinking of Ending Things due to its bizarre narrative and surreal atmosphere.

      2. Are bizarre movies only for specific tastes?Not necessarily! If you’re open-minded and like films that challenge conventional storytelling, you might find bizarre movies highly entertaining.

      3. What are some other platforms with bizarre movies?In addition to Netflix, platforms like Amazon Prime, Hulu, and even indie streaming services like MUBI offer a wide range of bizarre and experimental films.

      4. Why do people enjoy bizarre movies?Bizarre movies often provoke thought, stir emotions, and break the monotony of standard filmmaking, making them attractive to those seeking unique experiences.

      5. Do bizarre movies make sense in the end?Not always, and that’s part of their charm! Many bizarre movies are intentionally open-ended or ambiguous, leaving room for interpretation.

      Author Profile

      Mark Meets
      MarkMeets Media is British-based online news magazine covering showbiz, music, tv and movies



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      Hyperliquid Plans Permissionless Outcome Markets With HIP-4 Upgrade, Expanding Prediction Market Ambitions – NFT Plazas

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        Hyperliquid Plans Permissionless Outcome Markets With HIP-4 Upgrade, Expanding Prediction Market Ambitions – NFT Plazas


        Hyperliquid is preparing to open its outcome markets to permissionless deployment, marking the next phase of its HIP-4 upgrade and positioning the decentralized exchange to compete more directly in the rapidly expanding prediction market sector.

        The project announced on July 20 that a future network upgrade will allow qualified users — not just validators — to launch prediction markets on Hyperliquid. The feature will first be introduced on testnet before eventually expanding to mainnet, giving developers time to test the infrastructure and refine the system before a wider rollout.

        The move represents a significant evolution for HIP-4, also known as Outcome Markets, which initially launched on Hyperliquid’s mainnet in May. While the first version relied on validators to create and oversee markets, the upcoming enhancement aims to decentralize the process by allowing community members to deploy markets themselves under standardized, validator-approved rules.

        Hyperliquid Plans Permissionless Outcome Markets With HIP-4 Upgrade (Source: Telegram)

        Hyperliquid Plans Permissionless Outcome Markets With HIP-4 Upgrade (Source: Telegram)

        A builder-focused approach to prediction markets

        Prediction markets have become one of the fastest-growing sectors in crypto, enabling users to trade on the outcomes of real-world events rather than traditional financial assets. Participants can speculate on everything from central bank interest rate decisions and election results to sporting events and entertainment announcements.

        The market has been led by platforms such as Polymarket and Kalshi, whose growing popularity has also attracted major centralized companies including Coinbase and Robinhood. These firms are increasingly integrating prediction products alongside traditional crypto and financial trading services as demand for event-based markets accelerates.

        Hyperliquid believes the universe of possible outcome markets is far larger than the number of spot or perpetual trading pairs available on traditional exchanges. Because new events emerge constantly, the protocol argues that permissionless deployment is essential for scaling the ecosystem beyond what validators alone could support.

        Instead of requiring the protocol to manually approve every new market, HIP-4 will allow deployers to create markets using templates that have already been approved through validator voting. Those templates will define the rules, settlement conditions, and market structure, ensuring consistency while allowing anyone meeting the protocol’s requirements to launch new prediction markets.

        According to Hyperliquid, multiple deployers will even be able to create markets based on the same template, encouraging competition while maintaining standardized rules.

        Strict staking requirements designed to maintain quality

        Although the deployment process will become permissionless, Hyperliquid is introducing substantial economic safeguards intended to discourage poor-quality markets or incorrect settlements.

        Anyone wishing to launch outcome markets will be required to stake 500,000 HYPE tokens for six months. During that period, validators will retain the authority to slash part or all of the stake if a market violates protocol standards.

        The proposal outlines several situations that could trigger penalties, including:

        Markets with ambiguous or poorly defined outcomes.Incorrect settlement that conflicts with the approved template.Markets that remain unresolved more than one week after the event outcome becomes known.

        Deployers will only be able to unstake after every market they created has been properly settled.

        The framework closely resembles Hyperliquid’s HIP-3 model for permissionless perpetual futures, where staking requirements also serve as a quality control mechanism while minimizing centralized oversight.

        Validator-approved templates remain central

        Rather than allowing unrestricted market creation, Hyperliquid plans to preserve quality through standardized templates voted on by validators.

        These templates will be stored and enforced on-chain, creating a common framework for market definitions and settlement rules. Deployers will be free to choose any approved template but must strictly follow its requirements when creating and resolving markets.

        Hyperliquid said this approach balances decentralization with reliability, reducing the risk of confusing or manipulable prediction markets while still enabling permissionless innovation.

        The project also expects validator-created “canonical” markets to continue existing, although they are expected to become increasingly uncommon. Ideally, Hyperliquid said, fewer than ten validator-operated markets will be launched each year once permissionless deployment becomes fully operational.

        Revenue incentives for market creators

        Beyond opening market creation to the community, Hyperliquid also plans to financially reward deployers.

        Future versions of HIP-4 will allow deployers to collect up to 50% of the trading fees generated by the markets they launch. Although configurable fee sharing is not yet available, the feature is intended to encourage builders to create high-quality prediction markets that attract sustained trading activity.

        Initially, each deployer will receive an allocation allowing the creation of 100 outcomes, equivalent to 200 outcome tokens. Hyperliquid said it intends to introduce an auction mechanism in a later upgrade that would enable deployers to expand those quotas.

        The project noted that the current design remains preliminary and may change based on community feedback gathered during the testnet phase.

        Stablecoin settlement and ecosystem expansion

        At launch, HIP-4 outcome markets will support only AQAv2 quote assets, which are settled using stablecoins participating in Hyperliquid’s Aligned Quote Asset framework.

        Under that framework, stablecoin issuers must also stake 500,000 HYPE while contributing the majority of reserve-generated yield back to the protocol.

        In June, Coinbase registered USDC under the program, making it eligible to become Hyperliquid’s primary settlement asset in the future and potentially replacing USDH as the platform’s default settlement currency.

        The integration reflects Hyperliquid’s broader effort to expand its infrastructure beyond perpetual futures into a more comprehensive on-chain financial ecosystem.

        HYPE continues to gain momentum

        The HIP-4 announcement arrived as Hyperliquid continues to strengthen its position within decentralized derivatives.

        According to market data from Coinglass, HYPE futures open interest recently approached $2.6 billion, putting the token nearly level with XRP futures in one of the closest races among major crypto derivatives markets. Meanwhile, Hyperliquid’s perpetual futures platform recorded approximately $266 billion in monthly trading volume during June, representing a 34% increase from May.

        Following Sunday’s announcement, HYPE briefly climbed from an intraday low near $59.88 to above $60.50 before trading around $61.13. Although the price later softened alongside the broader crypto market, the token remains up more than 138% year to date.

        Hyperliquid (HYPE) Price Performance (Source: CoinMarketCap)Hyperliquid (HYPE) Price Performance (Source: CoinMarketCap)

        Hyperliquid (HYPE) Price Performance (Source: CoinMarketCap)

        If the permissionless rollout proceeds as planned, Hyperliquid could significantly expand beyond its core derivatives business by tapping into one of crypto’s fastest-growing segments. By combining decentralized deployment, validator oversight, and economic incentives, HIP-4 aims to create a scalable framework for prediction markets while preserving market integrity as participation grows.



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        The Architecture of a Digital Prison: CERN, Stargate, and Our Algorithmic Future | Metaverse Planet

        The Architecture of a Digital Prison: CERN, Stargate, and Our Algorithmic Future | Metaverse Planet


        I always find myself holding my breath waiting for that specific breaking point in sci-fi movies—the moment where humanity realizes they’ve gone too far, and the machine wakes up. But while digging into the tech news this week, a chilling realization hit me: what if we are living through that exact scene right now, and we are just too distracted to notice?

        Lately, I’ve been connecting some dots that feel like they belong in a cyberpunk thriller rather than our daily reality. On one side of the globe, the world’s largest machine has quietly powered down. On the other, a mountain of capital is being poured into an artificial intelligence system so massive it bends the mind.

        I can’t help but ask myself: are we just building better tools, or are we laying the foundation for a silent digital prison?

        The Quiet Pause of the God Machine

        Let’s talk about CERN for a second. The Large Hadron Collider—the pinnacle of human engineering—has gone into a prolonged, quiet shutdown phase.

        When I looked into the timeline of its planned reopening, something stood out to me. The schedule aligns almost too perfectly with the finish line for major global development goals and agendas. While the general public is distracted by daily social media outrage and geopolitical theater, the most complex physics experiment in history is silently shifting gears.

        The Timing: It’s not just a maintenance break; it’s a strategic realignment.The Focus: While the collider sleeps, the data it generated is being fed into increasingly complex computational models.The Distraction: We are looking at our screens, but the real moves are being made in underground tunnels and heavily guarded server farms.

        Project Stargate: A $500 Billion Brain

        While CERN rests, the United States is quietly gearing up to build something unprecedented: Project Stargate.

        When I first read the estimated budget for this AI supercomputer, my jaw literally dropped. $500 billion. Let that sink in. To put it in perspective, that is more than the GDP of entire countries. You don’t spend half a trillion dollars just to make a chatbot that writes better corporate emails or an image generator that creates funny pictures of cats in space.

        So, what is it really for?

        Hyper-Scale Processing: Stargate aims to push AI beyond current limitations, creating a centralized intelligence grid.Predictive Power: With this level of computing, algorithms won’t just analyze past behavior; they will forecast global trends, economic shifts, and human reactions.Energy Consumption: A machine this size requires the energy output of several nuclear reactors, physically altering the landscape to feed its hunger for data.

        Are We Rehearsing for a Digital Prison?

        This is where my tech enthusiasm crashes into genuine anxiety. I love AI—I use it, I write about it, I explore it. But combining the esoteric scientific ambitions of places like CERN with a half-trillion-dollar predictive machine like Stargate feels like we are crossing an invisible threshold.

        I am seriously worried about the underlying architecture of these algorithms. What happens when a system is so powerful that it can predict our choices before we even make them?

        If an algorithm knows what you will buy, who you will vote for, and what you will believe based on your digital footprint, do you still have free will? Or are you just playing out a script written by a server farm in the middle of a desert? A digital prison doesn’t need iron bars if it can build walls out of your own predictable habits and dopamine loops.

        We aren’t just observing the future right now; we are actively rehearsing it. Every click, every interaction, every piece of data we surrender is a brick in this new architecture.

        I’ve shared my fears, but I want to know where you stand. Are we blindly walking into a beautifully designed trap, or am I just overthinking the natural evolution of human technology? Let me know below—I’ll be reading every single comment.

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        South Korea Cracks Down on 40 Crypto Manipulation Cases Since the 2024 Law – NFT Plazas

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          South Korea Cracks Down on 40 Crypto Manipulation Cases Since the 2024 Law – NFT Plazas


          South Korea’s financial regulators have investigated around 40 cases of suspected crypto market manipulation since the country’s landmark Virtual Asset User Protection Act took effect in July 2024, underscoring the government’s increasingly aggressive approach to policing digital asset markets.

          The figures, released by the Financial Services Commission (FSC) to mark the law’s second anniversary, show that authorities have referred more than 30 confirmed cases to investigative agencies for prosecution. The investigations identified 25 suspects during the law’s first two years, reflecting regulators’ efforts to eliminate unfair trading practices and strengthen investor confidence in the country’s cryptocurrency market.

          The enforcement update offers one of the clearest pictures yet of how South Korea has implemented one of Asia’s most comprehensive crypto regulatory frameworks, combining specialized investigations, digital forensics, financial penalties, and plans for AI-powered market surveillance.

          South Korea Cracks Down on 40 Crypto Manipulation Cases Since the 2024 Law

          South Korea Cracks Down on 40 Crypto Manipulation Cases Since the 2024 Law

          Virtual Asset User Protection Act Reaches Two-Year Milestone

          South Korea enacted the Virtual Asset User Protection Act on July 19, 2024, creating the country’s first dedicated legal framework for protecting cryptocurrency investors and combating market abuse.

          The legislation gives regulators greater authority to investigate and punish illegal activities, including price manipulation, insider trading, and other unfair trading practices. It also requires virtual asset service providers to strengthen customer asset protection and internal compliance systems.

          To support enforcement, the FSC established a specialized investigation unit dedicated to virtual asset markets. Authorities also expanded digital forensic capabilities and refined the operation of the penalty surcharge system.

          These measures enabled regulators to complete roughly 40 investigations during the law’s first two years. More than 30 confirmed cases have already been referred to investigative agencies for criminal proceedings, demonstrating the government’s willingness to pursue serious enforcement actions.

          Illegal Gains Reached Billions of Won

          The enforcement statistics highlight the significant profits generated through crypto market manipulation.

          According to the FSC, the average illicit gain reached approximately 1.4 billion won (about $1 million) per case.

          Eight investigations involved illegal profits ranging from 500 million won to 5 billion won, while one case exceeded 5 billion won.

          Authorities have also begun imposing substantial financial penalties under the law. In two completed cases, regulators levied penalty surcharges equivalent to 125% to 165% of the offenders’ illicit gains.

          The FSC said these penalties are intended to remove financial incentives for market abuse while helping rebuild trust in South Korea’s digital asset ecosystem.

          AI to Strengthen Market Surveillance

          Although regulators highlighted the law’s early results, they emphasized that enforcement efforts will continue to expand.

          In a statement marking the anniversary, the FSC said it plans to increase the use of artificial intelligence to improve the efficiency of market monitoring and investigations.

          “Financial authorities plan to keep strengthening efforts to stamp out unfair trading in the virtual asset market, including using AI to improve the efficiency of market surveillance and investigations,” the commission said.

          AI-powered surveillance is expected to help regulators detect suspicious trading patterns faster, identify coordinated manipulation across multiple exchanges, and prioritize high-risk cases for investigation.

          As crypto markets become increasingly complex and algorithm-driven, regulators worldwide are adopting advanced analytics and machine learning tools to strengthen oversight.

          Additional Enforcement Measures Planned

          South Korea’s regulatory efforts are set to expand further through a second phase of crypto legislation.

          Authorities are considering new powers to suspend financial accounts and linked bank accounts suspected of holding proceeds from unfair trading. Such measures could make it more difficult for offenders to move or conceal illegally obtained assets during investigations.

          The government is also reviewing a reporting and reward system that would encourage whistleblowers to report suspected market manipulation and insider trading.

          Together with expanded AI-based surveillance, these proposals are intended to strengthen South Korea’s ability to detect, investigate, and prosecute crypto-related financial crimes.

          Building a Stronger Crypto Regulatory Framework

          South Korea remains one of the world’s most active cryptocurrency markets, with millions of retail investors participating in digital asset trading. In recent years, regulators have sought to balance innovation with stronger consumer protections following several market disruptions and high-profile crypto failures.

          The Virtual Asset User Protection Act marked a major step in that strategy by giving authorities dedicated legal tools to oversee the industry. The latest enforcement figures suggest those powers are already being used extensively, with dozens of investigations completed, more than 30 cases referred for prosecution, and meaningful financial penalties imposed.

          As authorities prepare additional legislation and expand AI-driven surveillance, South Korea is signaling that strict enforcement will remain central to its strategy for building a safer and more transparent digital asset market.



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          Paramount’s Warner Bros. Discovery Merger Temporarily Halted by Federal Judge

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            Paramount’s Warner Bros. Discovery Merger Temporarily Halted by Federal Judge


            A federal judge has temporarily stopped Paramount Skydance’s proposed acquisition of Warner Bros. Discovery, marking the biggest legal setback yet for what would become one of the largest entertainment mergers in Hollywood history.

            U.S. District Judge Araceli Martínez-Olguín issued a 14-day temporary restraining order, preventing the companies from closing the deal while the court considers a request for a preliminary injunction filed by a coalition of 12 states led by California. A hearing has been scheduled for August 3, when the judge will decide whether the merger should remain on hold while the broader antitrust lawsuit moves forward.

            The states argue the proposed merger would violate federal antitrust law by giving the combined company too much control over the entertainment industry. According to the lawsuit, the new media giant would command roughly 27% of the U.S. wide-release theatrical distribution market, while also combining major television networks, cable channels, film studios, and streaming services under one roof. State attorneys general contend that level of consolidation could ultimately result in higher prices, fewer movies and television shows, reduced competition, and job losses across Hollywood.

            In granting the temporary restraining order, Judge Martínez-Olguín determined that the states had raised sufficiently serious antitrust concerns and that allowing the merger to close before the case is heard could create irreversible consequences. Once two companies of this size begin integrating operations, undoing the transaction later would be extremely difficult if the court ultimately rules against it.

            California Attorney General Rob Bonta, whose office is leading the legal challenge, praised the ruling as an important first step in protecting competition within the entertainment industry. The coalition maintains the merger threatens consumers, creative workers, theaters, and distributors alike.

            Paramount Skydance, however, continues to defend the transaction. The company argues the merger is necessary to compete against technology and streaming giants such as Netflix, Amazon, Apple, and Disney, insisting the states’ antitrust claims are without merit. Paramount has expressed confidence that it will ultimately prevail in court.

            The timing is especially significant because the merger agreement includes substantial financial penalties if the transaction is not completed by September 30. Reports indicate Paramount could owe Warner Bros. Discovery shareholders approximately $7 million per day in fees for delays beyond that deadline, increasing pressure on both companies to resolve the legal battle quickly.

            While federal regulators previously declined to block the deal, several state attorneys general elected to pursue their own antitrust challenge. International reviews also remain ongoing in some markets, meaning the merger still faces multiple regulatory hurdles even after the upcoming August hearing.

            For now, one of Hollywood’s most ambitious mergers remains on pause as the court weighs whether the entertainment industry is on the verge of becoming too consolidated.



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            Coronation Street spoilers for next week: First look as Jodie’s trinket box causes a Platt interrogation

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              Coronation Street spoilers for next week: First look as Jodie’s trinket box causes a Platt interrogation


              Coronation Street spoilers for next week reveal the Platts are left searching for answers after discovering Jodie’s mysterious trinket box, while Cassie’s attempt to expose Ross takes a dangerous turn.

              Elsewhere on the cobbles, relationships are tested, new tensions emerge and several residents face difficult decisions.

              Here’s everything happening in Coronation Street spoilers for next week.

              1. Ollie’s surprise betrayal in Coronation Street spoilers

              Ollie begins his new job at Speed Daal, leaving Ben stunned when he spots him working in the kitchen for the rival business.

              2. Sam finds support from Idris

              Sam shaking Idris's hand in Coronation Street

              Leanne worries about making the right choices for Sam after his hospital return, especially when he discovers she has a new boyfriend.

              Sam upset in Coronation Street

              She takes him to meet Idris at Speed Daal, where Sam opens up about what he has been through and finds some comfort when Idris shares his own experiences.

              3. Idris takes on Adam

              Alya and Idris talking at Speed Daal in Coronation Street

              Idris clashes with Adam after finding out he is representing Abi in her case against him.

              While Alya tries to avoid getting caught in the middle, Idris decides to take matters into his own hands and offers Brody money to scare Adam.

              Alya and Idris talking at Speed Daal in Coronation Street

              Meanwhile, Abi is left unsure whether accepting Idris’s offer is the right thing to do.

              4. David and Maria clash over Sarah

              David rowing with Maria outside in Coronation Street

              Maria wakes up with a hangover, and Gary encourages her to take the day off so they can spend some time together.

              But when David accuses her of skiving, Maria stands up for Gary and insists Sarah is exactly where she belongs before walking away.

              5. Harper’s party leaves the family with questions

              The Platts with baby Harper

              Shona confronts Jodie after discovering she was behind Sarah’s attack, while the family searches for clues hidden inside her missing trinket box.

              Lily eventually discovers it tucked away under the sofa.

              The Platts with baby Harper

              Meanwhile, David and Shona bring Harper home to a surprise welcome party. However, everyone is shocked when Jodie arrives, reveals she has reported the assault and asks to move back in.

              6. Jodie tries to prove herself as doubts remain

              Jodie peering behind door in Coronation Street

              David and Shona question Jodie about what is inside the trinket box as they desperately try to find answers.

              Later, Jodie continues attempting to gain Lily’s trust and steps in when she notices Harry being bullied, taking a photo of those responsible before they escape.

              Jodie talking to Lily and Harry at the precinct

              But Jodie’s actions take another turn when she secretly creates an online forum post pretending to be Shona and sharing a fake story about becoming a first-time mum after a traumatic birth.

              7. Cassie’s revenge plan spirals out of control

              Tyrone, Cassie, Steve and Tracy in the Rovers

              Cassie continues trying to expose Ross, setting up an online page to gather complaints from his former partners in the hope of proving he is not the person Tyrone believes him to be. Steve urges her to stop, but Cassie refuses to back down.

              Ross blowing out birthday candles in Coronation Street

              After finding Ross’s ex Alison, Cassie takes her to the Rovers, where she makes shocking claims about his past. However, when Ross reveals he has accepted a job at Highfield Prison and plans to remain in Weatherfield, Cassie fears she has failed.

              Cassie spiking drink with drugs in Coronation Street

              As Ross settles back into family life, Cassie struggles watching everyone praise him and decides she has to act. When she discovers Ross needs to take a drug test for his new job, she comes up with a dangerous plan to sabotage him by secretly putting tablets into his drink.

              Steve with head in hands

              Her actions soon come back to haunt her when Steve finds the empty packet. Cassie is left facing the consequences as Steve ends their relationship and Tyrone throws her out.

              8. Debbie decides to quit alcohol in Coronation Street spoilers

              Debbie and friends in the garden

              Sally plans a garden party with Tim, and newly returned Debbie joins in with the celebrations.

              As Bernie, Christina, Fiz and Mary enjoy pizza, cocktails and the hot tub, Debbie drinks too much and fails to recognise Tim when he approaches.

              Tim serving Debbie and friends in the garden in Coronation Street

              After accusing him of ‘perving’ on them, Mary reminds her who he is, leaving Debbie embarrassed and determined to give up alcohol completely.

              9. Betsy changes her future plans

              Betsy, Lauren, Lisa and Carla talking in Coronation Street

              Carla worries about Sarah’s struggles and Harry trying to cope without her, leaving Lisa concerned.

              Meanwhile, Roy continues supporting Betsy during her hospital recovery. Despite being told she can return home, Betsy admits she feels nervous.

              Betsy upset in Coronation Street

              Once back home, Betsy faces the reality of her new circumstances and tells Lisa she will not be returning to fashion college.

              10. Nina suspects Sienna in Coronation Street spoilers

              Asha and Sienna at the table in Coronation Street

              Asha gets ready for her first date with Sienna, with Nina offering encouragement beforehand. The pair return home happy, but Sienna’s sudden departure after receiving a phone call leaves Asha and her friends confused.

              Concerned Nina talking to Asha in Coronation Street

              Although Sienna later apologises for leaving early, Nina remains unsure about her explanation. When Nina discovers Asha in bed with Sienna and notices her wage packet is missing, she fears Sienna may have stolen it.

              Sienna is furious at the accusation, storms out and accuses Nina of being a jealous ex.

              Read more: Coronation Street opinion: Soap losing balance as villains dominate

              Coronation Street usually airs Monday-Friday at 8.30pm on ITV.

              What do you think about this story? Let us know by leaving a comment on our Facebook page @CoronationStreetInsider. We want to hear your thoughts!



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              Bank of Korea Scales Up CBDC Pilot With Half a Million Users – Decrypt

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              Bank of Korea Scales Up CBDC Pilot With Half a Million Users – Decrypt



              In brief

              The Bank of Korea will launch Phase 2 of its CBDC pilot in September, expanding to nine banks and a cap of 500,000 users for live deposit token testing.
              Phase 1 (April–June 2025) processed 114,880 transactions across 81,000 wallets.
              Phase 2 adds biometric payments, person-to-person transfers, and real government subsidy disbursements.

              South Korea’s Bank of Korea ran a central bank digital currency, or CBDC, pilot for three months last year. Eighty-one thousand people opened wallets, but only 42% actually spent anything.

              The next phase of its CBDC push starts in September—with nine banks involved, up to 500,000 users spending the tokens, and real government money on the line this time.

              The central bank announced the expansion of Project Hangang—its CBDC (a government-issued, blockchain-based version of the paper won) initiative—on Monday, per a Yonhap News Agency report. “From the second phase, we will lay the groundwork for commercialization,” a Bank of Korea official told Yonhap.

              Phase 1 ran from April to June 2025 with seven banks and 12,000 merchants producing 114,880 transactions. According to a review by the HRF CBDC tracker, banks had collectively put up around 30–35 billion won building the infrastructure for that result.

              

              Phase 2 addresses the engagement problem with functionality that resembles actual banking. New features include biometric fingerprint approvals, person-to-person wallet transfers, automatic top-ups (your linked bank account converts funds into deposit tokens automatically when the balance runs low), recurring auto-payments, cash receipt generation, and interest payments.

              For the first time, the pilot will also test government subsidy disbursements using programmable tokens.

              The Bank of Korea issues a wholesale CBDC—a digital currency used only between financial institutions to settle transactions behind the scenes, not something ordinary people hold directly. Commercial banks then create deposit tokens (a blockchain-based version of the money already in your bank account) that consumers and merchants use for actual payments. Kim Dong-seop, head of the bank’s Digital Currency Planning Team, called the design “a middle ground between a CBDC and a stablecoin.”

              For regular users, that architecture could eventually mean receiving government benefits directly into a digital wallet instead of waiting for a voucher or a check. For small businesses and retailers, the test will measure whether deposit token payments can undercut the interchange fees that card networks charge on every transaction—a cost that compounds quickly for high-volume merchants.

              Phase 2 will run programmable deposit tokens with spending rules baked in: funds locked to permitted purposes, vendors, and time windows, replacing the paper trail of manual audits and cutting fraud at the point of disbursement.

              In other words, this implementation gives the Bank of Korea broader control into how citizens spend money given by the government for a specific purpose.

              Joining the original seven banks—KB Kookmin, Shinhan, Hana, Woori, Nonghyup, Industrial Bank of Korea, and BNK Busan—are Gyeongnam Bank and iM Bank. The pilot will run open-ended rather than with a fixed close date.

              South Korea’s new Bank of Korea Governor, Shin Hyun-song, made Project Hangang a centerpiece of his first policy address after taking office in April 2026. Hana Bank, meanwhile, has started designing systems for a won-backed stablecoin—a privately issued digital token pegged 1:1 to the Korean won—ahead of legislation that has been at the center of a stablecoin debate in Seoul since mid-2025. The Ministry of Economy and Finance has also announced plans to update a 76-year-old national asset law to classify cryptocurrencies as national assets.

              CBDCs, however, are not without controversy. The same programmability that makes deposit tokens attractive to regulators is exactly what worries critics. Rules that lock government funds to specific vendors can just as easily be extended beyond subsidies—expiring balances, spending category restrictions, or wallet freezes without a court order. Unlike cash, every CBDC transaction is logged on a ledger the central bank and its partners can read.

              Civil liberties organizations have flagged this as a structural problem with CBDCs as a category, not just South Korea’s version. China’s digital yuan has already been rolled out with expiry dates on certain stimulus payments—Beijing frames it as anti-hoarding policy, critics call it financial coercion. Researchers at Lawfare have warned the e-CNY could set a global precedent for state-controlled financial surveillance. The concern is the same regardless of who’s running the system: programmable money is money with conditions attached, and those conditions can always be expanded.

              Meanwhile, the United States is heading the other direction. The four-year ban on CBDC issuance became law on July 11—the 21st Century ROAD to Housing Act took effect without President Donald Trump’s signature when the constitutional 10-day window expired, after Trump declined to sign it over unrelated demands on voting legislation.

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