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Coinbase Executive Says Investors Looking at Bitcoin (BTC) After Missing the Boat on Gold Rally

A top Coinbase executive says that investors who missed out on gold’s massive rally may start flooding into Bitcoin ( BTC ). In a new interview on CNBC Squawk Box, John D’Agostino, Coinbase’s head of institutional strategy, says Bitcoin is an attractive asset for investors looking for a gold alternative as a hedge against inflation. “I spoke to a couple of traders who said if you believe these conditions, these de-dollarization conditions are going to persist, you’re looking at gold obviously first and foremost. But maybe you missed out on that trade. You’re looking at that rally and saying I missed the boat on that. So what other assets could participate in that market panic long-term inflation hedge? When you do the work, there’s a very short list of assets that mirror the characteristics of gold. Bitcoin is on that short list. In addition to the four characteristics I mentioned [scarcity, immutability, non-sovereign asset, portability], it’s mining scarcity, it’s mining difficulty gets harder over time.” He also says that investor analysis shows Bitcoin is a top-performing asset during market turmoil and inflationary conditions. “I know a couple of the best commodity traders in the world, and five, six years ago they thought inflation was going to persist and be an issue. And there’s no perfect inflation hedge. We all know that. Because nothing’s perfect. So they created a basket. So they looked at hundreds of different assets and said what’s the best possible basket of commodities, real estate holdings, US Treasuries, what does that look like over the next 10 years to be the better inflation hedge just holding a single asset. In every single one of their analysis, Bitcoin was top five. So, again, nothing’s perfect, but as a basket for to protect against market panic and inflation hedge Bitcoin and gold go side-by-side.” Bitcoin is trading for $93,146 at time of writing, up 2.6% in the last 24 hours. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE-3 The post Coinbase Executive Says Investors Looking at Bitcoin (BTC) After Missing the Boat on Gold Rally appeared first on The Daily Hodl . CoinOtag

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XRP Ledger SDK Compromised by Backdoor Exploit

The XRP Ledger Foundation has warned about a security vulnerability in the official JavaScript SDK, which interacts with the XRPL. On April 21, Aikido Security revealed that several versions of its Node Package Manager (NPM) software were compromised and published, containing a backdoor that could steal private keys from users. Security Flaw in Developer Kit The XRP Ledger Foundation confirmed the issue in an April 22 statement : “Earlier today, a security researcher from @AikidoSecurity identified a serious vulnerability in the xrpl npm package (v4.2.1-4.2.4 and v2.14.2).” In response to the breach, Wietse Wind, founder and CEO of XRPL Labs, reassured users that Xaman Wallet was not affected by the flaw. Wind explained that the product does not use xrpl.js but instead relies on its xrpl-client and xrpl-accountlib libraries, which separate wallet connectivity from the signing process. He also detailed how the incident unfolded, stating that malicious code in the xrpl.js package sent generated or imported private keys to an external server controlled by the attacker. This enabled hackers to collect key pairs, wait for the wallets to be funded, and then steal the assets. Wind urged anyone who had recently created an XRP wallet using the API or related tools to assume it had been compromised and to transfer their funds immediately. He emphasized that such attacks can happen to any software relying on third-party libraries, and that developers must take precautions. He also advised limiting publishing access, scanning code before release, avoiding auto-publishing pipelines, and not managing private keys directly unless fully prepared to handle the associated risks. XRPL Issues Urgent Patch Following the incident, the XRP Ledger Foundation has released a clean version of the NPM package, removing the malicious code and ensuring the SDK is safe for developers to use again. Aikido Security discovered the vulnerability after its automated threat monitoring system flagged suspicious updates to the XRPL package on NPM. These updates, published by a user named “mukulljangid”, included five new versions that did not match any official releases on the XRP Ledger’s GitHub repository. After investigating, Aikido found that the compromised versions contained a malicious function called checkValidityOfSeed, which sent private keys to the hacker’s server at 0x9c[.]xyz, when users created a wallet that could allow them to steal their crypto. Early versions (v4.2.1 and v4.2.2) hid the backdoor in compiled JavaScript files, while later versions (v4.2.3 and v4.2.4) embedded the malicious code directly in TypeScript source files, making it harder to detect. The compromised packages also removed development tools like Prettier and build scripts from the package.json file, showing intentional manipulation. The incident comes only weeks after Ripple announced a $1.25 billion acquisition of prime brokerage firm Hidden Road, a move experts believe will turn XRPL into a major conduit for institutional funds. According to Ripple CEO Brad Garlinghouse, the network will be used for post-trade settlements on some transactions, potentially turning it into a corporate-scale clearing and credit platform. The post XRP Ledger SDK Compromised by Backdoor Exploit appeared first on CryptoPotato . CoinOtag