You're tuned in to Tech Beat, and here's what's moving in technology today.
JPMorgan is out with a new analysis suggesting stablecoins are holding a commanding lead over tokenized money market funds in the digital asset space. Despite offering yield — something stablecoins typically don't — tokenized funds represent only about five percent of the broader stablecoin market, a gap the bank says shows just how much liquidity and familiarity still matter to crypto users.
Shifting to a story that's equal parts heartwarming and deeply troubling — an eighty-two-year-old grandmother named Sue Jacquot, who streams Minecraft to raise money for her grandson's cancer treatment, was swatted while she slept. Dozens of armed officers stormed her home after a hoax call. She was unharmed, but the incident is a stark reminder that online cruelty has very real, very dangerous consequences.
And in the ongoing fallout from the Terra collapse, new allegations have surfaced targeting trading firm Jane Street. Terraform is accusing the firm of using a private Telegram group to communicate with insiders before Terra imploded — a claim that, if substantiated, could add yet another complicated chapter to one of crypto's most damaging disasters.
That's your update for now. Keep surfing. Tech Beat out.
