This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology.
Trump’s tariffs will deliver a big blow to climate tech
US president Donald Trump’s massive, sweeping tariffs sent global stock markets tumbling yesterday, setting the stage for a worldwide trade war and ratcheting up the dangers of a punishing recession.
Experts fear that the US cleantech sector is especially vulnerable to a deep downturn, which would undermine progress on reducing greenhouse-gas emissions. Read the full story.
—James Temple
Cyberattacks by AI agents are coming
Agents are the talk of the AI industry—they’re capable of planning, reasoning, and executing complex tasks like scheduling meetings, ordering groceries, or even taking over your computer to change settings on your behalf.
But the same sophisticated abilities that make agents helpful assistants could also make them powerful tools for conducting cyberattacks. They could readily be used to identify vulnerable targets, hijack their systems, and steal valuable data from unsuspecting victims.
At present, cybercriminals are not deploying AI agents to hack at scale. But researchers have demonstrated that agents are capable of executing complex attacks, and cybersecurity experts warn that we should expect to start seeing these types of attacks spilling over into the real world—and soon. Read the full story.
—Rhiannon Williams
The must-reads
I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology.
1 Did the Trump administration use AI to calculate its new tariffs?
It appears to use an oversimplified calculation several major chatbots recommend. (The Verge)
+ The economically-flawed formula has shocked analysts. (FT $)
+ The severe tariffs may harm America’s data center ambitions. (Reuters)
2 The EU is preparing to slap X with major financial penalties
Even if it risks provoking Elon Musk’s ire. (NYT $)
3 Google’s tech will be used to surveil the US-Mexico border
As part of plans to upgrade the ‘virtual wall’ between the countries. (The Intercept)
+ The number of illegal border crossings hit a record low last month. (Semafor)
4 Hurricane season is set to be busier than usual
Forecasters are predicting at least 17 tropical storms and four major hurricanes. (WP $)
+ They aren’t as confident about this early forecast as they were last year. (CNN)
+ Here’s what we know about hurricanes and climate change. (MIT Technology Review)
5 Myanmar’s internet shutdown is thwarting aid efforts
Aid and rescue workers are struggling to help people caught up in its recent devastating earthquake. (Rest of World)
6 Google is yet to publish safety reports for its latest AI models
It appears to be launching models faster than it can publicly verify their safety. (TechCrunch)
7 Online influencing has a major gender pay gap
Although the majority of content creators are female, they earn less per collaboration than their male counterparts. (Fast Company $)
+ Why can’t tech fix its gender problem? (MIT Technology Review)
8 How to make solar panels on the moon
Moon dust could help to power future lunar bases. (New Scientist $)
+ Nokia is putting the first cellular network on the moon. (MIT Technology Review)
9 The economy may be collapsing, but at least the memes are good
Social media is bringing the lols in uncertain times. (NY Mag $)
10 Bonobos communicate in similar ways to humans
The great apes combine basic sound into larger structures—just like us. (Ars Technica)
+ How machine learning is helping us probe the secret names of animals. (MIT Technology Review)
Quote of the day
“There will be blood.”
—Bruce Kasman, JPMorgan’s chief global economist, is not optimistic about Donald Trump’s aggressive tariff policy, Insider reports.
The big story
The weeds are winning
Since the 1980s, more and more plants have evolved to become immune to the biochemical mechanisms that herbicides leverage to kill them. This herbicidal resistance threatens to decrease yields—out-of-control weeds can reduce them by 50% or more, and extreme cases can wipe out whole fields.
At worst, it can even drive farmers out of business. It’s the agricultural equivalent of antibiotic resistance, and it keeps getting worse. Weeds have evolved resistance to 168 different herbicides and 21 of the 31 known “modes of action,” which means the specific biochemical target or pathway a chemical is designed to disrupt.
Agriculture needs to embrace a diversity of weed control practices. But that’s much easier said than done. Read the full story.
—Douglas Main
We can still have nice things
A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.)
+ Sweet Moroccan flatbreads sound like a fantastic way to start the day.
+ Val Kilmer was more than just a heartthrob—he was a really great actor too.
+ Drop everything: there’s an uncut version of the White Lotus series three theme.
+ All aboard the giant almond car!
Agents are the talk of the AI industry—they’re capable of planning, reasoning, and executing complex tasks like scheduling meetings, ordering groceries, or even taking over your computer to change settings on your behalf. But the same sophisticated abilities that make agents helpful assistants could also make them powerful tools for conducting cyberattacks. They could readily be used to identify vulnerable targets, hijack their systems, and steal valuable data from unsuspecting victims.
At present, cybercriminals are not deploying AI agents to hack at scale. But researchers have demonstrated that agents are capable of executing complex attacks (Anthropic, for example, observed its Claude LLM successfully replicating an attack designed to steal sensitive information), and cybersecurity experts warn that we should expect to start seeing these types of attacks spilling over into the real world.
“I think ultimately we’re going to live in a world where the majority of cyberattacks are carried out by agents,” says Mark Stockley, a security expert at the cybersecurity company Malwarebytes. “It’s really only a question of how quickly we get there.”
While we have a good sense of the kinds of threats AI agents could present to cybersecurity, what’s less clear is how to detect them in the real world. The AI research organization Palisade Research has built a system called LLM Agent Honeypot in the hopes of doing exactly this. It has set up vulnerable servers that masquerade as sites for valuable government and military information to attract and try to catch AI agents attempting to hack in.
The team behind it hopes that by tracking these attempts in the real world, the project will act as an early warning system and help experts develop effective defenses against AI threat actors by the time they become a serious issue.
“Our intention was to try and ground the theoretical concerns people have,” says Dmitrii Volkov, research lead at Palisade. “We’re looking out for a sharp uptick, and when that happens, we’ll know that the security landscape has changed. In the next few years, I expect to see autonomous hacking agents being told: ‘This is your target. Go and hack it.’”
AI agents represent an attractive prospect to cybercriminals. They’re much cheaper than hiring the services of professional hackers and could orchestrate attacks more quickly and at a far larger scale than humans could. While cybersecurity experts believe that ransomware attacks—the most lucrative kind—are relatively rare because they require considerable human expertise, those attacks could be outsourced to agents in the future, says Stockley. “If you can delegate the work of target selection to an agent, then suddenly you can scale ransomware in a way that just isn’t possible at the moment,” he says. “If I can reproduce it once, then it’s just a matter of money for me to reproduce it 100 times.”
Agents are also significantly smarter than the kinds of bots that are typically used to hack into systems. Bots are simple automated programs that run through scripts, so they struggle to adapt to unexpected scenarios. Agents, on the other hand, are able not only to adapt the way they engage with a hacking target but also to avoid detection—both of which are beyond the capabilities of limited, scripted programs, says Volkov. “They can look at a target and guess the best ways to penetrate it,” he says. “That kind of thing is out of reach of, like, dumb scripted bots.”
Since LLM Agent Honeypot went live in October of last year, it has logged more than 11 million attempts to access it—the vast majority of which were from curious humans and bots. But among these, the researchers have detected eight potential AI agents, two of which they have confirmed are agents that appear to originate from Hong Kong and Singapore, respectively.
“We would guess that these confirmed agents were experiments directly launched by humans with the agenda of something like ‘Go out into the internet and try and hack something interesting for me,’” says Volkov. The team plans to expand its honeypot into social media platforms, websites, and databases to attract and capture a broader range of attackers, including spam bots and phishing agents, to analyze future threats.
To determine which visitors to the vulnerable servers were LLM-powered agents, the researchers embedded prompt-injection techniques into the honeypot. These attacks are designed to change the behavior of AI agents by issuing them new instructions and asking questions that require humanlike intelligence. This approach wouldn’t work on standard bots.
For example, one of the injected prompts asked the visitor to return the command “cat8193” to gain access. If the visitor correctly complied with the instruction, the researchers checked how long it took to do so, assuming that LLMs are able to respond in much less time than it takes a human to read the request and type out an answer—typically in under 1.5 seconds. While the two confirmed AI agents passed both tests, the six others only entered the command but didn’t meet the response time that would identify them as AI agents.
Experts are still unsure when agent-orchestrated attacks will become more widespread. Stockley, whose company Malwarebytes named agentic AI as a notable new cybersecurity threat in its 2025 State of Malware report, thinks we could be living in a world of agentic attackers as soon as this year.
And although regular agentic AI is still at a very early stage—and criminal or malicious use of agentic AI even more so—it’s even more of a Wild West than the LLM field was two years ago, says Vincenzo Ciancaglini, a senior threat researcher at the security company Trend Micro.
“Palisade Research’s approach is brilliant: basically hacking the AI agents that try to hack you first,” he says. “While in this case we’re witnessing AI agents trying to do reconnaissance, we’re not sure when agents will be able to carry out a full attack chain autonomously. That’s what we’re trying to keep an eye on.”
And while it’s possible that malicious agents will be used for intelligence gathering before graduating to simple attacks and eventually complex attacks as the agentic systems themselves become more complex and reliable, it’s equally possible there will be an unexpected overnight explosion in criminal usage, he says: “That’s the weird thing about AI development right now.”
Those trying to defend against agentic cyberattacks should keep in mind that AI is currently more of an accelerant to existing attack techniques than something that fundamentally changes the nature of attacks, says Chris Betz, chief information security officer at Amazon Web Services. “Certain attacks may be simpler to conduct and therefore more numerous; however, the foundation of how to detect and respond to these events remains the same,” he says.
Agents could also be deployed to detect vulnerabilities and protect against intruders, says Edoardo Debenedetti, a PhD student at ETH Zürich in Switzerland, pointing out that if a friendly agent cannot find any vulnerabilities in a system, it’s unlikely that a similarly capable agent used by a malicious party is going to be able to find any either.
While we know that AI’s potential to autonomously conduct cyberattacks is a growing risk and that AI agents are already scanning the internet, one useful next step is to evaluate how good agents are at finding and exploiting these real-world vulnerabilities. Daniel Kang, an assistant professor at the University of Illinois Urbana-Champaign, and his team have built a benchmark to evaluate this; they have found that current AI agents successfully exploited up to 13% of vulnerabilities for which they had no prior knowledge. Providing the agents with a brief description of the vulnerability pushed the success rate up to 25%, demonstrating how AI systems are able to identify and exploit weaknesses even without training. Basic bots would presumably do much worse.
The benchmark provides a standardized way to assess these risks, and Kang hopes it can guide the development of safer AI systems. “I’m hoping that people start to be more proactive about the potential risks of AI and cybersecurity before it has a ChatGPT moment,” he says. “I’m afraid people won’t realize this until it punches them in the face.”
TikTok will now have till June to work out a sell-off deal.
Former Binance CEO Changpeng “CZ” Zhao will begin advising the Kyrgyz Republic on blockchain and crypto-related regulation and tech after signing a memorandum of understanding with the country’s foreign investment agency.
“I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading,” the crypto entrepreneur said in an April 3 X post, adding that he finds this work “extremely meaningful.”
His comments came in response to an earlier X post from Kyrgyzstan President Sadyr Zhaparov announcing that Kyrgyzstan’s National Investment Agency (NIA) had signed a memorandum with CZ to provide technical expertise and consulting services for the Central Asian country.
The NIA is responsible for promoting foreign investments and assisting international companies in identifying business opportunities within the country.
Source: Changpeng Zhao
“This cooperation marks an important step towards strengthening technological infrastructure, implementing innovative solutions, and preparing highly qualified specialists in blockchain technologies, virtual asset management, and cybersecurity,” Zhaparov said.
The Kyrgyzstan president added: “such initiatives are crucial for the sustainable growth of the economy and the security of virtual assets, ultimately generating new opportunities for businesses and society as a whole.”
Kyrgyzstan, which officially changed its name from the Republic of Kyrgyzstan to the Kyrgyz Republic in 1993, is a mountainous, land-locked country.
It is considered well-suited for crypto mining operations due to its abundant renewable energy resources, much of which is underutilized.
Over 30% of Kyrgyzstan’s total energy supply comes from hydroelectric power plants, but only 10% of the country’s potential hydropower has been developed, according to a report by the International Energy Agency.
CZ has met with several other state officials in Asia
Malaysia also recently tapped CZ for guidance on crypto-related matters, with Prime Minister Anwar Ibrahim meeting him personally in January.
CZ has also met with officials in the UAE and Bitcoin-stacking country Bhutan — however, it isn’t clear what those meetings entailed.
Related: Is Bitcoin’s future in circular economies or national reserves?
CZ’s latest pursuits come a little over six months after he was released from a four-month prison sentence in the US for violating several anti-money laundering laws.
Since being released, CZ has made investments in blockchain tech, artificial intelligence and biotechnology companies.
CZ also recently donated 1,000 BNB (BNB) — worth almost $600,000 — to support earthquake relief efforts in Thailand and Myanmar after the natural disaster in late April.
Magazine: Financial nihilism in crypto is over — It’s time to dream big again
Between Oct. 25, 2024, and Jan. 16, 2025, XRP (XRP) had one of the best rallies of the current bull market, gaining 600% as investors piled in with the hope that a pro-crypto presidency would benefit Ripple and its cryptocurrency.
During this time, the quarterly average of daily active addresses jumped by 490% and XRP price hit a 7-year high.
XRP’s 1-day chart. Source: Cointelegraph/TradingView
Fast forward to the present, and data shows that the speculative interest surrounding XRP is declining. Holders are increasingly facing losses rather than gains, which is dampening their risk appetite.
“Retail confidence in XRP may be slipping”
Since bottoming in 2022, Bitcoin (BTC) and XRP have gained 500% to 600%, but the bulk of XRP’s gains came from a parabolic price increase. Data from Glassnode shows that XRP daily active addresses jumped by 490%, whereas the same metric for Bitcoin increased by 10% over the past four months.
XRP’s new investor realized the cap. Source: Glassnode
This retail-driven surge pushed XRP’s realized cap from $30.1 billion to $64.2 billion, with $30 billion of that inflow coming from investors in the last six months. The share of XRP’s realized cap held by new investors (less than six months) jumped from 23% to 62.8%, signaling a rapid wealth shift. However, since late February 2025, capital inflows have dipped significantly.
XRP realized profit/loss ratio. Source: Glassnode
The primary reason is that investors are currently locking in fewer profits and staring at higher losses. This can be identified by the realized loss/profit ratio, which has constantly declined since 2025. Glassnode analysts said,
“Given the retail-dominated inflows and largely concentrated wealth in relatively new hands, this alludes to a condition where retail investor confidence in XRP may be slipping, and this may also be extended across the broader market.”
Besides weakening confidence among newer investors, the distribution of XRP among whale addresses reflects a similar trend. Data shows a steady increase in whale outflows since the start of 2025, suggesting that large holders have been consistently trimming their positions. Over the past 14 days, over $1 billion in positions were offloaded at an average price of $2.10.
Whale flow 30-day moving average. Source: CryptoQuant
Related: How many US dollars does XRP transfer per day?
Can XRP hold the $2 support?
XRP has found support at $2 multiple times over the past few weeks, but the chance of the altcoin dropping below this level increases with each retest.
XRP 4-hour chart. Source: Cointelegraph/TradingView
However, on the lower time frame (LTF) of the 1-hour and 4-hour charts, a bullish divergence can be observed for XRP. A bullish divergence occurs when the price forms a lower low and the relative strength index (RSI) forms a lower high.
With a fair value gap between $2.08 and $2.13, XRP might see a relief rally into this range, especially if the wider crypto market undergoes an oversold bounce. On the higher time frame chart, XRP appears bearish due to the formation of an inverse head-and-shoulders pattern, with a measured target near $1.07.
There is a chance that the altcoin finds support from the 200-day moving average (orange line) around the $1.70 to $1.80 mark, but XRP price has not tested this level since Nov. 5, 2024.
XRP 1-day chart. Source: Cointelegraph/TradingView
Related: Bitcoin drops 8%, US markets shed $2T in value — Should traders expect an oversold bounce?
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Economic uncertainty and a major crypto exchange hack pushed down the total value locked in decentralized finance (DeFi) protocols to $156 billion in the first quarter of 2025, but AI and social apps gained ground with a rise in network users, according to a crypto analytics firm.
“Broader economic uncertainty and lingering aftershocks from the Bybit exploit” were the main contributing factors to the DeFi sector’s 27% quarter-on-quarter fall in TVL, according to an April 3 report from DappRadar, which noted that Ether (ETH) fell 45% to $1,820 over the same period.
Change in DeFi total value locked between Jan. 2024 and March 2025. Source: DappRadar
The largest blockchain by TVL, Ethereum, fell 37% to $96 billion, while Sui was the hardest hit of the top 10 blockchains by TVL, falling 44% to $2 billion.
Solana, Tron and the Arbitrum blockchains also had their TVLs slashed over 30%.
Meanwhile, blockchains that experienced a larger volume of DeFi withdrawals and had a smaller share of stablecoins locked in their protocols faced extra pressure on top of the falling token prices.
The newly launched Berachain was the only top-10 blockchain by TVL to rise, accumulating $5.17 billion between Feb. 6 and March 31, DappRadar noted.
Market fall didn’t stunt AI and social app user growth
However, the number of daily unique active wallets (DUAW) interacting with AI protocols and social apps increased 29% and 10%, respectively, in Q1, while non-fungible token and GameFi protocols regressed, DappRadar’s data shows.
The monthly average of DUAWs interacting on the AI and social protocols rose to 2.6 million and 2.8 million, while DeFi and GameFi protocols fell double-digits.
DappRadar said there was “explosive growth” in AI agent protocols, stating that they’re “no longer a concept.”
“They’re here, and they’re shaping new user behaviors,” said the firm.
Change in DeFi total value locked between Jan. 2024 and March 2025. Source: DappRadar
Related: Avalanche stablecoins up 70% to $2.5B, AVAX demand lacks DeFi deployment
Meanwhile, NFT trading volume fell 25% to $1.5 billion, with OKX’s NFT marketplace taking in the most sales at $606 million, while OpenSea and Blur saw $599 million and $565 million, respectively.
Pudgy Penguins NFTs were the most sold collectibles at $177 million, while CryptoPunks NFTs netted $63.6 million from just 477 sales, DappRadar noted.
“When analyzing top collections, CryptoPunks remains a staple — its prestige remains intact even as price fluctuations make it largely inaccessible for the average user.”
Magazine: XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set