Recent developments span a $30 mln breach at Upbit, regulatory approval for Polymarket’s U.S. rollout, a proposal to tax automation, and the possible dissolution of D.O.G.E.

Upbit breach details

South Korea’s largest exchange Upbit reported an unauthorized extraction of assets totaling $30 mln, with investigations underway to identify perpetrators and lost tokens.

Authorities and the exchange are tracing withdrawals and wallet activity to determine which assets were moved and which users were affected by the incident.

Polymarket enters U.S. market

Regulators have cleared Polymarket to operate within the United States using authorized infrastructure, allowing the prediction-market platform to offer services domestically.

The company plans to comply with U.S. rules and register required entities, while adapting its product to meet federal and state regulatory frameworks.

Proposal to tax robots and AI

Bill Gates suggested imposing taxes on automation and artificial intelligence to offset economic impacts from labor displacement, prompting debate among policymakers and industry leaders.

Proponents argue such measures could fund retraining and social programs, while opponents raise implementation and innovation concerns without proposing concrete mechanisms.

Potential liquidation of D.O.G.E.

The Trump administration–created department D.O.G.E. faces discussions about dissolution, with officials evaluating its mandate, budgetary efficiency, and overlap with other agencies.

Decisionmakers are weighing the department’s outcomes against administrative costs before determining whether to formally terminate or restructure the entity.