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As Apple pursues AI, spare a thought for the poor HomePod

by admin September 11, 2025


When the video kicking off Apple’s “Awe dropping” event began yesterday, I was pleased to see a HomePod in the opening shot. I hadn’t given any thought to Apple’s beleaguered smart home speaker in ages, so I was all set for Tim Cook and crew to deliver an actual surprise and reveal new stuff for HomePod. When the entire presentation then passed without another peep about the product, I was disappointed, but resigned.

HomePod has always been behind the curve. When smart speakers first came on the scene, the sector was quickly dominated by Amazon and Google, with Sonos as the boutique third-party option. Apple announced the HomePod in June 2017, almost three years after Amazon unveiled its original Echo speaker.

The HomePod arrived too slow and cost too much, and (in an echo of the company’s current woes) Siri was too unhelpful, for the smart speaker to really claw back much market share from its rivals. The Mini iteration came out in late 2020, and the second-generation HomePod in February 2023 added support for Thread smart home standard. Not exactly pushing the boundaries of smart speaker innovation.

And things got worse for the poor HomePod as voice-controlled AI assistants have transitioned away from being centered around dedicated speakers. AI is now being integrated ever-more tightly into our smartphones and computers, with less need for a separate intermediary device. Which brings us to the ongoing issue of Apple’s shaky foothold in the AI race.

Apple has been promising a big overhaul to Siri for awhile, with the new and improved version currently not due until spring 2026. To show off that new AI assistant, Apple is reportedly working on an interactive smart home hub that is expected to have HomePod-like audio capabilities baked in, but won’t be ready for launch until at least 2027. What’s a company to do in the interim?

It makes sense for Apple to hold back on any big developments to its existing Siri-centric smart home speaker. I get it. But I could have been hyped to see a stripped down HomePod that focused more on being a speaker than on being smart. I have a Sonos that I love, and part of me assumed that I would eventually upgrade to an Apple offering. The AirPods are such a great element in the Apple ecosystem, and I use mine almost daily. Having a powerful, high-quality home speaker that delivers the easy interconnectivity that’s such a big part of Apple’s value proposition might have helped bridge the time gap, keeping Apple in people’s minds as a player in home tech while the company works on its next, more innovative move. Take one step back to take three steps forward.

In practice, though, it feels like the window for the HomePod to become a star in Apple’s lineup has shrunk to almost nothing. As I now look at the recent trends in AI and home tech, I don’t see an obvious space for a smart speaker. That’s not limited to Apple; it’s also pretty telling that both Amazon and Google haven’t been giving much love to their smart speakers either. In fact, a majority of Engadget’s favorite smart speakers this year are from specialist Sonos as the big tech names have put their focus on AI instead of audio. We’ll still have smart speakers, but they’ll be folded into multi-purpose gadgets and pitched as general smart-home aids.

To be clear, there’s been no indication that Apple will sunset the HomePod. But my personal prediction is that HomePod will stay on the sidelines for now and get pushed even farther away from the spotlight when the new smart home products are unveiled, receiving only occasional attention until Apple officially and quietly pulls the plug for good. And so will end the life of a star-crossed product that never got the chance to shine at its full potential. Here’s hoping I’m wrong.



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September 11, 2025 0 comments
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D.C. AG accuses Bitcoin ATM operator of actively enabling fraudsters
NFT Gaming

DOJ pursues $5m in Bitcoin tied to SIM swap fraud and laundering scheme

by admin September 9, 2025



DOJ prosecutors trace a path of stolen Bitcoin from hijacked phones through a complex web of wallets, culminating in a series of circular transactions at an online casino designed to mask the illicit funds’ origins.

Summary

  • DOJ has filed civil forfeiture to recover $5 million in Bitcoin stolen via SIM swap attacks.
  • The department traced the stolen crypto through multiple wallets and circular transactions at an online casino.
  • Attacks targeted five U.S. victims between October 2022 and March 2023.

According to a September 9 press release by the U.S. Attorney’s Office, District of Columbia, the Department of Justice has initiated a civil forfeiture action targeting a specific cryptocurrency wallet containing 117 BTC.

The complaint alleges the funds are the proceeds of a series of SIM swap attacks that targeted five victims between October 2022 and March 2023. U.S. Attorney Jeanine Ferris Pirro stated that after the initial thefts, the perpetrators moved the Bitcoin through a maze of digital wallets before consolidating the entire $5 million haul into a single address that funded an account at the online casino Stake.com.

How the SIM swap scheme unfolded and the DOJ’s response

DOJ investigators say the perpetrators used SIM swap attacks to bypass standard security measures and gain control of victims’ mobile numbers. With the stolen numbers, they intercepted two-factor authentication codes that allowed them to log in to the victims’ crypto wallets and transfer assets into accounts under their control.

The Justice Department explained that the perpetrators attempted to obscure the origin of the funds by repeatedly cycling the bitcoin through deposits and withdrawals at the casino.

 “Many of these transactions were circular in that they eventually returned funds to their original source, and consistent with money laundering utilized to “clean” proceeds of criminal activity,” the statement read.

The laundering pattern, prosecutors say, made it appear as though the funds were legitimate business activity rather than proceeds of theft. This high-profile case is being prosecuted by Trial Attorneys Jessica Peck and Gaelin Bernstein of the Justice Department’s Computer Crime and Intellectual Property Section (CCIPS), alongside Assistant U.S. Attorneys for the District of Columbia.



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September 9, 2025 0 comments
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Shaurya Malwa
Crypto Trends

Ripple Extends $75M Credit Facility to Gemini as Exchange Pursues IPO

by admin August 19, 2025



Gemini’s long-awaited IPO filing drew fresh attention to payments giant Ripple, with the exchange disclosing a $75 million credit line from the company alongside a steep financial loss.

In documents submitted to the U.S. Securities and Exchange Commission (SEC) on Aug. 15, Gemini revealed a $282.5 million net loss for the first half, an almost seven-fold increase from the $41.4 million shortfall a year earlier. Revenue fell to $67.9 million from $74.3 million.

The filing puts Gemini, which plans to use the ticker “GEMI” on Nasdaq, in line to become the third crypto exchange to trade publicly in the U.S. after Coinbase (COIN), which debuted on Nasdaq in 2021, and Bullish (BLSH), the owner of CoinDesk, whose shares listed on the New York Stock Exchange a week ago.

Ripple’s role in the listing stood out. In the filing, Gemini said it entered a credit agreement with Ripple Labs in July granting access to up to $75 million in loans, with the option to extend the facility to $150 million if certain metrics are met.

Each drawdown must be at least $5 million and carries interest of either 6.5% or 8.5%, secured against collateral.

In addition, once borrowing surpasses the initial $75 million, requests can be denominated in Ripple’s dollar-backed RLUSD stablecoin. As of the filing date, however, no borrowings had been drawn under the facility

The credit deal with Gemini puts RLUSD directly in the mix as a settlement option for a major U.S. trading platform — an early indication that Ripple wants its stablecoin to compete alongside the two market leaders, Tether's USDT and USDC, issued by Circle Internet (CRCL).



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August 19, 2025 0 comments
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