News linked to both this project and an event.
Galaxy Digital Head of Research Alex Thorn stated that based on new victim reports received following the incident, the number of attackers exploiting the Coldcard vulnerability has reached at least 15.Thorn noted that information provided by victims helped the research team uncover previously unidentified attack activity. Unlike thefts from centralized exchanges, correlations between the attackers in this vulnerability exploit require confirmation through on-chain analysis and victim feedback.He added that a single victim reporting less than 1 BTC stolen helped the team discover a previously unknown attack, which siphoned approximately 12 BTC from 126 addresses.According to Galaxy Research's earlier estimates, the Coldcard vulnerability has led to at least three rounds of attacks, with losses amounting to approximately $100 million in BTC. Additionally, Galaxy has identified a suspected fourth round of attacks, which could bring total losses to approximately $130 million.Meanwhile, the incident has also sparked discussions regarding the security of Bitcoin self-custody. Dragonfly Managing Partner Haseeb Qureshi stated that "AI security hardening costing around $2" could potentially have prevented this vulnerability, and noted that some AI models were able to rediscover related vulnerabilities within a relatively short timeframe. However, industry insiders pointed out that current claims about the speed of AI discovering vulnerabilities lack rigorous blind testing and verification.Researchers believe that as AI model capabilities improve, the costs of vulnerability discovery and attacks in the crypto industry may continue to decline, requiring wallet developers to further strengthen code audits and security protections. (Cointelegraph)
According to TechCrunch, Apple Inc. has formally applied for a preliminary injunction against OpenAI, requiring it to stop developing AI devices and related products based on Apple technology. Apple's latest investigation shows that, in addition to Senior Systems Engineer Chang Liu and Chief Hardware Officer Tang Yew Tan named in the previous complaint, another 11 former Apple employees may be involved in trade secret theft, with some having privately retained work equipment issued by Apple upon departure. Apple has simultaneously applied for an expedited discovery process, involving parties including OpenAI, its foundation, and the device startup io co-founded by Jony Ive. In response, OpenAI publicly stated that Apple's allegations are "based on misinformation and completely unnecessary," and counterclaimed that Apple has security procedure vulnerabilities, resulting in former employees still being able to access its internal systems.
Odaily News: Apple has limited the number of vulnerability reports a single researcher can submit at one time because its security team has received a large number of submissions generated by AI, many of which do not actually contain real flaws. Apple stated that researchers can request a higher limit at any time, and the company is also using AI internally to triage submissions.Bynario, a Milan-based cybersecurity startup, said it used OpenAI's ChatGPT to discover more than 50 vulnerabilities in the latest version of macOS within three weeks, including a privilege escalation chain that could give attackers full control of a Mac device.Bynario stated that it was unable to report this vulnerability because Apple had already rejected further submissions. Bynario CEO Alfredo Pesoli estimated the vulnerability's value on the criminal market at $100,000 to $200,000. Apple said it has reached out to the company and reviewed its work. In June, Apple added a submission cap and a 30-day cooldown period to its security portal. In a recent security update, Apple listed vulnerabilities discovered with the assistance of Anthropic and OpenAI software, with the number of fixes approximately five times that of a normal cycle. (Decrypt)
Odaily News: Capital One stated in its latest court filing that the closure of Trump-related accounts in 2021 was based on anti-money laundering (AML) reviews and banking regulatory requirements, rather than political reasons, and requested the court to dismiss the lawsuit filed by Trump's side.The lawsuit was filed by Trump's financial holding company shortly after he took office for the second time. Trump's side alleged that Capital One illegally closed his accounts for political reasons following the Capitol riot, characterizing the move as "debanking."Trump's legal team stated that Capital One and other major banks debanked Trump, his family, and his businesses "for obvious political reasons," and said they would continue to pursue the litigation. Capital One responded that the account closure decision was made after months of analysis and reviewed by the bank's anti-money laundering team in accordance with internal policies and regulatory guidelines.Capital One disclosed that it never publicly announced the account termination decision or the internal review process, and gave Trump-related businesses several months to find new banking services. Trump previously held more than 300 accounts at the bank, covering multiple Trump-branded businesses including golf courses and wineries. Trump had maintained a banking relationship with Capital One for over a decade. The account closures were not a political statement, but rather because certain account activities triggered anti-money laundering risk reviews. The case will ultimately depend on whether the court accepts Capital One's explanation of compliance review and risk management.Trump has also previously sued JPMorgan Chase, accusing the bank of ceasing to provide banking services for political reasons after he left office. Both banks have denied cutting ties with Trump, his family, and related businesses due to political factors. (Fortune)
Prediction market platform Kalshi has announced a partnership with compliance technology company Comply to provide enterprise clients with prediction market trading monitoring and compliance management tools. Comply will integrate prediction market trading data from Kalshi into its regulatory software system. Enterprises using Comply's services will be able to review employees' trading activities in event contracts to ensure compliance with company trading policies and prevent trading based on material non-public information (MNPI). This compliance capability will also extend to perpetual futures contracts launched by Kalshi in the future. (CNBC)
: Asset management giant BlackRock has announced the launch of two tokenized money market products: the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV). BSTBL will offer Ethereum-based tokenized shares of an existing money market fund. These on-chain shares can be transferred between approved wallets, subject to regulatory compliance. BNY Mellon will serve as the transfer agent and tokenization service provider for BSTBL. BRSRV, meanwhile, is a new tokenized money market fund designed for digital-native institutional investors, supporting daily dividend reinvestment and multi-blockchain access, and can be used for a variety of digital asset applications, including stablecoin reserve management. Securitize will serve as the transfer agent and tokenization service provider for this fund.
Odaily News: Ripple announced strategic investments in ZILO and Licuido, stating that these deals will bring regulated transfer agency, securities issuance, and collateral liquidity features to its XRP Ledger-based infrastructure.
Odaily News: With the rapid advancement of artificial intelligence technology, retail investing is gradually moving toward automation. A growing number of investors have begun using OpenAI's ChatGPT and Anthropic's Claude for stock research, building personalized trading systems, automatically monitoring investment portfolios, rebalancing assets, executing tax-loss harvesting strategies, and implementing trading plans based on investment goals.Analysts note that AI-driven automated investment tools are steadily approaching mainstream adoption, though large-scale proliferation still faces challenges. Market attention is focused on the potential impact on brokerage business models, as well as the risks associated with enabling software to understand personal financial goals and autonomously execute investment decisions. Industry insiders believe AI could become critical infrastructure for retail investing, but ensuring algorithmic decision-making transparency and alignment with users' risk preferences remains a challenge that regulators and the industry must address. (CNBC)
Odaily News - South Korea's financial regulatory authorities are pushing forward with amendments to the Capital Markets Act, planning to grant regulators "emergency intervention powers" to directly implement market stabilization measures during periods of severe stock market volatility. The Financial Services Commission (FSC) has initiated related legislative revisions together with the Financial Supervisory Service (FSS), focusing on single-stock leveraged ETF products that are believed to have amplified volatility during the recent market plunge. Proposed measures include adjusting leverage multiples and setting investment caps.Currently, certain single-stock leveraged ETFs in the Korean market employ leverage of up to 2x. Regulators are discussing whether to allow temporary reductions in leverage multiples during abnormal market fluctuations to mitigate risks arising from concentrated fund trading. This approach draws on recent regulatory measures in Hong Kong. The Securities and Futures Commission (SFC) of Hong Kong has previously permitted institutions that meet asset management capability, risk control standards, and disclosure requirements to adjust the multiples of listed leveraged and inverse products, providing room for dynamic market oversight.Korean regulators believe that under the current system, matters involving changes to return structures may require approval from fund holder meetings, making it difficult to meet the need for rapid response in extreme market environments. Therefore, they plan to establish an emergency regulatory mechanism that can be activated without complex procedures. Additionally, Korean financial regulators are considering: setting individual investment limits on single-stock leveraged ETFs, capping investment limits uniformly at approximately 20% to prevent excessive capital concentration, and introducing a simulation-based trading system to enhance investors' understanding of risks associated with leveraged products.Korean regulators stated that raising the basic margin requirement primarily raises the investment threshold, while investment limits function as a "cap" on capital inflows. Together, the two measures will form a complementary risk control system.Previously, starting July 31, South Korea raised the minimum margin requirement for investors in single-stock leveraged ETFs from 10 million Korean won to 30 million Korean won. Data shows that on the first day of the new rule's implementation, the trading volume of 16 related leveraged ETFs stood at approximately 3 trillion Korean won, only about one-fourth of the 12.4 trillion Korean won recorded the previous trading day and down roughly 80% from the 15 trillion Korean won level on July 29. (NATE)
Odaily News, OpenAI recently disclosed that it has successfully disrupted a cyber fraud organization based in Cambodia that used ChatGPT to assist in investment scams, romance scams, gambling fraud, and impersonation of law enforcement agencies. The investigation originated from leads shared with WhatsApp's security team. The organization was found to have used ChatGPT to create fake online identities, generate and translate scam scripts, produce promotional content for fraudulent schemes, and assist with daily operational tasks.OpenAI stated that it has banned ChatGPT accounts associated with the operation, shared relevant threat indicators with industry partners and concerned institutions, and taken measures to prevent these attackers from regaining access to its services. The specific financial losses caused by this fraud network have yet to be confirmed, but according to communications among the scammers themselves, the organization may have reached hundreds of victims, with some conversations mentioning victims losing thousands of dollars.
Odaily News: The U.S. Internal Revenue Service (IRS) issued a fraud alert on July 30, warning that scammers are mailing counterfeit IRS notices requiring cryptocurrency holders to register through a non-existent "Digital Asset Compliance Portal" before an urgent deadline. Each fraudulent letter contains a QR code that directs recipients to a website impersonating IRS.gov. The fake portal may request personal information, cryptocurrency wallet details, exchange login credentials, recovery phrases, private keys, or other data that could be used for theft. Cryptocurrency exchange Coinbase and cybersecurity firm Darktower traced the related infrastructure to a domain registered through a Hong Kong-based registrar shortly before the letters were distributed. Investigators found that the website is hosted in Romania, on a network previously associated with phishing pages impersonating financial institutions.
Odaily News: Dubai-based cryptocurrency exchange Shelbit has processed at least $4 billion in transactions since May 2024, serving as a hub connecting Iranian gambling websites, the Central Bank of Iran, and entities linked to Iran's Islamic Revolutionary Guard Corps. At least $676 million has been transferred from Shelbit-related addresses to Binance, including approximately $540 million moved after Dubai regulators fined the unlicensed exchange in January 2025. The report could not independently determine who within the Iranian government controls Shelbit, nor whether the Islamic Revolutionary Guard Corps directly operates the broader network.
Odaily News: Zurich-based crypto bank Sygnum Bank has integrated its regulated cryptocurrency services into the Bancastato online banking system, allowing clients in the Swiss canton of Ticino to buy, hold, and sell BTC, ETH, LTC, and SOL via Bancastato's web and mobile platforms without needing to open a separate exchange account. Bancastato has become the first bank to offer cryptocurrency trading through Sygnum's application programming interface within an Avaloq software-as-a-service banking environment. Clients can place market orders based on cryptocurrency quantity or dollar value, with Sygnum handling trade execution while Bancastato retains the client relationship, brand, and front-end experience. Sygnum stated that its B2B platform has provided trading, custody, compliance, and settlement infrastructure to more than 25 banks and international financial institutions, including partners such as Zuger Kantonalbank, Luzerner Kantonalbank, Postfinance, and VZ Vermögenszentrum. Sygnum noted that these collaborations have delivered regulated digital asset services to over one-third of the Swiss population through existing banking relationships.
Odaily News, August 1: trade.xyz has announced the completion of compensation distribution for the Hynix contract pricing anomaly event that occurred on July 27. Users will receive their corresponding USDC compensation without any additional action required.According to the announcement, compensation amounts are calculated based on a reference price of $1,115.5. Users with compensation under 10,000 USDC will receive the full amount directly; for amounts exceeding that threshold, an initial distribution of 9,999 USDC will be issued, and users must contact support to complete due diligence before August 15 to claim the remaining balance.At 23:01 UTC on July 27, the marked price of the SK Hynix token on trade.xyz briefly dropped from $1,127.9 to $917.25, triggering forced liquidations across numerous long positions.
Odaily News: Former US Congressman George Santos has reached a settlement with the US Commodity Futures Trading Commission (CFTC). The CFTC stated that Santos engaged in manipulative trading behavior while trading a prediction contract on Kalshi regarding whether he would attend the State of the Union address in February 2026, profiting over $17,500 from the trades.According to the CFTC's Friday announcement, Santos is required to pay $35,000 as part of the settlement, but neither admitted nor denied the regulator's findings.The CFTC stated that in the two weeks leading up to the State of the Union address, Santos repeatedly made public comments about whether he would attend the event, causing significant fluctuations in the price of the event contract. For example, while holding a "Yes" position indicating he would attend, he posted on X asking what he should wear to the State of the Union. Within hours, the price of the Yes position rose, after which Santos closed his position for a profit.The CFTC also alleged that Santos subsequently continued to post updates about his travel to Washington, D.C., including flights and train rides, and profited by trading back and forth based on market reactions to his public statements. The CFTC stated that Santos's conduct was intentional, or at least reckless. He traded in an event contract whose underlying outcome he could influence, and affected the contract price through misleading public statements or omissions of information, thereby profiting from his trading positions.Santos's attorney, Joseph W. Murray, stated in Friday's announcement that the State of the Union contract was Santos's first foray into prediction market betting.
Odaily News: Dubai-based unlicensed crypto exchange Shelbit is allegedly at the center of a $4 billion Iranian sanctions evasion network and has been accused of processing millions of dollars in cryptocurrency funds for a major illegal gambling network. Shelbit, operated by Iranian expatriate Siavash Kayvanpour, is suspected of funneling hundreds of millions of dollars through major crypto platforms and providing sanctioned entities, including the Central Bank of Iran, with access to global markets. According to U.S. and independent investigators, the operation appears to have close ties to Iran's Islamic Revolutionary Guard Corps, though direct control over Shelbit or the associated gambling network has not yet been confirmed.
Odaily News: Data submitted by the FBI to a legislative committee shows that in 2025, losses related to cryptocurrency kiosks in Texas reached $56.8 million, involving 1,179 complaints, ranking first among all U.S. states. Nationwide, related complaints totaled 13,460, with reported losses surging 58% year-over-year to $389 million. Cryptocurrency kiosks accept cash and convert it into cryptocurrency, typically located at gas stations and convenience stores. According to Texas Tribune data, there are approximately 4,000 such machines in Texas. Scammers often trick victims into withdrawing cash from their bank accounts and depositing it into the machines. Jesse Saucillo, Deputy Commissioner of the Texas Department of Banking, stated that once funds are transferred out, recovery is nearly impossible, as the money typically flows to non-custodial wallets and then into mixers and other channels. He added that AI-generated impersonation content of police and state agencies has made phone-based scams more deceptive. AARP data shows that since 2023, around 30 U.S. states have enacted laws related to cryptocurrency kiosks. Indiana imposed a full ban on such machines in March, with Tennessee and Minnesota following suit. Texas House Committee Chairman Rep. Cole Hefner said the state will consider measures that go beyond the scope of regulation.
According to the announcement on the CFTC official website, the U.S. Commodity Futures Trading Commission (CFTC) issued a Notice of Proposed Rulemaking (NPRM) on July 30 to solicit public comments on amendments to Parts 37, 38, and 39 of the regulations and sections 1.52 and 1.55, with a comment period of 60 days after publication in the Federal Register. This revision targets the increasingly common affiliations among CFTC-regulated entities, covering market participants including Derivative Clearing Organizations, Designated Contract Markets, Swap Execution Facilities, Futures Commission Merchants, and market makers, with a focus on resolving potential conflicts of interest within vertically integrated market structures. CFTC Chairman Michael S. Selig stated that the proposed rule will establish a principles-based regulatory framework for vertically integrated market structures, maintaining market integrity while avoiding stifling innovative market structures or imposing excessive compliance burdens on registered entities.
: BNY Mellon is migrating its core transfer agent records onto the blockchain to create a single, on-chain ownership ledger and reduce reliance on intermediaries. The initiative will initially support clients including Baillie Gifford, BlackRock, and BNY's own Dreyfus, covering the first fully native, UK-regulated tokenized fund and other planned tokenized products. BNY and other major banks are building blockchain-based infrastructure and tokenized deposit networks. The bank anticipates that legacy systems will continue to coexist for several more years amid persistent cybersecurity and smart contract risks.
Odaily Planet Daily: Ten European financial institutions have jointly launched Regulated Layer One (RL1), a network established as a European Cooperative in Luxembourg that has commenced operations, targeting regulated financial markets and tokenized assets. RL1 founding members include ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures, and Seturion. RL1 stated that each member holds equal decision-making power over the network's governance and development. This permissioned private network is built on infrastructure developed by German fintech company Secure Worldwide Interbank Asset Transfer (SWIAT), which has transferred ownership of the network to the cooperative. SWIAT stated that during its three-year production phase, the platform processed over 50 transactions with a total value exceeding €700 million. RL1's intended use cases include digital currencies, tokenized bonds, collateral, and blockchain-based settlement. RL1 will be led by former SWIAT Managing Director Henning Vollbehr. KfW and L-Bank will continue to support the initiative, and RL1 is in discussions with additional institutions such as NatWest regarding joining the network.