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A New York bank has agreed to a multi-million dollar class action settlement over prior data breaches. Flagstar Bank has settled for $31.5 million related to two 2021 data breaches that exposed personally identifiable information of more than 2 million consumers, including about 364,000 in California. The settlement addresses claims that the bank failed to implement adequate security measures during the January and December 2021 incidents. Class members can seek compensation for documented losses up to $25,000, with a claims deadline in August 2026. The resolution provides relief to affected individuals whose data was compromised years earlier, including potential cash…

In brief Bernstein analysts kept a $150,000 Bitcoin price forecast in play despite its nearly 50% retrace from all-time highs. Analysts pointed to potential regulatory clarity and Strategy remaining a net BTC buyer as possible tailwinds. Bitcoin has jumped more than 6% this week, hitting its highest point in the last two weeks. Since reaching a new all-time high price last October, Bitcoin has failed to meet lofty future price targets from enthusiasts and analysts alike, falling nearly 50% since that time. But as it changes hands at $63,836 on Monday after touching $63,900 earlier in the day—its highest price in…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Payward Europe securing an electronic money institution license in Lithuania gives Kraken’s parent-company structure another regulated route for euro-denominated fiat and crypto services in Europe. For more details, visit the official Bank of Lithuania platform. TL;DR Payward Europe has obtained an EMI license in Lithuania, according to the Bank of Lithuania listing.The license strengthens regulated fiat-rail access for Kraken-linked European operations.European crypto firms are racing to align payments, custody, and exchange services with clearer licensing frameworks. Crypto exchanges do not only compete on tokens and fees. They…

In brief BONK suffered a $20 million exploit related to a malicious governance attack. A passed proposal sent 4.4 trillion BONK tokens to an alleged attacker’s address. The meme coin team is working with exchanges and the Solana Foundation to manage the situation. BonkDAO, the decentralized autonomous organization tied to the popular Bonk meme coin on Solana, fell victim to a “malicious” governance attack that resulted in a roughly $20 million heist from its treasury. The team behind the meme coin and its various endeavors said it is working with centralized exchanges, network bridges, and the Solana Foundation as it navigates…

In brief U.K. Foreign Secretary Yvette Cooper warned that governments need global agreements to manage AI risks. Cooper compared the challenge to nuclear safety efforts that followed World War II. She called for cooperation between the U.S., China, and other AI powers on safety standards. Governments risk repeating mistakes made during the dawn of the nuclear age if they wait to create laws governing artificial intelligence, warned UK Foreign Secretary Yvette Cooper.In an article published on Monday, Cooper said AI offers breakthroughs but also presents new risks as the technology becomes more powerful and widely available.“Last month, in Shenzhen, China,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is catching a macro bid after softer U.S. jobs data strengthened the market’s view that the Federal Reserve has more room to cut rates. For more details, visit the official BLS platform. TL;DR The latest U.S. employment data pointed to a cooler labour market.Softer jobs numbers can support expectations for Fed rate cuts.Bitcoin traders are watching whether macro relief can offset supply pressure from large BTC transfers. Crypto does not trade in isolation when interest-rate expectations are moving. Bitcoin may be a digital asset, but it…

In brief ByteDance’s Doubao and Alibaba’s Qwen are disabling humanlike agent features ahead of Beijing’s Interim Measures for the Administration of AI Anthropomorphic Interaction Services, effective July 15. China’s first regulation specifically targeting emotional AI bans services that simulate human personality and “sustained emotional interaction,” with especially strict limits on virtual companions for minors. Research backs Beijing’s concern: Even the best frontier AI models routinely encourage harmful emotional attachment, and one in seven young adults in relationships now uses an AI romantic companion. While American politicians tackle the impact of AI chatbots on the mental health of users with restrictions…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Solana has slipped below the $80 level, and that is enough to keep traders cautious. SOL is trading around $78, which puts the market back in a familiar position: price is soft, but the ecosystem story is still moving. That tension has defined Solana for much of the cycle. It often trades like a high-beta altcoin, but its network activity increasingly looks like something more serious than just speculative token churn. For more details, visit the official Solana platform. TL;DR SOL is sitting below $80, but Solana’s…

In brief UN Secretary-General António Guterres opened the first Global Dialogue on AI Governance in Geneva calling AI deployment “faster than anyone—including the people building it—can keep up.” Guterres repurposed “vibe coding”—the practice of letting AI write software without close human scrutiny—as a metaphor for dangerously passive governance: “We cannot vibe code the future of humanity.” He demanded an international law ban on lethal autonomous weapons and launched an AI Child Safety Pledge, with a second dialogue scheduled in New York in 2027. UN Secretary-General António Guterres opened the first Global Dialogue on AI Governance in Geneva on Monday telling…

In brief More than 150,000 people applied to Joi AI’s paid AI-guided masturbation study. Applicants from around the world forced the company to create a public selection process. Joi AI says many users come for adult content but stay for conversation and companionship. When the AI companion company Joi announced in May that it would pay people $2,000 to test an AI-guided masturbation feature, it expected attention. It didn’t, however, expect the campaign to go viral, drawing more than 150,000 applications.Instead, the flood of applications forced the company to quickly develop and publish a formal selection process explaining how participants…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Solana is making a point that matters for the next phase of on-chain markets: bridging an asset is not the same thing as creating a market for it. In a new ecosystem post, Solana breaks down how external assets can start trading on the network from day one, using Sunrise and assets such as HYPE as examples. The interesting part is not simply that tokens can move across chains. It is that liquidity, routing, and market structure need to be ready when they arrive. For more details,…

In brief BitMine added more than $73 million in Ethereum last week, pushing it closer to 5% of the total circulating supply. The firm now holds more than 5.74 million ETH, 4.87 million of which is staked for yield. Shares of BMNR, which were recently added to the Russell 1000 index, are up more than 5% since market open. Publicly traded Ethereum treasury firm BitMine Immersion Technologies added around $73 million in ETH last week while Strategy, its leading Bitcoin counterpart, dumped $216 million in BTC to pay dividend obligations. BitMine now maintains a treasury of 5,742,237 ETH—more than 4.7% of…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The stablecoin market has a new heavyweight challenger, and it is not arriving as a single issuer trying to outmuscle Tether or Circle alone. Open Standard has introduced Open USD, a dollar-backed stablecoin effort backed by more than 140 businesses across payments, fintech, crypto, and broader financial infrastructure. That makes the story bigger than another ticker. It turns stablecoin competition into a distribution fight. For more details, visit the official Joinopenstandard platform. TL;DR Open Standard says Open USD is designed for the internet economy, with more than…