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New analysis of Bitcoin theft reports reveals that stolen funds overwhelmingly came from long-dormant wallets, with victims reporting a median loss of over one coin. Data posted on X from Galaxy Research’s Alex Thorn looked at 250 victim reports and found the typical stolen coin had sat untouched for 3.5 years, and a striking 88% of pilfered funds were at least a year old. By address, losses ranged from a median of 0.014 Bitcoin to a mean of 0.212 Bitcoin, while individual victims reported a median loss of 1.022 Bitcoin and an average of 4.04 Bitcoin — with one unlucky…
Flagstar Bank has reached a proposed class action settlement to resolve claims over two separate cyberattacks that compromised customer data. The agreement establishes a $31.5 million fund to compensate affected individuals, reports USA Today. The breaches occurred in January 2021 and December 2021, exposing personal information belonging to approximately 2.19 million people nationwide, including about 364,000 California residents. Eligible class members can seek reimbursement of up to $25,000 for documented losses such as fraud or identity theft costs. Those without specific losses may receive a residual cash payment estimated around $60, with the possibility of higher amounts depending on claims…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A proposed XRP Ledger amendment known as XLS-68 could let sponsors cover transaction fees and reserves for other users, making it possible for some wallet interactions to happen without the end user directly holding XRP. The feature, included in the xrpld v3.3.0 amendment bundle, is part of a broader move toward fee abstraction and smoother user onboarding. That does not mean XRP demand will definitely fall. It means some users may be able to interact with applications while another party handles fees and reserves behind the scenes.…
SUI Group Holdings has lent 6 million SUI tokens to Bluefin Markets under an uncollateralized agreement that lets the borrower reuse the assets and gives the Nasdaq-listed treasury company a share of Bluefin’s revenue. The arrangement may improve income, but SUI Group has not disclosed the revenue base needed to show that it can compensate for the added counterparty and liquidity risk.The company’s Aug. 6 results filing said it held 109.1 million SUI as of Aug. 3, including the 6 million SUI recorded as loan receivables. It marked the total position at $75.3 million using a $0.69 SUI reference price.…
In brief OFAC designated Shelbit Exchange and Aban Tether, accusing both of moving funds for the Iranian armed forces and previously sanctioned Iranian exchanges. Treasury says Iran-linked wallets sent over $1 million to Shelbit, which sent more than $2 million back. The State Department is offering up to $15 million for tips disrupting the Iranian military’s financial machinery. The U.S. Treasury just sanctioned two crypto exchanges it says laundered millions for Iran’s Revolutionary Guard—naming one operator who ran the scheme from Georgia and the UAE, and a second platform based in Iran.OFAC announced the action on August 7 under its…
In brief Trump Media has ended plans for a Crypto.com-backed CRO treasury company. The companies also scrapped a broader digital asset deal and scaled back prediction market plans. Existing Truth Social Funds ETFs will continue unchanged. President Donald Trump’s Trump Media & Technology Group has scrapped plans to launch a Crypto.com-backed CRO treasury company and abandoned a broader digital asset deal with the company.According to a report by Axios, Trump Media, Crypto.com, and special purpose acquisition company Yorkville Acquisition Corp. have mutually agreed to terminate the proposed Trump Media Group CRO Strategy, a previously announced services agreement, and related digital…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Backpack Exchange has listed TRON for both spot and perpetual trading, adding TRX/USD and TRX-PERP markets to its exchange lineup. Backpack’s listing materials say the listing was announced on July 29, 2026, with TRX spot trading and perpetual contracts offering up to 10x leverage. For TRON, the listing gives traders another venue for accessing TRX markets, though it should not be overstated as a major change to global liquidity on its own. Exchange listings matter, but not all listings are equal. The real impact depends on volume,…
In brief The SEC plans to unveil its long-awaited crypto rules this month. The proposal would include safe harbors and broad exemptions for certain crypto activity. The move comes as Congress’ broader Clarity Act faces an uncertain path before the November midterms. The SEC said Tuesday it plans to introduce its long-awaited crypto rulemaking as soon as this month, bringing the agency a step closer to establishing a regulatory safe harbor for certain crypto-related activities in the United States.An updated SEC agenda for 2026 has the rule penciled in for a potential July release, which would then be followed by…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure German government-linked wallets have sent another tranche of Bitcoin toward Kraken and Coinbase, keeping traders focused on state-level selling pressure as BTC tries to stabilize. For more details, visit the official Arkham platform. TL;DR Arkham-tracked German wallets have sent more BTC to major exchanges.The latest transfers include flows toward Kraken and Coinbase-linked destinations.Exchange deposits are being watched as a potential sell-side pressure signal. This is the more tactical version of the Germany Bitcoin story. The broad point is that seized coins are moving. The trading point is…
In brief Anthropic removed hidden tracking markers from Claude Code after researchers discovered code used to identify some Chinese users. The company said the experiment was intended to prevent account abuse and detect possible AI model distillation. The discovery comes as Anthropic pushes lawmakers to crack down on unauthorized copying of frontier AI models. Anthropic has removed a hidden tracking system from Claude Code after a security researcher discovered the AI coding assistant was using undisclosed markers to identify some users’ location, proxy use, and possible links to Chinese AI labs.The feature, discovered in June by developer “Thereallo,” embedded signals…
In brief A new study says AI is forcing universities to rethink teaching, assessment, and career preparation. Researchers argue schools should prioritize AI literacy over relying on detection tools and plagiarism policies. Human skills, including judgment, communication, and adaptability, could become more important as automation expands. As artificial intelligence changes how companies operate, universities need to rethink how to prepare students for an AI-powered workplace, according to a new study.Published in Frontiers in Education, the paper by Dr. Kelechi Ekuma of the University of Manchester’s Global Development Institute argues that universities should reconsider how they teach, assess, and prepare students…