FlightAware sues Kalshi over flight cancellation data

FlightAware, a company that offers real-time status and information about flights globally, filed a lawsuit against Kalshi in a New York federal court over the prediction markets platform using its “data and name to run gambling markets on flight cancellations.”  In a Monday filing in the US District Court for the Southern District of New York, the company said that despite repeated demands for Kalshi to stop using its registered trademark and offering bets “verified by FlightAwares data,” the prediction market has continued to list event contracts based on flight cancellations.  The lawsuit cited authorities‘ claims that event contracts on prediction market platforms like Kalshi were “wagers” in violation of state laws, adding that the company’s expansion to trading on commercial flights starting in July was associating FlightAware with activities potentially harming its reputation. FlightAware sought to “stop Kalshis illicit behavior before there is any harm to public safety.”  “[T]here was widespread outrage and concern that the markets would incentivize unsafe tactics to impact cancellations, threatening public safety and creating the potential for massive disruption of air travel. Airlines condemned the markets,” said the lawsuit. “And due to Kalshi‘s unauthorized use of FlightAware’s data and mark, customers immediately assumed that FlightAware was involved

08-12انڈسٹری

Coinbase-backed Flowdesk secures full broker-dealer license in Dubai

Flowdesk, an institutional crypto market maker backed by Coinbase Ventures and BlackRock, has received a full broker-dealer license in Dubai, expanding its ability to serve institutional investors in the emirate.  On Tuesday, Flowdesk said Dubais Virtual Assets Regulatory Authority granted the license to its local entity, Flowdesk Omega FZE, allowing it to provide regulated broker-dealer services to qualified and institutional investors in and from Dubai.  The approval follows Flowdesk‘s broader regulatory expansion, with the company receiving authorization in France as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets framework.  Broker-dealers are playing an increasingly important role in the cryptocurrency market, bridging traditional finance and digital assets while providing liquidity, custody services and regulatory compliance. Earlier this month, crypto market maker Wintermute launched a US broker-dealer, allowing it to trade stocks and options.  Digital asset infrastructure provider BitGo and securities marketplace operator OTC Markets announced in July that they plan to provide digital asset trading and custody infrastructure for more than 150 broker-dealers using OTS Link ATS, an alternative trading system.  Related: SoFi taps BitGo to provide infrastructure for bank-issued stablecoin

08-12انڈسٹری

Nasdaq to acquire LeveL Markets in push toward ‘always-on’ markets

Nasdaq has agreed to acquire LeveL Markets, the third-largest alternative trading system in the US by trading volume, as part of its push into tokenized and always-on markets.  According to Nasdaq, LeveL Markets processes hundreds of millions of shares daily and serves more than 2,500 buy- and sell-side clients. The venue will operate within Nasdaq‘s new Digital Liquidity Networks unit, led by Roland Chai, who has overseen the company’s digital assets strategy since earlier this year.  Nasdaq first invested in LeveL Markets in 2021. The platform has since grown to execute trades across more than 7,000 symbols daily and serves more than 300 institutional buy-side firms, with average daily trading volume increasing 56% in 2025.  Tuesdays announcement said LeveL Markets will remain a FINRA-regulated ATS with its own management team following the acquisition. Financial terms were not disclosed, and the deal remains subject to regulatory approval.  Nasdaq said the acquisition will add LeveLs institutional execution network to its broader push toward programmable, “always-on” markets. The Digital Liquidity Networks unit combines liquidity platforms, tokenization capabilities and digital asset technology.  Related: Tokenized RWA surge to $4T may push LINK to $200 by end-2030: Standard Chartered  Nasdaq expands push into tokenized, always-on markets  Nasdaq first proposed allowing tokenized securities to

08-12انڈسٹری

Russia proposes exchange trading of Bitcoin, Ether and Tethers USDT

Russias central bank has compiled a proposed list of crypto assets that could be admitted to public trading on exchanges under new rules approved last week.  The list includes Bitcoin, Ether and Tethers stablecoin USDT, the Bank of Russia said Tuesday, adding that the assets meet criteria including market capitalization, average daily trading volume and at least five years of price history on overseas markets.  The proposal follows a new law, signed by President Vladimir Putin on Aug. 4, that gives the Bank of Russia authority to determine which digital currencies can be admitted to organized trading and set related rules.  Under the rules, non-qualified investors could buy up to 300,000 Russian rubles ($3,650) worth of cryptocurrency per year through each intermediary, including a broker, crypto exchange service or asset manager. Qualified investors would face no purchase limits for crypto assets traded on exchanges or over-the-counter markets.  “Before making transactions, all investors, regardless of their status, will have to pass a test and familiarize themselves with the risks of investing in crypto assets,” the Bank of Russia said.  The central bank said the restrictions are designed to protect non-qualified investors from sharp and unpredictable fluctuations in crypto prices. The regulator is accepting comments on the

08-12انڈسٹری

BTCPay Backers Offer Bitcoin Bounty After Wallet Exploit

In briefBTCPay Server supporters offered 10% of recovered funds, capped at 3 BTC.Attackers stole Bitcoin using credentials taken from vulnerable LND servers.Users running affected software should update to version 2.4.2 immediately.  BTCPay Server supporters are offering 10% of any funds recovered, capped at 3 BTC currently worth around $190,000, if all the Bitcoin stolen in a recent exploit is returned.  In a post on X on Monday, BTCPay said the offer extends to anyone with information that could help recover the funds, including the attacker.  “We will examine our mistakes, but regret alone will not help affected users or secure the project,” the company wrote. “There is no time to waste. We have to learn, improve, and act quickly.”  BTCPay first warned users about the attacks on Friday, urging them to install a new version, 2.4.2, or take their servers offline. At the time, the project had not confirmed any thefts or explained how the exploit worked.  According to BTCPay, the flaw allowed attackers to obtain LND admin macaroons—credentials that grant broad control over a Lightning Network node—and use them to access connected wallets. The Lightning Network is a layer-2 payment network built on the Bitcoin blockchain that enables faster and cheaper transactions. Lightning Network

08-12انڈسٹری

Cryptocurrency spot volume drops 21.7% to $429B as all 14 exchanges retreat

Crypto trading cooled off sharply last month. According to data compiled by WuBlockchain, cryptocurrency spot volumeacross major exchanges fell to roughly $429.0 billion in July 2026, a steep pullback from the previous month that touches every single platform tracked in the report. The numbers paint a picture of a market that went quiet almost everywhere at once, not just at one or two venues.  Key takeawaysTotal spot trading volume across 14 exchanges reached about $429.0 billionin July 2026.Volume dropped 21.7%from June 2026s $547.9 billion.All 14 exchanges in the sample recorded a month-over-month decline — none rose.Binancetopped the list with $196.5 billion, a 45.8% market share.Binance, OKX, and Bybit together controlled about 64.0% of total volume.  July 2026 Spot Trading Volume Overview  Spot trading activity across the tracked exchanges shrank noticeably in July, with the combined total landing near $429.0 billion — down from $547.9 billion in June. That‘s a drop of roughly 21.7% in a single month, one of the sharper contractions seen in recent exchange data. WuBlockchain’s compiled figures show this wasnt a case of a few laggards dragging down the average; the slowdown was broad-based.  Total Volume and Month-over-Month Decline  The 21.7% month-over-month decrease in cryptocurrency spot volumestands out because it wasnt isolated

08-11

OpenAI Ships GPT-5.6-Cyber Through Gated Daybreak Red Access Tier

OpenAI has released GPT-5.6-Cyber, a cybersecurity-specific model that gives approved defenders tools for exploit development and vulnerability research.  The company positioned the launch around a shrinking window for defense. It argues that threat actors will increasingly use AI to run attacks at greater speed and scale, including in fully autonomous ways.  OpenAI Gives Trusted Defenders Frontier Cyber Tools  GPT-5.6-Cyber is built on GPT-5.6 Sol, OpenAIs standard model. Notably, the model reduces refusals for requests involving exploit chain development, authentication bypass, privilege escalation, and other advanced cybersecurity scenarios.  Sponsored  Sponsored  OpenAI says it completes 95% of these requests, compared with 1.5% for its general-purpose GPT-5.6 Sol model.  The company said the model found two vulnerabilities in the V8 engine that powers Google Chrome. It reported them to Google as CVE-2026-15903. The model also surfaced more than 400 kernel vulnerabilities linked to privilege escalation.  Meanwhile, OpenAI said its expanding Daybreak to two access tiers. Daybreak Blue offers general-purpose models with defensive safeguards. Daybreak Red provides access to purpose-trained cybersecurity models, including GPT-5.6-Cyber.  “Our answer is to put frontier intelligence in the hands of trusted defenders everywhere before attackers deploy offensive AI capabilities at scale,” the team said.  Follow us on X to get the latest news as it happens  Rogue AI Incidents Sharpen

08-11انڈسٹری

Bitdeer Stock Craters 20% Following Wider Second-Quarter Net Loss

Bitdeer (BTDR) stock fell to its lowest level since March 31, after the crypto miner reported a wider second-quarter loss and revenue that missed Wall Street forecasts.  The Nasdaq-listed miner lost $0.37 per share, wider than the $0.32 expected by analysts. Revenue of $228.8 million also trailed the $231.16 million consensus.  Sponsored  Sponsored  Earnings Miss Overshadows Revenue Growth  Bitdeers net loss widened to $92.3 million from $62.9 million a year earlier. The company also swung to a gross loss of $8.5 million from a $12.0 million gross profit, according to its reported results.  The shortfall extended a difficult stretch that followed a $159.5 million deficit in the first quarter. Revenue still climbed 47% to $228.8 million from $155.6 million.  However, the cost of revenue outpaced that gain, rising to $237.3 million on electricity and depreciation charges.  Follow us on X to get the latest news as it happens  Mining Output and AI Push Continue  Operationally, the quarter told a stronger story. Self-mining revenue nearly tripled, from $59.3 million to $168.4 million. The gain came as Bitcoin (BTC) mined jumped to 2,694 from 565 a year earlier.  Adjusted EBITDA improved sharply to $31.1 million from $4.6 million over the same period. Bitdeer is also pushing deeper into artificial intelligence infrastructure.  Sponsored  Sponsored  AI Cloud revenue

08-11انڈسٹری

ZachXBT Traces $5M Crypto Thefts to US-Based Support Impersonation Scammer

Onchain investigator ZachXBT named a US-based threat actor, Tiffany Milanovich, who is tied to at least $5 million in crypto theft through fake support calls.   According to his findings, Milanovich worked as a “caller,” phoning victims while posing as support staff and talking them into surrendering access to their funds. He said she recorded herself taunting victims after draining them.  Sponsored  Sponsored  How the Impersonation Scheme Worked  Milanovich worked as part of a group. As the caller, she impersonated the hardware wallet and centralized exchange support.  A separate actor using the aliases “bled” and “harm” supplied the phishing-panel infrastructure, according to the report.  In June 2026, a victim lost $1.2 million in Bitcoin (BTC) and Ethereum (ETH) after the group drained the victims Trezor wallet. The attack began with a spoofed BitcoinIRA email sent under the alias “Patricia Massie.” ZachXBT said the bulk of the stolen funds remain dormant onchain.  An earlier theft in October 2025 cost a victim $500,000 in Bitcoin after the group drained a Coinbase account. ZachXBT said Milanovich complained about her cut and posted a screenshot of the withdrawal herself.  Follow us on X to get the latest news as it happens  1Meet Tiffany Milanovich, a US based threat actor tied to at least $5M

08-11انڈسٹری

South Korea drops Travel Rule threshold for crypto transfers

South Korea will expand its crypto Travel Rule to all transfers between registered virtual asset service providers (VASPs), removing the current 1 million won (about $700) threshold.  The countrys Cabinet approved amendments to the Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information on Tuesday.  Under the changes, the Travel Rule will apply to all transfers between registered crypto service providers regardless of value. Receiving platforms will also be required to obtain sender and recipient information and may request missing information or reject transactions when required data is unavailable.  Removing the threshold is intended to prevent users from circumventing the rule by splitting transfers into smaller amounts, according to the Financial Intelligence Unit.  It cited one case in which a user bought Tether USDt (USDT) after depositing about 200 million won into a crypto exchange and then made 216 withdrawals, each worth less than 1 million won.  Related: South Korea plans stablecoin rules as opposition pushes crypto tax repeal  South Korea tightens rules for overseas exchanges, personal wallets  The amendments also introduce new Anti-Money Laundering (AML) requirements for transfers involving overseas crypto exchanges and personal wallets.  Registered local VASPs will be required to determine which transfers they allow based on the risk posed by

08-11انڈسٹری
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