How 4,100 stolen Bitcoin bankrolled a life of private jets and supercars

Malone Lam pleaded guilty to leading a crypto theft enterprise that prosecutors say stole and laundered more than $245 million.  Related Asset Bitcoin #1 BTC · $78,567.68 24-hour change: down 0.21% 24H Down 0.21% 7D Up 1.51% 30D Up 23.07%  The 22-year-old Singapore citizen admitted Tuesday in Washington to participating in a racketeering conspiracy, marking a major turn in a case that began with one of the largest known thefts from an individual Bitcoin holder.  Prosecutors said Lam organized an international network that targeted crypto owners through social engineering and, in some cases, home break-ins to obtain information needed to drain their wallets. The enterprise operated from at least October 2023 through May 2025 and included participants in California, Connecticut, New York, Florida and overseas.  Lam, who used online aliases including “Anne Hathaway,” “$$” and “King Greavy,” selected targets and coordinated roles across the group, prosecutors said. The network grew from relationships formed on online gaming platforms before developing into a wider operation built around stealing and laundering digital assets.  The proceeds financed an extravagant lifestyle. Members spent as much as $500,000 during a single nightclub evening, gave away luxury handbags at parties and bought watches worth between $100,000 and more than $500,000. Prosecutors also

09-10انڈسٹری

Arbitrum watchdog seeks permanent ban for three grant abuse cases

Arbitrums Watchdog Committee has proposed permanently excluding three DeFi projects from future DAO programs after flagging cases involving 457,553 ARB, valued at roughly $76,000.  SummaryGood Entry, Limitless, and APX Finance face separate permanent-ban votes.The committee identified alleged misuse involving a combined 457,553 ARB.Projects have until Sep. 10 to respond and return any disputed funds.Any ban would restrict future DAO participation without freezing wallets or protocols.  Arbitrum grant cases involve three different findings  The Sep. 3 governance proposal said Good Entry, Limitless, and APX Finance, formerly ApolloX, had been linked to what the Watchdog Committee classified as high-severity misuse of DAO funds.  According to the committee, high-severity cases involve large and deliberate misuse of money allocated by ArbitrumDAO. Examples can include fabricated work and theft, although the findings differ across the three projects under review.  The cited amounts add up to 457,553 ARB, worth about $76,000 at the valuation used in the proposals coverage. However, the total does not represent one confirmed theft or a single balance owed to ArbitrumDAO. It combines separate findings involving distributions to ineligible accounts, funds moved away from Arbitrum, and grant tokens that were allegedly left unused or distributed late.  You might also like:  Arbitrum co-founder defends Robinhoods 90% fee share  Good Entry received

09-10انڈسٹری

DoubleZero co-founder addresses whether faster Kalshi data disadvantages retail traders

DoubleZero co-founder Austin Federa has defended open access to Kalshis faster election-market data feed while confirming that the infrastructure remains read-only and provides no way to submit or execute trades.  Austin Federa told crypto.news that professional traders tend to compete on speed with each other, while tighter competition between market makers can produce narrower spreads and better prices for other participants.  Federa was responding to concerns that professional firms receiving faster information could gain an advantage over retail users who continue to access Kalshi through slower public-internet connections.  “Our answer to the imbalance concern is open access: the fastest data path shouldnt be private rails and at unreachable price-levels. By placing Kalshi election market data over DoubleZero rails, anyone, from anywhere, can subscribe to the same stream,” Federa said.  DoubleZero announced on Sep. 9 that Kalshi‘s election and politics markets had become available through DoubleZero Edge ahead of the U.S. election season. The service distributes Kalshi’s full election order book, including bids, offers and completed trades, over a dedicated fiber network.  DoubleZero says open access addresses the retail gap  Although subscribers receive data faster than users relying on ordinary internet routes, Federa said access to the feed is not restricted to a selected group of trading

09-10انڈسٹری

TRM Labs doubles valuation to $2B in Series C expansion

Blockchain intelligence firm TRM Labs has doubled its valuation to $2 billion following an expansion of its Series C funding round led by Blockchain Capital. The company did not disclose the size of the latest investment but said its annual recurring revenue has quadrupled over the past three years, according to an announcement Wednesday.  The expansion follows a $70 million Series C in February, also led by Blockchain Capital. TRM provides blockchain intelligence and investigation software used by more than 600 government agencies and private-sector institutions across 75 countries, the company said.  Prior to the February round, the company was valued at $930 million, according to data compiled by Traxcn. It breached the $1 billion valuation mark in the round that included Citi Ventures and Galaxy among the investors.  TRM said its AI-powered tools are used to investigate fraud, money laundering, sanctions evasion and other forms of digital crime.  Digital crime losses reported to the FBIs Internet Crime Complaint Center rose to $21 billion in 2025 from $16 billion in 2024, while TRM said criminal adoption of AI has risen 40% year over year in 2026, citing its AI-in-Crime Adoption Index.  The new valuation comes about two months after US Immigration and Customs Enforcement (ICE)

09-10انڈسٹری

Apple Unveils Redesigned Siri AI and A20 Pro Chip as CEO John Ternus Makes Debut

In briefApple introduced Siri AI at its “Surprise and Shine” event on September 9, running on Googles Gemini technology under a deal reportedly worth about $1 billion a year, and confirmed it wont work on any iPhone or iPad in the European Union at launch.The iPhone 18 Pro and Pro Max ship with the A20 Pro, Apples first chip built on TSMCs 2-nanometer process, featuring a dual Neural Engine with 32 cores, double the previous generation.Apples first foldable, the iPhone Duo, starts at $1,999 for 256GB, tops out near $3,000, and wont reach stores until October, a month after the rest of the lineup.  John Ternus ran his first keynote as Apples chief executive on Wednesday, opening the “Surprise and Shine” event eight days into the job. He took over from Tim Cook on September 1, with Cook shifting to executive chairman after 15 years running the company.  Ternus used the stage to introduce a redesigned Siri and a new 2-nanometer chip, built with AI performance in mind.  Myriad: How high will Nvidia trade in Sept? Click to make your prediction.  “This is the fastest chip ever put into an iPhone,” Ternus said on stage, referring to the new A20 Pro. He framed the

09-10انڈسٹری

World Prediction Market Launches on Solana With 1 Million-User Waitlist

World has launched its standalone prediction market platform on Solana, opening world.xyz to more than one million waitlisted users. The platform expands World beyond Phantom, where its markets have been available since July. According to World over 150,000 markets have come into existence in sports, crypto, politics, finance, economics, and culture.  Ad  Ad  World Brings Standalone Prediction Markets to Solana  The launch features all of the NFL regular-season games, seven soccer leagues, Formula 1, and the 2026 U.S. midterm elections. Users can also swap markets linked to the upcoming Federal Reserve policy decision.  All markets have ‘yes’ and ‘no’ contracts, and the prices of these contracts range from $0 to $1. Contracts are settled with CASH, Phantoms dollar-backed stablecoin. World acts as a non-custodial protocol, and orders are sent to liquidity providers on Solana.  World does not require users to have a brokerage account or exchange registration to use it. However, there are still network fees requirements for Phantom users for opening and closing positions.  Discover more  Open Trading Account  Stock  FINANCE  Even before releasing its stand-alone website, World had already integrated prediction markets into Phantom. Since June 1, 2026, Worlds prediction market service has supported positions opened under the service.  Ad  Ad  Chainlink Provides Automated Market Resolution  World leverages Chainlink Data Streams and the

09-10انڈسٹری

Kalshi has filed to launch gold and silver perps

Kalshi has filed to list two dollar-settled perpetual futures tied to gold and silver, extending its no-expiry contract lineup beyond 18 cryptocurrencies for eligible U.S. traders.  SummaryGOLDPERP and SILVERPERP are scheduled to begin trading on Sept. 9.Both contracts use Pyth Network prices and settle in U.S. dollars.Kalshi filed the products through the CFTCs self-certification process.The contracts will trade around the clock without fixed expiration dates.  Kalshis Sept. 9 regulatory filings with the Commodity Futures Trading Commission show that the company plans to list GOLDPERP and SILVERPERP through its registered derivatives exchange.  Under the proposed terms, each product would give traders exposure to changes in the relevant metals spot price without requiring delivery of physical gold or silver. Both contracts would settle in U.S. dollars and remain open indefinitely, according to the filings.  The company submitted the contracts under CFTC Regulation 40.2(a), which allows a designated contract market to certify that a new product follows the Commodity Exchange Act and the regulators rules. Unlike a formal approval proceeding, self-certification does not necessarily involve an affirmative vote by the commission on each contract.  Discover more  Currencies & Foreign Exchange  stock  Distributed & Cloud Computing  Kalshi gold and silver perps will use Pyth prices  According to the contract terms, GOLDPERP will track the

09-10انڈسٹری

Elbit Systems Ltd. (ESLT) Stock: U.S. Maritime Defense Unit Enters New Brand Era

TLDR  ESLT rises 1.62% to $719.97 as its U.S. maritime defense unit adopts a new name.Sparton and Logos Technologies now operate together as Twenty-Six Defense Maritime.The maritime unit keeps sonobuoys, undersea electronics and advanced imagery work.Twenty-Six Defense employs about 3,300 people across eight U.S. states in defense.Elbit keeps the historic Sparton name across its established sonobuoy portfolio.  Elbit Systems Ltd. at $719.97, up 1.62%, after its U.S. maritime defense unit adopted a new identity. Sparton DeLeon Springs and Logos Technologies now operate as Twenty-Six Defense Maritime under Elbit Systems American business. The change keeps core maritime programs intact while aligning the unit with the broader Twenty-Six Defense brand.  Elbit Systems Ltd., ESLT  Twenty-Six Defense Maritime Replaces Sparton and Logos Names  Twenty-Six Defense Maritime now combines Sparton‘s undersea defense operations with Logos Technologies’ advanced imagery capabilities under one operating name. The unit will continue producing high-performance sonobuoys, undersea electronics, sensing systems, and imagery solutions for U.S. defense customers. Donnelly Bohan will remain chief executive, providing leadership continuity during the transition into the new brand structure.  Discover more  Distributed & Cloud Computing  Stocks & Bonds  NEWS  The rebrand follows the launch of Twenty-Six Defense, formerly known as Elbit Systems of America across its United States operations. That business employs about 3,300 people

09-10انڈسٹری

Japanese Yen: Strength builds against US Dollar ahead of BoJ decision – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret highlight ongoing Japanese Yen (JPY) outperformance, with USD/JPY drifting toward key support near 153 and the 2026 low around 152. Markets fully price a 25 bp Bank of Japan (BoJ) hike on September 18. They see risks tilted to further Yen gains as positioning looks increasingly offside and resistance now comes in around 155.  Upside risk for JPY as BoJ looms  “The JPY is outperforming with a modest 0.2% gain and clearly ignoring the terms of trade implications of the latest rally in oil prices.”  “Risk for the JPY remains firmly tilted to the upside as market participants assess the state of sentiment and positioning that look increasingly offside in a market that has shifted from official intervention support and evolved to fundamentally-driven BoJ-led gains.”  “Data releases have been limited and the calendar remains relatively empty into the end of the week, offering little in terms of event risk ahead of the BoJ decision on September 18th—where a 25bpt rate hike is fully priced.”  “For USD/JPY, recent price action leans toward support around 153 as we note the absence of any additional support ahead of the 2026 low near 152.”  “In terms of resistance we now expect it at

09-10انڈسٹری

How Tether’s $45 million crackdown drove Southeast Asian scam compounds into an ‘unfreezable’ decentralized stablecoin

Tether is pursuing Xinbi Guarantee across its USDT payment network, freezing operational wallets as the sanctioned marketplace tries to keep transacting.  Related Asset Tether USDT · Stablecoin  Blockchain analytics firm Bitrace said on Sept. 9 that more than $45 million in USDT had been frozen across at least 22 operational addresses linked to Xinbi, including wallets used to receive, route, and withdraw funds.  Xinbis Tether USDT Impacted Addresses (Source: Bitrace)  The action targets a network already under government scrutiny. The UK sanctioned Xinbi Guarantee in March, identifying it as a major Chinese-language crypto marketplace and money-laundering hub serving Southeast Asian scam compounds.  Tether targeted Xinbis USDT infrastructure  The $45 million freeze reached beyond wallets simply holding Xinbi-linked funds.  Bitrace said the targets included recently used deposit, intermediary, and withdrawal addresses, outgoing hot wallets operated by Xinbi payment service Xpay, and wallets belonging to third parties with close financial ties to the marketplace.  That breadth suggests the action aimed to disrupt Xinbis ability to move money, rather than only immobilizing assets already sitting in known addresses.  Bitrace contrasted the operation with a 2024 action against Huione Group, when about $29.6 million was frozen in a single address while other operational wallets remained usable. In Xinbis case, restrictions spread across the

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