AI scammers no longer need to hack your wallet if they can convince you to use it for them

Reported losses from deepfake scams in 2026 have already exceeded last years total by 263%, according to TRM Labs, highlighting a growing crypto security problem in which attackers increasingly manipulate authorized users rather than break blockchain code.  Related Company TRM Labs Digital asset compliance scammer-side AI report share is roughly 13 times its 2022 levelFBI IC3U.S. complaints and adjusted reported losses181,565 cryptocurrency-descriptor complaints carried $11.37 billion in losses; 22,364 AI-related-descriptor complaints carried $893.35 millionChainalysisGlobal flows attributed to identified on-chain scam addressesAt least $14 billion reached identified addresses, with a projection above $17 billion as attribution expanded  Taken together, these datasets show why AI is increasingly useful to scammers: it can make impersonation cheaper, more convincing, and easier to operate at scale.  A single attacker can maintain conversations with victims in multiple languages. Synthetic video can strengthen a false identity during remote verification. Voice cloning can imitate an executive or family member. AI-generated documents, profiles and communications can make a fraudulent request appear consistent across several channels.  The breach increasingly happens before the signature  The problem becomes more consequential in crypto because transactions are difficult to reverse once authorized.  TRMs separate review of first-half crypto hacks showed that smart-contract vulnerabilities remained common, but the largest losses were

08-25انڈسٹری

BitMine Is About to Own 5% of Ethereum, Tom Lee Reveals What Comes Next

BitMine Immersion Technologies owns 5,847,611 ether. That is 4.79% of every ether in existence, and a tighter grip on Ethereum than Michael Saylor has ever held on Bitcoin.  Chairman Tom Lee told the Bankless podcast the company could reach its 5% goal before the end of 2026. The math is harder than it looks.  Sponsored  Sponsored  BitMine Built Its Ethereum Stack in 14 Months  Saylors firm, MicroStrategy, took six years to gather 840,447 Bitcoin. That comes to 4.19% of the coins in circulation.  BitMine passed that share of ether in 14 months. It made its first purchase on June 30, 2025, and has bought every week since. Sixty weeks, no gaps.  Ethereum Treasury Holdings. Source: Coingecko  Lee credits a plain balance sheet. BitMine paid for the stack with common stock, not loans or convertible notes. Several rival treasuries leaned on those tools and did not survive the downturn.  Ether traded near $2,480 on Monday, up 1% on the day. It rose about 30% last week, its best week since May 2025. BitMine used the rally for its largest weekly ETH purchase since early July.  “Its about $350 million worth of ETH that we need to acquire to reach 5%… we could reach it by the end of the year,” Tom

08-25انڈسٹری

A $30 Billion AI Fund Implodes, Now the SEC Is Investigating Wall Streets Role

The Securities and Exchange Commission (SEC) has sent subpoenas to major Wall Street banks over their dealings with Situational Awareness, the artificial intelligence (AI) hedge fund that nearly collapsed last month.  Three people briefed on the outreach described the requests to the New York Times. Regulators want trade timing data and lender communications. The fund has not been accused of wrongdoing.  Sponsored  Sponsored  SEC Investigation Targets the Leverage Paper Trail  The subpoenas went to banks that cleared the funds trades and financed its positions. Bank of America, Citi, Goldman Sachs, and JPMorgan Chase ranked among its largest counterparties, according to a regulatory filing.  Investigators asked for the timing of specific trades. They also requested messages the banks exchanged with the fund about borrowed money, and told them to preserve every record tied to the San Francisco firm.  All four banks declined to comment. So did the SEC. A Situational Awareness spokesman said scrutiny of this kind was predictable.  “It is to be expected that regulators would closely examine any funds that are high profile, produce significant returns or have particularly dramatic drawdowns,” Situational Awareness said in a statement.  The timing lands as bank executives flag hidden borrowing across markets. JPMorgan chief Jamie Dimon warned this month that margin debt

08-25انڈسٹری

Fidelity grants ETFs power to stake 100% of crypto while outlining exit delay risks

Fidelitys FETH and FSOL staking plans give its Ethereum and Solana exchange-traded products authority to stake up to 100% of their crypto under normal conditions, while pairing that ceiling with a layered plan for meeting redemptions when network exits take too long.  Related Asset Ethereum #2 ETH · $2,482.95 24-hour change: up 0.86% 24H Up 0.86% 7D Up 29.75% 30D Up 32.51%  The matching framework appears in Aug. 21 prospectuses for the Fidelity Ethereum Fund, or FETH, and Fidelity Solana Fund, or FSOL. Neither fund has a minimum staking requirement, and sponsor FD Funds Management can keep ether or SOL unstaked for foreseeable redemptions, expenses, asset protection and its liquidity program.  The 100% figure is an authority ceiling, not evidence that both funds are fully staked. FSOL reported 1,675,797 SOL staked out of 1,687,589 SOL held at June 30, with a fair value of $126.3 million. Its quarterly report put net assets at $127.079 million and its trailing 30-day staked percentage at 99.64%.  Related Company Fidelity Financial services company  FETH was at a different point. Its June 30 report listed 476,311 ether and $758.609 million in net assets without a staked-ether line. Fidelity amended the trust and custody arrangements in August, and the new prospectus

08-25انڈسٹری

Bernstein sees new USDC growth cycle, sets $140 Circle price target

Analysts at Bernstein are bullish on stablecoin issuer Circle, arguing that a new growth cycle for its USDC stablecoin could provide a significant boost for the company over the next 12 months.  In a research note published Monday, Bernstein said USDC (USDC) is showing signs of what it called “digital dollar reflation” after its supply increased by roughly $2 billion in seven days, reversing a six-month stretch of stagnant or declining growth. The firm maintained an Outperform rating on Circle (CRCL) and a $140 price target, implying roughly 60% upside from current levels. Circle shares have risen roughly 40% over the past month.  Bernstein said the next phase of stablecoin growth could be driven by several factors, including renewed momentum in crypto markets, greater regulatory clarity in the United States, tokenized capital markets and growing adoption of stablecoins for payments. The analysts also pointed to early signs of stablecoin use in payments made by artificial intelligence agents.  Although USDC remains the second-largest dollar-backed stablecoin by market capitalization, well behind Tether‘s USDt (USDT), it has gained significant ground in transaction activity. Bernstein said USDC’s share of adjusted stablecoin transaction volume rose from roughly 40% in 2025 to more than 60% so far in 2026,

08-25انڈسٹری

Hugging Face Explores $13 Billion Sale a Month After a Rogue OpenAI Agent Hacked It

In briefHugging Face is working with a bank to gauge buyer interest in a sale that could value the AI developer platform at $13 billion or more.No deal has been reached and no buyer has been named.A $13 billion price tag would nearly triple Hugging Faces $4.5 billion 2023 valuation.  Hugging Face is exploring a sale that could value the company at $13 billion or more, Business Insider reported Sunday, citing people familiar with the matter. Per the reports, the company has retained a bank to gauge interest from potential buyers, but no deal has been reached, and it isnt clear who Hugging Face has been talking to.  A $13 billion price tag would nearly triple the $4.5 billion valuation Hugging Face set in its 2023 Series D—a late-stage funding round startups raise once theyve already proven demand. That round brought in $235 million and was led by Salesforce Ventures, with Google and Nvidia also putting money in.  Myriad: When will OpenAI release GPT-6? Click to make your prediction.  The company has turned down big checks before. Late last year it rejected a $500 million investment from Nvidia that would have valued it at $7 billion, worried a single investor would gain too much

08-25انڈسٹری

Ceffu Pulls $263 Million in Bitcoin and Ethereum off Binance in 30 Minutes

Key TakeawaysCeffu moved 136.54 million USDC onto Binance before withdrawing $263.8 million in BTC and ETH on Aug. 24.A similar episode was flagged in July where 3,000 BTC worth $192 million left Binance for Ceffu.Analysts are watching if Ceffus custody activity continues as bitcoin holds above $77,000.  A Familiar Custody Pattern Repeats  Onchain sleuths reported that Ceffu deposited 136.54 million USDC into Binance before pulling 1,524 BTC (worth $117.89 million) and 59,484 ETH (approx. $145.92 million) off the exchange within half an hour. Ceffu was rebranded from Binance Custody and now operates as Binances institutional custody partner, offering large investors segregated cold storage and settlement services.  This is not the first time Ceffu has moved large sums between the two platforms, as in July, 3,000 BTC (worth roughly $192 million) was moved from Binance to a Ceffu address across 12 separate transfers over 30 days.  Discover more  Digital Currencies  Exchange Traded Funds  exchange-traded funds  Ceffu‘s custody infrastructure is built on multi-party computation technology paired with a customizable multi-approval scheme, and the platform has expanded its institutional footprint this year through partnerships such as its role as the institutional custody partner in EOS Network’s advanced custody and CeDeFi offering.  Timing Coincides With Bitcoins Biggest Rally in Three Years  The withdrawal landed

08-25انڈسٹری

Zcash pulls back from eight year high after Grayscale files for ETF

Zcash has made a retreat from an eight-year high on Monday, as it has shed part of the rally that saw the privacy coin go up by over 55% in days after Grayscale moved to convert its Zcash Trust into a US spot exchange-traded fund.   Zcash (ZEC) rose to over $880 on August 23 before easing. The figures it hit in the past few days are the strongest level it has attained since 2018.  Before it started dropping, the gains it had made over the week were around 66%. However, it is currently trading around $814. The token has a market cap of over $13.7 billion and sits at number 11 on Coinmarketcaps list of tokens ranked by market value.  While the recent rally is still a far cry from the all-time high of $5,941.80 that the token hit in October 2016, trading is not as thin as it was then.  Discover more  Selecting Enterprise Cloud Computing Platforms  News  FINANCE  Roughly a year ago, ZEC was trading around $40, and it has come a long way since then, having risen by over 1,805%.  Why a privacy-coin ETF would break new ground  The move that lit the fuse was Grayscales amended registration statement with the Securities and Exchange Commission (SEC).  The

08-25انڈسٹری

Main Street Sports sues Comcast, Charter for underpaid licensing fees

A detailed view of a hand holding a Fanduel Sports Network branded microphone during an interview after the Detroit Pistons defeated the Boston Celtics at Little Caesars Arena on February 26, 2025 in Detroit, Michigan.  Nic Antaya | Getty Images  Main Street Sports, the now-defunct owner of a portfolio of regional sports networks, is suing cable companies Comcast and Charter Communications in separate lawsuits for what it alleges are underpaid licensing fees.  The company that began its winddown earlier this year is alleging that Comcast and Charter — the two largest pay TV providers in the U.S. — breached their contracts and underpaid Main Street in the earlier part of 2026 when its networks were still delivering NBA and NHL games to local markets across the country, according to the lawsuits, which were seen by CNBC.  The suits were filed in Delaware Superior Court on Monday. Representatives for Comcast and Charter didnt immediately respond to requests for comment.  Main Street, the entity that originated as Fox Sports networks, has been through a series of owners since 2019, as well as several name changes. The company emerged from bankruptcy protection in early 2025, when its channels took on the name of FanDuel Sports Network. It had

08-25انڈسٹری

Super League secures $2.3M through first ATM offering

Super League Enterprise has raised approximately $2.23 million through its first at-the-market stock offering since announcing a deal that would turn the Nasdaq-listed company into Metaplanets U.S. Bitcoin treasury platform.  According to an Aug. 21 prospectus amendment filed with the U.S. Securities and Exchange Commission, Super League sold 475,598 common shares for gross proceeds of approximately $2.23 million under an agreement signed three days earlier.  The filing did not disclose the average selling price for the shares or the net proceeds after commissions and other offering costs. Dividing the reported gross proceeds by the number of shares sold gives an average of roughly $4.69 per share, although the individual sales may have occurred at different prices.  With the first allocation completed, Super League amended the offering to make up to another $2.27 million of common stock available for sale. The added amount is new capacity rather than completed financing, leaving the company able to raise approximately $4.5 million in total if it sells the full second allocation.  Super League has expanded its ATM after selling 475,598 shares  Under the original Aug. 18 sales agreement, The Benchmark Company and StoneX Financial act as agents for the ATM program. Super League authorized sales of up to $2.229

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