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Prediction market Novig sues Wisconsin AG in latest spat over sports contracts

Quick TakeSports-focused prediction market Novig filed a federal lawsuit against Wisconsin Attorney General Josh Kaul and gaming administrator John Dillett in anticipation of being forced by the state to stop offering event contracts on sports.The firm began offering contracts to Wisconsin residents just one week before filing the suit and is seeking expedited consideration of a preliminary injunction.Novig, which recently announced a partnership with the New York Mets, has sued officials in five states including Wisconsin since Aug. 4.　　Sports-focused prediction market platform Novig sued Wisconsin Attorney General Josh Kaul and state gaming administrator John Dillett on Friday in anticipation of the state suing it, as it had sued other prediction markets over similar offerings in April.　　Ludlow Exchange LLC, the Novig subsidiary that operates its exchange, filed the 45-page complaint in the U.S. District Court for the Western District of Wisconsin. Novig began offering event contracts to Wisconsin customers the previous week, according to the filing.　　Novig argues that enforcement is likely imminent because of Wisconsins prior lawsuits against the other prediction market platforms. Unlike Kalshi and Polymarket, however, Novig offers exclusively sports-related contracts, rejecting event contracts on international news or “mention markets.”　　Novig also requires users to be at least 21 years

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Crypto Weekly: LINK and WLFI Post Double-Digit Gains Amid Market Drop

During the past week, bitcoin tumbled from over $65,000 to close just above $63,200, an approximately 3.2% weekly loss and briefly hit a low below $62,500 on Aug. 14. 　　Key TakeawaysStrategy offloaded 1,690 bitcoins causing BTC to slide below $63,000.Altcoins extended losses as ADA plunged 10.6% and XRP dipped below $1, risking a drop toward $0.95.LINK surged 13% after Standard Chartered forecasted the token would reach $200 by late 2030.　　Bitcoin Leads Mid-August Market Pullback　　After finishing the first week of August with modest gains, the cryptocurrency market ended the second week in the red. Bitcoin, which had posted gains exceeding 3%, led the market lower after it tumbled from over $65,000, closing just above $63,200. It could have been worse after the cryptocurrency fell below $62,500 on Aug. 14, but a quick rebound kept bitcoins weekly losses capped below 3.2%.　　During the week, the latest inflation report and a lull in hostilities in the Middle East did help boost global markets. However, in bitcoin‘s case, Strategy’s announcement at the start of the week that it had offloaded 1,690 bitcoins the previous week weighed on the asset. While Strategy attempted to assuage the market with a promise to resume buying, this ultimately failed

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Wallet provider SafePal says data breach exposed personal info of nearly 40,000 customers

Quick TakeCrypto wallet provider SafePal said a flaw in an order-tracking plugin exposed names, contact information, shipping addresses and purchase details belonging to approximately 39,798 customers.SafePal said private keys and seed phrases were unaffected, and theres no evidence that user funds were directly affected.SafePal said it identified the root cause of the breach only recently, though customers had posted publicly online about being targeted by phishing attempts as early as July.　　Crypto wallet provider SafePal said in an X post on Sunday that an authorization flaw in its order-tracking system allowed unauthorized access to the personal data belonging to approximately 39,798 customers.　　The exposed information includes customer names, email addresses, shipping addresses, phone numbers, and purchase details, according to SafePals incident report. The information in question belongs to customers who placed orders with SafePal between Mar. 2, 2025, and Apr. 11, 2026.　　“This incident did not involve your seed phrase, private keys, wallet password, or other wallet credentials, bank account information, payment card numbers, or government-issued identification numbers,” SafePal wrote. “No evidence has been found that the incident itself compromised access to SafePal wallets or funds.”　　The company warned that attackers might target affected users with phishing and impersonation attempts, posing as SafePal employees

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Crypto investors are looking past market-cap rankings and back to fundamentals

Perpetual-futures volumes still run at a multiple of spot across most major tokens, while funding, positioning and liquidations set the tone intraday, he said　　Over the past 12 to 18 months, however, attention has moved from infrastructure toward applications and appchains that fit more familiar fintech and venture-capital frameworks, De Maere said.　　Fundamentals are starting to carry more weight in areas including decentralized finance, perpetual-futures exchanges and decentralized physical infrastructure networks.　　“Fundamentals set the floor and the shortlist, while flows set the price,” De Maere said. Revenue and usage can determine which tokens survive drawdowns or make it onto allocator shortlists, but they rarely determine the price on a given day, he added.　　Wintermutes flow data suggests the clearest change is in who is trading. Rather than a wholesale migration from spot to derivatives, institutional counterparties accounted for roughly 72% of its spot over-the-counter flow in the first half of 2026, up from around 59% a year earlier, De Maere revealed.　　Those flows have concentrated in major cryptocurrencies and a shortlist of revenue-generating tokens, with tokenized real-world assets emerging as the main new category, he said.　　“Part of the outperformance of revenue-generating tokens reflects fundamentals being rewarded, and part reflects the fact that fundamentals are the

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SafePal data breach exposes details of nearly 40,000 users

SafePal disclosed on Aug. 16 that an authorization flaw in an order-tracking plugin exposed customer order information belonging to approximately 39,798 people.　　The affected records covered orders placed between March 2, 2025, and April 11, 2026, and included names, email addresses, shipping addresses, phone numbers and purchase details. SafePal said it emailed affected customers individually on Sunday and launched a tool allowing buyers to check orders using their order number and shipping country.　　The wallet provider said seed phrases, private keys, wallet passwords, payment card numbers, bank account information and government-issued identification numbers were not exposed. SafePal also said it found no evidence that the incident itself compromised wallet access or customer funds.　　SafePal traced the exposure to an order-tracking flaw　　SafePal said the issue involved an authorization defect in a plugin used to track orders. Under certain conditions, the flaw allowed unauthorized access to another customers order information. The company said it fixed the vulnerability and introduced additional access controls after identifying it.　　Dear community,　　While your SafePal wallet, seed phrase, and private keys are secure; we identified a flaw in the order-tracking plug-in that led to unauthorized access to information of a subset of customers.　　The issue has been fixed with additional security measures…　　— SafePal

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Hackers exploited macOS Screen Sharing flaw to install Monero miners, Dutch cyber agency says

Quick TakeAttackers took advantage of a vulnerability in Apple‘s screen sharing feature to install Monero miners on multiple Macs reachable from the internet, according to a report from the Netherlands’ National Cyber Security Centre.Apple released an Aug. 6 update fixing the flaw, but Macs that havent yet updated are still vulnerable.Security firm Huntress said tens of thousands of Macs were potentially exposed, many of them machines rented by the hour from hosting companies.U.S. officials rated the severity of the vulnerability a critical 9.8/10 on the CVSS scale.　　Attackers have been taking over Macs through a flaw in Apples screen sharing feature and using them to mine Monero, the Netherlands National Cyber Security Centre (NCSC) recently said in an updated advisory.　　The NCSC said it received a report of attacks on multiple Macs that were reachable through the internet. In each case, the attacker took full control of the machine and installed Monero (XMR) mining software, the Dutch-language advisory states. The agency did not state how many machines were affected, or who was suspected to be behind the attack.　　Apple patched the flaw on Aug. 6 in macOS Tahoe 26.6.1, Sequoia 15.7.9 and Sonoma 14.8.9. The company said an attacker on the network could

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Israel crypto broker Bits of Gold probes customer data breach

Bits of Gold, Israels regulated crypto broker, is investigating a cyber incident that may have exposed customer identity and financial information after unauthorized access to a third-party system used for support and data analysis.　　The company notified customers on Aug. 16 and said it had blocked the access, disconnected the affected system from its information sources and informed relevant authorities, Calcalist reported.　　The company said its review indicates “there may have been access to certain personal information,” including names, ID numbers, emails, phone numbers, IP addresses, bank account details and public crypto wallet addresses. It said digital assets, account passwords, scanned ID documents, full credit card details and CVV codes were unaffected. Bits of Gold also said “there is no indication” so far that the potentially exposed information has been used.　　Bits of Gold links breach to a broader third-party incident　　Bits of Gold said the incident formed part of a broader cyber event involving a software company it uses and other businesses worldwide. Calcalist reported that hundreds of companies may have been affected and that Bits of Gold was not believed to have been directly targeted. The software provider has not been publicly identified in the disclosures reviewed.　　Reports circulating Sunday put the potentially

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Crypto wallet SafePal reveals a data breach exposing nearly 40,000 customers' order info

SummarySafePal disclosed a security breach that exposed the names, physical addresses and contact details of 39,798 customers who placed orders between March 2, 2025, and April 11, 2026.The company said no cryptocurrency funds, seed phrases, private keys, bank details or government IDs were compromised, but warned that exposed users face heightened phishing and impersonation risks.SafePal has taken several steps to address the situation.　　Crypto hardware wallet provider SafePal has disclosed a security incident that exposed the personal information of thousands of customers.　　The exposed data included names, physical addresses, and contact details, putting affected users at risk of phishing and impersonation attempts. However, the breach did not compromise any cryptocurrency funds, passwords, or private wallet keys.　　SafePal is a cryptocurrency security company that provides physical hardware wallets and software applications designed to help investors safely store and manage their digital assets.　　The latest exploit follows a recent hack of Coldcard hardware wallets, in which the attacker reportedly stole at least $120 million in bitcoin. While the incidents do not necessarily point to a systemic weakness in hardware wallets, they show that no crypto-storage solution is entirely risk-free. They also validate calls to assess concentration risk and, where appropriate, to diversify both crypto holdings and

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Bitcoin exchange reserves rise – Is BTCs $62K support in danger？

Bitcoin [$BTC] was flowing into exchanges even as the leading cryptos price threatened to fall below $62k. Major platforms such as Binance, Kraken, and Bitstamp have seen sizeable coin inflows.　　Source: CryptoQuant　　The Binance reserve rose from 662k to 671.6k $BTC, a 1.45% increase in a week. Kraken saw a 3.48% weekly increase in exchange reserves, to 154.5k $BTC. Bitstamp reserves spiked by 41.67%, or 3.5k $BTC, on Friday, the 14th of August, according to crypto analyst BorisD.　　There was evidence of whale accumulation, as part of a late bear market. At the same time, rising reserves show increased selling potential. A weak recovery attempt would be smothered by this increased supply and would sustain the selling pressure.　　Bitcoin whales reduce long exposure while retail remains long　　Source: Alphractal　　The Bitcoin Whale vs. Retail Delta tracks the gap between leveraged positions held by large traders, compared to the smaller ones. Negative values mean whale positions are reducing long exposure, while retail remains long.　　It fell from -0.17 on the 8th of August to -0.68 at the time of writing, the lowest reading in 61 days, according to Alphractal data.　　Smart money opting to stay away from long exposure as Bitcoin faces rejection from the $65k supply zone was

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B3 Labs launches B3IQ to let users earn from idle Nvidia GPU servers

B3 Labs, a startup founded by former Coinbase employees, has introduced B3IQ, an AI infrastructure platform designed to help users monetize idle GPU server capacity. The platform allows individuals and businesses to purchase dedicated Nvidia GPU servers through installment payments, with the hardware hosted and operated in B3 Labs data centers. Once operational, users can earn revenue by making their unused computing resources available to external parties, such as research institutions and AI developers.　　How B3IQ works and who benefits　　B3IQ targets a growing need for affordable AI computing power. Instead of paying high upfront costs for expensive hardware, users can spread payments over time, lowering the barrier to entry for participating in the AI infrastructure economy. B3 Labs manages the technical aspects, including maintenance and uptime, making it a passive income opportunity for owners.　　The platform is already in use by research teams at prominent universities, including Stanford, New York University, and Dartmouth. These teams are leveraging the GPU resources for cancer research and training specialized AI models, demonstrating the platforms real-world impact beyond commercial applications.　　Funding and growth trajectory　　B3 Labs was founded in 2024 by alumni of Coinbase, a major cryptocurrency exchange, and has raised over $21 million in funding. Notable investors

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