Topic: #regulatory
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TikTok Explores P2P Money Transfers via Direct Messages
TikTok is exploring a direct-message feature that would let users send money to each other using TikTok Pay, according to hidden code in the US iPhone app. The company said the feature isn't being tested anywhere yet.
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Chainalysis sues ICE over $94.6M blockchain forensics contract to TRM Labs
Chainalysis filed a bid protest in federal court challenging ICE's $94.6 million sole-source contract award to rival TRM Labs for blockchain forensic tools, arguing the agency's decision was arbitrary and unreasonable.
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Chainalysis sues DHS over sole-source TRM Labs contract
Blockchain analytics firm Chainalysis filed suit in the US Court of Federal Claims, alleging the Department of Homeland Security and ICE bypassed competitive bidding to award a sole-source contract to rival TRM Labs. The lawsuit could reshape federal procurement standards for blockchain analytics tools.
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EU Regulators Warn of Crypto Impersonation Scams Amid MiCA Rollout
European regulators are cautioning cryptocurrency users about a spike in impersonation scams targeting investors displaced by the EU's MiCA framework, which requires all crypto firms to obtain licenses or exit the market by a set deadline.
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UK tribunal certifies £5bn class action against Google over search abuse
The UK Competition Appeal Tribunal certified a class action lawsuit against Google on behalf of approximately 880,000 British businesses, alleging the tech giant abused dominant positions in search, mobile operating systems, and advertising to overcharge for search services.
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ELIZAOS token crashes 97%, founder declares project dead
Shaw Walters, founder of Eliza Labs, declared the ELIZAOS token finished and its foundation closing after a class action lawsuit. The token has crashed 97% from its peak, trading near $0.00031 with a $2.3 million market cap.
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Frank Giustra Criticizes Michael Saylor Over Strategy's $102.3M Bitcoin Sale
Canadian billionaire Frank Giustra criticized Michael Saylor after Strategy sold 1,637 BTC, arguing the executive has done more harm than good for Bitcoin. The company remains the largest corporate holder with 842,138 BTC valued at $52.65 billion.
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Trump's Gaza peace deal revives stablecoin infrastructure debate
Trump's July 31 disarmament agreement with Hamas includes discussions of a dollar-pegged stablecoin for Gaza reconstruction, raising regulatory questions about US oversight of crypto deployed in geopolitical contexts.
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BitMEX shuts down after 11 years as regulatory pressure reshapes crypto derivatives
BitMEX, the pioneering crypto derivatives exchange, will cease operations permanently on September 23, 2026, after 11 years of trading. HDR Global Trading Limited announced the closure on July 23, citing strategic reasons amid regulatory pressures and competition.
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Stablecoin market cap falls to six-month low as capital shifts to yield alternatives
The stablecoin market has contracted roughly $10 billion over the past 10 weeks to a six-month low, marking the sector's first sustained decline in four years. Capital is migrating to tokenized Treasury products and yield-bearing on-chain instruments as regulatory changes limit stablecoin issuers' ability to compete.
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xAI sues Minnesota to block nation's first AI nudification law
Elon Musk's xAI filed a federal lawsuit against Minnesota Attorney General Keith Ellison to block HF 1606, arguing the law's definition of intimate parts is so broad it would criminalize shirtless photos and swimwear images. The law takes effect Saturday.
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Australia Sues Telegram for $38M Over Extremist Content Failures
Australia's eSafety Commissioner filed civil proceedings against Telegram seeking A$54.6 million in penalties, alleging the platform failed to remove pro-terror material including footage from the Christchurch and Buffalo attacks.
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Merkle Science brings confidential transfers to Sui with regulatory compliance
Merkle Science is deploying confidential transfers on Sui that keep account balances private while giving compliance teams structured access, attempting to resolve the long-standing tension between blockchain privacy and regulatory oversight.
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Robinhood developing zero-knowledge privacy protocol for anonymous swaps
Robinhood is reportedly building a zero-knowledge privacy protocol that would enable anonymous deposits, swaps, and withdrawals, marking a potential shift toward privacy-first trading on a major centralized exchange.
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DRW CEO: Regulators Misunderstand Perpetual Futures as Gambling
Don Wilson, CEO of trading firm DRW, argues that perpetual futures are straightforward contracts without expiration dates, and regulators should evaluate them on economic substance rather than legal labels. His comments reflect growing interest in bringing regulated perps to traditional U.S. markets.
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OpenAI and Anthropic urge US to enhance frontier AI model review
OpenAI and Anthropic called on the US government to establish a national evaluation framework for advanced AI models, citing concerns over Chinese open-weight systems and recursive self-improvement risks.
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EU AI Act mandates deepfake labeling from August 2, 2026
The EU's AI Act requires synthetic media labeling starting August 2, 2026, with fines up to €15 million for non-compliance. Blockchain-based systems are being positioned as technical infrastructure to verify content authenticity and metadata claims.
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Apple kept fake Sparrow Wallet app on App Store after $875K theft report
A federal lawsuit filed in July alleges Apple failed to remove a fraudulent bitcoin wallet app from its App Store despite a customer reporting an $875,000 theft, resulting in a second user losing roughly $840,000.
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SEC warns crypto yield vaults face securities scrutiny over human control
SEC Commissioner Hester Peirce warned that crypto vaults face securities-law scrutiny when people control how assets earn yield, placing protocols like Morpho in a regulatory gray zone based on their governance structure.
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Bitcoin ETFs Post Third Week of Inflows as Flows Slow to $33.8M
Bitcoin ETFs recorded their third consecutive week of net inflows despite a $465 million weekend outflow, closing the week with $33.8 million in net inflows. Weekly inflows have declined sharply from $197.4 million two weeks ago, raising questions about momentum sustainability.
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OpenAI establishes Dublin as EU headquarters, plans 400-person EMEA hub
OpenAI designated Dublin its official European Union headquarters and committed to hiring up to 400 employees over three years as part of an aggressive continental expansion, supported by roughly €105 million in Irish investment.
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AI Chatbots Amplifying Russian Propaganda, NewsGuard Audit Finds
A March 2025 audit by NewsGuard revealed that leading AI chatbots repeated false narratives from the Pravda network about 33% of the time, with seven models directly citing Pravda-affiliated sites. The discovery has prompted European officials to flag risks ahead of upcoming elections.
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AI Companies Spent $41M on Lobbying in H1 2026
Eleven leading AI firms deployed $41 million on Washington lobbying in H1 2026, an 8% increase from the prior year. The spending surge reflects industry efforts to shape federal AI regulation and block state-level rules.
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BlackRock, Goldman Sachs, Fidelity back Clarity Act with $30 trillion firepower
A coalition of five major financial firms managing over $30 trillion in combined assets endorsed the Digital Asset Market Clarity Act, designed to draw jurisdictional lines between the SEC and CFTC over digital assets.