
Polymarket Staged $1.9M in Fake Bets. Now Senators Want a CFTC Probe
A WSJ investigation found Polymarket paid creators to stage fake bets on replica sites. Bipartisan senators Curtis and Schiff are now demanding a CFTC investigation.

A WSJ investigation found Polymarket paid creators to stage fake bets on replica sites. Bipartisan senators Curtis and Schiff are now demanding a CFTC investigation.

From April to June 2026, Alibaba used 25,000 fake accounts to run 28.8 million exchanges against Claude — harvesting its reasoning to train Qwen. Anthropic calls it the largest distillation attack ever filed.

Hackers compromised a third-party vendor to inject malicious code into Polymarket's frontend, draining roughly $3M in PUSD from user wallets. The platform's second security breach in a month.

The Trump administration asked OpenAI to limit GPT 5.6 access to government-approved partners, citing cybersecurity risks comparable to Anthropic's Mythos model.

In Operation Endgame's latest phase, Europol and Microsoft joined forces with agencies from six countries to seize 27 million stolen credentials, shut down 326 servers, and freeze EUR 41 million in crypto.

Japan's biggest financial conglomerate agreed to fully acquire crypto exchange Bitbank for $289M, its second crypto deal in two months as Japan's market consolidates.

TRM Labs traced $3.84 billion in Iran-linked flows through CoinEx since 2019 — money from the Central Bank of Iran, the IRGC, and wallets tied to North Korea's Bybit hack.

Maker of the Digit humanoid robot goes public via a $2.5B SPAC with Churchill Capital XI, raising $600M+. Amazon, Nvidia, and Foxconn back a company with $300M in signed orders already in hand.

The world's largest exchange pulled its MiCA application in Greece and is now looking at France. With seven days until the EU's July 1 deadline, Binance has no licensed EU base yet.

OpenAI and Broadcom unveiled Jalapeño, an inference accelerator costing half as much to run as typical AI GPUs, developed in a record nine months using OpenAI's own models.

The DOJ seized Huione Group's cloud infrastructure — a $31 billion criminal marketplace 25 times larger than Silk Road and AlphaBay combined, built on Telegram and serving fraudsters worldwide.

Senate Democrats demanded public hearings after UAE-linked investors bought a 49% stake in Trump's World Liberty Financial for $500M — signed four days before his inauguration.

After Kentucky sued Kalshi and Polymarket, the CFTC filed its own suit against the state. Ninth in the federal prediction market war — and first with a Republican attorney general.

The Ethereum Foundation laid off 54 employees — 20% of its staff — and restructured into five clusters. Vitalik Buterin proposed cutting annual spending from 15% to 5% of reserves.

Cardano launched the Leios "Musashi Dojo" testnet on June 23 — the first live trial of a scaling protocol years in the making. The network targets 44x higher throughput, with a mainnet fork planned for November 2026.

BitMine and SharpLink — the largest public ether holders — together with Ethereum co-founder Joe Lubin have funded Ethlabs, a new non-profit research lab meant to prepare the network for institutional scale.

Japan's National Business Corporate Pension Fund, covering 1,200 companies and managing $136M, will put 1% into crypto via a hedge fund basket — its first-ever digital asset exposure after six years of analysis.

Morgan Stanley filed spot ETH and SOL ETFs at a 0.14% fee, undercutting Grayscale and Franklin Templeton. The crypto ETF fee war has reached altcoin funds.

The most notorious sandwich bot on Ethereum lost $7.5M after an attacker spent weeks planting 66 fake token contracts that tricked it into signing its funds away.

OpenRouter launched Fusion — a compound AI that fires prompts at Gemini, DeepSeek, and Kimi in parallel. On benchmarks, it nearly matches the banned Fable 5 at half the price.