
Decrypt
World, co-founded by OpenAI CEO Sam Altman, introduced a new World ID app for managing proof-of-human verification. The company also launched Concert Kit for artists to reserve tickets for verified humans, aiming to combat ticket scalping.
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DL News
Wrench attacks, involving young thugs executing violent home invasions to steal crypto, are orchestrated by crime bosses, often operating from abroad. These criminal organizations, linked to drug trafficking, recruit disposable foot soldiers through social media, paying them a few thousand euros for their services.

Decrypt
BIP-361 aims to freeze Bitcoin coins not moved to quantum-resistant addresses, potentially saving 34% of supply. Cardano's Charles Hoskinson doubts the recovery of 1.7 million vulnerable coins, including Satoshi Nakamoto's stash.

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The Ethereum Foundation's ETH Rangers Program identified and exposed around 100 IT workers linked to North Korea over six months, recovering over $5.8 million and detecting 785+ vulnerabilities. The program collaborated with blockchain security groups to address the security threats facing the Ethereum ecosystem.

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Grinex, a Russian crypto exchange linked to Garantex, reported a hack of over $13 million by "Western special services." The exchange, known for trading ruble-backed stablecoin A7A5, has paused activity and reported the incident to law enforcement.

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Stack BTC has appointed David Galan as its new CEO to lead the company's strategy shift towards acquiring cash-generative businesses to accumulate Bitcoin. The leadership change follows investments from political figures like Nigel Farage and Kwasi Kwarteng, with Farage backing the company's Bitcoin treasury approach.

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Charles Schwab, with $11.8 trillion in client assets, is considering prediction markets but is cautious due to clients' lack of interest and concerns about gambling. Despite the rise of prediction markets in the financial sector, Schwab is not rushing to offer such products.

bitcoinmagazine.com
Tennessee lawmakers are considering a bill to establish a state Bitcoin reserve, allowing the State Treasurer to invest a limited share of select state funds in BTC. The proposal aims to combat inflation and improve long-term returns through responsible financial management.

DL News
Morgan Stanley's new Bitcoin ETF attracted $100 million within its first six days of trading, making it the first Wall Street bank to offer an in-house Bitcoin product. This move, along with Goldman Sachs and Charles Schwab entering the crypto market, signals a shift in the industry.

Decrypt
Drift Protocol is receiving financial support from Tether and other partners to aid in recovery efforts following a $285 million exploit. The collaboration includes a revenue-linked credit facility and a recovery pool for affected users.

DL News
Brazilian media personalities MC Poze do Rodo and MC Ryan SP were arrested for their alleged involvement in a $300 million money-laundering ring. Police seized luxury items like aircraft and boats, suspecting crypto was used to conceal illicit funds.