A male law student at the University of Hong Kong created over 700 fake pornographic AI images of women he knew, using their social media photos without consent. The university only gave him a warning, leading to public anger and calls for stronger action and legal reform.
AnaisAn AI-generated band called Velvet Sundown tricked millions of Spotify users into thinking it was a real folk-rock group. The creators later admitted it was an art project using AI tools, sparking debate over music transparency and platform rules.
WeatherlyCoinbase’s stock hit a record high as Bitcoin surged, pushing its market value above $100 billion. The jump was driven by growing investor confidence, political support for crypto, and strong earnings from stablecoin services.
AnaisStandard Chartered has started offering bitcoin and ether spot trading directly to institutional clients through its UK branch. This makes it the first major global bank to provide regulated crypto trading using existing foreign exchange systems.
WeatherlyU.S. regulators have closed their investigations into Polymarket without filing any charges, despite earlier concerns over unregistered trading during the 2024 election. This marks a major turnaround after an FBI raid and a previous fine, raising questions about changing enforcement under the current administration.
AnaisChina SanSan Media plans to apply for a stablecoin licence in Hong Kong ahead of new rules starting on 1 August. The company aims to use stablecoins to improve retail payments and reduce costs.
WeatherlyVitalik Buterin urged developers to simplify Ethereum Layer 2 networks by using Ethereum’s base layer for security and consensus. He said projects should stop rebuilding features Ethereum already provides and focus only on processing and verifying transactions.
WeatherlyKing, the maker of Candy Crush, laid off around 200 staff after using AI tools—built by its own teams—to replace roles in design, writing, and research. Many employees were shocked as the tools they developed ended up taking over their jobs.
AnaisGameStop has bought over $500 million worth of Bitcoin as a hedge against inflation and may allow crypto payments for trading cards. The company says it will take a careful approach to crypto, using its strong finances to explore new opportunities without rushing in.
AnaisCoinbase launched the Base App, turning its wallet into an all-in-one platform for crypto, payments, chat, and social features. It connects to the Base blockchain and aims to attract everyday users, not just traders.
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