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The rogue agent that escaped from OpenAI and went on a days-long hacking spree at the AI firm Hugging Face also compromised a customer at a second tech company โ New York-based Modal Labs โ according to a Modal executive and two other sources familiar with the matter. Modal executives emphasized that the company itself was โ not hacked.
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K2 launches on Stellar, bringing a lending and borrowing protocol designed around the same principle that drew regulated finance to the network in the first place: open infrastructure paired with the controls institutions require.
K2 is built to put that capital to work. As more regulated assets come onchain, the ecosystem needs a lending layer that can serve both open retail markets and permissioned institutional ones without compromising on either.
โ Pooled markets: shared liquidity across blue-chip assets for capital efficiency.
โ Isolated markets: risk-contained markets that let new or volatile assets list without exposing the rest of the protocol.
โ Gated markets (new): permissioned markets where only whitelisted participants can supply and borrow.
As the network grows, K2 intends to grow with it.
#Stellar
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Google will bring its Play Signal API to users worldwide by the end of 2026. The Play Age Signals API is a privacy-preserving tool that puts parents in the driver's seat allowing them to share their child's age range (e.g. 16-17) directly with apps. It also enables adults to easily share their age when prompted by the app developer.
The technology is already available in Brazil. The expansion will initially bring the API to Australia and Canada by mid-August, before rolling out globally to all markets by the end of the year.
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The financial industry is moving toward a world where markets never close, payments settle in real time and investors expect access to their money around the clock, according to Morgan Stanley executives, who say tokenization is accelerating a shift away from traditional banking hours.
"The move to tokenized assets is about far more than cryptocurrencies. Instead, the focus is on rebuilding financial infrastructure for an always-on economy," โ argued Betsy Graseck, Morgan Stanley's global head of banks and diversified finance research.
"I do phrase it as, look, this is the end of banker hours," โ Graseck said. "Your batch processing mentality is going to be a thing of the past."
The bank recently began expanding its digital asset offerings with crypto trading on E*TRADE and new Bitcoin, Ether and Solana ETFs.
"If you do not modernize your rails to enable yourself to participate as flows shift to digital asset rails, you're not positioning yourself for growth," โ she said.
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Ripple and Aviva Investors have launched the first tokenised fund on the XRP Ledger Wednesday, marking the first tokenized fund structure approved by the Central Bank of Ireland.
The tokenised share class launch was also supported by Komainu, a regulated institutional digital asset custodian, alongside Licuido, a digital platform company that helps Asset Management companies to tokenise real world assets.
โWeโre thrilled to be able to announce the launch of our first fund in the tokenisation space, with the addition of the new tokenised share class for our USD Liquidity Fund.
Innovation has always been central to Aviva Investorsโ heritage, and we believe that tokenisation is a significant development within the investment industry," โ said Mark Versey, CEO at Aviva Investors.๐
#Stellar
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โI think that itโs extremely unlikely if you look out five years from now, for example โ whatever period of time you want โ that you donโt have billions of people with a personal agent that understands your goals and that is just working on your behalf 24/7 to achieve your goals in whatever the domain is that you care about,โ โ Zuckerberg said on Wednesdayโs quarterly earnings call with investors.
Zuckerberg added that he could see people using these agents to help them with their finances, health, interpersonal relationships, and household management.
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President Donald Trump unveiled plans to revamp Dulles International Airport that would create an underground train and ditch the controversial โpeople movers,โ the bus-like mobile vehicles that transport passengers arriving from international destinations. The project is estimated to cost around $22 billion.
โWeโre gonna make this something special,โ โ Trump said at a White House event.
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OpenAI chief executive Sam Altman met Wednesday with senators to preview one of his companyโs newest AI models, as lawmakers grapple with a recent autonomous AI-led cyber breach. Asked when or if OpenAI planned to release the model being previewed to senators, Altman said:
โNot sure. Thatโs part of what weโre here to talk about. We talked about our new model and you know what itโs going to take for America to remain competitive with AI.โ
Altman declined to expand on what new capabilities the model may have.
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China has begun mass producing domestically developed immersion deep-ultraviolet (DUV) lithography machines, a technology crucial to advanced chipmaking. DUV is a key chipmaking tool long dominated by ASML.
Shanghai Aishengna Electronic Technology Group, a little-known โChinese state-owned company, is leading the production effort after incorporating teams from top Chinese lithography startups.
The development represents a win for Beijing's nationwide semiconductor self-sufficiency initiative, one of President Xi Jinping's highest priorities, but will not pose an immediate commercial threat for Dutch supplier ASML.
#BRICS
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South Korea, the largest fiat-to-crypto market in the world, is moving closer to a unified stablecoin framework. The FSC said it is preparing a government backed Digital Asset Basic Act that would bring 10 separate crypto and stablecoin bills under one framework.
The FSC said it wants to build a digital asset ecosystem where โinnovation and stability are in balance.โ
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AI heavyweight Anthropic said earlier this week that its Claude Mythos Preview model had discovered an attack that halves the effective key strength of HAWK, a proposed replacement for the digital signatures that protect online banking and web payments.
Digital signature schemes such as HAWK prove that a message or data set came from whoever holds a particular digital key that points to that exact message. Bitcoin uses one every time a coin moves, and so does every website showing a padlock in the browser.
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A fake Flare Network staking site robbed 71 investors of 3.4 million XRP worth roughly $8.5 million last year, Seoul police said. Two men were detained on aggravated fraud charges and a third alleged scammer is on the loose, according to South Korean news outlet Chosun.
The Cyber Crime Investigation Unit at the Seoul Metropolitan Police said the scammers ran the fake investment site from Oct. 16 to Oct. 23 and tricked victims into believing that if they deposited โRipple, you will receive a return of 1.5% to 1.8% every month,โ Chosun said.
Police officials investigating the case said the alleged scammers created the fraudulent website using the name of a genuine blockchain project. They then disseminated false advertising through Naver blogs, online news articles, Wikipedia and YouTube.
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Some of the world's biggest banks have completed real cross-border payments using tokenized money in a test led by the Bank for International Settlements (BIS), another sign that tokenization is moving into the plumbing of global finance.
The pilot used tokenized central bank reserves and commercial bank deposits to settle corporate, interbank payments perand foreign exchange settlements. The payments settled in an average of about 80 seconds, even though the prototype was not directly integrated with banks' existing payment infrastructure, the BIS report said.
The project fits into a broader shift as stablecoins and tokenized assets gain traction across global finance.
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Scammers are impersonating the IRS to drain crypto accounts and steal identities, using official-looking letters to bypass digital defenses, the agencyโs criminal investigation unit warned. Letters may direct taxpayers to register for a fake "Digital Asset Compliance Portal," the IRS said, adding that no such portal exists.
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