Key TakeawaysProsecutors allege Rossen Iossifov helped remove approximately $290,000 in cryptocurrency forfeited to the federal government.Authorities say multiple exchanges, mixing services, and a foreign bank obscured control of the seized assets.Further proceedings will determine whether prosecutors can prove the new property-removal and money-laundering charges beyond reasonable doubt. Federal Indictment Targets Alleged Transfer of Seized Cryptocurrency Federal prosecutors charged a man already serving a 111-month prison sentence with helping remove approximately $290,000 in cryptocurrency from an account forfeited to the U.S. government. Rossen G. Iossifov, 53, appeared July 8 in the Eastern District of Kentucky on property-removal, aiding-and-abetting, and money-laundering conspiracy…
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Meta has axed a controversial feature that allowed users to modify photos from public Instagram accounts using AI. The feature, which was rolled out earlier this week along with a batch of other AI tools, “missed the mark” and is no longer available, according to the company. Earlier this week, Meta announced Muse Image, a new AI image generator built by Meta Superintelligence Labs, its dedicated AI unit. Meta promoted one feature that allowed individuals to generate images by @-mentioning public Instagram accounts that they wanted to reference. The feature, which wasn’t designed to alert a user if their photos…
Jul 10, 2026 20:29 AI contract review software flags risks, drafts redlines, and saves legal teams hours while improving accuracy. See what features to prioritize. AI-powered contract review software is gaining traction as a must-have tool for in-house legal teams drowning in high-volume contract workflows. These tools promise to flag risks, draft redlines, and extract obligations at unprecedented speed, allowing legal departments to focus on complex, high-stakes agreements while clearing routine work efficiently. With the market for legal AI tools evolving rapidly, understanding how to evaluate and integrate these systems is critical for maximizing value.Tackling the Volume ProblemIn-house legal teams…
ROAD TOWN, British Virgin Islands, July 11, 2026 /PRNewswire/ — AFX, a high-performance sovereign L1 purpose-built for decentralized derivatives, today announced a landmark operational milestone: surpassing $1.1 billion in cumulative trading volume during its initial period of operation. This rapid ascent is supported by over 8.6 million total trades, positioning AFX as one of the fastest-growing decentralized derivatives platforms in the 2026 Web3 landscape. The most distinctive feature of AFX’s growth is its superior capital efficiency. While many decentralized protocols rely on massive Total Value Locked (TVL) to attract volume, AFX has achieved its $1.1 billion milestone with a lean TVL…
Aave V3 in the zkSync Era Gives DeFi Lending a New Push to ZK Rollups are the kind of crypto articles that seem simple at the headline level, but become more useful when placed in the context of the broader market. Aave’s expansion strategy is a good lens for the broader DeFi market. Liquidity follows users, but users also follow trusted liquidity venues. The reason it's noteworthy today is not because one announcement or filing will magically change the entire market. That said, the update adds new data points to a sector that is trying to figure out where capital,…
New York, USA, July 10th, 2026, Chainwire TrueDAO announced today the completion of a $10 million strategic funding round. The round was led by Brevan Howard Digital, with participation from Zee Prime Capital and Jump Capital. The proceeds will primarily fund core AI protocol development, AI-driven risk control, security audits, global compliance efforts, and the expansion of ecosystem partnerships. The journey to this milestone began a year ago when the TrueDAO team set out to build a decentralized financial infrastructure driven by smart contracts, on-chain reserves, dynamic adjustment mechanisms, and community governance. The initiative aimed to address challenges in the…
Victoria, Seychelles, July 10th, 2026, Chainwire MEXC, a pioneer in 0-fee digital asset trading, announced the launch of its VVIP Futures Loss Coverage Program 2.0 from July 10 to July 30, 2026 (UTC), an upgraded initiative offering enhanced trading protection and a 1,000,000 USDT prize pool for futures users to share. The Loss Coverage Program 2.0 introduces three key enhancements. Losses Covered Instantly gives eligible VVIP users same-day compensation on qualifying losing trades, with coverage chances and limits tiered according to VVIP level. Elite VVIP users with a credit score of 800 or above enjoy real-time compensation upon triggering loss…
Earlier this week, Bloomberg reported that Microsoft was replacing some of OpenAI’s software with its own in-house models in an effort to cut costs. Those in-house models, known as MAI, were increasingly being used to power apps like Word and Excel, the outlet noted. The story raised an increasingly common question about the two companies, which were once seemingly inseparable, and have recently sent mixed signals about the status of their situationship: Were the two companies drifting apart? Now, OpenAI is attempting to put any insinuations of such a break to rest. During OpenAI’s launch of GPT 5.6 on Thursday,…
Key TakeawaysNorth Carolina’s signed budget taxes prediction markets at 6% of net trading fee revenue, effective January 1, 2027.The state declines to require prediction platforms to hold a state license, recognizing CFTC authority instead.Sports betting operators face a separate, higher 23% tax on gross wagering revenue, up from 18%, effective immediately. A carveout sidestepping a fight Governor Josh Stein signed North Carolina’s $34 billion fiscal-year budget on July 7, enacting Senate Bill 257 – now Session Law 2026-41 – after more than a year of negotiations. The budget’s two key gambling provisions pull in opposite directions: the first raises the…
Jul 09, 2026 16:11 Ethereum Foundation runs AI agents on protocol code, uncovering critical bugs like CVE-2026-34219 in libp2p. Here’s why this matters for Ethereum’s future. The Ethereum Foundation’s Protocol Security team has revealed a cutting-edge approach to enhancing the network’s integrity: deploying AI agents to analyze Ethereum’s protocol code. In a new blog post published on July 9, 2026, the team detailed how these agents identified critical vulnerabilities, including a remotely-triggerable bug in libp2p’s gossipsub layer, now patched and disclosed as CVE-2026-34219. Ethereum (ETH), trading at $1,624.95 as of July 9, remains the backbone of decentralized finance (DeFi) and…