Linera Launches Babbage Testnet

The Russian government plans to adopt supporting legislation to authorize the Federal Financial Monitoring Service of Russia (Rosfinmonitoring) to monitor all crypto transactions, requiring more detailed information for crypto transactions exceeding 60,000 rubles and cross-border crypto transactions over 1 million rubles. Russian digital depositories and foreign financial institutions must submit payers’ and payees’ names or enterprise names, wallet addresses, physical addresses, dates of birth, and tax identification numbers; for transactions under 60,000 rubles, only the name or enterprise name and wallet address are required. The bill also proposes capping banks’ digital asset exposure at 1% of their banking group’s capital, and expanding the Central Bank of Russia’s authority to restrict or ban certain crypto transactions. The relevant law was originally scheduled to take effect on July 1, but its deliberation has been blocked, and it may now be implemented on September 1.

According to sources familiar with the matter, Tencent is in talks to become the largest shareholder of AI agent firm Manus. Most existing investors, including Tencent, ZhenFund, and Sequoia China, are discussing backing a transaction at a $2 billion valuation to reverse Meta's acquisition of Manus. Earlier reports stated that the Office for Foreign Investment Security Review of China's National Development and Reform Commission (NDRC) has prohibited foreign investors from acquiring the Manus project and demanded the deal be canceled. Earlier this year, Manus announced it was set to be acquired by Meta.

According to Lookonchain’s monitoring, a crypto address spent 0.04 ETH (worth $69) to purchase 20 million CASHCAT tokens, then sold them for 0.415 ETH (worth $711), generating a 10x return but missing out on over $2.7 million in potential profits.

According to Bitget's market data, South Korea's KOSPI index rose by over 5%, Samsung Electronics surged 6.5%, and SK Hynix gained 2.7%.

Robinhood Chain head Johann published a post summarizing data from the network’s first week of launch: The network processed over 17 million transactions, has more than 350,000 addresses, the protocol’s total value locked (TVL) is approximately $250 million, and decentralized exchange (DEX) volume exceeded $1 billion.

Per Socket monitoring, the Injective blockchain npm package @injectivelabs/sdk-ts was maliciously modified. Attackers compromised a developer’s GitHub account to implant malicious code that steals wallet private keys and mnemonics; the stolen data is encoded and sent to an address masquerading as a legitimate Injective network server. The package has around 50,000 weekly downloads. Malicious version 1.20.21 has carried suspicious commits since June 8, and was locked into 17 other packages within the Injective Labs npm scope, meaning users who did not directly install this SDK could also be affected.