Apple faces a lawsuit over a crypto wallet scam on the App Store, with users losing more than $1.8 million.

Microsoft AI has launched a new self-developed cybersecurity model, MAI-Cyber-1-Flash. The model operates on the MDASH platform, a multi-agent framework designed to detect and remediate vulnerabilities in large-scale codebases. MDASH announced that the combination of MAI-Cyber-1-Flash and GPT-5.4 scored 12 points higher than Mythos in the CyberGym benchmark test. Microsoft AI stated that the model configuration provided on MDASH is 50% cheaper than its previous optimal setup (GPT-5.4 + 5.4 mini + 5.3 Codex). Source: Jinshi

The number of software security vulnerabilities found in popular tech products in 2026 is projected to be roughly double the 2025 count, with this surge largely attributed to the growing capabilities of artificial intelligence (AI) systems. The U.S. National Vulnerability Database (NVD) shows that 45,207 vulnerabilities have been logged between January and this Monday, a figure nearly matching the total for all of 2025. Last year, the database recorded an all-time high in vulnerabilities. Oracle (ORCL.N) reported that its July monthly software update fixed 1,449 security vulnerabilities, an all-time high, compared to just 309 fixes in the same period last year. Microsoft (MSFT.O) disclosed 642 security vulnerabilities in July, also an all-time high, nearly five times the number from the same period a year ago. Google (GOOG.O) discovered and fixed 433 such vulnerabilities in its latest Chrome browser update, versus only 11 in the equivalent update a year prior. Gabriel Shapiro, a distinguished AI research scientist at cybersecurity firm SentinelOne, noted: “We must face the reality that these tools are boosting people’s ability to uncover software vulnerabilities.” Doug Turner, Google’s Chrome engineering director, said vulnerabilities are being found at an “unprecedented scale and speed” due to advances in AI models and corresponding investments.

Wall Street investment bank TD Cowen has cut the price target for Bitcoin treasury company Nakamoto Inc. (NASDAQ: NAKA), slashing the post-stock-split adjusted target from $40 to $17—a 58% reduction—while retaining its "Buy" rating. TD Cowen analysts said the adjustment is mainly driven by pressure from Bitcoin price declines on Nakamoto’s highly leveraged capital structure. While the new target still implies around 275% upside from the current share price of $4.65, the stock is highly sensitive to Bitcoin price swings. TD Cowen forecasts Bitcoin will rebound to $100,000 by the end of 2026, roughly 25% below its all-time high of $126,000 set last October. The firm also expects Nakamoto to pause further Bitcoin purchases before 2027. Analysts noted that Nakamoto’s core value still stems from its Bitcoin holdings: the company currently holds 4,467 BTC worth approximately $290 million, ranking 22nd among public companies globally in Bitcoin holdings. However, its debt and preferred stock financing structure has eroded the asset value available to common shareholders. Recently, Nakamoto has completed several financial adjustments, including repaying roughly $45 million in debt, extending the maturity of $105 million in principal to June 2027, reducing financing costs, and approving a $25 million share repurchase program. Additionally, the company has shut down its previously operated medical clinic business and will focus on Bitcoin media, asset management, and advisory services going forward. Data shows NAKA’s share price has fallen more than 71% year-to-date, while Bitcoin has dropped around 26% over the same period. Market attention is shifting from "continuous BTC purchases" to the balance sheet structure and financing capabilities of Bitcoin treasury companies.

U.S. Treasury Secretary Scott Bessent has dubbed Trump Accounts "the most successful launch project in U.S. government history," disclosing that roughly 7 million children have already registered for the initiative. Bessent made the remarks at a meeting of the Financial Literacy and Education Commission, noting that the number of registrants has risen from 6.5 million earlier this month. The U.S. Treasury Department added that the early sign-up rate for Trump Accounts outpaces that of other digital platforms and financial products. Launched on July 4, the program – also known as 530A accounts – is open to all U.S. children under 18 who hold a Social Security number. Under the plan, children born between 2025 and 2028 will receive a one-time $1,000 initial deposit from the U.S. Treasury. Parents, guardians, and grandparents can contribute up to $5,000 annually, with funds invested in ETFs tracking the S&P 500 index. Bessent stated that the project will help ordinary U.S. families access capital markets, "creating a new generation of shareholders" and enabling households long excluded from Wall Street to participate in stock investing. Consultancy McKinsey previously analyzed that with broad participation, Trump Accounts could accumulate approximately $80 billion to over $900 billion in assets for U.S. children over the next decade, though the final scale will depend on family participation rates, willingness to make ongoing contributions, and long-term investment performance.

According to The Wall Street Journal (WSJ), citing people familiar with the matter, NVIDIA and OpenAI are in talks for a mega AI data center project worth approximately $500 billion, located in southern Ohio, United States. The project is expected to have a maximum power capacity of 10GW, potentially becoming the world’s largest data center initiative. Reports state that NVIDIA may provide around $250 billion in funding to OpenAI for leasing a data center campus developed by SBEnergy, the energy subsidiary of SoftBank. The total cost of the project is projected to exceed $500 billion, including up to $350 billion for AI chip procurement. The first phase of the data center is scheduled for completion in 2028, with an initial power capacity of roughly 800MW. If fully implemented, its 10GW power scale will far outpace most current large-scale AI infrastructure projects, equivalent to meeting the electricity needs of around 8.4 million U.S. households. The project’s power resources are located on U.S. federal land and are jointly supported by the U.S. and Japan. Japan previously pledged $33 billion in investments for related energy infrastructure in exchange for reduced tariff arrangements. As demand for AI computing power continues to surge, NVIDIA is accelerating its expansion into large-scale AI infrastructure, forging deep partnerships with companies including OpenAI, Meta, Microsoft, and Amazon. If the project moves forward, it will further solidify NVIDIA’s core position in the AI computing power supply chain and push global AI infrastructure into a "trillion-dollar-level" competitive phase.

Digital asset trading platform Uphold has announced a global layoff of roughly 17% of its workforce, affecting 85 full-time and contract employees. The company said the restructuring aims to reallocate resources to its fast-growing enterprise services business. Uphold CEO Simon McLoughlin stated that the firm underwent rapid expansion over the past few years, nearly doubling its headcount, and the layoffs represent a realignment of its business strategy. Despite the current slowdown in crypto market trading activity, the company remains bullish on the long-term prospects of digital assets and blockchain technology. Founded in 2015 and headquartered in New York, Uphold offers trading services for cryptocurrencies, fiat currencies, stocks, and precious metals to users. In recent years, it has gradually expanded its enterprise infrastructure business, assisting banks, fintech firms, and brokerages in integrating crypto trading and custody services. The layoffs come amid a prolonged crypto market slump. By the end of Q2 2026, the global total cryptocurrency market cap had fallen to around $2.1 trillion, with trading volumes declining and retail participation waning due to high interest rates, geopolitical uncertainty, and outflows from crypto ETFs. Uphold noted that it has not closed its UK operations or any other overseas offices, and regional operations remain fully functional. Looking ahead, the company plans to continue expanding its enterprise platform, while adding features including U.S. stocks, tokenized securities, asset-backed loans, credit cards, prediction markets, and DeFi yields to its consumer app. Market observers say Uphold’s restructuring reflects the crypto industry’s shift away from relying on retail trading revenue toward competing in institutional services, asset tokenization, and financial infrastructure.