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In a pivotal ruling on July 25, Judge Philip Jeyaretnam of the Singapore High Court declared cryptocurrency as personal property, placing it on par with fiat money. Judge Jeyaretnam's elucidation is notable for the legal status of digital assets.
It was stemmed from a case where ByBit accused its former employee, Ho Kai Xin, of illicitly transferring approximately 4.2 million USDT from the company's coffers to personal accounts. The court mandated Ho to return the funds to cryptocurrency exchange. 
EraLend, a cryptocurrency lending protocol, was victimized by a re-entrancy attack, leading to substantial losses of $3.4 million.
The project's team confirmed via Twitter that the threat has been contained, and all loan transactions have been halted. As a precautionary measure, it's currently recommended to avoid making USDC deposits. 
The UK's data watchdog is setting its sights on Worldcoin, Sam Altman's initiative offering free crypto for iris scans.
With digital ID on one side and cryptocurrency on the other, it's caught the Information Commissioner's Office's attention.
"We note the launch of WorldCoin in the UK and will be making further enquiries," a spokesperson for the ICO says. 
Private banks in South Korea, Hana Bank and Woori Bank, have taken a keen interest in tokenized deposits, commonly known as Deposit Certificates or CDs.
CDs offer an alternative rooted in blockchain technology, serving as an equivalent to private stablecoins and Central Bank Digital Currencies (CBDCs).
Presently, it's being viewed as a potential substitute for customary notes and deposits without disrupting the existing banking system. 
Cryptocurrency Regulation in Estonia: Key Features Unveiled
With a welcoming attitude towards digital assets, Estonia makes running a digital business just as straightforward as it would be in Lithuania, Poland, Malta, or Gibraltar. For this reason, numerous cryptocurrency companies have chosen to register in this jurisdiction. 
Bloomberg reports that Apple is working on its own GenAI model, codenamed Ajax. The chatbot leverages Google's framework and runs on Google Cloud, with a primary focus on maintaining user privacy and confidentiality.
For now, Ajax will be used for in-house purposes like creating product prototypes and analyzing data. However, it might become available to the public in the future. 
The company behind the popular P2E game Axie Infinity, Sky Mavis, has announced a partnership with the NFT collection CyberKongz. Their joint venture will entail developing a new game on the EVM-compatible blockchain Ronin.
While the details of the new venture are yet to be disclosed, it has been revealed that CyberKongz's game, Play & Kollect, will also be migrated to the Ronin network. 
FTX, the prominent cryptocurrency exchange, was recently embroiled in controversy when court documents revealed a plan devised by Gabriel, the younger brother of FTX's CEO, SBF. According to the documents, Gabriel aimed to utilize FTX clients' funds to purchase the entire country of Nauru.
The idea was to transform Nauru into a post-apocalyptic sanctuary, complete with a highly secretive laboratory for conducting human genetics experiments and other projects. Who needs a private island when you can have a whole sovereign nation, right?
The court documents further detailed instances of transactions involving the founder's family, including those that have been previously disclosed.
While the idea of buying a nation for such purposes seems like something out of a sci-fi movie, it underscores the madness that was going on inside the FTX. 
AI Humanizes Domestic Robots, Enhancing Their Efficiency
Domestic robots can significantly simplify our daily lives. However, before entrusting them with household management, it is crucial to ensure their ability to adapt to specific conditions. Striving to augment this capability, researchers at the Massachusetts Institute of Technology (MIT) are hard at work. 
WhiteBIT has just announced that they've taken a snapshot and closed Zealy quests.
The launch date for the WB Network's mainnet is still under wraps, but it might be coming soon. Right now, the company is busy checking user activity leading up to the snapshot.
So, let's keep our eyes peeled for the airdrop! 
The U.S. Senate is considering a new bill aimed at imposing strict anti-money laundering (AML) rules on decentralized finance (DeFi) protocols.
The Crypto-Asset National Security Enhancement Act of 2023 targets entities controlling DeFi protocols or providing their applications. It requires customer vetting, AML programs, and reports of suspicious activities.
In absence of a controlling entity, anyone investing over $25 million in a protocol's development would be responsible.