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Bipartisan Legislation Targets Rising Threat of AI-Powered Impersonation and Fraud

In brief
Reps. Ted Lieu and Neal Dunn have introduced the AI Fraud Deterrence Act following high-profile AI impersonation incidents.
The bill increases maximum penalties for AI-assisted fraud to $2 million in fines and up to 30 years in prison for bank fraud.
Hackers used AI to impersonate
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AIOZ Network to ‘Empower’ Decentralized AI Devs with Open Models and Challenges

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DePIN-powered ecosystem AIOZ AI is building a full-stack infrastructure that decentralizes artificial intelligence.
AIOZ AI aims to "empower contributors" by offering them more control over their work, enabling developers,
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Bitcoin Depot Contests $18.5M Award as Subsidiary Faces Dual Legal Battles

In brief
Bitcoin Depot's Canadian subsidiary, BitAccess, was hit with an $18.47 million arbitration award after Cash Cloud accused it of crippling hardware and software failures.
Cash Cloud is also pursuing a parallel lawsuit in U.S. bankruptcy court seeking the same damages, arguing some
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Saudi Arabia's First Quantum Computer: Can It Break Bitcoin?

In brief
Saudi Aramco installed the Kingdom's first quantum computer, built by France-based Pasqal.
The 200-qubit system marked Saudi Arabia's entry into the global quantum race.
Experts said current machines cannot yet break Bitcoin's cryptography, but progress is accelerating.
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US Bank Is Testing a Stablecoin on Stellar Network

U.S. Bank is testing its own stablecoin on the Stellar blockchain in collaboration with PwC and the Stellar Development Foundation. This initiative aligns with other traditional banks exploring stablecoins following new regulations.
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Polymarket Set for US Return Following Approval From CFTC

Polymarket has received CFTC approval to operate in the U.S. after years offshore. This comes after acquiring a regulated exchange and aligns with a more lenient regulatory environment under the Trump administration. The platform has seen record trading volumes through notable partnerships and investments.
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Anthropic Completes AI Model Upgrades With Claude Opus 4.5—And Slashes Prices

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Anthropic released Claude Opus 4.5 on Monday, completing its three-model family and marking the company's third major launch in just two months. The new flagship model claims the top spot in coding benchmarks while cutting
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Klarna Will Launch Stablecoin on Tempo in Effort to 'Challenge Old Networks'

In brief
Klarna's KlarnaUSD stablecoin will debut on layer-1 network Tempo next year.
The token was created with help from Stripe's Bridge.
Klarna's CEO was once a crypto skeptic, calling out Bitcoin promotions in 2021.
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Flow Traders Opens New Institutional Gateway to DeFi With Cap and EigenLayer

Flow Traders has launched on Cap, an on-chain marketplace using EigenLayer, merging traditional finance with decentralized protocols. This enables institutions to access transparent, automated financial tools while maintaining accountability through innovative risk management features.
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Russian Man Detonates Airsoft Grenades in Botched Crypto Heist

In brief
A 21-year-old man allegedly detonated two Airsoft grenades and ignited a smoke bomb at a St. Petersburg cryptocurrency exchange on Saturday.
Police reportedly arrested the suspect after he demanded that employees transfer all available crypto to his digital wallet.
The incident comes a
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