Bank of America warns that $166.4 billion has flowed into money market funds in a single week, and cash is unlikely to return to the stock market ahead of interest rate cuts.

On-chain analyst Specter published a report noting that multiple Ledger user wallet theft incidents have been recently reported on X and Reddit. After tracing the relevant stolen addresses, he discovered the funds came from hundreds of victim wallets, spanning multiple mainstream blockchains including Ethereum, Tron, and Bitcoin, with total losses exceeding $86 million. The analyst has now disclosed multiple addresses linked to the cases, though the attack’s cause, exact number of affected users, and whether Ledger has security vulnerabilities remain unconfirmed. Current information is primarily sourced from on-chain tracking and community reports and requires further verification.

Beating AI Express: Developer Finn Voorhees has demonstrated an AI agent capable of directly operating an iPhone. He only sent one prompt asking the agent to find the cheapest Ryanair flight to London for the next day. The agent then opened Ryanair on its own, input the destination, selected the date, checked fares, and finally returned to the chat interface to report the result—no computer was involved throughout the process. This agent runs in PiChat, an iPhone chat app developed by Voorhees. It leverages his previously open-sourced PiDurableKit at its core, running the Pi Agent on the iPhone via Apple’s JavaScriptCore to handle model calls, tool execution, and task management. The video uses Claude Opus 5.5, with model inference still running in the cloud. To enable the agent to continue working after switching to other apps, PiChat also uses Apple’s background task mechanism and saves execution progress via SQLite for easy resumption after interruptions. The most critical cross-app control code has not been made public. When activating iPhone Control in the video, the system required entering the lock screen password to enable XCTest UI automation. XCTest is Apple’s UI testing framework that can simulate taps, swipes, and text input. The open-source project TouchSynthesis leverages XCTest’s private interfaces to let iPhones generate touch events on their own, eliminating the need for real-time computer control. However, Voorhees has not confirmed whether he used this approach.

SK Group Chairman Choi Tae-won said today that chip demand is expected to continue growing rapidly, so SK Hynix will accelerate the construction of its semiconductor campus in Gwangju, South Korea as much as possible, and plans to release a specific timeline soon. Choi noted that SK Hynix has brought forward the completion target of its Yongin semiconductor campus from 2045 to 2033, but future production capacity may still fall short of demand, and the company does not rule out advancing the construction of both the Yongin and Gwangju campuses simultaneously. The planned scale of the Gwangju campus is about two-thirds that of the Yongin campus, and it may be expanded later. Currently, the specific start date of the Gwangju project has not been finalized, and construction progress still requires coordination with the government for supporting infrastructure such as water and electricity. Choi added that even if some supporting facilities are not yet in place, the company may proceed with piling works first, but will not slash construction costs to rush the project.

According to on-chain data, short-term Bitcoin holders (STHs) are still selling their profitable BTC via trading platforms. Over the past seven days, the total volume of such sell orders stood at around 11,000 BTC, down roughly 66% from the previous peak of 32,000 BTC, indicating that selling pressure from short-term holders has eased significantly.

Bitdeer AI has secured a 67MW data center campus in Malaysia, intended to support NVIDIA GB300 systems. With this expansion, Bitdeer AI’s secured AI cloud capacity has risen to 273.5MW, and its pipeline of reserved AI cloud projects is estimated to exceed $10 billion.

Ripple co-founder Chris Larsen has donated at least $22.5 million to U.S. federal candidates and super PACs in this election cycle, and plans to expand his political spending further. According to Bloomberg, Larsen has a personal net worth of roughly $13.3 billion, with his focus this cycle on issues including cryptocurrency, artificial intelligence (AI), clean energy, and billionaire taxes. Larsen previously opposed crypto industry political group Fairshake’s plan to spend $30 million to target Ohio Democratic Senate candidate Sherrod Brown, and subsequently donated $4 million to Brown personally. While his firm Ripple has contributed $48 million to Fairshake in this cycle, bringing total donations to $93 million, Larsen and Ripple CEO Brad Garlinghouse are reassessing future funding. In the AI space, Larsen has donated over $4.5 million to a super PAC that counters pro-AI groups, and has voiced support for setting strict safety guardrails for AI development. In the clean energy sector, a super PAC he backs has spent around $10 million to help defeat multiple Republican candidates who oppose renewable energy in primary elections. Additionally, Larsen has spent at least $12 million to oppose California’s proposed billionaire wealth tax.