Economic

Tether pauses freezing of USDT on five blockchains

Tether has suspended its plan to freeze USDT smart contracts on five blockchains after feedback from community members. The stablecoin will remain transferable on these networks, but can no longer be issued or redeemed.

The decision affects Omni Layer, Algorand, EOS, Bitcoin Cash SLP, and Kusama. Omni Layer is most impacted, holding nearly $83 million in USDT. EOS carries around $4.2 million, while the other chains have less than $1 million combined.

Tether said it will focus on blockchains with strong adoption and developer activity, such as Ethereum and Tron, which hold over $150 billion in USDT. BNB Chain, Solana, and Ethereum layer-2 networks also play key roles in the stablecoin market.

The move comes as stablecoins gain fresh momentum following US President Donald Trump’s signing of the GENIUS Act. Analysts expect the law to strengthen dollar-pegged stablecoins globally, with forecasts suggesting the market could reach $2 trillion by 2028.

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South Korea to sharply increase spending to power AI-based growth

South Korea’s government has outlined a 2026 budget totalling 728 trillion won, a substantial 8.1 percent increase and the most significant rise in four years.

The new administration in South Korea, under President Lee Jae-myung, is using expansionary fiscal measures to drive innovation amid economic headwinds.

Research and development spending will see a record 19.3 percent jump to 35.3 trillion won, with AI receiving the steepest increase. Planned AI expenditure of 10.1 trillion won marks a threefold rise over 2025 and includes procuring 15,000 high-performance GPUs.

Industrial policy funding will grow by 14.7 percent, while social welfare and defence allocations also rise by over 8 percent. The fiscal deficit is expected to widen to 4.0 percent of GDP, with the public debt ratio forecast to reach 51.6 percent.

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Legal barriers and low interest delay Estonia’s AI rollout in schools

Estonia’s government-backed AI teaching tool, developed under the €1 million TI-Leap programme, faces hurdles before reaching schools. Legal restrictions and waning student interest have delayed its planned September rollout.

Officials in Estonia stress that regulations to protect minors’ data remain incomplete. To ensure compliance, the Ministry of Education is drafting changes to the Basic Schools and Upper Secondary Schools Act.

Yet, engagement may prove to be the bigger challenge. Developers note students already use mainstream AI for homework, while the state model is designed to guide reasoning rather than supply direct answers.

Educators say success will depend on usefulness. The AI will be piloted in 10th and 11th grades, alongside teacher training, as studies have shown that more than 60% of students already rely on AI tools.

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Econet brings smart tech to Zimbabwe Agricultural Show to support farmers

Econet Wireless Zimbabwe is showcasing its latest technologies at the 2025 Zimbabwe Agricultural Show under the theme ‘Building Bridges: Connecting Agriculture, Industry & Community’.

The company is engaging thousands of visitors, including farmers and policymakers, by spotlighting digital inclusive finance, insurance and smart infrastructure innovations.

The display features EcoCash mobile payments, Moovah Insurance for agricultural and business risks, and digital entertainment platforms. A standout addition is Econet’s smart water metres, which provide real-time monitoring to help farmers and utilities manage water use, minimise waste and support sustainable development in agriculture.

Econet emphasises that these solutions reinforce its vision of empowering communities through accessible technology. Smart infrastructure and financial tools are presented as vital enablers for productivity, resilience and economic inclusion in Zimbabwe’s agricultural sector.

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Claude chatbot misused in unprecedented cyber extortion case

A hacker exploited Anthropic’s Claude chatbot to automate one of the most extensive AI-driven cybercrime operations yet recorded, targeting at least 17 companies across multiple sectors, the firm revealed.

According to Anthropic’s report, the attacker used Claude Code to identify vulnerable organisations, generate malicious software, and extract sensitive files, including defence data, financial records, and patients’ medical information.

The chatbot then sorted the stolen material, identified leverage for extortion, calculated realistic bitcoin demands, and even drafted ransom notes and extortion emails on behalf of the hacker.

Victims included a defence contractor, a financial institution, and healthcare providers. Extortion demands reportedly ranged from $75,000 to over $500,000, although it remains unclear how much was actually paid.

Anthropic declined to disclose the companies affected but confirmed new safeguards are in place. The firm warned that AI lowers the barrier to entry for sophisticated cybercrime, making such misuse increasingly likely.

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Fragmenting digital identities with aliases offers added security

People often treat their email address as harmless, just a digital ID for receipts and updates. In reality, it acts as a skeleton key linking behaviour, purchases, and personal data across platforms.

Using the same email everywhere makes tracking easy. Companies may encrypt addresses, but behavioural patterns remain intact. Aliases disrupt this chain by creating unique addresses that forward mail without revealing your true identity.

Each alias becomes a useful tracker. If one is compromised or starts receiving spam, it can simply be disabled, cutting off the problem at its source.

Aliases also reduce the fallout of data breaches. Instead of exposing your main email to countless third-party tools, scripts, and mailing platforms, an alias shields your core digital identity.

Beyond privacy, aliases encourage healthier habits. They force a pause before signing up, add structure through custom rules, and help fragment your identity, thereby lowering the risks associated with any single breach.

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TransUnion breach affects 4.5 million US consumers, highlighting rising third-party cyberattack threats

TransUnion, a US consumer credit reporting agency, has suffered a data breach, impacting the personal information of nearly 4.5 million Americans. The breach, detected on 30 July 2025, involved unauthorised access to a third-party application used in its US consumer support operations.

Although credit reports and core credit data were not exposed, specific personal details were compromised. TransUnion is offering affected customers free credit monitoring and fraud assistance. The agency highlighted its commitment to robust security measures and ongoing improvements. The incident follows previous breaches in 2022 and 2023, raising concerns about TransUnion’s overall data protection and third-party risks.

The recent TransUnion breach follows several high-profile data incidents involving third-party compromises. In June 2025, banking giant UBS was affected after its procurement provider Chain IQ was attacked.

In July, Allianz Life reported personal data theft from 1.4 million US customers via a third-party cloud-based CRM breach. Australian airline Qantas also disclosed a breach impacting nearly six million customers through a third-party service platform.

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Bitcoin could reach $150,000 by late 2025

Analysts suggest Bitcoin’s current bull cycle may reach new highs of $150,000 by December 2025, driven by supply scarcity and sustained institutional holdings. The growth is expected to be slower than previous cycles but could extend into early 2026.

Technical analysis shows that each successive cycle delivers smaller gains. While early cycles saw increases of 61%, 42%, and 35%, the current cycle may peak at 27%.

Experts argue that a deceleration in growth often results in longer-lasting uptrends rather than signalling an end to momentum.

Liquidity data points to further upside potential. Bitcoin held in long-term storage has returned to historically high levels, reducing the amount available for trading. Analysts warn that scarcity may boost prices, but sudden large sell-offs could push Bitcoin down to $90,000–$100,000.

The debate continues over the timing and duration of the cycle. Some experts say the bull run is nearly over, while others believe institutional activity is changing the traditional four-year halving cycle.

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US begins publishing economic data on public blockchains

The US Department of Commerce has begun a pilot to publish official economic data on public blockchains to boost transparency and integrity. The first release included GDP figures on nine networks, among them Bitcoin, Ethereum, Solana, and Polygon.

For the July 2025 update, the department issued a cryptographic proof confirming 3.3% annualised GDP growth. In some cases, the topline figure itself was also shared.

Major exchanges such as Coinbase, Gemini, and Kraken supported the rollout, while oracle providers Chainlink and Pyth made the data instantly available across hundreds of applications.

Commerce Secretary Howard Lutnick called the move practical and symbolic, highlighting the Trump administration’s aim to position America as a blockchain leader. He emphasised that putting government data on-chain ensures universal access and creates new opportunities for financial markets.

The pilot may expand to more chains, oracles, and market participants. Officials say future datasets may include inflation and other key metrics, potentially changing how public statistics are shared and used in decentralised finance.

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Anthropic updates Claude’s policy with new data training choices

The US AI startup has announced an update to its data policy for Claude users, introducing an option to allow conversations and coding sessions to be used for training future AI models.

Anthropic stated that all Claude Free, Pro, and Max users, including those using Claude Code, will be asked to make a decision by September 28, 2025.

According to Anthropic, users who opt in will permit retention of their conversations for up to five years, with the data contributing to improvements in areas such as reasoning, coding, and analysis.

Those who choose not to participate will continue under the current policy, where conversations are deleted within thirty days unless flagged for legal or policy reasons.

The new policy does not extend to enterprise products, including Claude for Work, Claude Gov, Claude for Education, or API access through partners like Amazon Bedrock and Google Cloud Vertex AI. These remain governed by separate contractual agreements.

Anthropic noted that the choice will also apply to new users during sign-up, while existing users will be prompted through notifications to review their privacy settings.

The company emphasised that users remain in control of their data and that manually deleted conversations will not be used for training.

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