Cybercrime surge hits airlines across North America

According to the FBI and cybersecurity experts, a well-known cybercrime group has launched fresh attacks on the airline industry, successfully breaching the networks of several airlines in the US and Canada.

The hackers, identified as ‘Scattered Spider’, are known for aggressive extortion tactics and are now shifting their focus to aviation instead of insurance or retail, their previous targets.

Airline security teams remain on high alert despite no flights or operations being disrupted. Hawaiian Airlines and Canada’s WestJet have acknowledged recent cyber incidents, while sources suggest more affected companies may step forward soon.

Both airlines reported no impact on day-to-day services, likely due to solid internal defences and continuity planning.

The attackers often exploit help desks by impersonating employees or customers to access corporate systems. Experts warn that airline call centres are especially vulnerable, given their importance to customer support.

Cybersecurity firms, including Mandiant, are now supporting the response and advising firms to reinforce these high-risk entry points.

Scattered Spider has previously breached major casinos, insurance, and retail companies. The FBI confirmed it is working with aviation partners to contain the threat and assist victims.

Industry leaders remain alert, noting that airlines, IT contractors, and vendors across the aviation sector are at risk from the escalating threat.

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SoftBank shifts focus to AI and next-generation chips

Masayoshi Son, founder and CEO of SoftBank, has indicated his readiness to pass the leadership baton after decades at the helm. Speaking to shareholders in Tokyo, the 67-year-old entrepreneur said he had mentally prepared to step aside and had already identified internal candidates.

However, he noted that revealing a successor prematurely could affect dynamics within the company.
While succession planning is underway, Son focuses on positioning SoftBank as a global leader in artificial superintelligence (ASI).

The company is pursuing aggressive investments, including a proposed $30 billion stake in OpenAI, the acquisition of UK-based Graphcore, and a potential purchase of US firm Ampere Computing.

Plans are also in motion to build a central tech hub in Arizona, modelled on Shenzhen, featuring advanced chip infrastructure and a possible partnership with TSMC.

SoftBank’s reach extends well beyond the US and Japan. India has invested over $10 billion across 24 companies, including Paytm, Ola Electric, and Swiggy. These ventures have spurred rapid growth and successful IPOs, reinforcing SoftBank’s influence over the country’s digital economy.

Shareholder confidence plays a crucial role in sustaining SoftBank’s bold innovation strategy. Many Japanese retail investors have remained loyal for decades, drawn by Son’s enduring vision and the promise of future breakthroughs.

With AI now firmly at the centre of SoftBank’s roadmap, the company is betting big on a future it hopes to shape.

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Hacktivist attacks surge in Iran–Israel tensions

The Iran–Israel conflict has now expanded into cyberspace, with rival hacker groups launching waves of politically driven attacks.

Following Israel’s military operation against Iran, pro-Israeli hackers known as ‘Predatory Sparrow‘ struck Iran’s Sepah Bank, deleting data and causing significant service disruption.

A day later, the same group targeted Nobitex, Iran’s largest crypto exchange, stealing and destroying over $90 million in assets.

Cyber attacks intensified in the days before and after Israeli strikes. According to NSFOCUS, cyberattacks on Iran peaked three days before the military operation, suggesting pre-attack reconnaissance.

In retaliation, pro-Iranian hackers escalated attacks on Israel on 16 June, focusing on government systems, aerospace, and education.

While attacks on Iran have been fewer, Israeli systems have faced over 1,300 attacks in 2025 alone, with 37% of all global hacktivist activity aimed at Israel since the conflict began.

However, analysts note these attacks have been high in volume but limited in impact. Their malware tactics involve evading antivirus software, deleting data, and turning off recovery systems.

NSFOCUS warns that geopolitical tensions are turning hacktivist groups into informal cyber proxies. Though not formally state-backed, these loosely organised actors align closely with national interests.

As traditional defences lag, cybersecurity experts argue that national infrastructure must adopt more strategic, coordinated defence measures instead of fragmented responses, especially during crises and conflicts.

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Google Doppl, the new AI app, turns outfit photos into try-on videos

Google has unveiled Doppl, a new AI-powered app that lets users create short videos of themselves wearing any outfit they choose.

Instead of relying on imagination or guesswork, Doppl allows people to upload full-body photos and apply outfits seen on social media, thrift shops, or friends, creating animated try-ons that bring static images to life.

The app builds on Google’s earlier virtual try-on tools integrated with its Shopping Graph. Doppl pushes things further by transforming still photos into motion videos, showing how clothes flow and fit in movement.

Users can upload their full-body image or choose an AI model to preview outfits. However, Google warns that the fit and details might not always be accurate at an early stage.

Doppl is currently only available in the US for Android and iOS users aged 18 or older. While Google encourages sharing videos with friends and followers, the tool raises concerns about misuse, such as generating content using photos of others.

Google’s policy requires disclosure if someone impersonates another person, but the company admits that some abuse may occur. To address the issue, Doppl content will include invisible watermarks for tracking.

In its privacy notice, Google confirmed that user uploads and generated videos will be used to improve AI technologies and services. However, data will be anonymised and separated from user accounts before any human review is allowed.

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TRON leads global stablecoin network

The USDT stablecoin supply on the TRON blockchain has exceeded $80 billion, reinforcing TRON’s role as the dominant network for stablecoin activity. Representing over 63% of the global stablecoin market, USDT issuance on TRON has grown by around $20 billion since January 2025.

TRON processes nearly 9 million transactions daily and leads all blockchains in transaction volume and user engagement.

TRON handles about 60% of global stablecoin payment volume as the preferred settlement network for stablecoins. The network supports over 315 million user accounts and facilitates $21.5 billion in daily USDT transfers.

With more than 1 million unique wallets transacting USDT daily, TRON commands 28% of active stablecoin wallets worldwide.

TRON’s speed, low fees, and scale have made it a vital platform for cross-border payments and financial access, particularly in emerging markets. Its ecosystem continues to evolve with growing institutional demand, exemplified by the recent launch of World Liberty Financial’s USD1 stablecoin on TRON.

The T3 Financial Crime Unit, a joint effort with Tether and TRM Labs, has helped freeze over $160 million linked to illicit activities. Founder Justin Sun highlights TRON’s commitment to openness, efficiency, and real-world utility, positioning it as a key infrastructure player in the expanding digital dollar economy.

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UK bank limits crypto transactions amid consumer risks

Barclays Bank has announced it will block all cryptocurrency transactions made using its bank cards, including Barclaycard credit cards, starting 27 June 2025.

The decision reflects growing concerns about digital currencies’ risks to consumers, particularly the high volatility that can lead to debt. The bank’s statement cited the lack of consumer protections as a key factor.

Cryptocurrencies aren’t covered by the Financial Ombudsman or Compensation Scheme, leaving customers few options if transactions fail. Barclays warned that price falls could prevent some customers from repaying debts incurred from crypto purchases.

The cautious stance mirrors broader trends among UK banks and regulators. The Financial Conduct Authority has repeatedly highlighted the dangers of unregulated crypto markets. Barclays encouraged customers to educate themselves via the FCA’s resources.

Meanwhile, the Bank of England plans to introduce stricter rules limiting banks’ crypto exposure by 2026, aiming to safeguard financial stability.

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India urged to adopt clear Bitcoin strategy

Pradeep Bhandari, spokesperson for India’s ruling Bharatiya Janata Party (BJP), has called for a pilot Bitcoin reserve as part of a strategic move to boost economic resilience. He cites the US’s Bitcoin reserves and Bhutan’s state mining as signs of global finance shifting to crypto.

India’s approach to crypto remains uncertain, with a 30% tax on virtual digital assets but no formal regulatory framework. Under current law, crypto profits are taxed flatly, and a 1% tax is deducted at source on transactions exceeding approximately $115.

Despite this, the lack of regulation has created ambiguity around crypto’s legal status.

Highlighting global developments, Bhandari notes that the US is actively expanding Bitcoin reserves, and three US states have authorised Bitcoin as a reserve asset. He says India’s renewable energy could support a clear Bitcoin strategy that boosts innovation and protects investors.

The BJP spokesperson says a Bitcoin reserve pilot could help India adopt digital assets legitimately and boost its global economic standing with clearer regulations.

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AI crypto apps see explosive user growth in 2025

AI is rapidly gaining ground in the blockchain world, with user activity and funding hitting new highs in 2025. According to a report by DappRadar, AI-related on-chain activity has surged 86% since January, with 4.5 million daily users engaging with AI-powered decentralised apps.

AI DApps have grown their market share to 19%, just behind blockchain gaming’s 20%. DappRadar analyst Sara Gherghelas said the rise of AI agents reflects more than hype, calling it a structural shift in how users interact with Web3 platforms.

From DeFi copilots to gaming bots, AI agents are emerging as a new layer for on-chain interaction.

Investor interest is growing as well. AI agent projects have already raised $1.39 billion this year—9.4% more than in 2024. Gherghelas noted that funding for AI agents now rivals or exceeds other Web3 verticals, including blockchain gaming.

User growth is global, with most AI DApp interactions coming from Europe (26%), followed by Asia (22%) and North America (15.8%). A significant 33% of activity comes from anonymous or unspecified sources. Analysts believe AI agents are becoming essential to the decentralised ecosystem worldwide.

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TON introduces easy staking with just 10 tokens

TON holders will soon be able to stake their tokens with minimal effort, thanks to a new service offering 4.7% annual rewards. Developed by P2P.org and Ton Whales, the solution lets users stake with just 10 TON while offering institutional-grade security.

The service is aimed at custodians and exchanges and will be available through a widget compatible with all TON Connect-supported wallets. Funds will be automatically allocated across network validators, removing the need for complex manual setup by intermediaries.

Backed by Telegram’s expanding crypto ecosystem, TON has become the only blockchain officially integrated into the messaging platform’s apps. Over 156 million wallets are active, with over $2 billion worth of TON currently staked.

Users earn TON via in-app games and services and can spend it on Telegram.

Ton Whales plans to launch a staking-linked bank card this year, while tools are also in development to let early investors earn rewards on locked tokens. Despite growing adoption, many TON-powered apps have struggled to maintain user interest beyond initial financial incentives.

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Dutch government to build AI plant with €70 million pledge

The Dutch government has pledged €70 million to build a new AI facility in Groningen to establish a European hub for AI research and development.

A consortium of Dutch organisations will manage the plant and focus on healthcare, agriculture, defence and energy applications.

The government is also seeking an additional €70 million in EU co-financing and has welcomed a separate €60 million contribution from the Groningen regional administration.

The plant is expected to be commissioned in 2026 and reach operation by early 2027 if funding is secured.

Minister of Economic Affairs Vincent Karremans emphasised the need to develop domestic AI capacity, warning that dependence on foreign technologies could threaten national competitiveness and digital independence.

‘Those who do not develop the technology themselves depend on others, ’ Karremans said on the government’s website.

European countries have grown increasingly concerned over their reliance on AI technologies developed by US companies.

The Groningen initiative marks a broader effort by the EU to build its own AI infrastructure instead of leaving strategic control in foreign hands.

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