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Crypto’s weakest link isn’t the code — AI scammers now just talk you into signing
Criminals are increasingly using AI tools like deepfakes and chatbots to perpetrate cryptocurrency scams, shifting focus from software vulnerabilities to social engineering. TRM Labs reports a 13-fold increase in AI-powered scams since 2022, with losses in 2026 already exceeding the previous year's total. This trend highlights a growing risk where even secure hardware wallets and authenticated logins can be compromised if the user is deceived.
Arbitrum’s Elara Upgrade Goes Live: 4x Bigger Stylus Contracts and Opt-In Compliance Screening
Arbitrum's Elara upgrade, ArbOS 61, has gone live on Arbitrum One and Nova, significantly increasing the Stylus contract size limit by four times to 96 KB. This upgrade also introduces opt-in compliance screening and configurable priority fees for dedicated chains, benefiting gaming networks like Xai and Proof of Play Apex. The changes aim to enhance scalability and provide more tools for developers and chain operators.
BlackRock took 80% of a $1B week as Bitcoin and Ethereum ETFs post their best run since April
US-listed spot Bitcoin and Ethereum ETFs saw over $1 billion in inflows in the week ending August 7, their strongest performance since April. BlackRock's IBIT and ETHA funds accounted for approximately $896 million of this total, highlighting a significant concentration of investment in these two products. This surge in investment occurred shortly after a security flaw was disclosed for Coldcard hardware wallets, prompting speculation about a potential shift from self-custody to institutional-grade crypto products.
