Daedalus Wallet is a cryptocurrency wallet designed specifically for the Cardano blockchain. It is the official wallet for storing ADA, the native cryptocurrency of the Cardano platform. Daedalus is a full-node wallet, which means it downloads and locally stores the entire Cardano blockchain, providing users with increased security and control over their funds.
Benefits of Daedalus Wallet:
Security: Daedalus is a full-node wallet, which means it downloads and verifies the entire Cardano blockchain. This enhances security by reducing reliance on third-party servers.Control: Users have full control over their private keys, ensuring that they have ownership and access to their funds.Staking: Daedalus allows users to participate in the Cardano network’s proof-of-stake consensus mechanism by staking their ADA. Staking rewards are earned by supporting the network’s security and functionality.User Interface: Daedalus provides a user-friendly interface, making it easy for users to manage their ADA holdings, delegate to staking pools, and view transaction history.Compatibility: Daedalus is available for Windows, macOS, and Linux operating systems, providing broad compatibility.
Disadvantages of Daedalus Wallet:
Blockchain Download: The initial blockchain download can be time-consuming and resource-intensive, as it requires users to download the entire Cardano blockchain.Resource Requirements: Running a full node wallet like Daedalus may require a significant amount of disk space and computational resources.Learning Curve: For beginners, the full range of features in Daedalus may have a learning curve, especially for those unfamiliar with cryptocurrency wallets and blockchain technology.
Main Use in Detail:
The main use of the Daedalus Wallet is to securely store and manage ADA, the cryptocurrency native to the Cardano blockchain. Users can send and receive ADA, delegate their holdings for staking, and participate in the Cardano network’s consensus mechanism. The wallet’s full-node nature enhances security and decentralization.
One notable feature is the ability to delegate ADA to staking pools directly from the wallet interface, allowing users to earn staking rewards and support the Cardano network without relying on external services.
Overall, Daedalus serves as a comprehensive and secure wallet solution for users deeply involved in the Cardano ecosystem, offering features beyond basic transaction capabilities.

Kraken and Bitfinex are among the seven overseas cryptocurrency exchanges that India’s Financial Intelligence Unit is currently pursuing for $345 million in unpaid goods and services tax (GST).
The Financial Intelligence Unit (FIU) of India implemented a decisive strategy to recoup $345 million in Goods and Services Tax (GST) from seven foreign crypto exchanges that are currently operating within the nation, including Kraken, Bitfinex, and MEXC Global.
After receiving numerous warnings regarding their noncompliance with India’s tax laws, these exchanges have implemented this enforcement measure.
Kraken, Bitfinex, MEXC Global, Huobi, Gate.io, Bittrex, and Bitstamp were prohibited from providing cryptocurrency services in India.
These platforms will now be required to demonstrate compliance with Indian financial regulations, particularly the Prevention of Money Laundering Act (PMLA), as part of the regulatory procedure.
Hearings will shortly determine whether these exchanges can resume operations in India, according to reports from the Economic Times.
The exchanges will be required to present their cases, demonstrating that they can fulfil the reporting obligations required under Indian law and that they are in compliance with the PMLA.
Nevertheless, adhering to these regulations alone will not ensure their return to the Indian crypto market. The exchanges are also required to pay penalties, which will be determined by the sums they submit during the proceedings.
The FIU aims to recoup approximately ₹2,900 crores, which is equivalent to $345 million, in outstanding GST liabilities.
Due to the exchanges’ failure to pay GST on transaction fees collected from Indian consumers prior to their prohibition from operating in India, the Indian government has prioritized the recovery of these taxes.
The FIU requested that Binance pay a $2.25 million sanction and $86 million in GST in order to resume its services in India earlier this year.
These foreign entities are subject to the same GST regulations as Indian enterprises. This necessitates that they register under India’s GST framework and pay taxes on services rendered to Indian clients, in the same manner as domestic exchanges.
India’s primacy in the global adoption of crypto remains undisputed, despite these regulatory obstacles. Even with a 30% crypto capital gains tax and a 1% tax deducted at source (TDS), India is the first-ranked country among 154 countries in terms of cryptocurrency usage, according to the Chainalysis 2024 Global Crypto Adoption Index.
Activity on centralized exchanges, decentralized finance (DeFi) platforms, and peer-to-peer trading has enabled India’s crypto ecosystem to persist in the face of these obstacles.

In order to conceal the trace, the North Korean entity responsible for the WazirX compromise transferred 10,000 stolen ETH to Tornado Cash within 24 hours.
In the past 24 hours, the criminal who perpetrated the WazirX security compromise has transferred more than $23 million in stolen Ethereum (ETH).
This occurs in the context of the exchange’s restructuring initiatives, which may result in the return of 55-57% of the misappropriated assets to users.
In accordance with Cyvers Alerts, the intruder transmitted 5,000 ETH, which is estimated to be worth $11.7 million, to a new address on September 10. This transaction is an extension of a comparable one that occurred on September 9, during which an additional 5,000 ETH, valued at $11.5 million, was transferred to an alternative address.
The exploiter has transferred approximately $23 million in the past 24 hours. Tornado Cash, a sanctioned service that enables users to conceal wallet addresses on a variety of blockchains, is also considered to be the destination of both transactions.
Cryptocriminals frequently employ the mixer to conceal the trace of stolen assets, despite the fact that it is illegal in the United States.
Arkham data indicates that this action is in response to the hacker’s recent transfer of approximately $4 million in Ethereum network ETH to the crypto aggregator. The associated address contains more than $109 million in a variety of tokens, with $103 million in ETH.
Following the security incident in July, which resulted in the seizure of over $230 million in user assets, this sequence of transactions pertains to WazirX’s multisig wallet.
Affected clients will not be able to recover their entire funds as a result of the incident, as the exchange has announced. The company is presently in the process of restructuring, and it is possible that users will receive 55-57% of the misappropriated assets.
At a virtual press conference, Jason Kardachi, Kroll’s managing director of restructuring, stated, “This is what consumers can expect to receive as a result of this restructuring.”
The endeavour encompasses the development of revenue-generating products and mechanisms to distribute profits to users, the tracking and recovery of misappropriated crypto assets, and the facilitation of the withdrawal of assets by those who require urgent liquidity in order to depart the restructuring process.
The company anticipates that individuals who remain throughout the procedure will receive greater recoveries.
WazirX is also in the process of actively seeking a “white knight” investor to provide capital and investigate potential partnerships and collaborations. Furthermore, the organisation intends to allocate the remaining assets to consumers on a pro-rata basis.

On macOS operating systems, the malware targets prominent crypto wallets from companies such as MetaMask, Coinbase, and Binance.
Apple Mac users are being cautioned about a novel malware variant known as “Cthulhu Stealer,” which has the potential to capture their personal information and target crypto wallets.
On August 22, cybersecurity firm Cado Security stated, “There has been a prevalent belief in the Zeitgeist for years that macOS systems are immune to malware.”
“Despite MacOS’s reputation for security, there has been a marked increase in macOS malware in recent years.”
As an Apple disk image (DMG), “Cthulhu Stealer” impersonates legitimate software such as Adobe GenP and CleanMyMac.
Upon opening the file, the macOS command-line application for launching AppleScript and JavaScript requires users to enter their password.
Upon entering this information, a subsequent prompt will appear to request the password for the widely used Ethereum wallet, MetaMask. It also targets other prominent crypto wallets, such as those from Binance, Atomic, Coinbase, Wasabi, and Blockchain Wallet.
The malware stores the stolen data in text files before fingerprinting the victim’s system to collect data such as the operating system version and IP address.
Tar Gould, a researcher at Cado, elucidated that the primary function of Cthulhu Stealer is to pilfer cryptocurrency wallet and credentials from a variety of sources, including game accounts.
Cthulhu Stealer is strikingly similar to Atomic Stealer, a malware that attacked Apple computers in 2023. This suggests that the developer of Cthulhu Stealer “presumably took Atomic Stealer and modified the code,” Gould added.
Affiliates were renting the malware for $500 per month via the Telegram messaging platform, with the primary developer receiving a portion of the proceeds from successful deployments.
Nevertheless, the malware’s perpetrators are purportedly no longer active as a result of disputes over payments, which have resulted in accusations of an exit scheme by affiliates.
The AMOS malware, which also targets Mac users, has the ability to clone Ledger Live software, according to a report by Cointelegraph on August 23.
Apple has recently acknowledged the growing menace of malware that targets its operating systems. The technology colossus announced an update to its next-generation macOS version on Aug. 6. This update increases the difficulty for users to circumvent Gatekeeper protections, which ensure that only trusted applications are permitted to operate on the system.
In May, Telegram downplayed the severity of an exploit that enabled researchers to access macOS camera systems, asserting that it was more of an issue with Apple’s permission security than the messaging platform.

Donald Trump expressed his willingness to contemplate appointing Elon Musk to a Cabinet position in 2025 following a public endorsement from the Tesla CEO and a discussion about X Spaces.
If he defeats Vice President Kamala Harris in November, the Republican candidate for president in 2024 has stated that he may nominate Elon Musk, CEO of Tesla, to a seat in the cabinet.
Trump stated in an interview with Reuters on August 19 that he would “certainly” contemplate appointing Musk to a position in his Cabinet or as an advisor beginning in January 2025, “if he were to do so.” The Republican nominee did not indicate which of the 15 executive departments, which include Energy, Labor, Transportation, Commerce, and Treasury, he might assign the Tesla CEO to run.
Trump’s remarks were made subsequent to his conversation with Musk during an X Spaces discussion on August 13, which was postponed for 30 to 40 minutes as a result of what Musk described as a “massive DDoS attack” on the platform. Former employees of X have reportedly expressed skepticism regarding Musk’s assertions, as it did not appear that any substantial issues were affecting other users at the time.
Initially, Musk did not endorse Trump in the 2020 election, defeating the Republican candidate in favor of former Vice President Joe Biden. The Tesla CEO tweeted in July 2022 that he did not “hate” Trump, but that he should “hang up his cap and sail into the sunset.”
The Tesla CEO tweeted out an endorsement of the Republican after an apparent assassination attempt against Trump in July. Since then, he has posted several times, criticizing policies from President Biden and Vice President Harris. Trump expressed his admiration for Musk at a rally in July, stating that he “loves” him and subsequently referring to him as a “very intelligent individual.”
At a rally on August 3, Trump declared, “I am in favor of electric vehicles. I am obligated to be, Elon, because he fiercely supported me. Therefore, there is no alternative for me.”
Some reports indicated that Musk would contribute $45 million per month to Trump’s reelection campaign. The Tesla CEO primarily denied the magnitude of the contributions, stating that he would contribute to a political action committee that supports the Republican candidate at a “significantly lesser level.”
The Republican candidate appears to receive positions of support from certain high-level donors to Trump’s reelection campaign. Upon his election in November, his campaign announced that Howard Lutnick, CEO of Cantor Fitzgerald, and Linda McMahon, co-founder of World Wrestling Entertainment, would serve as co-chairs of his transition team.

Local police smashed the rigs using a steamroller, as shown in a video, as a message that authorities would continue to clamp down on energy theft associated with bitcoin mining.
The Malaysian government has incinerated 985 bitcoin mining machines, which were valued at approximately 1.98 million Malaysian ringgits ($452,500), according to local media. This action is part of the government’s ongoing efforts to combat electricity theft that is associated with bitcoin mining.
According to the Malaysia Gazette, the Perak Tengah district police utilized a steamroller to destroy the devices on Monday following directives from a court. Enforcement operations dating back to April 2022 resulted in the seizure of the devices.
The most recent warning and enforcement actions from the authorities were implemented in conjunction with a more extensive campaign to address power theft issues that are linked to bitcoin miners. The authorities in Sepang district apprehended seven individuals last week for allegedly engaging in bitcoin mining operations that involved electricity theft.
Last month, Akmal Nasrullah Mohd Nasir, the deputy minister of energy transition and water transformation, disclosed that crypto miners in Malaysia misappropriated a minimum of RM3.4 billion ($777 million) in power between 2018 and 2023.
China, which prohibited all crypto mining activities in 2021, has seen an increase in the relocation of crypto mining operations to the United States and other countries, such as Malaysia, Indonesia, Laos, and Thailand. Southeast Asian nations are attractive to miners because of their competitive electricity prices, competent personnel, and established infrastructure.

Morgan Stanley’s financial advisors will have the ability to provide Bitcoin ETFs to clients who are eligible.
On Friday, CNBC reported that Morgan Stanley, a prominent investment bank and wealth management firm, will permit its financial advisors to actively promote Bitcoin exchange-traded funds (ETFs) to eligible clients. The report cited sources with knowledge of the policy. A few of examples of first offerings include the iShares Bitcoin Trust (IBIT) by BlackRock and the Wise Origin Bitcoin Fund (FBTC) by Fidelity.
The report stated that advisors will be able to recommend shares of FBTC and IBIT starting on August 7. The offer will be restricted to customers who possess a high-risk tolerance, a net worth of at least $1.5 million, and a preference for speculative investments.
In April, Morgan Stanley announced that they were considering policy modifications to allow their 15,000 brokers to recommend Bitcoin ETFs to their clients. A response to the increasing demand for Bitcoin ETFs, the most recent action has the potential to increase the inflows into these funds.
The bank intends to become the first major Wall Street bank to provide Bitcoin ETFs to its upper-income clients. The decision may induce industry colleagues to imitate it. Goldman Sachs, JPMorgan, Bank of America, and Wells Fargo are among the other banking titans that continue to limit access to Bitcoin ETFs to client initiation.
Morgan Stanley’s posture remains conservative, despite the new offer. The bank will restrict these investments to taxable accounts and supervise clients’ crypto holdings to prevent any excessive exposure.
Morgan Stanley has previously disclosed that it holds approximately $270 million in Bitcoin ETF investments, with a primary focus on Grayscale’s Bitcoin Trust (GBTC). Additionally, Ark Invest’s spot Bitcoin ETF (ARKB) features a modest allocation at the bank.

The FBI has issued a warning regarding individuals who portray themselves as employees of crypto exchanges in order to take the funds of users.
The fraudsters are contacting users through calls or messages, claiming that their accounts on the exchange are experiencing issues.
These fraudsters frequently induce a sense of urgency by encouraging victims to act promptly in order to safeguard their accounts. In order to obtain illicit access to users’ digital assets, they may request access credentials, click on malicious links, or provide personal information.
Even if they appear to be official, the FBI recommends that users disregard such calls or messages. Rather, users should terminate the correspondence and directly contact the cryptocurrency exchange by dialing its official phone number. The agency advises against utilizing any contact information or connections that the caller provides.
It is advised that users refrain from disclosing their login credentials, downloading files, or clicking on URLs that have been sent to them by fraudsters. Victims who are the targets of a fraud should notify the FBI and furnish information regarding the transactions associated with the scam.
Furthermore, the agency has observed a rise in the number of schemes that involve fabricated work-from-home positions. Scammers employ job postings to deceive consumers into making crypto payments for alleged job opportunities; however, the funds are in fact misappropriated.

Trump appeared to be bleeding following what according to reports sounded like gunfire or detonation. According to the Secret Service, the former president is secure.
After hearing deafening sounds that resembled gunfire or explosions, former President Donald Trump was promptly removed from the stage minutes into his rally in Pennsylvania on Saturday, as indicated by numerous media reports and video footage.
While delivering a eulogy, Trump appeared to collapse to the ground. Multiple media agencies reported that Secret Service members promptly surrounded him, and he remained on the ground for approximately one minute.
He then rose to his feet and raised his fist in the air. Blood was present on the side of his head and in his ear.
According to a spokesperson for the Secret Service, Trump is currently unharmed. Additionally, a Trump representative informed CNN that the presumptive Republican candidate for the 2024 presidential election is undergoing medical examinations at a medical facility.
A tweet from Anthony Guglielmi, the U.S. Secret Service head of communications, was sent out immediately after the event to confirm that the former president was safe, according to the Secret Service. “This is currently under active investigation by the Secret Service, and additional information will be available as soon as it becomes available.”
When cracking noises reverberated throughout the rally, Trump reached for the side of his head as he spoke. As Secret Service agents stormed the stage and encircled him, he crouches. Agents were present on all sides as he was led off the stage and promptly escorted into a waiting vehicle.
“As we await additional information, I am offering prayers for him and his family, as well as for all those who attended the rally,” stated a statement on Saturday evening. “Jill and I are appreciative of the Secret Service’s assistance in ensuring his safety. This form of violence is not permissible in the United States. In order to denounce it, we must unite as a single nation.”
In recent months, Trump has become more pro-crypto. That posture has garnered substantial financial backing from prominent members of the crypto community, such as the Winklevoss twins, the co-founders of the crypto exchange Gemini, who have donated substantial quantities in Bitcoin.
Trump repeated his dedication to the sector, emphasizing the necessity of the United States to serve as the industry’s leader. He has vowed to safeguard the self-custody rights of crypto users and to avert the establishment of a central bank digital currency.

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According to a recent study conducted by asset management firm CoinShares, the crypto market was more apprehensive about the potential impact of the Mt. Gox Bitcoin (BTC) sell-off than the actual impact it could have on BTC price. Concurrently selling all BTC could result in a 19% daily decline, although this is highly unreal.
At present, the Mt. Gox trustee is in possession of 142,000 BTC and an equivalent quantity of Bitcoin Cash (BCH), which are valued at $8.85 billion and $55.25 million, respectively. Luke Nolan, Ethereum Research Associate at CoinShares, emphasized that creditors were presented with two options: either receive 90% of the amount they were owed in kind this month or wait until the settlement of the civil litigation.
An estimated 75% of creditors elected to repay their debts early, which resulted in a reduction of the July distribution to approximately 95,000 BTC. Furthermore, the list of creditors at Mt. Gox includes claims of 10,000 BTC and 20,000 BTC by Bitcoinica and MtGox Investment Funds (MGIF), respectively.
Conversely, MGIF has previously stated that it has no intention of disposing of its bitcoin assets. Nolan further stated, “We may decrease the possibility of market impact to 75,000 bitcoin from the 95,000.”
Consequently, individual investors will receive a maximum of 65,000 BTC. However, Nolan emphasizes that investors’ holdings have increased by approximately 13,600% since the Mt. Gox incident, and the sale of all their BTC would be “an exorbitant tax event.”
Furthermore, the distributions will take place on multiple exchanges on individual dates throughout the month, which reduces the likelihood of significant concurrent selling. Over the past year, the average daily exchange inflows have been 32,000 BTC, with the apex occurring on January 11th at 150,000 BTC during the introduction of the spot Bitcoin exchange-traded funds (ETFs).
“We can estimate the potential price impact by deconstructing the 75,000 bitcoin that could enter the market into several scenarios using a straightforward Sigma Root Liquidity model. In the worst-case scenario, it is possible to sell US$2.8 billion, based on our estimate of the daily traded volume on trusted bitcoin exchanges, which is US$8.74 billion.”

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Phantom Wallet users have provided warnings regarding a fraudulent application that bears a striking resemblance to the genuine version, which has led to substantial financial losses.
According to reports, a Phantom wallet app that is fraudulently available on the Apple Store is capable of draining assets upon account recovery using a private key. Phantom Wallet and Solana users have been informed of the fraudulent application that imitates the legitimate Phantom Wallet.
The fraudulent application, which is published by Meta Voxify and has received only one-star reviews, is presented as an advertisement and bears a striking resemblance to the genuine application, which was developed by Phantom Technologies.
Bitcoinleef can verify that the application is currently operational in the United Kingdom and may be accessible in additional regions. The fraudulent application is apparent at the top of the screen when searching for “Phantom,” and it appears to be legitimate without further investigation. The listing is in the “Education” category, as opposed to “Utilities,” where the original application is located. Additionally, the fraudulent application has been in the app store for “17 years,” rendering it significantly older than Solana and Bitcoin.
Alex Fazel, the co-founder of Swissborg, issued a cautionary note to users: “There is a Phantom wallet app in the Apple Store that appears to be legitimate, but it will immediately drain all of your assets upon regaining access to your account using a private key.”
This fraud has resulted in substantial financial losses, according to reports. Mende Matthias, the co-founder of the Dubai Blockchain Center, reported a theft from his Phantom wallet that exceeded $100,000 on June 25, 2025. He stated that the larceny occurred shortly after he received presale tokens, despite the fact that he had implemented stringent security measures. Matthias emphasized that he did not interact with suspicious links, which prompted him to express apprehension regarding the manner in which the security compromise occurred.
In order to prevent such frauds, Phantom Wallet users should exercise caution and only download applications from verified developers. The incident underscores the persistent challenges and risks that exist in the crypto space, emphasizing the importance of the community in sharing information and remaining informed about potential threats.
It also raises concerns regarding the security and vetting process of the AppStore, which exacerbates the arguments against enabling the sideloading of applications through third-party stores. Although the AppStore was once considered a pillar of security, the listing and advertisement promotion of a financial app clone that is a fraud is a significant concern for users.