Coinbase reported a surprise Q2 net loss of $359 million on $1.22 billion revenue, missing Wall Street expectations as crypto spot trading volumes fell over 20%. Despite the loss, stablecoin revenue grew, and Coinbase gained market share. Broader crypto markets saw majors decline, while Bitcoin ETFs recorded significant inflows.
The Munich Regional Court ruled that US-based Suno AI violated copyrights by training its models on unlicensed music, ordering damages and disclosure of illicit revenues. Germany's licensing agency GEMA initiated the lawsuit, which is a globally significant test of copyright law for AI music. Suno plans to appeal the decision.
A new electrified fence in Kosciuszko National Park, funded by biodiversity offsets from Snowy 2.0, protects 108 hectares of endangered alpine wetlands from damage caused by wild horses, preserving critical ecosystems, threatened species, and carbon storage.
US President Donald Trump threatened to seize frozen Iranian assets to cover damages to ships and cargo in the Middle East, following Houthi rebel strikes on Saudi tankers. Iran's Foreign Minister Abbas Araghchi condemned the move as a dangerous, 'incendiary precedent' with global implications.
A Himachal Pradesh consumer commission ordered Reliance JioFiber to pay Rs 10,000 compensation to a Shimla woman for unresolved internet service disruptions despite multiple complaints, citing deficiency in service and unfair trade practice.
US President Donald Trump pledged to use frozen Iranian assets to cover damages to ships and cargo in the Strait of Hormuz, drawing strong condemnation from Iranian Foreign Minister Abbas Araghchi, who called it an "incendiary precedent." Tensions between the two nations have escalated with mutual strikes and threats.
Iran claims retaliatory drone strikes on US military facilities across the Middle East, following 13 nights of American attacks. This escalation comes as the US plans to use frozen Iranian assets for war damages, a move condemned by Iran, further intensifying tensions between the two nations.
Swedish owners of the Viking longship replica Glad av Gillberga, featured in the Hollywood film "The Odyssey," claim Universal failed to pay a $6,000 bill for repairs after the vessel was allegedly returned damaged, despite a prior agreement.
Former Coronation Street actor Qasim Akhtar will receive "substantial" damages and legal costs from The Sun's publisher, News Group Newspapers, to settle a High Court libel claim. The newspaper falsely alleged Akhtar backed an Islamic cleric, was linked to extremism, and trained with guns in Pakistan.
An unlawful excavation by Arisvi Holdings Pty Ltd four years ago on Erawirung Country, South Australia, irreversibly damaged an Aboriginal burial site and ancestral artefacts. Despite retrospective approval and a financial settlement with the council, the Aboriginal community and local residents feel let down by the system, with ongoing concerns about heritage protection and accountability.
Park Hoi-lam's lawyers urged a court to hold taxi driver Henry Cheng Kwok-chuen liable for at least HK$8.4 million in damages after his vehicle hit her during an October 2019 protest in Sham Shui Po, citing negligence.
New research indicates that six weeks of summer holiday childcare can cost working parents up to £1,145 per child, with nearly three-quarters reporting career damage due to the childcare juggle.
Charles Winters filed a $20M lawsuit against Magic Mountain and Six Flags, alleging racial discrimination, retaliation, and wrongful termination during his three-year employment, including being denied employee ID, given strenuous tasks, and excluded from a party.
A US National Academies of Science report confirms climate attribution science's growing maturity in linking extreme weather events to climate change, increasing prospects for corporate liability. This scientific progress has triggered political backlash and threats to the Academies' funding from the fossil fuel industry and some politicians.
Denver city paid $3.76 million in damages to Ruby Johnson after police wrongly raided her home in 2022, relying on Apple's Find My app to locate a stolen truck. Detective Gary Staab and Sgt. Gregory Buschy were also sued individually, with a jury disagreeing with police findings of no wrongdoing.
A magnitude 5.1 earthquake in central Peru, near Chupaca, has resulted in six fatalities and damaged over 250 houses, with 48 ruined, according to Prime Minister Luis Arroyo Sanchez. The quake's epicenter was seven kilometers south of Chupaca.
A US federal judge awarded Hunter Biden $1.7 million in damages from former Overstock.com CEO Patrick Byrne in a defamation suit. Byrne had repeatedly claimed Biden sought an $800 million bribe from Iran, allegations the judge found lacked evidence and were spread with intentional misrepresentation.
A Brazilian court has ordered Microsoft to reinstate a user's suspended Xbox account and game library after it was hacked. The user, Ordo_Liberal, filed a lawsuit after Microsoft permanently suspended the account due to unauthorized access.
The maritime traffic management center at Iran's Chabahar port was damaged in a US strike, according to ISNA. Port operations and vessel navigation were reportedly unaffected. This follows reports of explosions in several Iranian port cities on July 8 and 9.
A US court has ordered Donald Trump to pay E. Jean Carroll $5.8 million in damages, including interest, for sexual assault and defamation. Trump's appeals have been rejected, and the money is to be released from escrow.
Guigang Zoo lost numerous animals, including zebras, peacocks, ostriches, deer, and parrots, after flooding damaged cages. Three lions drowned, and over 20 types of herbivores were lost. The zoo estimates a loss of 4 million yuan (US$588,000) and urges the public to report sightings while maintaining a safe distance.
A judge has ordered Donald Trump to pay E. Jean Carroll over $5 million in damages plus interest after he was found liable for sexual abuse and defamation. Trump had deposited the funds while appealing the ruling.
Payward, Kraken's parent company, secured a $22 million arbitration award against former auditor Mazars USA. Payward alleges Mazars withdrew from a 2022 audit without cause, contributing to a broader campaign against crypto firms.
Sarah Blackman is suing Kaiser Permanente for $13 million after allegedly being injected with rubbing alcohol instead of anesthetic for ingrown toenail removal. She claims severe pain, tissue damage, and impaired mobility, with hospital staff reportedly revealing the error later.
