• Court docs: an FBI agent has been charged with amassing ~$1M worth of cryptocurrency, largely by making unauthorized withdrawals from a criminal target overseas (Devlin Barrett/New York Times)
• US satellite internet provider Hughesnet files for Chapter 11 after losing subscribers to Starlink and plans to focus on business and government customers (Michael Kan/PCMag)
• Leaked doc: Microsoft plans to bring Xbox 360 games to PC, and the games will be able to run on the next-gen Project Helix console, "Xbox PCs", and handhelds (The Verge)
• The White House says it has met its deadline to establish a voluntary framework for evaluating advanced AI models; it did not provide details of the framework (Maria Curi/Axios)
• China revises its regulations to tighten protection of chip layout designs, including punitive damages for serious infringement, taking effect from October 15 (Eduardo Baptista/Reuters)
• Valar, which is making small modular nuclear reactors to power data centers, raised a $1B Series B led by Sequoia at a $6B post-money valuation (Bloomberg)
• Mariana Minerals, which builds and operates mines using its MarianaOS software platform, raised a $310M Series B, bringing its total funding to $400M (Allie Garfinkle/Fortune)
• India proposes extending tax exemptions until 2041 for foreign companies that provide machinery to contract manufacturers, changes that Apple had lobbied for (Reuters)
• Sources: the Trump administration invites staffers from OpenAI, Google, Anthropic, and others to the White House on Tuesday to review the AI oversight framework (The Information)
• UK court filing: in July, Apple launched a new legal challenge against the UK government's attempt to create a "backdoor" to access encrypted customer data (Tim Bradshaw/Financial Times)
• Zenity, which develops a platform for securing AI agents, raised a $125M Series C led by Norwest Venture Partners, taking its total funding to ~$185M (Meir Orbach/CTech)
• Visa plans to acquire Israeli company BioCatch, which uses AI to detect fraud and distinguish legitimate users from attackers in real time, for $2.4B in cash (Katherine Hamilton/Wall Street Journal)
• Horizon3, whose AI penetration testing platform NodeZero helps find and exploit attack paths in production systems, raised a $250M Series E at a $2B valuation (Kate Park/TechCrunch)
• Michael Saylor's Strategy sold 1,638 bitcoin for ~$104.7M from July 27 to August 2, reducing its holdings to 842,138, with a $10.9B paper loss at current prices (James Hunt/The Block)
• June, which aims to help enterprise AI deployment by finding bottlenecks and building agents, emerges from stealth with $20M led by Marc Benioff's Time Ventures (Tim Fernholz/TechCrunch)
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