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Apple faces a $2.7 billion class action lawsuit: accused of unfair application tracking rules against third-party developers, gaining improper advantages in its own advertising ecosystem

According to a report by Reuters, Apple Inc. is facing a class-action lawsuit in London, with claims amounting to £2 billion (approximately $2.7 billion). The lawsuit was filed today in the London Competition Appeal Tribunal by Ann Pope, a former senior official of the UK's Competition and Markets Authority, representing app developers.The core allegation is that Apple's "App Tracking Transparency" (ATT) feature, launched in 2021, imposes stricter restrictions on third-party developers than on its own services, giving Apple's own advertising ecosystem an unfair competitive advantage. Ann Pope stated that Apple's policies "have caused very significant harm to businesses that rely on Apple as a gatekeeper."Since its launch, the ATT feature has been a focal point of concern for global regulators for several years. Apple's official stance is that the feature is designed to allow users to control whether to permit apps to track their activities across other companies and websites.However, the plaintiffs argue that the actual enforcement of this rule has a double standard—tracking requests from third-party apps require strict pop-up authorization, while Apple's own personalized ads and services can bypass the same restrictions. This lawsuit represents the latest legal challenge Apple faces regarding its ATT policy and is the first large-scale private antitrust lawsuit initiated in the UK market against Apple's app ecosystem rules following scrutiny from regulators in the EU, the US, and several other countries.

first_img Central Bank: 149.789 billion non-cash payments in the second quarter

The Payment and Settlement Department of the People's Bank of China released the overall situation of the payment system operation for the second quarter of 2025. By the end of the second quarter, a total of 15.238 billion bank accounts had been opened nationwide, including 116 million corporate bank accounts and 15.122 billion personal bank accounts; a total of 10.068 billion bank cards had been issued nationwide, including 9.354 billion debit cards and 715 million credit cards and loan cards, with 775,700 ATMs.In the second quarter, banks nationwide processed 149.789 billion non-cash payment transactions, amounting to 136.536 trillion yuan. Bank card transactions totaled 146.662 billion, amounting to 22.670 trillion yuan, of which consumer transactions accounted for 93.371 billion, amounting to 3.157 trillion yuan. Banks processed 80.053 billion electronic payment transactions, amounting to 85.816 trillion yuan, including 18.217 billion online payments, amounting to 70.785 trillion yuan, and 58.386 billion mobile payments, amounting to 13.606 trillion yuan. Non-bank payment institutions processed 333.845 billion online payment transactions, amounting to 8.211 trillion yuan.In the second quarter, the payment system processed a total of 392.751 billion payment transactions, amounting to 308.483 trillion yuan. The People's Bank of China Clearing Center system processed 5.543 billion transactions, amounting to 22.957 trillion yuan; the UnionPay interbank payment system processed 97.641 billion transactions, amounting to 6.671 trillion yuan; the NetUnion clearing platform processed 283.180 billion transactions, amounting to 14.558 trillion yuan; and the RMB cross-border payment system processed 2.121 million transactions, amounting to 4.594 trillion yuan.

The Smarter Web increased its holdings by 35 BTC, and DDC's treasury holdings rose to 2899 BTC in the first half of the year

According to BBX data, yesterday and in recent days, publicly listed companies around the world have disclosed the latest developments in digital asset treasury allocation and mining strategy transformation, with the core information as follows:The Smarter Web invests £2 million to increase its holdings of 35 BTC: London-listed technology company The Smarter Web Company announced that it has purchased 35 bitcoins on the secondary market for £2 million (approximately $2.7 million). After this increase, the total amount of bitcoins on its balance sheet has reached 2,747 BTC.DDC Enterprise holds 2,899 BTC in the first half of the year: Asian food platform and bitcoin treasury company DDC Enterprise Limited (NYSE: $DDC) released its financial report for the first half of 2026. The company's total revenue reached $20.2 million (a year-on-year increase of 29%), and the adjusted EBITDA for its core food business successfully turned positive at $1.2 million. Due to fluctuations in the crypto market, the GAAP net loss for the period was $38.41 million (of which $34.27 million was a non-cash fair value loss on bitcoin). As of the date of publication, the company holds a total of 2,899 bitcoins, a significant increase of 145% compared to the end of 2025 (1,181 bitcoins), with cash and short-term investments totaling approximately $21.6 million.Capital B receives over €7.6 million in targeted investment from Adam Back: European bitcoin reserve company Capital B announced that it will issue new shares with warrants to strategic investor Adam Back through a private placement. The subscription price is €0.58 per share, with a total fundraising amount of approximately €7.645 million (about $8.86 million), and the delivery is expected to be completed today (September 3, 2026).Remixpoint liquidates altcoins, all in on bitcoin: Japanese listed company Remixpoint officially disclosed that in order to promote the selection and centralized management of its investment portfolio, it has sold all altcoins held in its treasury. In the future, the company's cryptocurrency asset holdings and operations will be 100% concentrated on bitcoin as a single asset.Hyperscale Data (NYSE: $GPUS) shuts down Michigan mining operations, fully transforms to AI computing power: Listed bitcoin mining company and AI data center company Hyperscale Data announced that it has completely stopped its bitcoin mining operations at its Michigan data center as of September 1. CEO William Horne stated that this move aims to fully cooperate with the previously announced Master Service Agreement (MSA) and promote the deployment of AI data center infrastructure, and it is expected to generate additional funding gains by selling idle bitcoin mining servers.
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