Apple is being sued for alleged negligence regarding its App Store security measures. In a lawsuit filed on Friday in the U.S. District Court of Northern California, three plaintiffs claim they were tricked into downloading and installing a fraudulent crypto wallet app, leading them to collectively lose more than $1.8 million. The lawsuit centers on Apple's claim that it secures its App Store by reviewing apps before they go live to protect users from fraudulent and malicious apps. In this case, the plaintiffs downloaded an app called Sparrow Wallet, even though the official Sparrow Bitcoin wallet is not available on iOS. The plaintiffs transferred their Bitcoin to the fraudulent app, losing large amounts of the virtual currency, according to the complaint. Plaintiff James Ramirez lost about $875,000; plaintiff Christopher Ellis lost around $840,000, and plaintiff Jalen Delgado lost roughly $120,000. The complaint targets one of Apple's longtime competitive arguments: that its tight control over its App Store makes its platform safer than those offered by its rivals. The company has used this claim to push back against deregulation of the app ecosystem, including third-party app stores and sideloading....

Good morning & happy Thursday! Today we're diving into digital asset pioneer Coinbase, which is now replacing the crypto exchange model with a Financial Operating System for AI Agents (Coinbase's System Update with a focus on key products & launches, what does it all tell us & which competitors should worry the most + bonus deep dive into Coinbase's latest financials & how Anthropic wants to be the AI OS for Wall Street inside), and see if Cursor is really SpaceX's Instagram Moment (what's the deal really all about, how it compares to Facebook buying Instagram & what's next + bonus deep dive into SpaceX, and Anthropic, which just Told AI Founders Exactly What to Build in 2026 inside). So let's jump straight into the finnovative stuff '' The news '' While most of the market was debating Bitcoin price targets, digital asset pioneer Coinbase COIN 0.00%' just shipped its most ambitious product wave in the company's history: tokenized 1:1-backed U.S. equities, an SEC-registered AI financial advisor, agent wallets with programmable guardrails, pre-IPO perpetuals for SpaceX, and crypto-backed mortgages....

Big fundraising deals did not take a pause for summer this week. In the U.S., the largest financings went to enterprise software company NinjaOne and blockchain technology provider Digital Asset. The largest deals of the week, however, were for European companies, with Germany's Neura Robotics pulling in $1.4 billion and Finnish space tech company Iceye landing $520 million. 1. NinjaOne, $400M, enterprise software: NinjaOne, provider of an IT operations and endpoint management platform, raised over $400 million in Series C extension funding at a $12.3 billion valuation. The Austin-based company said it grew revenue over 70% in 2025 and posted a profit in the first quarter of this year. 2. Digital Asset, $355M, blockchain technology: Digital Asset, a provider of blockchain technology geared for financial institutions, secured $355 million in a later-stage financing led by Andreessen Horowitz's crypto fund, a16z crypto. Founded in 2014, the New York-based company has raised at least $847 million in known funding to date, per Crunchbase data....

Meanwhile, Anthropic filed confidentially on June 1 at a $965 billion valuation, and OpenAI followed on June 8, eyeing a fall listing. After four years of a venture liquidity drought, the read across the industry is simple: the IPO window is finally open again. Bloomberg reported last week that with brokerage cash balances low, retail investors may have to sell existing holdings to fund their SpaceX orders, with Tesla and Bitcoin the most likely sources, and SpaceX is reserving as much as 30% of the deal, roughly $22.5 billion, for that same risk-on crowd. Crypto's own IPO pipeline stalled this year as capital rotated toward AI. These three companies could very well be the entire 2026 IPO class. Put together, this points to a concentration event rather than a broad reopening. A small number of funds and pre-IPO sellers get liquidity, three tickers absorb the available capital and attention, and the rest of the queue waits. If you run an early-stage company, the window reopening for SpaceX does very little for you directly....