Teledyne FLIR Defense, a division of Teledyne Technologies Incorporated, has received a $42.5 million contract from the U.S. Marine Corps Systems Command under Delivery Order 3 of the Organic Precision Fires-Light (OPF-L) program, the company announced this week. According to a press release from Teledyne FLIR, the contract covers the delivery of more than 600 […] 
The United States Army Contracting Command at Rock Island Arsenal has awarded Allied Metal Tech LLC of Greenville, Wisconsin, a contract valued at $272 million for the production of bomb dummy unit-50 (BDU-50) cast ductile iron devices with material handling pallets in support of the U.S. Air Force and potential Foreign Military Sales (FMS) requirements. […] 
The State Department has approved a possible Foreign Military Sale (FMS) to Canada involving air strike weapons and related equipment with an estimated total cost of $2.68 billion. The Defense Security Cooperation Agency (DSCA) has notified Congress of the required certification. According to the DSCA release, the Government of Canada requested a broad package of […] 
The U.S. Southern Command has reported that U.S. Marine Corps forces recently conducted an air-to-air missile exercise in the Caribbean Sea, using an AH-1Z Viper helicopter armed with an AIM-9 Sidewinder. The live-fire training occurred on November 25, 2025, and was publicly announced by the command on December 3. According to the announcement, the helicopter […] 
The U.S. military has activated its first one-way-attack drone squadron under a new task force based in the Middle East, U.S. Central Command (CENTCOM) announced on December 3. The move comes four months after Secretary of War Pete Hegseth ordered an accelerated push to field affordable unmanned systems capable of delivering decisive effects in contested […] 
Electra announced on December 3 the creation of “Electra Defense,” a new business unit aimed at advancing the company’s work with the U.S. military through the development of the EL9, a hybrid-electric aircraft with ultra-short takeoff and landing (ultra-STOL) capabilities. The EL9 is a nine-passenger fixed-wing aircraft designed to operate from spaces as short as […] The Cayman Islands is recording a sharp rise in foundation company registrations as Web3 projects reassess where to base their legal entities.
New figures show a strong year-on-year jump in these registrations, signalling how the jurisdiction is becoming a preferred destination for decentralised projects seeking legal clarity.
The growth began gathering pace toward the end of 2024 and has already carried into 2025, with communities and developers looking for structures that can support expanding ecosystems.
The trend reflects how recent legal developments, particularly in the United States, are prompting DAOs and Web3 organisations to seek more predictable, liability-shielding frameworks.
Foundation companies in the Cayman Islands are increasingly being used as legal wrappers for DAOs and as ecosystem stewards for major Web3 networks.
Registrations now include more than 1,300 entities at the end of 2024 and over 400 newly formed in 2025.
Cayman Finance reports that many leading Web3 projects have chosen the jurisdiction, including at least 17 foundations that oversee treasuries above the hundred-million threshold.
These entities allow DAOs to sign agreements, manage intellectual property, hire contributors, and interact with regulators without exposing tokenholders to personal liability.
The shift accelerated after the Samuels v. Lido DAO decision in 2024, where a US federal court found that an unwrapped DAO could be treated as a general partnership under California law.
This prompted many communities to reassess their structures.
The Cayman model provides separate legal personality and ownership capabilities that help plug this liability gap.
Add tax neutrality and a framework familiar to institutional allocators, and the jurisdiction becomes attractive to projects that need both compliance readiness and operational flexibility.
Jurisdictions worldwide are trying to position themselves for the next wave of Web3 growth.
The US has made repeated political pledges about becoming a global crypto hub, particularly under President Donald Trump, yet only a few states explicitly recognise DAOs as legal persons.
This leaves many organisations navigating fragmented rules at the entity level.
Switzerland remains a major onshore centre for Web3 foundations, with the Crypto Valley region now hosting more than 1,700 active blockchain firms and recording growth of over 130% since 2020.
Foundations and associations have become an increasingly important part of this expansion, although projects continue to diversify their jurisdictional footprints in search of structures aligned with their long-term plans.
The rise in Cayman-based Web3 foundations coincides with a major regulatory shift.
The Cayman Islands has implemented the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, with new Tax Information Authority regulations taking effect from January 1, 2026.
The framework brings due diligence and reporting requirements for “Reporting Crypto-Asset Service Providers,” covering entities that exchange crypto for fiat or other crypto, operate trading platforms, or provide custodial services.
These entities will need to collect tax-residence information from users, track specific transactions, and submit annual reports to the Tax Information Authority.
Legal professionals note that the rules are expected to apply only to service providers engaged in exchange or brokerage activity.
Structures that merely hold crypto assets, such as protocol treasuries, investment funds, or passive foundations, are likely to fall outside this reporting scope under the current interpretation.
This suggests that many DAO-related foundations that act purely as ecosystem stewards or treasury vehicles may continue to benefit from Cayman’s legal certainty without assuming full reporting duties, so long as they are not running exchange, brokerage, or custody operations.
As Web3 organisations mature and adapt to evolving compliance landscapes, the Cayman Islands appears set to remain a central node in the global distribution of decentralised governance structures.
The post Cayman Islands sees rising Web3 foundation activity appeared first on CoinJournal.
U.S.-based defense technology firm CX2 has introduced Wraith, a lightweight airborne electronic warfare (EW) platform designed to detect, geolocate, and track jammers, radars, and other RF emitters in high-threat, GPS-denied environments. According to a statement from CX2, Wraith is “purpose-built to weaponize the RF spectrum for forward elements in contested environments.” The company describes the […] 
The Missile Defense Agency (MDA) has awarded contracts to more than 1,000 companies as part of the initial phase of the Golden Dome initiative, a major U.S. missile defense program intended to provide layered protection against ballistic, hypersonic, and cruise missile threats. According to a Department of War announcement, this first set of awards under […] The United States Justice Department has widened its action against a major scam network in Burma, focusing on how the group used fraudulent trading sites to run large crypto investment schemes.
The latest step involved seizing the domain tickmilleas.com, which looked like a functioning trading platform but was actually tied to the Tai Chang compound, also known as Casino Kosai, in Kyaukhat.
The update came in a December 2 announcement from the DOJ’s Office of Public Affairs and builds on a series of efforts aimed at disrupting transnational online fraud linked to Southeast Asia.
The takedown followed earlier moves in the same week when two additional domains were seized after being linked to the same Burma-based compound.
These domains formed a network of sites built to mimic legitimate investment services.
Each platform carried fabricated dashboards, fake transaction logs, and simulated returns that made victims believe their funds were being actively managed.
Tai Chang is part of a system of scam compounds that operate across the region.
These complexes are often controlled by criminal networks that rely on trafficked or coerced workers to run online scams.
They have grown rapidly in countries such as Myanmar, Cambodia, Laos, and Vietnam, which have become hotspots for crypto fraud operations.
Many of the victims are targeted through trading sites that appear authentic but are designed to channel money into criminal groups.
The DOJ identified Tai Chang as having clear links to entities already sanctioned by the United States.
These include the Democratic Karen Benevolent Army and the Trans Asia International Holding Group.
Both were recently listed as Specially Designated Nationals because of their association with Chinese organised crime and their involvement in building scam centres across Southeast Asia.
Their participation has contributed to the spread of fraudulent investment operations throughout the region.
Investigators found that tickmilleas.com was deliberately designed to resemble a real investment platform.
It included dashboard features, performance charts, and false deposit records that suggested active trading.
Victims were also encouraged to download mobile applications from Google Play and the Apple App Store.
After the FBI alerted both companies, many of these applications were removed from the platforms.
Information provided by the agency also led to Meta shutting down more than 2,000 accounts across its social media platforms.
These accounts were used to direct users to the fraudulent investment sites and maintain the appearance of a legitimate trading ecosystem.
Although the tickmilleas.com domain was registered only in early November 2025, several individuals had already fallen victim to the scheme within the past month.
According to the DOJ, the platform was actively used to defraud people who believed they were participating in real crypto investments.
The site currently displays a notice confirming that it has been seized by law enforcement.
The DOJ stated that the action forms part of a broader effort to prevent US infrastructure from being used to support international fraud.
The coordinated takedowns of domains and malicious applications aim to cut off the digital channels that allow scam compounds to reach victims worldwide.
The post US crackdown exposes Burma crypto scam network using fake trading sites appeared first on CoinJournal.
A top-secret US government body called the Defense Advanced Research Projects Agency (DARPA) has launched a new solicitation seeking proposals for a high-rate, energy-efficient method of producing nitric acid directly from air and water. The initiative, known as the High-Efficiency Nitrogen Oxidation, or HNO3 program, is aimed at protecting critical U.S. defense-industrial supply chains and […] 
The United States Army has released a set of new Requests for Information aimed at advancing the Common Autonomous Multi-Domain Launcher, or CAML, a next-generation autonomous fires platform intended to reshape how the service moves, loads, and employs missile systems across future battlefields. The notices, issued through the PAE Fires CAML Product Office, outline three […] 
The United States Navy has opened a new solicitation aimed at expanding corrosion-control work across the surface fleet, outlining assessments, training, and material support for combatant and amphibious ships. The notice, released on December 2, details a program intended to help crews manage long-standing maintenance pressures that continue to affect ship readiness in the Atlantic […] 
Delphinus Engineering Inc., based in Newtown, Pennsylvania, has been awarded a $14.5 million contract to develop, fabricate, produce, integrate, and test a new sonar array and lift system for Canada’s Victoria-class submarines. According to a Department of War contract announcement, the award includes Foreign Military Sales (FMS) funds fully allocated to Canada and may grow […] 
Aerospace giant Boeing has been awarded a $104 million delivery order by the U.S. Navy for the repair of advanced cockpit display systems used in F/A-18 E/F Super Hornet and EA-18G Growler aircraft. According to a Department of War contract announcement, the order (N00383-26-F-0YY0) falls under a previously awarded basic ordering agreement (N00383-22-G-YY01). The deal […] 
BAE Systems Land & Armaments LP has secured a $184.4 million contract modification from the U.S. Marine Corps for the production of 30 Amphibious Combat Vehicle (ACV) variants equipped with medium caliber cannons. The award is part of a larger contract that could reach $3.86 billion if all options are exercised. The Department of War […] 
Read more of this story at Slashdot.
Echodyne, a radar technology company based in Washington state, announced today that California-based Zone 5 Technologies has selected its radar system for integration into the Paladin Low Collateral Effects Interceptor (LCEI), an autonomous counter-drone solution. The Paladin is the first drone of its kind to be added to the Department of War’s Blue UAS Cleared […] 
Axon Vision has entered into a new strategic cooperation agreement with Leonardo DRS to jointly pursue opportunities in advanced situational awareness, lethality, and survivability technologies for the U.S. defense market. The companies made the announcement on Monday, outlining their intention to co-develop next-generation combat systems with a strong focus on Counter-Unmanned Aircraft Systems (C-UAS). According […]
Read more of this story at Slashdot.
Login