Resources for this episode available at 505updates.com.

From Edwin Kwan in Sydney, Australia: Security researchers have discovered two spyware in the Google Play Store that have been installed by up to 1.5 million users. Both apps have similar malicious behaviors, such as launching silently without any user interaction.

From Katy Craig in San Diego, California: In a jaw dropping twist, approximately $126 million worth of crypto assets has vanished from Multichain's accounts in what could be a classic case of a rug pull. The incident left experts scratching their heads and investors clutching their virtual wallets. 

From Hillary Coover in Washington, DC: Massachusetts is considering a groundbreaking law that would ban the sale of location data collected from mobile phones used within the state. The proposed Location Shield Act would also require law enforcement to obtain a warrant before accessing such data.

From Ian Garrett in Arlington, Virginia: Even recession-proof industries are feeling the squeeze when it comes to funding. While cybersecurity has traditionally been shielded from downward funding trends, it is now seeing a major shift from investors. With that, you may be wondering how bad is the decline. 

From Marcel Brown in St. Louis, Missouri: July 11th, 2008. Apple's second iPhone, the iPhone 3G goes on sale. The higher speed 3G data capability certainly helped the iPhone solidify its status as the premier smartphone of the time. 

From Sourced Network Production in New York City. "It's 5:05". I'm Pokie Huang. Today is Tuesday, July 11th. Here's the full story behind today's cyber security and open source headlines...