News

Adoption · 2 weeks ago Meta's Muse AI App Ranks 4th on App Store in First Day of Launch Meta's new AI app, Muse, achieved the number 4 spot on the App Store within 24 hours of its launch on September 8, 2023. The app is designed to function as a personal AI agent, handling various tasks on behalf of users.

Hacks & Exploits · 2 weeks ago Medusa Ransomware Targets Over 500 U.S. Organizations Across Multiple Sectors The Medusa ransomware group has breached more than 500 organizations in the U.S., affecting critical sectors including healthcare and defense, according to CISA.

Compliance · 2 weeks ago NJ Lenders Corp Settles Data Breach Lawsuit, Offers Up to $2,500 to Affected Customers NJ Lenders Corp has reached a settlement in a class action lawsuit regarding a data breach that exposed customer information, offering payouts of up to $2,500 to approximately 35,000 affected individuals.

Stablecoins · 2 weeks ago Pi Network Sees Price Recovery Above $0.098 Amid Developer Focus Pi Network's token, PI, has rebounded to over $0.098, supported by a push for enhanced developer tools and the restoration of cash-in features by OpenPay.

Macro · 2 weeks ago Strive Increases Dividend Burden by $12 Million After Buying Bitcoin Strive has added nearly $12 million to its annual dividend obligations following the issuance of new preferred shares to fund Bitcoin purchases, raising its total holdings to over 24,500 BTC.

Companies · 2 weeks ago Reserve Bank of India Implements Currency Swaps to Manage Excess Liquidity The Reserve Bank of India has initiated currency swaps to address a significant surplus of rupee liquidity in the banking sector, a result of successful foreign-currency deposit schemes.

Macro · 2 weeks ago UK Petrol Prices Surge Amid Ongoing Iran Conflict and Rising Oil Costs UK petrol prices have increased by approximately 5p per litre in just one week, reflecting the impact of the ongoing conflict in Iran and rising global oil prices.

Compliance · 2 weeks ago Malone Lam Pleads Guilty in $245 Million Cryptocurrency Theft Case Malone Lam, a 22-year-old from Singapore, has pleaded guilty to leading a $245 million cryptocurrency theft ring that utilized social engineering tactics to defraud victims.

Macro · 2 weeks ago Millennium Management Opens New Office in Athens, Greece Millennium Management has established a new office in Athens, marking a significant move for the hedge fund as Greece becomes an attractive destination for financial firms.

Policy · 2 weeks ago Germany to Implement 25% Tax on Crypto Gains Starting in 2027 Germany's Finance Ministry plans to introduce a 25% tax on cryptocurrency gains from 2027, ending the current tax-free holding period for investors.

Companies · 2 weeks ago Covenant Launches Missile Factory in Dallas with $250 Million Backing Covenant, a defense startup, has unveiled a new missile manufacturing facility in Dallas, Texas, backed by over $250 million in funding. The company aims to produce its Anthem cruise missiles at a rapid pace to meet growing defense needs.

Hacks & Exploits · 2 weeks ago Russian Strikes on Mykolaiv Port Infrastructure Escalate Conflict Russian forces have intensified their attacks on Mykolaiv's port infrastructure, impacting Ukraine's logistics and civilian safety amid ongoing conflict.

Funding · 2 weeks ago Zankore Secures $3.1 Billion Financing for AI Infrastructure in Indonesia Zankore has secured a $3.1 billion loan to establish a significant AI infrastructure in Indonesia, marking a major milestone in the Asia-Pacific region's AI sector.

Macro · 2 weeks ago U.S. Treasury Secretary Bessent Challenges Yen Traders Amid Currency Intervention U.S. Treasury Secretary Scott Bessent boldly challenged currency traders to bet against his efforts to strengthen the yen, citing his collaboration with Japanese officials and insights into the Bank of Japan's strategies.

Compliance · 2 weeks ago EU Court Upholds Use of Frozen Russian Assets to Support Ukraine The European Union court has dismissed Hungary's attempt to block profits from frozen Russian assets intended for Ukraine's military support, reinforcing the EU's financial backing amid ongoing conflict.

Derivatives · 2 weeks ago Middle East Strikes Drive Oil Prices Toward $100, Goldman Sachs Updates Forecasts Recent strikes in the Middle East have pushed oil prices closer to $100 per barrel, prompting Goldman Sachs to revise its forecasts upward amid rising supply concerns.

Stablecoins · 2 weeks ago US Treasury Targets Iran's Crypto Use to Evade Sanctions The US Treasury's OFAC has designated Iran's digital asset sector as sanctionable, intensifying efforts to combat sanctions evasion involving Bitcoin and USDT.

Derivatives · 2 weeks ago HTX Celebrates 13th Anniversary with Major User Engagement Campaigns HTX marks its 13th anniversary with a month-long celebration, featuring user rewards and expanded trading options, resulting in significant engagement and trading volume growth.

Markets · 2 weeks ago Anthropic Faces Scrutiny as Researchers Warn of AI Risks and Withhold New Model from UK Testers Anthropic has withheld its latest AI model from UK testers amid growing concerns about AI safety, as researchers raise alarms over the potential existential risks posed by advanced AI systems.

Macro · 2 weeks ago Brent Crude Approaches $100 Amid Strengthening Yen and Rate Hike Speculations Brent crude oil prices are nearing $100 per barrel as the Japanese yen strengthens against the dollar, driven by expectations of a potential Bank of Japan rate hike.