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A single cross-border laundering method has quietly become the backbone of South Korea’s crypto crime wave, accounting for $6.4 billion of the $7.1 billion in illegal crypto transactions recorded in the country since 2021. And despite knowing exactly how it…
Coinsbuy reportedly suffered a $7.9 million crypto theft. Wallets linked to the crypto payments platform were drained across Ethereum (ETH) and Tron (TRX). Blockchain investigator Specter Analyst first highlighted the incident through Telegram. Coinsbuy Pauses Transfers After Reported Hack Specter…
Morgan Stanley raised its price target on Chinese AI startup Zhipu by nearly 72% on Thursday, sending the stock up and capping a five-day run where the company gained over 37%. The bank says China’s AI industry is leaving the…
Gold (XAU) futures on Binance recorded one of their strongest trading days in four months on Friday. The surge followed a July jobs report that missed expectations. The move came alongside a broader gold rally, which ended a four-month losing…
South Korea’s financial regulators wanted to calm a volatile stock market as they cracked down on leveraged ETFs. However, they have made it more chaotic instead. Crackdowns on leveraged ETFs tied to Samsung Electronics and SK Hynix, which required retail…
When Washington blocked China from buying advanced chips, the goal was to slow Beijing’s AI ambitions. It may have accelerated them instead. CXMT Corp, a memory chipmaker once dependent on foreign technology, debuted on Shanghai’s STAR Market last month and…
The common view says open-weight AI is bad news for frontier labs like OpenAI and Anthropic. ARK Invest’s Cathie Wood argues the opposite. An open-weight AI model is one in which the creator releases the underlying parameters publicly. It allows…
Asian stocks edged higher Monday and the probability of a September US rate hike dropped sharply, giving global markets room to extend last week’s record run. The calm has one clear expiry date: Wednesday’s inflation report. Japan’s Nikkei and South…
Airbnb stock hit a four-year high on Friday, gaining 17% after its CEO made one of the clearest corporate arguments yet for what AI can actually deliver. Brian Chesky did not just claim AI mattered: he showed investors the number.…
Kraken is entering the final stage of its latest delisting cycle, giving holders of 21 tokens until August 27 at 14:00 UTC to withdraw their assets. Afterwards, the exchange begins automatically liquidating remaining balances into markets it warns may have…
Top Wall Street analysts at Bank of America, JPMorgan and Oppenheimer have identified three AI stocks they believe remain well-positioned for further gains following strong quarterly earnings. Their bullish outlooks reflect expectations that AI investment will remain strong despite ongoing…
Dollar-backed stablecoins have taken over crypto payment cards. USDC (USDC) and Tether (USDT) together account for roughly 84% of card spending. The split reverses a market that was dominated by euro tokens less than two years ago. The shift coincided…
