LIVE: Nasdaq suffers record $2.3 trillion loss as AI sell-off deepens
AI and tech led yesterday’s historic US stock crash, wiping off more market capitalization within one day than any single session in history.
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Stocks
More Stocks →LIVE: Nasdaq suffers record $2.3 trillion loss as AI sell-off deepens
AI and tech led yesterday’s historic US stock crash, wiping off more market capitalization within one day than any single session in history.
Read more (2 min) →
— AI
AI insiders had already cashed out $7.4 billion before stocks crashed
Insiders across nine AI companies cashed out $7.39B across 282 SEC Form 4s long before Thursday’s sell-off.
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— CFTC
Kalshi, Coinbase stock perps under threat ahead of CFTC deadline
Tomorrow’s deadline arose after a Tuesday lawsuit filing against the Commodity Futures Trading Commission in Manhattan.
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XRP treasury firm Evernorth Holdings falls to new low
XRP digital asset treasury firm Evernorth Holdings fell to a record low close of $11.70 yesterday, a drop of 44% from its first-day high.
Read more (2 min) →Crypto
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Japanese credit unions hit by outage amid AI stock sell-off
Japan-based credit unions were disrupted by today's Shinkin Joint Center outage that took place amid a trillion-dollar AI stock sell-off.
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— breach
Gnosis Pay breach exposes customer addresses
Gnosis Pay was breached, leaking customer information, including home addresses, card numbers, and wallet addresses.
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— China
China central bank probes Solana after Shanghai shutdown, report
China’s central bank launched an investigation into Solana after an “illegal” promotional event was shutdown last month.
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— Ethereum
Ethereum Foundation sued for firing employee who opposed ‘suicide pledge’
A former Ethereum Foundation employee has filed a lawsuit against it, alleging she was terminated after opposing a "suicide pledge."
Read more (2 min) →DeFi
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— Abracadabra, DAO
Abracadabra breaks its DAO to shut down protocol
Abracadabra DAO, which once held over $6B in TVL, is to be shuttered after a second vote on a “wind down” proposal with reduced quorum.
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Abracadabra blames hacks for shutdown amid ‘looting’ claims
Abracadabra proposed “an orderly wind down,” blaming security incidents that leave its stablecoin MIM with “no viable path back to parity."
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— Compound
Compound Foundation accused of ‘misappropriating’ DAO funds
The Compound Foundation has been accused of misusing funds to boost its voting power on two key proposals.
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— Bridge
DYORSWAP users tricked into sending 767 ETH to fake bridge contract
DYORSWAP users have lost a total of $2M in ETH after a fake version of UPbit’s GIWA chain was spun up by crypto hackers.
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Videos
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