Can Nvidia fire CEO Jensen Huang over his affair?
As the scandal involving Nvidia CEO Jensen Huang and a Chinese spy escalates, there are two clear ways to oust him from the company.
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Stocks
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— AI, Alice Huang
How Alice Huang helped Nvidia with Chinese export restrictions
Congress wants answers on Nvidia’s Megaspeed ties one day after earnings, as shares sink on the alleged spy scandal and AI chip export flows.
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— Markets
Value stocks outperform growth stocks by 23%
Value stocks have demonstrated relative strength against growth stock indices, with year-to-date outperformance approaching 30 points.
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— AI
Can Nvidia fire CEO Jensen Huang over his affair?
As the scandal involving Nvidia CEO Jensen Huang and a Chinese spy escalates, there are two clear ways to oust him from the company.
Read more (4 min) →
— AI
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) →Crypto
More Crypto →
Ripple-linked Uphold faces withdrawal delays amid ‘bank run’ claims
Uphold says funds are safe, but delays, layoffs, and regulatory issues have been piling up for the crypto platform in recent months.
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Outages and other issues reported in Australia’s Big Four banks
Westpac is reporting bank outages while user reports on Downdetector suggest further issues across the rest of Australia’s Big Four banks.
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— Binance
Binance Labs-backed Initia hacked again, $3.3M lost in three weeks
Two incidents on Initia have seen a combined $3.3M lost in less than three weeks, more than the chain's remaining TVL.
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— Binance
North Korea launders Binance funds with Elon Musk memecoin, report
North Korea-linked hackers behind $6.4B Binance theft are reportedly laundering stolen funds using TRON, Solana, and NEAR-based memecoins.
Read more (2 min) →DeFi
More DeFi →
— 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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Justin Sun’s HTX has messed up reserves
HTX, the crypto exchange owned by Justin Sun, holds reserves that look very different to what customers might expect. In this video, we break down why this is. Much of…
How did Strategy buy 568,000 bitcoin
Strategy, formerly MicroStrategy, is the world’s largest corporate holder of BTC. In this video, we explain how Michael Saylor’s firm used mostly raised money rather than profits to pay for…
How Lazarus turned North Korea into a crypto hacking powerhouse
North Korea’s path to becoming a feared cyber threat starts at the end of the Korean War. This video traces how the isolated nation hacked, counterfeited, and murdered its way…