SpaceX’s biggest stock unlocks are still ahead
The $207B unlock of SpaceX stock this month broke its all-time record, and June 2027 could be 3x larger.
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Stocks
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Can the pivot to AI save crypto miners?
Over the past year, several firms have decided to move away from mining crypto and transition their infrastructure to focus on AI.
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SpaceX’s biggest stock unlocks are still ahead
The $207B unlock of SpaceX stock this month broke its all-time record, and June 2027 could be 3x larger.
Read more (2 min) →
— AI
AI stock Innodata crashes 25% on job cuts, lost contract
Innodata lost a quarter of its market cap after laying off nearly 550 workers in India over a "ramp-down" in a customer contract.
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— AI
Anthropic outranks most IPOs in history
Anthropic’s IPO filing is a mixed bag, setting nominal records among historical IPOs for losses, revenue retention, and accumulated deficit.
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China’s $340B AI bubble has popped — and the charts prove it
China's AI stock bubble is popping, and the data is overwhelming. Since its peak in June, China’s Star 50 AI stock index has declined 42%.
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— HTX
Justin Sun’s HTX exits UK following FCA court order
The FCA reached the settlement with Huobi Global S.A. following legal proceedings over alleged breaches of UK financial promotion rules.
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ECB President Christine Lagarde to step down nine months early
Lagarde's departure could allow the European Council to appointing a successor before France’s upcoming presidential election.
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— Bithumb
Coinbase and Bithumb users hit by data leaks
Coinbase says only a “small subset" of users were affected by Amplitude's breach, and that customer funds weren't impacted.
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.
Read more (2 min) →Latest Charts
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Gemini stock reaches record low, down 89% since IPO
— aifc
Trump-associated ALT5 Sigma down 96% since WLFI deal
Bank of America hit with $1.2B fine after missing ‘Chinese money laundering’
— Bitcoin
CHART: Time taken for the average US worker to earn one BTC tops 12 months
Trump-related American Bitcoin has lost more than 90% of its value
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…