Elon Musk's plan to cut $1 trillion in government spending by May has sparked intrigue and scepticism. Critics question its feasibility, citing legal hurdles and potential layoffs. Is this a visionary reform or an unrealistic ambition?
CatherineSenator Bernie Moreno criticised former SEC Chairman Gary Gensler, calling him "one of the stupidest people in government" during a hearing. Gensler's departure followed Trump’s promise to remove him, amid frustrations in the crypto community over his aggressive regulatory stance.
AnaisHashKey Group and Bosera Asset Management are launching the world's first tokenised money market ETFs in Hong Kong, offering a digital version of traditional money market funds. The tokenisation promises improved transparency, liquidity, and efficiency, targeting both traditional investors and the growing DeFi community.
WeatherlyBlockchain investigator ZachXBT reports over $46 million lost to phishing scams targeting Coinbase users in two weeks, including a single 400 BTC theft worth $34.9 million. With tactics like address poisoning and wallet spoofing on the rise, will losses keep growing?
CatherineThe Trump family has launched American Bitcoin, an industrial-scale mining venture in partnership with Hut 8 Corp., aiming to become the most efficient Bitcoin miner in the US. The move has generated significant market interest, with Hut 8 transferring 60,000 mining machines to the new company and Eric Trump taking on the role of Chief Strategy Officer.
JoyElon Musk denied US government plans to adopt Dogecoin, stating D.O.G.E. was named through online consultations to improve efficiency. Following his remarks, Dogecoin's price fell nearly 10% in a week. Is Musk’s support for the meme coin fading?
KikyoThe Busan District Court sentenced the leader of a $416K crypto fraud to 4.5 years in prison, with shorter terms for his two accomplices. They deceived investors with false claims of a 30% monthly return algorithm, exploiting their crypto ignorance.
CatherineA new Android malware, Crocodilus, uses social engineering and fake overlays to steal crypto wallet seed phrases, bypassing security features. Targeting users in Spain and Turkey, it has remote access capabilities and can bypass two-factor authentication.
WeatherlyA day after SIR.trading lost $355,000 to a hack, its founder pleaded for a partial fund return. With the platform’s future hanging in the balance, will SIR.trading really meets its demise if the hacker refuses to comply?
KikyoOpenAI raised $40 billion in a record funding round led by SoftBank, boosting its valuation to $300 billion. The investment comes as the company plans an open-weight AI model release and faces pressure to restructure into a for-profit entity.
Anais