US SEC Fines Galois Capital for FTX Crypto Custody
The US SEC has charged Galois Capital Management, a fund adviser, with failing to correctly custody client assets. The charges for Galois Capital Management include holding investor funds with the now-defunct cryptocurrency exchange FTX. According to reports, the collapse of FTX resulted in the capital management firm losing approximately half of its assets. US SEC […]
Bitcoin network hashrate Peaks new all-time high
Bitcoin network hashrate, a closely related yet distinct metric, is currently at 89.4 trillion and historically high levels. On September 1, 2024, the Bitcoin network hashrate, the total computing capacity that secures the Bitcoin network, reached a new all-time high of over 742 exahashes per second (EH/s). The Bitcoin network hashrate has been consistently increasing […]
Penpie Protocol Suffers $27M Loss Due To Recent Hack
The Penpie protocols were victims of a digital asset hack on Sept. 3, 2024, and $27 million in client funds were drained. At the time of this writing, the Penpie protocol , an independent decentralized finance protocol constructed on top of Pendle, was the victim of an exploit on Sept. 3, 2024, resulting in the […]
North Korean Hackers Attack Crypto Market, ETFs At Stake?
The FBI has warned Bitcoin ETF issuers and crypto firms about North Korean hackers’ potential to capture users’ digital assets. The Federal Bureau of Investigation (FBI) has identified potential attempts by North Korean hackers to compromise the spot Bitcoin ETF issuers. The agency emphasized the potential iterations and recent attempts of the schemes that are […]
Nvidia Drops 10% As US DOJ Expands Antitrust Probe
The US DOJ escalates its antitrust investigation by issuing a subpoena to investigate Nvidia’s dominance in the AI computing market, resulting in a 10% decline in its stock. Today, Nvidia is one of the most underperforming securities in the US equity market, with a loss of nearly 10% of its value. The stock has experienced […]