Business – Page 180 – PK Press Club

How North Korean spies spent months in person draining $285 million from Drift

North Korean government-backed hackers are becoming more sophisticated, more precise, and now account for more than 76%, or nearly $600 million, of crypto losses this year alone. The $285 Drift Protocol exploit, for example, involved what TRMLabs describes as a lengthy and “unprecedented in-person social engineering” attack. This included months of in-person meetings between North […]

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Banks scramble to slow down stablecoin law as Agora enters charter race

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Latest developments: Banking groups want regulators to slow down the deployment of the Genius Act. Major U.S. banks have requested extended public comment periods before full implementation. Nick van Eck, CEO of Agora, said the move was “not really a surprise,” calling the law one of the most important in the history of the banking

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From Cathie Wood to Cantor Fitzgerald, big money is betting that Robinhood’s (HOOD) crypto crisis is just a temporary speed bump.

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Robinhood’s (HOOD) nearly 12% decline since its big earnings miss has been written off by some major investors and Wall Street analysts. The popular trading platform missed its first-quarter profit and revenue estimates on April 28, mainly due to weak crypto trading activity. The market punished the stock, but Cathie Wood’s Ark Invest saw this

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Decompose Sui (SUI)

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In today’s newsletter, Canary Capital’s Josh Olszewicz introduces the Sui blockchain and discusses its potential impact on the adoption and optimization of Web3 for consumer applications. Special alert: Are you going to Consensus Miami? Don’t miss the closed-door Wealth Management Day on May 6. A special side event is planned, dedicated to advisors. Participation is

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Anchorage Digital and M0 partner to power the next wave of regulated stablecoins

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Anchorage Digital, the first federally chartered crypto bank in the United States, has chosen M0 as its primary technology provider, a move designed to transform the custodian into a primary engine for institutions seeking to mint and manage regulated stablecoins. San Francisco-based Anchorage is looking to expand its issuance platform through M0 and opens the

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Senator Warren questions Commerce Secretary Lutnick about lending Tether to his family

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U.S. Commerce Secretary Howard Lutnick, the former CEO of Cantor Fitzgerald who manages Tether’s U.S. finances, was questioned by Senate Democrats over reports that a trust linked to his children received a loan from Tether intended to help finance Lutnick’s sale of his stake in the company to his children. Senators Elizabeth Warren, who is

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Gemini shares climb on potential market challenge to predictions for Kalshi, Polymarket and Hyperliquid

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Gemini Space Station (GEMI), the crypto exchange run by Cameron and Tyler Winklevoss, has received approval from the US Commodity Futures Trading Commission (CFTC) for a Derivatives Clearing House (DCO) license, allowing it to enter the regulated derivatives and prediction markets of the fastest growing and most contested crypto sector. The approval allows Gemini to

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Polymarket-linked bet on French weather forecasts major data glitch

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A few weeks ago, abnormal temperature peaks at a Météo-France station near Paris-Charles de Gaulle (CDG) triggered a criminal complaint and an investigation. According to French media, the results were linked to Polymarket bets that generated tens of thousands of dollars in winnings. Whether the complete mechanics is ultimately proven exactly as expected is almost

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Polymarket Taps Chainalysis to Bring Wall Street-Level Oversight to Crypto Prediction Markets

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Crypto-based prediction market Polymarket has tapped blockchain analytics firm Chainalysis to monitor trading activity and enforce its market rules, as part of its efforts to address concerns about insider trading and market integrity. Chainalysis offers a suite of tools, including investigative software and on-chain monitoring systems, to flag suspicious behavior, based on a model designed

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Coinbase (COIN) Launches Tokenized Stablecoin Credit Fund on Solana, Ethereum, Base

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The asset management arm of Coinbase (COIN) announced on Thursday the deployment of a credit fund linked to stablecoin markets, with the intention of offering investors access to the chain via a tokenized share class. The fund, called Coinbase Stablecoin Credit Strategy (CUSHY), targets institutional investors seeking yield on lending activities related to digital assets.

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