U.S.-Listed Bitcoin Miner Cango Closes $75M Financing Round for AI Expansion The $65 million equity placement was purchased by entities controlled by Chairman Xin Jin and Director Chang-Wei Chiu. The transaction issued 49,242,424 Class A ordinary shares, with proceeds settled in USDT. The deal fulfilled definitive agreements the company announced Feb. 12, 2026, and closed…
Drift Protocol said it was investigating unusual activity on April 1 and urged users not to deposit funds, according to a post on X. Drift Protocol is experiencing an active attack. Deposits and withdrawals have been suspended. We are coordinating with multiple security firms, bridges, and exchanges to contain the incident. This is not an…
Cybersecurity researchers have discovered a brand new malware threat called CrystalX RAT, which is making its way around private hacker group chats and forums. What sets CrystalX RAT apart from other malware? It’s an all-in-one hacker tool that includes data stealing and spyware capabilities. Furthermore, perhaps just in time for April Fools’ Day, CrystalX RAT…
The average transaction fee on the Bitcoin network has fallen below $0.40 for the first time since 2017, according to on-chain data shared by analyst Darkfost. The drop is markedly different from other times in the past when low costs were triggered by low usage, as it has come while daily transaction counts are still…
The US Food and Drug Administration on Wednesday approved a new obesity pill called Foundayo. Taken once daily, the pill is made by pharmaceutical company Eli Lilly, which also manufactures the popular weight-loss injection Zepbound. Foundayo is a type of medication known as a GLP-1, a category that includes rivals Ozempic and Wegovy. These drugs…
Court Order Concludes CFTC Case Against FTX’s Former Head of Engineering The U.S. derivatives regulator took enforcement action against a former crypto executive as part of a broader fraud case. The Commodity Futures Trading Commission (CFTC), an independent federal agency overseeing U.S. derivatives markets, announced on April 1 that it resolved its action against former…
Paradigm is building a pro‑grade prediction market terminal, eyeing an internal MM unit and S&P‑style index product as Kalshi’s valuation jumps to $22B on surging volumes. Summary Paradigm is developing a professional-grade prediction market terminal targeting institutional traders and market makers. The firm is also exploring an internal market-making unit and an index product bundling…
In an effort to regain its popularity, celebrity greeting app Cameo launched a new TikTok integration that allows U.S. creators to offer personalized Cameo videos directly to their fans through the short-form video app. The new partnership aims to help creators increase their earnings while simplifying the process for fans to request Cameo videos. Creators…
SpaceX has confidentially filed for an initial public offering, moving Elon Musk’s rocket and satellite company closer to what could become the largest listing in history, according to a Bloomberg report. The filing is the clearest step yet in an IPO process that had already been signaled through earlier reports on timing, bank mandates, and…
Iran has threatened multiple US tech giants in the Middle East, escalating tensions and raising fears of AI-driven warfare turning physical. The post Iran Threatens to Attack Apple, Google, and Other US Tech Firms in Middle East appeared first on TechRepublic. Source link
