Bybit hit by $1.5B ETH theft, OKX fined $505M, Starlink races with Chinese rivals ⚡️ Hamster News
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[Music] hey hamsters the SEC loens the ring on crypto firms as investments into AI ramp up B and mind today's edition of hamster news The cryptocurrency Exchange bybit suffered the largest single digital theft in history with $1.5 billion worth of ethereum stol by hackers which went on to trigger a 3.66% price decline for the world's second largest cryptocurrency despite this The Exchange managed to process 350,000 withdrawal requests without significant delay binance's founder champing CZ ja has also rallied to support assisting the BBE CEO Ben Joe with advice on how to prevent further Financial losses on the platform quite the contrast from FTX which CZ deemed to be Beyond its ability to help I'm shocked this is shocking news okx has finally settled charges with the US Department of Justice The Exchange which is considered one of the world's largest is now paying $500 million in penalties after pleading guilty for a series of suspicious transactions and criminal proceeds and at the same time the SEC has also shared news it would be dropping its investigation into Robin Hood's crypto arm which had previously received a warning in May 2024 about potential Securities Law violations the belief is that with new leadership following president Trump's inauguration the SEC could ease up on enforcement against crypto firms in general mhm across the world in Dubai two stable coins have gained recognition under the city's crypto token regime this approval allows financial institutions and FX in the DFC to integrate usdc and EC into their operations nice investments into AI continue with the announcement of e-commerce giant Alibaba that it will invest more than $52 billion in a 3year span it is worth noting that at this point in time no exact invest figure was agreed upon Elon musk's starlink a satellite based internet service is now facing some pretty major competition China's State back space sale and Amazon's project kper are ramping up Investments with Beijing I up Leo satellites unfortunately this now calls into question the larger concern of global censorship mhm very interesting that's all for today thanks for watching subscribe and remember h hamsters are power one for all and all for one bye
