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Kraken, Coinbase User Hit by $6.7M Crypto Theft and Laundering

TLDR A Kraken and Coinbase user lost about $6.7 million after attackers drained crypto from both exchange accounts. The stolen assets included Ethereum, Bitcoin, and cbBTC withdrawn in a short and coordinated series of transactions. On-chain analyst Specter traced the stolen funds to new wallet addresses across the Ethereum and Bitcoin networks. Attackers moved about $5.3 million of the stolen crypto through Tornado Cash to obscure transaction trails. Early reports suggested a physical attack, but later analysis indicated no evidence of coercion. The method used to access the victim’s exchange accounts has not been confirmed. A crypto user has lost about $6.7 million after attackers drained accounts linked to Kraken and Coinbase. The stolen assets included Ethereum, Bitcoin, and cbBTC , according to blockchain tracking data. The incident involving Kraken has raised fresh concerns about exchange account security and targeted attacks. Kraken Account Drained Alongside Coinbase ...
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Strategy (MSTR) Stock Surges on TD Cowen’s $400 Price Target After Massive Bitcoin Acquisition

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Key Takeaways Analyst Lance Vitanza from TD Cowen boosted Strategy’s price target to $400 from $395, maintaining a Buy rating with potential 143% gains ahead. In a single week from May 11-17, Strategy acquired 24,869 Bitcoin worth approximately $2.01 billion, marking one of 2024’s largest purchases. Strategy’s Bitcoin treasury now stands at 843,738 BTC — representing over 4% of the cryptocurrency’s fixed 21 million coin supply. The firm successfully retired approximately $1.5 billion in convertible notes at an 8% discount, strengthening its financial position. Analysts maintain a Strong Buy consensus rating with an average target of $324.67, suggesting roughly 97% potential upside. TD Cowen analyst Lance Vitanza has increased his price target on Strategy (MSTR) to $400, nudging up from his previous $395 forecast, while maintaining his Buy recommendation on the stock. At current trading levels, this target represents approximately 143% potential appreciation. Strategy Inc, ...
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Corporate America Delivers Strongest Quarterly Results in Half a Decade

Key Takeaways First-quarter earnings per share for S&P 500 firms are up 26% compared to last year, marking the best performance since 2021 Nearly two-thirds of reporting companies exceeded both profit and revenue forecasts, the strongest showing in half a decade Leading technology companies increased their 2026 infrastructure investment guidance by $50 billion versus analyst projections Combined capital expenditures from major cloud providers could surpass $800 billion in 2026, representing a 67% annual increase Investor attention centers on Nvidia’s quarterly report for insights into artificial intelligence momentum and infrastructure investment trends With over 90% of S&P 500 constituents having disclosed their first-quarter financials, Bank of America analysts characterize the reporting period as the most robust since 2021. Year-over-year earnings per share expansion has reached 26%. When accounting adjustments from Amazon, Meta, and Google are excluded, the growt...
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Nvidia (NVDA) Faces Gaming Chip Ban in China Amid High-Stakes Trump Summit

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Key Takeaways The Financial Times reports China has prohibited Nvidia’s RTX 5090D V2 gaming chip The prohibition appeared on customs lists during the Trump-Xi diplomatic summit Jensen Huang, Nvidia’s CEO, attended the summit meetings While marketed to gamers in China, AI developers had been leveraging the chip The company faces fiscal Q2 earnings expectations of $1.77 EPS and $78.97B in revenue In a surprising development, China has silently prohibited one of Nvidia’s gaming processors while both President Trump and company chief Jensen Huang were attending diplomatic meetings in the nation. According to a Friday report from the Financial Times, the RTX 5090D V2 appeared on China’s customs prohibited goods registry. The publication referenced two sources familiar with the situation. Shares of Nvidia (NVDA) declined 0.77% following the revelation. NVIDIA Corporation, NVDA The RTX 5090D V2 made its debut last August. The chip was engineered specifically to meet U.S. expo...
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Alibaba (BABA) Launches Zhenwu M890 Chip to Challenge Nvidia’s AI Dominance

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Key Highlights Alibaba introduced the Zhenwu M890 processor, delivering triple the computational power of the earlier 810E model, designed specifically for agentic AI applications. T-Head, Alibaba’s chip design division, engineered the processor, which is now accessible to enterprise clients in China through the Alibaba Cloud platform. The company outlined an ambitious chip development timeline featuring the V900 (arriving Q3 2027) and J900 (scheduled Q3 2028), each targeting approximately 3x performance improvements. Qwen 3.7-Max, Alibaba’s enhanced language model, was simultaneously launched with capabilities for sophisticated coding tasks and sustained agent operations lasting up to 35 hours. Cumulative Zhenwu shipments have surpassed 560,000 units, serving more than 400 enterprise clients spanning 20 different sectors. Alibaba introduced a domestically developed AI processor and an enhanced version of its premier large language model this Wednesday, reinforcing its commit...
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21+ Best Crypto Crash Casinos & Gambling Sites: Top Picks Ranked & Reviewed

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Crypto crash games have taken the online gambling world by storm, offering an exciting blend of strategy, timing, and potential rewards. These games feature a multiplier that rises until it “crashes,” with players aiming to cash out before that crucial moment. In this guide, we explore the top crypto crash sites that deliver exceptional user experiences, provably fair gaming , and attractive bonus offers. We’ve evaluated these platforms based on several key factors including game fairness, withdrawal speeds, available cryptocurrencies, user interface, and mobile compatibility. Each site has been thoroughly vetted to ensure it meets our strict standards for security and reliability. We have personally tested and reviewed each site on the list, you can read our in depth reviews below. Let’s dig in… Best Crypto Crash Sites Casinos Zunabet Massive game library with 11,294 titles from 63 providers Accepts 20 different cryptocurrencies with multiple ...
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