Crypto Hardware Wallets Hit in Estimated $70 Million AttackCrypto hardware maker Ledger SAS said it’s investigating reports that a number of users had seen a “loss of funds” from their wallets, knocking the industry further as attacks continue to pepper a technology once considered impervious to digital theft.
ECB Strives for Wide Use of Digital Euro From First IssuanceThe European Central Bank would like euro-area consumers to be able to use digital euros in all online shops, some physical stores and to make payments to each other right from the start, according to a presentation seen by Bloomberg.
Mastercard CEO Sees Cross-Border Payments as Top Stablecoin UseCross-border payments are currently the clearest use case for stablecoins and are where Mastercard Inc. is seeing the most traction for the new form of digital money, according to Chief Executive Officer Michael Miebach.
S&P 500 Rises to Near-Record Level Before Earnings: Markets WrapWall Street traders betting on a solid earnings season sent stocks to a striking distance of their all-time highs, defying concerns about still-elevated energy costs and bond yields.
Citrini Says Agentic Finance Fosters ‘New Paradigm’ for Crypto InvestingCitrini Research is making the case that a “new paradigm of ‘fundamental crypto investing’” has arrived because agentic finance will be built on top of blockchains.
Nvidia-Backed Firmus IPO Collapses as AI Valuation Concerns GrowFirmus Grid Ltd. abandoned its attempt at one of Australia’s biggest-ever initial public offerings, after the Nvidia Corp.-backed data center company failed to lure global investors who’ve grown increasingly skittish over frothy AI valuations.
Currency Slide Tests Venezuela as Rodríguez Touts AdjustmentVenezuela’s bolivar weakened past 1,000 per dollar in the parallel market for the first time, testing authorities’ efforts to contain its slide amid declining government sales of hard currency.
Revolut’s Storonsky Says He’s Coming for JPMorgan’s US CrownRevolut Ltd. Chief Executive Officer Nik Storonsky said he wants the digital bank to compete with firms including JPMorgan Chase & Co. and American Express Co. in the US, as well as hold a primary listing in the country if it chooses to pursue a public offering in the future.
AI Darlings, Defense Shares Most at Risk as US Midterms NearArtificial-intelligence regulation, along with government spending on healthcare and defense are emerging as equity investors’ chief points of focus as the final month of the US midterm campaign kicks into high gear.