AI
Rowspace launched with $50 million in funding to build artificial intelligence tailored for private equity decision-making. The capital signals growing investor conviction that vertical AI systems anchored in proprietary financial data can outperform general-purpose tools. Rowspace launches with $50M to turn institutional knowledge into compounding edge for finance/PRNewswire/ --
Finance
US prosecutors moved Wednesday to block a retrial request from former FTX CEO Sam Bankman-Fried. The filing reinforces the government’s position that the 2023 fraud conviction tied to the collapse of FTX was supported by overwhelming evidence. Bankman-Fried is currently serving a 25-year prison sentence after a jury found
Security
Bonk.fun’s official website was briefly hijacked Wednesday, exposing users to a wallet-draining exploit. The incident highlights persistent security risks in fast-growing memecoin launch platforms across the Solana ecosystem. The platform confirmed the breach through its official X account. According to operators, a malicious actor gained control of the
Finance
OP Labs cut roughly 20% of its workforce this week. The reduction comes as Optimism restructures development priorities during a critical phase for its Ethereum Layer 2 ecosystem. The layoffs affect 20 employees. A screenshot shared by Optimism co-founder and OP Labs CEO Jing Wang showed 102 members in the
AI
Industrial robotics could soon take on more dangerous jobs as a new partnership between technology firms aims to deploy intelligent machines capable of operating in harsh environments. Edge computing company ADLINK Technology and robotics developer Under Control Robotics have announced a joint development agreement to build advanced AI-powered robots for
DeFi
Mastercard has recruited more than 85 cryptocurrency firms and financial companies into a new partner program designed to integrate stablecoin payments into its global network. The initiative signals a strategic effort by card schemes to remain central to digital payments as blockchain settlement systems expand. Participants in the program include
Security
Indian authorities have arrested a suspect linked to the long-running GainBitcoin crypto fraud, a scheme investigators say misappropriated billions in digital assets. The arrest marks a new phase in a case that has shaped India’s approach to cryptocurrency enforcement. India’s Central Bureau of Investigation confirmed the arrest of
Finance
Angel investors in the SocialFi platform Fantasy.top say roughly $50,000 in early funding remains unresolved after the project generated millions in revenue. The dispute has triggered accusations of a “soft rugpull,” highlighting governance tensions that often surface in crypto startups built around pseudonymous teams. The controversy began when
How Binance Brings TradFi Markets Into Crypto Binance has been steadily expanding beyond pure crypto trading. Today, the exchange also lets users speculate on a range of traditional finance (TradFi) assets, including commodities and major U.S. stocks. The key difference is how these assets are offered. Traders don’t
Security
Security researchers say a flaw in some Android devices could allow attackers to extract crypto wallet seed phrases in under a minute. The vulnerability targets phones using MediaTek processors, potentially affecting a large portion of the Android ecosystem. The issue was identified by the Donjon security research team at Ledger.
AI
Manulife expects artificial intelligence initiatives to generate more than $1 billion in value by 2027 as it moves AI agents into internal financial workflows. The shift signals how large financial institutions are pushing beyond experimental AI pilots toward operational automation. The Canadian insurer Manulife is developing an internal runtime platform
Politics
U.S. prosecutors are examining whether more than $1 billion in cryptocurrency transactions tied to Iranian networks moved through Binance. The probe adds new pressure on the world’s largest exchange as regulators scrutinize crypto’s role in sanctions enforcement. The investigation by the U.S. Department of Justice focuses