Home Blog Page 193

Verus-Ethereum Bridge hit by second hack as $7.54M vanishes

0
Verus-Ethereum Bridge hit by second hack as $7.54M vanishes


The Verus-Ethereum Bridge has been hacked… again. The latest attack reportedly exploited the same weakness used before, which raises the question: is the bridge truly safe?

Verus-Ethereum bridge drained of $7.54M 

Blockchain security firm Blockaid detected a new attack on the Verus-Ethereum Bridge on the 23rd of July. According to the firm, the attacker exploited the bridge’s import process to release funds without depositing matching assets on the source chain.

verus-ethereumverus-ethereum
Source: Blockaid

On-chain data shows that the exploit occurred at 03:45 UTC. Around 1,137 Ethereum [ETH], along with tBTC, USD Coin [USDC], Tether [USDT], EURC, Maker [MKR], and Savings crvUSD [scrvUSD], were transferred to an attacker-controlled wallet. Etherscan valued the main outflows at approximately $7.54 million at the time.

Blockaid noted that although the attacker used a different wallet and transaction, they still targeted the same bridge contract, entry path, and likely bug category as in the May breach. 

Attack similar to May’s $11.58 million exploit



Source link

Best CD rates today, Thursday, July 23, 2026: Lock in up to 4.20% APY

0
Best CD rates today, Thursday, June 25, 2026: Lock in up to 4% APY


Find out which banks are offering the best CD rates right now. If you’re looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely.

Learn more about where CD rates stand today and how to find the best rates available.

CD rates are relatively high compared to historical averages. That said, CD rates have been on the decline since last year when the Federal Reserve began cutting its target rate. The good news is that several financial institutions offer competitive rates of 4% APY and up, particularly online banks.

Today, Thursday, July 23, 2026, the highest CD rate is 4.20% APY. This rate is offered by Sallie Mae on its 2-year CD.

Here is a look at some of the best CD rates available today from our verified partners:

The Federal Reserve began decreasing the federal funds rate in light of slowing inflation and an overall improved economic outlook. It cut its target rate three times in late 2024 by a total of one percentage point.

Back in December, the Fed announced its third rate cut of 2025. However, it’s now unlikely the Fed will cut rates again in 2026. So far this year, the Fed has left rates unchanged, and a rate increase is growing more likely before the year’s end.

The federal funds rate doesn’t directly impact deposit interest rates, though they are correlated. When the Fed lowers rates, financial institutions typically follow suit (and vice versa). So now that the Fed has lowered rates and kept them low, CD rates are trending lower again. That’s why now may be a good time to put your money in a CD and lock in today’s best rates.

The process for opening a CD account varies by financial institution. However, there are a few general steps you can expect to follow:

  • Research CD rates: One of the most important factors to consider when opening a CD is whether the account provides a competitive rate. You can easily compare CD rates online to find the best offers.

  • Choose an account that meets your needs: While a CD’s interest rate is a key consideration, it shouldn’t be the only one. You should also evaluate the CD’s term length, minimum opening deposit requirements, and fees to ensure a particular account fits your financial needs and goals. For example, you want to avoid choosing a CD term that’s too long, otherwise you’ll be subject to an early withdrawal penalty if you need to pull out your funds before the CD matures.

  • Get your documents ready: When opening a bank account, you will need to provide a few pieces of information, including your Social Security number, address, and driver’s license or passport number. Having these documents on hand will help streamline the application process.

  • Complete the application: These days, many financial institutions allow you to apply for an account online, though you might have to visit the branch in some cases. Either way, the application for a new CD should only take a few minutes to complete. And in many cases, you’ll get your approval decision instantly.

  • Fund the account: Once your CD application is approved, it’s time to fund the account. This can usually be done by transferring money from another account or mailing a check.

Read more: Step-by-step instructions for opening a CD



Source link

Live markets: Bitcoin trades above $65,000 as Alphabet’s bigger AI bill props up the chip trade

0
Live markets: Bitcoin trades above $65,000 as Alphabet's bigger AI bill props up the chip trade

Bitcoin traded near $65,400 on Thursday, down 0.3% on the day and up 1.4% on the week, per CoinDesk data.

The market stayed quiet through Alphabet’s earnings, the report the whole week had been waiting on for a read on AI spending.

Alphabet delivered a split verdict. Revenue rose 24% to $119.8 billion and cloud grew 82%, both ahead of expectations, but the company lifted its 2026 capital spending forecast again, to $195 billion to $205 billion from $180 billion to $190 billion, citing a “supply-constrained” scramble to meet AI demand.

Its stock fell after hours as investors weighed the heavier spend against slimmer free cash flow.

Alphabet’s own shareholders may not like a fatter bill, but more capital pouring into AI infrastructure is what chip stocks have rallied on. Asian chipmakers rose again on Thursday, with the Kospi up 3.6% and Samsung and SK Hynix both up more than 2% on bets they will capture some of that spending.

The majors were flat. Ether held near $1,916, XRP at $1.13 and Solana at $77, with Hyperliquid the outlier, down 11% on the week. Oil kept climbing, extending a July rally that has revived inflation worries.

The next test is the Fed on July 28 and 29.



Source link

Exclusive-Boeing asks US to intervene over record EU loan to Airbus

0
Exclusive-Boeing asks US to intervene over record EU loan to Airbus


By Tim Hepher and David Shepardson

FARNBOROUGH, England, July 21 (Reuters) – Boeing has asked the U.S. government to press the European Union for transparency over a €3 billion ($3.43 billion) loan package to Airbus, resurfacing trade tensions after the two sides extended a tariff truce over jet subsidies.

The request for the U.S. ‌government to intervene comes as Airbus has been talking about the development of a new plane as early as 2030, potentially kickstarting a fresh wave of ‌competition in the global jet market.

Both sides won partial victories in a 17-year battle at the World Trade Organization over mutual claims of aircraft subsidies that led to a wave of transatlantic tariffs hitting other industries, ​before agreeing a five-year truce in 2021.

The truce, which was set to expire on July 6, has been extended indefinitely as both sides draw back from a renewed trade war in aerospace.

In a letter to U.S. Trade Representative Jamieson Greer, seen by Reuters, Boeing said it had been surprised by a June 29 announcement from the European Investment Bank, the EU’s lending arm, committing to its largest-ever corporate loan for Airbus.

It asked the USTR to request a “full accounting of the terms of this loan” from the EU and to explain why it was ‌compatible with the 2021 truce agreement, which called for an “open ⁠and transparent process.”

Greer told CNBC the USTR is looking at the loan “very closely” and that he had raised it with his EU counterpart.

“We can’t accept a situation where companies don’t have to operate under market-based systems, where Boeing has to operate and compete against an Airbus ⁠that gets unfair loans,” Greer said.

Such comments echo the 17-year WTO dispute in which Airbus and Boeing repeatedly claimed victory and accused each other of benefiting from unfair support. The WTO termed earlier EIB loans to Airbus subsidies, but dismissed U.S. claims about their role.

However, Boeing noted that the announcement, which included an initial tranche of €1 billion, came just four days after the EU adopted ​the ​decision to extend the standstill agreement.

“At a minimum, the timing of this loan is surprising,” Boeing ​said in its letter.

The EIB said it finances thousands of companies ‌every year and denied offering Airbus any unusual support.

“This is a normal loan, carrying interest, part of the EIB’s overall financing activity,” a spokesperson said.

Airbus Chief Financial Officer Thomas Toepfer told reporters in London that the loans had been taken out “completely at market level”.

Boeing declined to comment. The USTR and European Commission did not immediately respond to requests for comment.

AIRPLANE DEVELOPMENTS

In its loan announcement, the EIB said the package of loans would support Airbus’ long-term investments through 2030.

Boeing noted that this is the same year in which Airbus CEO Guillaume Faury has said Airbus plans to begin the development of an A320neo successor.

In an interview with Aviation Week ahead of the Farnborough Airshow, Faury spoke of a new plane ‌in 2030 and disclosed the internal code word for the project, “eAction.”

“The timing of this significant loan ​also coincides with Airbus leadership remarks publicly committing to a launch date of a new airplane, which further ​raises questions about both the size and the intent of this historic economic ​assistance package,” Boeing’s letter to the USTR said.

Boeing has said market conditions are not yet right for a new generation of planes, although ‌analysts say both companies are expected to start the next developments ​by the mid-2030s.

Boeing’s letter underscores wariness over competitor ​funding on both sides of the jet market duopoly, though tensions have eased considerably since the WTO subsidy battle.

The Trump administration last year agreed to exempt aerospace from tariffs after briefly imposing duties.

Washington has not officially said it is extending the separate truce on tariffs tied to the Airbus-Boeing dispute, but four people familiar ​with the matter said both sides had effectively buried the ‌marathon WTO dispute for the time being.

While the Trump administration has repeatedly used tariffs, it is seen as reluctant to make use of WTO tools ​that would implicitly recognise multilateral rules the president opposes.

Trump called this month for talks with trading partners to address the impact of foreign jet ​imports.

($1 = 0.8754 euros)

(Reporting by Tim Hepher, David Shepardson; Editing by Sharon Singleton and Nick Zieminski)



Source link

‘Ethics’ meets crypto – Why Trump-linked WLFI is under pressure

0
‘Ethics’ meets crypto – Why Trump-linked WLFI is under pressure


There was a time when ethics and crypto rarely crossed paths.

The recent amendment to the CLARITY Act clearly shows just how much the industry has evolved.

As AMBCrypto previously explained, the new ethics provision introduces stricter rules for high-profile public officials, limiting their ability to own or benefit from certain crypto assets. That makes it more than a routine amendment. Instead, it puts crypto ownership itself under the spotlight.

One project already reflecting this shift is WLFI crypto, which is linked to the U.S. President Donald Trump’s family.

Since the announcement, WLFI’s [World Liberty Financial] technical and on-chain setup has started to weaken, showing how closely the market now ties “ethics” to who owns a crypto asset. That has put the Trump family directly in focus.

WLFI crypto
Source: TradingView (WLFI/USDT)

From a technical standpoint, WLFI reacted almost immediately.

As the chart above highlights, the token dropped over 5%, with its lowest wick touching $0.0513. In just one session, the sell-off dragged WLFI back to price levels last seen in early May, highlighting the market’s cautious reaction to the ownership narrative.

Notably, the same story played out on-chain.

Deep Blue Alpha tracked 163 WLFI whale wallets across 1,224 trades over the last 30 days, with $12.72 million in inflows versus $13.25 million in outflows, leaving a net outflow of $531.7k, and a 49% buy ratio. Sentiment deteriorated even further over the last 24 hours, with net outflows reaching $351k on just a 22% buy ratio.

In essence, whales shifted aggressively toward selling, suggesting large holders were quick to de-risk.

Given WLFI’s direct ties to the Trump family, it wasn’t surprising to see the market connect the sell-off to the ethics provision in the CLARITY Act. So, while the amendment increases the odds of the CLARITY Act passing, World Liberty Financial’s [WLFI] reaction suggests traders are pricing in a different risk. 

WLFI’s price action diverges from the market’s CLARITY Act optimism

President Trump’s latest financial disclosures have once again put WLFI in the spotlight.

As AMBCrypto previously reported, Trump’s crypto ventures generated an estimated $1.4 billion in 2025, with WLFI contributing a significant share of the Trump family’s crypto-related income.

That makes WLFI’s breakdown especially relevant, as it suggests the Trump family is already pricing in the implications of the new ethics provision. Even so, the market hasn’t fully bought into the amendment as a bullish catalyst.

As the chart below shows, the market now puts just a 40% chance of the CLARITY Act being signed into law in 2026, down from nearly 50% earlier this week.

Despite the revised draft addressing the ethics provision, traders continue to price in uncertainty around the bill’s path forward. 

clarity actclarity act
Source: Polymarket

That’s where the ownership factor begins to matter.

As mentioned earlier, the ethics provision puts the Trump family’s crypto ownership under scrutiny.

This comes after Trump’s crypto ventures generated $1.4 billion in 2025.

However, the lack of bullish momentum around the CLARITY Act suggests the market may not view WLFI’s sell-off as a purely bullish signal. 

The logic is simple: Traders are now considering whether the ethics provision could create friction around the bill’s approval. In this context, the muted reaction around the CLARITY Act could be an early warning sign. The market may be worried that this provision could complicate the bill’s path forward.


Final Summary

  • WLFI is seeing more selling as the market reacts to the new ethics rules.
  • The CLARITY Act remains a bullish catalyst, but traders worry the ethics provision could slow its approval.

 

 



Source link

South Korea’s Korbit exchange is now part of the $1 tillion Mirae Group family

0
South Korea's Korbit exchange is now part of the $1 tillion Mirae Group family

Korbit, South Korea’s first homegrown crypto exchange founded in 2013, now has a new home and its a traditional finance behemoth.

The exchange announced Thursday that it is now part of the Mirae Asset Group family, which reportedly had an AUM of $1 trillion as of May.

The acquiring entity is Mirae Asset Consulting, an affiliate of Mirae Asset Group, which has acquired Korbit’s shares through mandated regulatory reporting procedures, becoming the largest shareholder. The announcement clarified that there are no changes to Korbit Co., Ltd., the corporation that operates Korbit.

The affiliate firm also looks after the group’s hotels and golf course businesses and now reportedly holds a 97.15% stake in Korbit.

For the exchange users, the acquisition by the Mirae affiliate brings no immediate disruption. The exchange said that all services, such as login, trading, deposits and withdrawals, will continue without interruption. User deposits and virtual assets will continue to be held separately from company assets, consistent with South Korea’s Act on the Protection of Virtual Asset Users. Personal data processing also remains unchanged and requires no action from users.



Source link

AI Is Actually Making Google Search Bigger

0
AI Is Actually Making Google Search Bigger


Google says its search function is not dead, it’s thriving.

In a Wednesday earnings call, Alphabet CEO Sundar Pichai said Google’s AI-powered features, such as AI Overviews and AI mode, were driving growth in search queries.

Pichai said he saw this in full effect during the FIFA World Cup that started in June and wrapped up on Sunday.

“As a big football fan, I was particularly excited to see search usage hit an all-time high during the World Cup this year,” he said. “This really highlights how much people turn to Google in moments that matter.”

He said Google’s AI-powered search function, AI Mode, has surpassed a billion monthly active users since it was expanded globally last October. The tool is driving an “incremental increase in search queries overall,” and is allowing Google to “send billions of clicks to websites every week through AI features in Search,” he said.

Pichai added during the earnings call that Google saw 17% revenue growth in search driven by these tools, and that the company will continue to make search more “helpful and intuitive.”

Search is one of Google’s largest cash cows. It was the third-highest revenue-producing product in Alphabet’s latest quarter earnings, edged out only by advertising and Google Services.

The company on Wednesday reported its latest quarter earnings of $119.8 billion, up 24% from a year earlier. Its stock was down 1.24% at market close.

The tech executive’s comments contradict the fears many publishers had when Google began integrating AI more aggressively into its search engine.

Many media companies and publishers reported their traffic dropping as users are increasingly becoming satisfied with AI answers, which are scraped from traditional websites without linking back to their sources.





Source link