Protos headlines
-
Can the pivot to AI save crypto miners?
Over the past year, several crypto miners have decided to move away from the space and transition their data centers, power contracts, and infrastructure to focus on artificial intelligence (AI). These miners include Applied Digital, Core Scientific, TeraWulf, Ionic Digital (formerly Celsius...
-
China’s $340B AI bubble has popped — and the charts prove it
China's AI stock bubble is popping, and the data is overwhelming. Since its peak in late June, China’s Star 50 AI stock index has declined 42% . China’s tech sector, per the country’s CSI 300 index, is down 18%. Both indices are drastically underperforming the benchmark decline of 1.5% for the...
-
Justin Sun’s HTX exits UK following FCA court order
Justin Sun-linked crypto exchange HTX will exit the UK after the Financial Conduct Authority (FCA) secured undertakings from the company through a High Court settlement, preventing it from knowingly making unlawful crypto promotions to UK consumers. The FCA reached the settlement with Huobi Global...
-
ECB President Christine Lagarde to step down nine months early
European Central Bank President Christine Lagarde has announced that she will step down on February 7, 2027, around nine months before the scheduled end of her eight-year term. Her early departure could allow the current members of the European Council — including French President Emmanuel Macron —...
-
SpaceX’s biggest stock unlocks are still ahead
Record amounts of SpaceX stock are entering the market, and over the next eight months, the volume is set to increase even more. SpaceX set an all-time record this month when it removed selling restrictions on more than $200 billion worth of insider stock, and share unlocks at the rocket,...
-
Coinbase and Bithumb users hit by data leaks
Coinbase and Bithumb users have seen their data leaked after hackers targeted the South Korean crypto exchange and Coinbase's analytics vendor. The personal information of an unspecified number of Bithumb users was leaked after an “external party” reportedly breached its internal mobile groupware...
-
AI stock Innodata crashes 25% on job cuts, lost contract
Innodata, a trendy AI stock that hit a $1 billion market cap in the past two years of AI euphoria, crashed by over 25% yesterday after it fired 550 employees. The drastic cut spooked investors that the company might have lost its most important customer. Indeed, termination emails blamed the...
-
A16z’s crypto predictions aged like milk
Andreessen Horowitz (a16z) has recently removed the word “crypto” from its flagship fund branding, instead now referring to it as the “frontier.” The firm has claimed that it “will continue to invest in crypto” but considers this move an expansion of its focus. To celebrate this expansion, Protos...
-
Anthropic outranks most IPOs in history
Anthropic is on pace to outrank most IPOs in history across several metrics, including revenue retention rate, capital raised prior to its IPO, and expected IPO proceeds. The company also ranks in the top three IPOs in history on numerous other metrics. For example, its six-month revenue growth of...
-
Revolut to review internal systems following BoE order, report
Online bank Revolut is being forced to investigate its own internal systems after the Bank of England (BoE) ordered a review of its product approval processes. That’s according to The Financial Times , which reports that the BoE's Prudential Regulation Authority issued a Section 166 order that...
-
Predict Fun users lose $260K in ‘likely’ ongoing draining incident
Users of BNB-based prediction market Predict Fun have lost roughly $260,000 in a draining incident that's likely to claim even more. On Tuesday, crypto analyst “Dethective” claimed they'd been drained for roughly $5,000 in an incident linked to Predict Fun. The funds were bridged to Ethereum and...
-
Anthropic was keeping its IPO share price secret — footnote reveals $71.43
Anthropic filed its IPO prospectus on Monday with the share price left blank but a footnote reveals that its board of directors thought the stock was worth approximately $71.43 barely a month earlier. Even though Anthropic wanted to keep its formal share price quiet as of the end of the third...
-
Keystone to destroy almost 19,000 wallets after device key leak
Keystone says it will destroy almost 19,000 unshipped hardware wallets after an attacker obtained the key it uses to verify its devices. First, Keystone took to X on Saturday to confirm a suspected breach of customer shipping information, including “names, contact details, shipping addresses, and...
-
Pump Fun offers $2.5M prize as traders boycott its missing airdrop
Crypto traders are boycotting the memecoin platform Pump Fun this week over the firm’s lack of airdrop, numerous rug pulls, and its chaotic token launch with the crypto trader Kimchi. Users across X have been sharing the “BOYCOTTPUMPFUN” hashtag, along with its own graphic, in an attempt to hold...
-
Anthropic IPO Live: 7 people will control voting power
Anthropic filed on Monday to go public on the Nasdaq using the ticker symbol ANT. Although the public will soon be able to buy ANT and exercise one vote per share, no one will be able to outvote CEO Dario Amodei and six other people who will have 50.1% voting power over the company. The Claude AI...
-
Arthur Hayes sold ENA 98% below his profit target
BitMEX co-founder Arthur Hayes has promoted Ethena (ENA) for years — including repeated $10 price predictions since early 2024 —yet he waited until below $0.20 per ENA to finally admit to selling. On Saturday, he posted his total exit from his investment fund, Maelstrom’s so-called directional...
-
AmEx fires 5% of workers, raises profit forecast just 1%
American Express (AmEx) said today that it will fire about 5% of its workers as part of a $336 million restructuring. Despite these massive layoffs, its Q3 earnings report barely nudged its 2026 full year adjusted profit forecast up by a midpoint of 15 cents per share — less than 1% above analysts’...
-
Pump Fun’s Kimchi partnership has turned into chaos
A crossover token launch between prominent crypto trader Kimchi and memecoin platform Pump Fun has descended into chaos after users were left wondering whether or not Kimchi had been hacked. Pump Fun and Kimchi, real name Clayton Kim, have been working together to promote Pump Fun’s “Pill Your...
-
Bank stocks crashed by $22 billion after AI access scare
Banking giants JPMorgan, Morgan Stanley, Wells Fargo, Citi, and Bank of America lost a combined $22.8 billion in market value, just hours after Axios broke the news about bank customers handing over account access to AI bots — a violation of most banks’ terms of service. JPMorgan alone lost over $7...
-
US Treasury bonds on track for biggest rally since February
As oil prices, military conflicts, and inflation weigh down on the world’s economies, owners of US Treasury bonds are benefitting from capital flight to their safe haven. They're on track to have their best month of the year. Currently up 4.5% excluding dividends with just six trading days before...
-
Norwegians are losing their gold after being persuaded to leave it in the woods
Norwegians are falling victim to a scam in which they're induced to purchase gold and then leave it in forests or public parks. The scam, according to Finans Norge, involves the scammers persuading their victims to purchase gold that they promise to keep safe on their behalf. According to an ABC...
-
Crypto exchange CoinDCX ‘lying’ about $16M hack, say blockchain investigators
On Thursday morning, blockchain investigator “Darcy” flagged suspicious movements totalling $16 million on addresses suspected to be associated with crypto exchange CoinDCX. Shortly afterwards, CoinDCX co-founder Sumit Gupta thanked the researcher, who works for security firm Salus, but insisted...
-
North Korean sites go dark while PHP flaw sparks global panic
North Korean government and state media websites have been offline for 24 hours following the disclosure of a major PHP vulnerability that left 70% of the world’s websites open to hackers. PHP, the scripting language powering these websites, was discovered to have a major bug that could allow...
-
Strategy spent record cash on STRC buybacks at its worst price yet
Michael Saylor’s BTC company Strategy told investors that its STRC share buybacks would “taper” as STRC neared $100 per share. However, instead of tapering, the company spent an all-time record amount of cash last week on buybacks within 0.4% of STRC’s $100 par value. STRC has traded as low as...
-
Crypto PACs spend big on Ohio Senate race
Fairshake, a Super PAC often supported by the crypto industry, transferred over $24 million to its affiliate Defend American Jobs in September. Defend American Jobs spent about $24 million in the Ohio Senate race in September. Approximately $18.6 milion was spent supporting Jon Husted, the...
-
Remotely exploitable PHP bug found on 70% of world’s websites
A bug that allows hackers to remotely execute code has been discovered in PHP, the language that powers 70% of the world's websites. PHP shipped emergency fixes today for two of the most critical flaws, but over one-third of the web remains unpatched as of publication time. The language, used to...
-
Rent a car, launder crypto: Italian police bust $76M mafia scheme
Italian police have busted a mafia-linked crypto laundering ring that moved €68 million ($76 million) out of the country under the guise of a Milan-based car rental company. According to Il Sole 24 Ore , the operation, carried out by the Guardia di Finanza and Monza Brianza, has seen 30 individuals...
-
Abracadabra breaks its DAO to shut down protocol
Abracadabra DAO, the DeFi project behind the long-depegged Magic Internet Money (MIM) stablecoin, has passed a controversial proposal to wind down the protocol on its second attempt after reducing quorum requirements from 3 billion to 300 million SPELL , worth just $26,000. The proposed “orderly...
-
Inside AMD and Anthropic’s ‘chips for shares’ deal
Concerning details about Anthropic’s relationship with AMD came to light after the Wall Street Journal ( WSJ ) reported that hyperscalers are capping Anthropic’s AI compute capacity. Creatively, one of the ways the Claude maker has worked around these limitations is to commit to acquire billions of...
-
Fidelity says poorer people can access more IPOs
Fidelity, the largest stock brokerage in the US, has slashed IPO qualification minimums for its customers by at least 75% and up to 95% for certain offerings. This push to funnel poorer investors into public offerings follows a September in which just five US IPOs raised a paltry $1.9 billion, the...