After the 2023 crackdown, Nexo reenters the US with a partner-led model. What is different, and what should users watch? After paying a $45-million settlement in 2023 and exiting the market, Nexo has reentered the US with a redesigned product model focused on regulatory alignment rather than direct yield issuance. The 2023 crackdown centered on unregistered securities concerns. The SEC alleged that Nexo’s Earn Interest Product functioned as an unregistered security, raising questions about retail yield marketing, transparency, custody practices and counterparty risk. The new model relies on licensed US partners. Instead of directly offering yield products, Nexo now operates through regulated US intermediaries, including licensed entities and, where required, SEC-registered investment advisers. Read more
Strategy added 3,015 Bitcoin at $67,700 a piece in its 101st purchase, marking another buy below cost basis and lifting total holdings to 720,737 BTC. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, completed its 101st Bitcoin purchase, pushing its total holdings above 720,000 BTC. The company acquired 3,015 Bitcoin (BTC) for $204.1 million last week, according to a US Securities and Exchange Commission filing on Monday. The average buy price of its latest purchase was $67,700 per BTC, marking another purchase well below the company’s average acquisition price of $75,985. Read more
A Black Mirror‑style “Energym” spoof imagining 80% of jobs lost to AI is circulating as tech companies begin slashing thousands of roles, and white-collar job openings hit decade lows. A viral spoof “Energym” advertisement set in a 2030s world where 80% of people have lost their jobs to artificial intelligence has struck a nerve as companies accelerate automation, job openings slump and investors grapple with darker AI scenarios. The video clip, created by Belgian studio AiCandy, uses AI-aged versions of Elon Musk, Sam Altman and Jeff Bezos to hawk a fictional gym where unemployed workers pedal bikes and row machines to power the very AI systems that replaced them, trading lost income for a new sense of “purpose.” The satire lands amid a real wave of tech restructuring built around AI tools rather than human staff. Read more
Foom Cash lost $2.26 million in an exploit tied to a Groth16 verifier misconfiguration, but a white hat recovered $1.84 million of the funds. A white hat hacker helped Foom Cash recover most of the funds stolen in a $2.26 million exploit, underscoring the growing role of ethical hackers in Web3 incident response. Foom Cash, a decentralized, anonymous lottery protocol based on zero-knowledge proofs, was exploited for $2.26 million in funds. The intervention of an ethical hacker helped the protocol recover $1.84 million, or 81% of the stolen funds, Foom Cash announced on Monday. Read more
Oil prices are rising amid the US-Iran conflict, but whether Bitcoin will suffer is up for debate, as history suggests a bullish BTC price outlook. Bitcoin (BTC) initially dropped before paring all losses, leaving market participants wondering what higher oil prices would mean for BTC price going forward. Key takeaways: Escalating Middle East conflict pushes oil to $79, putting Bitcoin at risk of a drop to $60,000 due to inflation shocks and delayed Fed rate cuts. Read more