Kelp DAO exploiter has moved to launder nearly all stolen ETH, leaving only frozen funds within reach. According to blockchain analyst EmberCN, the attacker has routed roughly 75,700 ETH through cross-chain liquidity protocol THORChain, converting the assets into Bitcoin and generating about $910,000 in fees for the platform. The attacker began moving funds earlier this
Robinhood’s proprietary investment vehicle for retail investors has taken a small stake in privately held OpenAI, the trading company announced on Wednesday. The Robinhood Ventures Fund I (RVI), which offers investors exposure to private technology companies, invested $75 million in the artificial intelligence firm. The fund went public and began trading on the New York
US stock indices moved higher on Wednesday after President Donald Trump extended the ceasefire with Iran, even as uncertainty persisted over the durability of the truce. The Dow Jones Industrial Average rose by more than 417 points, or about 0.85%, while the S&P 500 gained roughly 0.67% and the Nasdaq 100 climbed 0.72%. The gains
The US Federal Reserve is likely to wait at least six months before cutting interest rates this year, as inflation pressures persist, according to a Reuters poll of economists. The delay comes amid rising energy prices triggered by the ongoing conflict in the Middle East. The war, now nearing two months, has led to a
The war in Iran and the resulting closure of the Strait of Hormuz have created an acute shortage in the oil market. But, public attention has mostly been towards crude oil. However, the shortage is even more significant in jet fuel. The record high price of jet fuel—nearly $1,800 per ton in early April—reflects this
Shares of GE Vernova surged on Wednesday after the energy company raised its full-year outlook and reported strong first-quarter results, underscoring the growing impact of artificial intelligence-driven data center demand on its business. The stock climbed about 13%, extending its rally to nearly 70% year-to-date, as investors responded to accelerating growth in the company’s power
Shares of Tesla rose 1.19% to $391.90 on Wednesday, tracking gains in broader US equity markets as investors positioned ahead of the company’s first-quarter earnings report. The rally followed a broader upswing in equities after US President Donald Trump extended a ceasefire with Iran, easing geopolitical concerns and lifting sentiment. The S&P 500 advanced 0.7%,
Brent crude oil was back above $100-per-barrel on Wednesday after reports claimed gunfire attacks on container ships in the Strait of Hormuz. Meanwhile, gold on COMEX also climbed 1% on easing fears about an inflation surge and prolonged high interest rates. Silver prices also rose more than 2%. Additionally, copper prices on the London Metal
NVIDIA stock price has rebounded in the past few weeks and is now slowly approaching the all-time high. It was trading at $200 on Wednesday, up sharply from the year-to-date low of $163. This article explores some key reasons why it may soon surge to $250. NVIDIA stock price technical analysis points to more gains
The Trump administration is nearing a potential rescue package for Spirit Airlines, as it faces mounting financial pressure and the risk of liquidation. The Wall Street Journal reported the development, citing people familiar with the matter, that the US government is in advanced discussions to provide Spirit with up to $500 million in financing. In