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Nvidia denies receiving DOJ antitrust subpoena

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Nvidia has formally denied receiving a subpoena from the U.S. Department of Justice (DOJ) in response to recent market speculation. The company’s denial has led to a notable increase in its stock value during after-hours trading.

The DOJ’s purported subpoena was rumored to be related to an ongoing investigation into potential regulatory issues affecting Nvidia. However, the company has issued a statement refuting these claims, asserting that it has not been served with any such legal request. Nvidia emphasized its commitment to complying with all regulatory requirements and maintaining transparency with its stakeholders.

Following the announcement, Nvidia’s shares experienced a significant uptick in after-hours trading, reflecting investor relief and renewed confidence in the company’s operational stability. The spike in stock value underscores the market’s sensitivity to regulatory news and the impact such developments can have on investor sentiment.

Nvidia’s stock had faced pressure earlier due to concerns over potential legal challenges and their implications for the company’s business operations. The denial of the subpoena and the subsequent share price increase highlight the volatile nature of the market, especially in response to regulatory news and corporate disclosures.

The company’s denial also serves to clarify the situation for investors and analysts who had been closely monitoring the developments. Nvidia remains a major player in the technology sector, and the resolution of these regulatory concerns is likely to be closely followed by the financial community.

In summary, Nvidia has denied receiving a subpoena from the U.S. DOJ, leading to a rise in its shares during after-hours trading. The company’s response has alleviated market concerns, contributing to a rebound in investor confidence and highlighting the significant impact of regulatory news on stock performance.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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