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Charles Hoskinson Backs Elon Musk Amid $55B Tesla Pay Controversy

Cardano founder Charles Hoskinson has publicly expressed his support for Elon Musk in the midst of the $55 billion Tesla pay package controversy. The dispute centers around Musk’s substantial compensation from Tesla, which has sparked significant debate and legal scrutiny.

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Cardano founder Charles Hoskinson has publicly expressed his support for Elon Musk in the midst of the $55 billion Tesla pay package controversy. The dispute centers around Musk’s substantial compensation from Tesla, which has sparked significant debate and legal scrutiny.

Hoskinson, a prominent figure in the cryptocurrency community, took to social media to defend Musk, emphasizing the Tesla CEO’s pivotal role in driving technological innovation and economic growth. According to Hoskinson, Musk’s compensation reflects his extraordinary contributions to Tesla’s success and the broader tech industry.

The controversy began when Tesla shareholders filed a lawsuit, challenging the massive pay package awarded to Musk. Critics argue that the compensation is excessively high and not adequately tied to performance metrics. The case has drawn widespread attention, with various stakeholders weighing in on the appropriateness of such a lucrative pay deal.

In his defense of Musk, Hoskinson highlighted the transformative impact of Tesla under Musk’s leadership, noting the company’s breakthroughs in electric vehicles, renewable energy, and space exploration. He argued that Musk’s vision and execution have not only benefited Tesla but also advanced global technological progress.

Hoskinson’s endorsement adds a notable voice to the ongoing debate, reflecting a broader sentiment within the tech community that views Musk as a visionary leader deserving of substantial rewards for his achievements. However, the legal battle over the pay package is far from over, with the court’s decision potentially setting a precedent for executive compensation practices.

In summary, Charles Hoskinson’s support for Elon Musk amid the $55 billion Tesla pay controversy underscores the ongoing debate about executive compensation in the tech industry. As the legal proceedings continue, the outcome will be closely monitored for its implications on corporate governance and compensation standards.

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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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