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Nvidia posts historic one-day loss after US antitrust subpoena

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Nvidia Corporation has experienced its largest single-day market capitalization loss in history following the receipt of an antitrust subpoena. The dramatic decline in the company’s market value comes as it faces increased scrutiny from regulators over potential anticompetitive practices.

On Monday, Nvidia’s stock plummeted sharply, resulting in a staggering market cap reduction. The drop was triggered by news that the U.S. Federal Trade Commission (FTC) had issued a subpoena to Nvidia as part of an ongoing investigation into its business practices.

The antitrust inquiry focuses on allegations that Nvidia may have engaged in practices that stifle competition and potentially harm consumers in the semiconductor and artificial intelligence (AI) markets. The subpoena demands detailed information about Nvidia’s recent mergers and acquisitions, as well as its business dealings with major tech firms.

Nvidia, a leading player in the GPU and AI sectors, has seen its stock soar in recent years due to surging demand for its advanced computing technologies. However, the latest regulatory challenge has raised concerns among investors about potential legal and financial repercussions.

In response to the subpoena, Nvidia stated that it is fully cooperating with the FTC and is committed to complying with all regulatory requirements. The company expressed confidence in its business practices and emphasized its dedication to fostering competition and innovation within the industry.

The market reaction highlights the sensitivity of tech stocks to regulatory developments and underscores the potential impact of antitrust investigations on corporate valuations. Analysts are closely monitoring the situation to assess the long-term implications for Nvidia and the broader tech sector.

As Nvidia navigates the regulatory scrutiny, the company’s ability to address these concerns while maintaining its market position will be crucial. The unfolding investigation and its outcomes could significantly influence both Nvidia’s future prospects and the broader landscape of the technology industry.

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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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