Webull Stock Falls 20% Over China Ties: Who Really Controls the App?

Webull stock lost 19.1% on Wednesday, closing at $5.89, after a House panel said the trading apps data “may remain exposed” to Chinese intelligence laws. Webull called the report inaccurate.  The broker holds $24.6 billion for about 28 million users worldwide. Its founder, Anquan Wang, is a Chinese citizen who controls 79.2% of the votes, Webulls annual filing shows.  Sponsored  Sponsored  Webull Stock (BULL) Performance. Source: Yahoo FinanceWhat Protects a Webull Customers Account  Webull is a member of the Securities Investor Protection Corporation (SIPC), an industry fund that steps in if a US broker fails.  SIPC covers up to $500,000 per account, including $250,000 in cash, Webulls help page says. It does not cover losses when stock prices fall.  Cash in Webulls Cash Management program goes to partner banks. There, Federal Deposit Insurance Corporation (FDIC) insurance covers up to $5 million.  The committees report does not ban the app, freeze accounts, or fine the company.  Sponsored  Sponsored  What the House Panel Says Is at Risk  The House Select Committee on China says Webulls software, data pipelines, and core engineering rely on systems subject to Chinese law. That law can force companies to hand data to the state.  BREAKING: Webull $BULL just crashed over 20% after a House committee accused it of exposing US

2 دن پہلےانڈسٹری

Trump's Science Medals Go to Musk and Huang: Where Are Altman and Amodei?

President Donald Trump will award Elon Musk the National Medal of Science on Thursday. Musk is one of six tech leaders honored, while OpenAI‘s Sam Altman and Anthropic’s Dario Amodei, the best-known AI lab chiefs, are not.  The medals are Americas highest honors for science and technology. Trump has never presented either one across his two terms.  Who Is Getting Trumps Science and Technology Medals  Musk, Google co-founder Sergey Brin, Nvidia CEO Jensen Huang, and AMD CEO Lisa Su will receive the science medal. Dell Technologies CEO Michael Dell and Microsoft CEO Satya Nadella will receive the technology medal.  Sponsored  Sponsored  The awards will be handed out at the White House “Science: A New Golden Age Summit.” The event will focus on superintelligence, meaning AI that outperforms humans at most tasks.  “These recipients are helping ensure America keeps leading the world in innovation,” White House spokesperson Liz Huston told Fox.  The medal also caps Musk‘s return to Trump’s side. The pair split in 2025 after Musk called Trump‘s tax bill a “disgusting abomination.” He now co-leads the Pentagon’s Project Meridian study of future warfare.  Why Altman and Amodei Are Missing From the List  The White House has not explained the picks. Its statement named only the six winners.  *President Trump is

2 دن پہلےانڈسٹری

OpenAI math breakthroughs raise ‘bunker mode’ alarm from Bitcoin researcher Justin Drake

OpenAI‘s latest advances in mathematics have prompted a leading Ethereum researcher to warn that crypto’s core wallet security could face an unexpected AI threat.  Related Asset Ethereum #2 ETH · $2,568.64 24-hour change: down 4.74% Loading price history… 24H Down 4.74% 7D Down 4.39% 30D Up 3.53%  On Oct. 7, Ethereum researcher Justin Drake urged the blockchain industry to prepare for what he described as “bunker mode,” including a controlled migration of digital assets into fresh addresses whose public keys have never been exposed.  Drake said large and sophisticated holders should consider moving most of their assets to addresses that have never signed transactions. Once those addresses are used to send funds, he recommended transferring any remaining balance into another fresh address.  Related Company OpenAI AI research and deployment company  His warning followed OpenAIs Oct. 6 release of a broad collection of new mathematical results produced by an internal frontier model.  The company said it tested the model across thousands of problems, published many of the resulting proofs with computer-checkable Lean formalizations and spent the equivalent of about three hours of ChatGPT Pro reasoning on the average result.  Drake argued that the accelerating pace of AI-driven mathematical discovery should force the crypto industry to reconsider assumptions about

2 دن پہلےانڈسٹری

Hunter Biden's LAPTOP Report Says Market Makers Made Millions: Who Are They?

Two trading firms hired to keep Hunter Bidens LAPTOP meme coin stable came out millions of dollars ahead after its launch-day crash, according to a report Biden released Wednesday. It does not name either firm.  The report, by Groom Lake, finds the founders never sold. It ties the crash to a thin launch pool, heavy early trading and one firm pulling its cash, with what it calls moderate confidence.  Sponsored  Sponsored  “We hired two of the biggest market makers in the business to avoid exactly this, and we gave them the capital to stock both sides,” Biden stated.  Why Did a $6 Trade Move LAPTOP More Than $7,400 of Selling?  LAPTOP, a meme coin on Coinbases Base network, launched September 9. Its main trading pool, which sets the price automatically, held $35,663 but only 29,885 tokens.  That imbalance meant a $6.02 purchase lifted the price 5%. Pushing it down 5% took $7,376 of selling.  Across 668 other launches the report checked, buying and selling moved prices almost equally.  The price jumped from 5 cents to $316.75 in under two minutes, then LAPTOPs two-minute peak gave way to a 98% drop within the hour.  Hunter Bidens Laptop (LAPTOP) Price Performance. Source: BeInCrypto  The “$300 billion” valuations multiplied that price by 1 billion

2 دن پہلےانڈسٹری

OpenAI Says a Secret AI Model Cracked Hundreds of Open Math Problems in One Prompt—Mathematicians Want Receipts

In briefOpenAI published 722 math manuscripts in 372 result families on GitHub from an unreleased internal model.Only 162 of the 722 papers have a Lean-formalized main result, and OpenAI warns that some unformalized results could have issues.MITs Andrew Sutherland says the one-prompt, single-agent claim is unverified until the model is released, and the release omits the prompts that an advisory group at the Institute for Advanced Study recommended disclosing.  OpenAI published 722 math manuscripts on GitHub on Tuesday, all produced by an internal model the company has not released. An OpenAI spokesperson said almost everything came from a single prompt handed to a single AI agent, though some may have taken multiple attempts.  Its a bold claim and a potentially significant breakthrough in the field of mathematics. But not everyone is a fan, or buying the hype.  Myriad: How high will Nvidia go? Click to make your prediction.  “Until and unless they release the model and people can replicate their results, I think you should treat any claims about one-shotting problems with a single agent as unverified,” Andrew Sutherland, a mathematician at MIT, told Scientific American. “We should ask for receipts,” he said.  The papers are grouped into 372 “families” of related results, and a

2 دن پہلےانڈسٹری

Ethereum Researcher Says AI May Break Encryption Before Quantum Does

In briefEthereum Foundation researcher Justin Drake called on the industry to plan for “bunker mode” by gradually moving funds to addresses whose public keys havent been exposed.He said ECDSA, the signature scheme behind Bitcoin and Ethereum, could break before Q-Day, in the worst case “in months not years,” citing rapid AI-driven math advances.Drake urged holders not to panic or rush, and said hell push to accelerate Ethereums shift to hash-based cryptography.  Justin Drake has spent years warning that quantum computers could one day crack cryptos cryptography. Now the Ethereum Foundation researcher says artificial intelligence might get there first.  “Today I call upon the blockchain industry to calmly begin planning for bunker mode,” Drake wrote on X on Wednesday. His recommendation is a controlled, mass migration of funds to fresh addresses that have never signed a transaction, which keep their public keys hidden behind a hash.  Myriad: Where does Ethereum go next? Click to make your prediction.  The concern centers on ECDSA, the signature scheme Bitcoin and Ethereum use to prove a transaction was authorized by the right private key. When a wallet signs a transaction, its public key becomes visible on-chain. If ECDSA were broken, an attacker could work backward from that public key

2 دن پہلےانڈسٹری

US Government Moves Half a Billion Worth of Crypto in Just Few Hours

Blockchain analytics platform Onchain Lens said that the U.S. government has moved around $565.87 million in seized crypto to Coinbase Prime over a few hours.  Most recently, the government moved 94.15 million Tether (USDT), which Onchain Lens described as coming from seized funds related to bankrupt crypto exchange FTX and its trading arm Alameda Research.  This comes after a series of other transactions that added up to about $471.7 million.  The first batch contained 3,974 Bitcoin (BTC), about $329.95 million worth. The blockchain analytics platform described it as related to the infamous Bitfinex hack.  Another transaction contained 657.92 BTC, $54.55 million worth, 750.19 Wrapped Bitcoin (WBTC), $62.34 million worth, and 24.89 million USDT, $24.88 million worth.  According to Onchain Lens, all of these coins also come from seized FTX/Alameda-related assets.  Notably, some of the crypto went through newly minted addresses before eventually landing on Coinbase Prime.  What are these seized assets?  The biggest part of these transfers is Bitcoin related to the Bitfinex hack that happened in 2016.  In August 2016, about 119,754 BTC were stolen from cryptocurrency exchange Bitfinex. U.S. authorities later recovered over 94,000 BTC after getting access to the private keys of hacker Ilya Lichtenstein. The seizure was worth around $3.6 billion in 2022. Later, Lichtenstein

2 دن پہلےانڈسٹری

Circle brings USDC, EURC payments to SAP customers through Tereina

Circle is bringing its USDC and EURC stablecoins into enterprise payment workflows through a partnership with Tereina, a financial services company backed by German enterprise software giant SAP.  The integration will allow businesses using SAPs financial software to send and receive USDC and EURC within the applications they already use to manage payments. USDC will be the preferred stablecoin for dollar-denominated transactions, while EURC will be available for euro-denominated payments.Source: Circle  Tereina provides payment infrastructure that companies can embed into business software, allowing them to make payments without switching to a separate financial platform. Tereina and Circle said they plan to test the stablecoin integration with customers over the coming months, including for global payments and treasury operations.  SAPs ecosystem generates 84% of global commerce, according to the announcement, giving the integration a potentially broad enterprise reach.  The move comes less than a month after Circle launched the mainnet of Arc, its layer-1 blockchain focused on stablecoin payments and financial markets. Arc uses USDC for transaction fees and supports more than 20 fiat-backed stablecoins, including USDC and EURC.  Magazine: Too big to pause: Could an AI slowdown crash the economy?

2 دن پہلےانڈسٹری

Polygon Open Money Stack Expands to TRON, Extending Network Access to Regulated US Payment Rails

Dubai, UAE – October 7, 2026– Polygon Labs today announced that Polygon Open Money Stack now supports the TRON network, giving fintechs, remittance providers, and payment platforms a way to connect bank funds directly into the worlds largest network for USDT (TRC-20).  The expansion connects Polygon Open Money Stack to TRONs stablecoin economy, which supports more than $94 billion in circulating USDT and over $30 trillion in total transfer volume. Businesses serving that economy have traditionally had to independently assemble licensing, sponsor banks, wallet providers, and cross-chain routing infrastructure before moving funds between banking rails and blockchain networks. Polygon Open Money Stack brings those components together through a single integration.  Dollars can enter through regulated on-ramps via bank transfer, debit card, or cash at a retail counter, move into virtual accounts that hold real balances, and settle on-chain under rules defined by the business. The same integration can then route funds across supported blockchains and facilitate payouts through supported payment rails.  Sponsored  Sponsored  TRON has established itself as one of the worlds most heavily used networks for moving digital dollars, particularly in markets where USDT is used for retail payments, savings, and cross-border transfers.  With support for TRON, Polygon Open Money Stack enables businesses operating across

2 دن پہلےانڈسٹری

French Hill says SEC and CFTC crypto rules fall short of legislation

House Financial Services Committee Chair French Hill has renewed his push for a permanent US crypto law, saying regulatory action falls short of legislation as the Senate faces just 22 session days after Novembers elections.  Fox Business carried Hills comments in an Oct. 7 interview, during which the Arkansas Republican said the Securities and Exchange Commission and Commodity Futures Trading Commission had made progress on digital assets but their efforts “fell short” of a congressional solution.  With the Digital Asset Market Clarity Act stalled in the Senate, Hill called for lawmakers to use the remaining congressional calendar to secure a permanent change in law. His preferred window is the lame duck session, when Congress returns after the November midterm elections and before the next group of lawmakers takes office in January.  “We need that permanent law change to make sure America is number one in digital assets and blockchain technology.”  In the interview, Hill said he still hoped Congress could pass CLARITY during that session. He also pointed to the limited time available, noting that the Senate has only 22 scheduled session days between the elections and the arrival of the next Congress.  CLARITY Act still needs Senate agreement after the failed vote  Senate records cited

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