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Major Cryptocurrency Exchange Loses $1.5 Billion in Sophisticated Hack

Bybit, a major cryptocurrency exchange, has lost $1.5 billion in a hack, marking one of the biggest online thefts ever.

Akamai Stock Falls 20% on Weak Earnings; Is It a Buy?

Akamai (AKAM) stock dropped 20.3% after reporting weak Q4 results, with revenue guidance signaling a slowdown in demand. Revenue grew only 3% YoY, overshadowed by an 18% drop in delivery revenue. Adjusted operating profits and earnings beat expectations, but the full-year outlook implies only 2.7% revenue growth.

Europe's Defense Industry Surges as Continent Rethinks Reliance on US

Europe's defense spending surge amid US uncertainty fuels investor interest in defense stocks. The STOXX Europe Total Market Aerospace & Defense index has reached an all-time high, with companies like Rheinmetall, Thales, and Leonardo seeing significant gains. Investors anticipate increased revenues as European countries ramp up military spending to enhance their security.

Stellantis' €771 Million Lawsuit Against Automakers Dismissed

Stellantis' lawsuit against Autoliv and ZF/TRW for alleged cartel involvement in safety equipment pricing dismissed by London tribunal.

Estonia Leads Central and East Europe's Defense Fund Rush Amid Ukraine Invasion

Estonia, a tech hub, leads defense funding surge in central and eastern Europe prompted by Russia's invasion of Ukraine. Startups and venture capital firms invest in AI, cyber security, and drone technology to enhance national security.

SEC Drops Appeal of Court Ruling Vacating Treasury Dealer Rule

The SEC has decided to withdraw its appeal of a court decision vacating an overhaul of Treasury dealer rules, citing concerns about reduced liquidity and increased volatility in Treasury markets.

SEC Replaces Crypto Unit With Broader Cyber Fraud Team

The US SEC is closing down its crypto enforcement unit and replacing it with a broader cyber-fraud team. The new unit will focus on fraud involving social media, AI, machine learning, and blockchain. The change signals a shift in the SEC's approach to digital assets.

TikTok Lays Off Global Trust and Safety Staff

TikTok lays off trust and safety staff as part of restructuring

Blockaid Raises $50 Million to Tackle Crypto Cyber-Crime Risks

Blockaid, a crypto security firm, has raised $50 million in Series B funding led by Ribbit Capital to tackle rising cyber-crime risks in the digital asset space.

UK to Boost Defense Spending, Re-Arm Amid European Security Concerns

The UK must re-arm as part of a commitment to step up European security, Defence Secretary John Healey said, announcing the establishment of a unit within his department to oversee £20 billion ($25 billion) of military spending.