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Protos Live

News and insights from across the web, curated for you by the Protos newsroom.

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Exclusive: North Korea laundered $147.5 mln in stolen crypto in March, say UN experts - Reuters https://www.reuters.com/technology/cybersecurity/north-korea-laundered-1475-mln-stolen-crypto-march-say-un-experts-2024-05-14/
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Exclusive: North Korea laundered $147.5 mln in stolen crypto in March, say UN experts

North Korea laundered $147.5 million through virtual currency platform Tornado Cash in March after stealing it last year from a cryptocurrency exchange, according to confidential work by United Nations sanctions monitors seen by Reuters on Tuesday.

Senate predicted to overturn SAB 121 in vote Thursday, Hill sources say - Blockworks https://blockworks.co/news/senate-vote-sab-121
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Senate predicted to overturn SAB 121 in vote Thursday, Hill sources say

The Senate will vote on the anti-SAB 121 resolution tomorrow, and it looks like enough Democrats are on board to get the legislation to the president’s desk.

Pump.fun accounts for 83% of Solana token launches, pushing daily revenue over $1m - DL News https://www.dlnews.com/articles/defi/pumpfun-accounts-for-83-of-solana-token-launches/
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Pump.fun accounts for 83% of Solana token launches, pushing daily revenue over $1m

Pump.fun, a memecoin launchpad, accounted for 83% of new token launches on Solana, helping it generated over $1 million in revenue in a single day.

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U.S. House's McHenry Says Senate May Be Swayed if Many Democrats Back Crypto Bill

The House is set next week to vote on a wide-ranging bill to set crypto regulations, though its potential in the Senate remains murky, despite the optimism of its proponents.

Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying - CNBC https://www.cnbc.com/2024/05/15/warren-buffetts-berkshire-hathaway-reveals-insurer-chubb-as-confidential-stock-its-been-buying.html
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Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying

His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.

🔵 US indicts Ethereum validators for exploiting MEV trader - Protos https://protos.com/us-indicts-ethereum-validators-for-exploiting-mev-trader/
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US indicts Ethereum validators for exploiting MEV trader

Anton Peraire- and James Peraire-Bueno face charges of wire fraud, conspiracy to commit wire fraud, and conspiracy to launder money.

🔵 Opinion: Roaring Kitty looks to have returned as a pump-and-dumper - Protos https://protos.com/opinion-roaring-kitty-looks-to-have-returned-as-a-pump-and-dumper/
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Opinion: Roaring Kitty looks to have returned as a pump-and-dumper

Roaring Kitty is no longer a thesis-driven trader -- he’s just another average pump-and-dumper with a large audience.

S&P Pushes Past Its Previous Record - New York Times https://www.nytimes.com/2024/05/15/business/stock-market-rally-inflation.html
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The Stock Market Is Back in Rally Mode

Investors seized on the latest inflation report as another sign that interest rates could be cut his year, helping push the S&P 500 past its March record.

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Nasdaq, After Pivoting Crypto Ambitions to Tokenized T-bills, Sees Staffers Exit Amid Delays: Sources

After ending its crypto custody plan, Nasdaq pivoted to tokenized U.S. Treasuries, but progress was too sluggish for some now-former employees, a person familiar with the matter said.

Trump Media Stock Rally Pushes Value of Trump’s Stake to $6 Billion - New York Times https://www.nytimes.com/2024/05/15/business/trump-media-stock.html
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Trump Media Stock Rises Again, Adding Billions to Former President’s Stake

In their first few weeks of trading, shares of Truth Social’s parent company soared, then crashed, and have recently made a strong recovery. Former President Donald J. Trump’s holding is now worth about $6 billion.