EdgeX announced it will compensate users who suffered realized losses due to a sharp sell-off of its EDGE token on June 2, which triggered liquidations and stop-loss orders on its perpetual futures platform. The sell-off was caused by 174 addresses flooding a PancakeSwap pool with sell orders during a period of thin liquidity, leading to a 23% price drop and $140.66 million in sell volume across multiple exchanges. EdgeX denies involvement in the sell-off, attributing it to market conditions, and has set compensation terms including a maximum of 100,000 USDC per user, paid half in USDC and half in EDGE tokens. The platform also offered a 200,000 USDC bounty for information on potential market manipulation and is working to improve liquidity by adding market makers.
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
ARCpoint Inc. announced it will likely miss the July 29, 2026 deadline to file its annual financial statements and related reports due to a lack of funds to pay auditors. The company has applied for a Management Cease Trade Order (MCTO) and awaits ap...
The Rosen Law Firm is investigating potential securities claims against Putnam Investment Management, LLC, alleging that the company may have provided misleading business information to investors. Investors who purchased Putnam stock-based mutual fun...
Blackrock CEO Larry Fink expressed strong optimism about market prospects over the next year, citing technology-driven productivity and margin expansion as key growth drivers. He noted that overall financial leverage is much lower than during the 200...
Velvet token fell about 18% in one day amid heavy selling, yet it remains the top gainer among the top 100 tokens with a 571% increase over the past 90 days. Despite $24 million exiting its perpetual Futures market in two weeks, bullish sentiment per...
