Following the death of Ondo Finance founder Nathan Allman, a legal battle has erupted over control of the company. The estate alleges former President and CEO Ian De Bode unlawfully seized control during probate proceedings, while De Bode denies the claims and maintains support from key stakeholders. The estate, led by Allman's mother Kathleen, has expanded the board and removed De Bode, seeking court intervention to clarify governance and stabilize operations. The dispute's outcome will impact Ondo's contracts and corporate decisions as the company continues its search for a permanent successor.
Nike's Chief Operating Officer, Alagirisamy Venkatesh, has sold 3,671 shares of the company's stock. Insider sales like this can indicate personal financial decisions or portfolio adjustments but do not necessarily reflect the company's overall healt...
Binance now holds over 693,000 bitcoins, the largest amount in two years, representing about 30% of bitcoins on major platforms. This balance grew by 77,000 BTC since late April, amid Bitcoin struggling to stay above $80,000. While this could indicat...
Snap Inc., owner of Snapchat, saw its global monthly active users grow 4% to 971 million, but North American users declined, signaling a concern. Revenue increased 19% year-over-year to nearly $1.6 billion, with improved average revenue per user and ...
Oracle founder Larry Ellison has adopted a Rule 10b5-1 trading plan allowing him to sell up to 50 million shares, potentially worth $7.5 billion at current prices. This is notable as Ellison rarely sells large stakes, typically relying on borrowing f...
Revolut confirmed that fraudsters used a legitimate government email domain to trick the platform into releasing sensitive customer data, including passports, verification selfies, addresses, and Bitcoin transaction histories. Although Revolut says c...
