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16:02
USD/JPY just hit the 160.00 level, now quoted at 160.00, up 0.06% on the day.
The US dollar against the Japanese yen just touched the 160.00 mark, now quoted at 160.00, up 0.06% for the day.
16:00
Quantinuum IPO reportedly oversubscribed by more than 20 times
According to informed sources, the IPO of this quantum computing company backed by Honeywell International has attracted strong demand from long-only investors. The stock is expected to begin trading on the New York Stock Exchange on Thursday under the ticker QNT. Institutions such as JPMorgan, Morgan Stanley, Jefferies Group, and Evercore also participated in this offering.
15:57
Mastermind behind the $245 million bitcoin theft admits to orchestrating a kidnapping plot
According to Odaily, California cryptocurrency executive Adam Iza admitted on Monday to orchestrating a failed kidnapping plot targeting the parents of Veer Chetal. The case is connected to a previous $245 million Bitcoin theft involving Veer Chetal. Adam Iza, aged 25 and also known as Ahmed Faiq, previously operated the crypto trading company Zort and referred to himself as “The Godfather.” Veer Chetal and two others impersonated Google and crypto exchange tech support staff to steal 4,100 Bitcoin—worth approximately $245 million at the time—from Washington residents. Adam Iza and associates attempted to obtain a portion of the stolen funds by kidnapping Veer Chetal’s parents. Additionally, Adam Iza admitted to stealing over $37 million by fraudulently accessing Meta’s business manager accounts and credit lines between 2020 and 2022. Federal prosecutors are seeking a minimum sentence of 14 years in prison. (fortune)
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