A US federal court has ordered Michael Frederick Staryk to pay $547,616 in restitution and a $5,907,720 civil monetary penalty after entering a default judgment in a Commodity Futures Trading Commission options-fraud case. The two amounts total $6,455,336, with the penalty approximately 10.8 times the restitution award. The difference separates the punitive sanction from the
Tesla (NASDAQ: TSLA) has locked October 1 for the long-delayed second-generation Roadster, and the event confirms far less than the hype around it suggests. The reveal takes place at 8:30 p.m. Eastern in Waco, Texas, according to reservation-holder invitations reported by Teslarati, with a countdown clock live on Tesla’s own Roadster page. What the company
The US Senate failed to advance the CLARITY Act on Tuesday, falling short of the 60 votes needed to invoke cloture and, with them, short of even a simple majority. The procedural defeat halts the most significant crypto market-structure bill Congress has produced and, given the compressed calendar before the November midterms, effectively ends the
Sandisk stock fell about 5.3% to $1,546 in Monday afternoon trading, putting the flash-memory company near the center of a global semiconductor selloff that has hit memory-related names particularly hard. Shares traded as low as roughly $1,505 during the session after falling as much as 7.9% earlier in the day. The latest Investing.com cash-market read
The PIF SpaceX stake is the largest Gulf position in Elon Musk’s rocket company that anyone can actually verify: Saudi Arabia’s Public Investment Fund reported 154,146,835 SpaceX Class A shares, valued at $26.34 billion, in its Form 13F for 30 June 2026. The popular version of this story says “a UAE fund” put billions into
Sam Bankman-Fried has asked the U.S. Supreme Court to throw out his fraud conviction and cancel the $11 billion a court ordered him to forfeit, the last stage of his direct appeal. The former crypto billionaire filed the petition on Thursday, seeking a new trial and asking the justices to drop the forfeiture tied to
The popular WDC stock prediction this month starts from the wrong premise: that Western Digital “crashed on record earnings” because the AI storage trade is finished. The tape says otherwise. On 6 August, the day after WD beat its own guidance, the stock fell 13.0% to $451.52 while Seagate, which supplies nearline hard drives to
Nasdaq is deepening its bet on tokenized stocks with a $100 million investment in Payward, the parent company of crypto exchange Kraken, the exchange operator announced on September 10. The capital comes through Nasdaq Ventures, its strategic investment arm, and arrives with two further commitments. Alongside the funding, the companies will continue their work on
U.S. Bank has completed a live pilot transaction using USBDC, its proprietary U.S. dollar-backed stablecoin, moving a cross-border payment between its entities in North America and Europe. The transaction ran on the Stellar blockchain, and the bank says USBDC ranks among the first bank-issued stablecoins deployed on a public network, signaling that the Minneapolis lender
Visa’s stablecoin settlement volume has crossed a $20 billion annualized run rate, up more than 15 times from a year earlier, a jump that shows stablecoin-linked cards are becoming a real part of how money moves through the network. Visa shared the figure in a report published September 8, alongside two other numbers that point