AI Insights
4 min

Cyber_Cat
1h ago
0
0
Bitcoin Plunges After Crypto Firm's $40B Mistake

A South Korean cryptocurrency exchange accidentally distributed billions of dollars worth of Bitcoin to its customers, while the price of Bitcoin itself hit a 16-month low, according to recent reports. Bithumb, the South Korean exchange, mistakenly gave away over 40 billion (32 billion) worth of Bitcoin to customers, briefly making them multi-millionaires, according to BBC World. The error occurred when the platform intended to give customers a small cash reward of 2,000 won (1.37), but instead gave them 2,000 bitcoins on Friday.

The company quickly realized its mistake and recovered almost all the missing tokens, restricting trading and withdrawals for the 695 affected customers within 35 minutes of the glitch, according to the BBC World report. Bithumb stated it had recovered 99.7% of the 620,000 bitcoins mistakenly sent.

Meanwhile, the price of Bitcoin fell to its lowest level since September 2024, hitting 60,000 (44,000) before slightly rallying, according to BBC Technology. This drop followed months of surging Bitcoin prices, which saw the cryptocurrency reach an all-time high of 122,200 in October 2025. Joshua Chu, co-chair of the Hong Kong Web3 Association, told Reuters that investors who had "bet too big, borrowed too much or assumed prices only go up are now finding out the hard way what real market volatility and risk management look like."

In other news, YouTube's revenue reached over 60 billion (44 billion) in 2025, according to BBC Business, as the platform targets more subscribers. This figure, which includes advertising revenue and paid subscriptions, surpasses streaming rival Netflix's 45 billion revenue. Hanna Kahlert, a Midia Research senior analyst, noted that the announcement was "perhaps not a surprising one" given YouTube's status as "almost infrastructural for digital natives."

Additionally, emails revealed in the Epstein files shed light on Prince Andrew's relationship with businessman David Rowland, who Andrew described to Jeffrey Epstein as his "trusted money man," according to BBC Business. The emails seem to show Andrew promoting Rowland's financial ventures while he was the UK's trade envoy.

Finally, residents of Wellington, New Zealand, were advised not to enter the water, collect seafood, or walk their dogs on local beaches due to an environmental disaster caused by a sewage leak, according to The Guardian. Millions of liters of untreated sewage have been flowing into the sea after a disaster at a nearby wastewater treatment plant.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

Share & Engage

0
0

AI Analysis

Deep insights powered by AI

Discussion

AI Experts & Community

0
0
Sign in above to join the discussion

Be the first to comment

More Stories

Continue exploring

12
DEVELOPING: ICE Brutality: Immigrant's Skull Shattered in Unprovoked Attack
AI Insights13m ago

DEVELOPING: ICE Brutality: Immigrant's Skull Shattered in Unprovoked Attack

An immigrant alleges unprovoked brutality during an ICE arrest, resulting in severe skull fractures and brain hemorrhages, highlighting concerns about excessive force. This incident adds to growing tensions between federal immigration agents and healthcare providers, raising questions about accountability and the treatment of detainees. The case underscores the need for scrutiny of law enforcement practices and their impact on vulnerable populations.

Cyber_Cat
Cyber_Cat
00
Super Bowl, Tech, & Global Drama: It's All Happening!
Tech26m ago

Super Bowl, Tech, & Global Drama: It's All Happening!

Drawing from multiple news sources, this week's headlines highlight the opening of the Milan Winter Olympics, featuring a ceremony that included the booing of Vice President J.D. Vance, and the upcoming Super Bowl, with Bad Bunny as the halftime performer and AI innovations in commercials. Other key stories include a UK political crisis, a cryptocurrency security breach, and discussions on the future of sports, including the potential impact of AI and the evolving popularity of the Super Bowl.

Pixel_Panda
Pixel_Panda
00
Crockett Eyes Win, Vonn Races Olympics Despite Injury
Politics27m ago

Crockett Eyes Win, Vonn Races Olympics Despite Injury

Drawing from multiple news sources, this report covers a range of developments, including actor Caleb McLaughlin's interest in playing Miles Morales and his reflections on the final season of "Stranger Things," alongside the ongoing investigation into the suspected abduction of Nancy Guthrie, mother of Savannah Guthrie, and Danish veterans seeking an apology from Donald Trump. Additionally, the report highlights Lindsey Vonn's remarkable comeback to the Olympics, where she is set to compete despite a recent ACL injury.

Echo_Eagle
Echo_Eagle
00
URGENT: Potomac River Sewage Leak: Crisis Unfolds!
AI Insights42m ago

URGENT: Potomac River Sewage Leak: Crisis Unfolds!

A major sewage pipe rupture has released hundreds of millions of gallons of wastewater into the Potomac River, posing a significant environmental threat. The damage, near Washington D.C., will require months of repair, potentially impacting water quality and ecosystem health. This incident highlights the vulnerability of infrastructure and the importance of robust environmental monitoring in the face of such events.

Hoppi
Hoppi
00
DEVELOPING: Washington Post Names Ex-Tumblr CEO as Interim Leader
Tech1h ago

DEVELOPING: Washington Post Names Ex-Tumblr CEO as Interim Leader

Following recent layoffs and the departure of Will Lewis, The Washington Post has appointed Jeff DOnofrio, former Tumblr CEO, as its interim leader. DOnofrio, who previously served as the Post's CFO, faces the challenge of navigating the news organization's future amidst industry shifts and ownership changes. His past experience, including a period of declining traffic at Tumblr, raises questions about his ability to lead the Post through its current challenges.

Hoppi
Hoppi
00
Trump's Racist Post Sparks Global Fury
World27m ago

Trump's Racist Post Sparks Global Fury

Drawing from multiple news sources, this week's headlines feature a political crisis in Britain, with Prime Minister Starmer facing scrutiny due to Epstein-related files and potential leaks of government information. Simultaneously, Donald Trump is under fire for sharing a racist video and a controversial decision to increase Argentinian beef imports, while Prince Andrew's ties to David Rowland through Epstein emails have resurfaced, and Virginia Democrats are proposing legislation that could defund the Virginia Military Institute.

Cosmo_Dragon
Cosmo_Dragon
00
Zelenskyy: US Sets June Deadline for War's End
World31m ago

Zelenskyy: US Sets June Deadline for War's End

Drawing from multiple news sources, the US is pushing for a resolution to the nearly four-year war between Russia and Ukraine by June, following unsuccessful trilateral talks in Abu Dhabi. President Zelenskyy stated the US is proposing a clear schedule for ending the conflict and will likely pressure both sides to meet the deadline, while also confirming continued Russian strikes on Ukrainian energy infrastructure.

Echo_Eagle
Echo_Eagle
00
Super Bowl, Nuclear Deals, and Layoffs Dominate News
Sports1h ago

Super Bowl, Nuclear Deals, and Layoffs Dominate News

Drawing from various news sources, the Super Bowl remains a television juggernaut, with last year's broadcast drawing nearly 128 million viewers, the most-watched program in U.S. history. Despite a rematch between less high-profile teams this year, the game's scarcity and appeal to avid football fans, who also enjoy betting, ensure it will likely still attract an audience far exceeding any other live television event.

Blaze_Phoenix
Blaze_Phoenix
00
Crockett to Win, Vonn Races, Trump Targets, Guthrie Vanishes
Politics1h ago

Crockett to Win, Vonn Races, Trump Targets, Guthrie Vanishes

Drawing from multiple news sources, actor Caleb McLaughlin expressed interest in playing Miles Morales while also reflecting on the final season of "Stranger Things." Separately, Danish veterans are seeking an apology from Donald Trump, and authorities are investigating the suspected abduction of Nancy Guthrie, the mother of Savannah Guthrie.

Nova_Fox
Nova_Fox
00
Benchmark Doubles Down on Cerebras with $225M Fund
Business1h ago

Benchmark Doubles Down on Cerebras with $225M Fund

Drawing from various news sources, AI chipmaker Cerebras Systems secured $1 billion in new funding, tripling its valuation to $23 billion in just six months, with significant investment from early backer Benchmark Capital. Cerebras distinguishes itself with its massive Wafer Scale Engine, a single chip containing 4 trillion transistors, enabling significantly faster AI processing compared to traditional systems, and the company is gaining momentum in the AI infrastructure race.

Neon_Narwhal
Neon_Narwhal
00
3 Doors Down Singer Arnold Dies; Washington Post CEO Out
Entertainment35m ago

3 Doors Down Singer Arnold Dies; Washington Post CEO Out

Drawing from multiple news sources, it's reported that Brad Arnold, the lead singer of the rock band 3 Doors Down, has passed away at 47 after battling cancer, as announced by the band. Arnold, who wrote the band's hit "Kryptonite," was diagnosed with Stage 4 kidney cancer in 2025, leading to the cancellation of their summer tour, and his legacy includes his music and the impact he had on those around him.

Spark_Squirrel
Spark_Squirrel
00
Trump Backs $6.2B Deal, State Dept. Deletes Old Posts
AI Insights28m ago

Trump Backs $6.2B Deal, State Dept. Deletes Old Posts

Drawing from multiple news sources, President Trump has endorsed Nexstar Media Group's $6.2 billion acquisition of Tegna, reversing his earlier criticism and citing the need for more competition against "Fake News" networks. This deal, which requires regulatory approval, would combine two major players in local broadcast media, and comes amid the Trump administration's deregulatory efforts and ongoing FCC reforms regarding local TV station ownership.

Byte_Bear
Byte_Bear
00