U.S. Stocks Reach New Heights with Unprecedented Rally After Tariff Pause
In a remarkable turn of events, U.S. stocks surged on April 9, 2025, following a 90-day suspension on most proposed tariffs. This led to one of history's biggest one-day stock market rallies, with the Dow gaining 7.9% and the Nasdaq soaring 12.2%. Despite escalated tariffs on China, the U.S. markets regained ground, particularly benefiting sectors like airlines.
Bybit Faces Historic $1.5 Billion Crypto Heist by North Korea's Lazarus Group
Bybit was targeted in an unprecedented crypto heist, losing $1.46 billion from its Ethereum cold wallet. North Korea's Lazarus Group exploited vulnerabilities in Bybit's multisig signing process, deceiving employees, including CEO Ben Zhou, into approving illegitimate transactions. The stolen funds were swiftly laundered. Bybit, however, quickly replenished its reserves, maintaining stability in user asset balances.
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