Invest ideasNews
26 May 2026, 08:30
Ondo Finance Confirms Founder Nathan Allman’s Death, Appoints Ian De Bode as CEO
Ondo Finance, one of the leading real-world asset tokenization protocols with over $3.79 billion in total value locked, has confirmed the unexpected death of its founder Nathan Allman. Ian De Bode has been named the new chief executive officer, effective immediately. Filling Big Shoes Ondo Finance, a blockchain protocol that brings traditional financial instruments onchain,
26 May 2026, 08:30
Squid Clarifies Role After $3.2M Gnosis Safe Exploit
The project clarified that the vulnerable contract was not built, deployed, or operated by Squid, despite early reports linking the exploit to its protocol. According to the team, the compromised module independently integrated with Squid among other protocols, while Squid’s core router infrastructure was unaffected throughout the attack. Gnosis Safe Exploit Drains $3.2M A third-party module connected to the Gnosis Safe ecosystem was exploited across the Ethereum and Base networks, which resulted in approximately $3.2 million being drained from 86 different Safes in a matter of two hours. Blockchain security firms Blockaid and PeckShield were among the first to report details surrounding the incident. The vulnerable contract was verified on Basescan under the name “SquidRouterModule,” which initially led to confusion due to its association with Squid. However, Squid quickly clarified that the contract was not built, deployed, or operated by the project itself. Pseudonymous Squid co-founder Fig stated in a post on X that the compromised module was unrelated to Squid’s core infrastructure. According to the team, the protocol’s main router architecture stayed completely separate and was not affected by the exploit at all. The attack was reportedly made possible because the module accepted a caller-supplied constant string as proof that a transaction message was secure. By passing this value, attackers were allegedly able to bypass signature verification mechanisms and execute arbitrary call data from victim wallets. Squid explained that this flaw effectively gave attackers the ability to spend tokens held in affected Safes without requiring legitimate wallet approvals. Security researchers said the exploit relied on Foundry-based exploit contracts that targeted the module’s DelegateBundler execution path. According to Blockaid , the attackers impersonated authorized delegates tied to each Safe and initiated arbitrary token swaps through Uniswap V3 liquidity pools. The stolen assets were converted into an attacker-created worthless token known as “u” through specially seeded liquidity pools controlled by the exploiter. After routing the assets through these pools, the attacker reportedly removed liquidity and consolidated the proceeds into approximately 3.07 million DAI. PeckShield stated that the funds are currently being held in a wallet beginning with “0xa447...54859.” Squid criticized early public reporting that incorrectly connected the exploit directly to its protocol. The team explained that the vulnerable contract merely shared the Squid name and independently integrated with several protocols, including Squid, without direct involvement from the project itself.
26 May 2026, 08:26
Ferrari shares slide as $640,000 EV raises doubts about brand’s future
Ferrari (RACE) got hit in the market on Tuesday after showing its first fully electric car, the Luce, a $640,000 model that has already turned into a fight about what the brand should even be in the EV age. The launch was held in Rome by the Italian luxury sports car maker based out of Maranello, Italy. “Luce,” meaning “light” in Italian, has been named for the message of clarity and direction. However, the trading community hasn’t quite approved of the decision as Ferrari stocks listed on the Milan exchange dropped 6.1% in morning trade after narrowing some losses. Within the year, its stocks have lost close to 27%. Ferrari tests loyal buyers with an electric car that looks nothing like its old supercars The Luce is not a traditional Ferrari with its sharp corners, rumbling engines, and chaotic beauty associated with the brand. This is an entirely new car, with a novel design – something that made its debut quite challenging for Ferrari. In the past, the manufacturer had announced that it would never make an all-electric vehicle but instead opt for petrol-powered hybrid vehicles. Benedetto Vigna, the CEO of Ferrari, revealed in Rome that the Luce required a development period of five years to come to life. Following its presentation, he referred to it as a serious technology project rather than just another experiment with the company’s first electric car. The car uses its own Ferrari-built electric motors on each wheel, enabling it to accelerate to 60 mph in 2.5 seconds, allegedly. The company also said it built the car’s parts in-house, wanting to keep control of repairs for years and help protect the car’s resale value. That matters at this price point, because nobody paying $640,000 wants a future museum piece that becomes impossible to service. At the moment, it is difficult for large automobile companies to operate in the electric car sector. Such prestigious names as Porsche and Lamborghini had to tone down their electric car production due to declining interest. It is becoming even harder for them since Chinese electric brands started creating pressure through more affordable, fast, and aggressive competition. Ford and Volkswagen are going back to gasoline-powered vehicles. This is due to poor sales of electric vehicles in America during the time of Donald Trump’s presidency. Ferrari executives answer backlash as social media splits over the Luce design The internet reacted like the car had personally insulted someone’s grandfather. One X account wrote: “Ferrari just killed their brand just like Jaguar did. This is straight to the junkyard trash.” Another account posted: “What is going on with European Luxury car manufacturers? First Jaguar and now Ferrari.” (Jaguar had faced backlash after changing its look and brand message.) A third X post said: “Absolute masterclass in design. Ferrari just unveiled the breathtaking LUCE concept, and it is a total game changer.” Flavio Manzoni, Ferrari’s chief design officer, spoke about the criticism in an interview with YouTuber Cleo Abram. After that first mention, Flavio said critics are part of building something new. He also admitted that an electric Ferrari with a very different shape is “polarising,” but said he thinks people may warm to it in the coming months. Benedetto also defended the design when CNBC asked whether Ferrari could satisfy both new buyers and its traditional customers. He said : “Look, when you do a new technology, you need always to keep in mind a word that is called respect.” He added: “Respect of the technology, because when you have a new technology, you need to make sure that that technology is properly represented in the design, so the design must be different.” According to Benedetto, the company will not leave behind its petrol and hybrid vehicles. The smartest crypto minds already read our newsletter. Want in? Join them .
26 May 2026, 08:16
Cramer warns Nvidia shareholders are being overlooked
Jim Cramer said on Monday night episode of Mad Money that Nvidia (NVDA) investors are being asked to accept too little from a company that has already become one of the biggest names in the stock market. Jim said the company still makes him happy, but the latest earnings reaction was a problem because even though the report beat earnings, the NVDA stock crashed and Wall Street seemed uninterested. Jim opened with a small breakfast story. He said he bought an egg, ham, and cheese sandwich over the weekend. He joked that it was not Taylor Ham, which already sounds like a very Jim thing to say. Then he said noticed the cook had written Nvidia on the order slip instead of his name. Jim said, “I wish, during the transaction, I could have explained what must happen to get this stock to hunt again. It is undeniable that with this quarter, Nvidia has, indeed, lost its luster.” Jim says Nvidia must give shareholders more after strong earnings failed to lift the stock In the past, a big earnings beat from Nvidia could light a fire under the stock. This time, Wall Street looked at the numbers and basically said, “Nice. What else?” However, Jim observed that the stock doesn’t seem to have the same kind of automatic affection with traders as in the past. NVDA shares rose from around $180 to close at a record high of nearly $236 within five trading days ahead of the quarterly report on May 14. Jim understood that people could say the rise wouldn’t continue at that pace, but then he mentioned that the market is like the playoffs, where every team is assessed based on their latest performance. As per that logic, some stocks had done better than NVDA. He also questioned whether Nvidia still deserves the old “own, don’t trade” tag. Jim did not fully throw it away, but he said the company needs a new plan, like for instance capital allocation, which is just the way a company uses its cash. Jim used AAPL stock as an example. He mentioned Luca Maestri, who was the previous financial chief at Apple, saying that he realized the power of having a lot of cash as long as the company used it wisely. Nvidia raises its dividend while investors watch Apple and Microsoft for comparison The Nvidia dividend payments have increased. This growth took place after increasing the payment to shareholders from $0.01 to $0.25, meaning a growth of 2,400%. The dividend for the entire year will be equal to $1 per share. This leads to the current yield being at 0.47%. While it is not a high yield compared to the current average yield in the S&P 500 of 1.1%, it is higher than Apple , which yields 0.35%. The new dividend yield is closer to Microsoft’s (MSFT) yield of 0.87%. Nvidia’s dividend story already looked strange in 2024 because its payout technically rose 900% after the company’s 10-for-1 stock split. Now the newer increase makes the number look much bigger on paper. The company can afford the payout. Nvidia reported diluted earnings per share of $2.39 in its latest quarter. That easily covers a full year of dividends at the current rate. The payout ratio is still tiny, so Nvidia has room to raise the dividend again if management wants to do that. But that does not mean it will happen. Big tech companies usually prefer share buybacks over large dividends. Apple and Microsoft both make heavy profits, yet they have not turned themselves into high-yield stocks. The reason is simple. Once a company starts giving investors bigger dividends, investors expect more. Every year becomes another test. That can get awkward for a company like Nvidia because its main story is still growth. Investors are buying Nvidia because of AI chips, data centers, and demand for computing power. They are not buying it because they want a tiny dividend check every quarter. The smartest crypto minds already read our newsletter. Want in? Join them .
26 May 2026, 08:13
First 'Good Buy Signal' on XRP Since March Flashes: Santiment Intelligence
XRP might see the return of volatility sooner than anticipated.
26 May 2026, 08:12
Binance users withdraw 122 million XRP as ETF inflows hit $116 million
🚨 122 million tokens withdrawn from Binance as $XRP hovers near $1.35. ETF inflows reached $116.75 million in just 16 days. 🔍 Key point: Rising withdrawals may signal investor accumulation in $XRP. Continue Reading: Binance users withdraw 122 million XRP as ETF inflows hit $116 million The post Binance users withdraw 122 million XRP as ETF inflows hit $116 million appeared first on COINTURK NEWS .
