13h ago
DOJ seizes cloud account tied to Huione Group to disrupt billions in crypto fraud flows
On June 23, the U.S. Department of Justice seized a cloud computing account used to run backend systems linked to Cambodia’s Huione Group, as authorities intensify efforts to disrupt crypto-enabled fraud laundering networks operating through messaging platforms and blockchains. The action targeted infrastructure supporting Huione Guarantee, a Telegram-based marketplace U.S. authorities allege served as an escrow hub for laundering illicit cryptocurrency proceeds. The details were set out in DOJ filings.
ETH
ETH-5.35%
13h ago
14h ago
Alphabet to join the Dow on June 29, replacing Verizon
Google parent Alphabet (GOOGL) will be added to the Dow Jones Industrial Average starting June 29, replacing Verizon (VZ). The move marks the Dow’s first component change since 2024. S&P Global said Alphabet’s larger market value, higher share price and diversified business mix make it a more representative Communication Services constituent. Because the Dow is price-weighted, with GOOGL trading at roughly seven times VZ, the change is set to give Alphabet a much larger weight in the index.
14h ago
14h ago
Indian stocks seen flat at the open as Fed hawkishness offsets a 0.5% drop in Brent
More oil tankers stranded in the Gulf since the start of the Iran war are expected to move through the Strait of Hormuz, pressuring Brent crude futures, which fell 0.5% to trade near four-month lows. As the world’s No. 3 oil importer and consumer, India typically benefits from lower oil prices through an improved inflation and growth outlook. However, rising expectations of tighter U.S. Federal Reserve policy have weighed on emerging-market risk appetite, offsetting some of the oil-related support. Foreign investors were small net buyers of Indian shares in the session, even as year-to-date outflows total $29.84 billion.
14h ago