Due to the impact of Anthropic's introduction of the Claude code security feature, US cybersecurity stocks plunged across the board
On February 24th, several leading publicly traded cybersecurity firms saw their stock prices dip in the wake of Anthropic’s launch of Claude Code Security last Friday. The AI-powered code vulnerability scanning tool rolled out as a limited research preview on February 20th.
Per Anthropic’s website, its Claude chatbot can “scan entire codebases for vulnerabilities, validate each finding to cut down on false positives, and offer remediation suggestions for review and approval.” Claude’s code reasoning process is “similar to that of a seasoned security researcher”—it can grasp context, trace data flows, and “catch vulnerabilities missed by pattern-matching tools” before proposing fixes.
This week, shares of the top five U.S. cybersecurity firms by market cap have continued to slide. Palo Alto Networks—the largest U.S. cybersecurity company, with a $116 billion market cap—has seen its stock drop nearly 9% since the feature launched. CrowdStrike, which offers endpoint security, threat
13 minutes ago
A Chinese Entrepreneur Was Kidnapped and Murdered in Turkey, Suspects Seized Victim's Phone to Transfer a Large Amount of Cryptocurrency
**Chinese Businessman Kidnapped, Killed in Turkey; 10 Suspects Arrested**
According to Xinmin Evening News, 38-year-old Chinese businessman Wang was kidnapped and killed in Turkey, with his body later abandoned. Police announced Friday (Feb. 24) that 10 suspects have been taken into custody.
Suspects began tracking Wang from Istanbul Airport, confirming he dined with a female friend on Jan. 19. The woman was continuously messaging on her phone during the meal, an investigation found. When Wang and the woman left the restaurant to get into their car, four suspects forced him into another vehicle.
Several days later, officers found Wang’s body in a field: his hands, feet, and mouth bound with duct tape, and he had suffered severe head trauma.
Authorities said the suspects had a financial dispute with Wang. They stole his phone and withdrew a large sum of money from his cryptocurrency account. The 10 arrested include the female friend and nine men.
13 minutes ago
The Federal Reserve to Seek Public Comment on Proposal to Address "Banking Deserts"
The Federal Reserve Board will seek public comment starting February 24 on a proposal to eliminate "banking deserts"—areas where banks have denied services due to concerns about reputation risk.
The proposal restates the Committee’s policy position: prohibiting punitive blanket service terminations by banks or customer de-risking against those engaged in lawful activities, as well as refusing to open accounts for such individuals or entities.
Federal Reserve Vice Chair Michelle W. Bowman noted: "We have observed troubling cases where banks have denied services—with regulators pointing to reputation risk—forcing financial institutions to cut ties with customers based on their political views, religious beliefs, or involvement in unwelcome but legal businesses. Discriminatory conduct by financial institutions for these reasons is both illegal and inconsistent with the Federal Reserve’s supervisory framework."
Last June, the Federal Reserve announced it would no longer include "r
13 minutes ago
The Hong Kong Stablecoin Payment Company RedotPay is Considering U.S. IPO, with Expected Scale of $1 Billion
On February 24, market sources report that RedotPay—a Hong Kong-based stablecoin payment fintech firm—is weighing a U.S. initial public offering (IPO) with an expected valuation of $1 billion.
Earlier, RedotPay closed a $107 million Series B funding round led by Goodwater Capital. Participants include Pantera Capital, Blockchain Capital, Circle Ventures, and existing backers such as HSG (formerly Sequoia Capital China). The firm leverages stablecoins to offer global payment services and reports over 6 million registered users across 100+ global markets.
13 minutes ago