Crypto exchange Binance says it prevented more than $10 billion in potential user losses over a span of 15 months, as AI supercharges the scale, sophistication and severity of crypto fraud at a pace the industry has never seen before. In a new report, Binance says AI is transforming the threat landscape in ways that make traditional security measures increasingly insufficient. “AI is amplifying social engineering at an unprecedented level, powering deepfakes, phishing bots, fake platforms, voice cloning, and impersonation across chat applications, exploiting trust and urgency. Today, 76% of AI-driven scams fall within the highest quartile for both scale…
Author: Henry Kanapi
Henry Kanapi
Henry Kanapi is a journalist and editor covering the intersection of artificial intelligence, financial markets, and technology disruption. He has sourced, written, and edited thousands of stories on crypto, banking, and macroeconomics as Senior Editor at The Daily Hodl, where he helped shape coverage for an audience of over two million monthly readers. At CapitalAI Daily, Henry brings a decade of newsroom experience to fast-paced reporting on AI breakthroughs, market shifts, fraud cases, and regulatory battles. His focus is on accuracy, clarity, and exposing how money moves in the age of artificial intelligence. Henry’s work has been cited by leading financial outlets, investment firms, and research communities tracking the future of markets. He is committed to a high editorial standard rooted in transparency and trust.
The investor who gained legendary status after nailing the 2008 housing market collapse urges investors to cut exposure to one specific area of the market and accumulate buying power. In a new Substack post, Michael Burry says investors should start thinking about cashing in gains, particularly in stocks that have risen almost in a straight line, CNBC reports. “An easier way for most is to simply reduce exposure to stocks, to tech stocks in particular. For any stocks going parabolic, reduce positions almost entirely.” While Burry did not mention specific names, a number of AI chips and memory stocks have…
A senior Bank of America strategist says the current equity rally is built on solid fundamentals that any pullback from current levels should be seen as a buying opportunity rather than a warning sign. In a new CNBC interview, Marci McGregor, head of portfolio strategy at Bank of America, says the market is being driven by three converging forces that give her confidence the underlying bull case remains intact. “If we get weakness after this really strong recovery from the March lows, I would see it as a buying opportunity because this is a market that is being fueled by…
Wedbush Securities analyst Dan Ives has raised his Apple (AAPL) price target by $50, believing that the iPhone maker is entering a golden age as AI witnesses more consumer adoption. In a new CNBC interview, Ives says Apple is poised to extract charges from the consumer use of AI chatbots like ChatGPT, Gemini and Claude. According to Ives, the setup indicates that the iPhone maker is primed to see its revenue grow by billions of dollars every year. “But it really starts what’s going to be the foundation for consumers. They’re going to be using AI when it comes from…
Goldman Sachs says the US equity market will likely ignite more rallies en route to recording fresh all-time highs. In a video update, Brian Garrett, head of equity execution on Goldman Sachs’ Cross Asset Sales desk in Global Banking and Markets, says the S&P 500’s recovery from its March 30th lows has been remarkable. But he notes that historical data suggests that May could see muted returns for the index. “We think more record highs could be ahead for US equity markets. The S&P has had an extremely volatile start to the year, falling dramatically during the month of March…
Cybercriminals are turning to AI to power their investment scams while hijacking a legitimate advertising platform to hide their operations. The California-based cybersecurity firm Infoblox says in a new report that over six months, it kept an eye on how cybercriminals used Keitaro, a legitimate advertising performance-tracking platform. According to Infoblox, it is well-known that thieves are abusing Keitaro to hide the true nature of malicious websites from content moderators, advertisers and security researchers while precisely targeting potential victims. “We examined four months of data starting October 1, 2025, to determine how much of that use was malicious. During this…
Billionaire venture capitalist Chamath Palihapitiya warns that a critical reckoning for markets is coming, noting that the AI boom has yet to produce a single measurable improvement in corporate profitability. In a new episode of the All-In podcast, Palihapitiya says the companies building AI infrastructure deserve their current valuations but warns that the broader market cannot sustain the current level of AI spending without visible returns. According to the billionaire, AI has not shown an impact on corporate America. “The people that make the new thing needs to get valued and needs to demonstrate value. Who are the people making…
Billionaire investor Paul Tudor Jones believes the stock market has more room to run to the upside, but warns that the rally will ultimately end in one of the most severe corrections in modern memory. In a new CNBC interview, Tudor Jones says the current AI boom is reminiscent of the PC-driven productivity miracle during the late 70s and early 80s. “I would say 1977 when Apple dropped theirs was kind of like ChatGPT, but it wasn’t until Microsoft brought their PC in 81 when you got widespread commercial adoption. ChatGPT in 22 — I think Claude Code in January…
US employers have announced tens of thousands of job cuts, with tech firms spearheading the layoffs, according to the global outplacement firm Challenger, Gray & Christmas. In its latest report, Challenger says US firms reduced headcount by 83,387 jobs last month, representing a 38% increase from March and the third highest monthly total since 2009. Tech led last month’s round of job cuts, after the sector announced 33,361 roles were laid off. The figure marks a 33% increase from the same period last year and the highest year-to-date total for the sector since 2023, when 113,944 technology cuts were recorded.…
An elderly Bank of America (BofA) customer says he lost tens of thousands of dollars to a fraudster after receiving “proof” that he was speaking with a member of the U.S. Marshals Service. The victim, who prefers to stay anonymous out of embarrassment, says he got a phone call from a woman posing as an Apple representative, CBS reports. The man’s son, Tony, explains that the woman warned him about fraudulent charges on his account, saying his father’s account has been compromised. According to the victim himself, the woman handed the phone over to another person who claimed to be…