😲Hackers Cash Out From $1.5B ByBit Heist

☀️Good morning. It's Monday, Mar. 10, and we're covering, Facebook Marketplace Helps Keep Young Users On The Platform, North Korean Hackers Cash Out Hundreds Of Millions From $1.5 Billion ByBit Heist, Mark Carney Wins Race To Succeed Trudeau As Canada's Prime Minister, and much more. First time reading? Sign up to get this newsletter: Sign up here.  

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $2.71 Trillion, a 4.09% decrease in the last 24 hours.

• The total crypto market volume over the last 24 hours is $102.87B, which makes a 101.19% increase.

• The total volume in Defi is currently $6.35B, 6.17% of the total crypto market 24-hours.

• The volume of all stablecoins is now $95.93B, which is 93.25% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 60.49%, an increase of 0.17% over the day.

XRP, ADA, SOL Tumble As White House Crypto Summit Disappoints Traders

The White House Crypto Summit failed to meet traders' expectations, leading to steep declines in XRP (-3.5%), Cardano’s ADA (-5%), and Solana’s SOL (-4%), while Bitcoin (-2.5%) held up better. Investors had hoped for major pro-crypto announcements from President Trump, including a U.S. strategic crypto reserve, but instead, the summit delivered plans for stablecoin legislation by August and a lighter regulatory approach—which disappointed the market. (Read Deeper)

BUSINESS & FINANCE

Facebook Marketplace Helps Keep Young Users On The Platform

While Facebook’s popularity among young users has declined, its Marketplace feature remains a strong draw. A 2024 Pew Research study found that only 32% of U.S. teens use Facebook, down from 71% in 2014. However, many young people engage with Facebook specifically for Marketplace, which offers a free and convenient way to buy and sell goods. Analysts say its affordability, sustainability appeal, and trust factor—since users link their Facebook profiles—make it especially attractive to younger buyers.

Takeaways: Launched in 2016, Facebook Marketplace now has 1.1 billion users across 70 countries, competing with eBay and Craigslist. Unlike its competitors, Marketplace doesn’t charge listing fees, and local pickups help avoid shipping costs. In January 2025, Facebook partnered with eBay, allowing select eBay listings to appear on Marketplace in the U.S., Germany, and France. This move is expected to drive $1.6 billion in additional sales for eBay while expanding Marketplace’s reach. ( Read Deeper )

Trump Says TikTok Sale Could Happen ‘Soon’ With Four Bidders In Play

Donald Trump stated that four groups are negotiating to buy TikTok’s U.S. operations, with a deal potentially happening soon. While he didn’t name the bidders, TikTok faces an April 5 deadline to sell or be banned under U.S. law. ByteDance, TikTok’s Chinese parent company, has resisted selling, despite CEO Shou Chew’s outreach to U.S. officials. The company remains highly valuable, recently buying back employee shares at a $312 billion valuation.

Takeaways: Potential buyers include a group led by billionaire Frank McCourt and Reddit co-founder Alexis Ohanian, a bid involving Jesse Tinsley and YouTube star MrBeast, and a merger proposal from Perplexity AI. Trump has also mentioned Oracle co-founder Larry Ellison, whose company currently provides cloud hosting for TikTok’s U.S. user data. China’s government would need to approve any sale, and Beijing has so far been unsupportive. Reports suggest officials have evaluated an option involving Elon Musk, but he has denied interest. (Read Deeper)

TECHNOLOGY & SCIENCE

North Korean Hackers Cash Out Hundreds Of Millions From $1.5 Billion ByBit Heist

North Korean hackers, known as the Lazarus Group, have successfully laundered at least $300 million from their record-breaking $1.5 billion crypto heist targeting the exchange ByBit. The hackers exploited a vulnerability in one of ByBit’s suppliers, rerouting 401,000 Ethereum coins to their wallets. Crypto exchange eXch is under scrutiny for allegedly allowing the hackers to cash out over $90 million. While eXch’s owner claims to be cooperating now, he initially hesitated due to a dispute with ByBit.

Takeaways: Experts believe the stolen funds may be used to support North Korea’s military and nuclear programs. The hackers are working nearly 24/7 to obscure the money trail, using sophisticated laundering techniques. So far, ByBit has managed to recover some funds through its "Lazarus Bounty" program, offering rewards for tracking and freezing the stolen assets. However, a portion of the funds has already "gone dark," making recovery unlikely. (Read Deeper)

DOJ Push For Google To Sell Chrome But Eases Stance On AI Investments

The U.S. Department of Justice (DOJ) is still pushing for Google to sell its Chrome browser as part of an ongoing antitrust case but has softened its stance on the company’s AI investments. The DOJ’s latest proposal maintains its demand for Chrome’s divestiture and restrictions on Google’s search-related payments to partners. Google plans to appeal the ruling and has countered with its own proposal, arguing that the DOJ’s measures would harm consumers, the economy, and national security.

Takeaways: The department no longer seeks to force Google to divest its AI investments, including its stake in Anthropic. Instead, it will require Google to notify regulators before making future AI investments. Additionally, a decision on whether Google should divest Android will be left to the court, depending on market conditions. The proposal follows a court ruling that Google illegally maintained a search monopoly. (Read Deeper)

AROUND DE WORLD & POLITICS

Mark Carney Wins Race To Succeed Trudeau As Canada's Prime Minister

Former Bank of Canada and Bank of England governor Mark Carney has won the race to become leader of Canada’s Liberal Party, succeeding Justin Trudeau as prime minister at a time of rising tensions with the U.S. under President Trump. Carney, a political newcomer, won with 86% of the vote, defeating former Finance Minister Chrystia Freeland. Initially trailing in polls, the Liberals have surged to a statistical tie with opposition leader Pierre Poilievre as Canadians rally behind Carney.

Takeaways: With Canada embroiled in a trade war with the U.S., Carney positioned himself as the best candidate to negotiate with Trump, vowing to keep C$30 billion in retaliatory tariffs in place until the U.S. shows "respect." He also framed the election as a fight for Canada’s sovereignty, following Trump’s repeated taunts about annexing Canada as the 51st state. (Read Deeper)

Israel Cuts Off Electricity To Gaza, Impacting Water Supply

Israel has cut off electricity to Gaza, affecting a desalination plant that provides drinking water to central areas of the territory. The move comes amid ongoing ceasefire negotiations, with Israel pressuring Hamas to release hostages in exchange for further talks on a lasting truce. Meanwhile, ceasefire talks continue, with Israel preparing to send a delegation to Qatar.

Takeaways: The power cut has worsened Gaza’s humanitarian crisis, with aid groups warning of severe water shortages. International organizations, including the U.N., have condemned the blockade, warning that it could amount to collective punishment. The U.S. has also confirmed direct discussions with Hamas, suggesting that a long-term truce could be possible if the militant group agrees to disarm. (Read Deeper)

ENTERTAINMENT & SPORTS

Arteta’s Trophy Drought Continues As Arsenal’s Title Hopes Fade

Mikel Arteta’s 200th Premier League game as Arsenal manager ended in disappointment as his side drew 1-1 against Manchester United, dealing another blow to their fading title hopes. Despite dominating possession (68.2%), Arsenal struggled to break down a vulnerable United team, needing a late Declan Rice goal to salvage a point after Bruno Fernandes' first-half free-kick. With Liverpool now 15 points ahead, Arsenal’s inability to capitalize on their title chances is becoming a recurring theme. (Read Deeper)

Amazon Confirms James Bond Will Stay British And Male

Following Amazon MGM Studios’ acquisition of the James Bond franchise, an internal memo reportedly confirms that 007 will remain a British (or Commonwealth) male. This clarification comes amid speculation about potential changes under Amazon’s ownership.
James Bond, a cinematic icon since 1962’s Dr. No, has been overseen by the Broccoli family for decades. However, last month, Amazon finalized its buyout of longtime producers Barbara Broccoli and Michael G. Wilson, taking full creative control. (Read Deeper)

PODCAST(WHAT WE ARE LISTENING TO)

• ​In a recent episode of the "My First Million" podcast, hosts Sam Parr and Shaan Puri interviewed Brent Beshore, who has achieved significant financial success by acquiring and managing traditional, often overlooked businesses. (Listen)

EXTRA BREVITI

• Small Plane Crashes in Pennsylvania, Injuring Five. (Read More)

• Doomscrolling, the compulsive act of consuming endless bad news on your phone. (Read More)

• South Korea Braces for Unrest Ahead of Yoon Impeachment Ruling. (Read More)