News

Humanity Protocol's native token collapsed more than 80% following a hack in which attackers exploited a compromised private key to steal approximately $32 million. The breach represents a significant security failure for the project, with the private-key exploit enabling unauthorized access to funds. The token's sharp decline reflects immediate market reaction to the loss of funds and confidence in the protocol's security.

Hengli Petrochemical's stock dropped sharply after the US imposed new sanctions on Iranian oil, according to Reuters. The sanctions appear to directly impact Hengli Petrochemical, likely due to its reliance on Iranian crude as a feedstock. No further details on the scope of the sanctions or the magnitude of the stock decline are provided in the article.

The U.S. Department of Justice announced it will immediately reclassify FDA-approved marijuana from Schedule I to Schedule III under the Controlled Substances Act. This regulatory shift reduces federal restrictions on cannabis and has significant implications for cannabis companies operating in the U.S. The article frames the development in the context of its potential impact on investors in the cannabis sector.