Happy Monday, Zingernation! If you use a computer, as one or two of you might, your data probably got leaked this past weekend, in what researchers have called the mother of all data breaches.

Twenty major brands had 100+ billion leaked records, with Tencent's 1.5 billion being the largest. Western consumer favorites like LinkedIn, X, Venmo, Canva, Apollo, and Adobe have also been affected. 

I’m not sure about you but I’m going to update my passwords just to be safe.

Today, we’re taking a look at what's fueling PayPal’s stock surge ahead of Q4 results, how FTX nearly doubled its to repay customers and more.

Plus, check out these shirts if you want to look good and feel even better this year.

And, did someone forward you this email? Click here to subscribe to this Benzinga newsletter and more.

MARKET SNAPSHOT

FINTECH FOCUS

PayPal's Phoenix Moment?

Briefly: PayPal benefited from its credentials as a "COVID-19 play" during the pandemic years, but has since then been locked in lackluster range.

So Basically: PayPal shares, consolidating under $100 since April 2022, gained volume momentum in mid-January.

So Then: The gain sparked discussions on social media platforms and chatrooms, fueling speculation about its emergence as a new meme stock.

So What? The emphasis may be on the “meme.” Analysts from KeyBanc Capital Markets and Morgan Stanley expressed concerns about PayPal’s digital wallet market share and a lack of significant product announcements.

What Next: Read more here.

PRESENTED BY COLLARS & CO.

How to Keep Your Collar Crisp with Absolutely Zero Effort

The key to looking sharp is in the collar. Problem is, we don’t want to drag an iron out every time we need to look sharp. Thankfully, Collars & Co. (featured on Shark Tank and backed by Mark Cuban) has solved this problem. Their polos and dress shirts have changed the entire industry of dressing up for men.

Because their collars give you that crispy, clean look without all the fuss. These shirts have changed our whole approach to winter layering. Before Collars & Co, we’d layer our sweaters over a t-shirt. Now, we pull on one of their polos for a crisp, clean look that lasts all day.

Check out these shirts if you want to look good and feel even better this year. You won’t find a better or easier way to do it.

Click here to check them out.

FIVE ZINGERS

Eyes On November: Two U.S. presidential candidates have taken a firm stance against central bank digital currencies (CBDC).

Standstill: The United States is falling behind China, India, and the European Union in the development of CBDC’s, according to The Atlantic Council.

Heist At The Showbox: Amazon MGM Studio is making a film on the Bitfinex Bitcoin theft, involving Heather "Razzlekhan" Morgan and Ilya Lichtenstein, convicted of stealing $4 billion worth of cryptocurrency.

Mass Adoption: The Principality of Liechtenstein is at the forefront of this transformation, now accepting cryptopayments through xMoney for its government services.

Not A Meme: Solana addresses surged significantly in January 2024, peaking close to record high levels seen only in May 2022.

CRYPTO CORNER

FTX Ramps Up Cash Reserves In Attempt To Repay Customers Amid Bankruptcy

Briefly: FTX nearly doubles its cash to $4.4 billion by selling crypto assets in an effort to repay customers.

What Happened: Key affiliates of FTX significantly increased the group's cash to $4.4 billion by the end of 2023, a substantial rise from the $2.3 billion recorded in late October.

So What? Despite these measures, FTX has admitted that full customer repayment is unlikely. The trading value of customer claims has risen recently, with claims over $1 million trading at approximately $0.73 on the dollar, an increase from $0.38 cents in October.

What Next: Read more here.

PRESENTED BY COLLARS & CO.

The World's Comfiest Dress Shirt

Fellas. It’s time. We have lived in a world of discomfort for too long. And, finally, we have found the solution.

Collars & Co. provides extremely high quality clothing that not only looks great, but feels amazing, too. Specifically, their now famous Dress Collar Polos which enticed Mark Cuban to invest a million dollars on Shark Tank.

They offer a special firm collar technology that keeps the collar sitting up all day. No bacon collar here! We wear them under blazers, under sweaters, and on their own to level up our look without the uncomfortable stiffness of a traditional long sleeve button down.

Restock your closet with these.