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Musk Fights Back as EU Hits X with Record Fine in Tech Regulation Clash

Elon Musk has entered open conflict with the European Union after Brussels slammed his platform X with a staggering £120 million ($140 million) fine—the first major penalty under the bloc’s strict Digital Services Act (DSA). The fine triggered immediate political backlash from U.S. officials,
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Do Kwon Awaits Sentencing: Judge Probes Korea’s Penalties as Ex-Terra CEO Faces Years Behind Bars

One of the most controversial figures in the crypto world is approaching judgment day. Do Kwon, co-founder of the collapsed Terraform Labs project, is scheduled for sentencing on Thursday, December 11, after pleading guilty to two felony charges: wire fraud and conspiracy to commit fraud.
But
LUNA39.24%
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The U.S. Still Pushes for a Deal With India as Modi Deepens Ties With Putin

According to Bloomberg, two U.S. government delegations arrived in New Delhi this week in an effort to repair strained ties and revive stalled discussions on a trade agreement. Although both sides acknowledge that a deal is nowhere near completion, the goal is clear: keep the negotiations alive and
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Macron Warns China: EU Tariffs Possible if Trade Imbalance Continues to Grow

During his state visit to Beijing, French President Emmanuel Macron issued one of his strongest warnings yet to China. If trade imbalances between the European Union and China fail to improve, the bloc may be forced to introduce new tariffs on Chinese goods.
Macron has long tried to position
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Argentina Considers Reversing 2022 Ban: Banks May Soon Be Allowed to Trade Crypto Again

Argentina’s central bank BCRA is weighing a major policy shift that could reshape the country’s crypto landscape. According to officials familiar with the discussion, the bank is evaluating a plan to repeal the 2022 ban that prevented financial institutions from offering crypto trading and custody s
BTC-1.84%
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Bessent: The U.S. Economy Is Accelerating as Holiday Spending Surges

U.S. Treasury Secretary Scott Bessent said over the weekend that this year’s holiday shopping season is one of the strongest in recent years, and he believes the American economy is on track to finish the year in solid shape.
“The economy has been better than we expected. We’ve had two quarters of 4
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Democrats Claim Trump Family Built a Multi-Billion-Dollar Crypto Empire Using White House Influence

A new political storm is forming in Washington. Democrats on the House Judiciary Committee have released an extensive report alleging that former President Donald Trump and his family used presidential power to build a massive crypto fortune. According to the document, the Trump family supposedly
TRUMP-1.41%
WLFI-1.12%
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Upbit Hack Update: Exchange Uncovers Hidden Wallet Vulnerability Behind $30M Breach

South Korea’s largest crypto exchange is still working to recover from this week’s major security incident, but new findings point to a deep-rooted flaw inside its own wallet system. Upbit revealed that it identified and patched a critical vulnerability during its probe into the $30 million
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Bitcoin Is Redrawing the Industrial Map: Miners Go Where Energy Is Wasted — Not Where Labor Is Cheap

For more than two centuries, factories were built wherever ports, railways and cheap labor were available. Today, the rules are changing. The rise of digital industries has disrupted the traditional logic of “where industry should be located,” and Bitcoin mining demonstrates this transformation more
BTC-1.84%
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Stablecoins Enter a “Supercycle” as Polygon Executive Predicts 100,000 New Issuers

Digital finance is on the brink of a major transformation. According to Aishwary Gupta, Polygon’s Global Head of Payments and Tokenized Assets, the stablecoin sector has officially entered what he calls a “supercycle.” Over the next five years, this explosive growth phase could bring more
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Trump Signals an End to Federal Income Tax as Tariff Revenues Surge

The United States is experiencing another political and economic shockwave. President Donald J. Trump has suggested that his administration is seriously considering a historic shift: a dramatic reduction — and potentially a complete elimination — of the federal income tax. According to Trump, the
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Who Will Lead the Fed? Hassett Moves to the Front as Markets Watch Nervously

The United States is entering one of the most consequential decision-making periods of the coming year — the selection of the next Chair of the Federal Reserve. This choice will shape the direction of U.S. monetary policy for years to come and influence global markets, interest rates, lending
BTC-1.84%
ETH-1.64%
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Ethereum Approaches a Critical Milestone: What the Upcoming Upgrade Could Bring

The Ethereum ecosystem is heading toward one of its most significant updates in recent years. On December 3, the network is expected to activate the Fusaka upgrade — a change that reshapes the economic relationship between Ethereum’s main layer
ETH-1.64%
ARB-0.09%
OP-3.55%
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Is Cardano Dying? Can ADA Bulls Prevent a Deeper Bearish Trend?

Bitcoin’s drop below the key psychological level of $100,000 has injected fresh volatility into the broader crypto market. Major altcoins such as Ethereum, XRP and Dogecoin reacted with sharp swings — but Cardano moved in the opposite direction.
ADA has remained trapped in a narrow range,
ADA-1.91%
BTC-1.84%
ETH-1.64%
XRP-1.95%
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Interpol Issues Global Alert: Fraud Compounds Built on Forced Labor Declared an International Threat

Interpol has adopted a new resolution at its General Assembly in Marrakesh, declaring so-called fraud compounds—large criminal networks built on human trafficking and forced labor—as a major transnational threat. These organizations operate across multiple countries and rely on coerced workers to
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How Will the Crypto Market React to More Than $15 Billion in Bitcoin, ETH and XRP Options Expiry?

The crypto market is preparing for one of the most significant monthly expirations of the year, with Bitcoin, Ethereum and XRP options worth over $15 billion coming due. The event arrives at a moment when overall sentiment remains deeply fragile, even after a recent rebound that pushed major
BTC-1.84%
ETH-1.64%
XRP-1.95%
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Balancer Prepares to Refund Investors After Recovering Funds From $128 Million Exploit

Balancer is preparing to compensate users affected by one of the most significant attacks in its history. After recovering a portion of the stolen funds, the team has released a detailed plan outlining how reimbursements will proceed and how liquidity providers will be able to claim their losses.
B
BAL-1.06%
ETH-1.64%
BPT-17.17%
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Bitmine Immersion Technologies Buys Another 14,618 ETH as Institutional Interest in Ethereum Surges

Bitmine Immersion Technologies (NYSE American: BMNR) continues to expand its massive Ethereum holdings. According to on-chain analytics platforms, the company added 14,618 ETH on Friday—at a time when institutional demand is rapidly accelerating and spot Ethereum ETFs in the U.S. are seeing
ETH-1.64%
BTC-1.84%
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CME Hit by Major Technical Outage: Global Trading Suddenly Halted

Global financial markets were jolted early Friday morning after CME Group, the world’s largest derivatives exchange, abruptly halted trading across key asset classes due to a severe technical failure in its data center.
The outage affected FX, stock index futures, commodities, futures and
XRP-1.95%
SOL-4.37%
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OpenAI is growing — and its partners are taking on $100 billion in debt

While the world watches the explosive rise of artificial intelligence, a far less visible drama is unfolding behind the scenes: OpenAI’s partners are loading up on debt at a pace that has no modern equivalent.
The bill is approaching $100 billion.
Not for OpenAI itself —
but for the companies
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