EU Orders Unlicensed Crypto Firms to Halt Operations Ahead of MiCA Deadline
The EU’s financial regulator directs unauthorized crypto firms to stop onboarding clients and start winding down activities before the MiCA transition ends on July 1.
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Crypto & Fintech
Markets & Macro
Dollar Surges to 13-Month Peak Amid Renewed Federal Reserve Rate Hike Expectations
The US dollar reached its highest level in over a year as markets repriced the likelihood of Federal Reserve interest rate increases, pressuring global currencies and exporters.
Trade & Tariffs
Cuba Condemns Recent US Sanctions Targeting State-Run Companies and Castro Family Member
Cuba criticized new US sanctions imposed on five state-owned firms and a relative of former President Raul Castro, describing the measures as an attempt to damage the nation’s economy.
Trade & Tariffs
US Targets Cambodia’s Prince Group and Affiliates in Cyber Scam Sanctions
The US sanctioned nine individuals and 26 entities linked to Cambodia’s Prince Group for orchestrating large-scale cyber scams that defrauded Americans of billions in 2024.
AI & Tech Regulation
DOJ Files Charges in Largest Ever U.S. Healthcare Fraud Operation Involving Southern California
Federal prosecutors charged 10 Southern California defendants as part of a nationwide crackdown on healthcare fraud schemes that allegedly stole billions from Medicare and Medicaid.
AI & Tech Regulation
China Regains Top Spot in Global Supercomputer Rankings with New CPU-Based System
China’s new supercomputer, LineShine, powered by domestically designed CPUs, surpasses US models, signaling a shift amid export restrictions on advanced AI chips.
Trade & Tariffs
Two Japanese Nationals Detained in China Over Suspected Smuggling Amid Rising Trade Tensions
China detained two Japanese citizens in May on suspicion of smuggling, highlighting growing challenges in Japan-China trade relations and rare earth export controls.
Trade & Tariffs
AI and Geopolitical Risks Shape China’s Summer Davos amid Slowing Global Growth
At China’s Summer Davos in Dalian, artificial intelligence and geopolitical tensions dominated as global economic growth forecasts were revised downward.
Defense & Security
Taiwan Conducts Rapid Response Drills Amid Rising Tensions with China
Taiwan launched a five-day military exercise simulating immediate wartime readiness as China’s latest aircraft carrier transited the Taiwan Strait.
Markets & Macro
Asian Tech Stocks Face Continued Pressure Ahead of Micron’s Earnings Report
Asian markets brace for further declines in tech shares as investors await Micron’s earnings, testing the resilience of the AI-driven chip demand rally.