With aluminum prices up 20%, recycling startups bet on AI to cash in
Recycling startups are using AI to improve the recovery of critical minerals like aluminum, aiming to build a massive source of the metal. Source: AI News & Artificial Intelligence
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Kraken moves closer to UAE launch after Dubai regulatory approval
Kraken’s parent company, Payward, received preliminary approval from Dubai’s VARA, paving the way for UAE dirham funding, margin and OTC trading and institutional access via Kraken Prime. Source: Cointelegraph
US sanctions Sinaloa cartel-linked Ethereum addresses
OFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network allegedly converting drug proceeds into crypto. Source: Cointelegraph
Bitcoin’s ‘less aggressive demand’ may lead to months of consolidation: Analysis
Bitcoin demand and ETF flows weaken as BTC struggles below $80,000, raising risks of prolonged consolidation or a drop toward $65,000. Source: Cointelegraph
Jane Street accused of using Terra Telegram backchannel before UST crash
The private Telegram backchannel allegedly allowed Jane Street to unwind hundreds of millions in potential exposure “mere hours before” the Terra ecosystem’s $40 billion collapse. Source: Cointelegraph
Boerse Stuttgart taps SocGen, flatexDEGIRO for EU blockchain settlement push
Boerse Stuttgart’s Seturion has partnered with Societe Generale, SG-FORGE and flatexDEGIRO to build a pan-European blockchain securities settlement system. Source: Cointelegraph
Fed seeks input on limited payment accounts after Trump order
The US Federal Reserve proposed a limited “skinny” payment account framework for fintech and crypto firms and called for a temporary pause on Tier 3 applications. Source: Cointelegraph
OSL Strengthens Asia’s Digital Asset Ecosystem with Listing of State-Supervised Gold-Backed Stablecoin USDKG
OSL Group (863.HK) (OSL), a global stablecoin payment and trading platform, today announced that its Hong Kong-licensed digital asset exchange OSL HK has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. Source: Cointelegraph
Silvergate’s Fraher breaks silence on settlement with Gensler’s SEC
Former Silvergate executive Kate Fraher said the rule that prevented her from sharing her side of the story was unconstitutional. It was finally lifted by the SEC this week. Source: Cointelegraph
Tax evaders are trying ‘novel digital assets’ to dodge authorities: Chainalysis
Italian authorities uncovered a tax evasion scheme in which an individual allegedly used Bitcoin Ordinals and the BRC-20 token standard to generate and conceal $1.1 million. Source: Cointelegraph