China Urges EU to Halt Sanctions on Chinese Companies

China has called on the European Union to cease imposing sanctions on its companies and tarnishing its global reputation, according to a statement from the country’s commerce ministry on Tuesday. This appeal comes after Chinese businesses and individuals were included in the EU’s latest round of sanctions against Russia. A spokesperson for the ministry reiterated…

OKX Settles $505M with DOJ After Admitting to Compliance Violations

In a significant development for the cryptocurrency industry, global exchange OKX has agreed to pay $505 million in penalties after pleading guilty to operating an unlicensed money-transmitting business in violation of U.S. Anti-Money Laundering (AML) laws. This landmark settlement follows an extensive investigation by the U.S. Department of Justice (DOJ), which uncovered compliance violations spanning…

Elon Musk Pushes to Integrate Starlink into the U.S. Airspace System

Elon Musk’s SpaceX is working to deploy Starlink satellite internet terminals as part of an effort to accelerate the upgrade of the U.S. Federal Aviation Administration’s (FAA) national airspace system. According to sources familiar with the matter, the initiative raises concerns about potential conflicts of interest within Musk’s business empire and the impact on a…

German Elections: CDU/CSU Declares Victory

Germany is bracing for a period of political uncertainty following the national elections, where the conservative CDU/CSU bloc emerged as the leading party but fell short of securing a clear path to forming a government. With a highly fragmented political landscape and as many as seven parties potentially entering parliament, coalition negotiations are set to…

Ethereum Fluctuates as Bybit’s ETH Reserves Rebound Following Lazarus Group Hack

Ethereum’s price remained relatively stable over the weekend as the market digested the shocking $1.4 billion hack attributed to North Korea’s Lazarus Group. On Sunday, ETH traded at $2,795, recovering slightly from Friday’s low of $2,665. However, it remains roughly 32% below its December 2023 peak. Data from Coinglass suggests that Ethereum balances on Bybit…

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