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EU Commission proposes AI factories for startups and SMEs

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The AI factory launch comes after the agreement in December 2023 on the EU AI Act, the first global comprehensive law on powerful artificial intelligence models.

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Crypto brokerage FalconX acquires derivatives startup Arbelos Markets

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FalconX’s CEO Raghu Yarlagadda said institutional confidence will strengthen with a more healthy, transparent crypto derivatives market in place.

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California man sues 3 Asia banks over $1M pig butchering crypto-fraud scam

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California resident Ken Liem has accused three banks of failing to perform adequate checks that could have blocked the scammers from opening accounts in the first place.

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Bitcoin investors pull $331M from BlackRock IBIT ETF in record outflow

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BlackRock’s IBIT has also seen a record three consecutive trading days of outflows.

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