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Ethiopia cuts power to Bitcoin miners as El Niño strains hydropower

Ethiopia has cut electricity supplied to Bitcoin miners to 23% of contracted levels after a 20% drop in reservoir inflows strained the country’s hydropower system. Bloomberg reported on Tuesday that El Niño had intensified dry conditions across the East African…

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Kakao sets 6 trillion won revenue target for KakaoAI by 2030

Kakao has set a 2030 revenue target of more than 6 trillion won ($4.3 billion) for its planned KakaoAI business as it prepares to bring AI agents directly into KakaoTalk and separate its investment operations into KakaoX. Yonhap reported on…

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Binance opens Capital Connect to wealthy investors with $1M in assets

Binance has opened its Capital Connect investment marketplace to eligible individual users for the first time, giving wealthy clients access to professionally managed strategies previously reserved for institutional investors. CNBC reported that the cryptocurrency exchange is expanding access as it…

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Japan FSA pushes blockchain adoption across financial infrastructure

Japan’s Financial Services Agency has made the adoption of blockchain-based on-chain finance a policy priority for its 2026 program year, with plans covering payments, securities settlement, tokenization and cross-border transfers. The Financial Services Agency outlined the direction in its 2026…

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Underdog sues Connecticut to block crackdown on sports event contracts

Sports gaming firm Underdog has sued Connecticut officials in federal court to stop the state from treating its sports event contracts as illegal gambling, extending its legal fight against state regulators to a sixth jurisdiction. According to Underdog’s lawsuit filed…

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Argentina commits to OECD crypto tax reporting framework by 2029

Argentina has committed to implementing the OECD’s Crypto-Asset Reporting Framework and starting the automatic exchange of information on crypto transactions by September 2029, bringing the country into a system now backed by 77 jurisdictions. The OECD’s Global Forum on Transparency…