xAI faces legal pressure over its use of gas turbines at its Memphis AI hub, highlighting growing concerns over the environmental and health impacts of Big Tech’s race to scale computing power.

China is actively seeking to challenge the dominance of the US dollar as the world’s primary reserve currency, with a strategic push to extend the digital yuan’s role in both domestic transactions and cross-border payments.

Meta Pool reported that its early detection system identified the exploit in real time, enabling the team to swiftly pause the compromised smart contract and contain the damage before further losses could occur.

President Trump has issued a third extension for TikTok’s US sale, confident China will eventually approve the deal. The move reflects TikTok’s rising political influence among young voters ahead of 2024. Yet with legal and trade issues unresolved, the outcome remains uncertain.

OpenAI has signed a $200 million deal with the US Department of Defense, expanding its role in government tech. The agreement launches “OpenAI for Government,” a new division focused on public sector partnerships.

The Trump Organisation will launch Trump Mobile in August, selling US-made phones at $499 with service on major networks and perks like telehealth and free international calls. But is the president prioritising profit over governance?

Satoshi Nakamoto created Bitcoin to sidestep centralised institutions and government control. But Coinbase’s sponsorship of a military parade has sparked debate: Is crypto abandoning its anti-establishment roots for mainstream acceptance?

A 26-year-old TikTok influencer and crypto trader was reportedly kidnapped in France and held for a €50,000 crypto ransom. But when the kidnappers found he had been all-in on XRP since 2018 and had little to show for it, they released him—allegedly sending $1,000 in USDT before letting him go.

The US Senate will hold a final vote on the GENIUS Act on 17 June, aiming to regulate stablecoins. While the bill has bipartisan support, critics argue it lacks strong consumer protections and raises concerns over Trump-related conflicts. If passed, it moves to the House for further review.

Between 13 to 30 May, 49 people in Singapore were arrested for allegedly helping launder scam proceeds by sharing personal data and account credentials. Authorities warn such crimes carry heavy fines and jail time.