FATF and BIS Highlight Systemic Risks of Stablecoins to Global Financial Stability
On June 24, the Financial Action Task Force (FATF) warned that stablecoins have become a preferred tool for illegal activities such as money laundering and terrorist financing. Their anonymity and borderless transaction features facilitate illicit use, while lagging global regulation and conflicting jurisdictions have amplified fraud risks. FATF emphasized that regulatory failures in a single jurisdiction could trigger global ripple effects.
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Hong Kong Unveils Ambitious Digital Asset Policy 2.0 to Lead Global Race
Hong Kong has launched its Digital Asset Policy Statement 2.0, marking a pivotal upgrade from its 2022 predecessor to solidify its position as a global leader in digital assets. The June 27 announcement emphasizes stablecoin regulation and asset tokenization as core priorities, aligning with the U.S. Senate’s recent passage of the Genius Act to regulate stablecoins, signaling intensified global competition in this burgeoning sector.
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IQM Achieves Quantum Computing Profitability by Emulating SpaceX's Early Revenue Model
Finnish quantum computing firm IQM has achieved early-stage profitability by leveraging a SpaceX-inspired strategy of selling pre-commercial quantum systems to government-backed research institutions and supercomputing centers, CEO Jan Goetz announced at The Next Web (TNW) conference. This approach has generated over €90 million ($100 million) in orders since its 2018 founding,
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Trump Administration Moves to Speed Up Offshore Critical Minerals Exploration
The Trump administration announced on June 25 that it will accelerate exploration and development of offshore critical minerals, foreign media reported.
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WEF Unveils Top 10 Emerging Technologies of 2025 at Summer Davos
At the 16th Summer Davos Forum on June 25, the World Economic Forum (WEF) officially released its 2025 list of Top 10 Emerging Technologies. The selected technologies include collaborative sensing, generative watermarking, green nitrogen fixation, nanozymes, engineered living therapies, GLP-1 drugs for neurodegenerative diseases, autonomous biochemical sensing, structural battery composites, osmotic energy generation systems, and advanced nuclear energy technologies.
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Anthropic Data Shows Minimal Demand for AI Emotional Support via Claude
Anthropic’s latest report reveals only 2.9% of users turn to its AI model Claude for emotional companionship, with conversations involving companionship or role-playing accounting for less than 0.5%. This contrasts sharply with perceptions of surging demand for AI companionship.
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US Considers Ending Semiconductor Exemptions for China Factories
The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) is planning to revoke "blanket exemptions" that allow TSMC, Samsung Electronics, and SK Hynix to use American technology in their Chinese mainland facilities without prior approval, The Wall Street Journal reported on June 20. If implemented, the move would force these companies to apply for individual licenses for U.S.-made semiconductor equipment shipments to China, with approval processes potentially dragging on for months and disrupting production upgrades and capacity expansion .
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China, Hong Kong Launch Cross-Border Payment Connect System
China’s central bank and Hong Kong’s monetary authority launched "Payment Connect" on June 22, linking mainland China’s Online Interbank Payment Clearing System (IBPS) with Hong Kong’s Faster Payment System (FPS) to enable real-time cross-border remittances. The initiative, announced in a joint statement on June 20, aims to streamline cross-border transactions for residents in both regions.
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