Techub News - Hong Kong Web3 Media

Techub News reports that the U.S. Department of Justice (DOJ) is reviewing NVIDIA's $12.93 billion acquisition of the AI model platform Hugging Face. This move could reshape the competitive landscape of the AI industry and impact global regulatory approaches. (Crypto Briefing)

Techub News reported that the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced today sanctions against 10 individuals and 1 entity for their involvement in a North Korean government-run IT worker fraud scheme. The scheme uses forged documents, identity theft, and fictitious identities to place North Korean IT workers in legitimate companies in the United States and its allies, defrauding American businesses and generating revenue for North Korea's illicit weapons of mass destruction and ballistic missile programs. @USTreasury tweeted that North Korea continues to rely on such fraudulent methods to conceal the identities of its IT workers.

Techub News reports that the U.S. Depository Trust & Clearing Corporation (DTCC) has officially launched its tokenization service, initially supporting 34 securities. Currently, 20 DTC participants have signed access agreements, but the operating schedule for securities conversion orders is more limited compared to the around-the-clock token transfers. (The Defiant)

Techub News reported that AI index startup Silicon Data stated it is planning to cooperate with CME Group to launch a tradable product based on AI token expenditure. (Bloomberg)

Techub News reports that market data shows the price of Bitcoin has fallen below 82,000 USD, currently trading at 81,974 USD, with a 24-hour drop of 1.85%. (HashKey)

Techub News reports that Fidelity Bitcoin ETF customers bought Bitcoin worth $103 million in a single day. (Crypto Briefing)

Techub News reports that Binance has announced the addition of four tokenized stock trading pairs in the spot/flash exchange area, namely Blackberry (BBB), Mongodb Inc (MDBB), Penguin Solutions Inc (PENGB), and ProShares Ultra VIX Short-Term Futures ETF (UVXYB). (Binance announcement)

Techub News reports that the U.S. Congress is reviewing a proposal that considers allowing banks to hold cryptocurrencies and issue stablecoins. The proposal aims to provide a clear legal framework for traditional financial institutions to participate in the digital asset space, potentially accelerating the institutional adoption of cryptocurrencies. If the proposal is passed, banks will be able to directly custody customers' crypto assets and issue stablecoins pegged to fiat currencies such as the U.S. dollar, which could impact the stability of the digital asset market and the valuation of assets such as Bitcoin. (Crypto Briefing)