CoreWeave is set to acquire AI developer platform Weights & Biases for $1.7 billion, merging its high-performance computing infrastructure with popular AI model tools. Meanwhile, the U.S. Department of Defense is enhancing military operations with AI, launching the Thunderforge platform for strategic planning and decision-making, while ensuring human oversight remains integral in high-stakes scenarios.
about CoreWeave and Weights Biases Merge to Enhance AI Infrastructure and ToolsUniti Group Inc.
0 in Finance and 0 in Crypto last weekEU Sanctions Garantex and the Rise of Best Wallet Token
The European Union has imposed historic sanctions on the Russian cryptocurrency exchange Garantex, citing its connections to sanctioned banks and its role in facilitating illicit financial activities. This action, mirroring previous sanctions from the US and UK, restricts investor access to funds and disrupts Garantex’s operations. In contrast, non-custodial wallets like Best Wallet offer enhanced security and control, making their token, $BEST, an attractive investment option amid ongoing market volatility.
about EU Sanctions Garantex and the Rise of Best Wallet TokenUpbit Challenges South Korean Regulators Amid Increased Crypto Oversight
Dunamu, the parent company of South Korea’s largest crypto exchange, Upbit, has filed a lawsuit against the Financial Intelligence Unit (FIU) to contest a business suspension order. The FIU accused Upbit of inadequate customer due diligence, leading to restrictions on new customer transactions.In a related move, South Korea has established a Joint Investigation Unit (JIU) to tackle cryptocurrency-related crimes, comprising 35 financial regulators and prosecutors. This initiative follows a successful temporary task force that resulted in multiple charges and arrests for fraud and market manipulation.
about Upbit Challenges South Korean Regulators Amid Increased Crypto OversightBybit Receives UAE Approval Amidst Major Hack and Global Expansion Efforts
Bybit has received in-principle approval from the UAE’s Securities and Commodities Authority to establish a virtual asset platform, just days before suffering a $1.4 billion hack. This approval is a key step towards offering comprehensive digital asset services in the region. The exchange is also expanding globally, having resumed operations in India after paying a penalty, while facing regulatory challenges in the European Economic Area and Malaysia.
about Bybit Receives UAE Approval Amidst Major Hack and Global Expansion EffortsSEC Ends Enforcement Actions Against Crypto Exchanges Amid Regulatory Shift
The SEC has halted enforcement actions against Coinbase and Robinhood, signaling an end to its aggressive regulatory approach towards crypto. This shift comes as the agency restructures its focus on fraud cases with identifiable victims, while the Department of Justice imposed $504 million in penalties on crypto exchange OKX for operating an unlicensed business. Meanwhile, Bybit suffered a significant hack, with nearly $1.5 billion in Ethereum stolen by North Korean hackers, highlighting ongoing security challenges in the crypto space.
about SEC Ends Enforcement Actions Against Crypto Exchanges Amid Regulatory ShiftUpbit Exchange Faces Three-Month Sanction as Trading Volumes Plummet
South Korea’s Financial Intelligence Unit (FIU) has imposed a three-month restriction on Upbit, blocking new customers from depositing or withdrawing cryptocurrencies due to regulatory violations. As a result, Upbit’s trading volume has plummeted by 70% since January, now at $4.6 billion. Existing users can still access all services while Upbit works with regulators to address compliance issues.
about Upbit Exchange Faces Three-Month Sanction as Trading Volumes PlummetBybit Restores Services in India After Registration and Major Hack
Bybit has registered with Indian authorities and restored services after facing a fine of 9.27 crore rupees for non-compliance with the Prevention of Money Laundering Act. This follows a significant hack by the Lazarus Group, resulting in over $1.4 billion in stolen assets, which exposed security vulnerabilities in centralized exchanges. Despite the hack, Bybit’s CEO confirmed that the exchange maintains more reserves than liabilities and has seen a return to normal withdrawal activity.
about Bybit Restores Services in India After Registration and Major HackSouth Korea imposes three month ban on new clients for Upbit
South Korea’s Financial Intelligence Unit has imposed a three-month ban on new customer transactions for the cryptocurrency exchange Upbit due to violations related to unregistered crypto asset service providers. Upbit has acknowledged the sanctions and is working on necessary improvements, stating that some restrictions may be subject to change. Existing customers can continue to use all services without interruption.
about South Korea imposes three month ban on new clients for UpbitHyperliquid Surges 176 Percent Amid Bitcoin and Ethereum Declines
Hyperliquid’s native token HYPE has surged by 176% since its December 2024 launch, contrasting sharply with Bitcoin’s 3% decline and Ether’s 32% drop. This growth is driven by a robust buyback strategy and significant annual fees of $400 to $500 million, alongside a historic $7.5 billion airdrop in January 2025. Despite its success, concerns remain about the unpredictable nature of the crypto market and the challenges ahead for Hyperliquid.
about Hyperliquid Surges 176 Percent Amid Bitcoin and Ethereum DeclinesCoinbase Explores Return to India as Regulations Evolve
Coinbase is in talks with India’s Financial Intelligence Unit (FIU) to potentially re-enter the market after suspending operations in September 2023 due to regulatory challenges. The FIU has begun registering offshore crypto exchanges, allowing platforms like KuCoin and Binance to return after penalties. Coinbase’s chief legal officer, Paul Grewal, has joined the US-India Business Council, emphasizing India’s growing Web3 ecosystem and the company’s commitment to compliance with evolving regulations.
about Coinbase Explores Return to India as Regulations EvolveCoinbase Engages Indian Regulators for Market Re-Entry After Hiatus
Coinbase is engaging with Indian regulators to re-enter the market after halting operations due to regulatory challenges. The firm’s return hinges on obtaining necessary approvals, including an FIU operating license, as India reassesses its crypto regulations amid a growing global pro-crypto sentiment. Meanwhile, Binance has successfully resumed operations in India, signaling potential rejuvenation in the local crypto sector.
about Coinbase Engages Indian Regulators for Market Re-Entry After HiatusBybit Pays One Million Dollar Fine to Resume Operations in India
Bybit, the world’s second-largest crypto exchange, has re-entered the Indian market after paying a $1 million penalty and securing registration with the Financial Intelligence Unit (FIU-IND). The exchange had previously suspended operations in India due to non-compliance with anti-money laundering regulations. Following the settlement, Bybit is set to resume full services, emphasizing its commitment to regulatory compliance and transparency.
about Bybit Pays One Million Dollar Fine to Resume Operations in India