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The U.S. Treasury has cut off MEXC Global from the American financial system, citing sanctions evasion and ties to cybercrime networks. It's a significant move against one of the larger offshore crypto exchanges, and a reminder that regulators are increasingly willing to use financial access as a lever against platforms operating outside their reach.
Staying in the crypto space, Strategy — the Bitcoin treasury firm formerly known as MicroStrategy — spent eighty-two million dollars adding more Bitcoin to its holdings while simultaneously buying back nearly one hundred eighty-eight million dollars of its preferred stock. The company funded both moves by selling two hundred eighty-four million dollars of common shares, all of this playing out just as MSCI flags certain companies for potential index removal.
On a different note, MIT Technology Review is pushing back on the idea that artificial intelligence will help solve the climate crisis. Experts argue the energy demands of large AI systems are substantial and growing, and that the vague promises of future efficiency gains don't yet justify the present-day carbon costs. It's a case, they say, that simply hasn't been made with any rigor.
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