Trump Says He Will Target Yemen’s Houthis If More Tankers Are Targeted in the Red Sea

"Guppy-Level Death": Musk Warns Of Mass AI Neocloud Failures Amid Funding Crunch Authored by Felix Ng and Yohan Yun via Cointelegraph, Elon Musk warns that over 200 specialist AI cloud providers could fail or consolidate as lenders tighten up their purse strings. Musk said Sunday on X that lenders had largely stopped providing financing to companies without substantial revenue streams outside AI data centers. He said SpaceX had secured $40 billion in debt financing for GPUs because of its investment-grade status and revenue from its Starlink satellite internet and rocket businesses. "That means...

EU Watchdog EBA Details Big Crypto Fines As Landmark Laws Bite Authored by Robert Lakin via CoinTelegraph.com, The European Banking Authority on Friday unveiled a sweeping framework to penalize cryptocurrency issuers that violate the European Union’s digital-asset laws, signaling a tougher enforcement stance as the trade bloc finalizes its historic regulatory architecture. The consultation paper published June 26 establishes a standardized playbook for hitting non-compliant issuers of what the EBA considers “significant” tokens with potentially multimillion-euro penalties. Under the proposal, the Paris-based watchdog will deploy a strict two-step process to determine fines, assessing the...

China's Tungsten Chokehold Turns Almonty Into The West's Critical-Metal Lifeline Almonty Industries has evolved from a junior miner into an established tungsten producer and a pure play on the China decoupling theme, the incoming defense rearmament supercycle in the West, AI infrastructure, and, of course, critical-mineral scarcity. As Western governments race to rebuild a tungsten supply chain outside China, Almonty's producing assets and the ramp-up of its Sangdong and Panasqueira mines position the miner as a potentially critical supplier to the Western world. Let's begin with the catalyst. Beijing tightened tungsten...