that on January 17th, the European Commission took three additional technical investigation measures against the recommendation system of platform "X". On December 18th, 2023, the EU announced the launch of a "formal lawsuit" against social media platform "X" to evaluate whether it violated the EU's Digital Services Act (DSA) in terms of risk management, content review, and other aspects. The current additional investigation is a supplement to the previous lawsuit. The European Commission has requested that "X" provide internal documents and other materials related to its recommendation system.
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European Commission launches additional investigation into social media platform "X"
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OpenAI Ordered to Hand Over 20M ChatGPT Logs in NYT Copyright Case
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Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says
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Digital Asset Holdings, a blockchain company focused on the financial sector, has completed a new round of financing of $50 million.
as Wall Street giants are betting on the underlying technology of cryptocurrencies to handle traditional assets, Digital Asset Holdings LLC, a blockchain company focused on the financial sector, has secured new funding. This round of investors includes institutions such as BNY Mellon and Nasdaq. According to insiders, this round of financing amounts to $50 million, with S&P Global and iCapital also participating. This is the company's new round of fundraising following the $135 million financing completed earlier this year. Bloomberg reported in June that the previous round was led by DRW Venture Capital and Tradeweb Markets, with market makers Citadel Securities, IMC, and Optiver participating. -
Meta Platforms shares rose about 4% in pre-market trading after CEO Mark Zuckerberg announced plans to cut the Metaverse budget by 30%.
Meta Platforms (META.O) rose about 4% pre-market, CEO Zuckerberg plans to cut the Metaverse budget by 30%. -
The US will release a series of employment data tonight, and the probability of an interest rate cut has reached as high as 94%.
according to the schedule, at 20:30 tonight, the number of Challenger job cuts in the US for November will be released; at 21:30, the US initial jobless claims for the week ending November 29 will be announced, with an expected value of 220,000. In addition, at 23:00, the US Global Supply Chain Pressure Index for November and the US factory orders month-on-month rate for September will also be released. Although tonight's employment data is relatively important, the market is currently highly betting on a 25 basis point rate cut by the Federal Reserve in December. As of the time of writing, the probability of this event on Polymarket has reached as high as 94%. -
Trump's CFTC, FDIC Picks Closer to Taking Over Agencies as They Advance in Senate
The Senate's process is inching forward on a mass-confirmation that would include two nominations with major crypto implications.
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Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting
The state issued cease-and-desist orders to the firms to stop conducting "unlicensed online gambling" via their sports events contracts.
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Asia Morning Briefing: Polymarket Bettors Still Expect Big Strategy Buys Even as Saylor Prepares for a Weak Market
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