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Excessive AI spending risks global financial consequences, BIS warns

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The AI investment surge is a potential flashpoint for systemic risk, “as financing has relied on enormous debt and highly leveraged nonbank structures that can rapidly unwind,” one analyst said in response to the report.

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Solana Company to back Kazakhstan’s $6B crypto megacity ambition

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Nasdaq-listed Solana Company has signed a memorandum of understanding with Kazakhstan’s Alatau City, which seeks to become a key crypto hub in Central Asia.

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ESMA MiCA warning puts Binance EU service changes under scrutiny

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ESMA said EU crypto clients must be served through a MiCA-authorized entity as Binance faces questions over its servicing model in the region after the MiCA deadline.

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Michigan judge blocks Kalshi from allowing residents to place sports bets

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A Michigan Judge has temporarily blocked Kalshi from offering sports betting contracts to residents, escalating the state-federal fight over prediction markets and gambling laws.

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