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Binance has launched its 62nd project on Launchpool, introducing Vana (VANA), a native EVM-compatible L1 blockchain for user-owned data. Users can lock BNB and FDUSD to earn VANA tokens from December 14 to 15, with trading starting on December 16. The total rewards for the Launchpool are 4,800,000 VANA, with a maximum of 8,500 VANA per user in the BNB pool and 1,500 VANA in the FDUSD pool.
In late November 2024, a US court lifted OFAC sanctions against Tornado Cash, a decentralized mixer protocol, while co-founder Roman Storm faces serious criminal charges, including money laundering. The court ruled that immutable smart contracts are not classified as "property," challenging regulatory frameworks and highlighting the need for updated approaches to blockchain technology. Despite ongoing legal issues, Tornado Cash continues to gain traction in the decentralized finance space.
Radiant Capital has confirmed that a $50 million hack of its DeFi platform in October was executed by a North Korea-aligned hacking group. The breach, traced back to a malware-laden Telegram message, exploited a developer's trust, leading to undetected malicious transactions despite the platform's security measures.Following the incident, Radiant partnered with cybersecurity firms to investigate, revealing that the attack's planning made it nearly imperceptible during routine checks. The platform's total value locked has plummeted over 97% this year, highlighting ongoing security challenges.
South Korean President Yoon Suk Yeol's brief declaration of martial law on December 3, aimed at curbing political dissent, was swiftly overturned by parliament the next day amid widespread protests. The incident has raised concerns over potential impeachment proceedings and political instability, reminiscent of past crises in the country. While the KOSPI Index has dropped over 2%, analysts suggest the market impact may be temporary, with opportunities for tactical investments in Korean bonds and equities.
Global Wolf has adapted its Mosphera vehicles for military use, incorporating features like stable seating for snipers and infrared lights, responding to specific requests from units. Despite interest from various military distributors, budget constraints hinder significant orders, reflecting broader challenges in European defense procurement and innovation. The ongoing war in Ukraine has highlighted the need for closer integration between military and tech industries, yet bureaucratic hurdles remain a significant barrier to rapid advancement.
Kaja Kallas and António Costa, newly appointed EU leaders, visited Kiev to express solidarity with Ukraine amid ongoing conflict. Their trip, while symbolic, did not yield new military or financial commitments, as concerns grow over potential U.S. policy shifts under Donald Trump. Ukrainian President Zelensky is now open to a ceasefire, linking it to NATO membership for unoccupied territories, emphasizing the need for strong security guarantees.
Satya Nadella's keynote at Microsoft’s 50th anniversary highlighted the company's transformation and success in AI, particularly through the launch of an OpenAI-powered support bot that saved $100 million. Despite past controversies and privacy concerns surrounding new features like Recall, Nadella emphasized learning from mistakes and adapting to maintain relevance in a rapidly evolving tech landscape.
The cryptocurrency market has recently surged, with a global market cap exceeding $3.1 trillion, marking a 2.8% increase in just one day. Amid ongoing conflict, Ukraine is intensifying efforts to combat financial crimes related to cryptocurrencies, training officials in Vienna. Meanwhile, the Russian Ruble has plummeted to a 17-month low against the dollar due to economic pressures from the war.
Trump"s promises of a federal workforce overhaul could significantly impact Washington, D.C."s economy, which relies heavily on government jobs. Local leaders express concern over potential job relocations and cuts, fearing a downturn in economic activity as downtown office vacancies remain high. Despite past efforts to reduce federal presence, the number of federal employees in the region has actually increased during Trump"s previous term.
Swiss Foreign Minister Ignazio Cassis urged Moscow to end the war in Ukraine during a UN Security Council meeting, emphasizing the urgent need to silence weapons after 1,000 days of conflict. He expressed concern over recent attacks on Ukraine"s energy infrastructure and highlighted the risks posed by North Korean soldiers supporting Russia. Cassis also called for a ceasefire in Gaza and reiterated the importance of a two-state solution for peace in the Middle East.
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