Scale AI has cut 700 jobs, including 200 full-time staff and 500 contractors, as part of a major restructure. The company is narrowing its focus to coding, language and audio data after rapid growth created overlaps and confusion.
WeatherlyTokenize Xchange will shut down its Singapore operations by 30 September 2025 after failing to get a licence from the Monetary Authority of Singapore. The company plans to move to Malaysia and the UAE, and all 15 local staff will lose their jobs.
WeatherlyStrategy now holds over 600,000 Bitcoin worth nearly $71 billion, making it one of the biggest corporate treasuries in the US. Its chairman, Michael Saylor, has hinted at another large Bitcoin purchase with a cryptic post online.
AnaisMicrosoft is likely to follow the EU’s voluntary AI rules, while Meta has refused to sign, saying the code is too vague and strict. The EU’s code asks AI developers to share data details, follow copyright rules, and manage risks before full enforcement starts in August 2025.
AnaisA Colorado dentist is on trial for killing his wife by poisoning her with cyanide and chemicals found in eye drops. Prosecutors say he later asked his daughter to fake a video making it look like the wife took her own life.
WeatherlyA Japanese crypto group has asked the government to introduce a flat 20% tax on crypto trading profits. They say the current tax system is too high and stops people from investing.
WeatherlyThe SEC Chairman said Ethereum is not considered a security, which has encouraged companies to increase their Ethereum holdings. This clear regulatory view has helped boost Ethereum’s price and sparked more interest from investors and firms.
AnaisFederal Reserve Chair Jerome Powell is facing a criminal referral for allegedly lying to the Senate about the true cost and scale of the Fed’s $2.5 billion headquarters renovation. Internal documents suggest the project includes luxury features Powell did not mention, raising concerns over misleading testimony and public spending.
WeatherlyProsecutors in South Korea are investigating former First Lady Kim Keon-hee over possible links to a major crypto fraud case. They suspect her associates may have worked with a market manipulator behind scam coins that cost investors millions.
AnaisWestern Union is testing stablecoin payments in Latin America and Africa to make money transfers faster and cheaper. The move follows a new US law that supports stablecoin use, and the company may launch the service later this year.
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