Malaysian authorities have summoned TikTok’s top management over slow responses to false information and complaints about TikTok Shop orders. The meeting will also address harmful content, signalling that social media platforms must cooperate quickly with local law enforcement.
WeatherlyOKX has been fined €2.25 million ($2.6 million) by the Dutch central bank for offering crypto services in the Netherlands without proper registration. The company said the issue is a resolved legacy matter and that all Dutch customers are now using its fully licensed European entity.
AnaisThe SEC and CFTC have launched a joint initiative to let registered U.S. exchanges offer spot crypto trading. They will provide guidance and review applications to ensure platforms comply with existing regulations.
AnaisAir China has partnered with Webus to let PhoenixMiles members pay for travel services using XRP, potentially reaching 60 million customers. The project’s rollout depends on regulatory approval and faces risks from XRP’s price volatility.
AnaisBithumb’s platform went offline for around 100 minutes on 2 September due to a technical fault, halting trading for thousands of users. The exchange has promised full compensation and opened a claims window from 3 September to 2 October.
WeatherlyCrypto streamer Gainzy accidentally sold his own token, causing its value to crash by 99 percent within seconds. The token dropped from $4.6 million to $12,000 before partly recovering to about $2.2 million.
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AlexOpenAI has increased its employee share sale from $6 billion to $10.3 billion, letting current and former staff sell part of their stock. The sale, at a $500 billion valuation, involves major investors like SoftBank and reflects strong demand for the company’s private shares.
WeatherlyPolymarket has been approved by the CFTC to relaunch in the U.S. after past fines and federal investigations. The platform can now operate legally following its $112 million acquisition of QCX, with support from high-profile investors including Donald Trump Jr.
AnaisWarner Bros Discovery has sued AI startup Midjourney, accusing it of producing and distributing unauthorised versions of its characters like Superman, Batman and Bugs Bunny. The case follows similar lawsuits by Disney and Universal, as Hollywood studios push back against AI tools using their creations without permission.
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