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🎯 UBS hit with nearly $400M in fines for ‘misconduct’ by Credit Suisse in Archegos dealings. Archegos Capital Management, a former Credit Suisse client, used borrowed money to build massive positions in media companies like ViacomCBS but was unable to pay back lenders. CNN
Top Stories
🌎 Putin signs law on introduction of digital ruble in Russia. The new legislation officially empowers the Russian central bank to launch the first CBDC pilot with real consumers in August. Cointelegraph
🌎 Apple fixes new zero-day used in attacks against iPhones, Macs. The list of devices impacted by the two zero-days includes a wide range of iPhone and iPad models, as well as Macs running several old operating systems. Bleepingcomputer
🌎 U.S. may lift some China sanctions linked to abuse to deal with fentanyl crisis. Beijing has demanded the U.S. lift restrictions on a police forensics institute said by Washington to have facilitated human-rights abuses. NY Post
🌎 Pro-Chinese online influence campaign promoted protests in Washington. The Chinese firm used a network of over 70 fake news websites to promote pro-China content. CNN
🌎 Achieving Financial Inclusion in an Evolving Economic Landscape. Our new challenge is to extend innovative risk, governance controls, and U.S. fundamentals into growing native web-based services accessible by anyone, anywhere. Diplomatic Courier
🌎 How not to regulate DeFi 101. The creators of the DeFi bill may have had good intentions, but we’re glad their open-door policy for constructive criticism is truly open — because they didn’t get it right just yet. Blockworks
🌎 Who Will Control Wagner’s Empire of War and Gold? The complex network of companies belonging to the paramilitary group will make any Kremlin takeover a challenge. WSJ
🌎 China secretly sends enough gear to Russia to equip an army. Shipments of military-capable hardware expose a China-sized loophole in Western sanctions. Politico
🌎 Inside the Orb: The Untold Story of Worldcoin’s Launch. If the goal is to freely give out tokens to everyone, in this AI-enabled future, how can we be sure we’re handing out the loot to a human, and not an AI-powered fake? CoinDesk
🌎 Disruption of transnational migrant smuggling network leads to 62 arrests. An operation targeting a transnational criminal network smuggling Cuban nationals to the European Union has led to the arrest of scores of individuals, including 25 Cubans. Interpol
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