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America wants to win the AI race but its own contradictions keep getting in the way
The United States is worried that China has its hands on advanced chip-making machines, sent to them by ASML. Howard Lutnick, the US Commerce Secretary, reportedly sat down with ASML executives several times to share his fear that an extreme ultraviolet (EUV) lithography machine had somehow landed in Chinese hands. Such a move would break...Cryptopolitan
Sat, Jun 20
Iran orders another shutdown of Strait of Hormuz
Iran has once again ordered the closure of the Strait of Hormuz and this decision is being justified by the fact that there have been more attacks on Lebanon. The Iranians are saying that the US and Israelis did not stick to the terms of the ceasefire agreement reached just a few days ago. The...Cryptopolitan
Sat, Jun 20
UK readies new clash with Big Tech over plan to force YouTube and Meta to promote British news
Following its social media ban, Britain’s government is preparing regulations that would force YouTube, Meta and other platforms to give greater priority to content from the BBC, ITV, Channel 4 and other British public service broadcasters. The UK government has been picking fights with major tech companies. Its social media ban for under-16s drew sharp...Cryptopolitan
Sat, Jun 20
ENS DAO proposes expanding Foundation powers in governance overhaul
The Ethereum Name Service DAO, otherwise known as the ENS DAO, published a temp check proposal on June 19 to restructure how the organization operates. The proposal, authored by katherine.eth and posted on the ENS governance forum, states that the DAO’s current structure forces token voters into operational decisions they sometimes have no business making....Cryptopolitan
Sat, Jun 20
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Today’s Market Recap: U.S. Stocks Rebound as Nasdaq Gains 1.11%, Memory Chip Stocks Rally, SanDisk Jumps 5.5%
US Stocks Close: Nasdaq Rises 1.1% as Tech Stocks Rebound, Memory Stocks Lead Gains With Micron Up Nearly 3%
Tesla Q3 Earnings Preview: Can Auto Margins Stabilize? Wall Street’s Highest Price Target at $550
US Memory Sector Slides Again Pre-Market as Micron, SanDisk, Western Digital Erase Monday Gains
US Stocks Close: Dow Rises Over 500 Points Amid Mixed News on US-Iran Talks; Some Tech Stocks Rebound, Meta Falls for Fifth Day
