Headlines

Thiel Capital’s Jack Selby nabs stakes in hot startups like Etched through Arizona connections

Nvidia competitor Etched announced this week that TSMC had manufactured its first chip earlier this year. While the four-year-old startup valued at $5 billion is getting ready to ship systems powered by that chip to customers later this summer, scaling production may prove challenging. Like other chip designers, Etched must compete for limited capacity at…

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Binance Returns to the Philippines Through Regulated Local Partnership

Key Takeaways Binance resumed access to the Philippine market by partnering with Blockshoals under the SEC’s supervised crypto regulatory sandbox framework. Meanwhile, the initiative starts with a 90-day integration period before eligible users can begin joining through the approved local entity. Previously, regulators blocked Binance’s platform, but the new structure could shape future compliant cryptocurrency…

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Why Brazil’s Central Bank Wants to Classify Stablecoins as Electronic Monetary Instruments

Key Takeaways Brazil’s central bank argued stablecoins are electronic money, setting the stage for strict new regulations. Crypto group Abcripto rejected this view, warning the classification will stifle local stablecoin adoption. The bank also aligned VASP oversight with securities rules, threatening smaller crypto firms with closure. Central Bank of Brazil pushes for electronic money regulation…

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