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Industry

Hanwha Power wins approval for 151 MWh battery ESS electric container ship design

Hanwha Power won approval from U.S. classification society ABS for the concept design of a 1,700-TEU battery-powered container ship, the company said on Thursday. The design applies a large-capacity 151 MWh battery energy storage system and uses container-type batteries to secure propulsion power. It is designed to operate without direct carbon emissions while sailing by linking with port charging infrastructure. Hanwha Power also plans to broaden its eco-friendly ship propulsion solution portfolio.

Crypto

Underdog to roll out cryptocurrency deposit feature by year-end

U.S. sports prediction market Underdog plans to introduce a feature by year-end that lets users deposit stablecoins and cryptocurrencies directly into prediction market accounts. The company is working with infrastructure platform Zerohash to enable qualified customers to add funds through the Underdog app outside bank hours, including evenings and weekends. Underdog and Zerohash executives highlighted speed and expanded choices. Some services may be unavailable in New York, and crypto holdings are not covered by FDIC or SIPC protection.

AI & Enterprise

OpenAI nears up to $30 billion fundraising led by UAE at $1.25 trillion valuation

OpenAI has entered the final stages of raising up to $30 billion in funding based on a valuation of $1.25 trillion, in a round positioned as bridge financing ahead of a potential initial public offering. CNBC reported, citing people familiar with the deal, that OpenAI's valuation is expected to exceed $1 trillion. UAE investors are leading the round, with Coatue also expected to participate, though the final amount has not been set.