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Crypto
CME CEO warns crypto perpetual futures could wipe out retail investors
CME Group CEO Terry Duffy (테리 더피) voiced strong concern about U.S. regulators approving crypto perpetual futures, warning they could pose excessive risks to retail investors and harm financial market stability. He said the products often offer leverage of up to 50 times, meaning a 2 percent adverse price move can trigger full liquidation. Duffy also criticised the review process as rushed and said retail investors may not understand funding fees or automatic liquidations.
Crypto
Russia steps up crackdown on illegal crypto trading with jail terms for violations
Russia is moving to criminalise cryptocurrency trading conducted outside its regulatory framework. A draft approved by the Moscow city government would introduce penalties for organising digital asset distribution without registration or a licence from the central bank. Proposed punishments include fines and forced labour, rising to up to 7 years in prison and a 1 million rouble fine for organised crime or large-scale damage. Broader crypto rules are expected from 2026, with criminal provisions from 2027.
Mobility
Tesla is no longer an EV company, Elon Musk\'s big picture
Elon Musk has said Tesla is not a car company, and recent results suggest it is focusing more on AI and robots. Musk told investors Tesla will stop producing the Model S and X and instead build the humanoid robot Optimus. Tesla is investing $2 billion in xAI and considering cooperation with Musk\'s AI startup. Tesla posted its first annual revenue decline and a sharp profit drop as costs rose.
