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AI & Enterprise

U.S. Commerce Department delays Megaspeed blacklist listing; probe halted and shifted after Nvidia contact

The U.S. Commerce Department is delaying action on placing Singapore cloud company Megaspeed on an export-control blacklist over allegations it brought Nvidia high-performance chips into China. A separate Commerce Department probe into suspected chip smuggling was shifted to the Justice Department after contact from Nvidia, reports said. Other U.S. agencies pushed for listing Megaspeed on the Entity List, but no decision has been made. Megaspeed has also been investigated by Singapore police.

Crypto

Coinbase wins full U.S. national trust bank charter, widening crypto custody market

Coinbase has received full approval from the U.S. Office of the Comptroller of the Currency for a national trust bank charter. The decision allows the company to operate institutional crypto custody under a federal supervisory framework. The charter does not grant commercial banking status, including taking retail deposits, making loans or issuing stablecoins. The trust bank must meet capital and liquidity requirements. Coinbase plans to move existing custody business to the national trust bank over three years.

Crypto

Ripple\'s RLUSD tops $1 billion in net inflows in three months, fastest-growing stablecoin

Ripple\'s stablecoin RLUSD logged more than $1 billion in net inflows over the past 90 days, making it the fastest-growing among major stablecoins, Decrypt reported. It was the only stablecoin to top $1 billion in three-month net inflows. Over the same period, USDC and Tether USDt recorded net outflows of $1.6 billion and $2.6 billion. RLUSD\'s market value and transfer volume rose, while its holder count and monthly active addresses declined.