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Zhao Changpeng: Binance's Greek MiCA license application was close to approval but was forced to withdraw due to external factors

According to The Block, Binance founder Zhao Changpeng stated that the MiCA license application submitted by Binance in Greece fully complied with regulatory requirements and was close to approval before being withdrawn, but ultimately the process was interrupted due to "external political factors."In an interview, Zhao Changpeng mentioned that several countries within the EU had expressed interest in the license, and there was even a certain degree of "competitive pursuit," but the regulatory progress was ultimately affected by non-regulatory factors, forcing the application to be withdrawn. Binance officially withdrew its application in Greece last week and stated that it would turn to other EU member states to continue pursuing MiCA authorization.In response to market rumors regarding his connections with high-level EU politicians, Zhao Changpeng stated that he had not seen any verifiable documents and only saw similar claims online, which he did not confirm. Zhao Changpeng also pointed out that the EU MiCA transition period will officially end on July 1, at which time platforms that have not obtained licenses must cease related services. Regulatory agencies in various countries have made it clear that they will not postpone enforcement, and they evaluate this outcome as a "lose-lose situation," using the regulatory processes in Japan and Singapore as examples to emphasize that compliance processes often require a longer period.Additionally, when discussing Strategy's STRC preferred stock product, Zhao Changpeng stated that its structure is "too complex" and expressed difficulty in fully understanding its mechanism, but emphasized that he does not comment on the credibility of its founder Michael Saylor, considering him a "staunch supporter of Bitcoin."

FTC approves Musk's acquisition of Mesh antitrust application, involving AI data center optical network layout

According to the latest disclosure by the Federal Trade Commission (FTC), Musk has obtained antitrust approval for the acquisition of the optical network startup Mesh Optical Technologies, which means the FTC has completed a rapid antitrust review and will not challenge the transaction on competitive grounds, clearing a major regulatory hurdle for the advancement of the deal. However, it has not yet been disclosed whether the transaction has been signed or completed.Mesh was founded by former SpaceX engineers, and its core product is optical transceivers for AI data centers, which can improve energy efficiency, reduce latency, and enhance reliability compared to traditional network hardware, in order to meet the demand for millions of optical connections brought about by the growth of AI computing clusters. The founding team was involved in the development of the laser communication system for SpaceX's Starlink satellite network and plans to deploy optical communication technology into space in the future, adapting to the inter-satellite laser communication needs of orbital data centers and AI satellite networks. The company completed over $50 million in financing led by Thrive Capital in February of this year.Acquiring Mesh is one of SpaceX's initiatives to strengthen the competitiveness of large-scale computing clusters. Currently, SpaceX has listed AI computing power as a core business segment, and its xAI has been operating a total of approximately 1GW computing power with the Colossus and Colossus II training clusters, making it the first company to deploy coherent gigawatt-level AI training clusters; among them, Colossus II will add over 400MW of computing power and introduce over 220,000 GB300 chips. It has signed computing power cooperation agreements with Anthropic, Google, Reflection AI, and others, directly competing with large-scale cloud providers such as Amazon Web Services, Microsoft Azure, and Google Cloud. This year, SpaceX has also reached a Terafab chip manufacturing plan with Tesla and Intel, extending its vertical integration capabilities in chip design and manufacturing.In the past week, SpaceX's stock price ended its upward trend, closing at $153.23 per share, down over 32% from its peak of $225.64 per share.

Hong Kong Securities and Futures Commission: Will continue to promote the construction of a regulatory framework for digital assets and support AI financial applications

According to Crowdfund Insider, the Chairperson of the Hong Kong Securities and Futures Commission (SFC), Laura Liang, stated at the Caixin Summer Summit that Hong Kong will continue to expand its digital asset regulatory framework and promote the application of artificial intelligence (AI) in the financial services sector to consolidate its position as an international financial center.Laura Liang pointed out that regulatory agencies will improve the institutional framework around areas such as digital asset trading, custody, investment consulting, and asset management, while adhering to the regulatory principle of "same business, same risks, same rules," achieving a balance between innovation and investor protection.She stated that as the application of AI in the financial industry accelerates, regulatory focus will include potential risks such as model reliability, algorithm bias, data privacy, and cybersecurity, emphasizing that financial institutions need to strengthen risk management during the innovation process.In addition, the Hong Kong Securities and Futures Commission and relevant regulatory agencies have expanded the regulatory sandbox mechanism, allowing financial institutions to test generative AI applications in a controlled environment to promote technological implementation and compliant development. Analysts believe that Hong Kong is further enhancing the openness and standardization of its financial markets through a dual regulatory framework for digital assets and AI, while also increasing its competitiveness in the global capital markets.
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