Government & Technology - US government launches "Genesis mission" to boost tech innovation using AI, involving a public-private partnership with the Department of Energy, Nvidia, Dell, HPE, and AMD [1][2] Cryptocurrency & Legal Issues - Binance founder Changpang Zhao faces accusations of facilitating millions of dollars in payments to Hamas after the October 2023 attack on Israel [2] - Victims and families of the Israel attack filed a complaint alleging Zhao and Binance laundered money for the terror group [3] - Peter Coker Senior and Peter Coker Junior failed to pay over 55 million USD in restitution for their roles in a 100 million USD pump and dump stock scheme [4] Company Performance & Stock Activity - Xiaomi founder increased his stake in the company by purchasing an additional 13 million shares [4] - Xiaomi's stock has fallen more than 30% from its July peak [5] - Chinese EV maker NIO reported a smaller than expected Q3 loss, with revenue rising by 17% through October [5] - NIO's vehicle sales reached approximately 270,000, a 60% year-over-year increase [5]
The Wrap-Up for Tuesday November 25