AI Infrastructure & Power Race: JERA, Dell and UK’s RHAELM signed a $15B+ AI data center deal in Chiba, aiming to bypass slow grid hookups by drawing power directly from a gas plant. EU Crypto Enforcement: EU regulators are questioning Binance’s use of MiCA “reverse solicitation” to keep serving customers after its wind-down order, with possible enforcement looming. Stablecoins vs Central Banking: Switzerland’s SNB warned large stablecoins outside the two-tier system could make monetary policy harder to transmit, even as it continues wholesale CBDC work. Regulation Timing: The U.S. GENIUS Act stablecoin framework is set to take effect Jan. 18, pushing dollar-pegged tokens into a regulated lane. Market Pulse: Bitcoin slipped from a ~$85.5K peak to the low-$83Ks as Treasury yields stayed near multi-decade highs. Crypto Crime & Scams: India’s ED arrested an alleged key handler in the ₹7-crore “digital arrest” fraud, tracing crypto and foreign links; U.S. sanctions hit Tren de Aragua ATM malware funding networks, and TRON addresses tied to the gang were added to sanctions lists. Security & Risk: September saw a record $766.5M in crypto hacks, led by Bitget’s major exploit. Institutional Adoption: Singapore reported $284B in crypto activity, with institutional-platform activity up 94% to $60B.