Treasury Secretary Scott Bessent has warned that Chinese open-source AI models could face US sanctions over alleged IP theft through a training technique called distillation. The move escalates a simmering technical dispute into a matter of formal economic enforcement — with consequences for every actor in the global AI race.

For the first time in DeFi history, real-world assets — tokenized stocks, commodities, and indices — outpaced crypto perpetuals on Hyperliquid, the world's largest decentralized derivatives exchange. ARK Invest's research team says RWA trading on DeFi has reached a structural inflection point that rewrites the competitive map for the entire sector.

Fidelity’s support gives the crypto bill fresh institutional weight, but Democrats say the latest ethics language still leaves major loopholes around Trump-linked digital-asset ventures. The...