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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

CHINA TO INTENSIFY CRACKDOWN ON VIRTUAL CURRENCIES

China's inter-agency meeting reiterated that virtual currencies lack legal fiat status, with all related activities constituting illegal financial operations. Vowing intensified crackdowns on speculative trading, the meeting specifically warned that stablecoins lack proper KYC and AML protections, enabling money laundering, illicit cross-border financing, and fraud, contrasting sharply with the US' favorable stablecoin regulatory environment under the recent GENIUS Act framework. The announcement comes despite China reemerging as the world's third-largest Bitcoin mining hub while Hong Kong operates under a separate autonomous jurisdiction with government-supported crypto initiatives.

APPLE TO REVAMP AI TEAM AFTER ANNOUNCING TOP EXECUTIVE'S DEPARTURE

Apple's senior vice president in charge of AI strategy has stepped down. His duties will be split among other senior vice presidents responsible for software engineering, services, and operations. Amar Subramanya, who was involved with developing Google's Gemini chatbot, will join Apple as vice president of AI. The reorganization signals a new era for Apple's AI work, which has so far failed to keep up with the industry.

SAMSUNG REVEALS GALAXY Z TRIFOLD, CONFIRMS US LAUNCH IN EARLY 2026

The Samsung Galaxy Z TriFold is set to launch in the US early next year. Its inner display measures 10 inches across. The phone's specs are overall pretty similar to the Galaxy Z Fold 7, though the battery is quite a bit bigger at 5,600 mAh. The device will come only in 'Crafted Black'. It only measures 3.9mm at its thinnest unfolded point. When folded up, the device measures 12.9mm thick, which is markedly thinner than the Galaxy Z Fold 5, which was only released two years ago.

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