Paxos says the US SEC has approved its registration as a clearing agency, allowing it to provide clearing and settlement services for eligible transactions (Danny Park/The Block)

Paxos says the US SEC has approved its registration as a clearing agency, allowing it to provide clearing and settlement service…

Lenovo's stock is up 105% in May, marking its biggest monthly gain since 1999, after earnings showed AI-related revenue helped offset rising memory costs (Bloomberg)

Lenovo's stock is up 105% in May, marking its biggest monthly gain since 1999, after earnings showed AI-related revenue help…

Blue Origin's New Glenn rocket, which exploded during testing on Thursday, was set to ferry 48 Amazon Leo satellites on Monday; Amazon paid Blue Origin $2.7B (Financial Times)

Blue Origin's New Glenn rocket, which exploded during testing on Thursday, was set to ferry 48 Amazon Leo satellites on Mond…

Meta repeatedly snubs EU body over Facebook and Instagram user bans

Meta repeatedly snubs EU body over Facebook and Instagram user bans https://bit.ly/4wZvtpS The BBC has been contacted by hundred…

Swedish chip optical component maker Sivers, whose stock is up ~1,700% YTD, giving it a ~$2.5B market cap, has become one of the country's most-shorted stocks (Jonas Ekblom/Bloomberg)

Swedish chip optical component maker Sivers, whose stock is up ~1,700% YTD, giving it a ~$2.5B market cap, has become one of the…

Sources: Taiwan suspects three people smuggled at least one Nvidia chip shipment to China after first exporting them to Japan; Taiwan detained them last week (Bloomberg)

Sources: Taiwan suspects three people smuggled at least one Nvidia chip shipment to China after first exporting them to Japan; T…

Sources: EU leaders are divided on curbing Big Tech as they weigh cloud tender rules and giving EU companies preferential access to mobile satellite spectrum (Foo Yun Chee/Reuters)

Sources: EU leaders are divided on curbing Big Tech as they weigh cloud tender rules and giving EU companies preferential access…

Xiaomi reports Q1 revenue down 11% YoY to ~$14.6B, its first quarterly decline in three years, and net income down 57% to $695M amid a global memory price jump (Bloomberg)

Xiaomi reports Q1 revenue down 11% YoY to ~$14.6B, its first quarterly decline in three years, and net income down 57% to $695M …

Sources: ByteDance is offering low-priced stock options linked to growth in its Seed AI division to staff of the unit, a first, to fend off poaching from rivals (Financial Times)

Sources: ByteDance is offering low-priced stock options linked to growth in its Seed AI division to staff of the unit, a first, …

Sources: Chinese government agencies begin imposing overseas travel restrictions on individuals involved in advanced AI work, including at Alibaba and DeepSeek (Bloomberg)

Sources: Chinese government agencies begin imposing overseas travel restrictions on individuals involved in advanced AI work, in…

Sources: Meta, Google, and Amazon execs met Vatican officials on April 29, as part of a quiet lobbying push ahead of Pope Leo XIV's first AI encyclical (Océane Herrero/Politico)

Sources: Meta, Google, and Amazon execs met Vatican officials on April 29, as part of a quiet lobbying push ahead of Pope Leo XI…