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US commodities regulator proposes new federal crypto oversight rules

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The U.S. Commodity Futures Trading Commission proposed a federal regulatory framework for cryptocurrency exchanges offering leveraged digital asset trading. Announced by CFTC Chairman Michael Selig, the rules establish a new crypto asset market trading venue category for platforms serving retail customers. Participating exchanges must implement anti-market-manipulation controls, proof of reserves obligations, and intermediate customer trades through registered futures commission merchants. The initiative seeks to bring spot crypto markets under federal oversight following congressional impasse over the Clarity Act. While offering voluntary regulatory clarity away from state money-transmitter licenses, analysts note that administrative rules remain vulnerable to legal challenges and shifting political climates without formal legislation from Congress.

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The US said China was priming a trade superweapon. Then it vanished

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The state-backed Chinese logistics data platform LOGINK has experienced a significant global retreat, marked by stalled partnerships, unpaid bills, and abandoned offices. Launched two decades ago to streamline shipping by integrating customs and transport data, the system faced intense scrutiny from United States lawmakers and security officials. Washington warned that the platform could grant Beijing unprecedented visibility into international cargo movements and sensitive commercial or military shipments. Over the past four years, U.S. diplomatic pressure and public warnings discouraged international allies and port operators from adopting the software. Although Chinese transport authorities recently moved to connect LOGINK to additional domestic data streams, its global expansion has stalled. Investigations in Wenzhou revealed deserted operations hubs and ongoing domestic legal disputes over unpaid financial obligations, representing a major setback for Beijing's efforts to influence global trade digital infrastructure.

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Movie Review: Falling rocks, avalanches, heroism and greed converge in ‘The Last First: Winter K2'

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Amir Bar-Lev's new documentary, The Last First Winter K2, examines the commercialization of extreme mountaineering through the lens of the 2021 winter expedition on K2. The film follows Icelandic mountaineer John Snorri Sigurjonsson as he attempts an unprecedented winter ascent alongside dozens of other climbers. While ten individuals ultimately reached the summit during that historic season, the documentary avoids a conventional inspirational narrative. Instead, it critically highlights the cynical opportunism and severe safety hazards surrounding modern commercial climbs. Utilizing intimate archival footage and opening with a cautionary radio transmission from American climber Colin O'Brady, the film keeps the final tragic outcome shrouded in mystery until its conclusion. The documentary underscores the heavy personal sacrifices borne by climbers and their families in pursuit of extreme alpine milestones.

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An 0-4 hole and another fourth-quarter collapse: What’s breaking down for the Texans

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The Houston Texans dropped to zero and four after suffering a heartbreaking thirty-four to thirty loss against the Dallas Cowboys on Sunday. Houston held a late lead after scoring late in the fourth quarter. However, Dallas quarterback Dak Prescott engineered a brilliant late-game drive, connecting with CeeDee Lamb for the go-ahead touchdown with seconds remaining. Defensive breakdowns in the secondary during the second half once again undermined the Texans, mirroring similar late-game collapses earlier in the season. Head coach and players emphasized the critical need to execute and finish games cleanly. The defeat deepens early-season pressure on Houston as they attempt to reverse their losing streak. Last season, the Texans overcame a slow start to reach the playoffs, but mounting defensive struggles threaten their current campaign trajectory while the Cowboys improved their standing behind stellar offensive performances.

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