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The assets, worth €183 billion and held mostly at Euroclear in Brussels, would fund Ukraine's defense and budget needs now, with repayment from future Russian reparations. De Wever demands EU-wide risk sharing and points to Belgium's ongoing aid via taxes on the assets' interest, expected to yield €1 billion next year. EU allies criticize Belgium's handling of those funds, while the standoff highlights strains in supporting Ukraine amid shifting U.S. policies. Diplomats hope for progress at December's summit.

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Belgian Prime Minister Bart De Wever wrote a firm letter this week, calling the EU's proposal to back €140 billion in loans with frozen Russian funds fundamentally wrong. He worries it breaks international law and risks Belgium's financial standing.

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Greg Ip explains how targeted price jumps in eggs, beef, housing, and more outstrip income gains, leaving first-time homebuyers and renters strained—half now spend over 30% of income on housing alone. Quick policy ideas like tariffs, rent controls, or rate cuts carry risks of recession or renewed inflation, he warns. Leaders like President Trump and NYC Mayor-elect Zohran Mamdani highlight the issue, while many call for bold changes from market shifts to reforms ending the Fed or curbing investor home buys.

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Families feel the pinch from higher housing, groceries, and everyday bills, even as wages slowly rise and inflation eases. A top economist asks if real relief is possible without bigger problems down the road.

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Cocoon runs on the TON blockchain and pairs AI developers needing processing muscle with GPU providers who earn cryptocurrency rewards. It uses Trusted Execution Environments to encrypt prompts and results, shielding them even from the hardware hosts. Telegram's billion users will soon feel the impact through features like message translation and voice-to-text in Mini Apps. Durov sees it as a privacy-focused rival to big cloud providers, with plans to scale up GPU supply and demand in the weeks ahead.

Key Takeaway

Pavel Durov just flipped the switch on Cocoon, a new network that lets developers tap into GPUs worldwide while keeping every bit of data locked tight. It's a fresh take on AI power, rewarding hardware owners with TON crypto along the way.

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Ukraine's anti-corruption bureau charged Timur Mindich and Oleksandr Tsukerman with embezzling around $100 million from state nuclear firm Energoatom through inflated contracts, kickbacks, and laundering. Mindich, a former co-owner of Zelenskyy's Kvartal 95 studio, and Tsukerman now face wanted notices and sanctions from Israel, complicating extradition. The case led to resignations of Ukraine's justice and energy ministers amid the war-torn energy sector's struggles. It tests Zelenskyy's reform promises as nuclear power remains crucial for the nation's fragile economy.

Key Takeaway

Raids revealed stacks of cash and a gold-plated toilet in one suspect's apartment, exposing a scheme that drained Ukraine's vital nuclear power funds. The businessmen, tied to Zelenskyy's entertainment past, fled to Israel just before investigators closed in.

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At the Jewish Federations of North America's General Assembly in Washington, D.C., Senator Ted Cruz argued that the $3.8 billion in annual military aid to Israel targets shared enemies like Hamas and Hezbollah, saving U.S. lives and costs while benefiting American defense firms. He highlighted Israel's Mossad providing critical intelligence to Washington and noted post-October 7, 2023, additional aid exceeding $14 billion amid regional conflicts. Cruz warned of declining support for Israel among young Republicans influenced by social media, citing GOP tensions between traditional hawks and an isolationist 'America First' wave.

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Senator Ted Cruz slammed U.S. aid to Israel as a mere 'pittance' that delivers priceless intelligence and security gains for America.

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Amorim took charge on November 11, 2024, after Ten Hag's dismissal, but United finished 15th last season with just 42 points—their worst Premier League placing. This season, after 17 matches, they sit seventh, three or four points off fourth-placed Chelsea, with Amorim at 1.20 points per game amid injuries and squad issues. Fans debate fiercely if sacking Ten Hag was wrong, as some see attacking gains and green shoots, while others fixate on the 48-point swing and demand results ahead of Boxing Day at Newcastle.

Key Takeaway

Manchester United supporters are poring over a tough stat: Rúben Amorim's 14 Premier League wins in his first 44 games fall far short of Erik ten Hag's 30 over the same span.

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The claim surfaced Friday, pairing images of Israeli Finance Minister Bezalel Smotrich and South African President Cyril Ramaphosa, but official Israeli sources show nothing to support it. South Africans noted their economy already struggles with 33% unemployment, frequent power outages, and growth under 1%, often blaming domestic governance. This comes as ties remain strained since South Africa's 2023 ICJ genocide case against Israel and ambassador recall after October 7.

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A post claimed Israel plans to cripple South Africa's economy over its Gaza stance. No evidence backs it up, leaving many to question the rumor amid real tensions.

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Between August 2022 and December 2023, Virgin Media migrated customers from analogue to digital phone services but failed to protect telecare users, leading to serious incidents in November and December when alarms could not connect to monitoring centres. Ofcom cited systemic failures and direct risks to vulnerable people, imposing the third-largest fine in its history, reduced by 30% after the company admitted liability. Virgin paused migrations, added manual checks and staff training, amid the UK's ongoing shift to digital lines by 2027 that requires careful handling for at-risk groups.

Key Takeaway

Elderly and disabled people rely on pendant alarms to call for help after a fall. Virgin Media's switch to digital lines left thousands of these devices silent during a critical period in late 2023.

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Ukraine's anti-corruption bureau charged Timur Mindich and Oleksandr Tsukerman with embezzling around $100 million from state nuclear firm Energoatom through inflated contracts, kickbacks, and laundering. Mindich, a former co-owner of Zelenskyy's Kvartal 95 studio, and Tsukerman now face wanted notices and sanctions from Israel, complicating extradition. The case led to resignations of Ukraine's justice and energy ministers amid the war-torn energy sector's struggles. It tests Zelenskyy's reform promises as nuclear power remains crucial for the nation's fragile economy.

Key Takeaway

Raids revealed stacks of cash and a gold-plated toilet in one suspect's apartment, exposing a scheme that drained Ukraine's vital nuclear power funds. The businessmen, tied to Zelenskyy's entertainment past, fled to Israel just before investigators closed in.

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At its Money Rails event in Buenos Aires on November 18 during Ethereum Devcon, Polygon announced partnerships with Mastercard and Revolut to enable mainstream cross-border payments. Revolut integrated Polygon for USDC, USDT, and POL transactions with zero fees for UK and EEA users, processing over $690 million in volume since December 2024. Mastercard selected Polygon as the default chain for its Crypto Credential system, allowing username-based transfers to self-custody wallets.

Key Takeaway

Polygon just unlocked zero-fee stablecoin remittances for Revolut's 65 million users—gas covered, instant transfers worldwide.

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In a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi dated Tuesday, Democratic Senators Elizabeth Warren and Jack Reed requested an investigation by December 1 into World Liberty Financial's compliance with anti-money laundering rules, sanctions, and governance. The demand stems from a September report by Accountable.US alleging the project sold $WLFI governance tokens to wallets linked to North Korea's Lazarus Group, a Russian sanctions-evasion stablecoin, Iran's NoBitex exchange, and the sanctioned mixer Tornado Cash. DT Marks DEFI LLC, controlled by Donald Trump and his family, holds 22.5 billion tokens and receives 75% of sales revenue, while the project lists Trump family members in prominent roles; World Liberty Financial maintains it has robust compliance measures with no evidence of wrongdoing.

Key Takeaway

Senators Elizabeth Warren and Jack Reed have fired off a letter urging a federal probe into World Liberty Financial, the Trump family's crypto project, over alleged sales to North Korean hackers and sanctioned entities.

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