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Artificial intelligence is set to revolutionize the world, empowering those nations that fully harness its potential. The U.S. is still seen as the world AI leader, but China is catching up. The race is central to the U.S.-China rivalry and a critical facet of the economic and military competition that will define the decade.
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In a sign of deepening turmoil in the crypto community, Babel Finance became the second major digital-asset lender this week to freeze withdrawals, telling clients it is facing “unusual liquidity pressures” as it contends with recent market declines.
“The crypto market has seen major fluctuations, and some institutions in the industry have experienced conductive risk events,” the Asia-based lender and asset manager said in a notice on its website to explain the temporary measure. A spokesperson at Babel told Bloomberg that the team has faced “some pressure” and “are working on it.”


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