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DW Weekly #209 – Big Tech on global trial: lawsuits, data leaks, cryptocurrency and viral tendencies | Digital Watch Observatory

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DW Weekly #209 – Big Tech on global trial: lawsuits, data leaks, cryptocurrency and viral tendencies | Digital Watch Observatory

Home | Newsletters & Shorts | DW Weekly #209 – Big Tech on global trial: lawsuits, data leaks, cryptocurrency and viral tendencies

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The past week has delivered another wave of developments redefining the digital world. Legal battles involving Big Tech took centre stage on both sides of the Atlantic, with the EU and the USA involved in antitrust disputes, amid an escalating global trade war that may be fuelling this regulatory reckoning.

The EU has imposed its first fines under the Digital Markets Act (DMA), targeting Apple and Meta for anti-competitive practices. Apple faces a €500 million penalty for restricting app developers from directing users to alternative purchasing options outside its App Store. Meta has been fined €200 million for its ‘consent or pay’ model, which required users to either consent to personalised ads or pay a fee for an ad-free experience on Facebook and Instagram. ​

Meta is also facing fresh legal backlash in France as 67 French media companies representing over 200 publications filed a lawsuit alleging unfair competition in the digital advertising market.

European regulators are putting pressure on Big Tech, with Alphabet’s Google and Elon Musk’s X expected to be the next in line for penalties under the EU’s tough new digital rules. Despite US President Donald Trump’s objections, the EU appears undeterred, viewing the DMA as a veiled tariff on American tech firms.

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One of the potential conditions for Google to comply with regulatory requirements may involve divesting its Chrome browser, for which OpenAI has expressed acquisition interest.

South Korea’s data protection authority has flagged serious privacy concerns over the operations of Chinese AI startup DeepSeek, accusing the company of transferring personal data and user-generated content abroad without consent.

Dutch banking giant ING is preparing to launch a Euro-based stablecoin. It is teaming up with other financial institutions to form a consortium.

A viral development of the past seven days is the story about a controversial new startup called Cluely, which has secured $5.3 million in seed funding to expand its AI-powered tool designed to help users ‘cheat on everything,’ from job interviews to exams.

To finish, the blog: Dr Jovan Kurbalija, the Director of Diplo, is dealing with AI and linguistics this time. In his blog ‘Linguists in the AI era: From resistance to renaissance,’ he introspects the shift from initial scepticism among linguists to a newfound synergy, as AI tools enhance language analysis, translation, and cultural understanding in diplomacy.

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For the main updates and reflections, consult the Radar and Reading Corner below.


Highlights from the week of 18 – 25 April 2025

eu flags in front of european commissioneu flags in front of european commission

The EU has fired its first regulatory shot under the Digital Markets Act, fining Apple €500M and Meta €200M for anti-competitive practices. As US-EU digital tensions grow, the tech giants…

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DALL%C2%B7E 2023 04 26 13.49.29 Google company making money from Search engine clear full light 50mmDALL%C2%B7E 2023 04 26 13.49.29 Google company making money from Search engine clear full light 50mm

Prosecutors are calling for sweeping measures, including the sale of Chrome and a breakup of exclusive deals with device makers, including its Gemini app installed on Samsung devices, which reinforces…

cluely AI tool seed fundingcluely AI tool seed funding

Cluely’s founders say their tool challenges outdated norms, but critics warn it could erode trust in recruitment and education.

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CISA has extended MITRE’s contract to operate the CVE program for 11 months, ensuring continuity of vulnerability tracking services. Meanwhile, a new non-profit CVE Foundation has been established to support…

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Low-cost retailers face up to 145% tariffs under revised US trade rules.

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Analysts warn of potential sell pressure as 40 million TRUMP tokens prepare to hit the market.

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Three DDoS attacks disrupted payment services on Monday, with full functionality only restored by 3:40 am, severely impacting Adyen’s operations.

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With over 20 years in capital markets, Paul Atkins takes charge at the SEC, eyeing reforms for digital asset regulations.

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Nick Turley revealed OpenAI lacks a deal with Google and struggles to expand ChatGPT’s presence on Android despite a successful Apple partnership.

shlok jethwa zizRk437LyA unsplashshlok jethwa zizRk437LyA unsplash

Digital asset exchanges like Kraken are expanding into traditional finance, highlighting the growing synergy between digital assets and Wall Street.

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russians hack italian bank websitesrussians hack italian bank websites

Researchers warn of a phishing campaign using video call links to compromise Microsoft 365 accounts of NGOs focused on Ukraine and human rights issues.

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Demystifying AIDemystifying AI

www.diplomacy.edu

Demystifying AI: How to prepare international organisations for AI transformation? 🗓️ 29 April 2025 | 🕐 13:00–14:00 CEST

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Diplo Weekly Newsletter 2024 thumbnail 01Diplo Weekly Newsletter 2024 thumbnail 01

www.diplomacy.edu

Diplo Academy will launch the Humanitarian Diplomacy online diploma course on 16 September 2024 in partnership with the International Federation of Red Cross and Red Crescent Societies. Stay updated on courses by subscribing to their newsletter.

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dig.watch

The conference, organised by Medicus Mundi Schweiz, will provide a platform for examining the evolving role of AI and digital technologies in shaping public health and sexual and reproductive health…

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www.diplomacy.edu

Trump and tech: After 100 days Date: 30 April 2025Time: 10.00 EST | 14.00 UTC | 16.00 CESTDuration: 90 minutesLocation: Online

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The Cryptocurrency That Could Be About to Explode 1,000% | The Motley Fool

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The Cryptocurrency That Could Be About to Explode 1,000% | The Motley Fool

This tiny AI coin could be ready to skyrocket in 2026.

It’s slim pickings in the crypto market right now, with nearly every cryptocurrency down 25% or more over the past 90 days. But if you’re willing to dig for bargains and hold your nose at the same time, it’s possible to come up with some potential blockbuster plays for 2026.

My favorite pick right now is Artificial Superintelligence Alliance (FET 0.25%), down 68% over the past 90 days, and more than 80% for the year. This is exactly the type of beaten-down cryptocurrency that could be ready to explode higher by 1,000% or more over the next 12 months.

Rules for picking 1,000% winners

In order for any cryptocurrency to soar 1,000% or more within a relatively short period of time, it needs to meet a few key criteria. First of all, it needs to be dirt cheap — that’s the only way to attract speculative retail money. So, as a first cutoff, let’s narrow our search to beaten-down cryptos trading for $1 or less.

Second, the cryptocurrency needs to be in a red-hot sector or backed by a red-hot investment thesis. Within the blockchain and crypto world, there are plenty of potential hot ideas to choose from, including real-world asset tokenization, stablecoins, and decentralized finance (DeFi).

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But let’s face facts here: If you try explaining real-world asset tokenization or stablecoins to your friends and family over the winter holidays, you’ll probably be met with a very frosty reception. The investment narrative needs to be easy to grasp and easy to explain. And I can’t think of a better one right now than artificial intelligence (AI).

Image source: Getty Images.

So let’s further narrow our search down to so-called AI coins. This was once a red-hot category, and includes some major names like Bittensor, Render, and Artificial Superintelligence Alliance (FET 0.25%).

The case for buying Artificial Superintelligence Alliance

Of these AI coins, the only one that’s trading for less than a buck right now is Artificial Superintelligence Alliance (the cryptocurrency formerly known as Fetch.ai). It has a super-low discount price of $0.20 — almost as cheap as some meme coins. In order for FET to explode in price by 1,000%, all investors need it to do is hit a price of $2.20.

Fetch Stock Quote

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(-0.25%) $-0.00

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Current Price

$0.21

Thankfully, it has already done that in the past. In March 2024, Artificial Superintelligence Alliance hit an all-time high of $3.47. So, getting back to a price level of $2.20 may not be as insurmountable as it seems at first.

Moreover, the crypto (via the involvement of Fetch.ai in the alliance) is at the forefront of the hot new field of agentic AI, so there’s plenty of long-term growth potential.

Just keep in mind that there’s a big reason the price of Artificial Superintelligence Alliance has cratered by nearly 95% over the past 18 months. Simply put, investors have given up on the “alliance” that was supposed to create the world’s foremost AI coin.

The multistep merger process that was supposed to result in a single token called ASI has gone on much longer than expected. It has also been much messier than many people expected. In October, Ocean Protocol — one of the three big AI players involved — finally pulled out of the alliance, and that sent the price of FET tumbling.

What can investors expect in 2026?

As recently as December 2024, the price of Artificial Superintelligence Alliance was around $2. That’s why I’m optimistic about a potential rebound in price in 2026. Crypto traders have likely overreacted and are now dumping this AI coin indiscriminately.

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That being said, a 1,000% surge in price is by no means guaranteed. It’s quite possible that the price of Artificial Superintelligence Alliance could go to zero. So, buckle up now if you plan to invest in this AI coin — the path ahead is likely to be filled with turbulence and stomach-churning moves up and down.

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China Discovers ‘Largest’ Undersea Gold Deposit in Asia as State Mining Ambitions Expand

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China Discovers ‘Largest’ Undersea Gold Deposit in Asia as State Mining Ambitions Expand
China says it has uncovered Asia’s largest undersea gold deposit, a massive offshore find that strengthens domestic supply, reshapes regional resource rankings, and highlights Beijing’s accelerating push to secure strategic minerals.
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North Korean hackers allegedly stole record $2.02 billion of cryptocurrency in 2025. Here’s how they did it | Stock Market News

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North Korean hackers allegedly stole record .02 billion of cryptocurrency in 2025. Here’s how they did it | Stock Market News

North Korea remains dominant threat to cryptocurrency security in 2025, even while confirmed incidents have decreased, according to a report by blockchain analytics company Chainanlysis.

Hackers from the Democratic People’s Republic of Korea (DPRK) allegedly stole a record $2.02 billion of crypto this year — a 51% jump compared to 2024, and taking their all-time total to $6.75 billion, it added.

The analysis further found that the DRPK is achieving larger thefts with fewer incidents, using unique methods to gain access and pull off their heists.

North Korea’s alleged crypto heists: Here’s how they did it

As per the report, these hacks were often carried out in unique fashion by embedding IT workers inside crypto services or using sophisticated impersonation tactics targeting executives.

Embedding IT workers

This is among the DPRK’s “principal attack vectors”, the report said. It added that the hackers secured jobs inside crypto services to gain privileged access and enable high‑impact compromises.

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“Part of this record year likely reflects an expanded reliance on IT worker infiltration at exchanges, custodians, and web3 firms, which can accelerate initial access and lateral movement ahead of large‑scale theft,” it noted.

Fake jobs

Further, taking the IT worker model and “flipping it on its head”, the analysis said that DPRK-linked operators are also increasingly impersonating recruiters for prominent web3 and AI firms. This way, they orchestrate fake hiring processes that culminate in “technical screens” designed to harvest credentials, source code, and VPN or SSO access to the victim’s current employer.

“At the executive level, a similar social‑engineering playbook appears in the form of bogus outreach from purported strategic investors or acquirers, who use pitch meetings and pseudo–due diligence to probe for sensitive systems information and potential access paths into high‑value infrastructure,” it added.

Higher- value attacks

Over the years, DPRK-linked operators are increasingly undertaking significantly higher-value attacks compared to other threat actors. “This pattern reinforces that when North Korean hackers strike, they target large services and aim for maximum impact,” the report added.

It noted that “this year’s record haul came from significantly fewer known incidents”, including the massive $1.5 billion Bybit hack in February 2025.

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DPRK’s distinctive laundering patterns

Not just the hacking process, the laundering of stolen funds is also distinctive, the report said. It noted that more than 60% of laundering was of volume concentrated below $5,00,000 transfer value tranches, despite the total stolen amounts being larger.

“Even while the DPRK consistently steals larger amounts than other stolen fund threat actors, they structure on-chain payments in smaller tranches, speaking to the sophistication of their laundering,” it added.

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