A consortium led by ACWA Power and Aramco Power has agreed to invest $8.3 billion to develop 15 GW of solar and wind energy across Saudi Arabia. This marks a major milestone in the kingdom’s energy transition, and here are the key developments and broader implications.

Europe’s newly empowered anti-money laundering watchdog, the EU Anti-Money Laundering Authority (AMLA), has identified crypto assets as its most pressing concern. In recent remarks, AMLA chair Bruna Szego underscored the risks posed by cryptocurrencies, citing their potential for money laundering and terrorism financing.

Standard Chartered has officially taken the lead in bringing cryptocurrencies into mainstream banking by enabling spot trading of Bitcoin and Ether for institutional clients. This makes it the first major global bank to provide direct access to these digital assets.

Grayscale, a leading cryptocurrency asset manager and ETF issuer, has officially taken its first step toward entering U.S. public markets. On Monday, the company revealed it had filed a confidential registration statement with the Securities and Exchange Commission (SEC), signaling plans for an initial public offering (IPO).

Bitcoin has once again defied expectations, recording its highest weekly close ever—above $119,000—and breaking past $122,000 in the days that followed. This surge marks a defining moment in the cryptocurrency’s price journey, sending bullish waves across trading desks, crypto forums, and social media timelines.