EU to ready sovereignty fund, boost clean tech

EU chief Ursula von der Leyen on Tuesday announced preparation of a “sovereignty fund” and a “Net Zero Industry Act” to defend Europe’s industrial base from massive US and Chinese subsidies.

The European sovereignty fund would come as “part of the mid-term review of our budget this year,” she said in a speech at the World Economic Forum in Davos, while the “Net Zero Industry Act” would aim to boost clean tech in the bloc. — Agence France-Presse

Do Kwon arrest: what is a stablecoin?

“Stablecoins” shot to prominence after the creator of one such cryptocurrency, intended to be less volatile than competing coins, was arrested following the collapse of his TerraUSD firm, leaving investors $40 billion out of pocket.