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Universal and Warner plan to monetize AI training
The Financial Times reports that Universal Music and Warner Music are moving toward their first major licensing deals with generative AI companies. The labels want to stop fighting blind against AI systems and start getting paid when models train on or generate music connected to their catalogs. Nothing personal – just business. 
UK lobbyists call for blockchain in U.S. tech deal
Ahead of Donald Trump's visit to London, representatives of British financial and technological organizations have sent a collective letter to UK Business and Trade Secretary Peter Kyle, urging him to include blockchain technology in future economic agreements with the United States. Ethereum named Wall Street Token by VanEck CEO
Jan van Eck, CEO of asset management firm VanEck, said Ethereum will become the primary blockchain for bank-to-bank stablecoin transactions during a Fox Business interview. He called Ethereum "very much the Wall Street token" as U.S. financial institutions prepare to support regulated digital dollar payments. 
Beijing pledges dialogue with U.S. on TikTok ownership resolution
China’s Commerce Ministry said it would work with Washington to resolve the fate of TikTok’s U.S. business, stopping short of endorsing a White House-backed plan to spin the app into a new company majority-owned by American investors. 
U.S. growth near uptrend, but jobs weaken and inflation persists
The U.S. economy is expected to expand near its long-term uptrend as rising business investment offsets weaker consumer spending and slower global trade, according to a new survey by the National Association for Business Economics (NABE). FTX Recovery Trust pays $1.6 billion to creditors
FTX Recovery Trust started distributing approximately $1.6 billion to eligible creditors. The payment represents the third round under the exchange's Chapter 11 plan and will reach recipients through BitGo, Kraken, or Payoneer within one to three business days. ECB: cash is critical in crises and access must be guaranteed
The European Central Bank said on Wednesday that cash remains a critical backstop in emergencies and that central banks and private lenders must guarantee access. In a review of crises from the pandemic to this year’s Iberian blackout, the ECB said cash’s utility "intensifies markedly" when stability is threatened and called for adequate stocks and resilient business‑continuity plans. 
Crypto executives file $200M BTC Infrastructure SPAC for Nasdaq
Bitcoin Infrastructure Acquisition Corp. Ltd. filed to raise $200 million through a Nasdaq listing under ticker BIXIU. The Cayman Islands-based blank-check company plans to merge with a digital finance or blockchain infrastructure business. 
Unpacking MicroStrategy’s Bitcoin Strategy and Its Risks
Initially established as a business analytics software provider in 1989, MicroStrategy saw its shares plummet during the dot-com bubble. By 2020, the company had transformed, becoming the first publicly traded сompany to hold Bitcoin in its treasury.