Coinbase eyes “super app,” Europe hit by airport cyberattack, DeepSeek’s $294K AI claim, U.S. details TikTok deal

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Coinbase CEO: 'We Want to Become a Super App and Provide All Types of Financial Services'
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• Coinbase plans to evolve beyond crypto trading into a financial “super app,” offering services like spending, savings, payments, and investing, aiming to be users' primary financial account.

• Brian Armstrong says crypto legislation in the U.S. is progressing strongly, calling regulatory clarity a “freight train” and stressing its importance for enabling Coinbase’s expansion.

• He predicts Bitcoin could reach $1 million by 2030, citing factors such as regulatory clarity, ETF inflows, and a possible U.S. strategic reserve.

Delays continue to affect thousands as cyberattack hits Europe’s airports
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• A cyberattack on passenger-check-in systems has disrupted operations at major European airports (e.g. Heathrow, Brussels, Berlin), causing widespread flight delays and cancellations.

• The issue is traced to an outage via an external service provider of check-in and boarding systems, notably affecting electronic check-in and baggage drop.

• Airports are trying to recover and operate manually, advising passengers to check with airlines directly; disruptions expected to persist.

In rare disclosure, DeepSeek claims R1 model training cost just $294K
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• DeepSeek, based in Hangzhou, reported that its R1 AI model was trained for $294,000, using 512 Nvidia H800 chips over about 80 hours.

• The cost claimed is much lower than typical estimated costs for comparable large models in the U.S., raising questions and scrutiny about how they achieved such efficiency.

• Some industry researchers dispute DeepSeek’s disclosure; for example, SemiAnalysis suggests the company’s true scale and expenditures are much larger when accounting for hardware and operating costs.

Trump says Lachlan and Rupert Murdoch might invest in TikTok deal
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• The U.S. government is negotiating a deal in which TikTok’s U.S. operations would be spun off, with majority American ownership; ByteDance would retain less than 20 %.

• A new investor group likely including Rupert and Lachlan Murdoch, Oracle’s Larry Ellison, and Dell’s Michael Dell, with Oracle playing a role in security and safety oversight.

• Under the proposed structure, Americans would hold six of the seven board seats, and control over TikTok’s recommendation algorithm would be shifted to U.S. oversight.