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- Temu and Shein face challenges in Nigeria due to high logistics costs and unreliable customs clearance, forcing them to scale back operations. - Jumia CEO Francis Dufay highlights fragmented infrastructure and limited last-mile delivery as key barriers for foreign e-commerce platforms. - International competitors rely on smaller 3PLs with higher costs and limited coverage, while Jumia leverages its own logistics to build consumer trust. - Local players like Jumia maintain dominance through localized stra
- Ethereum whale linked to 2024 flash crash borrowed $220M USDT from Aave , transferring funds to Binance in 72 hours. - Whale collateralized $170M ETH on Binance and leveraged DeFi protocols to optimize capital efficiency and manage risk. - Market observers highlight risks to DeFi safeguards as large-scale borrowing tests overcollateralization models and liquidity reserves. - Transactions dwarf traditional financial volumes, raising regulatory concerns about stablecoin stability and cross-ecosystem transp
- White House crypto advisor David Sacks dismissed NY Times' conflict-of-interest investigation as a "nothing burger," claiming months of evidence refute its allegations. - The controversy centers on Sacks' 700+ tech/crypto investments and policymaking role, including his promotion of the GENIUS Act while holding stakes in crypto firms like BitGo. - Sacks argues prior $200M crypto divestments and illiquid private equity holdings prevent personal gain, while critics warn of compromised objectivity in regula