Daily News Summary – 2025-12-12 – en

News summary for 2025-12-12
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December 12, 2025, brought a flurry of significant developments across politics, technology, and environmental issues. In legislative news, portable benefits for gig workers advanced through committee, promising reform for millions, while a federal judge ordered the release of a detained migrant, sparking controversy. Technological strides included perovskite solar cells nearing commercial viability and new AI procurement rules emphasizing ethics. The crypto world saw a landmark sentencing in a $40 billion fraud case, and China imposed a contraception tax to address demographic decline. Environmental efforts shone through with electric ferry funding surges and a climate finance facility call, alongside debates on coal phase-outs and microplastics in water. Meta's account removals and a European rail freight pact highlighted digital and logistical shifts, rounding out a day of transformative news.

Top Stories

Cryptocurrency Mogul Sentenced for 'Epic, Generational' Fraud

Cryptocurrency Mogul Sentenced

Do Kwon received 15 years in prison for orchestrating a $40 billion fraud through the collapse of TerraUSD and Luna, impacting millions of victims worldwide. The sentencing marks a watershed moment for crypto regulation and enforcement.

23:30crypto

Also Notable

Energy

Perovskite Solar Technology Moves Closer to Market Readiness

Perovskite Solar Technology

Perovskite solar cells show improved durability in field trials, with lifetimes exceeding 10 years and efficiency records falling. Commercial scale-up is accelerating, with pilot production lines and market projections reaching $12 billion by 2035.

23:30energy

International Funding Wave Powers Electric Ferry Revolution

Electric Ferry Funding

Billions in funding are driving electric ferry adoption globally, with market growth projected to $19.3 billion by 2033. Technological advancements and government incentives aim to decarbonize maritime transport and reduce emissions.

23:30energy

AI

White House Issues Groundbreaking AI Procurement Guidelines

AI Procurement Guidelines

New White House guidelines require federal agencies to prioritize ethical AI procurement with transparency and auditability mandates. The rules aim to build public trust and ensure vendor accountability in high-impact AI systems.

23:30ai

Space

International

Environment

Innovation