Real Estate

Evergrande founder Xu Jiayin sentenced to life imprisonment for multiple economic crimes, marking a judicial reckoning for China’s property debt crisis.

Core Summary The world’s largest stablecoin issuer, Tether, has announced the expansion of its tokenization business into Saudi Arabia, initially focusing on institutional real estate assets with plans to expand to other asset classes. This move marks Tether’s strategic push from stablecoin operations into the broader realm of real-world asset (RWA) tokenization. Event Details Tether, the issuer of the USDT stablecoin, is extending its tokenization footprint into the Middle East. Saudi Arabia has become its latest target market, with an initial focus on tokenizing institutional-grade real estate assets. ...

BBC reports that San Francisco’s median home price has reached a record $1.7 million, driven by wealthy AI workers. Local residents face an increasingly severe affordability crisis.

A luxury resort development in Albania backed by Jared Kushner has sparked local protests, according to the BBC. Demonstrators fear the project will damage protected natural environments along the Albanian coastline. Environmental groups have called on the government to reassess the project’s environmental impact before proceeding.