Toe Bautista: AI-Crypto Synergy Holds Promise, But Bubble Risks Loom
To monitor AI’s trajectory, Bautista suggested following Nvidia, which he called the “number one barometer” of capital flowing into the sector.
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Ripple Partners with Chainlink to Advance RLUSD Stablecoin in DeFi Ecosystem
Ripple introduced the U.S. dollar-pegged RLUSD stablecoin to the Ethereum and XRP Ledger networks in October. According to CoinGecko data, the token currently has a market capitalization of $72 million.
U.S. Court Clears $6.5 Billion Bitcoin Liquidation from Silk Road Seizure
The Department of Justice (DOJ) has already begun transferring portions of the cache, moving nearly $2 billion worth of Bitcoin to Coinbase on December 3, under a custody arrangement with Coinbase Prime through the U.S. Marshals Service.
Backpack Exchange Acquires FTX EU, Aims to Dominate EU Crypto Derivatives Market
The acquisition positions Backpack Exchange to offer a full suite of cryptocurrency derivatives across the European Union, starting with its status as the region’s only regulated perpetual futures provider.
Altman’s AGI Vision Clashes with Vitalik Buterin’s Blockchain-Based AI Safeguards
Altman announced in a blog post that OpenAI's user base has tripled to over 300 million weekly active users, positioning the company as a frontrunner in the race toward artificial general intelligence (AGI).
Tatadex Rebrands and Concludes Beta with $10M Trading Volume
The beta campaign highlighted a growing interest in accessible decentralized finance (DeFi) platforms, emphasizing user-friendly features for those new to onchain trading.
Coliseum Launches $2 Million Investment Fund for Web3 Gaming Projects
According to Thomas Zaepffel, CEO and Co-Founder of Coliseum, the fund is designed to empower Web3 gaming leaders to “build, scale, and succeed” by combining capital with community access and industry expertise.
CumRocket Token Surges 400% Following Elon Musk Tweet
According to CoinGecko, CumRocket’s price spiked from $0.004 to $0.02 before stabilizing at approximately $0.008, marking a 95% gain over the past 24 hours.
IRS Delays Crypto Tax Rules, Easing Investor Concerns Amid Legal Pushback
The decision, announced on Wednesday, provides centralized exchanges and brokers more time to adapt to the regulations while offering temporary relief to digital asset investors concerned about potential tax increases.
Tether’s USDT Faces Market Cap Decline Amid EU Regulations
This decline coincides with the delisting of USDT by several European Union-based exchanges and Coinbase. The decision was driven by compliance requirements under the EU’s Markets in Crypto-Assets (MiCA) regulations, which took full effect on December 30.
Crypto Scam and Hack Losses Hit Yearly Low in December 2024
According to blockchain security firm CertiK, December saw $28.6 million in losses from exploits, hacks, and scams—less than half of November’s $63.8 million and significantly below October’s $115.8 million.
U.S. IRS Finalizes Rules for Reporting Digital Asset Transactions
The regulations require brokers to disclose gross proceeds from cryptocurrency and other digital asset transactions, along with details about the taxpayers involved.
Israel Approves Six Bitcoin-Tracking Mutual Funds, Launch Set for December 31
The ISA’s decision comes nearly a year after the U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs), sparking a surge in global interest in Bitcoin-based investments.
MicroStrategy Buys $561M in Bitcoin as Nasdaq-100 Trading Debut Begins
The inclusion in the Nasdaq-100 was widely praised by Bitcoin proponents, with analysts pointing to the potential impact on trading volume and price.
U.S. Supreme Court Reinstates Nvidia Crypto Sales Lawsuit
The lawsuit, originally filed in 2018 by a group of Nvidia shareholders, accuses the chipmaker of concealing over $1 billion in revenue tied to sales to crypto miners. The shareholders claim Nvidia’s CEO, Jensen Huang, downplayed the role of cryptocurrency demand in boosting GPU sales.
Vancouver Approves Motion to Explore Bitcoin Integration Into Municipal Finances
The motion, led by Mayor Ken Sim, was passed during a City Council Standing Committee meeting, initiating a feasibility study on accepting taxes and fees in Bitcoin and converting a portion of the city’s financial reserves into the cryptocurrency.
MicroStrategy’s Potential Inclusion in Nasdaq-100 Sparks Interest
Seyffart noted that the potential addition could attract at least $2.1 billion in share purchases by exchange-traded funds (ETFs), accounting for approximately 20% of MicroStrategy’s daily trading volume.
Microsoft Shareholders Reject Proposal to Add Bitcoin to Balance Sheets
Microsoft's board deemed the proposal “unnecessary,” emphasizing the company’s existing processes to manage and diversify its corporate treasury.
Amazon Shareholders Push for Bitcoin Treasury Strategy to Combat Inflation
The shareholders also pointed to Bitcoin’s significant returns as evidence of its potential. Over the past year, Bitcoin has grown by 131%, far outpacing corporate bond growth, which averaged 126%.
Donald Trump Appoints David Sacks as AI and Crypto Policy Adviser
United States President-elect Donald Trump has appointed David Sacks, ex-PayPal operating chief, as lead policy adviser on artificial intelligence (AI)…
Who Can Ban Bitcoin? Nobody, Says Vladimir Putin
"Who can ban Bitcoin? Nobody," he stated. "These tools will develop one way or another because everyone will strive to reduce costs and increase reliability."
BNB Smart Chain Hit by Record Sandwich Attacks, $1.5B Affected
Sandwich attacks involve manipulating transaction ordering on DEX platforms. Attackers sandwich a victim's transaction between their own buy and sell orders, inflating the token price and profiting from the difference.
Hugging Face CEO Flags Censorship Risks in Chinese Open-Source AI
"If you create a chatbot and ask it a question about Tiananmen, it won’t respond the same way as a system developed in France or the U.S.," he said.
CoinDCX Introduces ₹50 Crore Bharat Custody to Strengthen Crypto Asset Security
According to Sumit Gupta, Co-Founder of CoinDCX, Bharat Custody addresses a critical gap in the Indian market by offering a secure, localized approach to safeguarding crypto assets.