TLDR Solana’s DEX volume reached $27 billion in seven days, surpassing Ethereum’s $16 billion Solana’s meme coins, including Pudgy Penguins and Bonk, accumulated over $16 billion market cap SEC approval odds for Solana ETF increased to 74%, with JPMorgan predicting $3-6 billion potential inflows Solana’s…
TLDR Malaysian Prime Minister Anwar Ibrahim has held discussions about cryptocurrency regulations with UAE officials and former Binance CEO CZ…
TLDR: Bitcoin surged to $99,000+ after new CPI data release, approaching the $100,000 mark with a 2% daily increase, while…
TLDR: XRP has surged 194% in eight weeks, outpacing Bitcoin’s annual gain of 124%, due to thin order books and…
TLDR TON Blockchain appoints Manuel Stotz as new president, signaling major U.S. market expansion plans Platform leverages 950 million Telegram…
Finance News
TLDR Swiss digital asset bank Sygnum has achieved unicorn status following a $58M funding round The funding was led by Bitcoin VC firm Fulgur…
• California insurers declined to renew 2.8M homeowner policies between 2020-2022
• Economic losses from recent LA fires estimated at $135 billion
• Many insurance companies are dropping coverage or refusing new policies
• The state’s FAIR Plan (insurer of last resort) faces potential funding shortages
• Insurance costs are rising dramatically for California homeowners
• Medicare spent nearly $50 billion in 2022 on 25 high-cost drugs including Ozempic and Trulicity
• Drug prices have almost doubled since market introduction
• Nearly 24 million people enrolled in ACA plans for 2025
• ACA enrollment doubled compared to Trump administration numbers
• Enhanced federal premium subsidies will expire end of 2025
• Markets showed mixed performance with S&P 500 up 0.2% and Dow up 0.3%
• Federal Reserve minutes revealed ongoing inflation concerns
• Bitcoin price declined 3%, staying below $100,000
• Stock markets will close on January 9 for Jimmy Carter national day of mourning
• Bond markets will operate reduced hours, closing at 2 p.m. ET on January 9
Stocks News
TLDR: Nvidia stock fell 2% after Biden administration announced new AI chip export restrictions, capping GPU shipments to most countries…
AI News
• 41% of companies plan workforce reductions by 2030 due to AI automation
• 77% of companies plan to reskill workers for AI integration
• OpenAI CEO Sam Altman faces lawsuit from sister with serious allegations
• Altman and family deny allegations, cite sister’s mental health concerns
• WEF report indicates AI will reshape jobs across all sectors
Tech
• TikTok faces potential US ban starting January 19, 2024
• Former content creators like Joanne Molinaro (@TheKoreanVegan) risk losing six-figure incomes
• Kevin O’Leary and Frank McCourt made formal bid to buy TikTok’s US assets
• ByteDance maintains TikTok is not for sale
• Supreme Court to hear oral arguments about TikTok ban law
Celebrity News
TLDR: Jay-Z was named in a lawsuit alleging he and Diddy raped a 13-year-old girl at a 2000 MTV VMAs…
Regulation News
TLDR Malaysian Prime Minister Anwar Ibrahim has held discussions about cryptocurrency regulations with UAE officials and former Binance CEO CZ Malaysia aims to modernize its financial…