Crypto News Digest - Quick-read versions of cryptocurrency updates
Decrypt News
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@NovaskyAI’s Sky-T1 model outperforms OpenAI’s o1 in reasoning tasks, offering a cost-effective alternative for developers. Trained for under $450, Sky-T1 is open-source and runs on local computers with a 24GB GPU. #Update #AI (+6) ↗
@Gate_io’s Quant Fund is attracting significant investor interest with its high returns and risk management strategies, including the new Hedging Investment-USDT product boasting a 35.11% estimated annualized return. #Update #Crypto (+4) ↗
@SigmaCapitalUAE launches a $100M blockchain startup fund to support early-stage projects in DeFi, blockchain infrastructure, and the metaverse. CEO Vineet Budki aims to foster innovation with strategic investments across 100 projects globally. #Update #Crypto (+6) ↗
@Bubblemaps is launching its Solana token, BMT, to power its Intel Desk investigation platform, enabling community-driven on-chain investigations starting Q1 2025. Participants will vote on cases using BMT and earn rewards for insights. #Update #Crypto $BMT (+3) ↗
@TikTok has dismissed reports of a potential sale of its U.S. operations to Elon Musk as “pure fiction,” amid looming legislative threats that could see the app banned nationwide. #Update #Legal (-3) ↘
@SygnumBank has raised $58M in a strategic growth round, achieving unicorn status with a $1B valuation. This funding will support its expansion into EU/EEA markets and Hong Kong. #Update #Crypto (+7) ↗
The Biden administration’s new AI export restrictions aim to maintain U.S. dominance by limiting advanced chip exports to countries like China and Russia, drawing criticism from @Nvidia as potentially harmful to innovation. #Breaking #Legal @Nvidia (-8) ↘
@intesasanpaolo has purchased 11 $BTC for approximately €1 million, marking the first direct crypto investment by an Italian bank. This move highlights growing institutional interest in digital assets within Italy’s traditional financial sector. #Update #Crypto $BTC (+5) ↗
Researchers at @CheckPointSW revealed a macOS malware strain, Banshee, that evaded detection by mimicking Apple’s encryption. While media warns of risks to 100M Apple users, experts like Patrick Wardle argue the threat is overstated. #Update #Security (-3) ↘
President-elect Donald Trump plans to issue a crypto executive order on his first day, establishing a presidential crypto council and directing the SEC to rescind SAB 121, signaling potential regulatory shifts. #Breaking #Crypto $BTC (+9) ↗
Tesla CEO @elonmusk is deploying Cybertrucks and Starlink terminals to provide free Wi-Fi in Los Angeles after wildfires devastated the area, affecting connectivity. The initiative aims to support recovery efforts by offering internet access in impacted regions. #Update #Tech (+6) ↗
@Tether_to has relocated to El Salvador, acquiring a Digital Asset Service Provider license. The move aligns with the country’s Bitcoin-friendly stance and aims to bolster Tether’s focus on emerging markets and innovation. #Update #Crypto $USDT (+3) ↗
Donald Trump Jr. has joined prediction market operator @Kalshi as an advisor, focusing on partnerships and strategy to expand its political contracts, which have seen $500 million in wager volume since last October. #Update #Finance (+6) ↗