Crypto News Digest - Quick-read versions of cryptocurrency updates
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UK Prime Minister Keir Starmer will reveal the “AI Opportunities Action Plan” on Monday, aiming to position the UK as a global AI leader, with investments from Vantage Data Centres and others creating 13,250 jobs. #Update #AI @VantageDC (+7) ↗
Scott Bessent, nominee for U.S. Treasury Secretary, will divest his stake in @BlackRock’s Bitcoin ETF to comply with federal ethics guidelines before President-elect Donald Trump’s inauguration. #Breaking #Crypto $BTC (+9) ↗
Singapore’s Gambling Regulatory Authority has blocked access to @Polymarket, labeling it an “illegal gambling site” under the Gambling Control Act 2022. This follows increased scrutiny and previous regulatory actions in other countries. #Breaking #Legal (+8) ↘
Several U.S. states, including Texas and Pennsylvania, are considering establishing Bitcoin reserves following Donald Trump’s national-level plans to stockpile $BTC in the U.S. Treasury. This move reflects growing interest in digital assets as a financial strategy. #Update #Crypto $BTC (+4) ↗
@MicroStrategy’s Bitcoin strategy has inspired over 70 companies to follow suit, with @Tesla, @Block, and others increasing their $BTC reserves amid the cryptocurrency’s recent surge. This trend highlights growing corporate interest in digital assets. #Update #Crypto $BTC (+6) ↗
@NordVPN, @ExpressVPN, and other VPNs are enhancing security for crypto users with features like AES-256 encryption and decentralized networks. These services offer privacy and protection against hacks, with options to pay using cryptocurrencies. #Update #Crypto (+3) ↗
@Grayscale has rebalanced its crypto funds, adding $ADA and $SUI while removing $AVAX. The Digital Large Cap Fund now holds 90% in $BTC and $ETH. This move aligns with CoinDesk’s index changes. #Update #Crypto $ADA (+3) →
Ripple CEO Brad Garlinghouse met with Donald Trump as Ripple President Monica Long anticipates XRP ETFs “very soon,” driving $XRP up 4% to $2.32, outperforming Bitcoin and Ethereum. #Breaking #ETF $XRP (+9) ↗
Elon Musk revises his $2 trillion U.S. government spending cut target to $1 trillion via the Department of Government Efficiency, citing practicality concerns. #Update #Legal $DOGE (+3) ↘
The Commodity Futures Trading Commission (CFTC) issued a subpoena to @Coinbase for customer data related to the prediction market Polymarket, highlighting ongoing regulatory scrutiny of blockchain-based platforms. #Breaking #Legal @Coinbase (+8) ↗
A Sydney high school student is under police investigation for allegedly creating AI-generated pornographic deepfakes of female classmates, using images from social media and school events, marking a significant AI-related incident in Australia. #Breaking #Legal @TheGuardian (+8) ↗
The Machines Arena is expanding to Steam on January 14, 2025, and PS5, but without crypto features due to platform restrictions. Players on all platforms can still play together. #Update #Gaming @themachinesgame (+3) →
Poornima Ramarao, mother of late @OpenAI whistleblower Suchir Balaji, has raised over $140K in crypto to fund an independent investigation into her son’s death, disputing the official suicide ruling. #Update #Legal @OpenAI (+5) ↗
Terraform Labs co-founder Do Kwon’s trial for fraud related to the $40B TerraUSD collapse is set for January 2026 in New York, facing up to 130 years if convicted. #Breaking #Legal @TerraformLabs (+9) ↗