Crypto News Digest - Quick-read versions of cryptocurrency updates
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Midjourney is finalizing V7, a major update with new architecture and data sets, while exploring video generation options. The platform aims to balance speed, cost, and quality in its offerings. #Update #AI @midjourney (+4) →
American crypto firms like @Ripple, @RobinhoodApp, and @Coinbase are donating millions to support Donald Trump’s inauguration, emphasizing the industry’s political influence. #Breaking #Crypto $XRP (+8) ↗
Former Nasdaq digital assets head Ira Auerbach joins @OffchainLabs to lead Tandem, focusing on Ethereum scaling and venture capital efforts. He aims to leverage Wall Street experience for blockchain innovation. #Update #Crypto @OffchainLabs (+3) →
Just 0.4% of @Pumpfun traders have made over $10,000 on Solana meme coins, with only 294 wallets earning more than $1 million, highlighting the platform’s profitability challenges and skewed data due to bot activity. #Update #Crypto @Pumpfun (+3) →
The Consumer Financial Protection Bureau, led by Biden appointee Rohit Chopra, proposes a rule to regulate crypto wallets like @MetaMask as financial institutions, sparking criticism from the crypto community ahead of Trump’s pro-crypto administration. #Breaking #Legal $ETH (+8) ↗
@StanChart launches crypto custody services in Luxembourg to meet EU demand, appointing Laurent Marochini as CEO amid tighter regulations under MiCA law. #Update #Crypto @StanChart (+4) ↗
New Hampshire Rep. Keith Ammon proposes a bill to allow state Treasury investments in digital assets and precious metals, aiming to insulate against inflation and align with local values. Bitcoin would be the only eligible digital asset currently. #Update #Legal $BTC (+4) ↗
North Dakota State Legislature considers Resolution 3001 to invest in digital assets and precious metals, potentially including Bitcoin, to diversify state funds amid inflation concerns. Vote expected Tuesday. #Update #Crypto $BTC (+3) ↗
Mark Zuckerberg allegedly approved using pirated books from LibGen for training @Meta’s AI, despite internal warnings about copyright issues, according to a lawsuit by authors including Sarah Silverman. #Breaking #Legal @Meta (+8) ↗
@IglooInc’s Abstract blockchain, launching January 2025, focuses on consumer-friendly apps and fun, viral experiences. Users can prepare by joining the email waitlist, engaging in testnet activities, and participating in @Abstract_Eco’s Discord. #Update #Crypto $ETH (+4) ↗
James Howells lost his legal battle to recover a hard drive with 8,000 $BTC worth over $750M from a Newport landfill, as Judge Keyser KC ruled it had “no realistic prospect” of success due to environmental concerns. #Update #Legal $BTC (-4) →
The U.S. Supreme Court denied President-elect Donald Trump’s emergency appeal to halt his criminal sentencing in New York, allowing the hearing to proceed 10 days before his inauguration. Trump plans crypto reforms, including a national Bitcoin reserve. #Breaking #Legal $BTC (+8) ↗
Wyoming Senator Cynthia Lummis is set to lead a new Senate subcommittee on digital assets, highlighting the GOP’s focus on cryptocurrency regulation under Donald Trump’s administration. #Breaking #Crypto $BTC (+8) ↗
@PumpFun has become the fastest-growing crypto app, reaching $100M in revenue by September 2024. Despite regulatory scrutiny and a major security breach, it remains dominant in meme coin creation on Solana. • #Update • #Crypto • @PumpFun • (+6) • ↗