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Decrypt News
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@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) ↗
AI-generated deepfakes of wildfires in Los Angeles, including fake images of the Hollywood sign burning, are spreading misinformation amid ongoing natural disasters. The Hollywood Sign Trust confirms the sign remains undamaged. #Update #Misinformation @DecryptMedia (→ 0)
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) ↗