Rumble announces it has secured a $775 million strategic investment from Tether.
Video sharing platform and cloud service provider Rumble (NASDAQ: RUM) has announced that it has reached a final agreement with USDT issuer Tether to secure a $775 million strategic investment. The investment and acquisition are expected to be completed in the first quarter of 2025. Rumble is a high-growth video platform and cloud service provider that is creating independent infrastructure.
SendAI releases Solana Agent Kit, enabling AI agents to autonomously execute operations on the Solana chain.
On December 21, SendAI announced the launch of the open-source toolkit Solana Agent Kit, which supports the autonomous execution of Solana chain operations by any AI model. The toolkit has integrated major protocols such as Jupiter, Metaplex, and Raydium, enabling over 15 functions including token trading, NFT issuance, liquidity provision, lending, and ZK airdrops. The toolkit employs LangChain technology and supports various AI models from GPT-4 to Llama, with plans to integrate with frameworks like Eliza from ai16z and ZerePy from Zerebro. SendAI stated that the project will continue to develop as a public good for the ecosystem and is currently available for use at solanaagentkit.xyz.
AI and Crypto Czar David Sacks has transitioned from a leadership role to a general advisory position.
Recently, Trump appointed David Sacks as the 'AI and Crypto Czar' to lead a new advisory council, drawing attention. Sacks is a venture capitalist, podcast host, and former PayPal executive. However, insiders from the transition team revealed that last week the position was downgraded from a leadership role to a general advisory role, partly because Sacks was unwilling to detach from his investment firm Craft Ventures and did not want to go through the formal appointment process. In the future, Michael Kratsios will lead technology policy work, with Sacks providing policy ideas. Despite the change in position, Sacks remains influential, frequently active in Florida and San Francisco, and meeting with lawmakers. His appointment has sparked controversy over potential conflicts of interest, but some in Silicon Valley are optimistic, believing it may assist startups, although there are concerns about his expertise and worries about policy direction.
Citigroup: Inflation is slowing down, and the Fed's rate cuts may exceed current expectations.
The Federal Reserve has raised its target federal funds rate by 0.5 percentage points for the end of 2025. Citigroup economist Andrew Hollenhorst believes the Fed may find itself in a bind. With core PCE rising 0.1% month-on-month in November, the rise in prices is slowing down, and the Fed's eventual rate cuts may exceed current expectations. 'In our base case, a softening labor market will lead the Fed to cut rates in each of its upcoming meetings.' This view contrasts with market expectations that the Fed will pause rate cuts in January. 'But even if we're wrong, the steady unemployment rate and slowing inflation are sufficient reasons to cut rates in every meeting beyond January.'
Jump Trading subsidiary Tai Mo Shan has agreed to pay approximately $123 million to settle with the U.S. SEC.
The U.S. Securities and Exchange Commission (SEC) has charged Jump Trading's wholly-owned subsidiary Tai Mo Shan with misleading investors regarding the stability of Terra USD (UST), a so-called 'algorithmic stablecoin' issued by Terraform Labs PTE Ltd. (Terraform). The Commission also accused Tai Mo Shan of acting as a statutory underwriter by issuing and selling securities in unregistered transactions, with LUNA being the crypto asset issued and sold by Terraform as securities. As part of the settlement agreement, Tai Mo Shan has agreed to pay $73,452,756 in illegal profits, $12,916,153 in pre-judgment interest, and a civil penalty of $36,726,378. Tai Mo Shan neither admits nor denies the findings of the SEC's investigation but agrees to cease violations of registration and fraud regulations.
Asset management company Hashnote's USYC has surpassed BlackRock and Securitize's BUIDL to become the largest tokenized U.S. Treasury product.
Asset management company Hashnote's USYC has become the largest tokenized U.S. Treasury product, surpassing BlackRock and Securitize's BUIDL, according to data from rwa.xyz. This growth is largely attributed to the rapid rise of the DeFi protocol Usual and its USD0 stablecoin, with USYC as its primary supporting asset.
Hashnote's rapid growth highlights the potential for tokenized product issuers to achieve development by interconnecting their tokens with the broader blockchain economy.
In the ranking of the tokenized treasury market, which has a total scale of $3.4 billion, a new leader has emerged.
Musk: The U.S. government must either pass reasonable legislation that effectively serves the people or face a shutdown.
Musk stated that the U.S. government must either pass reasonable legislation that effectively serves the people or face a shutdown. Reports indicate that House Republicans are looking for ways to avoid a government shutdown, with their second funding proposal being rejected on Thursday night. There are only a few hours left before the Friday deadline. House Speaker Johnson stated earlier on Friday that Republicans have reached a C plan to avoid a government shutdown and plan to vote soon. Senate Republicans criticized the two proposals witnessed in the House to fund the government until Christmas, calling it 'a chaotic farce' and 'a dismal failure.' Incoming Senate Majority Leader John Thune (Republican) said as he left the Capitol, 'I think everything is back to square one.'
The official X account of the OpenSea Foundation has been launched and has published its first tweet.
The official X account of the OpenSea Foundation has been registered and has published its first tweet, 'ocean enters the chat,' which was retweeted by OpenSea's official X account. Previously, it was reported that OpenSea had registered the OpenSea Foundation in the Cayman Islands.
Biopharmaceutical company Quantum BioPharma disclosed its purchase of $1 million worth of cryptocurrency.
Biopharmaceutical industry public company Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) announced that, with board approval, the company has purchased $1 million worth of Bitcoin and other cryptocurrencies as part of its strategic efforts. In addition, the company will allow cryptocurrency for future financing and other transactions. The company will store all its cryptocurrencies with fully compliant custodians. The company emphasized that all transactions will fully comply with all relevant financial and auditing regulations to ensure the process is secure and legal. The company will continue to monitor market conditions and may increase or decrease its holdings of Bitcoin or other cryptocurrencies as it deems appropriate.
The new proposal from BIO Protocol 'Enable Transferability of BIO Tokens' has opened for voting.
The new proposal from BIO Protocol 'Enable Transferability of BIO Tokens' has opened for voting, which lasts for three days (until December 23). If passed, BIO will become a liquid asset within 14 days, with initial liquidity on the ETH mainnet, and support for more chains to follow.
With a sea of red and a hint of green, what sets the counter-trending USUAL apart?
Over the past week, the crypto market has generally corrected, but USUAL has risen against the trend, attracting wide attention with its innovative product mechanism and high-yield model. USUAL introduces real-world assets (like U.S. Treasuries) into DeFi, launching the stablecoin USD0 and the high-yield USD0++, and combines dynamic incentives and cross-protocol collaborations (like Pendle and Ethena) to create a stable and high-return ecosystem. This innovative model showcases the potential of RWA and DeFi integration, providing the market with counter-cyclical investment options.
Hyperliquid: From the most valuable airdrop in history to a high valuation warning.
Hyperliquid has recently sparked market discussions due to the $HYPE airdrop, causing its token valuation to soar and break Uniswap's airdrop record. However, the short-term speculative frenzy has led to selling pressure, with high valuations lacking support from a long-term user base. Despite partnerships with Solv Protocol and others to enhance ecosystem potential, the current valuation may carry a risk of correction, and investors should remain cautious of an overheated market.
A comprehensive comparison of the eight strongest AI Agent frameworks: who is the true leader in the field?
This article analyzes eight token projects with potential during the downturn of the crypto market, including AI16z, ZEREBRO, ARC, AIXBT, GRIFFAIN, GRIFT, ZODS, and ALCH. These projects demonstrate cross-cycle potential through technological innovation, AI-driven solutions, and unique application scenarios. Despite facing challenges such as market competition and unclear application scenarios, their valuation corrections provide investors with potential low-entry opportunities.
The Bitcoin Reserve Act may end the four-year boom and bust cycle of cryptocurrencies.
(Bitcoin Reserve Act) may trigger a global Bitcoin reserve competition, breaking the traditional four-year halving cycle. The Trump administration and its pro-crypto policies are believed to possibly push Bitcoin to become a strategic reserve asset, sparking discussions of a supercycle. However, history indicates that the supercycle theory carries risks, and market dynamics may change due to the involvement of institutions and nations, potentially reducing volatility.
