Bill McGinley, the chief counsel of the Department of Government Effectiveness (DOGE) under Musk, announced his resignation just days after Trump returned to the White House.
On January 22, the QCP released a daily market watch saying that the new leadership of the US SEC has established a special working group dedicated to developing a regulatory framework for crypto assets. Led by crypto mom Hester Peirce, it is expected to be a turning point in the digital asset space. After the initial disappointment after Trump's inauguration gradually subsided, Bitcoin has rebounded 3.8% and stabilized at around $105,000. However...
The leadership of the Ethereum Foundation is expected to undergo major changes, which may be related to the widespread criticism from the community.
US billionaire Ramaswamy had planned to co-lead the Department of Government Effectiveness with Musk, but could now enter the US Senate. Trump wants Ramaswamy to replace the Ohio seat left by Vice President-elect Vance, and Ramaswamy is open to it, according to a person familiar with the matter. (Kim 10)
TikTok leadership said in an internal memo that it plans to continue paying U.S. employees even if the U.S. Supreme Court does not overturn laws that force the sale of U.S. TikTok or ban TikTok in the U.S. TikTok has 7,000 employees in the U.S., according to market sources.
Strive Asset Management, a company co-founded by Vivek Ramaswamy, who leads the US Department of Efficiency with Mr. Musk, is preparing to launch a "Bitcoin Bond" ETF, according to a BitcoinMagazine article on the X platform.
On January 5th, the Economic Daily wrote an article "Strict Characters to Cure and Manipulate the Market". The article pointed out that market supervision, communication management, financial supervision, public security and other departments should strengthen data connectivity and sharing, strengthen governance in key areas, and unblock the connection of punishment and execution. At the same time, make good use of big data, cloud computing, blockchain and other Internet technology means to accu...
Led by Musk, Zuckerberg, and Huang Renxun, the world's 500 richest people will reach a new milestone in 2024: reaching a total net worth of $10 trillion. The unstoppable rise of US technology stocks has played a key role in the growth of these three people's wealth, and has also driven up the net worth of Larry Ellison, Bezos, Michael Dell, and Google co-founders Larry Page and Sergey Brin.
In a letter to congressional leaders, Janet Yellen, Treasury secretary, said the Treasury expected the US to hit the debt ceiling as early as January 14-23, 2025, and that "extraordinary measures" might be needed to avoid the federal government falling into default. Risk assets ended weaker just before the letter was released. US stocks fell, with the Standard & Poor's 500, Nasdaq 100 and Dow Jones Industries Average all down about...
U.S. Senate Democratic leader Chuck Schumer: An agreement has been reached to pass a temporary funding bill before midnight (local time).
On December 20th, DePIN's leading ecosystem IoTeX announced the launch of the first AI Agent in the DePIN field: BinoAI. BinoAI is built on ai16z's ELIZA-OS and aims to lay a foundation for the development of decentralized autonomous consciousness in the DePIN field. BinoAI will learn autonomously through AI, automatically recognize and analyze DePIN-related knowledge, and based on ai16z's ELIZA framework, enable BinoAI to securely access and interact with on-chain data. Combined with IoTeX's de...
Vivek Ramaswamy, who leads the US government's Department of Efficiency with Musk, confirmed that his X account was stolen, after posting that it was false news that he was working with USUAL.
On December 12th, according to CCTV news, the Central Economic Work Conference was held in Beijing from December 11th to 12th. The meeting determined that the following key tasks should be grasped next year, leading the development of new productivity with scientific and technological innovation, building a modern industrial system, carrying out artificial intelligence + actions, and cultivating future industries. Strengthen the construction of national strategic scientific and technological str...
The leaders of two major Wall Street regulators may both be friendly to the crypto community!
Ripple leadership has backed David Sacks to lead the Trump administration's work in cryptocurrency and artificial intelligence (AI), with Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty applauding the move on social media platform X, stressing that it is in line with innovation-friendly policies. Brad Garlinghouse said: "Congratulations to David Sacks on this appointment - he knows the technology inside out and, more importantly, will drive President Trump's crypto and artif...