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Crypto Czar: What Does David Sacks’ New White House Role Mean for the Market?
Crypto Czar: What Does David Sacks’ New White House Role Mean for the Market?

As Donald Trump prepares to take over the White House next year, expectation surrounding David Sacks’ role as US crypto czar grows.

BeInCrypto·2024/12/29 00:02
The Funding: Crypto VC Recap 2024
The Funding: Crypto VC Recap 2024

Quick Take This is an excerpt from the 18th edition of The Funding sent to our subscribers on Dec. 29. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

The Block·2024/12/28 16:00
Charles Hoskinson Urges Cardano Foundation to Embrace Community-Driven Governance
Charles Hoskinson Urges Cardano Foundation to Embrace Community-Driven Governance

Charles Hoskinson proposed Cardano Foundation transitions to a membership-based organization to empower users and address ecosystem challenges.

BeInCrypto·2024/12/28 14:00
Flash
  • 01:27
    Market News: Donald Trump's Treasury Secretary nominee, Scott Bessent, reveals ownership of $500,000 in Bitcoin ETF
    According to Cointelegraph, Scott Bessent, Trump's candidate for Treasury Secretary, disclosed owning $500,000 in Bitcoin ETF.
  • 01:24
    The CEOs of OpenAI, Meta, and Uber have confirmed their attendance at Trump's inauguration ceremony
    Several tech industry executives plan to attend Donald Trump's presidential inauguration this month, indicating that the tech industry is seeking to strengthen its relationship with the new government. OpenAI CEO Sam Altman, Meta CEO Mark Zuckerberg and Uber CEO Dara Khosrowshahi have all confirmed their participation in related events. In addition to Altman, OpenAI President Greg Brockman and Chief Product Officer Kevin Weil also plan to attend the inauguration. Furthermore, Meta and Amazon each donated $1 million to Trump's inaugural fund and shifted towards more friendly platform rules by adjusting policies such as weakening content review. Altman personally donated $1 million to Trump's inaugural fund and stated that cooperation with the new government is crucial during a key period in the development of Artificial General Intelligence (AGI).
  • 01:22
    In 2024, U.S. AI startups set a record by raising $97 billion in financing
    In 2024, US AI startups raised $97 billion in financing, accounting for nearly half of the total startup funding for the year, setting a new historical record. Several companies including xAI and OpenAI completed billions of dollars in financing, driving this growth. Global AI investment accounted for 35.7% of total venture capital, while startup funding in Europe and Asia fell to $61.6 billion and $75.9 billion respectively, indicating a greater concentration of resources in the AI field.
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