Bitmine, a prominent Ethereum treasury company, is investing $200 million into Beast Industries, a conglomerate founded by popular YouTuber Jimmy 'MrBeast' Donaldson. This strategic move represents significant capital flow from crypto-native funds into social media and consumer goods sectors. The announcement highlights ongoing diversification trends where crypto treasuries allocate funds beyond traditional blockchain projects.
Solo Bitcoin Miner Strikes $300K Jackpot, Defying Odds Against Large Mining Pools
An anonymous solo Bitcoin miner successfully processed block 932,373, earning over 3.15 BTC worth approximately $304,814 at current prices. Solo miners, although facing competition from large mining pools, continue to occasionally secure significant rewards by processing entire blocks independently. Despite the challenges in profitability amid falling Bitcoin prices, solo mining remains a viable, albeit resource-intensive, method to earn Bitcoin rewards.
Coinbase has announced the introduction of perpetual futures contracts for the cryptocurrency LIT. This move allows traders to speculate on LIT price movements with leverage on the Coinbase platform. The listing reflects Coinbase's ongoing expansion of its derivatives product offerings to include more diverse assets.
[IMPORTANT] CME Group to Launch Cardano, Chainlink, and Stellar Futures in February Amid Growing ...
The CME Group will introduce futures contracts for Cardano (ADA), Chainlink (LINK), and Stellar (XLM) starting February 9, pending regulatory approval. These futures will be available in both standard and micro contract sizes as part of CME's expanding cryptocurrency derivatives offerings. The move reflects the growing demand for regulated crypto products to manage price risk, following CME's successful introduction of Bitcoin and Ethereum futures.
Trump Denounces EU's Heavy Fines on US Tech Giants as Discriminatory
US President Donald Trump criticized the European Union's significant fines on American tech companies, labeling them unfair and discriminatory. In 2024, the EU imposed fines totaling 3.8 billion euros on US firms, exceeding the income tax paid by all European publicly listed internet tech companies. Major US tech companies including Apple, Google, and Meta are among those facing substantial fines and tax adjustments from the EU.
A Federal Reserve official, Barr, has stated that inflation remains high. Concurrently, there are indications that the labor market is showing signs of stabilization. This mixed economic signal suggests ongoing challenges in balancing inflation control with employment strength.
Kaito Shifts Strategy by Ending Yaps, Launches Kaito Studio with Expanded Brand-Creator Collabora...
Kaito announced the shutdown of Yaps and its incentive leaderboard to introduce Kaito Studio, which will serve as a tiered marketing platform linking brands with creators across multiple social networks. The expansion covers not only crypto but also finance and AI, widening its business reach. The KAITO token will continue to hold a role within the new Kaito Studio framework, while other Kaito services remain unaffected.
Twitter (X) Bans Reward-Based Apps to Combat Spam, Ending InfoFi Era
Twitter (X) is updating its API policies to ban apps that reward users for posting to reduce spam and low-quality content on the platform. This move targets InfoFi-style applications that incentivize user posts. Some affected apps may pivot strategies using their accumulated data to adapt to the new rules.
Kaito Shuts Down Yaps Service Amid X API Policy Changes to Launch Kaito Studio Marketing Platform
Kaito is discontinuing its rewards-based Yaps service and incentive leaderboard due to recent changes in X's API policy. The company will replace Yaps with Kaito Studio, a new tier-based marketing platform that collaborates selectively with creators based on specific criteria. This move represents a strategic shift towards a model resembling traditional marketing approaches.
Morningstar Unveils PitchBook GenAI 20 Index Tracking Leading Generative AI Firms Including OpenA...
Morningstar has launched the PitchBook GenAI 20 Index to track top generative AI companies in both private and public markets, focusing on late-stage, venture-backed firms. The index is heavily weighted toward four major players: Databricks, Anthropic, OpenAI, and xAI, which together comprise nearly 78% of the index. This benchmark aims to provide investors with exposure to generative AI firms often missed by traditional indexes due to their private status, with a perpetual structure maintaining continuity as firms go public.
Kaito Shifts Strategy: Ends Yaps Incentivized Leaderboards to Launch Brand-Focused Kaito Studio
Kaito announced it will discontinue Yaps and its incentivized leaderboards. The company will introduce Kaito Studio, which will adopt a selective, brand-led creator collaboration approach. This new model will leverage analytics, multi-platform distribution, and cross-vertical capabilities across crypto, finance, and other sectors.
[IMPORTANT] Tom Lee’s BitMine Invests $200M in MrBeast’s Beast Industries to Integrate DeFi
BitMine Immersion Technologies, led by Tom Lee, is investing $200 million in Beast Industries, founded by YouTube star MrBeast. The investment aims to leverage DeFi for new financial services within Beast Industries’ platform, including crypto exchange and payment processing. Despite BitMine’s large Ethereum holdings, its stock has declined recently amid investor concerns about crypto firms.
BSC Meme Coin 'Mountain Wilderness' Market Cap Peaks Over $2 Million Amid Volatility
The BSC meme coin 'Mountain Wilderness, You Are the Joy I Hide in the Breeze' saw its market capitalization briefly exceed $2 million before settling at $1.7 million. Data from GMGN highlights this short-lived surge. Investors are cautioned about the high volatility typical of meme coins and advised to exercise prudence.
[IMPORTANT] KAITO Token Drops 20% After X Blocks InfoFi Apps to Combat Spam
KAITO, the native token of the InfoFi protocol, fell 20% following X's announcement to block apps that reward users for posting on its platform. X's Head of Product cited issues with AI-generated spam as the reason for revising their developer API policies and revoking access. Developers affected are encouraged to transition their businesses to alternative platforms like Threads and Bluesky.
[IMPORTANT] Ethereum Surges With Record 447,000 New Holders Amid Price Breakout
Ethereum has broken out of a bullish pattern, surpassing a key resistance zone and signaling renewed upward momentum. The network saw a historic influx of 447,000 new addresses within 24 hours, setting a new 7-year record for daily new holders. Despite rising price action, most short-term holders remain at a loss, which reduces selling pressure and supports the potential for further gains.
[IMPORTANT] Elon Musk's X Cracks Down on InfoFi Crypto Apps, Causing Token Sell-Offs
Elon Musk’s social media platform X has banned apps that reward users with crypto for posting, targeting InfoFi projects to reduce AI-driven spam. API access for these apps was revoked, aiming to improve user experience by curbing automated bot activities. Following the announcement, the Kaito token, linked to InfoFi, experienced a sharp drop of over 15% within 30 minutes.
[IMPORTANT] State Street to Launch Tokenized Deposits and Financial Products Including Stablecoin...
U.S. bank State Street announced plans to develop tokenized financial products, including cash-like assets such as tokenized deposits and stablecoins. The bank also aims to offer tokenized money market funds and exchange-traded funds. This move represents a significant step by a traditional financial institution into the crypto and digital asset space.
[IMPORTANT] Saturn Launches USDat Token to Deliver 11% Bitcoin-Linked Dividends Without Stock Own...
Crypto startup Saturn is introducing USDat, a dollar-denominated token that channels yield from Strategy's Bitcoin-backed preferred equity (STRC) into DeFi, offering annualized dividends of 11%. The token converts dividends from Strategy’s Nasdaq-listed STRC security into a blockchain-native digital asset, bridging public-market credit exposure with decentralized finance. However, growth depends on Strategy's issuance capacity and is subject to regulatory and market risks affecting dividend sustainability and token stability.
X Tightens API Rules, Banning Rewards for Crypto Posting Apps like Infofi
Nikita Bier, X Product Lead and Solana Ecosystem Advisor, announced changes to X's developer API policies. The new rules will prohibit applications that reward users for posting on X, targeting so-called 'Infofi' crypto projects. This revision aims to address issues arising from these reward-based applications.
X Cuts API Access for Reward Apps, Triggering Over 15% Drop in KAITO Price
Social media platform X revoked API access for applications that incentivize users to post content, leading to a rapid decline in KAITO's price by over 15%. This development was reported by OBEL NEWS on X, highlighting immediate market reaction. The move impacts the usability of reward-posting apps linked to KAITO, causing investor concern.
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