UNDER EXPOSED EP8 - AI coins and the future under a Bitcoin Presidency

The article discusses recent developments in the cryptocurrency industry, highlighting significant acquisitions and strategic moves by major players. MoonPay has acquired Solana-native crypto payment processor Helio for $175 million, while Chainalysis purchased fraud detection firm Alterya for $150 million to enhance its anti-scam efforts. Additionally, Layer Zero has launched on Sony's new EVM Layer 2, Soneium. Tether is relocating to El Salvador after obtaining a Digital Asset Service Provider license, and MicroStrategy has invested another $243 million in Bitcoin. The article also notes that over 8 million HYPE tokens were staked following an announcement by ANIME, and the Jupiter team introduced a new method for gifting SOL.

The article further touches on the political landscape, with Donald Trump expected to issue several crypto-focused executive orders upon taking office, including repealing a crypto accounting policy and addressing the de-banking of crypto companies. His inauguration will feature a "Crypto Ball," celebrating him as the "first Crypto President." Meanwhile, a US court has demanded the SEC clarify its stance on denying Coinbase's regulatory requests. A report by BlackRock highlights the rapid growth of the crypto industry, surpassing that of mobile phones and the internet in reaching 300 million users.

Key takeaways

MoonPay acquired Solana-native crypto payment processor Helio for $175M.
Donald Trump is expected to issue several Crypto-focused executive orders on his first day, including a repeal of a crypto accounting policy (SAB 121).
MicroStrategy bought another $243M worth of Bitcoin at a $95,972 average this past week.
A US Court demanded the SEC explain itself for denying Coinbase's requests related to crypto regulations.

UNDER EXPOSED EP8 - AI coins and the future under a Bitcoin Presidency - Decrypt

Key takeaways

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