Episode 539
📍 The White House has announced! a crypto roundtable for next week, where U.S. President Donald Trump will meet with key figures from the crypto industry and the President's Working Group on Digital Assets.
📍 Chinese tech company Tencent has introduced its latest large language model, Hunyuan Turbo S, which features significantly faster response times without sacrificing performance on complex reasoning tasks, intensifying the ongoing AI competition between Chinese and American tech firms.
📍 Bitcoin dip-buyers stepped in on Friday, but weekend action may bring uncertainty, with punitive tariffs against Mexico, Canada, and China potentially going into effect on Tuesday, and the Crypto Fear & Greed Index hitting levels not seen since the 2022 bear market.
📍 SEC Commissioner Hester Peirce has argued that unclear laws created a 'haven for bad actors' in the crypto industry, implying that former Chair Gary Gensler's policies may have contributed to the proliferation of fraud, including the $32 billion implosion of FTX.
📍 The SEC has recently dismissed lawsuits and ended investigations into several major crypto companies, including Coinbase, Robinhood, and Uniswap Labs, signaling a potential shift in the regulator's approach to the industry.
