Alexis Ohanian, co-founder of Reddit, has joined a bid to acquire TikTok’s US operations and transition the platform to blockchain technology. The initiative aims to empower 170 million US users to manage their data through the Frequency blockchain protocol, transforming social media dynamics. Ohanian’s group, which includes investor Kevin O’Leary, is competing against major players like Microsoft and Oracle as ByteDance faces pressure to sell TikTok’s American operations.
about Alexis Ohanian Bids to Acquire TikTok US and Integrate Blockchain TechnologyOracle Healthcare Acquisition Corp.
0 in Finance and 0 in Crypto last weekMicrosoft Stock Declines After Data Center Lease Cancellations Report
Microsoft’s stock dipped 1.8% after reports of lease cancellations for two U.S. data centers, reflecting potential oversupply issues. Despite this, the company plans to invest $80 billion in infrastructure by 2025, emphasizing ongoing growth amid increased competition from rivals like Oracle and Google. A Microsoft spokesperson reassured that adjustments in data center strategy are part of a broader commitment to meet rising customer demand.
about Microsoft Stock Declines After Data Center Lease Cancellations ReportGate.io Partners with Red Bull Racing to Integrate Blockchain in Motorsports
Gate.io has partnered with Oracle Red Bull Racing, set to begin in the 2025 Formula 1 season, marking a significant step in integrating blockchain technology into motorsports. The collaboration aims to enhance fan experiences and streamline payment systems, reflecting a shared vision of innovation. Additionally, Gate.io is expanding its global reach, recently investing $10 million in The Open Network while ceasing operations in Japan due to regulatory challenges.
about Gate.io Partners with Red Bull Racing to Integrate Blockchain in MotorsportsInnovative Crypto Projects to Watch in the Upcoming Bull Run
As the crypto market heats up, innovative projects like Qubetics, Avalanche, and Chainlink are emerging as frontrunners for the next bull run. Qubetics offers a non-custodial multi-chain wallet, enhancing security and usability, while Avalanche boasts rapid transaction speeds and scalability. Chainlink bridges smart contracts with real-world data, solidifying its essential role in the blockchain ecosystem.
about Innovative Crypto Projects to Watch in the Upcoming Bull RunSoftBank Invests 50 Million in Cipher Mining for HPC Growth
SoftBank has invested $50 million in Cipher Mining to enhance its high-performance computing (HPC) infrastructure, aiming to strengthen its presence in AI and blockchain sectors. This partnership will facilitate Cipher’s expansion in data centers and improve access to SoftBank’s global technology network, positioning the company for future growth in both crypto and AI applications.
about SoftBank Invests 50 Million in Cipher Mining for HPC GrowthSoftBank Plans Up to 25 Billion Investment in OpenAI’s Future
SoftBank is in talks to invest up to $25 billion in OpenAI, potentially making it the largest backer of the AI firm, surpassing Microsoft’s $13 billion stake. This comes alongside a $500 billion Stargate project aimed at enhancing U.S. AI infrastructure, involving major players like Oracle and Microsoft. Meanwhile, concerns arise over Chinese firm DeepSeek’s rapid advancements in AI, prompting U.S. government scrutiny regarding potential intellectual property theft.
about SoftBank Plans Up to 25 Billion Investment in OpenAI's FutureTech Billionaires Lose Billions Amid Nvidia Stock Market Plunge
Tech billionaires collectively lost nearly $100 billion in a stock market selloff triggered by DeepSeek’s challenge to US AI dominance, which led to Nvidia’s historic $600 billion market value drop. Jensen Huang’s net worth fell by $20.7 billion, pushing him from 10th to 17th in global wealth rankings, while Larry Ellison lost $27.6 billion, dropping to fifth place. Analysts suggest the selloff may be an overreaction, emphasizing ongoing demand for advanced AI hardware despite the panic surrounding DeepSeek’s developments.
about Tech Billionaires Lose Billions Amid Nvidia Stock Market PlungeNvidia Faces Historic Market Loss Amid Competition from Chinese AI Company
Nvidia experienced a historic stock plunge, losing nearly $600 billion in market capitalization, the largest one-day loss ever recorded. This drop was triggered by concerns over DeepSeek, a Chinese AI company that developed a competitive model at a fraction of the cost, undermining Nvidia’s dominance in the AI sector. The stock fell 17%, knocking Nvidia from its position as the world’s most valuable company, now valued at $2.9 trillion, behind Apple and Microsoft.
about Nvidia Faces Historic Market Loss Amid Competition from Chinese AI CompanyMarket Update Nvidia and Boeing Struggle as GM Reports Strong Earnings
Nvidia’s shares plummeted nearly 17%, marking its worst day since March 2020, with a market cap loss of about $600 billion, the largest single-day drop in U.S. history. Broadcom also fell 17%, losing $200 billion in market value.Boeing reported its sixth consecutive annual loss, nearing $4 billion in Q4, while General Motors exceeded expectations with adjusted earnings of $1.92 per share and $47.7 billion in revenue, forecasting a strong year ahead despite industry challenges. Starbucks is set to report quarterly results, with expectations of a mixed performance as it undergoes a turnaround under new leadership.
about Market Update Nvidia and Boeing Struggle as GM Reports Strong EarningsChinese AI Startup DeepSeek Shakes US Tech Market with Cost-Effective Model
US stocks plummeted following the revelation of DeepSeek, a Chinese AI startup, which introduced a cost-effective ChatGPT-like model, R1, developed with just $5.6 million in computing power. This advancement raised concerns about the competitive edge of US tech firms, leading to significant declines in major companies like Nvidia and Meta. As investors reassess the landscape, the market’s reaction may reflect a broader unease about the sustainability of US dominance in AI.
about Chinese AI Startup DeepSeek Shakes US Tech Market with Cost-Effective ModelInvestors React to DeepSeek’s AI Model Challenging Western Tech Dominance
Investors sold off major tech stocks, including Nvidia and Oracle, following the launch of DeepSeek’s low-cost AI model, raising concerns about Western companies’ dominance in the sector. The Nasdaq 100 futures dropped nearly 4%, marking potential significant losses, while shares in AI firms tumbled globally. The emergence of cheaper AI alternatives has sparked questions about the sustainability of current investment levels in AI technologies.
about Investors React to DeepSeek's AI Model Challenging Western Tech DominanceTrump’s Crypto Executive Order Sparks New Opportunities in Digital Assets
Trump’s recent executive order prioritizes crypto by halting persecution of lawful activities, supporting dollar-backed stablecoins, and establishing clear regulations while opposing central bank digital currencies. The SEC has also scrapped the anti-crypto SAB 121 bill, signaling a bright future for the crypto market.Emerging projects like MIND of Pepe ($MIND), Meme Index ($MEMEX), Virtuals Protocol ($VIRTUAL), and XDC Network ($XDC) are positioned for significant growth, particularly with the anticipated rise in AI and meme coins under the new administration. January 23 could become National Crypto Day, marking a pivotal moment for blockchain innovation and adoption.
about Trump's Crypto Executive Order Sparks New Opportunities in Digital Assets