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The Trump Cryptonaissance Is Here

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The Trump Cryptonaissance Is Here

The wheels are already beginning to turn on Donald Trump’s plan to make the US into the “crypto capital of the planet” following his return to the White House.

In an executive order signed Thursday, Trump established a “working group on digital asset markets,” which will be responsible for weighing the possibility of the US forming a “strategic national digital asset stockpile,” among other things.

The promise to establish a stockpile was one of numerous commitments made by Trump to the crypto industry before he was reelected. Though the idea stumped economists, it received a rapturous reception among bitcoiners. As rumors of an impending announcement spread Thursday, the price of bitcoin climbed to $105,000 per coin, just short of the record high.

The order also requires the working group—which will comprise the leaders of various government branches, financial regulatory bodies, and the attorney general—to come up with an appropriate set of regulations and laws governing the use of crypto.

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Earlier in the week, on Trump’s second day in office, the Securities and Exchange Commission (SEC) —the US regulatory body that brought a volley of lawsuits against crypto firms under the Joe Biden administration—established a “crypto task force.” Under new leadership following the departure of former chair Gary Gensler, who was widely demonized in the cryptosphere, the SEC will develop a “comprehensive and clear regulatory framework for crypto assets,” the agency stated.

Later the same day, Trump granted clemency to Ross Ulbricht, who was serving life in prison for crimes committed while running the infamous darknet marketplace Silk Road, one of the first websites to accept bitcoin as payment. After being arrested in 2013, Ulbricht became something of a martyr in crypto circles for his part in spreading the bitcoin gospel.

These initial gestures signal Trump’s willingness to follow through on earlier campaign promises: to pass various crypto-related legislation, reform the financial regulatory apparatus in the US, and knit crypto into the US national treasury. The effects will be extensive, crypto figures believe, reverberating far beyond US shores and creating the conditions for a new golden era for the industry.

“Our technology is very powerful and transformative. We need to land it in different societies,” says Joseph Lubin, cofounder of Ethereum and chief executive at software company Consensys. “And America is a standard-setter for the rest of the world.”

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Despite having previously spurned bitcoin as a “scam,” Trump now has extensive ties to the crypto industry, many high-profile members of which came out in support of his reelection campaign.

In the lead-up to the 2024 election, crypto organizations donated hundreds of millions of dollars to crypto-focused super political action committees, which spent the funds in support of crypto-friendly congressional candidates, many of them Republican.

On the campaign trail, Trump began to bill himself as the first “crypto president.” In July, in front of a rabid crowd of bitcoiners, Trump promised to turn the US into a crypto mining powerhouse and establish a national bitcoin stockpile if reelected. In the same speech, he pledged to fire Gensler, the SEC chair, prompting the most rapturous applause of the night.

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AMD confirms processor security flaws after Asus patch slips out early

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AMD Ryzen 5 7600X processor


  • Asus mentioned an AMD microcode flaw in recent patch notes
  • The flaw was not yet publicized by the processor manufacturer
  • AMD has since confirmed the news

AMD has seemingly confirmed the existence of a microcode vulnerability which apparently spilled, unintentionally, from PC maker Asus.

Security researcher Tavis Ormandy recently spotted a BETA bios fix for a “microcode signature verification vulnerability” apparently plaguing Asus’ gaming motherboards, being mentioned in the company’s release notes.

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Tom Brady’s Autograph merges with digital fitness company Future

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TAMPA, FLORIDA - JANUARY 05: Broadcaster Tom Brady looks on during warm ups prior to the game between the New Orleans Saints and the Tampa Bay Buccaneers at Raymond James Stadium on January 05, 2025 in Tampa, Florida. (Photo by Mike Ehrmann/Getty Images)

Autograph, the NFT company co-founded by Tom Brady, is merging with the digital fitness company Future. As part of the merger, Brady will join the board of directors of Future and serve as co-chair of the company. 

Brady co-founded Autograph in 2021 to find ways to connect athletes and artists with fans, ultimately launching an NFT marketplace and raising more than $200 million valued at $3.1 billion, according to PitchBook. The company relaunched late last year, without the NFT component, as a platform that tracks fan engagements and rewards them for it. It counted the likes of Naomi Osaka and Tony Hawk on its board of advisers and was backed by Andreessen Horowitz and Lightspeed Venture Partners. 

Future, meanwhile, connects people with digital fitness coaches and builds personalized fitness routines for users.  

Autograph faced some challenges, especially after the crypto market crashed and the NFT market cooled. In 2023, the company had layoffs and at one point was down to 30 people, as reported by Fast Company

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Rishi Mandal, co-founder and CEO of Future, made the announcement on LinkedIn. Speaking to TechCrunch, Mandal said he and Brady met through Richard Rosenblatt, co-founder of Autograph, and discussed partnerships but ultimately decided they should be one company, he said. While all parties are calling this a merger, not an acquisition, the company will retain the name Future. Mandal said it was too early to announce new products but said that Future will look to combine Autographs’ celebrity connections with Future’s athletic mission. The goal is to find a way to let people train with top athletes and receive expert coaching. 

Future has raised more than $100 million and was last publicly valued at $275 million, according to PitchBook.

This story was updated to clarify how Mandal and Brady met.

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Insomniac still can’t confirm if Marvel’s Wolverine will launch in 2025

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Insomniac still can't confirm if Marvel's Wolverine will launch in 2025


  • Insomniac is still keeping quiet on the release date for Marvel’s Wolverine
  • Insomniac’s co-head Chad Dezern said there is “pent-up excitement” around the project, but couldn’t offer any more details
  • Marvel’s Wolverine was announced back in 2021

Four years after its initial announcement, we still have no idea when Marvel’s Wolverine is launching, and Insomniac Games still can’t confirm if it will be released in 2025.

News recently broke that Insomniac’s founder and CEO Ted Price will be stepping down from the role after more than 30 years. Following the announcement, the studio’s new co-chiefs Ryan Schneider, Chad Dezern, and Jen Huang sat down with Variety to discuss the switch in leadership as well as what’s in store for the company.

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Tesla brings its redesigned Model Y to the US, but keeps selling the old one too

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Tesla brings its redesigned Model Y to the US, but keeps selling the old one too

Just a couple weeks after launching the refreshed “Juniper” Model Y in China and other Asia-Pacific markets, Tesla has started taking orders in the Americas (US, Canada, Mexico, and Chile) and Europe. The Launch Series is the only trim level currently available to order in the US, offering a “fully loaded” setup with special badging, the Full Self-Driving (Supervised) driver assist, and Acceleration Boost for $59,990 before discounts and estimated savings.

The refreshed version of Tesla’s top-selling vehicle brings a new design for the front and rear lights, an updated interior with an 8-inch touchscreen for the backseat, acoustic glass treatment, a new sound system with more speakers, and a retuned suspension. There’s no mention of it, but in a few of the pictures (included in our gallery below), it looks like there’s also a turn signal stalk poking out to the left of the steering wheel instead of dropping it for on-wheel buttons like other recent Teslas.

It also has the same new front-facing camera that Tesla says adds “Enhanced visibility for Autopilot and Actually Smart Summon capabilities.”

Just like the previously announced markets, it is scheduled to start deliveries in March. It’s all similar to last year’s Model 3 update, promising better efficiency and performance, with added power-folding rear seats and a hands-free trunk that auto unlocks on approach.

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An estimated price listing for a New Model Y (left) and current Model Y (right) from Tesla’s website with similar specs.
Screenshot: Tesla.com

One difference between this and most Tesla launches we’ve seen is that the older version is still available to order, with the website inviting buyers to take advantage of reduced pricing while it’s still available. From the configurations available online, the price difference between similarly-specced Long Range dual-motor AWD Model Ys new and old was only about $4,000.

The current edition is, of course, available right away, and with choices for additional options, like the performance package., additional colors, or a seven-seat configuration. The New Model Y advertises a 320-mile range with no EPA stamp compared to the old version’s 311 EPA estimate (until last year, the advertised range was 330 miles before Tesla suddenly lowered it) for a similar model. The advertised 0-60 mph time is also improved, at 4.1 seconds instead of 4.8, but the top speed allowed has dropped from 135 mph to 125, which probably won’t be much of an issue in a family hauler.

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Fitbit fined $12M over Ionic smartwatch burns

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Fitbit fined $12M over Ionic smartwatch burns

Fitbit has settled with the U.S. Consumer Product Safety Commission (CPSC) over a long-standing defect that caused some wearers to sustain burns. The deal finds the Google-owned fitness company paying a $12.25 million penalty for the issues surrounding its Ionic smartwatch.

The issue dates back to 2018, continuing on into 2020. Fitbit agreed to recall the wearable in March 2022, as the CPSC noted that it “created an unreasonable risk of serious injury or death to consumers.”

A firmware update issued in early 2020 failed to address the issue entirely, according to the CPSC.

“Despite possessing information that reasonably supported the conclusion that the smartwatches contained a defect that could create a substantial product hazard or created an unreasonable risk of serious injury, Fitbit did not immediately report to the Commission as required,” the organization notes.

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In all, 115 U.S. consumers reported an issue with the smartwatch’s overheating battery. Seventy-eight people reported burns, two of which were third-degree and four second-degree burns.

The agreement also requires Fitbit to submit an annual report to the commission, with an internal audit of safety operations. Fitbit is also required to “maintain internal controls and procedures designed to ensure compliance with the Consumer Product Safety Act (CPSA), including enhancements made to its compliance program,” per the agreement.

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Are these AI-designed shoes the future of footwear?

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Syntilay Shoes

  • Syntilay has launched AI-designed, 3D-printed shoes.
  • The footwear was designed with a mix of Midjourney and Vizcom AI
  • The $150 shoes use smartphone foot scans for a fully customized fit.

If you like Crocs but wish they had more of a science-fiction backstory, you’re in luck. A startup company named Syntilay is using AI and 3D printing to produce a new line of shoes. The futuristic footwear is available now for $150 a pair. These slides aren’t cheap, but innovation rarely is.

Syntilay uses a mix of AI tools supplemented by human artistry to create its shoes, which look more than a little like a deep sea fish at first glance. The designers relied on Midjourney to develop the basic shape of the shoe. After that, a human artist refined the idea with a sketch for inspiration uploaded to Vizcom AI, which produced a 3D model based on the sketch. AI then helped design and embed textures and patterns into the shoe design, completing their look.

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Everyone wants MrBeast on their TikTok bid, but he hasn’t committed yet

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YouTuber MrBeast and winner of Squid Game

YouTube celebrity MrBeast — real name Jimmy Donaldson — is in talks to join a number of bids for TikTok’s U.S. operations. But he hasn’t chosen one exclusively yet.

First, on Monday, the CEO of Employer.com, Jesse Tinsley, said MrBeast is part of an all-cash bid for TikTok that he’s leading. This was also repeated in a press release put out by the law firm representing Tinsley’s group.

But MrBeast’s spokesperson Matthew Hiltzik told the AP on Wednesday that even though Donaldson is in “ongoing discussions” with multiple bidders, he has no “exclusive” agreements with any of them. Employer.com declined to comment.

Updated January 23, 2025: Post-publication, an Employer.com spokesperson told TechCrunch that “clearly MrBeast is in high demand, for great reasons. Jesse and his team would love to see MrBeast be a part of whichever bid ultimately wins, and greatly values the shared support that MrBeast has shown across the board.”

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That same day, real estate billionaire Frank McCourt, who is leading a different group’s $20 billion bid for TikTok, told Axios that MrBeast is going to be a part of his bid.

However, MrBeast is only in talks with McCourt’s group and the parties have not entered into an official agreement, a spokesperson told Axios and also confirmed to TechCrunch.

At this stage, it appears that MrBeast is keeping his options open. 

While MrBeast is certainly wealthy, with $85 million in earnings in the first 10 months of 2024 according to Forbes, it is his celebrity and operational experience as a creator that has attracted multiple bidders.

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That could even mean running TikTok U.S. if a purchase goes through. “MrBeast the *future* CEO of TikTok,” posted Employer.com’s CEO Jesse Tinsley on Wednesday. 

There are multiple other bids floating around that MrBeast could well be in talks with.​​ Perplexity and Oracle have been brought up as potential buyers.

MrBeast himself hasn’t publicly commented on which side he’ll choose yet. “The leading groups who are all credible [sic] bidding on Tik Tok have reached out for us to help them, I’m excited to partner/make this a reality,” he posted on Wednesday.

“Big things cooking,” he wrote.

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Nvidia vs Apple and the world: Apple may have just confirmed its ACDC superchip will use UALink tech

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Apple set to build a server chip to service its own AI and may have sacrificed the company's fastest ever chip to achieve this; report suggests a strategic tie-in with $850bn Broadcom


  • Apple has joined the board of the Ultra Accelerator Link consortium
  • The link is a key technology that binds GPUs, not unlike synapses on neurons
  • UALink is emerging as the biggest rival to Nvidia’s proprietary NVLink

Back in June 2024, we reported how a number of big tech names had banded together to form the Ultra Accelerator Link (UALink) Promoter Group, a strategic move aimed at reducing Nvidia‘s dominance in the AI accelerator market.

Directly competing with Nvidia’s proprietary NVLink technology, UALink seeks to develop a new industry standard for high-speed, low-latency communication for scale-up AI systems in data centers. It already has the backing of Intel, AMD, Google, Microsoft, Meta, HPE, Cisco, and Broadcom, but now Apple has joined the UALink board too.

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Gamers are already using Nvidia’s DLSS 4 tech in Cyberpunk 2077

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Gamers are already using Nvidia’s DLSS 4 tech in Cyberpunk 2077

Added support for DLSS 4 with Multi Frame Generation for GeForce RTX 50 Series graphics cards, which boosts FPS by using AI to generate up to three times per traditionally rendered frame – enabled with GeForce RTX 50 Series on January 30th. DLSS 4 also introduces faster single Frame Generation with reduced memory usage for RTX 50 and 40 Series. Additionally, you can now choose between the CNN model or the new Transformer model for DLSS Ray Reconstruction, DLSS Super Resolution, and DLAA on all GeForce RTX graphics cards today. The new Transformer model enhances stability, lighting, and detail in motion.

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Reliance plans world’s biggest AI data centre in India, report says

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Reliance plans world's biggest AI data centre in India, report says

Mukesh Ambani’s Reliance is planning to build what could become the world’s largest data center in Jamnagar, India, with a capacity of three gigawatts to capitalize on surging AI demand.

The facility would dwarf the current largest data center, Microsoft’s 600-megawatt site in Virginia, Bloomberg reported Friday. The project could cost between $20 billion to $30 billion, the report added.

Ambani raised more than $25 billion in 2020 from a group of investors including Meta, Google, Silver Lake, General Atlantic, KKR, Mubadala and PIF to fund the growth of Reliance’s retail and telecom ventures that now dominate the country. Reliance is India’s most valuable company.

Ambani aims to power the facility primarily with renewable energy from an adjacent green energy complex that will produce solar, wind and hydrogen power.

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Ambani is buying chips from Nvidia for the data center, the report added. Nvidia and Reliance announced a partnership to build infrastructure for AI applications in India in October.

The Jamnagar project comes as OpenAI, SoftBank and Oracle this week pledged up to $500 billion for AI infrastructure in the United States through their Stargate Project.

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