Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Friedrich Merz, the frontrunner in the race to become Germany’s chancellor, has warned German companies about the “great risk” of investing in China.
“I say to all representatives of the German economy that the decision to invest in China is a decision involving great risk,” the Christian Democratic party chief said in Berlin on Thursday. He issued his warning during questions and answers after a far-ranging foreign policy speech that highlighted a pro-EU, Atlanticist vision of Berlin’s role on the global stage.
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“My heartfelt request to all companies . . . limit the risk you take in order to avoid endangering your own company if it triggers an immediate write-off,” said Merz.
China was not abiding by western rule of law standards, he added.
“You must expect major disruptions if you take this risk. I’ve talked to a whole range of small and medium-sized and also very large companies . . . If you take this risk and if you have to write off these investments from one year to the next, then please do not, under any circumstances, come to the state . . . for help.”
Agora, a blockchain governance startup, is set to acquire its competitor Boardroom. The company framed the acquisition as a strategic move to enhance governance within the broader Ethereum ecosystem, citing expectations of renewed growth in decentralized governance due to President Trump’s promise of regulatory clarity for the blockchain industry.
“2025 is the year we make good governance the standard for all protocols in Ethereum,” Agora co-founder Yitong Zhang told CoinDesk.
Agora was founded in 2022 by Zhang, Charlie Feng, and Kent Fenwick. The trio initially started working on governance tooling at Nouns DAO, one of the buzzier blockchain protocols to emerge from 2021’s DAO (decentralized autonomous organization) and NFT hype cycle.
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The term “DAO” generally describes crypto communities that are governed by their token holders. They’re a favorite among those who believe crypto’s decentralization ethos can be a world-changing force, albeit an unwieldy way to run a pseudo-company. That’s created an opening for support projects like Agora.
Agora was founded on the premise that token governance is central to the value of crypto protocols. It aims to provide user-friendly, open-source governance tools for DAOs like Uniswap and Optimism, which both currently use Agora to organize token holders and hold governance votes.
Boardroom, which predated Agora and has similar goals, took a more horizontal approach to blockchain governance. Boardroom has gradually transitioned from an Agora-style DAO tooling software to a data feed—similar to a “Bloomberg” for crypto governance data.
Agora declined to disclose how much it paid to acquire Boardroom. Boardroom’s employees have been offered roles at Agora, and Boardroom’s founder, Kevin Nielsen, will remain as an advisor. “There’s no plan to deprecate” Boardroom, according to Zhang. Rather, the Agora team will keep both platforms running and will work with users to determine how the tools might gradually be integrated.
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A new day for DAOs?
“DAO” is less of a buzzword in 2025 than it was a few years ago. They were pitched as a way to leverage blockchain’s core strengths in decentralized coordination to advance a new kind of community-owned company, but they’ve been implemented in various ways and to varying degrees of success.
Many DAOs have floundered due to organizational difficulties; it can be hard to coordinate thousands of token-holders around a single goal. Improving DAO tooling can help to address this, but it is only one side of the equation. Another barrier for DAOs has been a lack of regulatory clarity, which has left open questions of legal liability and has made it difficult for DAOs to determine how tokens should be issued, and how decisions should be divided between token holders and a platform’s core developers.
“From a business perspective, DAOs are coming back in a really, really large way,” said Zhang, who says his own business has grown “10X” over the past year. “People haven’t noticed yet because people have so much trauma over DAO bulls**t.”
The Trump administration has signaled its intention to create clearer guidelines for cryptocurrency issuance, which has led to optimism among Zhang and some of his competitors.
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“I think we’re gonna finally get reasonable definitions for sufficient decentralization, security, and compliant ways of doing a token,” said Zhang.”
Wix has announced a new integration with YouTube Shopping
YouTube Shopping allows people to purchase products directly through YouTube videos
The feature is available to creators in specific countries
Wix, one of the best website builders on the market, has announced a new integration with YouTube Shopping, giving store owners a new and popular avenue to sell their products, while also expanding YouTube’s social shopping features.
YouTube Shopping is a relatively new service (first announced in 2021) that allows YouTube creators to tag products within their videos. That way, viewers can easily purchase the items directly from the platform.
Before expanding with Wix, YouTube Shopping supported a handful of shopping platforms:
BASE (only available in Japan)
Cafe24 (only available in South Korea)
FourthWall
Marpple Shop (only available in South Korea)
Shopify
Spreadshop
Spring
Suzuri
TeePublic
For some of these platforms, merchants could also view sales and order data in YouTube Analytics. The list has now grown to include Wix. The company says the addition is set to transform the social shopping experience:
“We are always looking for new ways to help our merchants grow their businesses and connect with their customers,” said Greg Sisung, Head of Sales Channels at Wix. “Our integration with YouTube transforms the social shopping experience for both sellers and buyers, and even influencers, allowing users to reach their target audiences where they already are, and enhancing their ability to engage with new and larger clientele.”
Wix says its users can manage YouTube Shopping through the Google & YouTube Sales Channels section in their Wix dashboard.
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After enabling the tool, merchants can use different features like product tagging in videos and live streams, product drops, and showcasing items on the YouTube store tab.
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The company also said that its tools handle the backend process, including syncing product information, managing inventory, and facilitating checkout.
Users can now utilize the Google and YouTube App in all locations where YouTube Shopping is supported – United States, South Korea, Indonesia, India, Thailand, and Vietnam.
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Owain Williams
Owain is the website builder expert at TechRadar. He has built several websites using Wix, has extensively tested the platform, and has interviewed key individuals within the company.
This is a welcome addition to the Wix platform.
Savvy website owners are always looking for new ways to reach their audience and reduce the friction of making a sale. With sellers increasingly leaning on social media platforms such as YouTube to engage with potential customers, this new tool will do just this, shortening the time and number of clicks between initial interest and a purchase.
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With transaction fees on all plans, Wix also stands to benefit from this new partnership.
Ross is now free. I predict this will be the one good thing to come out of this administration in the grand scheme of things. The reasons behind this pardon were purely political, but regardless of that I am incredibly happy to see Ross reunited with his family and loved ones. Even taking all the accusations against him at prima facie, both those actually charged and those not, Ross has unquestionably served his time.
Actual murders and rapists serve a tiny fraction of the sentence that was levied against Ross, even after multiple offenses in some cases. His sentencing was entirely political, and in no way proportional to the charges brought against him. The severity was so high for one reason: to set an example.
He is not the only example governments have tried to make since 2013. The Samourai Wallet team are currently under house arrest awaiting trial for hosting the backend for a 100% self-custodial service. Roman Sterlingov is in jail for running a centralized mixer, with no evidence other than flawed blockchain heuristics. The Tornado Cash case has developers dealing with cases and jail time in multiple jurisdictions.
All of these go far beyond the pale of what happened to Ross, in terms of legal standing. Ross’s sentence was insanely disproportionate, but the legal basis itself for these other cases is non-existent. They charged them anyway. Some of them, they convicted them anyways. These people are sitting in jail, just like Ross, anyways.
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The government is not going to stop making examples. It doesn’t matter that Trump enjoys the benefits of the unregulated monetary extraction possible in this space, it doesn’t matter that Wall Street and D.C. see value they can take advantage of, none of that matters.
These power brokers and figure heads realizing they can set up a grift, or skim money out of the economy being built here, doesn’t change anything. It doesn’t make them fans of privacy. It doesn’t make them fans of true sovereignty for the individual. It doesn’t make them fans of actually free markets that don’t cater to corporate interests preferentially.
We need tools to actually facilitate all of these things, but building them means you are a potential target.
If you actually care about these things, you know this isn’t over. One man who was unjustly imprisoned is free, and that is an amazing thing. He can see his parents again, his wife, his friends, and that is truly a priceless accomplishment.
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But this is not over. Not by a long shot. The music came on, people switched chairs, and it stopped again. But it’s still the same game being played, and we can’t lose sight of that.
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Javier Milei’s government is weighing up a proposal for Argentina to leave the Paris agreement, days after Donald Trump announced the US would exit the world’s key accord on climate change.
While a final decision has yet to be made, two people familiar with the discussions said Argentina was likely to follow in the US’s footsteps, a move that would make it just the second country to quit the agreement signed by almost 200 nations.
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Senior officials are studying an internal memo recommending an exit, said people briefed on the situation, after the country withdrew negotiators from last year’s COP29 climate summit and said it was re-evaluating its international commitments on the environment.
Civil servants were seeking to dissuade Milei’s team from leaving the agreement, the people said. One Argentine diplomat said Milei would make the final decision and that “it seems very likely that we will end up leaving”.
A departure, if agreed, would mark a major blow to global efforts to address climate change. The agreement aims to limit global temperature rises to well below 2C and ideally to 1.5C above pre-industrial levels.
The environmental division of Argentina’s interior ministry did not immediately respond to a request for comment.
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The libertarian leader, who denies that humans are a cause of climate change, on Thursday condemned the global environmental movement in a speech to the World Economic Forum in Davos.
“Wokeism has perverted the basic idea of preserving the environment for the enjoyment of human beings, and turned it into a fanatical environmentalism where human beings are a cancer that must be eliminated, and economic development is little less than a crime against nature,” he said.
On Monday, Trump signed an executive order to pull the US from the Paris agreement for a second time, having previously left during his first term. No other country has left the 2015 accord.
Exiting the Paris agreement would require congressional approval in Argentina, but Milei has often bypassed congress via emergency decrees during his presidency.
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Last year was the hottest on record, with scientists saying the world is increasingly off track to meet the temperature goals set out in the accord.
A withdrawal could affect the EU-Mercosur trade agreement concluded in December between Europe and Argentina, Brazil, Paraguay and Uruguay, which specifies that parties can suspend the trade deal if one of the signatories leaves the Paris accord.
A diplomat said: “The technical staff in the ministry are trying to explain that while Trump can do what he wants, for Argentina it would bring consequences.”
They also cited potential complications for Argentina’s recently launched bid to join the OECD, which advocates environmental policy standards for members.
Critics have argued that Argentina would also risk losing access to climate-linked international financing streams, after receiving billions in such funding, and could be excluded from global carbon markets in future.
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Countries are due to submit updated climate plans next month under the Paris accord, although many are expected to miss the deadline.
Microsoft promised a new game announcement at its Xbox Developer Direct event, and that game turned out to be Ninja Gaiden 4. The new entry in the long-running franchise is being co-developed by Team Ninja along with Platinum Games, the team behind action games like Bayonetta and Nier: Automata. Though no release date was announced, the game will be coming to Xbox, and will be available via Game Pass.
While the Ninja Gaiden franchise has been around since the late ‘80s, it entered into a new era on the Xbox with the bloody, and tough-as-nails Ninja Gaiden on Xbox in 2004. That version, developed by Team Ninja, was ported to a handful of other consoles and also received a number of sequels. Based on the debut trailer, the new game looks to continue the dark action started with the 2004 release, but with even faster gameplay.
Singapore, Singapore, January 23rd, 2025, Chainwire
LBank, a leading global cryptocurrency exchange, is thrilled to announce the launch of its Red Packet alongside a 100 Million Giveaway valued at $5 Million which is set to take place from January 24 to January 27, 2025. This exciting event marks a celebration of LBank’s latest achievements and reaffirms its commitment to delivering exceptional value to its growing global user base.
The Red Packet activity comes as part of LBank’s broader push to enhance user experience. Designed to promote social sharing and community engagement, this feature allows users to send and share red packets, creating a more interactive and enjoyable experience.
To celebrate this launch, LBank is introducing a 100 Million red packet giveaway valued at $5 Million, featuring rewards in a variety of tokens. The event will run from January 24 to January 27, 2025, and is open to all LBank users.
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Now serving over 15 million users globally, LBank’s position as a leading exchange has been further validated by being awarded Crypto.news’ Best CEX Award. These achievements highlight the platform’s growing presence and impact within the cryptocurrency industry.
As LBank continues to grow its ecosystem, the platform remains committed to offering a wide range of assets and services. By introducing innovative features and providing robust trading solutions, LBank seeks to strengthen its position in the cryptocurrency industry while supporting users in navigating the evolving landscape of crypto innovation.
About LBank
Founded in 2015, LBank is a leading global cryptocurrency exchange, serving over 15 million registered users in more than 210 countries and regions. With daily derivatives trading volume of more than $67 billion, LBank is committed to delivering a comprehensive and user-friendly trading experience. Through innovative trading solutions, LBank has helped users achieve average returns of over 130% on newly listed assets.
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As a pioneer in the Meme coin market, LBank has listed over 240 mainstream Meme coins and 40 Meme gems, with several achieving gains of over 500%. As the industry leader in first-time Meme coin listings, LBank has become the go-to platform for Meme coin investors.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
The Silk Road founder’s financial status was unclear, but many crypto users have donated to his ”transition into his new life” since he received a presidential pardon.
Roli on Thursday announced its latest educational product at the NAAM audio show in Anaheim. The simply named Roli Piano builds on products like the Roli Airwave and Piano M, more than doubling the latter’s key count to 49.
The Piano is much like its predecessor in most ways, with MIDI keys that light up and sync with an instructional app played back on a phone or tablet. The Airwave, meanwhile, adds hand tracking into the mix, creating gesture-based sounds.
The new instrument is pricey, at $599, well over double the Piano M’s current $249 price point. The London-based music tech startup is offering up the larger model at $399 for a limited time “super early bird special.”
And, of course, it wouldn’t be a 2025 product launch without some mention of generative AI. That arrives by way of the newly announced Piano AI Assistitant, which the company refers to as, “the first step in using generative AI to make learning to play easier, more intuitive and more fun than ever before.”
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The Assistant, which is rolling out as part of the Piano launch, aims to further instruction, while adding music theory into the mix.
Over the past year, the Piano line has become Roli’s primary focus. The pivot toward educational products makes sense for the company, which filed for bankruptcy back in 2021. Products like the Seaboard and Blocks were always cool and clever, but remained niche in the music world.
Music education, on the other hand, offers massive market potential for a smaller hardware maker.
The Department for Work & Pensions has issued an urgent warning after new figures revealed the number of pensioners pushed in poverty continues to rise.
Around 800,000 of those affected are missing out on a crucial benefit which could help top up income and provide a yearly boost worth £3,900.
This morning, the DWP published figures showing that 13 per cent of pensioners are in poverty. The number of single pensioners struggling financially has increased, with 18 per cent now living in low resources, up from last year.
David Brooks, Head of Policy at leading independent financial services consultancy Broadstone, said: “Today’s data is well timed as the Work and Pensions Committee has begun its review of pensioner poverty, and the Government is expected to kick off a review of adequacy in pensions later this year.
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“Understanding the causes of pensioner poverty will be key to ensuring the system is working as it should and supporting those in need.
“For example, increasing the take up of benefits that pensioners are entitled to, particularly those targeted at poorer retirees like Pension Credit, will be critical to lifting more people out of poverty in later-life.”
Around 800,000 people are missing out on Pension Credit worth an average of £3,900 per year
GETTY
The figures highlight ongoing concerns about financial hardship among the UK’s retired population, with nearly two million pensioners facing poverty.
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Around 800,000 people are missing out on Pension Credit worth an average of £3,900 per year, according to the DWP. The benefit tops up weekly income to £218.15 for single pensioners and £332.95 for couples.
Those eligible can also receive additional support with housing, council tax and heating bills. Over-75s who qualify are also entitled to a free TV licence, which will cost £174.50 from April 2025.
Pensions Minister Torsten Bell said that the Government is taking action to raise awareness of the benefit. The lack of awareness about Pension Credit’s existence is believed to be the main reason for low take-up rates among eligible pensioners.
Recipients could get an extra £81.50 weekly if they have qualifying disabilities or receive certain benefits like Attendance Allowance or Personal Independence Payment.
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The DWP has launched a major awareness campaign this month, writing to 11 million pensioners about Pension Credit eligibility. The letters will be sent as part of the annual state pension uprating exercise, including leaflets promoting Pension Credit.
From April, the State Pension will increase by 4.1 percent to £230.30 per week. Guaranteed Pension Credit payments will also rise, with single pensioners receiving £221.86 weekly, up from £218.15.
Couples will see their Pension Credit increase from £332.95 to £338.61 per week.
LATEST DEVELOPMENTS:
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The initiative aims to boost benefit uptake, as research shows 77 percent of pensioners living in poverty currently receive neither pension credit nor housing benefits.
Pensioner poverty is particularly severe among those in rented accommodation, affecting 34 per centof pensioner renters compared to the overall 16 per cent rate.
Research from the Fabian Society shows that those who retired before April 2016 on the basic state pension face higher poverty levels.
The old pension rules made it more difficult to qualify for the full amount, while some on the new state pension also struggle due to housing costs and National Insurance gaps.
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Sasjkia Otto, Fabian Society senior researcher, said: “Neither the state pension nor benefits guarantee protection from poverty, and many are falling through the cracks, especially those renting.”
The situation could worsen as the number of pensioners in rented accommodation increases, with 40 per centof all pensioners in poverty being renters.
The state pension remains “too low” according to researchers, despite previous improvements in pensioner poverty rates.
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