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Nikola shares nosedive on report of potential sale

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U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019.

Massimo Pinca | Reuters

DETROIT — Shares of Nikola closed Thursday down 27.8% after a report that the embattled electric truck maker is exploring options to sell parts or all of the business.

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The stock closed Thursday at 85 cents apiece after hitting a new 52-week low of 76 cents prior to the end of trading.

Bloomberg News reported the potential sale Thursday afternoon and noted other possibilities under consideration include bringing on partners and raising new funds.

The report comes three months after Nikola warned investors on its third-quarter conference call that the company only had enough cash to support its business into the first quarter of 2025 but not beyond. Nikola reported $198 million in cash to end the third quarter.

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Nikola stock nosedives.

Nikola CEO Steve Girsky, a major stakeholder in the company, on the earnings call said the company was “actively talking to lots of potential different partners who value what we do and value what we’ve built.”

Girsky, a former bank analyst and General Motors executive, took Nikola public through his special purpose acquisition company, or SPAC, in June 2020. It was a catalyst for more EV companies to go public through SPACs.

Much similar to Nikola, most, if not all, have failed to live up to their initial expectations. Many, including Nikola, were the center of federal investigations, scandals and executive upheavals.

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Nikola did not immediately respond to CNBC’s request for comment on the Bloomberg report.

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CryptoCurrency

US Bitcoin Reserve ‘Pretty Much Confirmed’

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This Altcoin Exploded by 300% After Changpeng Zhao (CZ) Tweeted About It

Sen. Cynthia Lummis (R-WY) chairs the US Senate panel on crypto assets. She has promised some big changes in government policy for the sector.

A Bitcoin sovereign wealth fund Republicans are calling a “strategic national reserve” is only one of Lummis’ promises for blockchain. But markets are thrilling with bullish activity on that prospect alone.

Over the weekend, Bitcoin whales were insatiable in their accumulation.

After Republicans retook control of Congress following November’s election, the US Senate Banking Committee opened its first subcommittee panel on cryptocurrencies Thursday.

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Binance Founder: Strategic Bitcoin Reserve Alert!

The idea of a national Bitcoin reserve is so popular at the moment among US policymakers that several states are considering establishing state reserves.

Congress Convenes First Subcommittee on Crypto

The new Senate subcommittee on digital assets has a host of issues to tackle with normalizing US government policy over blockchain. In an X post on Thursday afternoon, Sen. Lummis promised a three-point crypto agenda in 2025:

  • Pass legislation promoting responsible innovation and consumer protection
  • Eradicate Operation Chokepoint 2.0
  • Make America the bitcoin and digital asset capital of the world

Popular crypto markets analyst Crypto Beast replied, “we’re going much higher.” The strategic Bitcoin reserve has backing from President Trump, according to recent reports and the fact that he signed the documents.

In addition, it has a strong group of pro-crypto delegates to Congress in the new subcommittee. That includes Sen. Ruben Gallego (D-AZ), who received strong backing from the pro-crypto Fairshake PAC.

Plus, there’s Sen. Bernie Moreno (R-OH), a freshman senator who prevailed in the ballot count over the Banking Committee’s previous chair, Sen. Sherrod Brown (D-OH).

Bitcoin’s price had a somewhat unexpected reaction to the aforementioned news. The asset started to lose value after the document’s signing and dropped to $102,400 before it recovered some ground to nearly $105,000 now.

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Luckin Coffee beat Starbucks in China. It’s now taking its playbook overseas to markets like Malaysia

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Luckin Coffee—booted from the Nasdaq in 2020—has overtaken Starbucks in China revenue and store count. Read More

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Where to buy Nvidia RTX 5090: these are the retailers I recommend you check

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The Nvidia RTX 5090 on a green background with a spiral pattern.

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I found it interesting to check Steam’s Hardware Survey and see that of all participating players in December 2024, 19.56% game at 1440p on their main monitor.

2K is the sweet spot between visual fidelity and performance strain, so it makes sense that a sizable chunk of Steam players hang out at this resolution. The 5090 absolutely crushes most titles at 1440p and high settings, though it does underperform compared to some of its predecessors in certain situations.

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If you haven’t already checked out Newegg’s RTX 5090 stock, do give it a look. It’s running an interesting deal on GPU trade-ins right now, meaning you can clean out your old GPU and upgrade to the 5090 in one go.

Just for fun to see how much I’d get, I plugged my GeForce RTX 3080 Ti Gaming X Trio 12G in and found Newegg would pay me $419 towards a new graphics card. That’s a 20% discount on the 5090’x $1,999 price tag – not bad at all.

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8K screenshot of Cyberpunk 2077

(Image credit: CD Projekt RED)

The RTX 5090 is the first graphics card on the market to feature GDDR7 video memory (32GB of it at that), and when combined with the improvements to DLSS, as well as Tensor and Ray Tracing Cores, it’s positioned as the first GPU viable of capably running games at 8K resolution.

Our Managing Editor, Core Tech Matt Hanson took the 5090 for a spin in graphically-demanding titles like Cyberpunk 2077, Hogwarts Legacy, and Star Wars: Outlaws to test exactly this, and the results are pretty amazing. The 5090 was able to handle Cyberpunk 2077 at 8K (7,680 x 4,320) resolution, with graphics set to RT Over Drive (essentially the highest they can go), at 148.89 frames per second.

With our Nvidia RTX 5090 review live and its benches marked, we finally have some numbers to share with the more quantitatively inclined. The graphs below show how the new RTX 5090 stacks up against cards like the RTX 4090 and 4080, as well as the RX 7900 XTX and 7900XT on AMD’s side.

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Yes, there’s a boost where DLSS is considered; but there’s also a markable upgrade over the previous generation without upscaling in the frame. As per our 5090 review, “With ray tracing and no upscaling, the difference is even more pronounced with the RTX 5090 getting just over 34% faster average framerates compared to the RTX 4090 (with a more modest 7% faster average minimum/1% fps).”

These are some exciting performance bumps, and I have a feeling the 5000 series will fly off the shelves particularly quickly.

When it comes to availability, I’ve done my best to provide a breakdown of the key retailers to watch out for higher up in this article, but be aware that stock is extremely likely to all but evaporate on launch day. Some sites, including Best Buy, Scan, and Nvidia’s own site are offering a ‘Notify Me’ feature which can alert you via email or text message when stock drops on January 30.

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It’s worth bearing in mind, however, that Nvidia’s own site will often redirect shoppers to other retailers, especially if you’re looking to buy a third-party version of the RTX 5090, so it’s a good idea to keep tabs on actual seller sites instead.

The real question for any shoppers out there is whether or not they should spring for the RTX 5090, or its little sibling the RTX 5080 – after all, the 5080 is quite literally half the price of the 5090 at $999 / £979 compared to the 5090’s $1,999 / £1,939 price tag.

Although we haven’t quite finished our testing with the cheaper (imagine me doing air quotes around that particular word) GPU, it’s fair to say that the 5080 won’t offer a pure half of the performance available on the 5090, especially once DLSS 4 and Multi Frame Generation are factored in. Of course, the RTX 5090 will likely be the more future-proofed choice, and it does carry with it certain bragging rights…

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If you’re currently rocking an RTX 3000 GPU in your rig and have been contemplating an upgrade once the next-gen cards drop (well, why else would you be here?) – you might want to know that Nvidia is potentially planning some retroactive upgrades to your GPU.

Nvidia VP Bryan Catanzaro recently suggested that it might be possible to bring Frame Generation to RTX 3000 cards, as the new version of Team Green’s frame-gen tech doesn’t rely on the Optical Flow hardware accelerator that enabled the tool in the RTX 4000 generation. Instead, it uses an AI-based solution, something that RTX 3000 cards – with their AI-capable Tensor Cores – could potentially utilize. In order words, that cutting-edge technology might soon be available for users with older GPUs, potentially nixing the need for an immediate upgrade.

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Some of you might be sitting there wondering about DLSS 4 and its fancy new Multi Frame Generation tech (the latter of which will be exclusive to RTX 5000 GPUs). The viability of DLSS and other upscaling tools of its ilk has been hotly contested by some sectors of the PC gaming community, some of whom claim that it’s become a crutch – an excuse for Nvidia to dial back generational hardware improvements and for game developers to cheap out on PC optimization.

But if recently released usage data is accurate (and there’s frankly no reason to believe it’s not), it looks like DLSS is here to stay. Thankfully, the new DLSS 4 will be backward compatible with all RTX GPUs back to the 2000 generation – unlike DLSS 3, which was locked to RTX 4000 cards exclusively.

An Nvidia GeForce RTX 5090 on a desk next to its retail packaging

(Image credit: Future)

Our Nvidia GeForce RTX 5090 review is now live! Our components editor, John Loeffler, gave it 4.5 stars, calling it “the supercar of graphics cards”. He did knock it a bit for its “obscene” power consumption, which exceeded 550W in his testing, but praised its redesigned cooling and slimmer form factor.

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Overall, it’s a major step up from the RTX 4090 in terms of performance, even without factoring in DLSS 4, so once that upscaling tech rolls out on launch day, you can expect even better performance.

The new, sleeker RTX 5000 design reportedly almost didn’t happen: earlier this week, we spotted a mysterious possible RTX 5090 prototype that was a seriously beefy boy, packing specs beyond the real 5090 and a truly absurd 800W power requirement.

While that prototype remains shrouded in uncertainty, it’s possible that it might rear its head further down the line if Nvidia chooses to resurrect its long-dormant Titan RTX series for professional users.

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If you’ve somehow stumbled onto the wrong page and were actually looking for Nvidia’s more affordable (but still definitively high-end) new GPU, you can check out our where to buy the RTX 5080 guide instead. I’ll be making sure both pages stay updated regularly up to launch day and beyond to help you track down stock, and it’s worth bearing in mind that the RTX 5080 might be a little easy to get hold of than the flagship 5090 – so if you’re desperate for shiny new graphics card, that could be a better bet.

Fun fact: the RTX 5090 is going to be quite a bit smaller than its predecessor the RTX 4090, despite ostensibly being a more powerful card. Yes, I have to say ‘ostensibly’ because we’re not past the review embargo yet, but come on, we all know it’s going to perform better.

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I’m personally over the moon that Nvidia has opted to slim things down for this new high-end GPU, because quite frankly the RTX 4090 was a comically oversized beast of a card regardless of which model you bought. All of the Founders Edition models of every upcoming RTX 5000 card will be certified for Nvidia’s own Small Form Factor Ready scheme, meaning lovers of compact PCs and living-room builds can rejoice.

There have been rumors about RTX 5000 stock shortages circling for the past few days, but even if they prove to be untrue, I strongly suspect that we’re going to see an absolute sell-out almost immediately on launch day. With no pre-orders in sight to secure you a unit in advance, your best bet is likely going to be camping on multiple retailer sites (which I’ve handily organized for you above).

The scalpers are likely to be out in force again for this launch, even now that crypto-mining isn’t as widespread and prevalent as it was during previous GPU releases. The RTX 4090 never really got over its stock issues, with units still selling above MSRP on sites like Amazon. However, that was arguably down to how much of a letdown the RTX 4080 was – hopefully this time around, Nvidia will get things right with its new not-quite-flagship GPU.

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Although you’ll still have to wait a few hours until we’re allowed to publish our review – we really don’t want to hear from Nvidia’s legal team today! – you can check out our RTX 5090 unboxing right now to get an early sneak peek at the contents of the package.

A new type of power adapter is now included in the box, making it easier to install the GPU inside smaller PC cases and hopefully putting to bed any previous thorny issues with melting power connectors

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The Nvidia RTX 5090 on a green background with a spiral pattern.

(Image credit: Nvidia / Future)

Here we go again, folks… Nvidia is about to drop its new next-gen flagship graphics card, the RTX 5090 (as well as its little brother the RTX 5080), and you can bet that hordes of gamers – and scalpers – will be chomping at the bit to get their hands on one.

As someone who’s currently got an RTX 4080 sitting inside my home PC, I’m feeling rather comfortable this time around – not beset with the urgent need to upgrade that I felt during the last big Nvidia launch. But that doesn’t mean I’m not here to help you out: with the January 30 release date closing in and the review embargo lifting today, January 23, I’ll be here for the next few weeks to keep tabs on stock and (hopefully!) point you in the right direction.

You’ll be able to check out our review later today, but right here I’ve compiled all the retailers you’ll want to keep an eye on when it comes to tracking down one of these highly-coveted GPUs. Some storefronts, such as Newegg, already have dedicated landing pages for the RTX 5090, but nowhere seems to be offering any sort of pre-orders yet – it’s possible they won’t at all. However, some retailers – including Nvidia itself – are allowing shoppers to sign up for email notifications.

Be sure to bookmark this page and check back for more updates – I’ll be keeping a close watch on retailers for any updates as stock shifts, so you can be the first to know.

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Azuki Airdrops Animecoin, Debuts at $1.2B FDV

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Animecoin, the governance token tied to non-fungible token (NFT) project Azuki, has debuted at a fully diluted value (FDV) of $1.2 billion with tokens trading at $0.12 on HyperLiquid.

The total supply of the token is set at 10 billion, and holders of the Azuki NFT can claim the airdrop.

Users reported that the official airdrop claims website suffered downtime moments after it went live.

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This Under $0.25 Crypto May Crush Shiba Inu and Pepe Coin in 2025

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This Under $0.25 Crypto May Crush Shiba Inu and Pepe Coin in 2025

The rapidly changing crypto market has a new under-$0.25 token gaining attention as a potential disruptor, set to surpass Shiba Inu and Pepe coin by 2025. Lightchain AI, now in its presale stage at $0.005625 per token, has already secured $12.7 million in funding, reflecting strong support from investors.

By merging blockchain technology with artificial intelligence, Lightchain AI introduces innovative solutions that move beyond the speculative nature of meme coins. With its forward-thinking strategy and advanced capabilities, it’s positioned for significant growth in the years ahead.

Why Shiba Inu and Pepe Coin Could Face Challenges in 2025

In 2025, Shiba Inu (SHIB) and Pepe Coin (PEPE) may encounter several challenges impacting their growth. A significant concern is their vast token supplies, which can hinder substantial price appreciation. Despite community-driven token burn initiatives, reducing the circulating supply to a level that meaningfully affects price remains a formidable task.

Additionally, the meme coin market is becoming increasingly saturated, intensifying competition and making it difficult for individual tokens to maintain investor interest. The speculative nature of these coins, often lacking intrinsic utility, subjects them to heightened volatility and susceptibility to market sentiment shifts.

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Moreover, the evolving regulatory landscape poses potential risks, as increased scrutiny could lead to restrictions or decreased investor confidence in meme-based cryptocurrencies. These factors collectively suggest that SHIB and PEPE may face significant hurdles in sustaining their growth trajectories in 2025.

How Lightchain AI Plans to Stand Out

Lightchain AI stands out by combining innovative technology with a sustainable ecosystem supported by thoughtful tokenomics and advanced solutions. Its total token supply of 10 billion LCAI is strategically allocated; 40% for presale, 28.5% for staking rewards to incentivize network participation, 15% for liquidity to ensure smooth transactions, and the remainder for marketing, treasury, and team incentives. This distribution ensures ecosystem growth while rewarding both early adopters and long-term contributors.

The platform’s low-latency architecture enhances performance, enabling real-time execution of tasks, even during high network demand. To address risks like scalability and resource constraints, Lightchain AI employs mitigation strategies, including sharding for parallel processing and dynamic resource allocation. These robust features position Lightchain AI as a leader in blockchain innovation.

Rise of Lightchain AI in 2025

Lightchain AI is poised to dominate 2025 with its groundbreaking approach to blockchain and AI integration. By combining innovative tokenomics and advanced technology, Lightchain AI offers unique solutions that set it apart from traditional cryptocurrencies.

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Its focus on scalability, security, and real-world applications positions it as a leader in the evolving crypto landscape. With growing investor interest and strong presale momentum, Lightchain AI is set to redefine the future of blockchain innovation.

Its potential for widespread adoption and practical use cases make it a strong contender to surpass meme coins like SHIB and PEPE in the coming years. As more industries embrace blockchain technology, Lightchain AI is well-positioned to capitalize on this growing market and solidify its place as a top crypto player. Invest in Lightchain AI today and be part of the next generation of blockchain revolution. 

https://lightchain.ai

https://lightchain.ai/lightchain-whitepaper.pdf

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https://x.com/LightchainAI

https://t.me/LightchainProtocol

Disclaimer: This is a sponsored article 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.

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Ether set for ‘potential tactical breakout’ after SEC kills SAB 121

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A crypto analyst says ETH is signaling a potential “low-risk, high-reward opportunity” after the Securities and Exchange Commission killed a controversial accounting rule.

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Gen Z Americans are leaving their European cousins in the dust

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The idea behind the concept of generations is that people born at a certain time share similar experiences, which in turn shape common attitudes.

The “Greatest” and “Silent” generations, born in the early decades of the 20th century, witnessed economic adversity and global conflict, going on to form relatively leftwing views. Baby boomers grew up accustomed to growth and prosperity, and went on to lean strongly conservative.

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It was a similar story for millennials, who entered adulthood in the aftermath of the global financial crisis to be greeted by high unemployment, anaemic income growth, and ballooning house price to income ratios, going on to champion strongly progressive politics.

A lot of analysis and discourse treats millennials and Gen Z as close cousins, united in their struggle to achieve the prosperity of earlier generations. But the validity of that elision depends a lot on where you look.

Millennials right across the western world really were united in their economic malaise. From the US and Canada to Britain and western Europe, the cohort born in the mid to late 1980s lived its formative adult years against a backdrop of weak or stagnant wage growth and cratering rates of home-ownership.

Absolute upward mobility — the extent to which members of one generation earn more than their parents’ generation at the same age — fell steadily. In the US, by the time someone born in 1985 turned 30, their average income was only a few per cent above that of their parents at the same age, a far cry from the clear, palpable generation-over-generation gains of 50 to 60 per cent made by those born in the 1950s.

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On both sides of the Atlantic, the narrative of millennial malaise is no myth. They may go down as the most economically unlucky generation of the past century.

But we then hit a fork in the road. For young adults in Britain and most of western Europe, conditions have only got worse since. If you thought the sub-1 per cent annual growth in living standards endured by millennials was bad, try sub-zero. Britons born in the mid 1990s have seen living standards not merely stagnate but decline. Right across Europe, there is precious little for the youngest adults to be happy about.

But in America, Gen Z are motoring ahead. US living standards have grown at an average 2.5 per cent per year since the cohort born in the late 1990s entered adulthood, blessing this generation not only with far more upward mobility than their millennial elders, but with more rapidly improving living standards than young boomers had at the same age. And it’s not just incomes: Gen Z Americans are also outpacing millennials in their climb up the housing ladder.

All the signs are that in the US, the decades-long slowdown in generation-on-generation economic progress has not only stopped but gone into reverse. Americans born in 1995 are enjoying even more upward mobility relative to their parents than those born in 1965. Zoomers by name, zoomers by socio-economic nature.

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Both the change in young Americans’ economic trajectories and the divergence from their European counterparts pose interesting questions.

From a sociological perspective, in an age of borderless social media narratives and algorithms that reward negativity, can the meme of young adult adversity survive contact with America’s Gen Z reality? And with a stream of negative social comparisons only a smartphone away, how will the growing realisation that young Americans are on a higher trajectory affect young Europeans?

Turning to politics, will the youngest cohort of American voters tread its own path? The fact that it was not only the youngest men but also young women who swung behind Donald Trump in the US election suggests this may already be happening. A group that comes to see itself as among life’s winners may not develop the same instinct for social solidarity that its downtrodden predecessors came to hold.

In an era of “vibe shifts”, the pivot from a sense of downward mobility to one of rising prosperity may prove the biggest yet. A divergence in the mood music on either side of the Atlantic will also surely inject fresh urgency into Europe’s search for an uptick of its own.

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Whichever way you look at it, the restarting of the economic conveyor belt in America could prove to be a hugely significant moment.

john.burn-murdoch@ft.com, @jburnmurdoch

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Madrona just announced its biggest fund ever, closing on $770M as other venture funds grow smaller

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Seattle skyline

Seattle-based Madrona Capital is celebrating its 30 years in business by raising $770 million in fresh capital. This is the firm’s largest fundraise to date, exceeding $690 million across two funds Madrona closed in 2022. 

While an 11% capital pool upsize may not seem significant, any increase at a time when many venture outfits are forced to reduce their fund hauls is a sign that limited partners are excited about the firm’s prospects and recent track record. 

Madrona’s managing director, Matt McIlwain, told TechCrunch that it helped that last year — in a market where exits were few and far between — the firm sold a few portfolio companies and distributed capital to its investors. The firm’s recent exits include Lexion, which sold to Docusign for $165 million, and Octo AI, which Nvidia acquired for a reported $250 million.

“The LP community is generally concerned about distributions,” McIlwain said. “I think we stood out as a firm that had done really well on that front, not just this past year, but over many years.”

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Madrona started as a group of “super angels” who wrote a check to an online bookseller, Amazon, in 1995. The firm has since evolved into a multi-stage investor that has backed companies like Redfin, Smartsheet, Snowflake and, more recently, AI startups Typeface and Runway.

Although Madrona undoubtedly benefited from being the largest VC firm in the same geographic location as Amazon and Microsoft, it decided to venture beyond Seattle by opening an office in Silicon Valley in 2022.

McIlwain said that the fresh capital will be used to invest in AI applications in domains ranging from travel to life sciences, as well as in infrastructure companies that “can remove friction” between foundational models and users. The firm will back about 30 pre-seed, seed and Series A startups from its approximately $490 million early-stage fund, and the remaining capital will go towards 12 companies raising their Series B or Series C.

As Madrona enters its fourth decade, it is extremely optimistic about what’s ahead in 2025. McIlwain described the current conditions as a ‘risk-on mindset’ that will help foster entrepreneurship and create value.

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Nigeria Looking for Better IMF Terms, Finance Minister Says

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Nigeria is “always looking for better terms” with multilateral institutions, Finance Minister Wale Edun told Bloomberg’s Cagan Koc. He made the comments after criticizing the IMF in a panel discussion at at the 2025 World Economic Forum in Davos, Switzerland. (Source: Bloomberg)

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SEC scraps SAB 121, making crypto custody easier

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SEC scraps SAB 121, making crypto custody easier

The Securities and Exchange Commission (SEC) has repealed a controversial rule requiring financial firms holding cryptocurrency for customers to report those assets as liabilities on their balance sheets.

In a bulletin issued on Jan. 23, the SEC announced that Staff Accounting Bulletin (SAB) 122 officially rescinds SAB 121, a policy introduced in March 2022 that faced significant pushback from the crypto industry.

SAB 121 had drawn criticism for its cumbersome reporting requirements, with industry leaders arguing it made custody of digital assets unnecessarily complicated.

The rule’s removal was met with relief, as highlighted by SEC Commissioner Hester Peirce’s celebratory Jan. 23 post on X: “Bye, bye SAB 121! It’s not been fun.”

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Last year, Congress also enacted a joint expression opposing SAB 121, but then-President Joe Biden vetoed it. 

Now, as the ‘pro-crypto’ Republican government has set foot, many disobliging rules within the crypto industry are starting to be revoked. A day after Donald Trump signed into his second term as President, he appointed SEC Commissioner Mark Uyeda as interim SEC chair. Uyeda commented last October on how SEC’s take under Gary Gensler was nothing short of a disaster.

Interestingly, Cornerstone Research reported on Jan. 23 that the SEC under Gary Gensler initiated just 33 actions involving cryptocurrencies in his final year as SEC chairman — down from 47 in the year prior, which saw the largest amount of enforcement activity. Last year, the SEC sued 90 bitcoin defendants or respondents, comprising 57 persons and 33 companies.

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What SAB 121 repeal means for the crypto community?

SAB 121 revocation by the SEC will serve the common by enabling custodians for Bitcoin (BTC) through regulated banks and financial institutions. This shift could also improve security and trust, providing a more secure alternative for those new to self-custody or cryptocurrency wallets. It could also spur greater adoption, as users may find it easier to interface with crypto through trusted institutions. 

Moreover, institutional custody also helps mitigate the risk of losing private keys and provides improved financial inclusion for people who are not able to create secure digital wallets. This revocation can instill confidence and even greater participation in the cryptocurrency ecosystem as regulatory clarity born from it continues.

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While most within the crypto community have been celebrating this revokement, some critics are rather weary. 

Jacob, the WhaleWire CEO, posted on X expressing and criticizing the response from the BTC community to the SEC’s recent revocation of SAB 121. He adds that the BTC community is homing in on the news that banks can now hold BTC, even though SAB 121 doesn’t actually mention BTC at all. 

Satoshi Nakamoto stated at the time that the goal of the original BTC protocol was to eliminate the need for third-party control, says Jacob. According to him, this year, 2025, is when the BTC ecosystem feels just a bit counterintuitive since it wants banks to store their BTC. Ultimately, he claims BTC itself has succumbed to greed and delusion and forebodes ill for the community.

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