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As of December 2024, venture capital activity is shifting with significant developments in IPOs and funding rounds. ServiceTitan faces pressure to go public due to a compounding ratchet clause, while Kioxia prepares for its IPO amid market scrutiny. Additionally, Nebius has secured $100 million to expand its AI infrastructure.
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President-elect Donald Trump has nominated Paul Atkins, a former SEC commissioner and crypto advocate, to lead the Securities and Exchange Commission. This move aligns with Trump's goal to reshape U.S. cryptocurrency regulations, coinciding with Bitcoin surpassing $100,000, reflecting a significant shift in the regulatory landscape for digital assets following Trump's election victory.
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President-elect Trump is reshaping the tech landscape by appointing David Sacks as the White House A.I. and Crypto Czar. This move signals a shift towards deregulation in technology and cryptocurrency, aiming to enhance America's competitiveness in these sectors. Key tech leaders are aligning with Trump's administration, indicating a significant transformation in federal policy.
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Bitcoin has surged to over $107,000, driven by optimism surrounding the incoming Trump administration's potential for a friendlier regulatory environment for cryptocurrencies. Trump's hints at creating a national bitcoin reserve have further fueled investor enthusiasm, with Bitcoin up approximately 150% in 2024. MicroStrategy's inclusion in the Nasdaq 100 also boosts sentiment.
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Elon Musk is set to play a significant role in Donald Trump's upcoming administration through the non-governmental 'Department of Government Efficiency' (DOGE). Despite concerns over potential conflicts of interest, Trump expresses confidence in Musk's commitment to national interests over personal gain.