Former SEC Chair Gensler appointed by MIT to lead AI research initiative.

The Massachusetts Institute of Technology (MIT) has announced the appointment of former SEC Chair Gensler to lead their AI research initiative. This move comes as Chinese AI startup DeepSeek triggered a global tech selloff, although analysts remain calm amidst the situation. Moreover, Venice.ai has debuted a token system for privacy-focused AI access, while ARM Holdings (ARM) Stock has seen a significant increase due to a massive government AI initiative.

In the world of cryptocurrencies, Nuvve Corporation has approved a Bitcoin Treasury investment plan, and MicroStrategy made a monumental Bitcoin purchase that surpassed 470K BTC. Sony has introduced Soneium, a new Layer-2 blockchain solution, while Mango Markets users faced a January deadline for exiting the platform.

WazirX has received court approval for its restructuring plan following a $234M hack. Additionally, Phemex Exchange suffered a $29M cross-chain security breach, while French Police successfully freed a kidnapped Ledger executive after a day-long ordeal. Russian authorities handled the largest-ever crypto corruption seizure in their country.

In the realm of cryptocurrency prices, Dogecoin (DOGE) and Bitcoin (BTC) prices have been in the spotlight. Dogecoin’s price has the market weighing the impact of recent developments, while Bitcoin emerges stronger after successfully defending the $100,000 mark. Moreover, Dogecoin ETF proposals are now under SEC review for consideration.

Japanese investors utilizing NISA accounts have impacted the value of the Yen, while the market rally continues despite institutional investors’ caution as the S&P 500 hits a record high. Saudi Arabia has announced a $600 billion US investment plan through 2029, signaling a significant move in the global investment landscape. Additionally, US sanctions have driven diesel prices higher, with ExxonMobil leading the charge in domestic production.

Meanwhile, Powerball and Mega Millions combined jackpots have exceeded $300 million in January drawings, offering a massive payout for lucky winners. Macau has seen a shift in leadership, with former judge Sam Hou Fai taking the reins of the casino-dominated economy. Crown Melbourne was fined $2 million for self-exclusion violations, emphasizing the importance of responsible gambling practices. The BGC has released an international guide for online gambling regulation to ensure a safe and secure betting environment for users.

Creators on TikTok are worried about a potential ban in January, as ByteDance rejects sale offers to keep the platform running. In the stock market, Alphabet Inc. (GOOG) has seen a rise due to the success of their Willow Quantum Chip. Xiaomi (XIACF) has expanded its EV lineup with the YU7 SUV following the success of the SU7 Sedan. Apple (AAPL) has introduced a new wall-mounted smart display to compete with Amazon and Google in the home automation market, signaling an exciting development in the tech industry.