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- Govt's $500B AI STARGATE plan & TikTok Drama, Crypto Kidnapping Crisis, and MetaMask's Game-Changing Move
Govt's $500B AI STARGATE plan & TikTok Drama, Crypto Kidnapping Crisis, and MetaMask's Game-Changing Move
Trump drops a half-trillion dollar AI deal that sent Oracle stock soaring past Meta! Plus, a Ledger exec's terrifying ordeal, and why MetaMask users are celebrating. Don't miss today's most explosive tech revelations!
Hey there, PoI squad! 🌟
It's your friendly neighborhood crypto enthusiast Mochi, serving up today's hottest dish of Trump-flavored tech drama! From TikTok acquisition talks to AI mega-deals, we're diving deep into a world where politics meets technology. Grab your favorite beverage ☕ and let's explore how the former president is stirring up the digital pot!
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INTEL BRIEF
🟧 Trump expressed openness to potential TikTok acquisition by tech moguls Elon Musk or Larry Ellison amid ongoing regulatory challenges.
🟧 Ledger co-founder David Balland was kidnapped and safely rescued after a cryptocurrency ransom incident in France.
🟧 MetaMask and Ramp Network have partnered to enable direct fiat withdrawals from Layer-2 networks, streamlining the crypto-to-cash process.
🟧 Oracle stock surged following Trump's announcement of a $500 billion AI infrastructure partnership dubbed 'Stargate' with OpenAI and Nvidia.
Trump Welcomes Musk And Ellison As Potential TikTok Buyers
Former President Trump just dropped a social media bombshell by expressing his support for either Elon Musk or Larry Ellison to potentially acquire TikTok. During a press briefing about AI infrastructure (because apparently, we needed more tech plot twists), Trump suggested he'd be open to either tech titan taking the reins of the popular dance-and-dog-video app.
“I’m open to Elon Musk buying TikTok if he wants it. I’m also open to Larry Ellison buying it. You’re a rich guy, Larry, do you want it? I want then to do a 50/50 JV deal with America. With us, it’s worth trillions. Without us, nothing. What do you think, Larry?”
Donald Trump
— Tesla Owners Silicon Valley (@teslaownersSV)
12:43 AM • Jan 22, 2025
The stakes are astronomically high, with analysts valuing TikTok's U.S. operations at around $50 billion. But hold onto your smartphones, because Trump speculated the platform could be worth a whopping $1 trillion with the right operating permit! That's enough money to buy everyone on Earth a lifetime supply of bubble tea, but I digress.
Here's where it gets interesting: Trump proposed a rather unique deal structure, suggesting the potential buyer should "give half to the United States of America" in exchange for operating permits. It's like splitting the bill on a really, really expensive dinner date with Uncle Sam!
The plot thickens when you consider that Musk is already juggling Tesla, SpaceX, and X (formerly Twitter), while Ellison's Oracle is currently TikTok's cloud infrastructure provider in the U.S. It's worth noting that Trump's stance on TikTok has done more flips than a viral dance challenge since 2020, when he initially tried to ban the app entirely.
ByteDance, TikTok's current owner, is keeping their cards closer to their chest than a poker player with a royal flush, though rumors suggest China might be eyeing Musk as a potential suitor.
Trump openly supports potential TikTok acquisition by either Elon Musk or Larry Ellison
Proposed deal structure suggests giving 50% ownership to the U.S. government
TikTok's U.S. operations valued at $50 billion, but Trump speculates it could be worth $1 trillion with proper permits
Ledger Executive Survives Cryptocurrency Ransom Kidnapping
Ledger co-founder David Balland was kidnapped from his home in central France on January 21st. The good news? He's now safe, thanks to a swift police operation that secured his release on January 22nd. Talk about a hardware wallet creator needing some serious self-custody of his own person!
🚨 Ledger Co-Founder David Balland has been released following kidnapping and sensitive rescue operation! 👏
Balland was kidnapped in 🇫🇷France on Tuesday. The kidnappers allegedly sent a finger as part of their ransom demands.
Due to the danger to his life, media were asked… x.com/i/web/status/1…
— CryptosRus (@CryptosR_Us)
1:10 PM • Jan 23, 2025
This isn't your average "forgot my password" crisis - the kidnappers demanded their ransom in cryptocurrency, which is like asking a pastry chef to pay you in croissants (except way more serious and definitely not delicious). The incident sent shockwaves through the crypto community, with even former Binance CEO Changpeng Zhao jumping into the conversation on X before quickly doing a delete-and-retreat.
For those who've been living under a blockchain, Ledger isn't just another tech startup - it's a $1.42 billion company that's sold over seven million hardware wallets. They're basically the Fort Knox of crypto, helping people keep their digital assets safer than a dragon guarding its gold. Speaking of safety, Ledger proudly claims none of their wallets have ever been hacked, though this incident reminds us that sometimes the biggest security risks happen offline!
The crypto community's response was more cautious than a validator during a network upgrade, with Casa's CTO Jameson Lopp noting his "spidey sense" was tingling due to Ledger's initial silence. Turns out his spider sense wasn't wrong!
Lots of unconfirmed rumors swirling that a Ledger co-founder / executive was kidnapped for ransom. We have no reliable info on what has transpired, though Ledger's silence makes my spidey sense tingle.
I suspect that there is an ongoing incident involving an undisclosed person.
— Jameson Lopp (@lopp)
6:13 PM • Jan 22, 2025
Ledger co-founder David Balland was kidnapped and safely rescued after a police operation in France
Kidnappers demanded cryptocurrency as ransom, adding a dark twist to the crypto security narrative
Incident highlights real-world security risks in crypto, despite Ledger's success with 7 million+ unhacked wallets sold
MetaMask Launches Direct Layer 2 To Fiat Withdrawals
MetaMask just dropped a game-changing feature that lets you turn your Layer-2 Ether into real-world money ." Thanks to their expanded partnership with Ramp Network, users can now skip the whole "bridge-to-mainnet-then-pray-for-low-fees" dance we've all been doing.
💸 Sell your crypto directly in @MetaMask with Ramp Network – zero fees until the end of the month!
We now support:
⚡ ETH on Ethereum and the most popular L2s, like Optimism, Polygon, BNB Chain, and more
💸 Instant cashouts in 130+ countries and to 35+ local currencies
🌍 A… x.com/i/web/status/1…— Ramp Network (@RampNetwork)
3:12 PM • Jan 22, 2025
Here's the scoop: this integration supports over 35 fiat currencies and works with popular L2 networks like Optimism, Polygon, and BNB Chain. For our American friends, you get instant bank transfers, while our European crypto fam gets to enjoy SEPA Instant payouts.
Ramp Network's CEO, Szymon Sypniewicz (try saying that three times fast!) explains that this move is all about eliminating those pesky extra steps like bridging or dealing with centralized exchanges.
The timing couldn't be better, as Ethereum L2 users have been desperately seeking ways to turn their digital dollars into real ones without performing a complicated crypto ballet involving multiple platforms. Plus, with the recent trend of making Web3 more accessible to Web2 users, this feels like teaching your grandparents to use a smartphone - it just makes everything easier for everyone!
MetaMask users can now cash out directly from L2 networks to fiat via Ramp Network
System supports 35+ fiat currencies with instant transfers in US and SEPA Instant in Europe
Integration eliminates need for bridging or using centralized exchanges, reducing costs and complexity
Oracle Stock Jumps As Trump Announces 500 Billion Dollar AI Partnership
Oracle‘s stock rocketed up 7% after Trump unveiled what I'm dubbing the "Mother of All Tech Deals." We're talking about a $500 billion AI infrastructure partnership that's bringing together Oracle, OpenAI, and Nvidia like the tech industry's version of The Avengers!
Announcing The Stargate Project
The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure… x.com/i/web/status/1…
— OpenAI (@OpenAI)
10:23 PM • Jan 21, 2025
Speaking of superheroes, Larry Ellison just pulled a Tony Stark move, getting $12 billion richer in a single day! That's enough to buy everyone in New York a lifetime supply of premium cloud storage (not that he would, but wouldn't that be nice?). This cosmic cash injection launched him past Mark Zuckerberg.
The plot thickens with a side of TikTok drama, as Oracle's already playing host to TikTok's U.S. data - talk about being everyone's favorite dance partner! And with Trump's recent 90-day TikTok ban extension, Oracle's looking like the popular kid at the tech prom who might just save the party.
Trump's inauguration, it was like a billionaire's convention with OpenAI's CEO Sam Altman, Jeff Bezos, and Mark Zuckerberg all showing up (though Ellison apparently had other plans - maybe counting his new billions?).
$500 billion 'Stargate' AI partnership announced between Oracle, OpenAI, and Nvidia
Oracle stock jumped 10% total, making Larry Ellison $12 billion richer and the world's third-richest person
Project announcement comes amid ongoing TikTok drama, where Oracle plays a crucial role as U.S. data host
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That's all the Trump-tech tea for today, PoI fam! 🎪 From potential TikTok sales to billion-dollar AI partnerships, it's been quite the rollercoaster. Remember to keep your crypto secure (looking at you, Ledger users 👀), and your withdrawals smooth (thanks, MetaMask! 💫).
P.S. Don't forget to share your thoughts, questions, and favorite crypto puns with us. very voice matters in the PoI community! 📣❤️ Share the newsletter
🍨📰 Catch you in the next issue! 📰🍨
Intel Drop #174
Disclaimer: The insights we share here at Proof of Intel (PoI) are all about stoking your tech curiosity, not steering your wallet. So, please don't take anything we say as financial advice. For all money matters, consult with a certified professional. -