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Trump's Stablecoin Strategy, El Salvador's Bitcoin Bonanza, India's AI Awakening, and Google's Ethical Evolution!

From Trump's $227B stablecoin power grab to Google ditching "Don't Be Evil" for military AI - Mochi breaks down this mind-blowing tech transformation! When governments and tech giants make moves, we're here to spill the digital tea! 🌟

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Hey there, PoI readers! 💫

It's our favorite Japanese dessert-inspired writer Mochi here, ready to dish out today's hottest tech and web3 news! From Trump's stablecoin strategy and El Salvador's Bitcoin shopping spree to India's AI ambitions and Google's dramatic ethical shift - we've got a feast of fascinating updates that'll make your brain buzz with excitement! 🌐 Let's dive into these juicy stories that are shaping our digital future!

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INTEL BRIEF

🟧 Trump administration confirms plans to regulate and integrate stablecoins into the US financial system, viewing them as strategic tools for extending dollar dominance.

🟧 El Salvador continues its Bitcoin acquisition strategy, adding 12 BTC to reach 6,068 BTC total holdings, despite recent IMF agreement.

🟧 OpenAI CEO Sam Altman revises his stance on India's AI capabilities, now supporting the country's potential AI leadership while acknowledging their position as OpenAI's second-largest market.

🟧 Google's parent company Alphabet removes its ban on AI weapons development, marking a significant shift in its ethical stance on AI applications.

Trump Administration Unveils Plan to Control $227 Billion Stablecoin Market

Donald Trump's administration has officially set its sights on bringing the massive $227 billion stablecoin market back to American soil, according to Trump's crypto czar David Sacks. Speaking on CNBC's Closing Bell Over Time, Sacks dropped this news faster than traders dump their coins during a market crash!

Trump’s crypto and AI czar David Sacks on CNBC’s “Closing Bell Over Time.” Source: CNBC

97% of all stablecoins are already pegged to our beloved greenback, with Tether's USDT flexing as the undisputed heavyweight champ, commanding over 60% of the market.

But why this sudden desire to play nice with stablecoins? Well, Sacks believes these digital dollars could be Uncle Sam's secret weapon for world domination (financially speaking, of course). The administration speculates this move could generate "potentially trillions of dollars" in new demand for US Treasuries - basically turning stablecoins into America's new financial BFF.

This increased demand is believed to potentially help manage US debt and might even bring down those pesky long-term interest rates. Who knew stablecoins could be such team players?

Trump administration announces plans to regulate and onshore the $227B stablecoin industry
97% of stablecoins are already USD-pegged, with Tether's USDT dominating 60% of the market
Move is believed to potentially generate trillions in US Treasury demand and help manage interest rates

El Salvador Snags 12 More Bitcoin During Market Dip Adding to 554M Treasury

In a bold move that would make any crypto trader jealous, El Salvador just scooped up 12 more Bitcoin during the market's recent price wobble. Breaking it down like a pro trader's chart: they grabbed 11 BTC for a cool $1.1 million (averaging $101,816 per coin), then came back for a cheeky single Bitcoin at $99,114.

This shopping spree brings their total Bitcoin treasure chest to a whopping 6,068 BTC, currently worth over $554 million. That's enough Bitcoin to make even a crypto whale blush! The Bitcoin Office couldn't help but flex on X (formerly Twitter), announcing they've stacked 21 BTC this week alone and 60 BTC in the past month.

this buying frenzy comes right after El Salvador shook hands with the IMF on a $1.4 billion financing deal. While they agreed to make some changes to their Bitcoin laws (like making private sector acceptance optional), they're clearly not letting that stop their Bitcoin accumulation game. In fact, they're rumored to be planning to "intensify" their Bitcoin purchases in 2025.

El Salvador adds 12 more BTC to their holdings, bringing their total to 6,068 BTC ($554M)
Recent purchases came despite new IMF agreement requiring some Bitcoin law modifications
Country plans to continue and potentially increase Bitcoin purchases in 2025

Sam Altman Changes His Mind About Indian AI After Calling It Completely Hopeless

In a dramatic reversal that would make even politicians blush, Sam Altman has gone from calling India's AI development chances "totally hopeless" to championing the country as a potential AI leader. Speaking alongside India's IT Minister Ashwini Vaishnaw, Altman revealed that India is actually OpenAI's second-largest market globally.

India isn't just sitting around waiting for validation. They're cooking up their own AI model that's promised to be safer than a mother's hug and cheaper than street food! The government is throwing some serious hardware at this project - we're talking 10,000 GPUs with another 8,693 on the way. And get this: while global AI models charge $2.5-3 per hour, India's planning to offer their computing resources for less than Rs 100 per hour (after a 40% government subsidy). That's what I call a tech bargain!

Minister Vaishnaw, channeling his inner space enthusiast, compared India's AI ambitions to their successful Chandrayaan mission. Meanwhile, Altman, fresh from announcing OpenAI's casual $500 billion 'Stargate' project, now admits that while AI development isn't cheap, it's no longer out of reach for countries like India.

OpenAI's Altman reverses his stance on India's AI capabilities, now supporting their leadership potential
India reveals plans for indigenous AI model with 18,693+ GPUs and affordable computing costs
India stands as OpenAI's second-largest market globally, challenging previous skepticism

Google Removes AI Weapons Ban as Company Shifts Focus to Military Applications

Alphabet, Google's parent company, has quietly shown its previous AI weapons ban the digital door, dropping the "likely to cause harm" clause faster than you can say "autonomous defense system." In a blog post that probably made their 2018 selves need a virtual hug, Google's bigwigs James Manyika and DeepMind's Demis Hassabis argued that democracies should lead AI development for national security.

Remember when Google employees staged the equivalent of a digital sit-in over Project Maven in 2018? Those same folks who once refused to renew a Pentagon contract are now watching their company allocate a whopping $75 billion for AI projects this year - that's 29% more than Wall Street expected! Meanwhile, the Doomsday Clock folks are over here like, "Hey, remember when we warned about AI making military decisions that could cause massive destruction?"

The timing of this announcement is particularly interesting, dropping just before Alphabet's financial report showed weaker-than-expected results. Is this a case of principles following profits? From "Don't be evil" to "Do the right thing" to "Let's not rule anything out," Google's ethical evolution is giving us whiplash!

Google removes its ban on AI weapons development, citing need for democratic nations to lead in military AI
Company plans to invest $75 billion in AI projects this year, 29% above analyst expectations
Shift marks dramatic reversal from 2018 when employee protests stopped Pentagon AI collaboration

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That's today's scoop, PoI fam. Remember, whether you're stacking sats like El Salvador or building AI empires like India, the future is being written in code - one block(chain) at a time! 🌟

Want to share your thoughts on Google's ethical evolution or El Salvador's Bitcoin appetite? Slide into our community chat - your voice makes PoI even better! 💭❤️ Until next time, keep your passwords strong and your spirits stronger!

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🍨📰 Catch you in the next issue! 📰🍨

Intel Drop #179

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. -