Rep. Tom Emmer Named Vice Chair of House Digital Assets Subcommittee

French Senator Sylvie Vermeillet proposed classifying Bitcoin as "unproductive," suggesting taxing it like luxury items and vacant properties. The bill would tax unrealized gains exceeding €800,000, potentially driving innovators and businesses away from France.

Australia has formed a task force to target non-compliant cryptocurrency ATM operators violating anti-money laundering laws. With over 1,300 machines in operation, the country aims to reduce criminal exploitation of crypto.

Pudgy Penguins, the third-largest NFT collection by market capitalization, will launch a new token called PENGU on the Solana blockchain. The token distribution includes allocations for NFT owners and liquidity on decentralized exchanges, aiming to leverage the brand's strong market presence.

DASTAN, the parent company of Decrypt and Rug Radio, is launching MYRIAD, a prediction market and engagement ecosystem to revolutionize digital media engagement. MYRIAD aims to reward users, compensate creators fairly, and increase ROI for advertisers.

Tencent has quietly released Hunyuan Video, an open-source AI video generator, challenging existing top-tier models like Runway Gen-3 and Luma 1.6. The model uses a unique text encoder and special token refiner to enhance prompt understanding and improve generation quality.

Semler Scientific, a healthcare technologies company, has increased its Bitcoin holdings by purchasing 303 Bitcoin at an average price of $96,779. The company now holds 1,873 Bitcoin, valued at over $189 million, ranking 14th among publicly traded companies in Bitcoin holdings.

David Sacks, a venture capitalist, has been appointed by President-elect Donald Trump to oversee AI and crypto policy initiatives for his second term. Sacks will lead the technology czar position and the Presidential Council of Advisors for Science and Technology, focusing on American competitiveness.

Bitcoin's price plummeted 6.3% to $92,000 within minutes before rebounding above $97,600, triggering over $1 billion in liquidations. The asset, up 39% in the past month, saw $817 million in liquidations from positions betting on higher prices.

Allegations of a rug pull surround the HAWK token launch by "Hawk Tuah" girl, leading to a 93% value collapse. Despite denial of wrongdoing, insiders sold off tokens, causing a $3 million profit.

Decrypt and Rug Radio have launched the MYRIAD platform in public beta, integrating prediction markets and reader engagement tools. The platform aims to create a fair media ecosystem rewarding readers, creators, and advertisers.