Elon Musk Said to Propose Blockchain Use at D.O.G.E. for Efficiency: Bloomberg Representatives of the Department of Government Efficiency have spoken with leaders of several public blockchains, people familiar with the matter told Bloomberg.

China considers selling TikTok U.S. operations to Musk, Bloomberg reports The Chinese government is considering a plan for Elon Musk to acquire TikTok’s U.S. business, Bloomberg News reported on Monday.

USDC Issuer Circle Makes Layoffs as Part of Operations Review: Bloomberg The job cuts amount to “less than 6% of Circle’s workforce,” according to a company spokesperson.

Bloomberg Says RFK Jr. Would Be ‘Beyond Dangerous’ as Health Secretary Michael R. Bloomberg, the former New York City mayor and a public health advocate, is asking Senate Republicans to persuade President-elect Donald J. Trump to “rethink” Kennedy’s nomination.

Microsoft is the mystery AI company licensing HarperCollins books, says Bloomberg Illustration: The VergeJust one day after 404 Media revealed that HarperCollins struck a three-year AI training deal with an unnamed company, Bloomberg now says Microsoft will use the publisher’s content to train a not-yet-announced AI model. HarperCollins said in a statement to 404 Media that its deal will include “select nonfiction backlist ti…

Bloomberg, After Months of Pressure, Donates $50 Million to Help Harris The former mayor of New York City is known for making political donations late in the campaign season. Democrats had been lobbying him to spend more.

TradFi Giant State Street Mulls Creating Stablecoin, Tokenized Deposits: Bloomberg Traditional financial heavyweights are getting increasingly involved in tokenization efforts, putting financial assets on blockchain rails for operational benefits.

Bloomberg’s $1 Billion Gift of Free Medical School Tuition Only Applies to Some A donation from Bloomberg Philanthropies will provide free tuition for Johns Hopkins medical students, if their families make less than $300,000 a year.

$1 Billion Bloomberg Gift to Hopkins Makes Tuition Free for Most Medical Students The gift, made by Michael R. Bloomberg’s philanthropic organization, will also cover living expenses for some Johns Hopkins University students.

Standard Chartered Is Building a Spot BTC, ETH Trading Desk: Bloomberg Standard Chartered would become one of the first global banks to enter spot cryptocurrency trading.

Apple and OpenAI aren’t paying each other yet, says Bloomberg Allison Johnson / The VergeWhile the partnership between Apple and OpenAI announced at WWDC this week promises to give ChatGPT a prestigious place in Apple’s ecosystem, it seems neither party is paying the other to make that happen. According to a report from Bloomberg’s Mark Gurman, Apple instead believes that the exposure OpenAI will receive f…

Tether Expects to Invest Over $1B in Deals in the Next Year: Bloomberg

Reports: Bloomberg joins Wolves purchase group Michael Bloomberg, the billionaire media magnate and former New York City mayor, reportedly has agreed to partner with Marc Lore and Alex Rodriguez.

Kraken Said to be Raising Over $100M Pre-IPO Funding: Bloomberg Kraken is looking to raise more than $100 million and this may be completed by the end of this year, Bloomberg reported.

Two SEC Lawyers Resign Following Debt Box Sanctions Fiasco: Bloomberg Two lawyers for the U.S. Securities and Exchange Commission (SEC) were forced to resign after a federal judge sanctioned the agency last month for committing a “gross abuse of power” while attempting to secure a temporary restraining order against Utah-based crypto company Debt Box, according to a Monday report from Bloomberg.

Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports

Crypto Venture Capital Firm Paradigm Looking to Raise Up to $850M for New Fund: Bloomberg The VC is looking to raise between $750 million and $850 million, Bloomberg reported citing source familiar.

Jump Trading, Wormhole Part Ways Amid Tough Crypto Market: Bloomberg Although Jump has been scaling back its crypto-related operations, the reason for the business’ parting of ways remains unclear, Bloomberg reported.

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg The news comes a day after HSBC, one of the world’s largest banks, said it plans to start a digital-assets custody service for institutional clients.

Hong Kong Now Considering Spot Crypto ETFs for Retail Investors: Bloomberg The move comes a month after authorities in the City updated financial regulations to allow for retail investors to buy spot crypto ETFs.