Argentina's president Javier Milei backtracks on an X post promoting a memecoin called Libra, which rose to a $4.4B market cap before plunging by 95%+ — Milei deleted his original promotional tweet and revealed that he wasn't aware of its details. — What to know:
CB Insights: a record 1,200 VC-backed unicorns have yet to IPO or get acquired; Carta: fewer than 30% of 2021 unicorns raised funding in the past three years — The billion-dollar startup bubble is deflating, and more than $1 trillion in value is locked up in companies with dwindling prospects.
A profile of Watch Duty creator John Clarke Mills, who wants the fire-tracking app to become a one-stop shop for information during any disaster — Watch Duty proved indispensable during the recent LA wildfires. John Mills, the app's creator, wants it to be the one place to go for tracking disasters.
Sources: Mark Zuckerberg's overtures to President Trump have unsettled employees and are part of an effort to shift antitrust scrutiny off Meta and onto Apple — Mark Zuckerberg kicked off 2025 with an Instagram video that outlined his vision for what he called restoring “free expression” …
The doge.gov website tracking Elon Musk's cuts to the federal government pulls from a database editable by anyone, say two sources who found the vulnerability — The doge.gov website that was spun up to track Elon Musk's cuts to the federal government is insecure and pulls from a database …
Sources: the White House plans to renegotiate some Chips Act awards after reassessing requirements, and has signaled delays to some upcoming disbursements — The White House is seeking to renegotiate U.S. CHIPS and Science Act awards and has signaled delays to some upcoming semiconductor disbursements …
Financial Times : Russian cryptocurrency payment network A7 expands to Africa, as Moscow builds an alternative payments system amid weste...
