Matt Levine / Bloomberg: Circle’s S-1 shows that it is a fintech and that, as of December 31, 2024, ~85% of USDC reserves were in a BlackRock-managed money market fund only for Circle  —  Circle, slangy wealth management chatbots, private credit runs, SEC climate rules and OCC desk space. Lees verder op Tech Meme

Ryan Weeks / Bloomberg: President Trump’s tariffs are set to disrupt the Bitcoin mining sector, as many of the largest miners are based in the US and the supply chain is rooted in Asia  —  Lauren Lin is in a hurry.  She has less than 48 hours to ship about 5,600 Bitcoin mining machines from Thailand to the US … Lees verder op Tech Meme

Samuel Stolton / Bloomberg: Sources: Ireland’s DPC will fine TikTok €500M+ before the end of April for illegally shipping European users’ data to China, after a lengthy GDPR investigation  —  The penalty is likely to be the third highest ever dished out by the Irish watchdog following earlier fines of €746 million … Lees verder op Tech Meme