Rug Radio Faces of Web3

Meta has made a significant strategic move by acquiring a 49% stake in Scale AI for $14.3 billion. This represents Meta's second-largest investment in company history, following only the $19 billion WhatsApp acquisition. The investment signals Meta's strategic push to strengthen its position in the AI race, particularly against competitors like OpenAI and Google. - Investment: $14.3 billion - Stake acquired: 49% - Strategic goal: Accelerate AI capabilities For more details, read the full report on [Decrypt](decrypt.co/325031/meta-inves).

**DegenzLive** launches a comprehensive content network focused on crypto, macro-economics, gaming, and gambling coverage. The network features three main shows: - FOMO Hour - UnderExposed FM - Rekt Radio Notable web3 personalities joining the network include: - @farokh - @Tyler_Did_It - @rektmando - @DeeZe - @0xGeebz - @CSURAM88 - @KeyboardMonkey3 - @osf_rekt Follow [@DegenzLive](https://twitter.com/DegenzLive) for updates and show schedules.

- US government signals potential tariff relief for Mexico & Canada, driving major cryptocurrencies up 6-10% - Cantor Fitzgerald CEO Lutnick reveals Trump's upcoming Bitcoin Reserve announcement, with distinct treatment planned for other cryptocurrencies - Reddit co-founder expresses interest in TikTok acquisition, proposing blockchain integration - AVAX ecosystem sees new token $Blub reach $100M fully diluted valuation at launch - Mexican billionaire Ricardo Salinas moves 70% of portfolio ($3.5B+) into Bitcoin - USDC makes history as Japan's first approved stablecoin

Key developments in the web3 space today: - **Kaito Token Launch**: Successfully debuted with $1.5B fully diluted valuation in early trading - **Virtuals Platform**: Introduced foundation for autonomous agent-based economy, marking a significant step in AI-web3 integration - **Memeland Updates**: Revealed new roadmap featuring MemePay and Meme Strategy initiatives - **Monad Progress**: Testnet now live, featuring Fantasy Top's free-to-play game launch Recent Context: - FTX initiates $1.2B repayment to small claim holders - Charles Schwab establishes Head of Digital Assets role - Michael Saylor's firm plans $2B Bitcoin acquisition [Full details available at LuckyTrader](https://newsletter.luckytrader.com)

Key market updates for December 21, 2024: - $HYPE token reaches $9B market capitalization, continuing its upward trend - Ripple announces $5M XRP donation to Trump's inaugural fund according to Fox - *BlackRock CEO Larry Fink frames crypto as digital gold alternative* - MetaMask expands pilot testing of crypto payment card across US markets This follows recent developments including Bitcoin's new ATH of $106.6k and significant movements in the memecoin sector. MetaMask's payment card expansion signals growing mainstream adoption of crypto payment solutions.