🏆🤖Potential US FAA Reforms

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Good morning Opportunists. The FAA faces potential shake-ups under Musk’s watch, the infamous crypto thief "Razzlekhan" gets 18 months behind bars, and SpaceX launches a plush banana on its latest Starship test flight. Let’s dive into the headlines reshaping space, law, and the skies!

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Trending US Money News and Regulations

Potential US FAA Reforms

Elon Musk’s clashes with the FAA over SpaceX’s regulatory violations have escalated, with the agency fining SpaceX $633,009 and halting launches due to environmental reviews. Now, with President-elect Trump assigning Musk to reshape federal bureaucracy, including potential FAA reforms, the billionaire could influence aviation and space regulations, sparking debate over balancing innovation with safety in the U.S. airspace system. [Source]

The Great Work Migration of 2024 - 2025

San Francisco’s tech scene is roaring back to life, fueled by a new wave of immigrant founders drawn to the epicenter of AI innovation. Entrepreneurs from around the globe, like fintech founder Emmanuel Martes from Colombia, are relocating to the Bay Area, inspired by its unmatched access to capital, talent, and a vibrant culture of building. Despite immigration uncertainties under Trump, many see his deregulation promises as a boost for venture activity, making San Francisco the go-to destination for ambitious founders chasing their next big break. [Source]

Crypto Thief Gets Sentenced

Heather “Razzlekhan” Morgan, the eccentric rapper-turned-crypto thief, was sentenced to 18 months in federal prison for her role in the 2016 Bitfinex hack, which saw her and her husband steal $10.8 billion in Bitcoin (at today’s value). While her husband received five years for masterminding the operation, Morgan gained notoriety for her flamboyant persona and viral music videos, with her bizarre saga now inspiring a feature film in development by Amazon MGM Studios. [Source]

Science and Technology

The Banana Launch: SpaceX’s Starship, the world’s most powerful rocket, completed its sixth test flight, showcasing new milestones like re-igniting a Raptor engine mid-flight and testing upgraded heat shield materials during reentry. With Musk aiming for 25 Starship launches in 2025 and NASA selecting it as the Artemis program’s crewed lunar lander, the rocket is quickly advancing toward its mission of enabling human exploration of the moon, Mars, and beyond. [Source]

Urgent Apple Update: Apple has released urgent security updates to patch two "zero-day" vulnerabilities in macOS, WebKit, and JavaScriptCore, which were exploited in active cyberattacks potentially linked to government-backed hackers. These bugs, which could allow malware to infiltrate devices via malicious web content, make it critical for Mac, iPhone, and iPad users to update their devices immediately. [Source]

AI Medical Examiner PSA: Before uploading private medical data to an AI chatbot, think twice—your sensitive information could end up in unexpected places. Generative AI tools like ChatGPT, Google’s Gemini, or X’s Grok may use your uploads, including X-rays and MRIs, to train their models, raising concerns about privacy, data sharing, and potential exposure to healthcare providers, employers, or even government agencies, all without the protections of HIPAA. [Source]

Business & Markets

BrightAI: After selling SmartThings to Samsung, Alex Hawkinson co-founded BrightAI to tackle critical infrastructure issues using IoT and AI. BrightAI’s sensors monitor physical assets in real-time, helping companies like pest control supplier Pelsis proactively address problems, and with $80 million in revenue, the company is now scaling up after a $15 million seed round led by Upfront Ventures. [Source]

Dogecoin: If you had invested $1,000 in Dogecoin (DOGE) in November 2014, you’d be sitting on a staggering $1.59 million today—a jaw-dropping 159,531% return. With DOGE surging 160% over the past month and riding high on Donald Trump’s election win, bolstered by Elon Musk’s support and the creation of the “Department of Government Efficiency (D.O.G.E.),” the memecoin’s future growth potential remains both tantalizing and unpredictable. [Source]

SHIB Coin in Business: Shiba Inu, a rapidly growing memecoin, is solidifying its position globally with a robust ecosystem and ambitious projects. Marketing lead Lucie highlighted key initiatives like ShibaSwap, Shib Games, ShibaHub, and Shiba’s Metaverse, alongside the privacy-focused Shy Mode, which aims to enhance anonymous transactions—further bolstering SHIB’s dominance. With over 45,000 businesses, including GameStop, Petco, and Regal Cinemas, accepting SHIB as payment, and significant contributions to global charitable causes, the token continues to expand its real-world impact and crypto market influence. [Source]

xAI Moves $6B AI Server Orders from Supermicro to Rivals: Elon Musk’s xAI has shifted all AI server orders from embattled Supermicro to Dell, following a U.S. Department of Justice probe into Supermicro for alleged accounting manipulations and export violations. This move benefits Dell and its suppliers, Wistron and Inventec, as they ramp up production to meet growing AI demand, while Supermicro faces potential NASDAQ delisting and the financial fallout of losing a multi-billion-dollar client. [Source]