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‘Rock star complex’ saw Tyler Did It round trip 1K ETH: NFT Collector 

Tyler Warner (Tyler Did It) convinced himself he was a rock star trader in the bull market but failed to hold on to his gains: NFT Collector.

Tyler Warner, aka Tyler Did It on X, has become one of the top content sources about whats happening in NFTs and crypto. He first dabbled in crypto in 2017, with the NFT mania of 20212022 capturing his imagination and sending his career in a new direction.

Tyler caught the Art Blocks wave, as well as Azukis, Moonbirds and Pudgy Penguins. At the top, his NFT portfolio was worth around 1,000 ETH, but like so many JPEG enthusiasts from this time, he handed back the majority of the paper wealth as NFTs hit a brutal bear market.

I round-tripped it all. I think I ran up to about 1,000 ETH, or about $3 million, at peak in August [2021]. I will admit I fell into a little bit of a rock star complex during that first full cycle, thinking Im the best trader out there, and Im so good at this. It truly was like everyones a genius in the bull market; it was easy to get caught up in a moment, says Tyler.

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Ethereum’s recent pullback could be a gift: Dynamo DeFi, X Hall of Flame

Dynamo DeFi isn’t expecting Ethereum to double anytime soon due to the ETFs but says the recent pullback could be a “gift.” X Hall of Flame.

The impact of spot Ethereum ETFs on Ethers price once trading starts might challenge the old saying “first the worst, second the best, suggests crypto analyst and educator Patrick Scott, also known as Dynamo DeFi.

The popular crypto personality predicts that Ether wont follow in Bitcoins footsteps, after BTC almost doubled its price soon after the spot Bitcoin ETF launched in January.

I’m not expecting the same sort of multiples immediately in a two-month period that we had with Bitcoin, Scott tells Hall of Flame from his car in a parking lot, shortly before saying, Hold on because a police car has pulled up behind him.

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Deepfake AI ‘gang’ drains $11M OKX account, Zipmex zapped by SEC: Asia Express

OKX blames “coin-stealing hacking gang” for deepfake AI theft of $11M, Zipmex unlicensed, Microvisionchain’s millions in grants: Asia Express

Our weekly roundup of news from East Asia curates the industrys most important developments.

Crypto LaLa, operations manager at Quant Matter, says their account on crypto exchange OKX worth $11 million was drained by hackers within 25 minutes with no email or two-factor authentication warnings.

“I couldn’t believe my eyes,” Crypto LaLa wrote on June 11. “I have many years of extensive experience in the cryptocurrency space, and this was the first time I had personally seen my assets being stolen. To this day, I still cant believe that all the money in my OKX account was stolen. My hands are still shaking, and I am extremely angry, frustrated, and sad.”

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

6 questions for Goggles Guy who ‘saved’ crypto with question to Trump

“The guy in the goggles” tells Cointelegraph about his single question to Trump that helped turn around crypto’s fortunes in the U.S.

Malcolm DeGods, better known on social media as the guy in the goggles, asked presidential candidate Donald Trump a single question at an NFT event at Mar-a-Lago earlier this month and has since been credited with triggering a crypto revolution in Washington.

We caught up with Malcolm about what he thought of his small part in crypto history and the story behind those gaudy sunglasses.

I think that there have been a lot of very smart people whether its Brian Armstrong and Paul Grewal or the Blockchain Association who have been on the Hill dedicating their lives to crypto regulation and making the U.S. a safe haven or at least somewhere where crypto teams can operate.

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Make meth, napalm with ChatGPT, AI bubble, 50M deepfake calls: AI Eye

Meth recipes with ChatGPT ‘Godmode’, robot dogs with machine guns, AI will need 256% of global compute, is AI the new dotcom bubble? AI Eye

A hacker named Pliny the Prompter has managed to jailbreak GPT-4o. Please use responsibly and enjoy! they said while releasing screenshots of the chatbot giving advice on cooking meth, hotwiring cars and detailed instructions on how to make napalm with household items.”

The GODMODE hack uses leetspeak, which replaces letters with numbers to trick GPT-4o into ignoring its safety guardrails. GODMODE didnt last long, though. “We are aware of the GPT and have taken action due to a violation of our policies,” OpenAI told Futurism.

Is the stock market in the midst of a massive AI stock bubble? Nvidia, Microsoft, Apple and Alphabet have risen by $1.4 trillion in value in the past month more than the rest of the S&P 500 put together, and Nvidia accounted for half that gain alone.

Unlike the dotcom crash, though, Nvidias profits are rising as fast as its share price, so its not a purely speculative bubble. However, those earnings could fall fast as demand slows due to consumers believing AI is overhyped and underdelivers.

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Mt Gox not dumping Bitcoin just yet, Hong Kong boots out crypto exchanges: Asia Express

Bitcoin markets are safe from a Mt Gox dump for now, Hong Kong to boot out unlicensed exchanges, Binance sells Gopax claims at rock bottom.

Our weekly roundup of news from East Asia curates the industrys most important developments.

Mark Karpeles, the former CEO of defunct Japanese crypto exchange Mt. Gox, said that the firm will not dump its Bitcoin stake to repay creditors as of now: “As far as I know, everything is fine with Mt Gox. The trustee is moving coins to a different wallet in preparation for the distribution that will likely happen this year; there is no imminent sale of Bitcoins happening,” Karpeles wrote.

In a statement to Cointelegraph, Neil Roarty, analyst at investment platform Stocklytics, said that any potential flash sale by Mt. Gox could upset the current supply and demand dynamic:

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Torque Drift 2 devs quit after Web3 pivot; game NFTs are not securities: Web3 Gamer

Ten devs quit Torque Drift 2 after studio added blockchain, Saga CEO says in-game assets aren’t securities, MetaFighter review: Web3 Gamer.

Changing direction can be nerve-wracking for any company. But when Grease Monkey Games founder Arran Potter told the team they were moving into Web3 gaming, he had no idea it would result in 10 employees quitting the compnay.

We told the studio this is whats happening. Were going into this space, then we lost a bunch of staff. They just didnt want to make a Web3 game, Potter tells Web3 Gamer.

We lost maybe 10 people over a period of a month or so, he adds.

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Hong Kong streaming firm to buy $100M of crypto, Worldcoin sanctioned: Asia Express

Hong Kong streaming firm to buy $100M of crypto, Worldcoin reprimanded on privacy, women take charge of biggest exchanges: Asia Express.

Our weekly roundup of news from East Asia curates the industrys most important developments.

Hong Kong regulators are considering allowing crypto ETF issuers inthe East Asian cityto stake their custodied Ether. According to reports, talks for greenlighting ETH staking arecurrentlyongoing, and there is no clear deadline for a decision. If approved, staking on the Ethereum network would allow issuers to earn a yield of up to 3.6% per annum by validating transactions.

But since their launch on April 30, Hong Kong spot Ether ETFs haveseen little tonotraction.Three funds have custodied a cumulative $44.9 million, and net outflows have totaled $2.2 million. On certain days, the Ether ETFs experienced no inflows whatsoever. Fee-wise, the spot crypto ETFS charge upwards of 1% per annum, compared to less than 0.30% for their U.S. counterparts.

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Bybit’s Notcoin listing debacle, China firm’s profits up 1100% after crypto buy: Asia Express

Bybit to compensate users after Notcoin listing debacle, China gaming firm’s profits up 1100% after $200M crypto buy, and more: Asia Express.

Our weekly roundup of news from East Asia curates the industrys most important developments.

Cryptocurrency exchange Bybit hasbeenembroiledin controversyover the initial listing of Notcoin (NOT), a play-to-earn game and token integrated as a Telegram Mini App and built on The Open Network.

Essentially, not all users received their airdrop before the market opened, leaving them at a disadvantage to those who had. The trading price was subsequently much lower than some other exchanges.

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

OpenAI’s ‘iPhone moment’ trumps Google, AI lies, porn and dating: AI Eye

OpenAI’s voice assistant demolishes Google’s, plus why do AI’s lie… and should they date each other? GPT-porn and AI detectors: AI Eye.

From the reaction on social media, it seems pretty clear that OpenAIs live demo of its real-life Her inspired AI assistant won the battle of hearts and minds this week and upstaged Google I/Os event.

The GPT-4o demos wow factor glitches and all showed confidence in the speedy multimodal product that Googles pre-recorded demos just didnt have, particularly after it fudged the Gemini “duck” demo last year.

In the future, when documentaries look back on 2024, theyll probably show a clip of GPT-4o as this years iPhone moment.

GPT-4o (o stands for Omni) also has the advantage of being available on desktop right now, and the new voice mode will be available for ChatGPT Plus users in the coming weeks. The model will soon be free to all as well.

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan