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Buy altcoins now, but sell before ‘mid-2025’: Charles Edwards, X Hall of Flame

Crypto analyst Charles Edwards believes we’ve entered “the 12-month window” to make altcoin profits: X Hall of Flame.

Crypto on-chain analyst Charles Edwards, the co-founder of the digital assets hedge fund Capriole Investments, believes now is the perfect time to get some allocation into altcoins.

But he says you probably shouldnt hold onto them for too long.

If this is a normal four-year cycle, which so far has been playing out like a textbook like the previous cycles, we can expect that Bitcoin will probably top either later this year or next year, the Australian-based crypto analyst tells Hall of Flame.

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Elon Musk, the world’s richest man, hits record $348B net worth

Hong Kong Bitcoin ETF launch in ‘top 20%’, STRK scam suspect busted: Asia Express

The Hong Kong Bitcoin ETF launch was in the top 20% of launches, and 77% of local crypto holders still plan to invest: Asia Express.

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

Six Hong Kong spot Bitcoin and Ether ETFs from three issuers have attracted a little over $200 million in assets under management (AUM) since their launch on April 30. This disappointed many whose expectations were set sky high due to the billions of dollars solicited by U.S. spot Bitcoin ETFs within one week of their debut in January. 

“We tried to warn everyone to lower expectations re HK,” commented Bloomberg senior ETF analyst Eric Balchunas.

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Elon Musk, the world’s richest man, hits record $348B net worth

Pickup artists using AI, deep fake nudes outlawed, Rabbit R1 fail: AI Eye

Deep fake nudes to be outlawed in UK and Australia, pick up artists fake big live stream audiences to meet women, plus more news: AI Eye.

A little over a year ago, a fake AI song featuring Drake and the Weeknd racked up 20 million views in two days before Universal memory-holed the track for copyright violation. The shoe was on the other foot this week, however, when lawyers for the estate of Tupac Shakur threatened Drake with a lawsuit over his “TaylorMade” diss track against Kendrick Lamar, which used AI-faked vocals to “feature” Tupac. Drake has since pulled the track down from his X profile, although its not hard to find if you look.

The governments of Australia and the United Kingdom have both announced plans to criminalize the creation of deep fake pornography without the consent of the people portrayed. AI Eye reported in December that a range of apps, including Reface, DeepNude and Nudeify, make the creation of deepfakes easy for anyone with a smartphone. Deep fake nude creation websites have been receiving tens of millions of hits each month, according to Graphika.

Baltimore police have arrested the former athletic director of Pikesville High School, Dazhon Darien, over allegations he used AI voice cloning software to create a fake racism storm (fakeism) in retaliation against the schools principal, who forced his resignation over the alleged theft of school funds.

Darien sent audio of the principal supposedly making racist comments about black and Jewish students to another teacher, who passed it on to students, the media and the NAACP. The principal was forced to step down amid the outcry, however forensic analysis showed the audio was fake and detectives arrested Darien at the airport as he was about to fly to Houston with a gun.

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Elon Musk, the world’s richest man, hits record $348B net worth

Web3 gaming won’t exist in 5 years, $656K for best crypto game pitch: Web3 Gamer

Crypto VCs reveal why last cycle’s games sucked, Mega Cricket League review, plus $656K up for grabs in crypto game Shark Tank: Web3 Gamer.

Ethereum scaling network Skale CEO Jack OHolleran is fairly confident that youre not going to hear about Web3 gaming at all within the next five years.

I feel very very strongly that the term Web3 gaming will no longer exist, he tells Web3 Gamer (a column that will therefore need to be renamed by 2029).

He doesn’t expect it to fail because of tech problems. Instead, he thinks it will be a victim of its own success.

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Elon Musk, the world’s richest man, hits record $348B net worth

Gordon Goner on his dramatic health battles and Bored Apes turning 3

The Bored Apes founder was diagnosed with a heart condition with a 50% fatality rate. But things are looking up for Wylie Aronow and BAYC.

Bored Ape co-founder Wylie Aronow also known as Gordon Goner online struggled through a decade afflicted by an autoimmune disease before recovering to launch the worlds hottest NFT project three years ago this week.

After hitting stratospheric heights of money and success, with BAYC being feted by major celebrities like Paris Hilton and Snoop Dogg, Aronow came crashing back to earth after being diagnosed with a heart failure condition in January 2023.

Being in your mid-30s and being told you have a condition that 50% of people pass away from within five years is hard to comprehend. Aronow has drawn upon his spirituality to help with the gravity of the situation he faces.

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Elon Musk, the world’s richest man, hits record $348B net worth

$6B scam accused in court, China loophole for Hong Kong Bitcoin ETFs: Asia Express

There’s only one way left for Chinese nationals to access the Hong Kong Bitcoin ETFs, $6B scam accused in court, and more: Asia Express.

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

Yadi Zhang, a Chinese national alleged to have scammed over 130,000 Mainland China investors out of 43 billion Chinese Yuan ($5.94 billion) and then laundered the proceeds using Bitcoin, has been apprehended by UK authorities. 

During her appearance at Westminster Magistrates Court on April 20, Zhang indicated through a translator that she intended to plead not guilty to two charges of criminal possession of cryptocurrency. She was remanded in custody.

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Elon Musk, the world’s richest man, hits record $348B net worth

China and the crypto ETFs, Thai NFT music fest, KuCoin’s 1.3M new bots: Asia Express

Can three Chinese asset managers unlock rivers of gold with new crypto ETFs in Hong Kong? Plus Thai NFT music fest, and more: Asia Express.

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

Hong Kong’s Securities & Futures Commission has approved spot Bitcoin and Ether ETFs.

But will they unlock a river of gold from Asian investors, or will they simply be a blip on the radar of the finance world?

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Elon Musk, the world’s richest man, hits record $348B net worth

Bitcoin Halving will pump games, Shrapnel’s ‘simple’ secret revealed: Web3 Gamer

The Bitcoin halving will be twice as good for blockchain games this cycle, Shrapnel’s secret revealed, Rumble Racing Star review: Web3 Gamer.

Joonmo Kwon, founder and CEO of Web3 gaming platform Delabs Games, predicts that this weeks Bitcoin halving will see funds pouring into the Web3 gaming industry.

The heightened market enthusiasm and increased capital inflows into the cryptocurrency space resulting from the halving event could translate into more significant funding and advancement for Web3 gaming initiatives, Kwon tells Web3 Gamer.

As altcoin market dominance and market capitalization climb, there is typically an increased interest and influx of capital into gaming tokens, he says.

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Elon Musk, the world’s richest man, hits record $348B net worth

Korean crypto firm raises $140M, China’s $1.4T AI sector, Huobi battle: Asia Express

Korean crypto firm pulls off the biggest raise in Asia this year, AI market in China is now worth $1.4T, and Huobi trademark court battle.

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

South Korean nonfungible tokens (NFT) developer Line Next secured a $140 million investment on December 13 from a consortium led by Peter-Thiel-backed private equity firm Crescendo Equity Partners. It’s the largest blockchain series funding round in Asia this year.

The firm’s NFT platform, dubbed “DOSI,” is scheduled to premiere in January 2024, integrated with Japanese NFT marketplace Line NFT.

“With this investment, Line Next also plans to introduce new services to further accelerate Web3 popularization. These include introducing a social app that allows users to communicate based on the characters they made utilizing AI technology and launching new Web3 games utilizing BROWN & FRIENDS characters that anyone can enjoy.”

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Elon Musk, the world’s richest man, hits record $348B net worth

J1mmy.eth once minted 420 Bored Apes… and had NFTs worth $150M: NFT Creator

NFT collector J1mmy.eth trades like Warren Buffett, his collection peaked at $150 million, and he once minted 420 Bored Apes with Pranksy.

When the history books are written, and the documentaries are made on the formative days of NFTs, Jimmy McNelis, aka j1mmy.eth, will hold a special place in history as a creator, as a passionate advocate, and for having one of the greatest NFT collections of all time. 

An NFT OG who started his journey on Dec. 5, 2017, when he purchased his first CryptoKitty, the 45-year-old American is also the founder of Avastars, an early PFP project from February 2020 that set the scene for intellectual property (IP) rights being given to holders. 

That was popularized by Bored Ape Yacht Club and the 2021 PFP mania that saw IP rights for holders becoming the standard for most projects. Avastars was also a pioneer in putting the project on-chain, inspired by Autoglyphs, which minted 10 months earlier. 

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Elon Musk, the world’s richest man, hits record $348B net worth