Incoming SEC Shakeup - Is Your Portfolio at Risk?
Yesterday’s Market Moves
BTC
ETH
S&P
$20821 |
+ 14,84%
$1528 |
+ 9,25%
$3,928 |
- 0,09%

Hello, Rebel!

Top of the day to you, and thank you for always checking in. We love that you love reading these weekly digests and we’re happy to be at your service.

To ensure that you do not fall down the crypto news rabbit hole, we are bringing you the burning stories in today’s digest. Check them out;

Let’s get the details.

Read the full issue to find out
MARKETS

                                                    7-Day Market Moves

The market is one notch down from its most recent all-time high, no thanks to FUD being fuelled by the ongoing regulatory crackdown by the SEC. In the past 7 days, BTC posted a loss of 1.84%, while ETH scooped an 8% hike caused by the Shapella upgrade.

It’s not all clear yet. The market is still wobbly as later today, SEC Chair, Gary Gensler will speak before Congress on his approach to regulating digital assets.

In Other News,
No items found.
COIN WATCH

Listings

Binance will delist $QLC, $DEBL and $AUTO today. Here’s the official announcement.

Ongoing ICO

Upcoming ICO

In Other News,
No items found.
AI

Elon Musk Joins The AI Race

TL: DR

  • Elon Musk is developing a ChatGPT rival called "TruthGPT," a maximum truth-seeking AI that aims to understand the universe and push back against left-wing bias in the industry.
  • Musk believes that ChatGPT is programmed by left-wing experts, which train the chatbots to lie, and that it could be programmed to lie for political effect.

Just a few months after fiddling with his $43B purchase, Elon seems bored and has moved on to the next best thing. Musk has announced that he is developing a new large language model (LLM) called "TruthGPT" that will explore the mysteries of the universe and push back against perceived left-wing bias in the industry.

Musk also addressed concerns over his entry into the crowded LLM market, stating that an AI that cares about understanding the universe, and is unlikely to pose a threat to humans.

“I think this might be the best path to safety in the sense that an AI that cares about understanding the universe is unlikely to annihilate humans because we are an interesting part of the universe."

He is walking the talk with the purchase of a reported 10,000 GPUs. This move comes just weeks after signing a petition calling for a pause on related research in order to evaluate safety concerns.

In other news,

  • Crypto takes a back seat as VC investments in AI grow. Read more.
  • EU Lawmakers clamour for 'human-centric, safe and trustworthy' AI development. Read more.
  • Google’s CEO is optimistic about the AI revolution.  Read more.
In Other News,
No items found.
NFT

Just Drop It - Nike’s Latest NFT Drop on .Swoosh

TL: DR

  • Nike is launching its first NFT drop on its .Swoosh Web3 community platform.
  • The collection, Our Force 1 (OF1), consists of Polygon virtual sneaker NFTs that pay tribute to the iconic Nike Air Force 1 sneaker.
  • Two types of virtual sneaker boxes will be available as part of the drop: Classic Remix and New Wave.
  • All virtual sneaker boxes will cost $19.82 USD, and there is no set limit on the number of Our Force 1 NFTs that will be available to mint.

Nike is launching its first NFT drop on its .Swoosh Web3 community platform. The drop will feature virtual sneaker NFTs designed to pay tribute to the iconic Nike Air Force 1 sneaker.

The collection, Our Force 1 (OF1), will consist of Polygon virtual sneaker NFTs and will be available for purchase by the .Swoosh community.

The virtual sneaker boxes will cost $19.82 USD, and there does not appear to be a set limit on the number of OF1 NFTs that will be available to mint. Nike is taking a more egalitarian approach to prioritize community participation in .Swoosh, as opposed to generating quick returns in NFT revenue.

In other news,

  • Your order is ready - Starbucks is set for its next NFT launch. Read more.
  • Plagiarism or Inspiration - This new  Outlaws NFT collection is eerily similar to Jeremy Booth. Read more.
  • It looks like NFTs, but they are not NFT - Robolox launches rare, resellable digital items. Read more.
  • The Smurfs make their way into Web3. Read more.
In Other News,
No items found.
FEATURED

RBL Labs Set to Launch a New Mystical Quest Game - I Know This Place

RBL Labs has announced the launch of their second game, "I Know This Place" (IKTP), a community-driven quest game that leverages blockchain technology.

IKTP takes players on a mystical journey set in a fictional dystopian city, reminiscent of the nostalgic backdrop of 80-90s Eastern Europe. The game's story unfolds as players explore old courtyards and apartments, solving riddles and completing quests through the eyes of the enigmatic main character. As players progress through the game, they will encounter various challenges and peculiar characters, all while uncovering the deeper narrative of IKTP.

Players can vote on the game's direction and influence its development through the Decentralized Autonomous Organization (DAO). The $LOCG token is integrated into the game, increasing its utility and strengthening its connection to the gaming ecosystem. IKTP bridges the gap between traditional gaming models and the decentralized world of Web3, paving the way for a more immersive and rewarding gaming experience.

ADD TO STEAM WISH LIST

In Other News,
No items found.
DEFI

Lending Protocol Hundred Finance Loses $7M in Fresh DeFi Exploit

TL: DR

  • Hundred Finance has reported a $7.4M loss in a flash loan exploit.
  • It is the second attack following a previous $6M hack
  • The protocol has promised to shed light on the attack, and steps in place to prevent a future occurrence.

Hundred Finance, a multichain lending protocol, has suffered a security breach on the Ethereum layer-2 blockchain Optimism, resulting in losses of $7.4 million. The attack was a flash loan attack, with the hacker manipulating the exchange rate between ERC-20 tokens and hTOKENS.

This is the second attack on Hundred Finance, with the previous attack resulting in a loss of $6 million. This incident highlights the ongoing security concerns surrounding decentralized finance (DeFi) protocols, particularly those built on Ethereum.

Hundred Finance has stated that it will release a postmortem report on the incident, which may shed more light on the details of the attack and the measures that the protocol will take to prevent similar incidents in the future.

In other news,

  • Polygon Labs writes to EU authorities, proposes better DeFi regulation. Read more.
In Other News,
No items found.
Quiz Answer
Read more like this
SAP’s Huge Crypto Experiment
Published:
Friday
,
27
/
06
/
3023
Read More
FTX $34M Crypto Bag and Vitalik’s Security Fumble
Published:
Friday
,
12
/
09
/
2023
Read More
Binance Loses Another Executive
Published:
Friday
,
05
/
09
/
2023
Read More
SAP’s Huge Crypto Experiment
Published:
Friday
,
27
/
06
/
3023
Read More
FTX $34M Crypto Bag and Vitalik’s Security Fumble
Published:
Friday
,
12
/
09
/
2023
Read More
SAP’s Huge Crypto Experiment
Published:
Friday
,
27
/
06
/
3023
Read More
FTX $34M Crypto Bag and Vitalik’s Security Fumble
Published:
Friday
,
12
/
09
/
2023
Read More
Binance Loses Another Executive
Published:
Friday
,
05
/
09
/
2023
Read More