LensLinks: Issue 154

Previewing Congress's Joint Crypto Regulation Hearing, brought to you by Regiment LLC

Author

Len Pacek
May 11, 2023

Today in LensLinks:

  • Epic Games CEO Laughs Off 'Death' Of Metaverse, Says 600 Million To Attend Its 'Wake'

  • Previewing Congress's Joint Crypto Regulation Hearing

  • Meet Firmseed: The DeFi disruptors breaking down the walls between real estate and blockchain

  • Bitcoin trading up 80% at DBS Bank due to crypto crashes in 2022, says exec

  • Roblox Users Surge 22% to New Peak Despite Fading Metaverse Hype - Decrypt

  • Bitcoin Forks Rally As Fees Spike On World’s Most Valuable Blockchain

  • Cardano Launches New Era Enabling Users to Bank with cBTC

  • Market Makers Jane Street, Jump Retreating From U.S. Crypto Trading

  • Biden’s $18B Crypto Tax Tweet Puzzles Industry

  • The Singularity: Early MIT research shows 'Industrial Revolution-level large' leap for workers using ChatGPT, generative AI

  • And Much, Much, More…

#regimentco #metaverse #bitcoin #singularity

QUOTABLE

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“Chair Gary Gensler of the SEC says most tokens are securities and the problem is a lack of compliance with existing legal requirements. Industry participants complain about a lack of clarity in the rules for resolving this issue and have called for regulators to create a new set of rules specifically for crypto. Meanwhile trading and lending platforms claim they are only dealing in tokens that are not securities – thereby avoiding direct federal oversight. As a result, investor protection on crypto trading and lending platforms is woefully inadequate.”

Timothy Massad - Harvard Research Fellow and former Commodity Futures Trading Commission Chair

NOTABLE - former Commodity Futures Trading Commission Chair and current Harvard Research Fellow

Previewing Congress's Joint Crypto Regulation Hearing

Congress is holding the first of several planned joint hearings on crypto legislation.

www.coindesk.com/policy/2023/05/09/previewing-congresss-joint-crypto-regulation-hearing

Metaverse & Gaming

Epic Games CEO Laughs Off 'Death' Of Metaverse, Says 600 Million To Attend Its 'Wake'

Video gaming industry giant Tim Sweeney, CEO of Epic Games, doesn't hold back in mocking the claim that the metaverse has become extinct.

bitcoinist.com/epic-games-ceo-laughs-off-death-of-metaverse

Blockchain, Tokens & DeFi

Meet Firmseed: The DeFi disruptors breaking down the walls between real estate and blockchain | Finbold

One of Defi’s most attractive properties is its potential to level the playing field for investors, and there’s no field … Continued

finbold.com/meet-firmseed-the-defi-disruptors-breaking-down-the-walls-between-real-estate-and-blockchain

Crypto Trading

Bitcoin trading up 80% at DBS Bank due to crypto crashes in 2022, says exec

Singapore state-owned DBS Bank posted an 80% increase in Bitcoin trading volumes in the aftermath of crypto exchanges’ collapses in 2022, DBS Digital Exchange CEO said.

cointelegraph.com/news/bitcoin-trading-up-80-at-dbs-bank-due-to-crypto-crashes-in-2022-says-exec

Metaverse & Gaming - a little more…

Roblox Users Surge 22% to New Peak Despite Fading Metaverse Hype - Decrypt

Roblox saw over $655 million in quarterly revenue and hit a new all-time high in daily active users—but also faced sharp losses.

decrypt.co/139606/roblox-users-surge-22-to-new-peak-despite-fading-metaverse-hype

Meta Shares New Insights into the Projected Economic Impacts of the Metaverse

A new report highlights the potential of the metaverse - though, it’s important to note what the metaverse truly is.

www.socialmediatoday.com/news/meta-shares-new-insights-into-the-projected-economic-impacts-of-the-metaver/649871

Blockchain, Tokens & DeFi - a little more…

Bitcoin News: BTC faces major selloff from whales, RenQ Finance (RENQ) gets closer to launch, Final Presale stage 85% Soldout | Bitcoinist.com

Bitcoin (BTC), the world's largest digital currency by market capitalization, has recently been under pressure as some major investors, known as whales, have

bitcoinist.com/bitcoin-news-btc-faces-major-selloff-from-whales-renq-finance-renq-gets-closer-to-launch-final-presale-stage-85-soldout

Bitcoin Forks Rally As Fees Spike On World’s Most Valuable Blockchain

Ordinals and BRC-20 Tokens Push Unconfirmed Transactions To All-time High

thedefiant.io/bitcoin-forks-rally-as-fees-spike-on-world-s-most-valuable-blockchain

Cardano Launches New Era Enabling Users to Bank with cBTC

A new era is unlocked in the Cardano ecosystem as AnetaBTC announces that wrapped Bitcoin, cBTC, gets new capabilities.

www.crypto-news-flash.com/cardano-launches-new-era-enabling-users-to-bank-conduct-everyday-transactions-take-out-loans-and-trade-on-dexes-with-bitcoin-on-the-ada-blockchain

Crypto Trading - a little more…

Market Makers Jane Street, Jump Retreating From U.S. Crypto Trading: Bloomberg

The move comes as U.S. regulatory scrutiny of the crypto industry has intensified, Bloomberg reported.

www.coindesk.com/business/2023/05/09/market-maker-jane-street-jump-retreating-from-us-crypto-trading-bloomberg

Crypto Exchange Binance Trading Volume Fell Almost 50% in April

Even so, it remains the dominant centralized exchange in the industry.

www.coindesk.com/markets/2023/05/10/crypto-exchange-binance-trading-volume-fell-almost-50-in-april

Biden’s $18B Crypto Tax Tweet Puzzles Industry

Joe Biden says crypto tax loopholes cost the government $18 billion. But where does that number come from?

blockworks.co/news/biden-tax-tweet-puzzles-industry

The Singularity:
AI, Quantum Computing, Robotics, Bio-engineering & Other Stuff on the way

Early MIT research shows 'Industrial Revolution-level large' leap for workers using ChatGPT, generative AI

New MIT research shows ChatGPT creating gains at work that rival the Industrial Revolution and steam engine, says CEO of Google-linked AI startup Cohere.

www.cnbc.com/2023/05/10/mit-data-show-industrial-revolution-level-leap-for-workers-using-ai.html

Mass event will let hackers test limits of AI technology

No sooner did ChatGPT get unleashed than hackers started “jailbreaking” the artificial intelligence chatbot – trying to override its safeguards so it could blurt out something unhinged or obscene

abcnews.go.com/Technology/wireStory/hackers-aim-find-flaws-ai-white-house-99219240

Deloitte BrandVoice: AI And The Future Of Government

Increasingly, artificial intelligence (AI) technologies are being floated as a key enabler for these models.

www.forbes.com/sites/deloitte/2023/05/10/ai-and-the-future-of-government/?sh=32c960363c64

ESG (Environmental, Social & Governance)

ESG concerns are growing as artificial intelligence becomes more popular. What investors need to know

As more companies across different sectors implement AI technologies, some investors are calling for more awareness and consideration of their impact on ESG.

www.cnbc.com/2023/05/10/esg-concerns-are-growing-as-ai-becomes-more-popular-what-investors-need-to-know.html

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.