LensLinks: Issue 249

$27M Crypto Loss Reveals Toxic Mix of Money-Hungry Traders and DAO Idealists, brought to you by Regiment LLC

Author

Len Pacek
October 11, 2023

Today in LensLinks:

  • A $27M Crypto Loss Reveals a Toxic Mix of Money-Hungry Traders and DAO Idealists

  • A Game on Solana Is Having More Daily Transactions Than All of Polygon - CryptoSaurus

  • What is driving the price of Ethereum? Bullish and Bearish Factors for Q4

  • Bitcoin Prices Face ‘Severe Resistance'

  • Epic Games CEO Is Optimistic In Their Metaverse Ventures

  • Navigating the Web3 Landscape: Simplify Tech and Improving Adoption Rate | Entrepreneur

  • Chinese government-owned newspaper to launch NFT platform

  • Astrology NFT project Lucky Star Currency rugged for over $1M — CertiK

  • Trader Joe’s grocery chain sues DEX of the same name

  • Singularity: AI designs AIs; AI trains robots; Stop Messing with Killer Robots

  • And Much, Much, More…

#regimentco #

QUOTABLE

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“The idea is that – instead of our avatars being cartoony, and instead of actually transmitting a video – we’ve scanned ourselves and a lot of different expressions. We’ve built a computer model of each of our faces and bodies and the different expressions that we make.

- Mark Zuckerberg, Meta

NOTABLE

A $27M Crypto Loss Reveals a Toxic Mix of Money-Hungry Traders and DAO Idealists

It wasn't only the $90,000 spent on naming rights for a rare Ecuadorian frog species that turned off members of this decentralized blockchain-powered community project; some savvy arbitrageurs just wanted their share of the project's treasury.

www.coindesk.com/business/2023/09/21/nouns-daos-27m-revolt-reveals-toxic-mix-of-money-hungry-traders-and-blockchain-idealists

Metaverse & Gaming

A Game on Solana Is Having More Daily Transactions Than All of Polygon - CryptoSaurus

SAGE Labs, the sci-fi gaming experience on Solana from the Star Atlas team, recorded more than 2.29 million transactions on Sunday, surpassing the Polygon network total by approximately 256,000 transactions.

cryptosaurus.tech/a-game-on-solana-is-having-more-daily-transactions-than-all-of-polygon

Blockchain, Tokens & DeFi

What is driving the price of Ethereum? Bullish and Bearish Factors for Q4

The price of Ethereum continues to range, with no clear momentum in either direction. What are the possible bullish and bearish factors likely to impact ETH’s performance in Q4, 2023?

bravenewcoin.com/insights/what-is-driving-the-price-of-ethereum-bullish-and-bearish-factors-for-q4

Crypto Trading

Bitcoin Prices Face ‘Severe Resistance'

Bitcoin and other cryptocurrencies were little changed as tokens swung alongside wider moves in risk-sensitive assets.

www.barrons.com/articles/bitcoin-ethereum-price-crypto-markets-today-55f929ff

Metaverse & Gaming - a little more…

Epic Games CEO Is Optimistic In Their Metaverse Ventures

Despite recent layoffs and criticism on Epic Games, Tim Sweeney's unwavering belief in the future of metaverse is evident.

blockzeit.com/epic-games-ceo-tim-sweeney-is-optimistic-in-their-metaverse-ventures

Navigating the Web3 Landscape: Simplify Tech and Improving Adoption Rate | Entrepreneur

The panellists discuss what is the future of Web3 adoption, especially of blockchain, in India. One can say that among all the technologies, artificial intelligence has been far ahead of its contemporary technologies. However, blockchain is not lagging far behind.

www.entrepreneur.com/en-in/technology/navigating-the-web3-landscape-simplify-tech-and-improving/463395

Meta shows off metaverse facial scans - GameDaily.biz | We Make Games Our Business

Mark Zuckerberg's big gamble on the metaverse incorporates scanned and detailed versions of our actual selves.

www.gamedaily.biz/meta-shows-off-metaverse-facial-scans

Blockchain, Tokens & DeFi - a little more…

Chinese government-owned newspaper to launch NFT platform

China Daily is an English-language newspaper owned by the Chinese Government.

cointelegraph.com/news/chinese-government-newspaper-launch-nft-platform

Astrology NFT project Lucky Star Currency rugged for over $1M — CertiK

LSC is an NFT marketplace and DeFi project promoted on Toutiao news app and Zhihu Q&A platform

cointelegraph.com/news/astrology-nft-project-web3-lucky-star-currency-rugged-1m-certik

StakeDAO (STD)

StakeDAO is an all-encompassing asset management protocol crafted atop the Ethereum blockchain. Learn more with Techopedia.

www.techopedia.com/definition/stakedao-std

Crypto Trading - a little more…

Trader Joe’s grocery chain sues DEX of the same name

Trader Joe’s claimed the crypto platform benefits commercially from the well-known supermarket brand and reputation due to similar branding.

blockworks.co/news/trader-joes-grocery-chain-sues-dex-of-the-same-name

Ethereum-Based Altcoin Explodes 40% in 24 Hours As Crypto Whale Rapidly Accumulates: On-Chain Data - The Daily Hodl

One altcoin project soared over a 24-hour period as a crypto whale accumulated a massive amount of its tokens, according to on-chain data.

dailyhodl.com/2023/10/10/ethereum-based-altcoin-explodes-40-in-24-hours-as-crypto-whale-rapidly-accumulates-on-chain-data

Ethereum Foundation Trades 1,700 ETH for $2.76 Million in USDC – Bitcoin News

Blockchain sleuths spotted the Ethereum Foundation trading 1,700 ETH for a hefty $2.76 million in USDC stablecoins.

news.bitcoin.com/ethereum-foundation-trades-1700-eth-for-2-76-million-in-usdc

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

AI was told to design a robot that could walk. Within seconds, it generated a 'small, squishy, and misshapen' thing that spasms.

The researchers weren't quite sure why the AI had chosen this peculiar shape for the robot, which is filled with holes.

www.yahoo.com/news/ai-told-design-robot-could-025314211.html

Google DeepMind Creates AI System to Train General-Purpose Robots

The system, created alongside 33 other research institutions, is designed to be a holistic training platform across robot models

www.iotworldtoday.com/robotics/google-deepmind-creates-ai-system-to-train-general-purpose-robots

Godfather of Artificial Intelligence Warns Humans To Stop Messing With Killer Robots

The godfather of artificial intelligence Charles Hinton says that robots will eventually be smarter than humans and we need to be cautious.

www.outkick.com/godfather-of-artificial-intelligence-warns-humans-to-stop-messing-with-killer-robots

ESG (Environmental, Social & Governance)

Does Bitcoin or Crypto Mining Still Pay Off?

Cryptocurrency mining, particularly Bitcoin mining, has long piqued the interest and investment of many…

www.financemagnates.com/cryptocurrency/does-bitcoin-or-crypto-mining-still-pay-off

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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.