LensLinks Issue 355

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Is Sam Bankman-Fried still gambling?

Today in LensLinks:

• Sam Bankman-Fried is still gambling

• Larry Summers, now an OpenAI board member, thinks AI could replace ‘almost all' forms of labor.

• SEC scores big win in lawsuit against crypto exchange Coinbase

• Michael Saylor Makes Big Bitcoin Statement as Market Uncertainty Looms

• How an Indonesian student turned the ‘stupidest idea’ into NFT and memecoin millions

• First Human Patient to Receive a Neuralink Brain Implant Used it to Stay Up All Night Playing Civilization 6

• Telegram Mini Apps are ‘Trojan horse’ for mass blockchain adoption — TON investments director

• Crypto traders bet $2.4M on spot Ether ETF decision

• MicroStrategy is trading at an ‘unjustifiable premium’ to Bitcoin: Analyst

• And Much, Much, More…

#regimentco #

QUOTABLE

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“If one takes a view over the next generation, (AI) could be the biggest thing that has happened in economic history since the Industrial Revolution. This offers the prospect of not replacing some forms of human labor, but almost all forms of human labor.”

- Former Treasury Secretary Larry Summers

NOTABLE

Sam Bankman-Fried is still gambling

One of the key skills in gambling is knowing when to cut your losses.

www.theverge.com/2024/3/29/24114864/sam-bankman-fried-trial-sentencing-lessons-ftx

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

Larry Summers, now an OpenAI board member, thinks AI could replace ‘almost all' forms of labor.

Just don’t expect a 'productivity miracle' anytime soon.

fortune.com/asia/2024/03/28/larry-summers-treasury-secretary-openai-board-member-ai-replace-forms-labor-productivity-miracle

Blockchain, Tokens & DeFi

SEC scores big win in lawsuit against crypto exchange Coinbase

The ruling in favor of the SEC comes as Coinbase has become a go-to partner for big Wall Street asset managers looking to offer cryptocurrency trading options.

www.cnbc.com/2024/03/27/sec-scores-big-win-in-lawsuit-against-crypto-exchange-coinbase.html#:~:text=The%20Securities%20and%20Exchange%20Commission,by%20a%20jury%20at%20trial.

Crypto Trading

Michael Saylor Makes Big Bitcoin Statement as Market Uncertainty Looms

MicroStrategy Chairman Michael Saylor makes profound Bitcoin statement…

u.today/michael-saylor-makes-big-bitcoin-statement-as-market-uncertainty-looms

VR, AR, Spatial Computing, Metaverse & Gaming

How an Indonesian student turned the ‘stupidest idea’ into NFT and memecoin millions

In this week's Asia Dispatch, a memecoin rainmaker and HSBC's gold tokenisation play.

www.dlnews.com/articles/web3/how-an-indonesian-student-turned-the-stupidest-idea-into-nft-and-memecoin-millions/#:~:text=Sultan%20Gustaf%20Al%20Ghozali%20took,retail%20investors%20in%20Hong%20Kong.

The Singularity - a little more…

First Human Patient to Receive a Neuralink Brain Implant Used it to Stay Up All Night Playing Civilization 6 - IGN

The first human recipient of a Neuralink brain implant has shared new details on his recovery and experience of living with the experimental assistive tech.

www.ign.com/articles/first-human-patient-to-receive-a-neuralink-brain-implant-used-it-to-stay-up-all-night-playing-civilization-6

Bipedal robot takes a beating, keeps on hiking

LimX Dynamics’s bipedal robot, P1, can keep its footing, even when traversing rough terrain unlike any it’s seen before.

www.freethink.com/robots-ai/bipedal-robot-limx

AI Is Coming? No, It’s Already Here.

2023 will go down as the year when Artificial Intelligence (AI) became omnipresent in the lexicon of society.

www.forbes.com/sites/seanhanlon-1/2024/03/28/ai-is-coming-no-its-already-here/?sh=2fcfd9bdd666

Blockchain, Tokens & DeFi - a little more…

BlackRock Bets Big on Real-World Assets: Tokens to Watch

BlackRock's RWA tokenization venture on Ethereum aims to unlock a $16 trillion market, democratizing investment and boosting liquidity.

beincrypto.com/blackrock-real-world-assets-rwa-tokens

Telegram Mini Apps are ‘Trojan horse’ for mass blockchain adoption — TON investments director

Onboarding the next 500 million users will require simple apps with “actual usability,” TON’s Hyun told Cointelegraph.

cointelegraph.com/news/telegram-mini-apps-trojan-horse-mass-blockchain-adoption

Crypto Trading - a little more…

Crypto traders bet $2.4M on spot Ether ETF decision

In January, at least $12 million in bets were placed over the spot Bitcoin ETF approval results.

cointelegraph.com/news/spot-ether-etf-approval-gambling-traders-bet-2-million

The Role of Blockchain in Finance: Expert’s Advice for 2024 and Beyond

Over the years, the rise of blockchain and its penetration into the financial sector has created convenience.

www.financemagnates.com/cryptocurrency/blockchain-technology-disrupts-the-financial-sector-insights-into-2024-trends

MicroStrategy is trading at an ‘unjustifiable premium’ to Bitcoin: Analyst

In a recent report, investment firm Kerrisdale Capital stated that it has taken a short position on MicroStrategy while remaining bullish on Bitcoin in the long haul.

cointelegraph.com/news/microstrategy-michael-saylor-trading-at-premium-bitcoin-kerrisdale-capital

ESG (Environmental, Social & Governance)

Sam Bankman-Fried’s sentence is a warning to crypto 

Sending the one-time wunderkind to jail for 25 years and stripping him of US$11 billion should act as powerful deterrent in a business still badly in need of cleaning up...

www.businesstimes.com.sg/opinion-features/sam-bankman-fried-s-sentence-warning-crypto

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.

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