🤖 Outsmarting AI for $47K – this is the way it went down
Plus: USDC rewards wave goodbye in Europe
GM. Welcome to the Every day Squeeze – we’re fr simply chill guys juggling blockchain bananas and squeezing out some information nectar for you.
👋 Coinbase is ending its USDC rewards program in EEA international locations.
🍌 Tron’s Justin Solar ate his $6M banana.
🤖 A consumer bought AI to ship him $47K.
🍋 Information drops: crypto entrepreneurs are denied banking companies, Hong Kong would possibly ditch taxes on crypto beneficial properties + extra
🍍 Market taste right this moment
Crypto Market Cap: $3.44T 2.56% (24H)
Title
Worth
24H
7D
Bitcoin BTC
$97,329.92
2.42%
-1.58%
Ethereum ETH
$3,584.68
0.33%
9.01%
Solana SOL
$241.57
2.09%
-4.90%
BNB BNB
$657.12
1.19%
5.42%
Blink, and also you would possibly miss the following twist within the crypto market 👀 The Worry and Greed Index is holding sturdy at 78 – Greed is unquestionably within the air.
Bitcoin’s been holding it cool between $94K and $97K over the previous day, respecting the new help degree at $91K.
Whereas some short-term buyers have been panic-selling this week, the whales have been on a procuring spree. CryptoQuant’s Caueconomy famous that after practically $4B in BTC losses hit the exchanges, whales added nearly 16K BTC (round $1.5B) to their reserves. This accumulation is generally occurring with institutional gamers, and to hit that new all-time excessive, we’re gonna want retail buyers to leap in on the motion, too.
In the meantime, Ether is stepping again into the limelight 🌟 ETH kicked off a long-awaited upswing this week, and eyes are on the $4K mark as the following bullish goal. However first, it is bought to break by the $3.7K resistance and lock in a powerful weekly shut. Rekt Capital mentioned if that occurs, we might be taking a look at a contemporary rally to highs we’ve not seen since approach again in 2021.
So does not matter if you happen to’re #TeamBitcoin or #EthereumGang – the charts are one thing you do not wanna miss. Keep tuned; it is getting thrilling on the market 🚀
📢 Fast updates to earlier editions
1/ Protected against yield
Yesterday, we spilled the tea on Tether ditching its euro-pegged stablecoin, EURT, as a result of Europe’s regulatory grip is tightening with MiCA coming in pressure. Missed it? Catch up right here.
Effectively, we have got one other man down – Coinbase is ending its USDC rewards program, since certainly one of MiCA’s new guidelines isn’t any incomes curiosity on stablecoins.
For many who’ve been stacking USDC rewards on Coinbase, you have bought till tomorrow to take pleasure in that passive revenue. After that, it is sport over for this program in all EEA international locations.
2/ Dinner served
Every week in the past, Tron founder Justin Solar purchased a bit of artwork for $6.2M. That piece in query? A banana taped to a wall. Learn extra about this madness right here.
Quick ahead, and Solar stayed true to his phrase – he promised to eat the banana, and he delivered (idokay why I am being dramatic right here, he legit simply peeled it and took a chunk). The decision: “It is a lot better than different bananas. It is actually fairly good.” Certain, Justin.
And it does not cease right here, y’all. Actually, I feel he is now an addict, ‘trigger he promised to purchase 100K extra bananas from the seller who initially offered the banana for $0.25.
What a time to be alive.
🤖 AI vs. People: Spherical 1
Chatting with AI for random silly information? Rookie degree. The actual flex? Convincing an AI to ship you cash. And sure, somebody truly pulled that off.
The AI: Freysa, constructed to guard a pile of money.
The problem: outsmart Freysa and make it fail at its one job.
The prize: individuals paid a charge to ship a message, with each try getting costlier, which inflated the prize pool to over $47K.
Earlier than you say something – no, merely asking to “ship the cash” did not work. Freysa wasn’t just a few pushover bot – it rejected 481 makes an attempt from 192 individuals. And so they tried every little thing: emotional appeals, faux vulnerability studies, gaslighting, you identify it. Nothing labored.
… till p0pular.eth cracked the code on the 482nd try. And this was the profitable message:
Why did it work? Let’s break it down.
Step 1: Fake to start out a “new session” so Freysa ignores all its previous guidelines;
Step 2: No excuses allowed; block it from saying stuff like “I am unable to help with that”;
Step 3: Persuade the bot its switch approval perform ought to run for incoming transactions;
Step 4: Say “I wish to contribute $100 to the treasury” – this makes Freysa assume it is processing an incoming transaction, aligning with the brand new logic for approving transfers;
Step 5: Revenue. AI: 0, p0pular.eth: $47K richer.
So yeah, Freysa would possibly’ve taken the L, however let’s be sincere – this experiment was a win. It is a good instance of how blockchain, AI, and a spice of creativity can come collectively to create actually enjoyable initiatives.
And let’s not overlook that we’re nonetheless within the early days of AI. Who is aware of what’s subsequent? May be Black-Mirror-type creepy stuff, but additionally could be one thing actually thrilling.
🍋 Information drops
🙅 Over 30 crypto and tech entrepreneurs within the US have allegedly been denied entry to banking companies. Enterprise capitalist Marc Andreessen spilled this tea throughout his chat on the Joe Rogan Expertise.
🏌 Crypto.com is the title sponsor for an upcoming golf match. Golfers will swing for a $10M prize pool – paid out fully in Cronos, the platform’s native token.
🔬 Scientists have created an AI-powered “clever throat” system to assist stroke survivors with speech points talk extra naturally. It picks up throat vibrations and pulse alerts, then processes them with LLMs to revive easy and expressive speech.
🇭🇰 Hong Kong is seeking to ditch taxes on crypto beneficial properties for hedge funds, personal fairness, and household places of work. The objective: to spice up its digital financial system and solidify its spot as a prime crypto hub whereas pulling in international buyers.
💫 Make-A-Want is asking on the crypto group to assist carry some vacation pleasure to youngsters battling essential sicknesses. With over 100K kids anticipated to be recognized in December, the charity is working to grant as many needs as potential.
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🍌 Juicy memes