Musk promises ban on Apple, Greenpeace calls for Bitcoin’s PoS, and other news: Hodler’s Digest, June 9-15

CoinMarketCap06-16

Top Stories This Week Elon Musk to ban Apple devices if OpenAI is integrated with OS Elon Musk has threatened to ban Apple devices within his companies if Apple integrates OpenAIs ChatGPT into its ...

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He views such an integration as a significant security concern. This issue arose as Apple disclosed during the Worldwide Developers Conference that its upcoming software update will include new AI features, notably allowing Siri to utilize ChatGPT to answer user queries. Musk criticized Apple for potentially compromising user privacy and not developing their own AI solutions.\nWall Street must be accountable for Bitcoin mining emissions Greenpeace\nGreenpeace has been actively campaigning to change Bitcoins proof-of-work consensus model to a more environmentally friendly proof-of-stake model. Their campaign, Change the Code, Not the Climate, argues that Bitcoins current energy consumption, largely fueled by non-renewable sources, significantly contributes to environmental degradation. The campaign has drawn attention by urging popular figures in the crypto space to support a shift to more energy-efficient blockchain operations.\nTerraform to pay $4.47B to resolve SEC civil lawsuit\nTerraform Labs has agreed to pay the United States Securities and Exchange Commission roughly $4.47 billion as part of its settlement with the securities regulator. The agency, however, has to queue up behind secured creditors to receive a payment, if any. In January, when the firm filed for bankruptcy, Terraform had assets worth $430.1 million against liabilities worth $450.9 million. The settlement received court approval on June 13.\n\n\nRoaring Kitty buys another 4M GME stocks, birthing conspiracy theory\nKeith Gill, also known as Roaring Kitty, has significantly increased his investment in GameStop (GME), purchasing an additional 4 million shares. The latest acquisition brings his total holdings to over 9 million shares, valued at approximately $262 million as of June 14. Within the trading community, Gills increased holdings have sparked discussions about joining GameStops board of directors, as he now ranks as the fourth-largest shareholder. Some traders are speculating that his potential board membership could drive the stocks price to $200. In another headline, Citron Research, one of the most prominent GameStop short sellers, is no longer short on GME stock, citing the markets irrationality and cult-like shareholder behavior.\nMay institutional investments hit $1B driven by Ethereum KuCoin\nKuCoin Research reported that the crypto sector received over $1 billion in investments in May, marking a slight reduction from April but a 10.61% increase from May of the previous year. The total investment disclosed for May was $1.02 billion across 156 transactions. Despite general popularity among institutional investors for Ethereum, EVM-compatible chains, and layer-2 network projects, non-EVM chains like Bitcoin, Solana, Fantom, and TON also ranked among the top 15 networks favored by investors during the month.\n\n\nWinners and Losers\nAt the end of the week, Bitcoin (BTC) is at $66,483, Ether (ETH) at $3,464 and XRP at $0.47. The total market cap is at $2.42 trillion, according to CoinMarketCap.\nAmong the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Monero (XMR) at 6.46%, Toncoin (TON) at 4.90% and Oasis (ROSE) at 3.78%. \nThe top three altcoin losers of the week are Wormhole (W) at -35.63%, FLOKI (FLOKI) at -32.97% and Arweave (AR) at -29.82%.For more info on crypto prices, make sure to read Cointelegraphs market analysis.\n\n\nMost Memorable Quotations\n\nIf Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies. That is an unacceptable security violation.\n\nElon Musk, investor and entrepreneur\n\nIts all about investing in technology that helps with disintermediation with traditional finance. Less reliance on the Big Tech companies like Google, Amazon and Microsoft.\n\nPaolo Ardoino, CEO of Tether\n\nWe want blockchain to be everywhere, […] and DePIN can really make that happen.\n\nMarkus Levin, head of operations at XY Labs\n\nYou know Dogwifhat, the first time you see it, you just laugh, now its worth $3 billion.\n\nMichael Novogratz, CEO of Galaxy Digital\n\nBlockchain is an open book for anyone willing to read it. Were still at the beginning of this story, so theres plenty of room for anyone with innovative ideas that they want to bring to fruition.\n\nBeniamin Mincu, CEO of MultiversX\n\nI think that we may see massively superhuman superintelligence within just a few years.\n\nBen Goertzel, founder and CEO of SingularityNET\nPrediction of the week\nTraders: Bitcoin price needs fresh all-time highs to end pump-and-dump cycles\nBitcoin (BTC) bears have been selling on every rally over the last few months, and analysts believe that a liquidity boost fueled by BTCs fresh all-time highs will help break the cycle.\nMarket is in need of a big liquidity boost, pseudonymous crypto trader Daan Crypto Trades wrote in a June 13 post on the X social media network.\nThe traders sentiments appear to have been informed by Bitcoins whipsaw price action as it consolidates within a wide range, stretching from $66,500 to $72,000.\nFull-swing bleeding and selling into every pump has been the theme for the past couple of months, explained the trader, adding that one of the best ways to end this cycle has always been a fresh all-time high for #Bitcoin.\nData from Cointelegraph Markets Pro and Binance shows BTC is trading at $67,474, 10% below its all-time high of $73,808, reached on March 11.\n\n\nFUD of the Week\nCrypto hacks soar to $19B in 13 years: Crystal Intelligence\nThe cryptocurrency industry suffered 785 reported hacks and exploits during the past 13 years. Nearly $19 billion worth of digital assets were stolen in the 13 years since June 19, 2011, when the first known crypto hack was reported, according to a Crystal Intelligence report shared with Cointelegraph. The largest single crypto theft case remains the 2019 PlusToken scam, when attackers netted $2.9 billion worth of Bitcoin and Ether.\nOKX investigates multimillion account thefts after SIM swap attacks\nOKX and its security partner, SlowMist, are investigating a multimillion-dollar theft involving two user accounts following SIM swap attacks. The SMS attack allowed unauthorized API key creation, which led to asset theft. While the specifics of the stolen amount werent disclosed, it was reported to be in the millions. The incidents exposed vulnerabilities in the two-factor authentication system that were exploited to whitelist withdrawal addresses.\nSolana cracks down on validator sandwich attacks\nThe Solana Foundation has removed a group of validator operators from its delegation program due to their involvement in sandwich attacks on traders. Solana validator relations lead Tim Garcia took to Discord to announce the removal of validators and said that operators engaging in malicious activities, including participating in a private mempool to sandwich attack transactions or otherwise harming Solana users will not be tolerated by the delegation program.\n\n\n  Read also\n \n\n Features Boston nurse fired for nudes on OnlyFans launches crypto porn app\n\n Features Are You Independent Yet? Financial Self-Sovereignty and the Decentralized Exchange\n\n\n\nTop Magazine Pieces of the Week\nBitcoin Layer 2 sidechains arent really L2s: There is a better way\nMost Bitcoin Layer 2s arent really Layer 2 solutions at all. But Lightning Network is, and zero knowledge based rollups could be.\nSocialFi boosts game revenue, Axie Infinity creator wants to ditch Discord: Web3 Gamer\nWeb3 games wont need Discord in the future, what Pokemon GO taught us about big spenders, and more.\n$1M bet ChatGPT wont lead to AGI, Apples intelligent AI use, AI millionaires surge: AI Eye\nFrench scientist offers $1 million ARC prize to debunk AGI hype, new research confirms LLMs arent that clever, plus Apple Intelligence.\n\n\n\n\n\n     Subscribe\n    \n\n     The most engaging reads in blockchain. 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