Sina Estavi’s Journey from NFT Fame to Legal Challenges in Iran

Sina Estavi, known for purchasing Jack Dorsey’s first tweet as an NFT for $2.9 million, faced legal troubles in Iran, including arrest and a Red Notice from Interpol. Despite setbacks, he remains active on social media and in the blockchain industry, maintaining a significant public presence. Estavi’s journey reflects the volatile nature of the crypto space, leaving many to speculate on his potential comeback or continued decline.

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Government-Backed Threat Actors Attempt Misuse of Gemini AI Technology

Google’s threat intelligence team has revealed attempts by government-backed APT groups to misuse its Gemini AI, including low-effort jailbreak attempts and using the AI for malicious activities like phishing and information gathering. Despite these efforts, Google reported that the attempts were largely unsuccessful, with Gemini maintaining safety filters against harmful prompts. APT actors from Iran, China, and North Korea have sought to leverage Gemini for various cyber operations, including coding tasks and strategic research.

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Ethereum Layer 2 SOON Raises 22 Million in NFT Sale Before Launch

SOON, the Ethereum Layer 2 utilizing the Solana Virtual Machine, has successfully raised $22 million through an NFT sale in preparation for its mainnet launch. This project, which aims to enhance scalability across blockchains, has garnered support from notable figures in the Solana ecosystem and plans to allocate 51% of its SOON tokens to the community. Users from several countries, including the U.S. and China, are restricted from participating in the sale.

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US Implements New AI Chip Export Restrictions Before Trump’s Inauguration

The Biden administration has implemented stringent export restrictions on AI chips and technologies, aiming to maintain U.S. dominance and prevent adversaries from exploiting these systems. While allies like the UK and Japan are exempt, countries such as China and Russia face strict bans, with new licensing requirements for over 120 nations. The rules, effective mid-May, allow for adjustments under the incoming Trump administration, with hopes for industry input on potential changes.

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Stock Market Update Dow Jones Gains Amid Mixed Performance and Notable Stock Moves

The Dow Jones Industrial Average rose 0.1%, buoyed by UnitedHealth’s nearly 4% gain, while Nvidia fell nearly 3% due to new AI export restrictions. Howard Hughes surged over 9% following Bill Ackman’s acquisition offer, while Abercrombie & Fitch plummeted nearly 20% despite raising holiday sales guidance. The Nasdaq composite dropped over 1%, with Constellation Energy and Micron Technology among the biggest losers.

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Syria Considers Bitcoin Legalization to Revitalize Its Economy

Syria is considering the legalization of Bitcoin to stabilize its war-torn economy, curb inflation, and attract foreign investment, as proposed by the Syrian Center for Economic Research. The plan includes digitizing the Syrian pound and legalizing crypto mining and trading under strict regulations. However, challenges such as U.S. sanctions, crumbling infrastructure, and geopolitical complexities pose significant hurdles to successful implementation.

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Americans Anticipate Stock Market Gains Amid Political and Economic Concerns in 2025

A Gallup survey reveals that two-thirds of Americans anticipate a stock market rise in 2025, despite concerns over increased political conflict domestically and internationally. While optimism has improved since 2023, only 23% expect positive political cooperation in the US, and 32% foresee international peace. The survey indicates a potential impact on the crypto market, particularly Bitcoin, which has shown volatility in response to geopolitical events.

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Polymarket Sees Over One Billion Wagered on 2025 Prediction Markets

Polymarket’s 2025 prediction markets have surpassed $1 billion in wagers, with sports betting emerging as the leading category. The 2025 NFL Draft is the most active contract, while Bitcoin’s price outlook and Federal Reserve actions also attract significant interest. Geopolitical events, including potential leadership changes and nuclear concerns, reflect traders’ diverse focus on global issues.

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Telegram Tap to Earn Gaming Phenomenon Surges and Declines in 2024

In 2024, Telegram’s tap-to-earn gaming phenomenon surged with Notcoin, attracting 35 million players in three months, only to face a rapid decline. Following this, Hamster Kombat emerged, boasting 300 million players and drawing attention from Iranian officials due to its cultural impact. As the tap-to-earn trend evolved, it highlighted the fleeting nature of such gaming fads amidst real-world implications.

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Iran Stock Market Rises on Lower Interest Rates and Deregulation Measures

Iran’s stock market has experienced a positive surge due to lower interest rates, the removal of price controls, and supportive government measures. The shift to a negotiated exchange rate has particularly benefited export-oriented companies, enhancing their profitability. Analysts predict this upward trend will continue, bolstered by ongoing support from the Ministry of Economy and increased financing for listed firms, contributing to national development.

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