ECP NetHappenings Technology, Politics, Asia, Shitcoins, Headlines

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TECHNOLOGY

Adobe Says It Won’t Train AI Using Artists’ Work. – Yea sure I’ve got a bridge to sell you.
https://www.wired.com/story/adobe-says-it-wont-train-ai-using-artists-work-creatives-arent-convinced/

Wired: Perplexity Is a Bullsh*t Machine
https://www.wired.com/story/perplexity-is-a-bullshit-machine/

Public Books @PublicBooks
The systems that bring us our “information” cannot measure or optimize what is true.
Instead, they only care what we click on.

EU chat control law proposes scanning your messages — even
encrypted ones
I hope Europeans who always like to bash the USA are paying
attention to what their own governments are doing! -L
https://www.theverge.com/2024/6/19/24181214/eu-chat-control-law-propose-scanning-encrypted-messages-csam

Politics

FTC takes action against Adobe and executives for hiding fees, preventing consumers from easily cancelling software subscriptions:
https://www.ftc.gov/news-events/news/press-releases/2024/06/ftc-takes-action-against-adobe-executives-hiding-fees-preventing-consumers-easily-cancelling

Biden should welcome their hatred
https://robertreich.substack.com/p/biden-must-welcome-their-hatred
Advice for Joe in his first debate with the convicted felon — one week from tonight ~Robert Reich

North Carolina Supreme Court Secretly Squashed Discipline of Two GOP Judges Who Admitted to Violating Judicial Code
The decisions came despite the Judicial Standards Commission’s recommendations to publicly reprimand the judges,https://www.propublica.org/article/north-carolina-supreme-court-republican-judges-violations

South Jersey power broker George E. Norcross III and key figures in his Democratic political machine have been charged in sweeping racketeering case.
https://www.inquirer.com/news/new-jersey/george-norcross-charges-indictment-matt-platkin-20240617.html

Trump’s Spiritual Adviser Resigns Amid Allegations He Molested 12-Year-Old
Texas megachurch pastor Robert Morris, who Donald Trump once named as a spiritual adviser to his administration, announced he was stepping down from Gateway Church amid allegations he molested a 12-year-old girl in the 1980s.
https://www.christianpost.com/news/robert-morris-accuser-says-gateway-church-knew-of-his-crime.html
The resignation comes days after Morris, 62, seemingly admitted to molesting the girl in a statement to The Christian Post. In that statement, he conceded that he engaged in “inappropriate sexual behavior” with a “young lady” when he was already married with a child in his early 20s.

Fun fact: Alex Jones doesn’t actually have kids.
They are actors; they were hired to garner him sympathy in his case. There’s no need for his family to “survive” because there is no “family.” They don’t exist. Alex Jones will liquidate his personal assets to pay the families of Sandy Hook victims whom he owes more than $1.5 billion in damages.
This gets way worse for him:
This is officially the END his ownership of Infowars.
Jones had tried to resist filing for bankruptcy.

This Week in AsiaPeople
Nicky Liow, Malaysian fugitive linked to ex-Macau triad boss ‘Broken Tooth’ Wan Kuok-koi, surrenders, to be charged: police
Nicky Liow Soon Hee, renowned for his links to former Macau crime chief Wan Kuok-koi, has given himself up in Kuala Lumpur
He was one of nation’s most wanted men and will now face 26 criminal charges, including for money laundering; he is due in court on Tuesday
https://www.scmp.com/week-asia/people/article/3173892/nicky-liow-malaysian-fugitive-linked-ex-macau-triad-boss-broken

How Chinese mafia are running a scam factory in Myanmar
Lewis Sanders IV | Julia Bayer | Julett Pineda | Yuchen Li
01/30/2024January 30, 2024
In KK Park, on the Myanmar-Thai border, those who refuse to scam face torture, starvation and even murder. DW investigates one of Asia’s most brutal scam compounds.
https://www.dw.com/en/how-chinese-mafia-are-running-a-scam-factory-in-myanmar/a-68113480

BREAKING WSJ: SEC likely to seek enforcement action barring Elon Musk as public company officer / director, former SEC officials say Musk deliberately violated securities laws requiring 13-D filing when he crossed 5% ownership of Twitter stock, disclosed 11 days late at 9%
The SEC hasn’t filed any enforcement action so far against Musk over
his Twitter trading. If the SEC makes a formal complaint against
Musk for fraud, regulators are likely to again ask a court to bar him
from serving as an officer or director of a public company, former
officials said, exposing him to the possibility of removal from Tesla.
“They sued him previously, and I think they are disappointed with
the outcome of that settlement and how he has responded to it,” said
Marc Fagel, who previously ran the SEC’s San Francisco office. “They
are putting in the extra work to see if they can get a stronger case
here.”

SHITCOINS

ANNOUNCES DAVID HIRSCH (FORMER SEC OFFICIAL) AS THEIR NEW HEAD OF TRADING

Former SEC crypto enforcer joins project that touts the ability to create new shitcoins for only a $2 fee. We are excited to announce our new Head of Trading, David Hirsch! After months of conversations with @a1lon9, David came to the realization that his work as a regulator was no longer fulfilling. He had to start a new chapter.
And what’s better than doing the very thing you love? Believe it or not, but David has launched over 100 coins himself (he usually jeets right after KOTH, though)!
A memelord at heart, David will be in charge of pump dot fun’s new internal trading desk, which will be in charge of launching over 1,000 coins per day!
He will also collaborate with various actors in the ecosystem like @blknoiz06 to onboard high-status individuals. Stay tuned
We are incredibly excited to kick off this journey and wish David the very best of luck in his new role ❤️
Oh, and many thanks to @binance for the professional coverage as always!
David will be in charge of pump dot fun’s new internal trading desk, which will be in charge of launching over 1,000 coins per day! 365,000+ new shitcoins per year incoming. This is shitcoinery on meth.

@pumpdotfun

We are excited to announce our new Head of Trading, David Hirsch! After months of conversations with @a1lon9  David came to the realization that his work as a regulator was no longer fulfilling. He had to start a new chapter. And what’s better than doing the very thing you love? Believe it or not, but David has launched over 100 coins himself (he usually jeets right after KOTH, though)! A memelord at heart, David will be in charge of pump dot fun’s new internal trading desk, which will be in charge of launching over 1,000 coins per day! He will also collaborate with various actors in the ecosystem like

Former SEC Official David Hirsch Falsely Linked to Meme Coin Trading Platform in Fake News Controversy A recent video has sparked confusion over a fabricated news story involving David Hirsch, the former chief of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC). The video, which dissects the spread of this misinformation, reveals how a fake news article claimed that Hirsch had stepped down from his SEC position to join the meme coin trading platform Pump Fun as their new head of trading. The Origins of the Fake News The controversy began when

, known for its audacious and often misleading marketing tactics, released a statement claiming that David Hirsch had left his prestigious regulatory role at the

to take up a new position with them. The statement suggested that Hirsch, after discussions with

, found his regulatory work unfulfilling and decided to embrace a new career in meme coin trading. The statement went further, absurdly accusing Hirsch of being a “meme lord” who had allegedly launched over 100 tokens and engaged in unscrupulous trading practices. They even tagged

&

for clout. The Immediate Fallout As the false news spread across Twitter, it caused a frenzy among crypto enthusiasts and market watchers. Notable influencers, such as

, quickly picked up the story, amplifying its reach and impact. The video transcript captures the incredulity and skepticism of the narrator, who highlights the implausibility and potential market manipulation stemming from such baseless rumors. “Would you really challenge the SEC and say all this stuff?” the narrator questions, pointing out the boldness and recklessness of Pump Fun’s claims. David Hirsch’s Response In the wake of the misleading news, David Hirsch took to LinkedIn to clarify his position. He confirmed his departure from the SEC after nine years of service, where he tackled complex and challenging investigations. However, he unequivocally denied any involvement with Pump Fun, labeling their claims as entirely false. “This claim by Pump.Fun is false,” Hirsch stated directly in response to the rumors on LinkedIn, effectively shutting down the speculation. The Broader Implications The incident underscores the dangers of fake news in the volatile world of cryptocurrency. Such misinformation can lead to significant market movements and potentially harm the reputations of individuals and organizations alike. The video suggests that Pump Fun’s actions, although seemingly a joke or troll, could have serious repercussions. “Don’t fall for all the news. Don’t fall for all the statements on your favorite Twitters. Dig in,” the narrator advises, urging viewers to verify information before accepting it as truth. What’s Next? As the dust settles, questions remain about whether the SEC will take action against Pump Fun for their audacious misinformation campaign. The incident serves as a stark reminder of the need for vigilance and skepticism in the digital age, especially within the rapidly evolving cryptocurrency sector. For now, David Hirsch continues to distance himself from the false narrative, focusing on the next chapter of his career. Meanwhile, the crypto community watches closely, wondering if Pump Fun will face any consequences for their misleading and potentially market-manipulating statements.

#Tether Papers: This is exactly who acquired 70% of all #USDT ever issued
https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/

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