The post 5 of crypto’s most hilarious moments in 2024 appeared on BitcoinEthereumNews.com.

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Marc Andreessen sparks the AI agent rally Before there was VIRTUALS, LUNA and FART, there was GOAT, the memecoin inspired by creator Andy Ayrey’s experiment which pitted two Claude AI models in an endless chatter.  But it was none other than a16z’s Marc Andreessen, who provided the catalyst to send the entire sector into a frenzied rally, when he sent a $50k “research grant” to Ayrey in July.  With that, “AI agents on blockchains” was cemented as a go-to bullish talking point, gripping the imaginations of Crypto Twitter like never before. 12-year-old rugs memecoin Attention is the currency of memecoins, and in this case, the rugpull was the catalyst. In this ironic twist of fate, a 12-year-old middle schooler launched the QUANT memecoin on a live stream, dumped his tokens for a $30k profit and jubilantly flipped off the camera. The virality of the moment proceeded to pump QUANT to an $84 million market cap in the next two hours, leaving our young comrade with at least $4 million in missed profits. The SEC’s fake bitcoin ETF approval tweet It was a publicity stunt straight off a Hollywood script when the SEC’s official Twitter account was hacked on Jan. 10, 2024 and posted a false announcement of the approval of bitcoin ETFs. Bitcoin’s price saw a thousand dollar pump before Gensler officially clarified that its account was compromised. In October, the hacker turned out to be a 25-year-old American who deployed a “SIM swap” technique using an SEC employee’s personal details. Shortly after the SEC account hack, the bitcoin ETFs was then actually officially approved, ushering in crypto’s first ever market pump before the Bitcoin halving. Never a dull day in crypto. Ansem vs. BitBoy for Crypto…

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Filed under: News - @ December 31, 2024 6:22 pm