ETH traders and bets on Polymarket predict that Ether price will hit $5,000 before the end of August. Key takeaways: Ether trades at $4,600 with a 64% chance of hitting $5,000 by Aug. 31. The odds of a new ETH all-time high in August jump to 87% on Polymarket. Read more
Military Bank, a Vietnamese state-controlled lender, has partnered with the parent company of South Korea’s Upbit exchange, Dunamu, to develop a cryptocurrency exchange. Vietnamese state-controlled bank Military Bank (MB) plans to launch a regulated crypto exchange in partnership with Dunamu, the parent company of South Korean crypto exchange Upbit. According to a Wednesday announcement from Dunamu, the company has signed a memorandum of understanding with Military Bank. In a Facebook post, Military Bank said Dunamu will support it building a cryptocurrency exchange in Vietnam with its technology. “MB and Upbit will be trusted partners, working together to promote Vietnam’s digital financial market,” Military Bank Chairman Luu Trung Thai said. Read more
Vitalik Buterin endorses AI doomer book, ChatGPT dietary advice sends man insane, and the funniest thing every written by an AI. AI Eye. OpenAIs Sam Altman has been talking GPT-5 up as a quantum leap in intelligence for so long, that it was almost inevitable its release would be something of a disappointment. While its not quite New Coke level bad, its not the reception theyd hoped for. Social media was immediately flooded with GPT-5 (apparently) giving very stupid answers, including obvious logic flaws, stating that 9.11 is greater than 9.9 and following patterns to the incorrect conclusions. OpenAIs odds on Polymarket for having the best model by end of August plunged from 75% to just 8% in the aftermath, though its climbed back to 24% since. Read more