The golden helmet of Coofeneti at the Drents Museum Drents MuseumIn the dead of the night, three hooded thieves appeared outside theDrents Museum in Assen, a city in the northeastern Netherlands. Security camera footage shows them carrying a duffle bag, a crowbar and flashlights. Suddenly, a white flash obscures the image. Sparks and smoke scatter across the scene.With the aid of explosives, the thieves blasted their way into the museums renowned galleries full of antiquities and artfrom the worldsoldest known boat to an early Vincent van Gogh painting depicting a Dutch peasant burning weeds in the twilight.But as the sun rose on Assen and the authorities assessed the damage, it became clear that the thieves were after objects from the Dacia: Empire of Gold and Silver exhibition, a collection of archaeological treasures from museums across Romania that was supposed to close on January 26the day after the robbery.This is a dark day,Harry Tupan, the general director of the Drents Museum, says in astatement. We are intensely shocked by the events last night at the museum. In its 170-year existence, there has never been such a major incident. It also gives us enormous sadness towards our colleagues in Romania.Four golden objects are missing from the museum, including three royal bracelets and the resplendenthelmet of Coofeneti, which was on loan from theNational History Museum of Romania in Bucharest.Beelden van verdachten explosie en inbraak in Drents Museum in AssenWatch on Emil Hurezeanu, Romanias foreign minister, emphasized the profound emotional impact this incident generates in Romania, according to Irina Marica ofRomania Insider.The four stolen artifacts help tell the story of theDacian people, who lived in aregion that encompassed parts of modern-day Romania and several nearby countries. Their kingdom lasted until the Roman Empireconquered the region in around106 C.E.This is more than just a theft; it is a wound to the Romanian community, Romanian art historian and journalistClaudia Marcu tells theDutch Broadcasting Foundation (NOS), per a translation by theNL Times.The Coofeneti helmet, crafted out of solid gold around 450 B.C.E., is particularly meaningful to Romanian national identity.Every child in Romania learns about this helmet in school, Cornel Colceru, a Romanian translator based in the Netherlands, tells NOS. Its the symbol of the Dacians and their treasures. The stolen Dacian bracelets were found at the Sarmizegetusa Regia, the kingdom's ancient capital. Ing. Marius Amarie / Drents MuseumA replica of the helmet even featured in The Dacians, a 1966 Romanian film about clashes between the Roman Empire and the Dacian kingdom, according to theWashington Posts Kelly Kasulis Cho.The helmet was unearthed by children in the 1920s after a heavy rain washed away part of a hillside in central RomaniasPrahova region. After playing with it for a while, the children took it home, where the family used it as a water bowl for farm animals, according to the Drents Museum.A merchant fromPloieti, Prahovas capital, purchased the helmet from the family in 1929 and later donated it to the National Museum of Antiquities. It arrived at the National History Museum of Romania in the 1970s.Made from three gold plates welded together, the helmet features rich mythological imagery. On its front, two golden eyes are said to possess apotropaic qualities, or the ability to ward off evil, according to a gallery guide from the Drents Museum. The helmets decoration succinctly summarizes the blend of civilizational and artistic elements from ancient Eurasian and Greek culturesincluding griffins, sphinxes and a male figure sacrificing a ram.The bracelets, which date to around 50 B.C.E., were uncovered inSarmizegetusa Regia, the ancient Dacian capital, and feature spiraling gold loops. TheCoofeneti helmet dates to the fifth century B.C.E. Ing. Marius Amarie / Drents MuseumWe must find these items before they are melted down,Andrea Teunissen-Oprea, Romanias honorary consul in the Netherlands, tells NOS.The Dutch police have enlisted the help ofInterpol, an international police organization that specializes in transnational crime, according to astatement.Asimilar art theft using explosives took place at theMPV Gallery in the Dutch town of Oisterwijk in November, although those thieves were ultimately less successful, per Mike Corder of theAssociated Press.The thieves ran from the gallery with four Andy Warhol works. But after discovering that the paintings wouldnt fit in their getaway car, they ditched two on the road and ripped the other two out of their frames, damaging them in the process. Mark Peet Visser, the gallerys owner, called the robbery amateurish.In contrast, the recent incident at the Drents Museum was no amateur burglary, writes the New York Times Ali Watkins. Police have linked it to a nearby car fire, suggesting that the suspects may have set one car on fire and drove away in another. The search is ongoing, and the Drents Museum is closed until further notice.Get the latest stories in your inbox every weekday.

Midwest Games, which is focused on showcasing indie game talent across the Midwest of the United States and other underrepresented regions, introduced a new service support model, shadow publishing.Extending the publishers expertise into a services model addresses a critical gap in the games market thats currently underservedmore games are entering the market and fewer traditional publishing deals are available, leaving studios with the daunting task of self-publishing, the company said. As part of this new initiative, Green Bay, Wisconsin-based Midwest Games has appointed games industry veteran Elizabeth Howard as chief advisor for services. Howard, who most recently served as vice president of production at Bungie, brings 20 years of experience in business development, publishing, production, and portfolio management. She will lead the team in delivering tailored publishing solutions that empower game developers and bring great experiences to players. Under CEO Ben Kvalo, Howard joins the current leadership of Jennifer Corbett, chief marketing officer, and Chris Klimecky, chief product officer.Elizabeth Howards is the chief adviser for services at Midwest Games.Midwest Games will offer both la carte and full-service support on a work-for-hire basis, allowing developers to retain future revenue and IP rights.Midwest Games shadow publishing offers services before, during, and after launch for PC and console games of all genres. The company touts its location as an advantage in pricing to keep publishing support accessible and allow more funds to go directly into each game. Services will cover the full needs of bringing a game to market, including business and publishing strategy, platform management, marketing and PR, and developer services.The games market has evolved. To succeed, games need to hit all facets of publishing throughout the entire development lifecycle, yet many studios lack the resources, Howard said in a statement. While flexible models exist for development, that same flexibility has been missing in publishinguntil recently. Midwest Games shadow publishing provides a scalable solution that integrates strategy and execution so studios can focus on making great games.Midwest Games shadow publishing presents a few key differentiators:Comprehensive services: This is one of the first full-service offerings worldwide that aligns strategy, production, and marketing in one vendor for those who want to enlist a full suite of capabilities.Flexibility: Unlike traditional publishing partnerships, this model provides the studio with options in scaled support, pricing, and service timelines.Retained ownership: Game owners retain their IP and full revenue while having full say over publishing decisions.In a statement, Kvalo said, By empowering partners with the right knowledge and resources, Midwest Games can help studios navigate a competitive and fragmented publishing landscape while retaining the value of their game and years of hard work for the long term. Were incredibly excited to bring Elizabeths leadership in publishing and developer services to spearhead the initiative to support more games.Daily insights on business use cases with VB DailyIf you want to impress your boss, VB Daily has you covered. We give you the inside scoop on what companies are doing with generative AI, from regulatory shifts to practical deployments, so you can share insights for maximum ROI.Read our Privacy PolicyThanks for subscribing. Check out more VB newsletters here.An error occured.

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AI 2.0: Personalization That Respects Your Privacy 0 like January 27, 2025Share this postAuthor(s): Mukundan Sankar Originally published on Towards AI. The Hidden Revolution of AI: Personalization Without IntrusionThis member-only story is on us. Upgrade to access all of Medium.Image created by the author using ChatGPTPicture this: As you browse your favorite streaming platform like your Netflix, Amazon Prime or what have you- an amazing recommendation appears just when you need it most. Or you are shopping on the worlds biggest shopping platform and it gives you the perfect item you were seeking in your recommendations! Its not just another suggestion; it feels tailor-made to match your unique taste and mood. Now picture this the AI behind that recommendation didnt invade your privacy, didnt sift through your data, and didnt creep into your life.It sounds impossible, but its not. This is the quiet revolution unfolding in artificial intelligence.The catalyst? Two groundbreaking techniques rewriting how AI personalizes without compromise: FedSelect: Personalized Federated Learning via Customized Selection of Parameters for Fine-Tuning and Personalized Federated Learning via Sequential Layer Expansion. These arent just academic papers. Theyre blueprints for the AI of the future a future where personalization meets privacy and efficiency meets scalability.Lets examine this revolution in detail and understand how it will impact you, me, and billions of others.Artificial intelligence has a hidden issue: the personalized experiences we Read the full blog for free on Medium.Join thousands of data leaders on the AI newsletter. Join over 80,000 subscribers and keep up to date with the latest developments in AI. From research to projects and ideas. If you are building an AI startup, an AI-related product, or a service, we invite you to consider becoming asponsor. Published via Towards AITowards AI - Medium Share this post

Author(s): Sudeep Originally published on Towards AI. Now lets learn about Correlation. Correlation is a statistical measure that indicates the strength and direction of a relationship between two variables.In a dataset, the values can show:Positive Correlation: As one variable increases, the other variable also increases.Negative Correlation: As one variable increases, the other variable decreases.No Correlation: There is no apparent relationship between the two variables.Made with WhimsicalCovarianceCovariance is a statistical measure that indicates the degree to which two random variables change together. It helps describe the relationship between the variables and can be:Positive: When both variables tend to increase or decrease together.Negative: When one variable increases as the other decreases.Zero: When there is no linear relationship between the variables.Where:x_i, and y_i are the individual data points of variables X and Y.x y are the mean values of X and Y.n is the total number of observations.Note: If the formula uses 1/m, where m=n1, this is referred to as the Bessels Correction, which is used to calculate the sample covariance to avoid bias when estimating population covariance.Limitations of CovarianceOne issue with covariance is that its value is not normalized. If we increase the range of x or y, the covariance will also increase, making it difficult to interpret the strength of the relationship on its own.Solution: NormalizationTo address this, we normalize the covariance by dividing it by the product of the standard deviations of x and y. This gives us the correlation coefficient, which is a dimensionless measure that ranges between -1 and 1Where:_x and _y are the standard deviations of x and y, respectively.The correlation coefficient makes it easier to compare relationships across different datasets, regardless of their scales.This is know as Pearsons Correlation and it is represented as r.Properties of Pearsons Correlation:r = 1: Perfect positive correlation (variables increase together).r = 1: Perfect negative correlation (one variable increases as the other decreases).r = 0: No linear correlation between the variables.Still the Problem is not YET SOLVED.In the above graph, we notice some outliers (the dots in the 4th quadrant). These outliers can significantly influence the calculation of the Pearson correlation coefficient r, leading to incorrect results. For instance, the presence of these outliers might cause r to be less than 0, even when the relationship between the majority of the data points suggests otherwise.Solution:To handle this issue, we need to introduce Rank Correlation, which is more robust to outliers. Rank correlation methods, such as Spearmans Rank Correlation Coefficient, rely on the relative ranking of data points rather than their actual values. This makes them less sensitive to extreme values, ensuring a more accurate representation of the underlying relationship.Spearmans Rank Correlation Coefficient Equation:The equation for Spearmans rank correlation coefficient is:Where: = Spearmans rank correlation coefficientd_i = the difference in ranks for each pair of valuesn = the number of data pointsThis formula computes the rank-based correlation. Now, notice that Spearmans rank correlation is essentially a Pearson correlation of the ranked values, rather than the raw data. This makes it a useful method when the relationship between variables is not linear or when there are outliers in the data.To know more about how this works in numerical problems check out this: https://www.geeksforgeeks.org/spearmans-rank-correlation/Random ExperimentA random experiment is any activity or process that we perform where the result cannot be predicted exactly beforehand. However, we know all the possible outcomes, and each outcome has a chance of happening. Even if we do the same experiment multiple times under the same conditions, the result might be different each time.Example: Marks of Students in a ClassImagine youre conducting a random experiment where you ask each student in a class to pick a random number between 1 and 100, representing their mock test score. This is what happens:The process (experiment): Asking students to pick a number.Uncertain result: You cannot predict what number each student will pick. One student might choose 85, another 60, another 45, etc.Possible outcomes: The numbers they can choose are between 1 and 100 (all the possible test scores).Chance or probability: Each number has a probability of being chosen. For example, if students pick completely randomly, all numbers have an equal chance.Even though you repeated the process (experiment) of asking students under the same conditions, the numbers they pick can vary each time. This makes it a random experiment.Summary: Understanding Correlation, Covariance, and Random ExperimentsIn this article, we explored the foundational concepts of correlation, covariance, and random experiments:Correlation:Measures the strength and direction of the relationship between two variables.Types:Positive: Variables increase together.Negative: One variable increases as the other decreases.No Correlation: No apparent relationship.Covariance:Describes how two variables change together.Types:Positive: Variables increase or decrease together.Negative: One variable increases as the other decreases.Zero: No relationship.Limitation: Covariance is not normalized, making it difficult to interpret.Normalization via Pearsons Correlation:Dividing covariance by the product of the standard deviations of the variables gives the correlation coefficient (rrr).Properties:r=1r = 1r=1: Perfect positive correlation.r=1r = -1r=1: Perfect negative correlation.r=0r = 0r=0: No linear correlation.Addressing Outliers with Rank Correlation:Outliers can distort Pearsons correlation.Solution: Spearmans Rank Correlation computes correlation based on the relative ranks of data points, making it robust to outliers.Random Experiments:Processes with uncertain outcomes but known possibilities.Example: Students picking random numbers as mock test scores.In the next article, well delve deeper into random experiments, exploring the estimation of populations, its types, and more statistical insights. Stay tuned Join thousands of data leaders on the AI newsletter. Join over 80,000 subscribers and keep up to date with the latest developments in AI. From research to projects and ideas. If you are building an AI startup, an AI-related product, or a service, we invite you to consider becoming asponsor. Published via Towards AI

DC and Marvel have always chased each other in circles going back to the dawn of The World Outside Your Window. Hell, at one point they were even chasing Jack Kirby back and forth between companies. So its not at all weird to, on the one hand, have a newly powered Peter Parker working with Harry Osborn and Otto Octavius to untangle mysteries behind the Kingpin; and on the other, have Bruce Wayne, also just starting his hero career, sitting down for a poker game with Harvey Dent, Oswald Cobblepot, Waylon Jones and Eddie Nygma, wheedling intel out of them over the course of what appears to be a regular game. Thats par for the course for the companies at this point.What is odd is that these Spider-Man and Batman stories are simultaneously the best superhero comics on the stands and part of alternate lines that are fulfilling the promise of Marvels original Ultimate Universe concept.Twenty-five years ago, Marvel Comics, crawling out of the shadow of a bankruptcy, tried something new. They started over, relaunching the Marvel Universe on an alternate Earth, starting in 2000 instead of 1962, and for a minute, it felt like it was something truly fresh and full of exciting possibilities. Indie crime comic newbie Brian Michael Bendis and perpetually post-9/11-even-before-9/11 writer Mark Millar relaunched Spider-Man and the X-Men for a new generation and made the books cool and relatable in a way they hadnt really been for years. It helped that new #1s for all these books made these great jumping-on points for new readers, including fans of the Spidey and mutant movies of the era. Eventually, that original line devolved into rehashing concepts from the main Marvel Universe (WITH A TWIST!) and then collapsed even further into shock jock comics (do NOT read Ultimatum). By the time the line started really innovating, it was barely hanging on. We lucked into Miles Morales, the Ultimate Universes most high-profile creation, and he was saved from doom (literally) by that popularity when Earth-1610 was destroyed by Jonathan Hickman, Esad Ribic, and Earth-616 in the greatest superhero crossover event ever written, 2015s Secret Wars.However, despite its initial MASSIVE popularity, DC never actually chased this alternate universe line of books, likely because Marvel used it as a way around rebooting its entire universe, something DC had done *counts on fingers* at least three times by 2000 (one and a half, if you count Zero Hour and Final Night as the same story). Until Marvels Ultimates were dug out of their graves. By the guy who put them there.There are some surface differences between the two lines, reflected in who launched them. Hickman, the meticulous planner who destroyed Earth-1610, schemed out an entire history for the new Earth-6160, the setting of Marvels current Ultimate comics, building it out around his great villain, Ultimate Mister Fantastic, and his desire to have a home of his own again, albeit one he shaped from its start.From that foundation, Hickman has kept his hands on the reins for the excellent Ultimate Spider-Man, with truly terrific art from David Messina. He handed off the rest of the line to some utterly fascinating creative teams. Deniz Camp, fresh out of 20th Century Men, an indie comic that can best be described as What if Humanoids published the Avengers?, got his hands on the actual Avengers (The Ultimates). Teamed with artists Juan Frigeri and Phil Noto, Camp has created the best Avengers comic since the Secret Wars era, featuring Iron Lad and Doom finding and reactivating Avengers in preparation for a big fight with the Maker. Bryan Hill and Stefano Caselli have Ultimate Black Panther, where a younger, more scheming TChalla has his hands full defending Wakanda from Ra and Khonshu, the Makers chosen rulers of the rest of Africa. And then theres a book I cant believe is in continuity: Ultimate X-Men by Peach Momoko, a supernatural high school manga thats also an incredible Shadow King story. The most recent launch is Ultimate Wolverine, recasting Logan as the Ultimate Winter Soldier, and Im eager to get a look at it.While Marvels new Ultimate line launched out of some meticulous planning, DCs Absolute line just kind of exploded at us. It started in Mark Waids big event book with Dan Mora, Absolute Power, which was the Tron: Legacy of comics events: I have no idea what happened but I loved looking at it and want to keep looking at it. At the end, Darkseid made his way to an alternate Earth and fell back in time to that universes creation, infecting everything that grew out from its Big Bang. Unlike Marvel, DC went with established talent to launch the new universe. So we get Scott Snyder and genius draftsman Nick Dragotta relaunching Batman as an enormous crimefighter who drives giant trucks and wields Bat Axes. We get Kelly Thompson at the pinnacle of her powers reimagining Wonder Woman, giving her to Circe to raise in Hell after the slaughter of the Amazons and bringing her to Earth to love and save the world, with stunning, indie-inflected art from Hayden Sherman. And we get the best thing Jason Aaron has written since Scalped: Absolute Superman with Rafa Sandoval, featuring an utterly brilliant twist at the end of the first issue.Join our mailing listGet the best of Den of Geek delivered right to your inbox!Im partway through two books and a full Claremont X-Men readthrough, with a full Starman read on deck, and I drop everything when a new issue from any of these Ultimate or Absolute series hits. These books are fresh, thoughtful, emotive, and brilliantly crafted with old and new creators all completely on top of their games. Its a great time to be a Marvel and DC fan.

Apple has just released iOS 18.3. The release isnt the most feature-packed, but it does come with some small AI updates and also something for the math crowd. Theres a key Calculator app fix thats been asked for often and that iOS 18.3 delivers.Repeating operations are now possible again following iOS 18 removalWhen Apple released iOS and iPadOS 18 in September, the updates came with big and small changes to a wide variety of system apps.Calculator was among them.Apple brought Calculator to iPad for the first time, but it also took the opportunity to make some changes to the app on iPhone.Not all of those changes have been well received though.One negative changewhich we now know was unintentionalwas the removal of a key feature: repeating operations with the equals button.Previously, when making a calculation, you could hit the equals button repeatedly to perform further calculations. This was a great shortcut with a variety of applications.For example, if you entered 2 x 2 and hit equals, youd see the answer, 4. But you could then hit equals again to have 4 multiplied by 2 again. That answer could then be multiplied by 2 again with another hit of the equals button.iOS 18 removed that behavior, but now its been restored to the Calculator app in iOS 18.3.The next time you open your iPhones Calculator app, you can once again hit the equals button over and over to perform new operations to your hearts content.Were you missing this Calculator feature? What other iOS 18 changes need to be addressed? Let us know in the comments.Best iPhone accessoriesAdd 9to5Mac to your Google News feed. FTC: We use income earning auto affiliate links. More.Youre reading 9to5Mac experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Dont know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

I like a simple desk setup, and the LISEN Qi2 3-in-1 charging station might just be the charger to rule them all if you feel the same. With Qi2 fast charging support and an Apple-inspired design, its the perfect companion for someone who is all in on MagSafe. Lets dive into what makes this a great purchase and how it fits nicely with your existing Apple gear.MagSafe Monday:Every Monday, Bradley Chambers looks at the latest and greatest in the MagSafe and wireless charging industry to help you get the most out of your Apple devices that support wireless charging.Build qualityThe first thing youll notice about the LISEN Qi2 3-in-1 charger is the Apple-like design. It has nice mix of silver and black colors with a little bit of metal. Unlike many plastic-only MagSafe chargers you can buy, the metal adds enough weight to keep it firmly in place during one-handed usea small but always appreciated detail. The color looks very similar to Apples Space Black MacBook Pro color.Another nice design option is the retractable Apple Watch charger. If you charge your watch only at night or dont wear one, it slides away so you dont even see it. I personally dont wear an Apple Watch, so I enjoy being able to hide it.Not just one way to use itWhile its primary use case is a 3-in-1 charging station, the LISEN Qi2 can also function as a single-device MagSafe stand for your iPhone. Its nice if you want to monitor notifications, approve MFA alerts, or use it as a video camera for remote meetings.And when its time to pack a bag for traveling, the charger can easily slide into your travel bag as well. It includes the USB-C cable and the adaptor, so it can function as your primary mobile charging setup for hotels, etc.Wrap up on LISEN Qi2 3-in-1The LISEN Qi2 3-in-1 charging station simplifies your desk and can adapt to multiple use cases. Whether youre looking for a fast MagSafe dock for your iPhone, a 2-in-1 for iPhone and AirPods, or a 3-in-1 for everything, it can handle it.If youve been searching for the ultimate charging solution for your mobile Apple devices, this might be the one youve been waiting for. With its nice blend of functionality and design, the LISEN Qi2 proves that one charger really can rule them all (sorry, Ive been binge-watching Lord of the Rings with the remastered editions).You can buy the LISEN Qi2 3 in 1 Charging Station from Amazon.Add 9to5Mac to your Google News feed. FTC: We use income earning auto affiliate links. More.Youre reading 9to5Mac experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Dont know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

Brutal.Maximum Car-nageExpensive-looking robotaxis make easy targets, it seems.On Saturday, a self-driving Waymo cab was badly trashed by a crowd, who tore the vehicle to absolute shreds as it idled in the middle of a quiet street in Los Angeles's Beverly Grove, The Los Angeles Times reports.Local police say they received a call of a group vandalizing the vehicle around 4 am. When they arrived, the suspects had already fled the scene but the aftermath of the vehicular thrashingwas plain to see. The front passenger side door of the Jaguar was torn off and lying on the hood, just about every window was smashed, and the expensive rear camera, part of the autonomous vehicle's lidar system, had been ripped out.According to the LA Times, the Waymo cab was unoccupied at the time of the attack, and was stopped at a red light when it was mobbed. No arrests were made, but a vandalism report was filed.Mosh-Pit StopWhy the Waymo cab was vandalized is unclear. It is worth noting, however, that robotaxis remain controversial with locals, for issues ranging from disrupting traffic to endangering pedestrians.Some reports suggest that the Waymo barged into the middle of a "street takeover" when a group of people block off a section of road, typically to goof around in cars but an LAPD spokesperson told the LA Times that there's no evidence of this taking place.Whatever the reason for their gathering, the crowd was large. A video of the incident shows roughly two dozen people gathered around the Waymo, while a few take turns kicking its rear end and stomping on its sunroof.Mo ProblemsThis isn't the first time that Waymo cabs or cabs from the company's robotaxi competitors have been vandalized, though this latest incident was more severe than usual.Last fall, a viral video showed several people walk up to a stopped Waymo taxi to tag it with graffiti while a passenger sat inside clutching their dog a comical if tense scene.A more serious case last January saw a crowd of people set one of the robotaxis on fire in San Francisco's Chinatown.These cases of vandalism have become such a repeat occurrence that Waymo has made a show of going after the people that trash its car with lawsuits.A Waymo spokesperson said that the company was working closely with law enforcement to investigate this latest incident. "While these sorts of events are rare, we take them extremely seriously and remain committed to improving road safety and mobility in the cities where we operate," the spokesperson said, per the LA Times.More on robotaxis: Waymo Self-Driving Taxi Flummoxed by Construction Worker's Hand SignalsShare This Article

Who could ever have seen this coming?Down the DrainSince Donald Trump's "official" meme coin hit eyebrow-raising heights just before his inauguration, its value has plummeted spectacularly.As CoinMarketCap's price-tracking shows, the value of the $TRUMP coin currently sits at just under $27 per token a 64 percent decrease from its all-time high of $75 the day prior to the president's swearing-in.Less than a week after the coin's initial launch, the president admitted or claimed, at least that he wasn't all that involved in the whole thing to begin with."I don't know much about it other than I launched it," Trump told reporters at the White House. "I heard it was very successful, I haven't checked it."The coin's value immediately began to tank after those comments,Decrypt reported a trend that's continued as the coin slidesTrump TuahDespite ample warnings that the "official Trump coin" represented the worst of the crypto world's scammy get-rich-quick impulses, the crypto-ignorant didn't heed those calls for caution and began buying it en masse.Launched on January 17, $TRUMP's value skyrocketed rapidly to a $10 billion market capitalization and brought associated tokens, including the second-time first lady's $MELANIA meme coin, along for the ride.Despite that initial market enthusiasm, the industry's leveler heads weren't impressed."Trump's comments about not knowing much about the coin back up my opinion that he is making a mockery of the industry," Danny Scott, the CEO of the CoinCorner crypto platform, told the BBC. "It's a stunt."Even Anthony Scaramucci, Trump's brief-lived communications director from his first administration, recognized the volatility of the $TRUMP coin gambit."It's a gambling token," the SkyBridge founder toldYahoo Financelast week. "Our society is always going to have gambling... but he's the leader of our country, and he does represent something to the rest of these countries, at least the institution of the presidency once did. So I don't like it."Amid a weeklong flurry of hateful and potentially AI-generated executive orders during the first week of the second Trump administration that make 2017's "Muslim ban" look like child's play, the president was also passively at the helm of a massively losing venture.And isn't losing supposed to be the one thing he doesn't do?More on the Trumps and crypto: Ivanka Trump Warns of $IVANKA Meme Coin That's Grifting Her Fans Without Even Paying HerShare This Article