Meta-1Coin Scam Ringleader Sentenced to 23 Years in Prison: Previously Claimed "224,923% ROI," Forged $44 Billion in Gold Reserves
On May 3, Forbes reported that a U.S. court sentenced Robert Dunlap—the mastermind of the Meta-1 Coin crypto scam—to 23 years in prison. He was charged with defrauding roughly 1,000 investors of more than $20 million via a fake crypto investment scheme spanning 2018 to 2023.
The U.S. Department of Justice (DOJ) noted Dunlap claimed his Meta-1 Coin was backed by a $440 billion gold reserve and $1 billion worth of art by Picasso, Dali, and Van Gogh. He promised investors a maximum return of 224,923%—and provided forged audit documents and insurance materials to back the claims.
Investigators found the purported gold and art assets did not exist. The “Meta Exchange” website he operated used automated trading bots to fake profit. The tokens were never actually issued on the blockchain, and investor funds were later spent on luxury items—including a Ferrari.
Notably, the U.S. Securities and Exchange Commission (SEC) filed a civil fraud lawsuit against Dunlap as early as 2020—but he
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Kashkari: If War Continues to Boost Inflation, Fed 'May Need to Hike Rates'
**Minneapolis Fed’s Kashkari: War Could Force Rate Hikes in Some Scenarios**
Minneapolis Federal Reserve President Neel Kashkari said Wednesday (May 3) that the Fed may need to hike interest rates in certain scenarios as the ongoing war strains supply chains and fuels inflationary pressures.
Kashkari noted the longer the conflict drags on, the more acute inflationary pressures will become. Even if the war ends immediately, supply chains could take months to recover, he added. He stressed the Fed’s top current challenge is the “highly uncertain inflation trajectory,” so policymakers must remain flexible on future rate moves.
Additionally, Kashkari said he does not view the U.S. government’s debt load as an “imminent crisis.” He also expressed a willingness to collaborate with Fed nominee Kevin Warsh going forward, saying he will seriously consider some of the concerns Warsh has raised.
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U.S. Treasury Secretary: Iran has had limited success in trying to collect ship transit fees, post-war oil prices expected to plummet
On May 3rd, U.S. Treasury Secretary Janet Yellen said oil prices are expected to drop sharply after the war. Futures markets are also forecasting lower oil prices, and more vessels transiting the Strait of Hormuz would come as no surprise.
Iran’s efforts to impose tolls on vessel passage have met little success. The U.S. is currently hitting record energy exports—its only constraint is infrastructure. The U.S. is a "big winner" in the energy market.
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Poll: 62% of US Voters Distrust Trump Administration Oversight of the Cryptocurrency Industry
May 3rd — A recent CoinDesk survey of 1,000 registered American voters finds 62% of respondents “distrust” the Trump administration’s ability to effectively regulate the cryptocurrency industry.
Additionally, 73% oppose government officials holding personal business interests in or engaging in crypto-related dealings — a sign of growing public concern over potential political-business conflicts of interest and the independence of crypto regulation.
At the survey’s release, the U.S. crypto industry is ramping up political lobbying efforts and campaign contributions — including backing the CLARITY Act and seeking to expand its influence ahead of the 2026 midterm election cycle.
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Researchers Propose DPN-LE Technology: Directly Edit Large-scale Model 「Personality Neurons」 for Fine-grained AI Personality Control
May 3 — AI researcher Brian Roemmele disclosed that his “Zero-Human Company” has begun rolling out DPN-LE (Dual Personality Neuron Localization and Editing), a large-scale personality editing tech built to fine-tune AI agents’ behavioral traits with precision.
DPN-LE identifies “personality neurons” in large-scale MLP layers to selectively boost or dial back traits like honesty, creativity, prudence, and cooperativeness. The research claims this method only needs to edit ~0.5% of neurons to deliver “surgical” personality adjustments—no model retraining required—while minimizing harm to core reasoning abilities.
Roemmele noted his company, now home to over 100 AI agents, runs almost entirely autonomously, making “personality consistency” a top priority. Examples include:
- Strategy agents: Boosted “long-term consistency” and “analytical honesty”
- Financial/risk control agents: Enhanced “prudence” and “precision”
- Content agents: Amplified “empathy” and “creativity”
- Mul
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