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As the broader market downturn continues, yelling online has become the crypto trader’s latest coping mechanism after the rise of Goblintown Ethereum NFTs at the end of May and beginning of June, where holders made incoherent groaning sounds and role-played as urine-loving goblin creatures in late-night Twitter Spaces. Ng, who had pleaded not guilty to all charges, had been detained for more than 20 months. His channel was said to have contained around 120 messages and photos that incited others to vandalise pro-government shops and commit criminal damage targeting police stations. Just as the Bitcoin turmoil continues, crypto traders have taken to Telegram to voice their feelings. Crypto investors can reduce their anxiety about losses by joining the “Bear Market Screaming Therapy Group” on Telegram. “Hey degen, are you stressed? Just let it all out,” he wrote, along with a link to join the group. The public channel had more than 109,000 subscribers, Judge Hui said. Ng had the power to remove or amend the messages in the channel, but he “allowed them to exist.”
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