Est. 2014 | Crypto, AI & Tech | Trenches of Robinhood Chan with Pons & Torch, Stonk on Solana. Be prepared: Unemployment is rising, AI will take your jobs.
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Is Binance really covering 90 percent of the hack now?
major tokens like btc eth usdt and bnb are fully backed 100 percent
they used safu funds futures insurance and their own treasury
the last 10 percent covers less liquid tokens still being bought
a new proof of reserves snapshot is live for checks
withdrawals are set to reopen this sunday as planned
Binance will fully absorb the losses so users stay protected
will you keep or withdraw your funds from Binance?
Hyperliquid
ICE and Trade[XYZ] plan to bring Hyperliquid-based perps to the U.S.
Subject to regulatory approvals, ICE will operate U.S. regulated versions of Trade[XYZ]’s markets, leveraging their expertise as the leading deployer of real-world-asset perps on Hyperliquid.
The new venue will operate separately to ICE’s institutional futures franchise and offer a trading experience designed for retail participation.
Once live, U.S. traders will be able to trade 24/7 across a range of assets spanning the macro complex including:
*Crypto
*Equities
*Indices
*Commodities
*Forex
Read more: spr.ly/6010BHq9X8
Users will access the platform through U.S.-regulated FCMs performing KYC/AML screening, including ICE's joint venture with OKX.
ICE and Trade[XYZ] will seek approvals to launch a new market built on Hyperliquid to operate KYC-compliant perp markets, including regulatory approvals to support leveraged trading.
Bitcoin whitepaper dropped on reformation day
back then this led to the separation of church and state
early vision of Bitcoin was the separation of money and state
how far has crypto come?
AI companies seeking funding with no end
BREAKING: OpenAI has slashed its funding target by -$10 billion and its valuation by -$150 billion amid this week's technology stock selloff, per FT.
OpenAI is now seeking to raise $20 billion at a $1.25 trillion valuation, down from $30 billion at a $1.4 trillion valuation.
The company set a deadline of today for investors to commit to the funding round.
That "first close" is now expected to bring in less than $20 billion, after some of its investors lowered their allocations to the round.
This comes just weeks before the expected Anthropic IPO.
so no contagion this time?
was 10/10 really worse?
The reason why the market is down only 2-3% after the biggest crypto hack in history is simple: there's no domino effect.
Unlike FTX and other collapses, this won't trigger a chain reaction of bankruptcies, liquidations and further losses across the industry.
Money was stolen from the world's biggest exchange. Binance has the funds to cover it. Nobody else takes the hit.
Why would the market crash over an isolated incident involving the player with the deepest pockets in the industry?
No contagion. No bankruptcy risk. No domino effect.
Bitcoin after biggest heist in history -3.5%
stock market -30%
looks like crypto is more stable now
