๐จ LATEST: Claude maker Anthropic is calling for a global pause in AI development, warning that models are approaching the ability to self-improve without human intervention.
This led to the massive dump. Crypto no longer has a valid narrative. It is too intertwine with the US financial system. The thing that people thought was going to pump their bags have brought value destruction.
The loss of independence and the frequent hacks are not good.
It's official.
MicroStrategy, $MSTR, is now facing its biggest unrealized loss in history, at -$10.8 billion.
In other words, after 6 years of buying Bitcoin, the company is now down -17% on its position.
By comparison, the S&P 500 is up +116% over this same timeframe.
Since MicroStrategy sold 32 Bitcoin at $77,135 per coin, their positions has lost -$11.8 billion in value.
This puts MicroStrategy's stock, $MSTR, down -77% since its record high.
Bear market is an understatement.
Let's be honest, at the moment @JupiterExchange is the only company keeping @solana in the fight. If more funding and support are not given to more protocols, I see Solana becoming Ethereum eventually. Jupiter needs to expand to other chains to create a more comprehensive market, so don't expect them to be solely Solana.
@kashdhanda@solana@jup_predict I want to create my own events so others can bet on and I collect a fee. But once created, no one else can create that until expiry.
In the last few days:
โข Our new Ethena Market grew to $500M
โข Our popular USDe vault was maxed out ($250M in USDG borrow)
โข Jupiter Lend passed $2B in Total Market Size
And it's only the second week of May.
Introducing VRFD, the most comprehensive token information and news layer on Solana.
Weโve been verifying token mints with the community for the last 5 years to keep imposters away. That remains a cornerstone of VRFD but today, itโs just one of multiple signals working together for traders.
- Multiple signals, one layer.
- Open contribution: Anyone can add info, news, and fix bad data.
- Human review on everything, before it ships across Solana
@jup_VRFD
Introducing The Forge โ๏ธ
A new 6-week long trading competition, starting Monday, May 18.
Compete for a $15,000 prize pool consisting of USDC, JitoSOL, and ADX.
Climb the leaderboard through skill, risk, consistency, and activity.
Featuring unique quests, special leaderboard objectives, and rewards across all ranking levels. ๐
Visit https://t.co/WtDYBRVanX to prepare for The Forge.
USDeโs native yield just increased to 4% on @jup_lend.
This means you can now currently loop your USDe for >30% APY.
One of the most popular loops on the platform, with over $100M in deposits so far.