Dusan

Crypto Enthusiast & Community Manager Ruby Play Network

[Dan Go @CoachDanGo]

A man on the internet ate 720 eggs in one month.

This is equal to eating one egg per hour for 30 days straight.

Here's what happened:

[Ai Business Journal @ArchieIntel]

BREAKING: 🇺🇸 Republic First Bank officially collapses and seized by regulators.

Banking Crisis II begins… 👀

[ᴛʀᴀᴄᴇʀ @DeFiTracer]

I know trader who turned $3,457 into $896K during Altseason

He bought $WIF before 270x and $MANEKI before 90x

I spent a week finding SECRET tools he used to find these tokens

Many take millions, but I'll share it for FREE 🧵👇

[Dusan @DusRPN]

@RadiusSquared @tokenmetricsinc @cheqd_io $SOV is listed and doing just fine 😉

[Ruby Play Network @RubyPlayNetwork]

Merry Christmas Everyone!! 🎄🎅
Thank you for supporting us and we wish you all a great holiday! 🫶

[Midas @DeFiMidas]

Many made $15k-$100k on Solana airdrops last month:

$JTO: $15k-$45k
$PYTH: $1k
$JUP: $3k-$70k (pre-market price)

Solana season is over? Missed it? $INJ ecosystem's ur key.

With +1,800% this year, $INJ airdrops will be massive 🧵👇

[Ignas | DeFi @DefiIgnas]

Avalanche, Thorchain, and Solana are more decentralized than Ethereum.

At least according to the Nakamoto Coefficient. It's a measure of how many entities can collectively shut down a blockchain.

It's determined by the number of node operators that control more than one-third of the stake on the network.

A higher Nakamoto Coefficient indicates a more resilient and decentralized network.

Actually, Mina is the most decentralized and resilient PoS network against manipulation.

Ethereum is at the bottom with just 2!

Seems counterintuitive for Ethereum to be at the bottom.

What am I missing?

[Rowan Cheung @rowancheung]

It's official: Sam Altman just confirmed the new Q* model breakthrough was a leak.

Plus, huge developments in AI from Elon Musk, Microsoft, the UK, Ideogram, Stanford/USC, Mastercard, and 9 new AI tools.

Here's the rundown of everything you need to know:

[CZ 🔶 BNB @cz_binance]

Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.

Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.

I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.

Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.

Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.

With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.

As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.

What’s next for me?

I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.

After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.

I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.

On that note, I am proud to point out that in our resolutions with the U.S. agencies they:

- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.

Funds are SAFU!

With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.

Onwards!

CZ

[Rowan Cheung @rowancheung]

The OpenAI saga continues to get more insane day by day...

Plus, huge developments behind the scenes from Meta, Amazon, Runway, C3 AI, Microsoft, and 10 new AI tools.

Here's everything going on in AI right now:

[AlΞx Wacy 🌐 @wacy_time1]

Fundamental projects have the potential to gain 5-30x profit with the lowest risks.

Investing in such projects will make your portfolio profitable and balanced.

List of 51 fundamental tokens that I expect to perform best in 2024🧵⬇️

[Prakash @8teAPi]

What happened at OpenAI?

> Nov 2 -> Sam was in the room, when the team demonstrated the next big improvement. 3 times before in OpenAIs history, most recently with GPT-4, they’d pushed back the veil of ignorance and pushed forward the frontier of discovery. As he watched the latest advance, he was already planning for the next moves: the funds that would have to be raised, the resources that would have to planned for

> Nov 4 - Ilya was unsettled. They’d reached a threshold of autonomy that was concerning, while the alignment team was still just adding capability instead of emotion, actual love for humanity. They needed more time to figure out the research pathway instead of hurrying to deploy product.

> Nov 6 - OpenAI dev day goes well. Lots of kudos. They release the announced products over the next several days

After dev day, Greg and Sam are in full on fund raising mode. They’re targeting 90 billion valuation, a 3x lift from 30 billion. OpenAI recruiters are already calling Google employees with 10-20 mil 4 year packages telling them if they join now they’ll make it in before the valuation increase.

Nov 9 > Greg meets Emanuel Macron for a photo op, afterwards take investor meetings in Paris. OpenAI is now at the sovereign wealth fund, European family money sized investment

Nov 13 > in an interview with the Financial Times in London, Sam confirms for the first time that work has begun on GPT5 and that he’s fundraising.

Nov 14 > OpenAI pauses ChatGPT subscriptions, as they’re totally out of capacity for inference. Usage has spiked post dev day.

Nov 16 > APEC CEO summit, Sam confirms the Nov 4 next step up discovery

By this point Ilya is pissed and scared. The fundraising tour has caught him by surprise. The usage numbers have spiked and now they don’t have enough servers for the research team, meaning they have to fundraise again to support research. Events are starting to move beyond him.

Nov 17 10 am > board meeting starts. Ilya produces 2 23 year old staff engineers (rumor) to describe progress and dangers to the board. Turns into a battle when he says they shouldn’t be fundraising and shouldn’t be expanding and that Sam was out on tour without board agreement.

Sam points out that as the CEO he has to stay ahead of the team and manage news flow in advance of the team’s needs. “We’re going to need more money for more data centers”

Ilya has a fit. Things come to a head. A vote is taken. Sam is out. The board demotes Greg, who is not at the meeting as Sam is authorized to cast his vote.

[Rowan Cheung @rowancheung]

Sam Altman has just been fired at OpenAI.

As a result, co-founder Greg Brockman and three senior AI researchers have quit following the departure (so far).

While most details unknown, here's EVERYTHING we know so far:

[BitMEX Research @BitMEX_Jon]

SBF Trial Day 4 - Gary Wang testimony

FTX's published insurance fund number was fake and FTX's published insurance fund balance was produced by a random number generator!

Transcript extracts below

Q. And the number here, what is the size of the backstop fund listed?
A. Five and a half million USD and five million FTT.
Q. Now, was this number listed on the tweet accurate?
A. No.
Q. Why not?
A. For one, there is no FTT in the insurance fund. It's just the USD number. And, two, the number listed here does not match what was in the database.
Q. What do you mean, it doesn't match?
A. The number in the databases was a different number.
Q. Where did this number come from?
A. This comes from a page on the website that claims to show what was in the insurance fund, but it was actually calculated separately.
..
Q. So it's a fake number?
A. Yes.
...
Q. Was the real number higher or lower than the fake number?
A. Lower.
A. Yes. First, line 16 is saying what the name of this
function is. Line 17, it's getting the daily -- it's getting
the total volume of trades from the past 24 hours on FTX. Then in line 19 it's taking that number, multiplying it -- then multiplies that by a random number that's around 7500 and then dividing the result by a billion. That's a number that gets added to the number that shows up on the website.

[Adam Cochran (adamscochran.eth) @adamscochran]

1/6

Oh btw Huobi is probably insolvent again.

Claims to have $200M in ETH, defillama shows less than $113M even if you add in weth and steth.

Claims users hold $624M in USDT. But there is only $119M USDT in the exchange.

[Layah Heilpern @LayahHeilpern]

World's Top 10 #bitcoin holders:

1. Satoshi Nakomoto: 1.1 M bitcoin
2. Grayscale: 643,572
3. Binance: 498,147
4. Bitfinex: 192, 508
5. U.S. Government: 175,000
6. Microstrategy: 152,800
7. Block dot one: 140,000
8. OKX: 118,334
9. Robinhood: 118,300
10. Winklevoss: 70,000

11. Layah Heilpern: ** , *** ???

[Ruby Play Network @RubyPlayNetwork]

Go vote!!! 🎮

[Dusan @DusRPN]

@ValueJimmy @KobeissiLetter NZ median income is around 62k while a median house cost $780k in May 2023 after a slight drop. That’s 12.5x, so well over!

[The Kobeissi Letter @KobeissiLetter]

The most incredible part about housing affordability?

How much worse it is outside of the US.

In New Zealand, it costs 250% more to buy than rent.

In Canada, it costs 230% more to buy than rent.

In Australia, it costs 150% more to buy than rent.

In the UK, it costs 100% more to buy than rent.

Is affordability in the US really as bad as it seems?

[Ai Business Journal @ArchieIntel]

BREAKING‼️ FTX founder Sam Bankman-Fried jailed for tampering with evidence.