Very grateful to @ISAKOS for the opportunity to share our findings yesterday — and a big thank you to @SDMartinMD and the rest of the team for their mentorship and support!
A relatively unknown player in the @CurveFinance ecosystem is @ConicFinance
Conic introduces the use of #omnipools to give liquidity providers exposure to multiple Curve pools
Lets dive into more about how omnipools work, and what we might expect from Conic in the future
It’s painful for me to watch so many smart pundits and politicians on both the right and the left buy into a media narrative that seeks to blame “wealthy speculators” or “tech bros” or VCs for a banking crisis that ultimately started in Washington. Let me explain. 🧵
🏦📉 SVB Crash Explained📉🏦
Silicon Valley Bank—#16 largest US bank with $212B — just crashed 60% in 1 day & fell 22% post-close. Stock halted now.
@BillAckman is calling a US gov bailout.
@peterthiel is calling a bank run.
JPM, BAC, WFC all dropped 6%.
What's next?
Is this (a) Lehman moment or (b) overblown?
Are depositors screwed or just equity investors?
And what do the terms "AFS", "HTM", "NII", & "FDIC Insurance" actually mean?
👇THREAD ON SVB
🧵/
1) 🗣 THIS ONE TRICK THAT THE IRS DOESN'T WANT YOU TO KNOW: USE GOD AS A TAX LOOPHOLE 🗣
One hedge fund has grown from $1B to $128B in 45 years while paying $0 in taxes.
It's not on Wall Street or Silicon Valley. It's in Utah.
The Mormon Church.
Check this out.
Maybe that’s why the @nytimes and the rest of the left is basically giving this guy a victory lap for one of the great financial crimes of the the century?
Alright... the FTX Debacle
This is so much bigger than #FTX and @SBF_FTX.
Sure, it's one of the biggest political, regulatory and financial breakdowns of this Cycle.
But the bigger story is right under our nose.
This requires a thread. 🧵
This is crazy:
Elizabeth Warren is known for being the anti-crypto Senator
Who helped her draft her tax legislation in 2016?
None other than Joseph (Joe) Bankman, the father of SBF
https://t.co/QMYkC2gpE9
$600 Billion: What Lehman Brothers held in assets when they crashed and took the economy with them.
$2800 Billion: What Credit Suisse and Deutsche Bank control in AUM. 4.6x more.
Credit Suisse is at a 'Critical Moment' now, says the CEO.
What lies in store for the world?🧵