SPC priv/acc

RootX, the asset accumulating X-chainge. Soon™️

[SPC priv/acc @_SPCR_]

@marcrebillet Lmfao 😹

[SPC priv/acc @_SPCR_]

@btc_charlie A94pm5kGT7Cho4S6Ac1Uq4fgNcXoVRfoCCX7vXDMivnj

[SPC priv/acc @_SPCR_]

@asparagoid It’s a mad world, coach

[No context Hazz ⛩ @HazzimIO]

No comments.

[SPC priv/acc @_SPCR_]

@jackzampolin Awesome setup! Thanks :)

[SPC priv/acc @_SPCR_]

@PopPunkOnChain @pumpcade Pumpcade

[Erik Voorhees @ErikVoorhees]

Venice now at 100 billion daily tokens

[SPC priv/acc @_SPCR_]

@jackzampolin @taewan_02 If you don’t mind sharing your specs that’d be highly appreciated!

[SPC priv/acc @_SPCR_]

@bourscheid @ErikVoorhees Dude is right tho

[SPC priv/acc @_SPCR_]

@stacy_muur @vultisig this one no seed phrases by design, no single point of failure

[SPC priv/acc @_SPCR_]

@Pact_Swap You prolly never heard of @Chainflip
Best rates ever on any swap size, the beauty of JIT AMM

[SPC priv/acc @_SPCR_]

who would’ve thought 😂

[Bull Theory @BullTheoryio]

🚨Michael Burry just said Elon Musk and Nvidia's deal is built on fake numbers.

Burry published a detailed breakdown calling the entire structure "Fugazi", his word for fake.

He is alleging that billions of dollars in Nvidia chips are being hidden off balance sheets, and that American retirees are unknowingly funding the whole thing.

Nvidia, the world's largest AI chip company sold $5.4 billion worth of its most advanced GPUs, the GB200, to a company called Valor.

Valor is not a real operating business. It is a special purpose vehicle, a shell company created specifically to hold these chips and nothing else. Nvidia also invested $1.9 billion of its own money directly into Valor on top of the sale.

Those 100,000+ chips are now physically inside xAI's data center. xAI is Elon Musk's artificial intelligence company, the one that builds Grok. xAI is using every single one of those chips right now to run its AI models.

But here is what Burry is flagging.

Neither Nvidia nor xAI owns those chips on paper. Valor, the shell company holds legal title. That means $5.4 billion in GPU assets do not show up on Nvidia's balance sheet as inventory.

They do not show up on xAI's balance sheet as assets. They are legally invisible to both companies.

Nvidia gets to book the $5.4 billion as a completed sale and record it as revenue. xAI gets full use of the chips without owning them. And the risk disappears into a shell company in the middle.

Now here is where American retirees enter the picture.

Valor needed $3.5 billion in debt to fund this structure. Apollo provided it. Apollo is one of the largest asset managers on earth with $1.03 trillion under management and $834 billion specifically in private credit.

Apollo raised the $3.5 billion, packaged it into debt securities, and sold those securities to Athene.

Athene is Apollo's own insurance company. It sells fixed and indexed annuities, retirement savings products, to ordinary Americans.

When a retiree buys an Athene annuity, they believe their money is sitting in safe, stable investments. That money is now inside a structure funding Elon Musk's AI data center.

The numbers inside Athene are most alarming.

Athene holds $74.2 billion in reserves. It has moved $217 billion in assets into a captive insurer based in Bermuda, meaning those assets sit outside normal US insurance regulation and oversight.

Of the entire portfolio, 34.7%, equal to $103 billion, is classified as Level 3 assets.

Level 3 is an accounting classification that means there is no observable market price for these assets. No outside party can independently verify what they are actually worth.

The leverage sitting on top of those unpriced assets is 16 times.

Burry's says:
Every step of this structure is technically legal and publicly disclosed. But the entire thing was deliberately engineered across 8 to 12 steps to move credit risk off balance sheets and away from any market pricing.

- Nvidia books the revenue.
- Apollo collects the fees.
- xAI gets the computing power.
- And retirees sitting at the bottom of a 16x leveraged Bermuda insurance structure, holding $103 billion in assets with no market price carry the risk without knowing it exists.

[SPC priv/acc @_SPCR_]

@PopPunkOnChain @Cloudflare Huge! Great project deserves an awesome cdn

[NEAR Protocol @NEARProtocol]

Privacy is defining the next generation of apps, both financial and agentic.

Privacy-first AI platform @AskVenice ($VVV) has 3M+ users and is growing fast. NEAR is the infrastructure making it possible, from private inference to confidential execution.

How NEAR powers Venice 🧵

[SPC priv/acc @_SPCR_]

@UseVirio Yesss, LFG 🚀

[SPC priv/acc @_SPCR_]

Native!!! No bs
What are you waiting for, anon?

[CHAINFLIP @Chainflip]

BTC Boost stands at 25.84% APY right now.

Supply BTC liquidity to the boost pool, earn yield every time a swap gets fast finality on Bitcoin.

Native BTC in, native BTC out.

[SPC priv/acc @_SPCR_]

@windscribecom LOL, those larpers are normal for the space unfortunately. Stay strong guys and if the sh i t is about to hit the fan move to another jurisdiction perhaps Switzerland we’d love to welcome you =)

[SPC priv/acc @_SPCR_]

@solomonneas @ClaudeDevs Same here :/

[SPC priv/acc @_SPCR_]

@AlexFinn Lulz guy‘s reading always some 22-24k lines of code to enlighten us, good engagement farming fr :)

[SPC priv/acc @_SPCR_]

@austingriffith Lmao