Bosen

Data Scientist @ Coinbase

[Coinbase Singapore 🛡️ @CoinbaseSG]

This Chinese New Year, we're giving you the gift of prosperity 🧧

Receive an S$88 Bitcoin Ang Bao on your first crypto purchase of S$88+.

Plus, share the joy and earn an extra S$88 Bitcoin for every successful referral to Coinbase!

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[Coinbase Singapore 🛡️ @CoinbaseSG]

Today, history was made.

[Coinbase Singapore 🛡️ @CoinbaseSG]

Something fluffy from @PudgySG has taken over our office 🐧

[Coinbase Singapore 🛡️ @CoinbaseSG]

Meet our upgraded referral program.

For a limited time, earn 50% commission on your referrals' trading fees.

Invite them to sign up and trade by Sep 30, 2024 to earn this commission for 90 days.

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[Sumanth @Sumanth_077]

K Nearest Neighbors(KNN) implemented from scratch in Python:

Here is the step by step explanation with code.

[Sumanth @Sumanth_077]

Neural Network implemented from scratch in Python🔥

Here is the step by step explanation with code.

Thread🧵👇

[Jamie Quint @jamiequint]

An explainer on what is going on with Silicon Valley Bank:

- In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021.

- As deposits grew, SVB could not grow their loan book fast enough to generate the yield they wanted to see on this capital. As a result, they purchased a large amount (over $80bn!) in mortgage backed securities (MBS) with these deposits for their hold-to-maturity (HTM) portfolio.

- 97% of these MBS were 10+ year duration, with a weighted average yield of 1.56%.

- The issue is that as the Fed raised interest rates in 2022 and continued to do so through 2023, the value of SVB’s MBS plummeted. This is because investors can now purchase long-duration "risk-free" bonds from the Fed at a 2.5x higher yield.

- This is not a liquidity issue as long as SVB maintains their deposits, since these securities will pay out more than they cost eventually.

- However, yesterday afternoon, SVB announced that they had sold $21bn of their Available For Sale (AFS) securities at a $1.8bn loss, and were raising another $2.25bn in equity and debt. This came as a surprise to investors, who were under the impression that SVB had enough liquidity to avoid selling their AFS portfolio.

[Bosen @bosen_xia]

@mrjasonchoi How do you know that you've recovered the FTX losses?

[Bosen @bosen_xia]

@bitcoinarchive Binance does not need to buy FTX to achieve +80% market share. If FTX fails, its customers will naturally go to other exchanges, most naturally of which is Binance.

Also even if Binance buys and saves FTX, there is no guarantee that the original FTX customers would go back.

[kram @kramnotmark]

My data stack for crypto stuff:

* ethereum usage @DuneAnalytics
* dApp revenue @tokenterminal
* TVL @DefiLlama
* dApp usage @DappRadar
* token prices YTD @CryptoRank_io
* DAO activity @DeepDAO_io
* crypto web traffic @TheBlock__
* NFT performance @cryptoslamio

1/2

[Bosen @bosen_xia]

@iamtomnash After Steph curry

[Bosen @bosen_xia]

@joinrepublic Singapore!

[Bosen @bosen_xia]

@AdamBombSquad @thehundreds @AdamBombSquad @thehundreds @bobbyhundreds would appreciate a response on this. I am essentially locked out of the community now despite being a multiple ABS owner which kinda sucks. Thanks!

[Bosen @bosen_xia]

@AdamBombSquad @thehundreds The discord link in Linktree doesn't work. It says 'unable to accept invite'. Similar to the above comments - I've not been seeing ABS channel in dischord after it was hacked earlier

[Bosen @bosen_xia]

@AdamBombSquad @thehundreds @bobbyhundreds @thehundreds @AdamBombSquad following up on this, thanks!

[Bosen @bosen_xia]

@bobbyhundreds Hi, I still can't join the discord channel... the invite link doesn't work. The channel disappeared in my discord after it was hacked earlier this month. Would love to get the clothing 😅

[Bosen @bosen_xia]

@AdamBombSquad @bobbyhundreds Hi, I still can't join the discord channel... the invite link doesn't work. The channel disappeared in my discord after it was hacked earlier this month

[Bosen @bosen_xia]

@RTFKTstudios @Zaptio @benitopagotto @clegfx @FortuneApes @ApeDetective @RajendranSP7

[Bosen @bosen_xia]

@bobbyhundreds Would like to chat when you are here! I'm a multiple ABS holder in Singapore and used to work in the crypto space here :)

[Bosen @bosen_xia]

@AdamBombSquad Is it possible to extend the deadline a bit? Many from Asia time zone might have missed it