Rangga

Lemme tell you somethin.

[Rangga @frontrunmaxxing]

@0xn4te sahur meet zapalloro

[Rangga @frontrunmaxxing]

theyre trying

[Rangga @frontrunmaxxing]

@schizodio you already telling me

[Rangga @frontrunmaxxing]

they did it again

[Rangga @frontrunmaxxing]

fucking psyop on chain

[Rangga @frontrunmaxxing]

just coming back and seeing big things

[Rangga @frontrunmaxxing]

BDZ527YA7XVdmP7jv48dR36chAnY8cFCjvsnG1ihpump
ohh this is undervalued
gamble

[Aviation Wire @Aviation_Wire]

羽田空港、空飛ぶペンギンの新グッズ　坂崎千春氏デザインの4アイテム #羽田空港
https://t.co/Htsz6ari9S

[Aviation Wire @Aviation_Wire]

羽田空港、空飛ぶペンギンの新グッズ　坂崎千春氏デザインの4アイテム #羽田空港
https://t.co/Htsz6ari9S

[Rangga @frontrunmaxxing]

@Aviation_Wire wattt

[CoinDesk @CoinDesk]

JUST IN: The SEC is preparing a framework that could allow trading of tokenized versions of stocks and other securities, per Bloomberg.

[Rangga @frontrunmaxxing]

@0xn4te SPCX things 😇

[Rangga @frontrunmaxxing]

@michaelterpin

[Rangga @frontrunmaxxing]

len sassman yes

[sgp @stogolp]

what the fuck???

[Rangga @frontrunmaxxing]

COMRADE

[Elon Musk @elonmusk]

@whyyoutouzhele 我的儿子正在学习普通话

[unusual_whales @unusual_whales]

Anthropic has said: "Any sale or transfer of Anthropic stock, or any interest in Anthropic stock, that has not been approved by our Board of Directors is void and will not be recognized on our books and records."

[Rangga @frontrunmaxxing]

its coming

[Yohei @yoheinakajima]

not sure what happens here, if you bought anthropic secondaries...

openai has a similar announcement: https://t.co/pYVGMmF51k

[_gabrielShapir0 @lex_node]

I am surprised more people are not paying attention to this update from Anthropic on its stock policy. This seems like a potential bombshell.

There is an active secondary market purportedly in Anthropic stock or derivatives including on fairly reputable (or at least well-known) platforms like Forge. Anthropic is calling them out *specifically*, by name, and essentially *saying* 100% of these are illegal.

Some may be frauds (people selling Anthropic stock or interests in Anthropic stock that they don't truly own), but more likely many are legit attempts at transferring Anthropic equity (directly, as SPV shares, or as some type of 'beneficial interest' or future, etc.)

Anthropic appears to be saying it will treat all these transfers as void. I don't have access to their terms, but it's very interesting to think what this could mean. Do the 'first purported sellers' in the chain potentially have an opportunity to do a double-dip? Does the first seller and all downstream buyers get the entire entitlement nuked?

Anthropic is threatening that--are they just bluffing? If they're not bluffing, what litigation is likely to ensue? This can get into really esoteric areas of corporate law that depend on exactly how the transfer restrictions are drafted as well as the language around how violations of transfer restrictions are treated--for example, if they are merely voidABLE then downstream buyers can assert various equitable claims/defenses, but if they are VOID ab initio then in some jurisdictions that forecloses equitable defenses.

[Andy @andyyy]

Imagine owning an Anthropic SPV at sub $100B valuation, sitting on a juicy 10-20x on IPO, and you come to find out your shares are fraudulent and you own nothing.

Yikes