NaN

Traders' interlocutor

[Bitcoin Archive @BitcoinArchive]

NEW: BlackRock’s #Bitcoin ETF breaks $10 Billion in just 7 weeks.

The fastest ever for an ETF.

It took the Gold ETF $GLD 3 years to reach $10b in assets.

[Mario Nawfal @MarioNawfal]

🚨BREAKING: ELON MUSK SUES OPENAI OVER AI THREAT

ELON IN SUIT:

"OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft.

Under its new board, it is not just developing but is actually refining an AGI to maximize profits for Microsoft, rather than for the benefit of humanity.

Contrary to the Founding Agreement, Defendants have chosen to use GPT-4 not for the benefit of humanity, but as proprietary technology to maximize profits for literally the largest company in the world.

OpenAI, Inc.’s once carefully crafted non-profit structure was replaced by a purely profit-driven CEO and a Board with inferior technical expertise in AGI and AI public policy. The board now has an observer seat reserved solely for Microsoft."

Source: Courthouse News

[Simply Bitcoin @SimplyBitcoin]

Andreas Antonopoulos on 51% #Bitcoin Attack.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 $9 trillion asset manager BlackRock registers Ethereum Trust in Delaware.

[Altcoin Daily @AltcoinDaily]

Do you think Hal Finney is Satoshi Nakamoto? #bitcoin

[NaN @interlocutrader]

@AltcoinDailyio Yes

[pashov @pashov]

The new Paypal USD stablecoin has an "assetProtection" role which can wipe your balance in two transactions (first `freeze`, then `wipeFrozenAddress`)

In smart contract security we call this a "centralisation attack vector"

[Jetski Grizzly @Jetskigrizzly]

Still the greatest to ever do it. John McAfee's resume is absolutely insane 🤯

[Altcoin Daily @AltcoinDaily]

Gary Gensler is claiming that Richard Heart used at least $12 million of $HEX & $PLS ICO money to buy luxury goods for himself.

[Autism Capital 🧩 @AutismCapital]

Curve Hack, Liquidations, DeFi, and Contagion Spiral
Dropping The Soap (Curve Edition) 🧵

Several months ago, the Russian founder of Curve, Michael Egorov, took out a $100m loan on AAVE to purchase this ultra tasteful (🤮) house in Australia. He used $280M of CRV (at the time) as collateral for this loan.

Unfortunately for Michael, Curve was hacked two days ago.

The hacker made off with millions of dollars. Bad, right? This was just the beginning of Michael’s troubles.

The hacker has about 7 million CRV in his wallet, which, by itself, wouldn’t be a problem - there’s enough liquidity in the markets to handle a 7m CRV market sell.

The REAL problem is that everybody knows Michael’s in trouble, and this is creating a reflexive feedback loop of dumping as people stop hunt Michael’s CRV position.

CRV is currently dumping like a shitcoin that’s getting text messages from Gary Gensler.

Stop hunting isn’t the only issue though - as @Delphi_Digital astutely points out here:

https://t.co/KF4uVTBLza

The APY on Michael’s Fraxlend position is doubling every 12 hours. This means that he’ll be liquidated in a few days if nothing changes and 59 million CRV will be dumped on-chain. There isn’t nearly enough liquidity to handle a 59m market dump, but this would STILL just be the beginning of the fun.

If Michael gets liquidated by Fraxlend, all of his other debt positions will be liquidated too.

This likely means Inverse Finance (INV) and Magic Internet Money (MIM) will both die due to the new bad debt, and Aave will get stuck with $63m of bad debt.

This means they’ll have to sell $63m of Aave on the open market to pay it off. Fortunately, Aave’s safety fund is currently around $330m, which is more than enough to pay off the bad debt even with market slippage.

Michael’s position can be viewed here: https://t.co/1JmsyQVcmN

In the last 12 hours alone, he’s lost $50m due to CRV’s declining price.

Michael’s liquidation prices for CRV are approximately $0.38-$0.40

As of the time of this tweet, CRV is currently trading at $0.50.

A week ago, it was worth $0.72.

In one sense, this is proof that DeFi works as intended. There are no special rules or bailouts, no matter who you are. It’s a brutal free market governed by math and code.

In another sense, it’s a black eye for the industry at exactly the wrong time, and could easily set us back by months/years as skeptical boomers who were thinking of dipping their toes back into the DeFi waters get scared off by its Wild West nature.

Either way, 🍿

[NaN @interlocutrader]

@iluminatibot @SaveVidBot

[Preston Pysh @PrestonPysh]

I'm sorry, but after watching, Blackrock, Fidelity, Citadel, Schwab and now Deutsche Bank, all apply for #Bitcoin ETFs, spot exchanges, etc. only a few days after the SEC drops a TRO on Binance and sues Coinbase... how can't you think this entire past year was a giant inside job coordinated between the Wall Street parasites & government regulators so they could catch-up...

[MetaLawMan @MetaLawMan]

BREAKING: SEC sues @Coinbase

The SEC alleges that Coinbase has acted as an illegal unregistered securities exchange since 2019.

But,

In April of 2021, the SEC approved Coinbase going public with a listing on NASDAQ.

And,

In May of 2021, SEC Chairman Gary Gensler testified before Congress that, under current law, the SEC has NO REGULATORY AUTHORITY over crypto exchanges.

The SEC should lose this case.

[illuminatibot @iluminatibot]

Let's not forget John McAfee folks.

[Documenting ₿itcoin 📄 @DocumentingBTC]

₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: President of the Texas energy grid says, "#Bitcoin mining is helping build more renewable energy"

"#Bitcoin mining lowers energy bills"

[Paulo @TycoonPal]

You are telling me Do Kwon got arrested

& they found a hardware wallet inside his body?

[Documenting ₿itcoin 📄 @DocumentingBTC]

A unique way to chart the price of #bitcoin

[Tyler Strejilevich @TylerSCrypto]

🚨BREAKING!!!!!

@GOPMajorityWhip TORCHING Gary Gensler and highlighting his and the SEC's complete and utter failure to protect ANY retail investors whatsoever

And lack of regulatory clarity + hostile enforcement against crypto in the US is pushing innovation offshores including but not limited to China

Gensler should be removed immediately.

#crypto #BTC

[NaN @interlocutrader]

The growth rate of chatGPT visualized