1. Hyperliquid allowed 50x leverage on ETH
2. Somebody opens long
3. Copy-traders pile up because it is Mr Big Whale
4. Price moves - HLP vaults run proprietary internal market making algorithm for Hyperliquid
5. Mr Whale removed their margin and were then liquidated by HLP at a loss
6. This eats into HLP MM reserves, wipes out 30 days
7. Hyperliquid announces no more 50x leverage
So wait wait wait , the founder of DeepSeek is basically the Jim Simons of China and was doing this LLM thing only as a side project and for $6M was able to dethrone every AI company in the world.
We are so cooked LOL
Superb @reason mini-doc that uses a Brooklyn bathhouse powered by Bitcoin mining to tell a much bigger story about the future of energy
Watch this if you don’t quite grasp how Bitcoin is going to revolutionize heating and power worldwide
♻️ 🌊 ☀️ 🌋 ☢️
https://t.co/gUKmu1p1u2
Top Hedge Fund returns over the last 3 years.
It's important to note that Hedge Funds are not looking for the best absolute returns.
But rather, they are looking for returns per unit of risk.
Source: Ken Shih
Michael Platt of BlueCrest on what he looks for in traders:
"The type who gets up at 7am Sunday morning in London when his kids are still in bed, and logs onto a poker site so that he can pick off the US drunks coming home on Saturday night."
We are proud to reveal that The Bitcoin Standard is coming to Slovenia! We will publish a Slovenian translation of this legendary book.
You are welcome to join us for the book launch:
https://t.co/o0yMjUfuUM
#bitcoin#bitcoinstandard#Ljubljana#Slovenia
At the event we will be joined by the author Dr. Saifedean Ammous via live video call, guest speakers Luka Gubo, Peter Opara, Andrej P. Škraba, host Klemen Selakovič.
@saifedean@oparex@SkrabaAndrej@LukaGubo@klemenselakovic