@mooarofficial Is there any way to use Mooar with a Ledger through Phantom, SolFlare, etc? I receive an error mentioning that Ledger isn't allowed to sign arbitrary messages :(
We're rolling out new features and improvements that developers have been asking for:
1. Our new model GPT-4 Turbo supports 128K context and has fresher knowledge than GPT-4. Its input and output tokens are respectively 3× and 2× less expensive than GPT-4. It’s available now to all developers in preview.
2. Assistants API and new tools (Retrieval, Code Interpreter) will help developers build world-class AI assistants within their own apps.
3. The platform is becoming multimodal. GPT-4 Turbo with Vision, DALL·E 3, and text-to-speech are all now available to developers.
Oh… and we’re doubling GPT-4 rate limits. https://t.co/BMnsBAHorI
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.
@dylanleclair Yes, partially. I believe it was only US holders who had access to their "Custody Program", outside of the US & assets within their Earn Program are still screwed.
Here are the eligibility requirements sent directly from Celsius:
@dylanleclair Thanks for alarming the community about Celsius a while back. Listened to your advice and transfered my assets out of their earn program (into custody) 1 day before closing. Today I was finally able to fully withdrawal from the platform. You saved me.
Why is this story so important? It shows:
1) unelected government officials have huge power to pursue dangerous agendas.
2) rather than holding them accountable, corporate media cover for them.
3) tech censorship ends up promoting rather than suppressing “disinformation.”