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Fastest Breaking Markets Updates Crypto • Finance • Technology • War
New court filings show SEC, Chair Gensler believed ethereum was a security for at least a year: Fox Business
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Reports suggest that the notorious threat actor, kiki88888, has potentially breached data from Coinbase and Binance. Compromised data may include email addresses, usernames, and passwords. However, security researcher Troy Hunt expressed significant skepticism, noting numerous instances where similar breaches attributed to Coinbase or Binance turned out to be false alarms.
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Major Controversy Surrounds ionet a project on solana
Martin Shkreli Alleges ionet Faking Many Metrics:
*Shkreli claims ionet's reported GPU counts wildly differ: 7k / 11k / 69k / 564k: link
*He think only 320 GPUs actually available to rent: "The rest aren't real if you can't use them"
*Alleges ionet founder 'Shadid' is a "scammer": link
*Also alleges ionet fakes number of likes and retweets on its posts: link
**from a prominent VC on ionet: link
Coinlist CEO: link
Martin is absolutely right to question this stuff
$IBIT spot Bitcoin ETF Flow: $0M
[BlackRock ETF sees no flow again]
Pantera Capital seeks to raise $1 billion for a new crypto fund, according to Bloomberg.
*The Pantera Fund V would be the company's second "all-in-one" fund to invest in startup equity, early-stage tokens, liquid tokens, and other assets.
CONSENSYS SUES SEC AND ASKS COURT TO STATE ETH IS NOT A SECURITY: link
*The SEC issued a Wells notice to ConsenSys, objecting to MetaMask's operation as an unlicensed broker dealer and its offering users a means to stake ETH on their behalf. The SEC is also investigating sales of ETH by ConsenSys.
*Consensys statement: link
CEO of 'Tools for Humanity', the company behind Worldcoin, hinted at a possible collaboration with OpenAI.
Worldcoin aiming to team up with some of the biggest names in tech - including OpenAI: BBG
$IBIT spot Bitcoin ETF Flow: $0M
[For the first time in 71 days since ETF trading started, BlackRock ETF saw no inflow]
Google Cloud launched Web3 portal.
https://cloud.google.com/application/web3/
JOE BIDEN'S RE-ELECTION CAMPAIGN PLANS TO CONTINUE USING TIKTOK- SPOKESMAN
[He just signed the bill to ban it, lmao]
JPMorgan CEO: Blockchain is real, we use it, but we’ve been talking about crypto for 10 years and not a whole lot has come of it.
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Arkham: On Thursday, GCR sent $1M of ETH to a new Binance deposit. This revealed some previously unknown accounts using the same deposit address.
These accounts:
-Hold $4.3M of TRUMP and $830K of OX
-Farmed Eigenlayer with $12M of ETH
-Ran a sniper bot on Friendtech under the (former) name ‘azukipunk112’
Link
BlackRock updated its bitcoin ETF prospectus with many new Authorized Participants including first-timers Citadel, Goldman Sachs, UBS, Citigroup: Eric Balchunas
[*Goldman Sachs u]
gm, here is our first newsletter, kind of.
*This covers What's Coming & What Happened in crypto/world.
*Enjoy/share any feedback.
⚠️ Warning: it's too long maybe but covers everything, you need to know to start the week.
https://open.substack.com/pub/infinityhedge/p/the-7-days
Australia’s top exchange expected to approve first spot-Bitcoin ETFs before the end of 2024: BBG
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Coinlist CEO shares skepticism regarding AI protocols: link
*Hard to do useful training on decentralized commodity hardware
*Inference on commodity hardware underperforms for critical use cases
*Hard to aggregate serious GPU supply to offer real businesses
*Software routing algorithms need to be "really really good" to handle spotty consumer operators
*Sees tough problems that "will take a very very long time to solve"
*Calls many of the bids in the space "memes"
Elon Musk's xAI is reportedly close to raising $6 billion at a valuation of $18 billion from investors.
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🌲GOOGLE BEAT EARNINGS:
*EPS $1.89, EST. $1.53
*REV. $80.54B, EST. $79.04B
*YOUTUBE ADS REV. $8.09B, EST. $7.73B
*UP 13% AFTER EARNINGS
*ANNOUNCES FIRST-EVER DIVIDEND OF 20 CENTS PER SHARE.
*BOARD OF DIRECTORS AUTHORIZED COMPANY TO BUYBACK UP TO AN ADDL $70B SHARES.
🌲MICROSOFT BEAT EARNINGS:
*EPS $2.94, EST. $2.83
*REV $61.90B, EST. $60.87B
*CLOUD REV. $35.1B, EST. $33.93B
*UP 4% AFTER EARNINGS
Stripe to start taking crypto payments, starting with $USDC: link
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SEC expected to deny spot ETH ETFs next month, sources to reuters.
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Founders Of Samourai Wallet Arrested And Charged With Money Laundering And Unlicensed Money Transmitting Offenses: link
*Samourai web servers, domain seized, and Samourai Wallet app to be removed from U.S. play Store.
75% of Karak TVL is comprised of EigenLayer LRTs + LRT Derivatives via Pendle: Kairos Research
A restaking platform secured by tokens securing another restaking platformЧитать полностью…
Tesla up 15%
*Tesla Earnings: Missed on EPS, Revenue and profits dropped 55%: link
Elon go brrr on Earnings Call:
*'More Affordable' Models Coming in Early 2025 or Sooner.
*Tesla should be thought of as an AI-robotics company.
*Tesla will have 85k H100 GPUs training AI by end of year.
*Share buybacks possible if company generates +ve cash flow.
*May be able to sell Optimus robot by end of next year.
*Robotaxis service coming
Update: Tesla will partner with Chinese tech giant Baidu for mapping and navigation functions to deploy what it calls Full-Self Driving: BBG
DO KWON AND TERRAFORM LABS FOUND LIABLE FOR FRAUD IN SEC TRIAL: BBG
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FTX’s Bankruptcy Estate Has Sold Locked Solana Tokens Worth About $1.6b At $64 Per Token To Firms Including Galaxy Trading And Pantera Capital: BBG
*Tokens will become available for sale gradually over four years.