Bye, bye SAB 121! It's not been fun: SEC.gov | Staff Accounting Bulletin No. 122

All of that said, I don’t worry too too much about equity value in NVIDIA/AI datacenter companies (although I have massive bag bias here, am invested in several of the largest AI datacenters cos). Why? When a commodity gets cheaper, and it looks like even disregarding DS’ claims

Noticing a trend that important projects have perps on Hyperliquid before anywhere else Informed traders can no longer afford to stay on CEXs

It's becoming clearer and clearer that we're looking at a seismic shift in the US's relationship with the world, between: 1) The US dismantling its foreign interference apparatuses (like USAID 👇) 2) Marco Rubio stating that we're now in a multipolar world with "multi-great

To be clear, what the Department of Government Efficiency team and Treasury Department have jointly agreed makes sense is the following: - Require that all outgoing government payments have a payment categorization code, which is necessary in order to pass financial audits. This is frequently left blank, making

Amanda is out of her depth. Which makes sense, as she was SEC and not a bank regulator. Let's run through the crypto-focused banks to see if she has a point: - Silvergate: b2b. did not serve retail depositors. no "chargeback" risk from consumer fraud etc. - Signature:

you wanna talk about Silvergate? this is like the villain returning to the scene of the crime

It’s in McDonald’s hands now, perhaps it always was.

It is starting to get pretty weird.

they said no capital gains on crypto. they didn't say how.

Lol

Lost the plot.

What a run.

Never underestimate the heart of a champion. Congrats John Ho.

Impressive.

I'm just gonna say this much about the Aave situation, something I have repeated in many other contexs: token/equity dual structures are fundamentally unworkable. Not just hard to structure, but fundamentally broken. Investing in businesses inherently requires trust in the

The Emperor is overjoyed to announce the appointment of Marcus Rubius as the Provincial Governor of Venezuela and has decreed six days of games in his honor