Chip Butty boosted
Jon S. von Tetzchner
@jon@social.vivaldi.net  ·  activity timestamp 3 weeks ago
David Gerard and 3 others boosted
⚯ Michel de Cryptadamus ⚯
@cryptadamist@universeodon.com  ·  activity timestamp 2 weeks ago
Abbreviations Used Frequently In These Chats ┏━━━━━━━━━━━━━━━━━━━━━┳━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━┓ ┃ Abbreviation ┃ Translation ┃ ┡━━━━━━━━━━━━━━━━━━━━━╇━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━┩ │ AD │ Abu Dhabi │ │ Barak │ Ehud Barak (Former Israeli prime minister) │ │ Barrack │ Tom Barrack │ │ BG │ Bill Gates │ │ Bill │ Bill Gates │ │ Brock │ Brock Pierce │ │ DB │ Deutsche Bank (maybe??) │ │ HBJ │ Hamad bin Jassim (Former Qatari prime minister) │ │ Jabor │ "an influential man in Qatar" │ │ Jagland │ Thorbjørn Jagland │ │ Jeffrey Wernick │ Right wing crypto bro │ │ Hoffenberg │ Steven Hoffenberg (Epstein's ponzi scheme partner) │ │ KSA │ Kingdom of Saudi Arabia │ │ Kwok │ Chinese criminal Miles Kwok AKA Miles Guo AKA Guo Wengui │ │ Mapp │ Kenneth E. Mapp (VI Governor) │ │ Masa │ Masayoshi Son (Softbank) │ │ MBS │ Mohammed bin Salman Al Saud (Saudi ruler) │ │ MBZ │ Mohamed bin Zayed Al Nahyan (Emirates sheikh) │ │ Jared │ Jared Kushner │ │ Miro │ Miroslav Lajčák │ │ Mooch │ Anthony 'The Mooch' Scaramucci (Skybridge crypto bro) │ │ Terje │ Terje Rød-Larsen │ │ Woody │ Woody Allen │ │ Zug │ City in Switzerland (crypto hub)
Abbreviations Used Frequently In These Chats ┏━━━━━━━━━━━━━━━━━━━━━┳━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━┓ ┃ Abbreviation ┃ Translation ┃ ┡━━━━━━━━━━━━━━━━━━━━━╇━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━┩ │ AD │ Abu Dhabi │ │ Barak │ Ehud Barak (Former Israeli prime minister) │ │ Barrack │ Tom Barrack │ │ BG │ Bill Gates │ │ Bill │ Bill Gates │ │ Brock │ Brock Pierce │ │ DB │ Deutsche Bank (maybe??) │ │ HBJ │ Hamad bin Jassim (Former Qatari prime minister) │ │ Jabor │ "an influential man in Qatar" │ │ Jagland │ Thorbjørn Jagland │ │ Jeffrey Wernick │ Right wing crypto bro │ │ Hoffenberg │ Steven Hoffenberg (Epstein's ponzi scheme partner) │ │ KSA │ Kingdom of Saudi Arabia │ │ Kwok │ Chinese criminal Miles Kwok AKA Miles Guo AKA Guo Wengui │ │ Mapp │ Kenneth E. Mapp (VI Governor) │ │ Masa │ Masayoshi Son (Softbank) │ │ MBS │ Mohammed bin Salman Al Saud (Saudi ruler) │ │ MBZ │ Mohamed bin Zayed Al Nahyan (Emirates sheikh) │ │ Jared │ Jared Kushner │ │ Miro │ Miroslav Lajčák │ │ Mooch │ Anthony 'The Mooch' Scaramucci (Skybridge crypto bro) │ │ Terje │ Terje Rød-Larsen │ │ Woody │ Woody Allen │ │ Zug │ City in Switzerland (crypto hub)
Abbreviations Used Frequently In These Chats ┏━━━━━━━━━━━━━━━━━━━━━┳━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━┓ ┃ Abbreviation ┃ Translation ┃ ┡━━━━━━━━━━━━━━━━━━━━━╇━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━┩ │ AD │ Abu Dhabi │ │ Barak │ Ehud Barak (Former Israeli prime minister) │ │ Barrack │ Tom Barrack │ │ BG │ Bill Gates │ │ Bill │ Bill Gates │ │ Brock │ Brock Pierce │ │ DB │ Deutsche Bank (maybe??) │ │ HBJ │ Hamad bin Jassim (Former Qatari prime minister) │ │ Jabor │ "an influential man in Qatar" │ │ Jagland │ Thorbjørn Jagland │ │ Jeffrey Wernick │ Right wing crypto bro │ │ Hoffenberg │ Steven Hoffenberg (Epstein's ponzi scheme partner) │ │ KSA │ Kingdom of Saudi Arabia │ │ Kwok │ Chinese criminal Miles Kwok AKA Miles Guo AKA Guo Wengui │ │ Mapp │ Kenneth E. Mapp (VI Governor) │ │ Masa │ Masayoshi Son (Softbank) │ │ MBS │ Mohammed bin Salman Al Saud (Saudi ruler) │ │ MBZ │ Mohamed bin Zayed Al Nahyan (Emirates sheikh) │ │ Jared │ Jared Kushner │ │ Miro │ Miroslav Lajčák │ │ Mooch │ Anthony 'The Mooch' Scaramucci (Skybridge crypto bro) │ │ Terje │ Terje Rød-Larsen │ │ Woody │ Woody Allen │ │ Zug │ City in Switzerland (crypto hub)
[06/18/19 06:28:46 AM] Epstein: How dare you refer to your sweetheart by such a phrase. Shame on you , boy I've been having fun with this [06/18/19 06:29:18 AM] Epstein: If I were you. Id sign that dollar quickly. As the interest expense is getting very very high [06/18/19 06:30:37 AM] Epstein: All I need to say. Is " its so beautiful - he shares the same view of you " and Lucifer will look like mother Theresa [06/18/19 06:32:24 AM] Epstein: Do you think when she wakes up in the morning she looks a little like Donald [06/18/19 06:32:35 AM] Epstein: Sam jowls [06/18/19 06:32:39 AM] Epstein: Same [06/18/19 06:33:39 AM] __________________: Scary [06/18/19 06:33:47 AM] Bannon (?): Too much coke [06/18/19 06:37:46 AM] Epstein: Too much ugly [06/18/19 06:37:57 AM] Epstein: Miro ? [06/18/19 06:38:15 AM] Epstein: Im meeting council of Europe head thurs. to push [06/18/19 11:18:08 AM] Bannon (?): Working miro [06/18/19 12:22:42 PM] Bannon (?): Shanahan blown up by CCP [06/18/19 12:30:15 PM] Bannon (?): Did you watch Chernobyl yet??? [06/18/19 12:31:11 PM] Bannon (?): Have you read 'in the closet of the Vatican ' yet [06/18/19 12:32:48 PM] Epstein: Yes no yes [06/18/19 12:33:21 PM] Epstein: June 26 for chernobyl [06/18/19 12:39:54 PM] Bannon (?): Dude-- I thought u were global player-- sean will get to u [06/18/19 12:39:57 PM] Bannon (?): Today [06/18/19 12:40:50 PM] Bannon (?): You are now exec producer of 'ITCOTV' [06/18/19 12:41:20 PM] Epstein: Porn
[06/18/19 06:28:46 AM] Epstein: How dare you refer to your sweetheart by such a phrase. Shame on you , boy I've been having fun with this [06/18/19 06:29:18 AM] Epstein: If I were you. Id sign that dollar quickly. As the interest expense is getting very very high [06/18/19 06:30:37 AM] Epstein: All I need to say. Is " its so beautiful - he shares the same view of you " and Lucifer will look like mother Theresa [06/18/19 06:32:24 AM] Epstein: Do you think when she wakes up in the morning she looks a little like Donald [06/18/19 06:32:35 AM] Epstein: Sam jowls [06/18/19 06:32:39 AM] Epstein: Same [06/18/19 06:33:39 AM] __________________: Scary [06/18/19 06:33:47 AM] Bannon (?): Too much coke [06/18/19 06:37:46 AM] Epstein: Too much ugly [06/18/19 06:37:57 AM] Epstein: Miro ? [06/18/19 06:38:15 AM] Epstein: Im meeting council of Europe head thurs. to push [06/18/19 11:18:08 AM] Bannon (?): Working miro [06/18/19 12:22:42 PM] Bannon (?): Shanahan blown up by CCP [06/18/19 12:30:15 PM] Bannon (?): Did you watch Chernobyl yet??? [06/18/19 12:31:11 PM] Bannon (?): Have you read 'in the closet of the Vatican ' yet [06/18/19 12:32:48 PM] Epstein: Yes no yes [06/18/19 12:33:21 PM] Epstein: June 26 for chernobyl [06/18/19 12:39:54 PM] Bannon (?): Dude-- I thought u were global player-- sean will get to u [06/18/19 12:39:57 PM] Bannon (?): Today [06/18/19 12:40:50 PM] Bannon (?): You are now exec producer of 'ITCOTV' [06/18/19 12:41:20 PM] Epstein: Porn
[06/18/19 06:28:46 AM] Epstein: How dare you refer to your sweetheart by such a phrase. Shame on you , boy I've been having fun with this [06/18/19 06:29:18 AM] Epstein: If I were you. Id sign that dollar quickly. As the interest expense is getting very very high [06/18/19 06:30:37 AM] Epstein: All I need to say. Is " its so beautiful - he shares the same view of you " and Lucifer will look like mother Theresa [06/18/19 06:32:24 AM] Epstein: Do you think when she wakes up in the morning she looks a little like Donald [06/18/19 06:32:35 AM] Epstein: Sam jowls [06/18/19 06:32:39 AM] Epstein: Same [06/18/19 06:33:39 AM] __________________: Scary [06/18/19 06:33:47 AM] Bannon (?): Too much coke [06/18/19 06:37:46 AM] Epstein: Too much ugly [06/18/19 06:37:57 AM] Epstein: Miro ? [06/18/19 06:38:15 AM] Epstein: Im meeting council of Europe head thurs. to push [06/18/19 11:18:08 AM] Bannon (?): Working miro [06/18/19 12:22:42 PM] Bannon (?): Shanahan blown up by CCP [06/18/19 12:30:15 PM] Bannon (?): Did you watch Chernobyl yet??? [06/18/19 12:31:11 PM] Bannon (?): Have you read 'in the closet of the Vatican ' yet [06/18/19 12:32:48 PM] Epstein: Yes no yes [06/18/19 12:33:21 PM] Epstein: June 26 for chernobyl [06/18/19 12:39:54 PM] Bannon (?): Dude-- I thought u were global player-- sean will get to u [06/18/19 12:39:57 PM] Bannon (?): Today [06/18/19 12:40:50 PM] Bannon (?): You are now exec producer of 'ITCOTV' [06/18/19 12:41:20 PM] Epstein: Porn
Travis F W boosted
Charlotte Aten
@caten@mathstodon.xyz  ·  activity timestamp 3 weeks ago
DirtyGadget@lemmy.sdf.org
@DirtyGadget@lemmy.sdf.org  ·  activity timestamp 2 weeks ago
Molly White
@molly0xfff@hachyderm.io  ·  activity timestamp 2 weeks ago
This is a scary trend, particularly for traders holding shares in firms that have relied on debt to accumulate their crypto hoards. If crypto prices fail to rally before that debt comes due, the firms could be forced to sell their crypto. Large forced sales, or forced sales across many DATCOs, can depress prices further, only exacerbating the problem. Researchers with Galaxy Digital have compared the potential “unwind” to the busting of the 1920s investment trust boom, writing:12 The 1920s investment trust boom followed a similar reflexive loop. Trusts traded at premiums to NAV, issued shares, and used the proceeds to buy more assets. When sentiment turned, those same mechanics amplified the downside. Collapsing premiums choked off access to capital while leverage magnified losses on falling assets. These cascading failures were an accelerant of the 1929 crash and subsequent Great Depression.
This is a scary trend, particularly for traders holding shares in firms that have relied on debt to accumulate their crypto hoards. If crypto prices fail to rally before that debt comes due, the firms could be forced to sell their crypto. Large forced sales, or forced sales across many DATCOs, can depress prices further, only exacerbating the problem. Researchers with Galaxy Digital have compared the potential “unwind” to the busting of the 1920s investment trust boom, writing:12 The 1920s investment trust boom followed a similar reflexive loop. Trusts traded at premiums to NAV, issued shares, and used the proceeds to buy more assets. When sentiment turned, those same mechanics amplified the downside. Collapsing premiums choked off access to capital while leverage magnified losses on falling assets. These cascading failures were an accelerant of the 1929 crash and subsequent Great Depression.
This is a scary trend, particularly for traders holding shares in firms that have relied on debt to accumulate their crypto hoards. If crypto prices fail to rally before that debt comes due, the firms could be forced to sell their crypto. Large forced sales, or forced sales across many DATCOs, can depress prices further, only exacerbating the problem. Researchers with Galaxy Digital have compared the potential “unwind” to the busting of the 1920s investment trust boom, writing:12 The 1920s investment trust boom followed a similar reflexive loop. Trusts traded at premiums to NAV, issued shares, and used the proceeds to buy more assets. When sentiment turned, those same mechanics amplified the downside. Collapsing premiums choked off access to capital while leverage magnified losses on falling assets. These cascading failures were an accelerant of the 1929 crash and subsequent Great Depression.
Molly White
@molly0xfff@hachyderm.io  ·  activity timestamp 2 weeks ago
ETHZilla, which up until August was a pharmaceutical research firm called 180 Life Sciences, sold around $40 million of its ETH treasury to try to bolster its plunging stock price.9 FG Nexus, which also launched an ETH treasury strategy only months ago, has sold nearly $33 million of its holdings for the same purpose.10 Sequans, a semiconductor company that established a bitcoin treasury in June, sold $100 million of its bitcoin to pay down its debt.11
ETHZilla, which up until August was a pharmaceutical research firm called 180 Life Sciences, sold around $40 million of its ETH treasury to try to bolster its plunging stock price.9 FG Nexus, which also launched an ETH treasury strategy only months ago, has sold nearly $33 million of its holdings for the same purpose.10 Sequans, a semiconductor company that established a bitcoin treasury in June, sold $100 million of its bitcoin to pay down its debt.11
ETHZilla, which up until August was a pharmaceutical research firm called 180 Life Sciences, sold around $40 million of its ETH treasury to try to bolster its plunging stock price.9 FG Nexus, which also launched an ETH treasury strategy only months ago, has sold nearly $33 million of its holdings for the same purpose.10 Sequans, a semiconductor company that established a bitcoin treasury in June, sold $100 million of its bitcoin to pay down its debt.11
Now, with two months of sinking crypto prices, some of these firms are beginning to look pretty shaky, and the warnings from Chanos and others seem prescient. Many DATCOs have flipped from trading at a premium to a discount, meaning shares trade for less than the value of the underlying digital asset. Nakamoto, a bitcoin treasury company that merged with the publicly traded KindlyMD earlier this year, has cratered by 98%. BitMine is down 77% since adopting its DAT strategy this past summer. The OG, MicroStrategy, is down 60%. (Nakamoto and BitMine are trading at a discount to the value of their treasury holdings; MicroStrategy still trades at a premium, though it has been narrowing.)
Now, with two months of sinking crypto prices, some of these firms are beginning to look pretty shaky, and the warnings from Chanos and others seem prescient. Many DATCOs have flipped from trading at a premium to a discount, meaning shares trade for less than the value of the underlying digital asset. Nakamoto, a bitcoin treasury company that merged with the publicly traded KindlyMD earlier this year, has cratered by 98%. BitMine is down 77% since adopting its DAT strategy this past summer. The OG, MicroStrategy, is down 60%. (Nakamoto and BitMine are trading at a discount to the value of their treasury holdings; MicroStrategy still trades at a premium, though it has been narrowing.)
Now, with two months of sinking crypto prices, some of these firms are beginning to look pretty shaky, and the warnings from Chanos and others seem prescient. Many DATCOs have flipped from trading at a premium to a discount, meaning shares trade for less than the value of the underlying digital asset. Nakamoto, a bitcoin treasury company that merged with the publicly traded KindlyMD earlier this year, has cratered by 98%. BitMine is down 77% since adopting its DAT strategy this past summer. The OG, MicroStrategy, is down 60%. (Nakamoto and BitMine are trading at a discount to the value of their treasury holdings; MicroStrategy still trades at a premium, though it has been narrowing.)
Molly White
@molly0xfff@hachyderm.io  ·  activity timestamp 2 weeks ago
⚯ Michel de Cryptadamus ⚯
@cryptadamist@universeodon.com  ·  activity timestamp 2 weeks ago
Abbreviations Used Frequently In These Chats ┏━━━━━━━━━━━━━━━━━━━━━┳━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━┓ ┃ Abbreviation ┃ Translation ┃ ┡━━━━━━━━━━━━━━━━━━━━━╇━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━┩ │ AD │ Abu Dhabi │ │ Barak │ Ehud Barak (Former Israeli prime minister) │ │ Barrack │ Tom Barrack │ │ BG │ Bill Gates │ │ Bill │ Bill Gates │ │ Brock │ Brock Pierce │ │ DB │ Deutsche Bank (maybe??) │ │ HBJ │ Hamad bin Jassim (Former Qatari prime minister) │ │ Jabor │ "an influential man in Qatar" │ │ Jagland │ Thorbjørn Jagland │ │ Jeffrey Wernick │ Right wing crypto bro │ │ Hoffenberg │ Steven Hoffenberg (Epstein's ponzi scheme partner) │ │ KSA │ Kingdom of Saudi Arabia │ │ Kwok │ Chinese criminal Miles Kwok AKA Miles Guo AKA Guo Wengui │ │ Mapp │ Kenneth E. Mapp (VI Governor) │ │ Masa │ Masayoshi Son (Softbank) │ │ MBS │ Mohammed bin Salman Al Saud (Saudi ruler) │ │ MBZ │ Mohamed bin Zayed Al Nahyan (Emirates sheikh) │ │ Jared │ Jared Kushner │ │ Miro │ Miroslav Lajčák │ │ Mooch │ Anthony 'The Mooch' Scaramucci (Skybridge crypto bro) │ │ Terje │ Terje Rød-Larsen │ │ Woody │ Woody Allen │ │ Zug │ City in Switzerland (crypto hub)
Abbreviations Used Frequently In These Chats ┏━━━━━━━━━━━━━━━━━━━━━┳━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━┓ ┃ Abbreviation ┃ Translation ┃ ┡━━━━━━━━━━━━━━━━━━━━━╇━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━┩ │ AD │ Abu Dhabi │ │ Barak │ Ehud Barak (Former Israeli prime minister) │ │ Barrack │ Tom Barrack │ │ BG │ Bill Gates │ │ Bill │ Bill Gates │ │ Brock │ Brock Pierce │ │ DB │ Deutsche Bank (maybe??) │ │ HBJ │ Hamad bin Jassim (Former Qatari prime minister) │ │ Jabor │ "an influential man in Qatar" │ │ Jagland │ Thorbjørn Jagland │ │ Jeffrey Wernick │ Right wing crypto bro │ │ Hoffenberg │ Steven Hoffenberg (Epstein's ponzi scheme partner) │ │ KSA │ Kingdom of Saudi Arabia │ │ Kwok │ Chinese criminal Miles Kwok AKA Miles Guo AKA Guo Wengui │ │ Mapp │ Kenneth E. Mapp (VI Governor) │ │ Masa │ Masayoshi Son (Softbank) │ │ MBS │ Mohammed bin Salman Al Saud (Saudi ruler) │ │ MBZ │ Mohamed bin Zayed Al Nahyan (Emirates sheikh) │ │ Jared │ Jared Kushner │ │ Miro │ Miroslav Lajčák │ │ Mooch │ Anthony 'The Mooch' Scaramucci (Skybridge crypto bro) │ │ Terje │ Terje Rød-Larsen │ │ Woody │ Woody Allen │ │ Zug │ City in Switzerland (crypto hub)
Abbreviations Used Frequently In These Chats ┏━━━━━━━━━━━━━━━━━━━━━┳━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━┓ ┃ Abbreviation ┃ Translation ┃ ┡━━━━━━━━━━━━━━━━━━━━━╇━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━┩ │ AD │ Abu Dhabi │ │ Barak │ Ehud Barak (Former Israeli prime minister) │ │ Barrack │ Tom Barrack │ │ BG │ Bill Gates │ │ Bill │ Bill Gates │ │ Brock │ Brock Pierce │ │ DB │ Deutsche Bank (maybe??) │ │ HBJ │ Hamad bin Jassim (Former Qatari prime minister) │ │ Jabor │ "an influential man in Qatar" │ │ Jagland │ Thorbjørn Jagland │ │ Jeffrey Wernick │ Right wing crypto bro │ │ Hoffenberg │ Steven Hoffenberg (Epstein's ponzi scheme partner) │ │ KSA │ Kingdom of Saudi Arabia │ │ Kwok │ Chinese criminal Miles Kwok AKA Miles Guo AKA Guo Wengui │ │ Mapp │ Kenneth E. Mapp (VI Governor) │ │ Masa │ Masayoshi Son (Softbank) │ │ MBS │ Mohammed bin Salman Al Saud (Saudi ruler) │ │ MBZ │ Mohamed bin Zayed Al Nahyan (Emirates sheikh) │ │ Jared │ Jared Kushner │ │ Miro │ Miroslav Lajčák │ │ Mooch │ Anthony 'The Mooch' Scaramucci (Skybridge crypto bro) │ │ Terje │ Terje Rød-Larsen │ │ Woody │ Woody Allen │ │ Zug │ City in Switzerland (crypto hub)
[06/18/19 06:28:46 AM] Epstein: How dare you refer to your sweetheart by such a phrase. Shame on you , boy I've been having fun with this [06/18/19 06:29:18 AM] Epstein: If I were you. Id sign that dollar quickly. As the interest expense is getting very very high [06/18/19 06:30:37 AM] Epstein: All I need to say. Is " its so beautiful - he shares the same view of you " and Lucifer will look like mother Theresa [06/18/19 06:32:24 AM] Epstein: Do you think when she wakes up in the morning she looks a little like Donald [06/18/19 06:32:35 AM] Epstein: Sam jowls [06/18/19 06:32:39 AM] Epstein: Same [06/18/19 06:33:39 AM] __________________: Scary [06/18/19 06:33:47 AM] Bannon (?): Too much coke [06/18/19 06:37:46 AM] Epstein: Too much ugly [06/18/19 06:37:57 AM] Epstein: Miro ? [06/18/19 06:38:15 AM] Epstein: Im meeting council of Europe head thurs. to push [06/18/19 11:18:08 AM] Bannon (?): Working miro [06/18/19 12:22:42 PM] Bannon (?): Shanahan blown up by CCP [06/18/19 12:30:15 PM] Bannon (?): Did you watch Chernobyl yet??? [06/18/19 12:31:11 PM] Bannon (?): Have you read 'in the closet of the Vatican ' yet [06/18/19 12:32:48 PM] Epstein: Yes no yes [06/18/19 12:33:21 PM] Epstein: June 26 for chernobyl [06/18/19 12:39:54 PM] Bannon (?): Dude-- I thought u were global player-- sean will get to u [06/18/19 12:39:57 PM] Bannon (?): Today [06/18/19 12:40:50 PM] Bannon (?): You are now exec producer of 'ITCOTV' [06/18/19 12:41:20 PM] Epstein: Porn
[06/18/19 06:28:46 AM] Epstein: How dare you refer to your sweetheart by such a phrase. Shame on you , boy I've been having fun with this [06/18/19 06:29:18 AM] Epstein: If I were you. Id sign that dollar quickly. As the interest expense is getting very very high [06/18/19 06:30:37 AM] Epstein: All I need to say. Is " its so beautiful - he shares the same view of you " and Lucifer will look like mother Theresa [06/18/19 06:32:24 AM] Epstein: Do you think when she wakes up in the morning she looks a little like Donald [06/18/19 06:32:35 AM] Epstein: Sam jowls [06/18/19 06:32:39 AM] Epstein: Same [06/18/19 06:33:39 AM] __________________: Scary [06/18/19 06:33:47 AM] Bannon (?): Too much coke [06/18/19 06:37:46 AM] Epstein: Too much ugly [06/18/19 06:37:57 AM] Epstein: Miro ? [06/18/19 06:38:15 AM] Epstein: Im meeting council of Europe head thurs. to push [06/18/19 11:18:08 AM] Bannon (?): Working miro [06/18/19 12:22:42 PM] Bannon (?): Shanahan blown up by CCP [06/18/19 12:30:15 PM] Bannon (?): Did you watch Chernobyl yet??? [06/18/19 12:31:11 PM] Bannon (?): Have you read 'in the closet of the Vatican ' yet [06/18/19 12:32:48 PM] Epstein: Yes no yes [06/18/19 12:33:21 PM] Epstein: June 26 for chernobyl [06/18/19 12:39:54 PM] Bannon (?): Dude-- I thought u were global player-- sean will get to u [06/18/19 12:39:57 PM] Bannon (?): Today [06/18/19 12:40:50 PM] Bannon (?): You are now exec producer of 'ITCOTV' [06/18/19 12:41:20 PM] Epstein: Porn
[06/18/19 06:28:46 AM] Epstein: How dare you refer to your sweetheart by such a phrase. Shame on you , boy I've been having fun with this [06/18/19 06:29:18 AM] Epstein: If I were you. Id sign that dollar quickly. As the interest expense is getting very very high [06/18/19 06:30:37 AM] Epstein: All I need to say. Is " its so beautiful - he shares the same view of you " and Lucifer will look like mother Theresa [06/18/19 06:32:24 AM] Epstein: Do you think when she wakes up in the morning she looks a little like Donald [06/18/19 06:32:35 AM] Epstein: Sam jowls [06/18/19 06:32:39 AM] Epstein: Same [06/18/19 06:33:39 AM] __________________: Scary [06/18/19 06:33:47 AM] Bannon (?): Too much coke [06/18/19 06:37:46 AM] Epstein: Too much ugly [06/18/19 06:37:57 AM] Epstein: Miro ? [06/18/19 06:38:15 AM] Epstein: Im meeting council of Europe head thurs. to push [06/18/19 11:18:08 AM] Bannon (?): Working miro [06/18/19 12:22:42 PM] Bannon (?): Shanahan blown up by CCP [06/18/19 12:30:15 PM] Bannon (?): Did you watch Chernobyl yet??? [06/18/19 12:31:11 PM] Bannon (?): Have you read 'in the closet of the Vatican ' yet [06/18/19 12:32:48 PM] Epstein: Yes no yes [06/18/19 12:33:21 PM] Epstein: June 26 for chernobyl [06/18/19 12:39:54 PM] Bannon (?): Dude-- I thought u were global player-- sean will get to u [06/18/19 12:39:57 PM] Bannon (?): Today [06/18/19 12:40:50 PM] Bannon (?): You are now exec producer of 'ITCOTV' [06/18/19 12:41:20 PM] Epstein: Porn
bhaugen boosted
William Lindsey :toad:
@wdlindsy@toad.social  ·  activity timestamp 2 weeks ago
Molly White
@molly0xfff@hachyderm.io  ·  activity timestamp 2 weeks ago
This is a scary trend, particularly for traders holding shares in firms that have relied on debt to accumulate their crypto hoards. If crypto prices fail to rally before that debt comes due, the firms could be forced to sell their crypto. Large forced sales, or forced sales across many DATCOs, can depress prices further, only exacerbating the problem. Researchers with Galaxy Digital have compared the potential “unwind” to the busting of the 1920s investment trust boom, writing:12 The 1920s investment trust boom followed a similar reflexive loop. Trusts traded at premiums to NAV, issued shares, and used the proceeds to buy more assets. When sentiment turned, those same mechanics amplified the downside. Collapsing premiums choked off access to capital while leverage magnified losses on falling assets. These cascading failures were an accelerant of the 1929 crash and subsequent Great Depression.
This is a scary trend, particularly for traders holding shares in firms that have relied on debt to accumulate their crypto hoards. If crypto prices fail to rally before that debt comes due, the firms could be forced to sell their crypto. Large forced sales, or forced sales across many DATCOs, can depress prices further, only exacerbating the problem. Researchers with Galaxy Digital have compared the potential “unwind” to the busting of the 1920s investment trust boom, writing:12 The 1920s investment trust boom followed a similar reflexive loop. Trusts traded at premiums to NAV, issued shares, and used the proceeds to buy more assets. When sentiment turned, those same mechanics amplified the downside. Collapsing premiums choked off access to capital while leverage magnified losses on falling assets. These cascading failures were an accelerant of the 1929 crash and subsequent Great Depression.
This is a scary trend, particularly for traders holding shares in firms that have relied on debt to accumulate their crypto hoards. If crypto prices fail to rally before that debt comes due, the firms could be forced to sell their crypto. Large forced sales, or forced sales across many DATCOs, can depress prices further, only exacerbating the problem. Researchers with Galaxy Digital have compared the potential “unwind” to the busting of the 1920s investment trust boom, writing:12 The 1920s investment trust boom followed a similar reflexive loop. Trusts traded at premiums to NAV, issued shares, and used the proceeds to buy more assets. When sentiment turned, those same mechanics amplified the downside. Collapsing premiums choked off access to capital while leverage magnified losses on falling assets. These cascading failures were an accelerant of the 1929 crash and subsequent Great Depression.
Molly White
@molly0xfff@hachyderm.io  ·  activity timestamp 2 weeks ago
ETHZilla, which up until August was a pharmaceutical research firm called 180 Life Sciences, sold around $40 million of its ETH treasury to try to bolster its plunging stock price.9 FG Nexus, which also launched an ETH treasury strategy only months ago, has sold nearly $33 million of its holdings for the same purpose.10 Sequans, a semiconductor company that established a bitcoin treasury in June, sold $100 million of its bitcoin to pay down its debt.11
ETHZilla, which up until August was a pharmaceutical research firm called 180 Life Sciences, sold around $40 million of its ETH treasury to try to bolster its plunging stock price.9 FG Nexus, which also launched an ETH treasury strategy only months ago, has sold nearly $33 million of its holdings for the same purpose.10 Sequans, a semiconductor company that established a bitcoin treasury in June, sold $100 million of its bitcoin to pay down its debt.11
ETHZilla, which up until August was a pharmaceutical research firm called 180 Life Sciences, sold around $40 million of its ETH treasury to try to bolster its plunging stock price.9 FG Nexus, which also launched an ETH treasury strategy only months ago, has sold nearly $33 million of its holdings for the same purpose.10 Sequans, a semiconductor company that established a bitcoin treasury in June, sold $100 million of its bitcoin to pay down its debt.11
Now, with two months of sinking crypto prices, some of these firms are beginning to look pretty shaky, and the warnings from Chanos and others seem prescient. Many DATCOs have flipped from trading at a premium to a discount, meaning shares trade for less than the value of the underlying digital asset. Nakamoto, a bitcoin treasury company that merged with the publicly traded KindlyMD earlier this year, has cratered by 98%. BitMine is down 77% since adopting its DAT strategy this past summer. The OG, MicroStrategy, is down 60%. (Nakamoto and BitMine are trading at a discount to the value of their treasury holdings; MicroStrategy still trades at a premium, though it has been narrowing.)
Now, with two months of sinking crypto prices, some of these firms are beginning to look pretty shaky, and the warnings from Chanos and others seem prescient. Many DATCOs have flipped from trading at a premium to a discount, meaning shares trade for less than the value of the underlying digital asset. Nakamoto, a bitcoin treasury company that merged with the publicly traded KindlyMD earlier this year, has cratered by 98%. BitMine is down 77% since adopting its DAT strategy this past summer. The OG, MicroStrategy, is down 60%. (Nakamoto and BitMine are trading at a discount to the value of their treasury holdings; MicroStrategy still trades at a premium, though it has been narrowing.)
Now, with two months of sinking crypto prices, some of these firms are beginning to look pretty shaky, and the warnings from Chanos and others seem prescient. Many DATCOs have flipped from trading at a premium to a discount, meaning shares trade for less than the value of the underlying digital asset. Nakamoto, a bitcoin treasury company that merged with the publicly traded KindlyMD earlier this year, has cratered by 98%. BitMine is down 77% since adopting its DAT strategy this past summer. The OG, MicroStrategy, is down 60%. (Nakamoto and BitMine are trading at a discount to the value of their treasury holdings; MicroStrategy still trades at a premium, though it has been narrowing.)
Molly White
@molly0xfff@hachyderm.io  ·  activity timestamp 2 weeks ago
William Lindsey :toad:
@wdlindsy@toad.social  ·  activity timestamp 2 weeks ago
William Lindsey :toad:
@wdlindsy@toad.social  ·  activity timestamp 2 weeks ago
William Lindsey :toad:
@wdlindsy@toad.social  ·  activity timestamp 2 weeks ago
William Lindsey :toad:
@wdlindsy@toad.social  ·  activity timestamp 2 weeks ago
William Lindsey :toad:
@wdlindsy@toad.social  ·  activity timestamp 2 weeks ago
William Lindsey :toad:
@wdlindsy@toad.social  ·  activity timestamp 2 weeks ago
William Lindsey :toad:
@wdlindsy@toad.social  ·  activity timestamp 2 weeks ago
William Lindsey :toad:
@wdlindsy@toad.social  ·  activity timestamp 3 weeks ago
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