It seems unintuitive that a small 25 basis point interest rate hike in Japan would spike all risk assets, including tonight's -20% $ETH candle.
But you need to understand the way the carry trade works:
It's a leveraged unwinding.
If the West wants to call out currency manipulation in EM, it should start by calling out Sweden (red) and Norway (blue). The IMF projects a 25% current account surplus for Norway in 2024 and a 5% surplus for Sweden. Both currencies are massively undervalued. Enough already...
Some have asked for pics of the Revolutionary War fort we discovered inside an old plantation house in West Virginia. Almost none of the original Rev War frontier log forts survive. Historians believed an old log fort know as Byrnside’s Fort was still there, inside the walls of this large house. But…
We had to buy the property first before being able to take a crowbar to it to see if the logs were inside the walls. I was 90% sure they were there…
GPT-5: can perfectly build any website
GPT-6: can build and run a company
GPT-7: passes Turing test
GPT-8: overthrows world governments
GPT-9: fails to understand how Jira is supposed to work, gives up, asks humans for help
Another child shot dead in Stockholm last night, Sweden's 6th fatal shooting in eight days.
"Child soldiers" as young as ten are being recruited into its burgeoning criminal gangs: a phenomenon without parallel in Europe.
telegraph.co.uk/news/2023/02/0…
The fight will be managed by my and Zuck’s foundations (not UFC).
Livestream will be on this platform and Meta. Everything in camera frame will be ancient Rome, so nothing modern at all.
I spoke to the PM of Italy and Minister of Culture. They have agreed on an epic location.
The US Treasury has $57 billion in cash on hand while the government carries $31 trillion in debt
That's the equivalent of an average person having $1,000 in cash on hand and $543,859 in debt
Scary.
A quick overview of @Algorand's architecture
🔹 $ALGO utilizes PPoS, ensuring fairness and full participation without compromising security or speed
🔸Algorand provides immediate transaction finality, providing quick and efficieny transactions
With #Algorand say goodbye to forks, block re-orgs, and rollbacks.
Algorand, transactions are final - no more waiting for confirmations.
This is a game changer for both end users and enterprises, simplifying builds and reducing operational risks.
Let's get this message out.
Raptor V3 just achieved 350 bar chamber pressure (269 tons of thrust). Congrats to @SpaceX propulsion team!
Starship Super Heavy Booster has 33 Raptors, so total thrust of 8877 tons or 19.5 million pounds.
Our software engineers have created several open-source software packages and put them on #GitHub! Take a look and see what technical tasks they can help you with.
➡️ github.com/gchq
1/ With @wsford’s transition to Senior Strategic Advisor, I am committed to being more involved with the day-to-day operations and oversight of Algorand Inc., supported by @paulriegle, @mcommons20 and the entire leadership team.
this is because of isda contracts and phase 6 no collateral to open new contracts. means bank stop borrowing to each other. because all are over leveraged and cant risk bad contracts. a 3rd party is now watching. this is phase 6 kicking in. getting rid of unlimited back end hidden collateral. which in time ends the game. 12 month contracts are going be spicy