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Alex
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Alex
@aleeeexcool
Crypto Enthusiast | DeFi Engineer | BTC believer | Building verifiable finance @AccountableData | prev @lendlexyz, @AstrabitTrading
Earth Katılım Temmuz 2022
231 Takip Edilen235 Takipçiler

THIS SHOULD BE ILLEGAL.
A South Korean funeral company invested its customers' money in a leveraged crypto ETF and lost $33 million.
Bumo Sarang, South Korea's seventh largest funeral service provider, took $40 million of prepaid customer funds and put it into the T-REX 2X Long BMNR Daily Target ETF, a product that delivers twice the daily return of Bitmine, an Ethereum treasury company.
The position is now worth $10 million.
The funeral industry in Korea is regulated by the Fair Trade Commission, not any financial authority. The only rule is keeping 50% of prepaid funds in reserve.
The other 50% is completely unregulated, meaning a funeral company can legally take half of every customer's burial money and invest it anywhere.
43% of South Korean funeral service providers currently hold fewer assets than the customer advance payments they are supposed to be protecting.
Bumo Sarang called the $33 million loss a "short-term unrealized loss due to global market volatility."
Ethereum is down 28% this year, Bitmine is down 34%
And because it is a 2x leveraged product, every daily move hits the position twice as hard.



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🚨 THE WORLD’S LARGEST COMPANY REPORTS EARNINGS TODAY.
And it could decide whether the AI bubble still has fuel left or if it already peaked.
Nvidia reports earnings after the US market close today.
Wall Street is expecting:
• Revenue: $79.12 billion
• Expected growth: +79.56% YoY
That means Nvidia is expected to generate almost $80 billion in revenue in just one quarter.
And this is no longer just another tech earnings report.
Nvidia’s market cap is now approaching $5.5 trillion.
That makes Nvidia worth more than the annual GDP of every country on Earth except the US and China.
That is how large the AI trade has become.
Over the last few quarters, Nvidia kept beating expectations again and again.
Its last report came in at:
• EPS: 1.62 vs 1.50 expected
• Revenue: $68.1 billion in a single quarter
Those earnings helped keep the entire AI rally alive.
Every strong Nvidia print pushed:
• Semiconductors higher
• AI stocks higher
• Nasdaq higher
But today’s report matters much more than the previous ones.
The market is now looking for any signs that AI demand is starting to slow down.
There are already growing concerns across parts of the semiconductor supply chain about:
• Slower server demand
• Inventory build-up
• Hyperscalers slowing future orders after massive spending over the last 2 years
At the same time, China is becoming a much bigger problem for Nvidia.
The US keeps tightening export restrictions on advanced AI chips.
China is also pushing state-backed data centers and companies to reduce dependence on Nvidia hardware and use domestic chips instead.
That creates long-term pressure on one of the world’s largest AI markets.
This is why today’s guidance matters more than the headline EPS number.
If Nvidia reports another massive beat and raises guidance, the AI rally probably continues.
But if guidance weakens or management signals slower demand ahead, the impact could spread across the entire market very quickly.
Because right now:
• AI stocks are carrying the indices
• Mega caps dominate market performance
• Valuations are already extremely stretched
• Investors are heavily positioned into the same trade
A weak Nvidia report would not just hurt one stock.
It could trigger selling across:
• Semiconductors
• AI stocks
• Nasdaq
• S&P 500
• Crypto
• Broader risk assets
And it would raise a much bigger question:
Has the biggest market bubble of this cycle already started losing momentum?


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The rest 90% probably already lost it :D
Documenting ₿itcoin 📄@DocumentingBTC
The Federal Reserve says 10% of America uses crypto
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@Cointelegraph Nice, but still a lot of tokens are burning during development time
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