Boz

You heard it here first: RWAs, and especially tokenised private credit, are the greatest retail investment opportunity since the 9th of January 2009.

If you genuinely, seriously believe we're about to start the final sprint to AGI, then a war which starves the entire world *except* the United States of electric power becomes cold-blooded realpolitik

Excited to see @henryduckw and team killing it as per usual! circle.com/blog/announcin…

@SeanoftheWeb3 @TKralow @The_One_xrp *aren’t

@SeanoftheWeb3 @TKralow @The_One_xrp AI slop + unlimited instant redemptions are practical in the real world. You can’t just call capital whenever you want; it kills your originators! The broader private debt space is fine; I think the systemic risk is largely overstated.

🚨 WARNING: Something that looks a lot like a bank run is quietly unfolding in private credit. And here is what it means for crypto! And it’s happening inside some of the biggest asset managers on Earth. Investors are trying to pull money out. The problem? The doors are starting to close. Take BlackRock. This one gave me a HELL of a surprise! :) One of its private credit funds manages about $26B and offers investors periodic withdrawals. Recently investors requested roughly 9% of the fund back. They were told they’d receive only about half of that. The rest? Denied. Like, WTF? Ok… That’s over $1B in redemption requests that couldn’t be fully honored. And this isn’t an isolated case. Over at Blackstone, its giant $82B private credit vehicle just experienced the largest withdrawal wave it has ever seen. Redemptions surged to nearly 8% of the fund. So much capital tried to leave that the firm had to stabilize the situation by injecting hundreds of millions of dollars. Executives themselves reportedly contributed tens of millions from personal accounts. When management starts plugging liquidity gaps with their own cash… it usually means the system is under pressure. Then there’s Blue Owl Capital. Instead of slowing withdrawals… they effectively ended them. Surprise surprise! Investors in one of their credit funds were told they would no longer have redemption access and that payouts would occur at the fund’s discretion. That’s not a temporary limit. Ladies and gentlemen, that’s a locked gate. The core issue here is structural. For years, private credit funds attracted capital by promising investors regular liquidity windows. But the assets they bought are private loans to companies. Those loans don’t trade on liquid markets. They can’t be sold overnight. So when too many investors ask for their money back simultaneously, there’s nowhere to get the cash. This is the exact same liquidity mismatch that has caused financial crises for centuries. Short-term promises. Long-term assets. Now there’s an additional problem emerging. Artificial intelligence :) OUPS… Banks like UBS estimate that as much as a third of private credit portfolios could face disruption risk from AI. Here is how its all connected: Many of the companies that borrowed billions are software firms whose economics could change dramatically as AI tools commoditize their products. If those businesses weaken… the loans backing these funds become harder to value and harder to sell. Which makes liquidity stress even worse. Markets are starting to notice. Major alternative asset managers have seen sharp stock declines, and sentiment around the $1.8 trillion private credit industry is deteriorating fast. For years this sector was marketed as stable, high-yield, and insulated from market volatility. But now investors are discovering something important. The liquidity they thought they had, may not actually exist. And I think u can guess the answer here. And when that realization spreads, money tends to run for the exits. Now the big question: What does this mean for crypto? In the short term, events like this are usually bearish for risk assets. When funds face redemption pressure, they sell whatever they can sell first. And liquid assets — like stocks and crypto — are often the easiest to dump. But over the long term, this is exactly the type of structural problem that strengthens the case for crypto. Because it highlights a fundamental flaw of traditional finance: Your money isn’t always actually yours. It sits inside structures where someone else controls the liquidity. Funds can gate withdrawals. Banks can freeze accounts.
Markets can halt trading. Meanwhile with assets like Bitcoin or Ethereum: No fund manager can stop withdrawals. 
No redemption committee can limit access. So stack while u can, and at a discount. The system is breaking right before our eyes.

@potuz_eth @Snapcrackle @blackopal_fi

@Snapcrackle I understand. but even above Selic I am surprised of those long term numbers in dollars. I now want to contact these guys and buy shares of those funds 😂

The only thing that sucks about England is because London has the best food in the world, it kinda ruins it when you travel anywhere else, because nothing else can live up to London

@danielgothits Is his name Jonah by any chance

I know a guy who bought BTC at $120k, sold it all at $62k and then moved to Dubai last week before the war started Will post his next move as soon as he tells me Notis on

Given I was in Lebanon 🇱🇧 during the Arab spring this seems like a mispricing of risk to me… if the real estate takes a similar trajectory I may have to ‘come to Dubai habibi’

I’m pretty tempted to just buy a tonne of these beat-up AAMs and see whether I go bankrupt or have an absolutely messianic run

This is an ILLEGAL war on Mordor. We’re told Sauron “poses an existential threat,” yet somehow this involves sending hobbits 1,500 miles to a volcano. Regime change in Mordor will only create a power vacuum filled by worse orcs. Sauron is bad, sure. But is he “march to Mount Doom” bad? Meanwhile second breakfast is underfunded. Tell me again how this puts the Shire first?

Starmer is such a tragic character. Like a regional bank manager trying to navigate the global financial crisis using only company policy.

I'm only partially joking about Dubai Deano being the last of the English buccaneering archetype. It's kind of admirable really. Just an abject rejection of decline and misery.

Ok, everyone chill out. Dubai is not ‘done’ - it remains a v attractive place for expats, regardless of one’s view on the type of expat it seems to attract. Simultaneously, Dubai residents are really not in that much physical danger so can you all stop this pearl clutching.

@ianmiles who on earth is priced out of dubai; instagram models with <10k followers? it's not exactly hyperluxe

People priced out of Dubai or incapable of accomplishing anything in life often root for its downfall. Embarrassing.

i think markets are going to rip on monday

@RollingHedge @zarahsultana well said

@zarahsultana You are a fucking retard

Let’s be clear, Donald Trump and the Epstein class that have enabled genocide in Gaza are now blowing up Iranian children and setting the Middle East on fire to enrich themselves and cover up their paedophilic crimes. We need to build a mass movement to stop them.

i cant believe whats going on right now humans were not suppose to be able to monitor the situation this closely this is insane

in 2020 IRGC shot down a civilian flight leaving its own international airport, minutes after takeoff, killing 176 passengers, mostly iranian they did it in their panic hours after trump killed one of their generals because they are RETARDED these are unskilled idiots playing with fire, expect more of their fuckups like hitting the hotel in dubai and airport in kuwait IRGC execs are children, babies, absolute and utter clowns, hopefully people understand how dangerous it is for them to have serious weaponry in their disposal, they have NO IDEA WHAT THEY ARE DOING

I ponder this sentiment semi regularly esp when people send me 10 page ai slop documents to read.

Okay here it is, you can be: 1. Be happy Britain is not involved 2. Be hopeful that the Iranian regime is gone 3. Be irritated with people who always think we must get involved because of America or Israel 4. Be irritated with people who always think we mustn't get involved because of America or Israel 5. Be very worried about the economic and social implications of this war 6. Be hopeful that should the Iranian regime fall it will push back Chinese influence Yes life is complex