Krystalyn Weaver

@AmericanAir Sadly she continued to be rude to me through the whole flight 😓

@kweaver3 We love to welcome families with little ones on board. We're sorry to hear you've been left any other impression. We appreciate you.

@AmericanAir Please train your flight attendants better. I’ve been treated very poorly while traveling with my (well behaved, sleeping baby) and we haven’t even taken off yet. Traveling with kids is hard enough.

Fox News is talking about the House Speaker votes like they should've talked about Jan. 6, so we switched the footage for them

Their purchases of GBTC are to mitigate the impact of the institutional-level selling pressure and prop up the fund's net asset value (NAV). Almost like a stock buyback. Still, that intervention hasn't stopped the discount to NAV of the fund widen out to -42.7%

GBTC holds ~648,000 bitcoin (Is this number correct? Please DM) Obviously, GBTC dissolving and selling $10.5 billion worth of bitcoin would send the price down. But the more pertinent setback would be the timeline for a spot ETF coming to fruition.

GBTC's public filings are unaudited. But its accounting firm, Friedman LLP, was busted by the SEC this year for "improper professional conduct" in audits of other firms since 2017. Friedman LLP's audits failed to report "materially inaccurate financial statements" & fraud. 🤔

No FUD. Scenarios: 1 - Collect mgmt fees until ETF conversion or DCG distress leads to: 2 - Dissolution of the trust 3 - Buyout from JPM, Fidelity, etc. #1 = Occam's razor unless DCG distress isn't resolved. Then it's 2 or 3. Either way, clients get $-equivalent to their GBTC:

Shot 🥃 Genesis is the sole broker-dealer for GBTC - it sets the index price and converts BTC 🔁 USD and vice versa. Chaser 🥤 GBTC gets dissolved if an event prevents it from setting index price or converting BTC 🔁 USD - an event like... Genesis/DCG facing solvency issues.

No FUD. Scenarios: 1 - Collect mgmt fees until ETF conversion or DCG distress leads to: 2 - Dissolution of the trust 3 - Buyout from JPM, Fidelity, etc. #1 = Occam's razor unless DCG distress isn't resolved. Then it's 2 or 3. Either way, clients get $-equivalent to their GBTC:

GBTC's public filings are unaudited. But its accounting firm, Friedman LLP, was busted by the SEC this year for "improper professional conduct" in audits of other firms since 2017. Friedman LLP's audits failed to report "materially inaccurate financial statements" & fraud. 🤔

*Vaporizes 8-figures of investor wealth and flees to Dubai* Forbes: math-wiz girlboss 💅✨️

Absolutely laughable reporting on criminal fraud. "Loves Harry Potter! Loves taking big risks!" Reads like a high school yearbook. The mainstream media in 100% in bed with Sam and all of his gaunt criminal compatriots.

GBTC holds ~648,000 bitcoin (Is this number correct? Please DM) Obviously, GBTC dissolving and selling $10.5 billion worth of bitcoin would send the price down. But the more pertinent setback would be the timeline for a spot ETF coming to fruition.

ALL of this GBTC intervention as it blew $140m to help its subsidiary, Genesis. Now DCG is requesting a $1 billion emergency loan. Good luck finding a lender after this last week. They may have to drop some of their GBTC holdings to shore up cash, widening the discount further.

Their purchases of GBTC are to mitigate the impact of the institutional-level selling pressure and prop up the fund's net asset value (NAV). Almost like a stock buyback. Still, that intervention hasn't stopped the discount to NAV of the fund widen out to -42.7%

GBTC has been dumped by institutions all year long - parent company Digital Currency Group (DCG) has chosen to pick up the bag. 3AC dumped 100% of its bags. BlockFi dumped 100% of its bags. DCG is the largest holder of its subsidiary's bitcoin trust.

Rates & money markets action today: • Eurodollar Futures (orange) pointing to wicked steep cuts relative to 2 wk ago (green) • All major spreads along the UST curve are 'end-of-cycle' deeply inverted Rates signal not only an end to hiking but perhaps easing sooner than later.

Only when 3m10s uninverts does the recession & nadir of the risk asset selloff occur. Environment is pointing to Q1/Q2 rates normalization and uninversion. Right now is a honeymoon period where risk assets see the regime shift for rates up ahead and get in front of their skis.

This guy was a risk manager that didn't realize horse manure doesn't hedge out cow manure. Manure is manure, there is no "diversification" if your assets, liabilities, and hedges are all the same shit. MIT graduate, by the way 👍

You expect me to believe that Crypto.c0m is buying stadiums and sponsoring the World Cup exclusively with transaction fee revenue? No corporate borrowing or leverage whatsoever, all client funds are reserved 1:1? Ok, we'll see.