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Wally, Willy and Steven US prosecutors charged Yih-Shyan “Wally” Liaw, Ting-Wei “Willy” Sun, Ruei-Tsang “Steven” Chang,

Winklevosses Say Job Cuts at Gemini Exchange Reach 30%: BBG

Bezos Plots Colossal $100 Billion Fund To Transform Companies Using AI: WSJ zerohedge.com/ai/bezos-plots…

While everyone is focusing on the supply side of energy, here is what nobody is discussing (yet): demand is falling off a cliff, as either prices are too high, or there simply aren't any physical inputs. First in Asia: With over half of Japan's naphtha imported, petrochemical producers are trimming output: - Mitsubishi Chemical and Mitsui Chemicals have reduced ethylene runs -Sumitomo Chemical may delay restarting Keiyo Ethylene and expects reduced rates even after restart. South Korea is also seeing pressure build across the sector. - YNCC, one of the region’s largest ethylene producers, has declared force majeure and is running its cracker at significantly reduced rates. - Both Lotte Chemical and LG Chem have warned customers that they may follow, and the government has temporarily designated naphtha an “economic security item” to manage dwindling stocks. In China, Sinopec has cut March refinery runs by about 10% to conserve crude stocks. - A Shell–CNOOC joint venture has shut its Huizhou ethylene cracker and told customers that polyethylene shipments are suspended indefinitely effective March 5 - Wanhua Chemical has declared force majeure for Middle Eastern customers amid severe LPG feedstock disruptions. In Indonesia, Chandra Asri is operating at reduced rates and has declared force majeure following a sudden halt in feedstock arrivals. In Taiwan, Formosa Plastics Group’s Taiwan Petrochemical declared force majeure on March 10 and indicated that, if shortages worsen, volumes will be allocated based on actual availability. India suspended shipments of LPG to commercial operators to prioritize supplies for households, leading to worries from hotels and restaurants that they may be forced to close.

@BoomBoomArnie how do you shift a graph that is normalized to the start date

@zerohedge Shift the graph up a bit and it correlates much more

Regime shift really kicking in: gold -13% since start of the Iran war, bitcoin +6%

Gold was the consensus trade. Now the exit is getting crowded. zerohedge.com/the-market-ear…

Super Micro Co-Founder Arrested In Alleged $2.5 Billion Nvidia Chip Smuggling Scheme zerohedge.com/technology/sup…

What a shock from the company that not long ago was also busted for accounting fraud

SUPER MICRO CO-FOUNDER, EMPLOYEE AND CONTRACTOR SMUGGLED NVIDIA CHIPS TO CHINA, U.S. PROSECUTORS CHARGE SUPER MICRO: US UNSEALED INDICTMENT OF 3 PEOPLE LINKED TO CO SUPER MICRO: US INDICTMENT LINKED TO EXPORT-CONTROL VIOLATIONS

NASA May Shrink Boeing's Moon-Mission Role While Handing SpaceX Core Rocket Responsibilities zerohedge.com/technology/nas…

Minnesota Audit: State Agency 'Accidentally' Blocked Kickback Investigation Into Autism Services zerohedge.com/political/minn…

The Treasury Department added Cuba to a list of countries restricted from taking delivery of Russian oil after a tanker of the fuel appeared to be headed to the island, which is under a US naval blockade bloomberg.com/news/articles/…

Claims Mojtaba Khamenei is dead - unverified

🚨Crews at risk in the Gulf🚨 Just heard from a crewmember on one of the 3,200 ships stuck in the Persian Gulf. A ship called the local port authority requested permission to dock as they had run out of water. They were denied permission! Multiple ships are in the same condition, with stores, food and fuel running low. Ports are overwhelmed and security is such that they are refusing permission for ships to dock. Crews cannot get off and reliefs cannot fly in. What is being done to address this matter @POTUS @SecWar @SecDuffy @DOTMARAD @IMOSecGen @IMOHQ.

My net worth peaked at $1.2 million. None of it was real. I don't mean that philosophically. I mean it was located on servers that have since been turned off. I own eleven properties in the metaverse. Three in Decentraland. Four in The Sandbox. Two in Voxels. One in Otherside. And a beachfront villa in Horizon Worlds that I bought for $214,000 because Mark Zuckerberg called it "the next frontier." The frontier closed last week. It's a mobile app now. Last year I mass DM'd 340 people the phrase "you don't understand how early we are." I have since stopped doing that. Not because I was wrong. Because most of them blocked me. I got into metaverse real estate in November 2021. Everyone was buying. Someone paid $450,000 to be Snoop Dogg's neighbor. In a video game. With no legs. The avatars didn't have legs. I thought that was bullish. "The legs are coming," I told my Discord. "Legs are a roadmap item." Three hundred people reacted with rocket emojis. I called myself a "digital land baron." I put it in my Twitter bio. I put it in my LinkedIn headline. I said it on a podcast that had eleven listeners. Three of them were bots. The rest were my alts. My virtual property has more square footage than my actual apartment. My actual apartment has furniture. Location, location, location. My most valuable asset was a plot next to a virtual Gucci store. Gucci left in 2023. The store is still there. Nobody's in it. It's like a mall in Ohio but with worse graphics and no food court. I held. Diamond hands. That's what we said. "Diamond hands." It means refusing to sell while your investment loses 94% of its value. We turned financial paralysis into a personality trait. A guy in my Discord paid $2.4 million for a 618-parcel estate in Decentraland. Prime district. High foot traffic. I asked him what "foot traffic" meant when the platform had 38 daily active users. He said I didn't understand the technology. I didn't. I still bought more. We had a DAO. A decentralized autonomous organization. That means we voted on decisions. There were nine of us. Three never showed up. Two voted on everything without reading it. The other four were me and my alts. We voted to "acquire strategic parcels." The vote passed unanimously. I voted four times. My portfolio peaked at $1.2 million. I told everyone. I made a spreadsheet. I projected 40x returns by 2025. I made a pitch deck. The pitch deck had a slide that said "WE ARE BUILDING THE DIGITAL ECONOMY." The slide had a rocket emoji. That was my entire financial model. In 2023 I bought a Bored Ape for $189,000. It's worth $14,000 now. I don't talk about the Ape. I still use it as my profile picture. People ask me about it. I say "I'm long-term bullish." Long-term bullish means I can't sell it without crying in a Panera. My mom asked me what a Bored Ape was. I said "digital art on the blockchain." She asked why it cost more than her car. I said "you don't understand Web3." She said "I understand you live in a studio apartment." She's not in my Discord. Justin Bieber bought one for $1.3 million. It's worth about $90,000 now. I felt better about mine after I heard that. That's community. WAGMI. We're All Gonna Make It. We said that every day. In the group chat. While the floor dropped. While the volume dried up. While 95% of all NFT collections went to zero. We're all gonna make it. None of us made it. But we said it with conviction and a laser-eye profile picture. That counts for something. It doesn't. But we said it did. That's decentralized consensus. Meta spent $84 billion on the metaverse. I need to say that again. $84 billion. More than the GDP of Luxembourg. More than the GDP of Iceland, Luxembourg, and Malta combined. They spent it on a platform where the avatars had no legs, the graphics looked like a 2006 Wii game, and the peak user count was lower than the lunch rush at a Chipotle in Des Moines. They just pulled Horizon Worlds from VR headsets. It lives on as a mobile app. My beachfront villa is now a mobile app. Location, location, location. Zuckerberg renamed the entire company for this. Facebook became Meta. A $900 billion company changed its legal name because the CEO watched Ready Player One and said "I want that." Reality Labs lost $10 billion in 2021. $14 billion in 2022. $16 billion in 2023. $18 billion in 2024. $19 billion in 2025. That's not a strategy. That's a speedrun. They laid off 1,500 Reality Labs employees this year. Shut down three VR studios. Killed Supernatural. Put the entire VR social vision in a casket and said "we're pivoting to AI and wearables." The pivot took four years and $84 billion. I pivoted too. I'm an AI real estate investor now. I bought a virtual plot in an AI-generated world that doesn't exist yet. The founder said it was "the intersection of spatial computing and large language models." I don't know what that means. I gave him $40,000. He has a whitepaper. It's 47 pages. I read the title and the tokenomics section. The tokenomics section is a pie chart. I love pie charts. They make everything look like a plan. The project has a roadmap. Q1: "Build community." Q2: "Launch beta." Q3: "Scale ecosystem." Q4 is blank. Q4 is always blank. That's where the exit scam goes. My accountant asked me to value my metaverse portfolio for tax purposes. I said $1.2 million. He said "current market value." I said $6,400. He stared at me for eleven seconds. I know because I counted. He asked if I had any other investments. I showed him my NFTs. He stared for longer. I told him they were "cultural artifacts with long-term provenance." He asked if I'd considered a 401k. I told him a 401k was "legacy finance." He told me to leave his office. The metaverse is dead. I don't accept that. I am a digital land baron. I own eleven properties across four platforms. I have a beachfront villa in a mobile app, a plot next to an empty Gucci store, and a cartoon monkey that cost me more than my actual car. Location, location, location. The location is nowhere. But I'm early. I'm always early. That's the same as being wrong except you get to say it with confidence.

Demand Destruction Has Arrived zerohedge.com/markets/demand…

Obama Judge Strikes Down Ten Commandments In Arkansas Classrooms zerohedge.com/political/obam…

Qatar state-owned LNG giant QatarEnergy has published a statement detailing the overnight damage, providing more granularity (particularly around the damage of the GTL plant).