dane 🏴☠️
1.4K posts

dane 🏴☠️
@dane0c
22 | finance stuff @aesor_ 🗡️💫 | econ & is
U.S. เข้าร่วม Temmuz 2014
1.1K กำลังติดตาม888 ผู้ติดตาม
dane 🏴☠️ รีทวีตแล้ว

🚨 Is this the beginning of a repeat of Lehman Bros 2008?
UBS just halted withdrawals of a $469 million real estate fund and told investors they can't have their money back for up to 3 years.
Why does this matter? Back in June of 2007, Bear Stearns did the same thing at two of their hedge funds. One year later, Lehman Brothers collapsed and the global financial crisis happened.
UBS looked at their real estate portfolio, realized the buildings are not worth what they paid for them and they cannot sell them without admitting HUGE losses.
Commercial real estate office vacancies are at record highs. Buildings are worth a fraction of what they were. Everyone has been trying to avoid marking their portfolios down to actual current value. But they cannot ignore it any longer.

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🚨BREAKING: @Solana overtook Ethereum in all-time unique developers, now leading all chains.
Source: chainspect

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such a huge increase in efficiency makes it inevitable
Trending Bitcoin@TrendingBitcoin
SEC Chair Paul Atkins: 🇺🇸“All U.S. markets will be on chain within two years.”
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i guess that’s what happens when federal regulation favors big banks
CoinMarketCap@CoinMarketCap
LATEST: 🏦 BNY Mellon CEO Robin Vince says large banks will lead crypto's next growth phase by linking digital assets to traditional finance.
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dane 🏴☠️ รีทวีตแล้ว
dane 🏴☠️ รีทวีตแล้ว

Say goodbye to Uniswap as you know it.
The Senate's new CLARITY Act is a direct hit on DeFi, engineered to protect the banks.
They are outright banning passive stablecoin yield. Banks are terrified lawmakers with projections of a $6.6 trillion deposit flight to crypto, so Washington stepped in to kill your yield and protect the legacy system.
Even worse, the bill aims to classify anyone running a DeFi front-end as a financial intermediary.
Just hosting a web interface for a smart contract will suddenly require bank-level AML compliance and audits.
They are rushing to force this through by May before the midterm elections make the bill politically radioactive.
But there is a massive blind spot in their plan.
They can regulate web domains and target companies, but they cannot ban math. Decentralized smart contracts live on-chain.
Real developers will keep building the permissionless solutions the market demands, and DeFi will simply route around the damage.
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