πΈ Amber CEO Michael Wu: After the FTX Collapse, I Went Through "the Biggest Setback of My Life"
After the FTX collapse in 2022, Amber Group CEO Michael Wu experienced significant challenges, as his startup's valuation dropped from a potential $10 billion with 1,300 employees to severe downsizing and quarterly losses. In an interview with OKX, he reflects on his journey from a Morgan Stanley FX trader to a crypto pioneer, discusses the lessons learned from the FTX and 3AC crises, and shares his vision for blockchain's role in the future AI agent-driven economy. #ai
After the FTX collapse in 2022, Amber Group CEO Michael Wu experienced significant challenges, as his startup's valuation dropped from a potential $10 billion with 1,300 employees to severe downsizing and quarterly losses. In an interview with OKX, he reflects on his journey from a Morgan Stanley FX trader to a crypto pioneer, discusses the lessons learned from the FTX and 3AC crises, and shares his vision for blockchain's role in the future AI agent-driven economy. #ai
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ππ€ #BTC Bitcoin is currently -46% below its latest ATH.
Historically, major cycle bottoms have only formed when drawdowns reached at least -70% to -80%.
Historically, major cycle bottoms have only formed when drawdowns reached at least -70% to -80%.
π Top 5 News for 24 Hour:
1. Google Quantum AI warns of ECC vulnerability, urges PQC migration. β
π 1155 | β€οΈ 0 | π 16
2. Bitcoin Improvement Proposal to address quantum threats. β
π 249 | β€οΈ 0 | π 8
3. Long-term holder capitulation may signal market bottom. β
π 330 | β€οΈ 1 | π 6
4. Top 100 entities hold 44% of BTC supply. β
π 238 | β€οΈ 0 | π 5
5. S&P 500 up 2.5% on Iran peace talks. β
π 195 | β€οΈ 0 | π 5
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1. Google Quantum AI warns of ECC vulnerability, urges PQC migration. β
π 1155 | β€οΈ 0 | π 16
2. Bitcoin Improvement Proposal to address quantum threats. β
π 249 | β€οΈ 0 | π 8
3. Long-term holder capitulation may signal market bottom. β
π 330 | β€οΈ 1 | π 6
4. Top 100 entities hold 44% of BTC supply. β
π 238 | β€οΈ 0 | π 5
5. S&P 500 up 2.5% on Iran peace talks. β
π 195 | β€οΈ 0 | π 5
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π΅οΈ Michael Saylor's strategy is now estimated to have bought over 2,174 #BTC today via STRC, which is 4.8 times the daily supply of mined bitcoin.
π€ According to Bloomberg, the New Hampshire Business Finance Authority plans to issue about $100 million in Bitcoin-backed municipal bonds, rated Ba2 by Moodyβs, two notches below investment grade. Debt service will be supported by proceeds from the Bitcoin collateral, with price-triggered liquidation provisions to protect repayment. The bonds are not backed by the stateβs credit or taxing authority.