Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 3/7 - The mechanism was leverage. 3AC borrowed from @BlockFi, Genesis, Blockchain<dot>com, and Voyager, using each loan to buy more Bitcoin as collateral for the next. A compounding loop that worked until one major position moved the wrong way.
R to @daily_btc_lore: 3/7 - The mechanism was leverage. 3AC borrowed from @BlockFi, Genesis, Blockchain<dot>com, and Voyager, using each loan to buy more Bitcoin as collateral for the next. A compounding loop that worked until one major position moved the wrong way.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 4/7 - That position was LUNA. 3AC had put up to $600M into Terra's Luna token. In May 2022, Luna collapsed from $80 to near zero in 72 hours. Margin calls arrived in mid-June. 3AC went silent. On June 27, a British Virgin Islands court ordered the fund into liquidation.
R to @daily_btc_lore: 4/7 - That position was LUNA. 3AC had put up to $600M into Terra's Luna token. In May 2022, Luna collapsed from $80 to near zero in 72 hours. Margin calls arrived in mid-June. 3AC went silent. On June 27, a British Virgin Islands court ordered the fund into liquidation.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 5/7 - That same day, Voyager drew $75M from a $200M credit line provided by Alameda Research, FTX's trading arm. @CoinDesk documented both moves in real time. Six months later, Alameda would collapse, taking FTX with it.
https://www.coindesk.com/business/2022/06/27/voyager-digital-issues-default-notice-to-3ac-draws-down-75m-of-alameda-revolver
R to @daily_btc_lore: 5/7 - That same day, Voyager drew $75M from a $200M credit line provided by Alameda Research, FTX's trading arm. @CoinDesk documented both moves in real time. Six months later, Alameda would collapse, taking FTX with it.
https://www.coindesk.com/business/2022/06/27/voyager-digital-issues-default-notice-to-3ac-draws-down-75m-of-alameda-revolver
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 6/7 - The founders had vanished. They had bought a $50M yacht and two Singapore mansions before going dark. Liquidators couldn't locate them. In September 2023, Zhu was caught at Changi Airport on a one-way ticket, sentenced to four months. Davies remains a fugitive.
R to @daily_btc_lore: 6/7 - The founders had vanished. They had bought a $50M yacht and two Singapore mansions before going dark. Liquidators couldn't locate them. In September 2023, Zhu was caught at Changi Airport on a one-way ticket, sentenced to four months. Davies remains a fugitive.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 7/7 - Voyager filed Chapter 11 on July 5. Customers recovered 50-70 cents on the dollar. BlockFi & @CelsiusNetwork fell in the same wave. What held through all of it was Bitcoin itself. The protocol kept producing blocks. Every trusted custodian failed but the base layer didn't.
R to @daily_btc_lore: 7/7 - Voyager filed Chapter 11 on July 5. Customers recovered 50-70 cents on the dollar. BlockFi & @CelsiusNetwork fell in the same wave. What held through all of it was Bitcoin itself. The protocol kept producing blocks. Every trusted custodian failed but the base layer didn't.
Not a Tesla App:
NHTSA Ends Investigation Into Tesla Model 3/Y Steering Failures
NHTSA Ends Investigation Into Tesla Model 3/Y Steering Failures
Not a Tesla App
NHTSA Ends Investigation Into Tesla Model 3/Y Steering Failures - Not a Tesla App
The National Highway Traffic Safety Administration (NHTSA) has officially wrapped up a long-running safety probe into 376,241 Tesla vehicles
Data Science in Your Pocket - Medium:
GPT 5.6 Released : Claude Mythos DEFEATED
PS. Conformidade estatal
GPT 5.6 Released : Claude Mythos DEFEATED
PS. Conformidade estatal
Medium
GPT 5.6 Released : Claude Mythos DEFEATED
How to use GPT 5.6?
Business News | Economy, Markets, Industrials, Companies:
Xi’s Summit Promise of Openness Is Giving Way to Greater Control
Xi’s Summit Promise of Openness Is Giving Way to Greater Control
The Epoch Times
Xi’s Summit Promise of Openness Is Giving Way to Greater Control
Only weeks after the summit with the United States, Beijing is tightening trade and market access—but he’s not the only one doing so.