Former FTX member Leopold Aschenbrenner’s $20B AI fund blows up
The AI hedge fund of ex-FTX Future Fund worker Leopold Aschenbrenner is asking investors for more capital to meet margin calls.
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US sanctions firms behind Iran’s Strait of Hormuz BTC insurance scheme
Iran's BTC insurance scheme would reportedly generate over $10B in revenue for the country and help it maintain control over the Strait.
— Michael Saylor, MicroStrategy
Strategy has lost two-thirds of its mNAV in two years
Strategy’s basic mNAV stood at 2.04x two years ago. On Wednesday it read 0.68x, a decline of exactly two-thirds.
Credit default swaps forecast AI bankruptcies
CDS spreads are deteriorating across mega-cap AI stocks including Alphabet, Amazon, Meta, and SpaceX, which all hit record spreads this week.
Iranian hackers suspected of attacking 30 Minnesota water companies
The Iranian CyberAv3ngers hacker collective is the main suspect in a series of attacks that hit 30 water firms across Minnesota this week.
— Crime, Pavel Durov
Russia says Ukraine is using Telegram dating bot for terrorism
Russia issued an international arrest warrant for Telegram founder Pavel Durov, charging him with allowing terrorist activities on the app.
South Korea’s KOSPI has erased more than Bitcoin’s market cap in 29 days
The KOSPI has erased about $1.6T of market value since June 19, more than all the BTC in the world is worth.
Escaping Jack Dorsey’s BTC miners cost $41.9 million
Core Scientific gave Jack Dorsey’s Block $67.9M for BTC mining chips. It then booked a $41.9M loss for the right to stop buying them.
Crypto rugger Bastille doxxed, accused of abuse by former partner
Anonymous X user “Slippage” shared details of Bastille's abuse and claimed that his real name is William Edmund Bateman.
— Barry Silbert, Crypto mining
Zcash 10X’d in a year but DCG’s Zcash miner kept losing money
Barry Silbert’s Zcash miner Fortitude Mining has published financials that paint a very different picture to its June pitch deck.