“Are you not entertained”??? MrBeast’s majority stake in Beast Industries is valued near $5 billion making him a paper billionaire, though the company remains largely unprofitable.
Just say Corporate Currency®!!! Sony plans to roll out a US dollar-backed stablecoin next year to let gamers and anime fans pay for Sony content more cheaply and efficiently.
Tethered to reality??? Driven by exponential supply growth, usage in 60 million wallets, and cross-border transfer costs as low as $0.01, stablecoins are rapidly infiltrating global financial infrastructure.
Attention AI investors: valuations can collapse even as fundamentals improve… In 2020 Zoom made $672 million in profit and its stock traded at $568/share. Today it makes $1 billion in profit and it trades at $85/share.
Nothing funny to add here… Over 300 victims and families of the October 7th Hamas attacks sued Binance and founder Changpeng Zhao, alleging they knowingly enabled over $1 billion in crypto transfers to Hamas, Hezbollah, PIJ, and IRGC in violation of the Anti-Terrorism Act and JASTA.
“If you’re happy and you know it, clap your hands”… Limited partners who committed capital to private equity funds in 2015 remain locked in a ten-year fund lifecycle as buyout holding periods have stretched, distributions-to-NAV have plunged, and valuations have become circumspect – undermining the LP-GP model.
Nothing says decentralization like bringing in the government… A founder of Cardano, a leading crypto blockchain, brought in the FBI after a developer’s AI-generated experiment triggered a dormant software bug that split the blockchain into two chains, crashed ADA 16%, and led to an IOG employee’s resignation.
“Then all the colors will bleed into one, but yes I’m still running”… HSBC projects OpenAI could face a $207 billion funding gap by 2030, despite assuming massive user growth, paid adoption, and enterprise success, concluding that AI’s future hinges on power generation, efficiency, and physical scalability.
“Like an overgrown standing army, they have become formidable – no politician would dare cross them”… According to some public records, Millennium ($81 billion), Citadel ($71 billion), Point72 ($41 billion), and Balyasny ($29 billion) collectively control a substantial share – possibly over 50% – of total AUM across the multi-strategy hedge fund space.
“Upside down, boy you turn me”… China continues to treat all crypto activity as illegal and reiterated that stablecoins are a threat to financial security because they fail basic identity and anti-money-laundering standards and fuel underground money transfers.
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