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The news and commentary we’ve posted throughout the past 24 hours, so you won’t miss a big story. Delivered Sunday through Friday. Mobile Archives Site News. Enter Techmeme snapshot date and time: Cancel. Mediagazer memeorandum WeSmirch. Decryptor0 Newsletter : Su Zhu’s mysterious comment comes as speculations of 3AC liquidations and insolvency circulate.
Another day in crypto : Another Day in Crypto 2 — GM frens, thanks to all who have read and subscribed! By end of June only 8. CP exposure going to be reduced to 0. No exposure to Celsius on our reserves. Liquidated without losses. No exposure to 3AC. How much worse can things really get anon? This is oof city. Expect every lender to take on hits from 3AC. Nexo has always differentiated itself from others as being a very conservative lender with stringent risk management and strict over-collateralization requirements, regardless of borrowers’ reputation.
In other words, a temporary condition vs fundamentally bad bet which may be why they have a shot at fighting through an insolvency. I hope you pay us back asap. We learned that they acquired it elsewhere. It is now obvious that Nexo’s approach was correct. It’s a slaughter out there. How much worse can it get? Hopefully the bottom is near. If true, this is devastating. Different beasts. It’s their own shitty decision making.
And will these counterparties have to adjust their books given their own exposure? Hoping for an orderly resolution, but markets sometimes aren’t orderly Hunker down. Make sure you can last. If you think things are bad just wait. At peak, it had over 5 billion dollars of assets and owned hundreds of thousands of ETH. As of today, it appears insolvent, and it’s taking the whole crypto market with it.
Our yield is built on the safest DeFi protocols unlike most CeFi offers , making us immune to the collapse of the counterparties of CeFi yield providers. Fuck off. Hate seeing this. Whatever happens, I think it’s worth commending zhusu and the team for their great work in the industry.
Like, is there a spillover risk? Or are we just draining unproductive excess bullshit Genuinely curious. Please let me know. Tweets: nothing , mcwm , benedictevans , connorjewiss , aulia , tomwarren , and r3dash. So here it is. This is phone 1 design. More to come. Tune in on 12 July. Carl Pei Nothing Series 1. Full of soul. A return to instinct. This is phone 1. But there is a market gap for a phone with some design sensibility that isn’t Apple. This just looks like a whole lot of It has transparent illuminating light strips at the rear.
That would make things interesting. Expand More For Next. Unexpand More For Next. Tweets: tim , counternotions , and benwood. Mashable : Carl Pei’s Nothing gives us a glimpse of its first smartphone. Essentially nothing? The browser is finally retiring. Fortune : Internet Explorer is finally no more. Firstpost Tech : Goodbye Internet Explorer: Microsoft finally retires the ailing web browser after 27 years.
The Browser Retires Today. Internet Explorer is dead. Long live Internet Explorer. But the web — which enabled cloud computing — was a threat to Windows.
An interesting bit of internet history reaches its conclusion today. The world is moving on from the era of a browser artificially tied to its vendor’s operating system, hence a slow update cycle leaving them full of bugs and security holes and holding back the Web. There’s a lesson there, Apple. After 27 years, Microsoft is officially shutting it down. Very rare for a case like this to be annulled. Wall Street Journal : Source: crypto lender Celsius Networks is looking for financing options from investors and exploring other strategic alternatives, like financial restructuring — Celsius Network, among the largest crypto lenders, has paused user accounts, citing extreme market conditions.
CelsiusNetwork is working as quickly as possible and will share information as and when it becomes appropriate. Acting in the interest of our community remains our top priority. It goes first to pay Celsius’ bills. This could be the rug pull to end all rug pulls. This gives it more breathing room.
Why not say clients? Clients can sue you for breaking the ToS but community is just all koombaya don’t worry bro let’s yolo it? For the layman, that means they’re broke, can’t pay their bills and may be on the verge of bankruptcy. I dont see them being able to raise enough capital to cover redemptions. Buckle up. We had a few heated debates and it turns out we have about 20 people out of who are totally not on board.
Funny thing is the biggest activists have the most myopic view of the world. They don’t realize how discriminatory they are to others. It’s time to get back to building! Bear markets are the best for recruiting talent that is both aligned with our culture and our mission. Check out Kraken Culture Explained for more.
I was on the Cypherpunks email list in the 90s when the initial round of digital currencies were being used DigiCash, CyberCash, etc. How convenient. Someone’s likely been sharing internal chat in breach of their NDA devoid of context, with a journalist who we expect to publish a hit piece in the next few days. I just want to say we welcome all, and don’t believe the news. Silicon Valley’s view of diversity in the world is dangerously limited, a commodification of individuals, and a disturbing reflection of profound ignorance.
I joined in the middle of the bear market and I’m hitting 6 years this August!! Don’t despair. Bear markets are for building. Join us!