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Archegos 2.0? Star AI Investor's Fund Seeks Fresh Cash After Massive Levered Bets Blow Up
Archegos 2.0? Star AI Investor's Fund Seeks Fresh Cash After Massive Levered Bets Blow Up
Update (1000ET): Situational Awareness has exited all of their public investments, CNBC’s David Faber reports on air, citing people familiar with the situation.
Faber reports that the liquidation was done “through one enormous trade."
Roughly two-thirds of the assets under management at Situational Awareness were public equities, both that he owned on the long side and that he was shorting, Faber says.
That could help explain the panic bid in Nasdaq this morning, as investors may believe the overhang...
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While much of the market focus has fallen on the US long-end, which saw substantial pressure in the past week, sending 30Y yields to 5.27%, the highest level since 2007, it was Japan again which stole the show overnight. But first, recall that the primary tradeoff for the BOJ preventing it from raising rates and comfortably pushing up the yen without needing to spending tens of billions in massive interventions (whether individual or joint with the...
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Ethereum Can Quantum-Proof Accounts For Just 7 Cents, Says Foundation's Kohaku Project Lead
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Authored by Zoltan Verdai via CoinTelegraph.com,
Ethereum could begin adding post-quantum protections to accounts for as little as $0.07, without waiting for a hard fork, according to the Ethereum Foundation's Kohaku project lead Nicolas Consigny.
In a Saturday X post, Consigny shared a paper proposing a cheaper way for Ethereum users to protect their accounts against future quantum-computing threats. The approach adapts SPHINCS+, a post-quantum signature standard developed by the US National Institute of Standards and Technology, to work more efficiently on...
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