these types of posts always sound retarded to me bc 1) its sensationalist fearmongering ; 2) seeing is believing, especially in crypto, every cycle we have the same shit "hearing things, a large entity blew up", gets lots of views, and then no names appears ;

was sent a pretty in-depth report on what's driving the crypto unwind. the short version: a large non-crypto entity likely based in HK was running JPY carry trade funding into leveraged IBIT options + Binance positions + precious metals. Oct 10 blew a hole in the balance sheet

Dean Eigenmann

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Ho Chi Minh City is officially entering a new phase in its digital finance development strategy as the Ho Chi Minh City Digital Asset Investment Fund is launched with the ambition to reach a scale of 1 billion USD in subsequent phases...

Ho Chi Minh City launches a $1 billion Digital Asset Fund, aiming to become a "financial hub" for investors.

BitMEX co-founder Arthur Hayes publicly spoke to Multicoin Capital on the X platform [...]
The article, "Arthur Hayes Bets on Multicoin Founder: HYPE Will Outperform All Altcoin in Six Months with a $100,000 BET," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Arthur Hayes challenges Multicoin founder: He bets 100,000 magnesium that HYPE will outperform all Altcoin within six months.

Original article | Odaily Odaily(@OdailyChina)
Author｜Azuma (@azuma_eth)
In 2014, CZ, who had only been exposed to the concept of cryptocurrency for a year, made the most daring investment of his life—selling his apartment in Shanghai and "All In" on about 1,500 BTC for a three-figure price. Twelve years later, if CZ had never sold, this investment would have brought in a substantial profit of hundreds of millions of dollars (peak return of about $189 million).
Compared to the later establishment of Bina...