Strive Blames Leverage Liquidations After SATA and Bitcoin Giant Strategy's STRC Plunge
The disastrous day for Bitcoin firms' preferred equity offerings may have been due to unwinding of leveraged positions in STRC and SATA.
Crypto News·

Bitcoin fell to around $62,000 on Friday, while CryptoQuant CEO Ki Young Ju warned that Michael Saylor’s continued accumulation strategy may not be enough to address what he considers the market’s most serious threat. In a June 19 X post,…
Read full articleThe disastrous day for Bitcoin firms' preferred equity offerings may have been due to unwinding of leveraged positions in STRC and SATA.
An IT executive changing jobs usually attracts little attention outside a narrow group of people, but Noam Shazeer’s move from Google to OpenAI is as momentous as any high-value soccer transfer. He announced the news in a post on X: “I’m excited to share that I’ll be joining OpenAI and look forward to working with the exceptional team there.” Shazeer initially achieved fame as one of the eight co-authors of the influential AI paper Attention Is All You Need, published when he was working at Google Brain. He is also one of the creators of the transformer technology that lies at the heart of modern AI models. He left Google when the company failed to back his chatbot Meena and was tempted back when Google subsequently bought the company he founded, Character.AI, for $2.7 billion. That company achieved notoriety when it was sued by a grieving mother, who alleged that a Character.AI chatbot had contributed to her son’s death by suicide. The company subsequently settling out of court. Shaze
The U.S. Department of War has told lawmakers it needs $80 billion to cover the war in Iran and other bills, a request that deepens the deficit worries that bitcoin proponents cite as the asset’s reason to exist. Deputy Defense Secretary Stephen Feinberg relayed the figure to Congress in phone calls. An $80 Billion Ask […]
The world's largest derivatives exchange operator said Wednesday it will sue the CFTC over the agency's approval of Kalshi's bitcoin perpetual futures, arguing the contracts should be classified as swaps under the Dodd-Frank Act.
An IT executive changing jobs usually attracts little attention outside a narrow group of people, but Noam Shazeer’s move from Google to OpenAI is as momentous as any high-value soccer transfer. He announced the news in a post on X: “I’m excited to share that I’ll be joining OpenAI and look forward to working with the exceptional team there.” Shazeer initially achieved fame as one of the eight co-authors of the influential AI paper Attention Is All You Need, published when he was working at Google Brain. He is also one of the creators of the transformer technology that lies at the heart of modern AI models. He left Google when the company failed to back his chatbot Meena and was tempted back when Google subsequently bought the company he founded, Character.AI, for $2.7 billion. That company achieved notoriety when it was sued by a grieving mother, who alleged that a Character.AI chatbot had contributed to her son’s death by suicide. The company subsequently settling out of court. Shaze
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The Federal Reserve didn't change the interest rates, as expected, while the US-Iran deal uncertainty still hinges despite promises.