ftav

Binance: Situation All FUD Up

Crypto exchanges don't have a great reputation for segregating money. FTX, Celsius Network and QuadrigaCX all stole from customers, while Bitfinex raided reserves backing the Tether stablecoin to hide its own losses. Binance might have been on the same list, having been charged by US regulators in 2023 with commingling customer deposits and moving cash around trading companies.

wired.com

The US Government Launched 3 Previously Unreported Investigations of Polymarket Trades

The agency that oversees prediction markets has investigated Polymarket trades on Biden pardons and the Iran war—and even more potential insider trading at Google, documents obtained by WIRED show.

longreads.com

Sam Bankman-Fried’s Prison Experiment

Prison boredom also forced Bankman-Fried to abandon his infamous prejudice against books, most of which he believes should be no longer than blog posts. The books he reads are escapist. Relatively early in his incarceration, he estimated he had read 13 books about Navy SEALs, 27 space operas, 12 fantasy novels, two true-crime books, and one romance novel.

readtrung.com

FIFA's World Cup Ticketing Fiasco, explained

FIFA sold a crypto token that gave buyers the "Right To Buy" a FIFA ticket. This was separate from the ticket price itself. Many users bought the token (jesus, what a grift) only to later see the marked up price and declined their "right to buy". They didn't receive a refund. FIFA likely made "tens of millions of dollars" from the scheme.

readtheprofile.com

The Profile: The founder who built the most profitable startup & the investor who bet everything on ChatGPT

Yan and his tiny team of 11 built Hyperliquid into one of the most profitable startups per employee in the world — rejecting venture capital, refusing to pay insiders, and distributing billions of dollars worth of tokens directly to users instead.

ftav

Everything is stonks

Volatility is suppressed until it's not. You can't choose which chart you'll get. There's no BTFD without YOLO and FUD.