Sublime
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About the same time that he was trying to decide whether to sink more money into Twitter, Sam was handing $450 million to a former Jane Street trader named Lily Zhang, to create a second crypto quant trading fund based in the Bahamas, called Modulo Capital. So far as Ramnik could see, Sam had told no one about that until he’d done it.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Publicly, Bankman-Fried presented himself as an ethical operator and called for regulation to rein in crypto’s worst excesses. But through his hedge fund, he’d actually become the market’s most degenerate gambler.
Zeke Faux • Number Go Up: Inside Crypto's Wild Rise and Staggering Fall
On the one hand, the current market price implied that Sam’s Solana stash was worth maybe $12 billion; on the other hand, Sam owned roughly 10 percent of all the Solana in the world. It was hard to know what anyone would pay for it if Sam tried to sell it all. Forbes pretty much just ignored Sam’s Solana holdings, along with most of the rest of the
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
CZ was Changpeng Zhao, CEO of the crypto exchange Binance. Born in Jiangsu province, he was raised, from adolescence, in Canada, and educated there, returning eventually to China, with Canadian citizenship. He’d run through some ordinary jobs on the fringes of high finance—including a stint as a developer at Bloomberg—before landing as the chief te
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
a16zcrypto.com • Introducing the 2022 State of Crypto Report
Blockchain
Harold T. Harper • 6 cards
The Binance futures launch was a case in point. It had taken the Binance internal team three months longer to create their crypto futures trading platform than it had taken Gary, working by himself, to create FTX’s.…
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