Source: Chamath Palihapitiya shelved plans to raise $1B for an early-stage investment fund, in part due to fundraising challenges
Kia Kokalitcheva / Axios : X: @mhdempsey , @thestalwart , @carnage4life , @riddle245 , @fisurgi , @hitsamty , @jasonlk , @fed_speak , and @bucknsf X: Michael Dempsey / @mhdempsey : It is truly shocki...
An in-depth look at GPU supply and demand, particularly Nvidia H100s, how a reliance on TSMC causes bottlenecks, H100 clients, Nvidia's allocations, and more
Introduction — As of August 2023, it seems AI might be bottlenecked by the supply of GPUs. … Is There Really A Bottleneck? Twitter: @nixcraft , @thestalwart , @mhdempsey , @wholemarsblog , and @lpol...
Filing: Vermont says Celsius CEO Alex Mashinsky repeatedly misled investors about the lender's finances and used its own CEL token to bolster its balance sheet
The crypto lender admitted in a recent creditor call that it could not earn enough revenue to support its yields, the Vermont Department of Financial Regulation said. Tweets: @davidzmorris , @ldrogen ...
Crypto network Helium claimed for years that Lime is a client, which Lime calls “a false claim”; source: Lime is preparing to send a cease and desist to Helium
Matt Binder / Mashable : Tweets: @ahcastor , @mattbinder , @thestalwart , @katebevan , @carnage4life , @can , @dcseifert , @kwerb , @chafkin , @mattbinder , @mattbinder , @timfernholz , and @silverma...
[Thread] A look at Helium, a network of 500K+ crypto mining hotspots, which raised $365M from a16z and others and generates an estimated $6.5K/month in revenue
.@Helium, often cited as one of the best examples of a Web3 use case, has received $365M of investment led by @a16z. Regular folks have also been convinced to spend $250M buying hotspot nodes, in hope...
Jason Calacanis says litigation, and possibly criminal charges, await the companies and “grifting” VCs that knowingly flipped crypto tokens to retail investors
Watch out venture capital, the regulators are coming. — That's the warning from long-time angel investor Jason Calacanis … Tweets: @alex , @tracyalloway , @mdudas , @thestalwart , @nouriel , @mliebr...
As crypto enters another winter, Jimmy Fallon, Serena Williams, Reese Witherspoon, Meek Mill, and other celebrities quietly remove their NFT profile pictures
Jimmy Fallon, Shonda Rhimes, Travis Barker, and Meek Mill are among the celebrities who have abandoned their NFT avatars. Tweets: @crypto_bobby , @ben_mckenzie , @thestalwart , @anthony , and @danielg...
The tech market collapse, aided by macroeconomic forces, is an opportunity to reckon with inflated valuations, overzealous VCs, and the rise of crypto startups
Over the past half-century, Silicon Valley has toggled between two similar-sounding pursuits that are often in conflict: wealth creation and moneymaking. Tweets: @bradstone , @thestalwart , @hharrisem...
On a podcast, FTX CEO Sam Bankman-Fried says calling crypto “yield-farming”, where coins are staked for interest, a “Ponzi” is a “pretty reasonable response”
Sam Bankman-Fried describes explains “yield-farming” to Bloomberg. — Honk honk! Source: Bloomberg . Tweets: @wallstcynic , @katie_martin_fx , @cavandy , @emilyjnicolle , @tracyalloway , @katie_marti...
Analysis: Coinbase influences cryptocurrency returns, most coins underperform BTC and ETH over time, and VC-backed coins give the worst returns of all
Note: This is not investment advice and my investment disclosures are below. — Special thanks to my Ali Khan for running the scripts to grab and analyze pricing data. Tweets: @balajis , @jack , @lud...