AI Fund COLLAPSES, Bitcoin Exploit & Fed Holds Rates
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Markets endured a brutal start to the week as Asian stocks crashed, the Nasdaq sold off and fears around the AI trade intensified. But sentiment recovered after the Federal Reserve held rates steady, Asian markets rebounded and suspected intervention sent the Japanese yen surging.
Bitcoin continued chopping sideways despite progress on the CLARITY Act and new regulatory developments, while a disastrous hardware wallet exploit left crypto holders scrambling to protect their funds.
Guy and Louis also examine the collapse of Leopold Aschenbrenner’s Situational Awareness fund. After reportedly gaining 439% this year, its leveraged AI bets unravelled during July’s tech selloff, triggering margin calls and forcing Citadel to step in.
Plus, TA with Aaron, tweets of the week, dates for your diary and much more.
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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