Risk Warning - Perpetuals交易涉及杠杆和高风险，可能不适合所有人 [1] - 始终进行自己的研究 (DYOR - Do Your Own Research) [1] Regulatory Restrictions - 在美国、英国或受限制地区不可用 [1] Technology & Legal - 由第三方 DeFi 协议（如 Aster）提供支持 [1] - 受 Trust Wallet 服务条款约束 [1]

Core Argument - The argument that a funded account is equivalent to its maximum drawdown is flawed, as buying power and loss budget are distinct [1] - Funded accounts offer higher leverage compared to personal accounts, reducing the risk of liquidation [2][3] - Funded accounts provide limited downside risk (evaluation fee) and unlimited upside potential, with risk managed through drawdown rules [4] Value Proposition of Funded Accounts - Funded accounts offer a significantly higher dollar per risk ($/R) compared to personal accounts, allowing for larger potential payouts with a smaller fraction of drawdown [3] - Breakout accounts provide leverage (5x for BTC, 2x for alts), making it challenging to replicate the notional value with personal accounts [3] - With a larger capital base in funded accounts, traders can achieve the same dollar return with less risk [5] Industry Context and Validation - The funded account model has been successful in FX and futures for over a decade, demonstrating its viability [4] - Top traders on the platform have generated substantial profits, indicating the potential of the product [4] - The company emphasizes that its product is not a scam, highlighting its acquisition by Kraken after due diligence [4]

Core Points - The Nasdaq Composite experienced a significant decline, dropping 0.6% as Wall Street moved away from riskier tech and consumer discretionary stocks [1] - The S&P 500 also fell by 0.3%, while the Dow Jones Industrial Average decreased by 100 points, equivalent to a 0.2% drop [1] - Despite the overall decline in major indices, market breadth was positive, with approximately 300 S&P 500 stocks gaining on the day [1]

Market Trends - HYPE multiple compression is a risk in the decentralized perpetual exchange (perp dex) landscape [1] - The perp dex landscape is becoming more competitive [1] Financial Performance - Annual revenue is almost back to all-time high (ATH) [1] - Market participants are not willing to pay as much for future uncertain revenues [1]

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Core Insights - AuditBoard and Protiviti have launched two AI-driven solutions to enhance risk management and audit processes within enterprises [2][5] - The solutions aim to improve data quality, streamline workflows, and provide strategic value to Governance, Risk, and Compliance (GRC) teams [2][3] Company Overview - AuditBoard is recognized as a leading AI-powered GRC platform, trusted by over 50% of Fortune 500 companies for managing risk [6] - Protiviti is a global consulting firm that collaborates with AuditBoard to deliver tailored solutions across various sectors, including finance and technology [7][9] Product Features - Generative AI Integrations allow organizations to create agents that communicate directly with the AuditBoard platform [3] - Deep ERP Integration facilitates continuous monitoring of financial controls by driving essential financial information into AuditBoard [4] - Integrated Reasoning enables AI agents to connect risk, control, and issue data for improved search capabilities [7] - Intelligent Pre-population uses historical data to generate context-aware language for risk justification and mitigation [7] - Automated Data Retrieval enhances efficiency by eliminating manual stakeholder involvement in data collection [7] Strategic Implications - The collaboration between AuditBoard and Protiviti signifies a shift from reactive compliance to proactive risk intelligence, enhancing organizational maturity and strategic value [5] - The integration of AI into daily business operations is expected to elevate assurance and improve decision-making processes [5]

What is your number one risk. What is the thing that you are most worried about. What do you think is the biggest threat to America and to America's dominance in 2025.First, human nature. Can we rise above our own selfish fighting possibly self-destructing or mutually destructing tendencies to find the common solutions or the compromises to be able to not have the worst of what is possible. So that's that's number one.Number two is in each country being strong and in it together. Okay, I believe if the Unit ...

Financial Risk - Highly indebted governments, similar to banks, face vulnerability to runs [1] - Fear of a crisis can trigger a crisis [1] Market Sentiment - The level of risk markets are willing to bear is a key consideration [1]

Investment Strategy & Risk Management - Investment strategies should be tailored to individual goals and life circumstances, as a one-size-fits-all approach is not suitable [3] - Sticking to a well-defined investment plan is crucial, despite market volatility and inevitable downturns [3] - Panic selling during market downturns can lock in losses and prevent participation in subsequent recoveries [4][5][6] - Market crashes can present opportunities to buy stocks, as evidenced by insider buying activity during financial crises [7] - A long-term mindset, focusing on the fundamental value of companies, is essential for navigating market volatility [8][9] - Building a margin of safety into stock purchases allows for error and provides a buffer against market fluctuations [9][10] Investment Timing & Dollar Cost Averaging - Timing the market is less important than the investments themselves; even investing at the worst times can outperform not investing at all in the long run [10][11] - Dollar cost averaging, involving regular investments regardless of market conditions, is an effective long-term strategy [11]

Stock Classification - Market capitalization is a common way to classify stocks, representing the total monetary value of a company's outstanding shares [2][3] - Large-cap stocks, with market capitalization greater than $10 billion, tend to be stable with lower volatility and high dividend yields [4] - Small-cap stocks, with market capitalization under $2 billion, have potential for rapid expansion but carry more risk [5] - Mid-cap stocks offer a balance between stability and growth opportunities [6] Investment Styles - Value stocks trade at a price below their intrinsic value, offering potential opportunities [8] - Growth stocks are expected to have rapid intrinsic value growth, justifying their current market price [9][10] - Dividend stocks are from established companies that distribute profits as dividends, providing a steady income stream [10][11] Investment Vehicles - Mutual funds are portfolios managed by professionals, offering diversification but with management fees [12][13][14] - ETFs (Exchange-Traded Funds) are static baskets of stocks, providing diversification without active management fees [14][15]