Everyone knows the story of Michael Sailor and now Tom Lee who've accumulated billions of dollars in Bitcoin and Ethereum through digital asset treasury companies. But what if I told you a new more aggressive chapter is being written right now. A silent invasion where corporate treasuries are moving beyond Bitcoin and Ethereum and accumulating massive positions in altcoins like Salana, Suie, and even Worldcoin.This isn't about diversification. It's a highstakes gamble that could either trigger the next para ...

The largest source of systemic risk in crypto is not in cryptobut crypto will suffer the most because it is *the most connected system of value*, meaning most prone to contagionthe biggest risk is the downstream effects of what I will call the Larry Ellison trade:> Be Oracle (cloud company)> Sign 300B GPU deal w OpenAI> Oracle stock goes up> OpenAI raises round> Oracle CEO Larry invests handsome since stock up from the above GPU deal> OpenAI now has the money to pay the above GPU deal> Oracle stock up again ...

AI Risk & Inequality - Google researchers warn AI "sandbox economies" could amplify inequality and systemic risk [1] Ethical AI Design - Industry needs to design AI systems with human values in mind [1]

Core Viewpoint - India is opting for partial oversight of the crypto sector rather than a comprehensive law, due to concerns about systemic risks associated with integrating digital assets into the mainstream financial system [1][2][6] Regulatory Environment - The Reserve Bank of India (RBI) has expressed skepticism about effective regulation, suggesting that legitimizing cryptocurrencies could lead to wider adoption and systemic risks [2][6] - The government has implemented heavy taxation, including a 30% tax on profits and a 1% tax deducted at source on transactions, which has significantly reduced domestic trading volumes [3][4] - Global exchanges can operate in India if registered with the Financial Intelligence Unit, as demonstrated by Bybit's resumption of services after paying a penalty [3] Market Dynamics - Despite regulatory restrictions, crypto adoption in India remains strong, with an estimated $4.5 billion held in digital assets [4] - The current regulatory framework is designed to discourage speculative trading and penalize fraud, contributing to India's leading position in the global crypto adoption index [4][7] Concerns about Stablecoins - The government has raised concerns regarding stablecoins, noting their vulnerability to market shocks and potential to disrupt domestic payment systems, particularly the Unified Payments Interface (UPI) [5] - The growth of stablecoins, often pegged to the U.S. dollar, could pose challenges to global financial stability [5] Future Outlook - India is maintaining a cautious approach by tightening oversight without granting legal recognition to digital assets, which could make them systemic [6]

Market Performance - Bitcoin experienced a decline of approximately 6.5% in August, marking its first monthly drop since March, despite reaching a new all-time high of $125,000 earlier in the month [1] - Ether, on the other hand, saw a significant increase of nearly 19%, raising its market capitalization share to around 13% [1] - Bitcoin funds faced net outflows, indicating profit-taking, while ether ETFs attracted substantial inflows, resulting in record levels of assets under management [1] Trading Activity - Market activity remained high, with spot trading volumes exceeding the twelve-month average, which is atypical for the summer season [2] - Open interest in bitcoin and ether options reached new highs, with August recording BTC option trading volumes at $145 billion [2] - Implied volatility remained relatively low but increased towards the end of the month, suggesting potential underestimation of risk in the options market [2] Gold vs. Bitcoin - Gold prices surged due to a combination of factors including falling rate expectations, persistent inflation, trade deficits, a weaker dollar, and geopolitical risks [3] - The dismissal of Fed Governor Lisa Cook raised concerns about the Federal Reserve's independence, contributing to gold's price increase [3] - In contrast, bitcoin's price declined on the same day the news about the Fed Governor's dismissal was announced [3] Correlation Analysis - The correlation between bitcoin and gold has been inconsistent, with short-term correlations fluctuating between 12% and 16% over 30- and 90-day periods [4] - Over a longer 180-day horizon, the average correlation is slightly higher but still low, indicating that the two assets do not consistently move together [4] - Since 2024, the average 180-day rolling correlation has increased to around 60%, suggesting that the 'digital gold' narrative may be gaining traction among investors as the asset class matures [4]

印度抵制全面加密货币框架，担心系统性风险印度政府认为，对加密货币进行监管将赋予其“合法性”，并且“可能导致该行业具有系统性风险”。印度倾向于不制定全面立法来规范国内加密货币，选择维持部分监管。相比之下，尽管全面禁止可以应对以投机为主的加密资产带来的“令人担忧”的风险，但无法应对点对点转账或去中心化交易所上的交易。 ...

RT s4mmy (@S4mmyEth)I’d be concerned with the systemic risk as crypto matures and becomes correlated with tradFi markets, particularly given DATs.27% of the S&P100 has a P/E over 50.Can someone explain how that’s sustainable, and if stocks nuke surely that means crypto nukes with it? https://t.co/72oQZKI8ax ...

I’d be concerned with the systemic risk as crypto matures and becomes correlated with tradFi markets, particularly given DATs.27% of the S&P100 has a P/E over 50.Can someone explain how that’s sustainable, and if stocks nuke surely that means crypto nukes with it? https://t.co/72oQZKI8axPix🔎 (@PixOnChain):most people say we didn’t get to “euphoria” this cyclebut i think we didmaybe not as obvious as last timebut memecoin season was insaneso was the AI metathe difference is this time it was fragmentednot eve ...

We asked a reasonably sized crypto asset manager if treasury companies are posing a systemic risk to $ETH & $BTC long-term.His answer was...https://t.co/zm1Rhh8xu9 ...

Oracle Risks in DeFi Lending & Trading - Oracles create systemic risk for lending and trading platforms [1] - Multi-million-dollar failures are tied to oracle exploits [1] Ammalgam's Solution - Ammalgam's architecture removes the need for oracles entirely [1] - Oracle-free architecture benefits LPs, market makers, and traders [1]