Jane Street made $10 billion in trading revenue in a single quarter. For scale reference- thats more than Goldman, JP Morgan, Citi, or Bank of America managed in the same period They got banned from India’s stock market last year for manipulating a national index. They seized $570 million and called them “not a good faith actor that deserves to be trusted” Today they’re being sued for insider trading that helped trigger the $40b Terra collapse. And because they’re classified as a trading firm and not a hedge fund, they’re exempt from the disclosure rules that would force them to show you how they actually make their money. This is also the firm that handles BlackRock’s bitcoin ETF, btw

We are incentivised against succeeding in Australia.

Zambardo running again tomorrow r5 Caulfield Tough race against Pride of Jenni but good top 2 odds or all in at $6.75. Only 6 runners in this one.

GM

Sent money to the exchange and the bank made me answer security questions like I was crossing a border. Sir it's my money. I'm the scammer AND the victim in this economy, let me through.

CoinEx is shutting down on 22 December. 9 years to the day after it launched. The founder says it's crypto winter and compliance costs. In June, TRM Labs traced $3.84 billion moving between CoinEx and more than 60 sanctioned Iranian entities since 2019. $2.7 billion of that was with Nobitex alone, Iran's largest exchange. Roughly $1 million a day since 2018. Nobitex sent $360 million more to CoinEx than it ever got back. The money was only going one way, out of Iran. By 2024 CoinEx was Nobitex's biggest external counterpart, nearly 9 times larger than the next one. $6 million touched wallets tied to the Revolutionary Guard. $374,000 touched Palestinian Islamic Jihad. CoinEx ran at nearly 8% illicit transaction volume. Compliant exchanges sit at 0.3%. The Wall Street Journal reported that part of the $1.5 billion North Korea took from Bybit moved into CoinEx through Iranian wallets. How do you run at 27 times the illicit volume of a compliant exchange and stay off every list? On 2 June, OFAC sanctioned Nobitex, Wallex, Bitpin and Ramzinex. CoinEx wasn't on it. 3 months later it announced it was closing. CoinEx denies all of it and says Iran blacklisted the exchange back in 2021. “Crypto winter”

Low IQ Low attention span Low fertility levels Doomsday is coming

My first ever basketball game

And then they wonder why we have a black market problem. Australia is cooked.

Can I get a GM?

Oracle sent a force majeure notice on its $165B data centre yesterday Oracle's credit default swaps have become the market's hedge on the entire AI trade. Traders aren't buying protection on Oracle because they're worried about Oracle. They're buying it because it's the cleanest way to short AI capex and OpenAI execution S&P cut Oracle to BBB- in July. That's the lowest investment grade rating. One notch below is junk, where borrowing costs jump and institutions are forced to sell Oracle has roughly $117 billion of bonds sitting in the US high grade index, the largest non financial issuer in it Free cash flow last year was negative $23.7 billion Then yesterday Oracle told Blue Owl it wants to delay payments on Project Jupiter if the site misses 2028. The cause is power, which is Oracle's responsibility under the contract Blue Owl has $3 billion of equity in it and just had its returns pushed back It's already spreading. SB Energy delayed its IPO this week and financing talks on its Ohio campus for OpenAI are affected The whole AI buildout is financed on the assumption these sites come online on time This is just the first one that didn't

He’s wondering why people are moving from the centre to extremes, either the left or right and blaming it on social media. When in reality our country is so far gone that we are forced into these extremes. It’s not our algorithm. It’s our government.

18000x 🤯 don’t open rainbet don’t open rainbet don’t open rainbet

GM

May your orders fill and your pnl’s be large

A hacker just doxxed the owners of 8,000 casinos 40,000 internal documents from the Curaçao Gaming Authority are public and searchable. 800 owners, 650 licensed companies including their passports, tax returns, bank records. Lilith Wittmann registered on the licensing portal using the name of a Dutch trust manager the regulator already knew, with her own Gmail attached. She was inside within days and stayed 9 months. Stake's entity is on paper owned by Mladen Vuckovic, who declared over $1 billion in assets. The regulator's assessors doubted he was the real owner after finding loans worth hundreds of millions running to companies linked to founders Ed Craven and Bijan Tehrani. Neither appears on the application but the license was granted. 1xBet's assessors wrote that they suspected multiple owners, asked for clarification, never got an answer. Licence still granted. She did Malta last year. Platin Casino and SoftSwiss are her next targets.

GM & GN

Lowkey looks like it could hit 6 figs from here

Me 🤝 rainbet coinflip

This isn’t a memecoin. This is BTC