SPC priv/acc

BNB comes to Chainflip in the next release. One more chain, one less bridge.

🚨Michael Burry just said Elon Musk and Nvidia's deal is built on fake numbers. Burry published a detailed breakdown calling the entire structure "Fugazi", his word for fake. He is alleging that billions of dollars in Nvidia chips are being hidden off balance sheets, and that American retirees are unknowingly funding the whole thing. Nvidia, the world's largest AI chip company sold $5.4 billion worth of its most advanced GPUs, the GB200, to a company called Valor. Valor is not a real operating business. It is a special purpose vehicle, a shell company created specifically to hold these chips and nothing else. Nvidia also invested $1.9 billion of its own money directly into Valor on top of the sale. Those 100,000+ chips are now physically inside xAI's data center. xAI is Elon Musk's artificial intelligence company, the one that builds Grok. xAI is using every single one of those chips right now to run its AI models. But here is what Burry is flagging. Neither Nvidia nor xAI owns those chips on paper. Valor, the shell company holds legal title. That means $5.4 billion in GPU assets do not show up on Nvidia's balance sheet as inventory. They do not show up on xAI's balance sheet as assets. They are legally invisible to both companies. Nvidia gets to book the $5.4 billion as a completed sale and record it as revenue. xAI gets full use of the chips without owning them. And the risk disappears into a shell company in the middle. Now here is where American retirees enter the picture. Valor needed $3.5 billion in debt to fund this structure. Apollo provided it. Apollo is one of the largest asset managers on earth with $1.03 trillion under management and $834 billion specifically in private credit. Apollo raised the $3.5 billion, packaged it into debt securities, and sold those securities to Athene. Athene is Apollo's own insurance company. It sells fixed and indexed annuities, retirement savings products, to ordinary Americans. When a retiree buys an Athene annuity, they believe their money is sitting in safe, stable investments. That money is now inside a structure funding Elon Musk's AI data center. The numbers inside Athene are most alarming. Athene holds $74.2 billion in reserves. It has moved $217 billion in assets into a captive insurer based in Bermuda, meaning those assets sit outside normal US insurance regulation and oversight. Of the entire portfolio, 34.7%, equal to $103 billion, is classified as Level 3 assets. Level 3 is an accounting classification that means there is no observable market price for these assets. No outside party can independently verify what they are actually worth. The leverage sitting on top of those unpriced assets is 16 times. Burry's says: Every step of this structure is technically legal and publicly disclosed. But the entire thing was deliberately engineered across 8 to 12 steps to move credit risk off balance sheets and away from any market pricing. - Nvidia books the revenue. - Apollo collects the fees. - xAI gets the computing power. - And retirees sitting at the bottom of a 16x leveraged Bermuda insurance structure, holding $103 billion in assets with no market price carry the risk without knowing it exists.

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Secondary markets for compute will be enormous Enterprises already do this with GPU infrastructure: i) buy capacity in bulk at contracted rates ii) use what you need iii) resell surplus at a margin AWS even has a secondary marketplace for unused reserved instances; token-gated inference networks create the same imbalance a) Supply side: Large holders get allocations they don't burn through b) Demand side: Teams building fine-tuned models, RAG pipelines (models that retrieve and reference external data to improve their outputs), and adapter layers on top of base inference all need cheap compute to run enhanced outputs for specific verticals One side has surplus which feeds the insatiable appetite for affordable inference As more networks allocate compute through token ownership this pattern will repeat The @AskVenice DIEM token is pioneering opportunities to optimize compute usage using token models Hats off to @ErikVoorhees and the VVV team for enabling this You are seeing entirely new intelligence markets emerge

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🚨BREAKING: You can now perform native Bitcoin swaps in Phantom. Powered by Chainflip and @lifiprotocol

We must be doing something right reddit.com/r/VeniceAI/commen…

A single 25–30g dose of creatine not only reversed the cognitive deficits of 21 hours of sleep deprivation, but it also enhanced brain function beyond well-rested levels. Accompanying this was an increase in brain creatine levels and high-energy phosphates—suggesting that high-dose creatine effectively gets into the brain, where it has rapid bioenergetic effects. According to @darrencandow, this rapid effect on brain bioenergetics makes high-dose creatine a compelling candidate for treating conditions like TBI, dementia, and depression—where neuronal energy failure is a common feature. Our brain requires massive amounts of energy to function optimally —and the more that the brain is stressed, the more creatine seems to come to the rescue. Episode 100 of the FoundMyFitness podcast is live; it explores the emerging science of creatine for brain health, cognitive resilience, muscle strength, and bone density. Now available on YouTube, Spotify, and Apple Podcasts.

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For anyone who didn’t get to watch the Hyperliquid saga unfold in real time today - I present to you a video explainer as put together by @printer_brrr Best El Risitas dub I’ve seen in a loooooooong time