Yang retweeted
China CXMT Testing Production Line for Next-Gen Bonded DRAM, Closing Tech Gap With Korea "Far Faster Than Expected" zerohedge.com/technology/chi…
Yang retweeted
We've completed the first Trustless Vaults experiment.
We successfully borrowed USDC against native BTC on Ethereum Mainnet with @MorphoLabs.
BTC is the largest capital pool in crypto and has been cut off from DeFi.
We solved this. This is a historic moment.
The experiment 👇
Today's mainnet experiments demonstrate for the first time feasibility of trustless BTC-backed lending on ETH. This is enabled by the integration of multiple technologies:
- BTC script design of the vault to avoid trust assumptions of bridges.
- Garbled-circuit based off-chain ZK verification to reduce on-chain fees by more than two orders of magnitude from BitVM2
- ZK-VM based Ethereum light client to verify Ethereum L1 state
- smart contract integration with the Morpho lending protocol on Ethereum
This would not have been possible without deep collaborations with multiple teams:
- @MorphoLabs
- @SuccinctLabs
- BitVM Alliance and @robin_linus (and a shout out to @jeremerubin for inspiring us all to go down the garbled circuit route!)
Finally, kudos to the @babylonlabs_io R&D team who worked day and night to turn trustless vaults from a dream to a reality in two months. Thank you!
Yang retweeted
It’s on, NYC! 🗽
@blockspaceforce is proud to be a Silver Sponsor at #SmartCon.
This must-attend blockchain experience offers extensive insights into the future of finance, from infrastructure to applications with @chainlink.
🔗 Join us there: chain.link/smartcon
We launched BSF Capital - an evergreen open-ended hedge fund investing in public equities with underlying crypto exposure - what we coined “hashtag#blockstocks” (blockchain + stocks) at @blockspaceforce.
The fund will back the best companies at the intersection of crypto + TradFi, whether that’s Digital Asset Treasury (DATs), pure-play crypto companies like Coinbase, or crypto-adjacent companies.
This quoted post is unavailable.
Yang retweeted
Charting new grounds is daunting.
Don’t worry. We’ve flown this mission before.
Today, we reveal our new logo.
A symbol for where we’ve been
and where we’re going.
Strap in for the ride. ↓
Yang retweeted
Bitcoin treasuries make strategic sense.
But their premiums?
🔭 Worth a closer look.
Today, 170+ public companies now hold >984K BTC (~$112B).
🧑🚀 But our VP of Strategy, @CharlesChong_, breaks down why it’s not an infinite money glitch.
🔗👇
Yang retweeted
Nasdaq-listed Caliber announces that its Board of Directors has formally approved the Digital Asset Treasury Strategy (DAT Strategy) and Digital Asset Treasury Policy (DAT Policy), planning to allocate a portion of its treasury funds to purchase LINK tokens from the Chainlink protocol for long-term appreciation and staking yield generation. globenewswire.com/news-relea…
Yang retweeted
🤨 Think you understand “crypto treasuries”?
🗣️: “They just buy Bitcoin & hold”
🗣️: “They’re just like ETFs”
Wrong.
You’re misunderstanding a $150B opportunity.
The real edge?
👉 Crypto Asset Product Companies (CAPs)
Yang retweeted
🇺🇸ALL OF TRUMP’S DAY 1 EXECUTIVE ORDERS—A MEGATHREAD
Trump wasted no time on his return to the presidency, signing a wave of executive orders on his first day in office.
From border security to government reform, energy policy, and pardons, the actions reflect his campaign promises to bring back "common sense" and restore his America First agenda.
Here’s a full breakdown of every executive order Trump signed on Day 1:
Yang retweeted
this has been floating around and many of you have been wondering how could China’s entrepreneurial activity have fallen off a cliff like this, so I thought I’d explain why.
spoiler: FT analysis is quite flawed
Venture capital executives in China painted a bleak picture of the sector to the FT, with one saying: 'The whole industry has just died before our eyes.' on.ft.com/4ejqPZD
Yang retweeted
SEAL Leaderboard Update🥇
We added 3 new models to the SEAL Leaderboards:
- GPT-4o-latest (gpt-4o-2024-08-06)
- Gemini 1.5 Pro (Aug 27, 2024) (gemini-1.5-pro-exp-0827)
- Mistral Large 2 (mistral-large-2407)
More detailed results in thread 🧵
Yang retweeted
the mission continues
We remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and in continuing to support our customers and partners. We look forward to getting to know Emmett Shear and OAI's new leadership team and working with them. And we’re extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team. We look forward to moving quickly to provide them with the resources needed for their success.
Yang retweeted
We remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and in continuing to support our customers and partners. We look forward to getting to know Emmett Shear and OAI's new leadership team and working with them. And we’re extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team. We look forward to moving quickly to provide them with the resources needed for their success.