Sometimes you see the dumbest shit and wish you could look away but you just have to call it out. CNBC tweets provide 95% counter-intuitive accuracy for #bitcoin prices. I mean what the fuck.
disclosure I got bored but here's my half ass analysis. So this superstar has cherrypicked a handful of CNBC tweets over 9 months. lets say 50. over that same period there has been more than 6.75m tweets on bitcoin. So his sample set is 0.00007ish.
btw did you know you can fit 28 people in a #mini. and if they all worked for #CNBC and could #tweet while in the mini they could manipulate the #bitcoin market. #bancnbcstuffedinminis
I also can't add up to 50
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yesterday I threw out an off the cuff question to @Bitfinexed
How much of the redeemed #tether was used to recover and maintain its peg?
The obvious answer is whatever they had to.
I've spent a big chunk of today crunching data to see what answers I could come up with.
Last night I scratched out my hypothesis - to maintain its peg...#tether would need to tap its own cash...can only do that via redemptions and the 'tell' will be burning the tokens like they never existed.
Basis for this thinking is pretty simple. That's what they do when they need cash and lots of it. Remember back in 2018 #novogratz was swooning over the orderly redemption of $700m by #tether.
The #tether#commercialpaper section has been expanded/updated to show not just the net changes but the new issues/rollovers etc....
The purpose of the #commercialpaper analysis was to highlight that the reported $6.4B reduction in CP was only half the story....and it kinda shits me that the numbers are just trumpeted by most news as is...
Have been working through $CEL #celsiusnetwork's $750m Series B round. Will share #googlesheets file tomorrow. Here's a preview.
3 Dec 2021 #Celsius resolved to issue up-to 36,930 Series B shares at a price of US$20,469 per share. As at 2 Feb 2022 total of 32,182 Series B shares had been issued. I'm presuming #bnktothefuture will have closed out the balance.
The #Celsius Cap table (as at 2 Feb) with pre/post money for each issue.
So finally got around to plugging in #tether's Dec 2021 attestation numbers. So their non-token debt is now up to 57m which means their net assets are down to $137m imagine having 80Billion in assets and still having to borrow money each quarter to fund operations....
oh and the increase in debt between quarters is $41m which just happens to be the fine #tether copped.