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The "Big Short" Michael Burry’s latest portfolio adjustment: he increased his holdings of JD.com’s 2029 call options and BYD’s common stock.

60 minutes ago

Michael Burry, the real-life inspiration for *The Big Short*, today disclosed via his Substack account that he adjusted his portfolio for tax-loss harvesting: he sold Lululemon and shifted the position to Deckers, sold Fannie Mae to buy Freddie Mac; converted his Sprouts Farmers Market holdings into 2028 call options, swapped Zoetis stock for 2029 call options, increased his holdings of JD.com’s 2029 call options and BYD’s common stock, and added new 2029 put options on MetLife. Additionally, Burry is still waiting for Alibaba to fall further, while his Fiserv position remains unchanged. Burry noted that the fourth quarter "will bring additional pressure to stocks that have already declined sharply". Note: Tax-loss harvesting refers to the practice of selling loss-making assets to realize paper losses, which can offset capital gains generated from other investments to reduce tax liability.

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US government transfers 264.863 BTC seized in Bitfinex hack case to a new address

According to on-chain monitoring, the US government has just transferred funds seized from the Bitfinex hack, with roughly 264.863 BTC (valued at approximately $22.87 million) moved to a new address.

7 minutes ago

The U.S. government transferred 264.863 BTC seized in the Bitfinex hack case to a new address.

According to on-chain monitoring, the U.S. government has just transferred funds seized from the Bitfinex hack, with approximately 264.863 BTC (worth around $22.87 million) moved to a new address.

7 minutes ago

Winklevoss has filed a listing application for a Zcash (ZEC) spot ETF with the U.S. Securities and Exchange Commission (SEC), under the ticker symbol WINK.

Winklevoss has filed a listing application for a ZEC spot ETF with the U.S. SEC, under the ticker symbol WINK.

7 minutes ago

Bitcoin ETFs see $91.72M outflow, Ethereum ETFs down $215.37M over 7 days

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7 minutes ago

DeFi Development has been authorized to launch the CHAD preferred stock repurchase plan.

Nasdaq-listed DeFi Development Corp. has authorized the launch of a CHAD preferred stock repurchase program, which allows for the repurchase of all outstanding CHAD preferred shares, including any future shares the company may issue. The program enables the company to conduct repurchases flexibly when CHAD’s share price falls below its $10 par value per share. The Solana treasury-focused company stated it has no immediate plans to repurchase CHAD, noting it first wants the security to build market liquidity and stabilize at or near its $10 par value. This indefinite authorization adds a potential capital allocation tool to DeFi Development (DFDV)’s existing $300 million CHAD ATM issuance program. The company previously said it plans to raise funds via this program to purchase additional SOL, and paid CHAD’s first dividend on October 1.

7 minutes ago

Banbury Road trains 32 models together, with the models independently developing distinct areas of expertise.

Beating AI Express News: AI lab Banbury Road has released Kardashev-0.7, a system composed of 32 distinct models. The team trained these models together via reinforcement learning, without predefining each model’s specific tasks, enabling them to develop unique specialties and complementary capabilities during training. This methodology is called RL for Population Scaling (RLPS). Prior RLPS experiments only reached up to 16 models. In the 8-model trial, the jointly trained model population scored 81.70%, outperforming 71.04% for 8 independently trained models and 72.65% for the same model sampled 8 times. In the 16-model experiment, 22 questions were answered correctly by only one model each, verifying that different models did learn distinct capabilities. Kardashev-0.7 expands this to 32 models. Banbury Road claims it delivers state-of-the-art performance at 0.007 to 0.02x inference cost and 0.03x memory usage. Its API beta is currently on a waitlist. However, the population scores from the earlier 8 and 16-model trials were derived post-hoc by picking the best result from multiple model outputs using standard answers. Since real-world applications lack standard answers, Banbury Road has not yet disclosed a full solution for the system to automatically select correct responses.

7 minutes ago

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