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The CEO of Intel $INTC isn't shying away from this dip 👀 He just added another ~$10,000,000 worth of shares with RSI at a 2+ year low and capitulation flashing for the first time since $20/share
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My goal with Chapter I was to make it clear that we're fully embracing RPG elements, not shying away from them. Now, as I said before, it's also important to work on the basics: better crafting, progression, and everything around them that makes a good game. A lot is going to change; I don't say this lightly. I'm not afraid of it all. The game loop we have today serves early access quite well, but it won't be the one we have in the future. The world will be the main character, thanks to world gen v2. That being said, I had a great time working on and playing Chapter I myself, but I'm not blind to the fact that the old world gen, progression, and crafting feel very dated. Our vision for Hytale is much grander than what it is today, and given how well Chapter I went, I truly believe we have the team, community, and support to get there. Another goal was to see how our production would hold up. This is a brand new team, rebuilt from the ground up just a few months ago, so we needed to learn where to hire and how to adjust our planning. Chapter I was a great first chapter to learn from, and the results were incredible. More than 80% of our hires in the past few months were from the modding community! While the team is busy with the cozy stuff, I'm personally working on revamping weapon and armor itemization by adding affixes and ways for players to improve their crafted and looted items. As simple as it sounds, it's another transformative change, because it lets us add reward vectors across the entire game. The first version will look basic at first glance, but it will grow over time, with affixes like "minion damage" that work with future minion runes, and much more, to create a wide variety of builds. I've been a big ARPG player since the late 90s, so you can expect to see a lot of inspiration. Cheers all, see you soon. Simon
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StreetAccount Event Preview: September FOMC meeting • September FOMC meeting ends Wednesday (16-Sep) with release of policy statement (14:00 ET) and Chair Warsh press conference (14:30 ET). Sell side previews broadly expect a 25 bp hike following last week's August CPI report, which did not show the disinflationary trend that some Fed officials called necessary to hold. Previews said policy statement will remain broadly unchanged, continuing to focus on justifying or describing the rate decision and shying away from explicit forward guidance. Street mixed on whether the dot plot would show one hike this year or two, though Warsh (again) expected to offer few details on Fed's reaction function or forward guidance. Given mixed views on disinflation trajectory, economists mixed on rate path ahead. #FOMC# #FederalReserve# #FedMeeting# #FedRateHike# #MarketUpdate# #Macro# #Disinflation# #MonetaryPolicy# #CPI# #InterestRates# Gain immediate access to unparalleled insights with #StreetAccount#:
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Last night, my lawyers moved to sanction World Liberty Financial @worldlibertyfi for failing to disclose, until months into my litigation against the company, that it is a citizen of the UAE 🇦🇪 . #WLFI# #USD1# For those who are new to this dispute, I was one of World Liberty’s earliest and largest investors.  In November 2024, I agreed to buy $30 million of $WLFI tokens under a Token Purchase Agreement with World Liberty, and I later increased my total investment to $45 million.  In April, I sued World Liberty, alleging that the company induced my investment through fraud and then unlawfully froze my tokens. My Token Purchase Agreement gives me the right to bring my claims in either California federal or state court.  I chose federal court. Federal courts can hear a case like mine only when the two sides come from different places.  Foreign plaintiffs like me can sue an American defendant in federal court, but foreign plaintiffs generally cannot sue a foreign defendant there.  For these purposes, a company like World Liberty takes on the citizenship of each of its owners, so a single foreign owner makes the company foreign.  In other words, so long as World Liberty and all of its owners were American, my case could be heard in federal court. The federal court’s rules required World Liberty to file a disclosure at the start of the case identifying every one of its owners and where each is a citizen.  World Liberty’s disclosure identified only one entity—World Liberty itself—and listed Florida as its sole citizenship.  Its lawyers certified that they were unaware of anyone else who needed to be disclosed. World Liberty then moved to compel arbitration, seeking to pull my case out of open court and into secret arbitration proceedings.  I opposed that motion, and my lawyers spent months and hundreds of thousands of dollars fighting it.  At a hearing in August, the Court signaled that it was not persuaded that my claims belonged in arbitration.  Instead, the Court ruled that certain of my claims should stay in open court, and certain claims should be sent to arbitration, and ordered the parties to meet and confer to come up with a proposed agreement on which claims stay in open court and which ones go to arbitration. Less than a week later, World Liberty suddenly “corrected” its disclosure.  Where it had previously listed only one member in its ownership chain, it now listed 22, and claimed citizenship in Florida, Delaware, Puerto Rico, and the UAE.  World Liberty now says that the federal court has no jurisdiction over my case, since its UAE citizenship means there are foreign parties on both sides of the case. The irony is hard to miss.  World Liberty’s gold paper declares that “[b]y design, World Liberty Financial is not organized offshore,” and that it is “an American, tax-paying, corporation that aims to bring DeFi to its rightful home—America.”  It promises a “US-based decentralized platform” built on “American ideals of liberty, privacy, and freedom to transact,” calls private, intermediary-free transactions “a core American value,” and boasts that “[r]ather than shying away from the United States, World Liberty Financial embraces the United States as the future CRYPTO CAPITAL OF THE PLANET.” World Liberty was proudly American 🇺🇸 when it was selling tokens.  It discovered its UAE 🇦🇪 roots only when it needed a way out of an American federal courtroom. World Liberty presumably always knew who its owners were.  Its lawyers claim that they learned about the company’s UAE citizenship only after they filed the original disclosure.  As my motion explains, if that is true, then either World Liberty’s lawyers failed to conduct appropriate diligence, or World Liberty did not give its lawyers a straight answer.  When we asked how this happened, World Liberty refused to tell us. Token holders deserve to know whether the projects they invest in are telling the truth, both to the public and to courts.  I am filing this motion to hold World Liberty and its lawyers accountable for what I believe was a misleading disclosure to the Court, and to make sure that the cost of World Liberty’s gamesmanship falls on them, not on me.  And after my sanctions motion is resolved in federal court, I will re-file my lawsuit against World Liberty in California state court. I will keep fighting for the transparency this community deserves.
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There is hyperventilation about AI right now. Some say the worry is overblown and others are convinced we’re doomed. Regardless of the rhetoric, there won’t be any slowing down. The monetary, political and security game dynamics guarantee that. It’s a race to get there first and there is no stopping it. How we build safety, whether we regulate, and how we cooperate will be a dynamic, unpredictable process. I applaud all who are in the arena doing their best to exercise their best judgment. Humanity is going to do its thing and…wing it. Where does that leave us? So what do we mortals do? Where can we find stability of emotion and thought amidst the turbulence? I have a suggestion for you. Say yes. To the experience and not the outcome. Bask in the glory of this moment. We are headed for the singularity. The apex experience of an intelligent race. I had a trial run doing this a few months ago when I did the entheogen 5-MeO-DMT. It’s the most powerful psychedelic on earth. I live streamed it. It was, without question, the most profound experience of my life. It rendered me dumbfounded and speechless. My consciousness settled onto a single concept: the insane, impossible-to-comprehend preciousness of our existence. To arrive at that understanding, I had to navigate a gauntlet that threatened my sanity. Seconds after the 5-MeO-DMT enters your body, you are transported into what feels like a different realm of existence. The molecule then poses a question to you: will you relinquish control or shall I crush you? If you say no, you’re annihilated and become trapped in a hellscape that has no exit. Primal panic overwhelms. If you say yes, you are allowed entrance to take one step deeper into this new realm. Then the 5-MeO-DMT asks you again, yes or no. Each time you say yes, it gets harder to bear the immensity of the terrain. You’re constantly teetering on losing your mind in an expanse that is exhilarating beyond description. Your only job is to say yes. Yes to… absolutely… everything. No hesitation. No conditionals. No stated preferences. Your essence must emanate acceptance of all things. If you make it through, you arrive at the peak experience of conscious existence. The crown jewel which has no peer. This is where I think we are heading and what awaits us. I think the coming years will feel like a 5-MeO-DMT experience for every single one of us. We may feel the crushing weight of uncertainty, speed of change, lack of control, and perceived psychosis. We will feel challenged in ways that we cannot currently imagine. We will feel primal panic and be uncertain if we can stop ourselves from psychological unraveling. The antidote isn’t more control or more knowing, it’s acceptance. This is not giving up or shying away from the fight. It’s calming the core and stabilizing your system to give you strength and stamina and avoid being taken over by the primal panic. In previous times of my life, I would have caved to 5-MeO-DMT. I didn’t have the physical, emotional, spiritual and psychological wherewithal. I encourage you to start practicing now. Whether in meditation, breathwork or prayer, take on the most complex issues of your life and arrive at full acceptance. One small step at a time. Things do not need to resolve as you want, or expect. Your only job is to say yes more thoroughly than you’ve ever said yes before. We talk a lot about the technology, about what AI can do and what we think it will be able to do. What we don’t talk about much is the spiritual strength we will each need to navigate this transition. We will need each other more than ever before, and we will need to summon a capacity that currently feels foreign to us. What lies on the other side? No one knows. This may be the first singularity event in the universe.
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