[{"data":1,"prerenderedAt":380},["ShallowReactive",2],{"$fgukOamtKU1RtUiMFsqdObttmqPPQz0uc7bl_gj_LyX0":3,"$fAzsF49Mj6If1xrfKYjWCzSUP4RruopH8R-CBOfgqJHw":245,"article-513":379},{"code":4,"msg":5,"data":6},0,"",{"category":7,"tag":11,"popular":19,"latest":86,"banner":126,"list":151,"cache":244},[8,9,10],"Agent","OpenAI","LLM",[8,12,13,14,9,10,15,16,17,18],"Google","Nvidia","Claude","DeepSeek","OCR","Chat","Generator",[20,29,37,45,54,62,70,79],{"id":21,"publish_date":22,"is_original":23,"collection":5,"cover_url":24,"cover_url_1_1":25,"title":26,"summary":27,"author":28},411,"2023-09-10",1,"article_res/cover/451ef50c225a8dc61c4336506794d13b.jpeg","article_res/cover/3ba9dc7a72f87d40b20fc2d225289ee3.jpeg","Idealism","Reality is created by the mind, we can change our reality by changing our mind. - Plato","Renee's Entrepreneurial Journey",{"id":30,"publish_date":31,"is_original":23,"collection":32,"cover_url":33,"cover_url_1_1":34,"title":35,"summary":36,"author":28},108,"2024-12-07","#LLM #AGI #AI Agent","article_res/cover/0039044422e4ec9f61c18e8ee1693bb0.jpeg","article_res/cover/4220971b108a91d21407d87bb02fbaa6.jpeg","Freysa.ai: The World's First Adversarial AI Agent Game","说服 Freysa 把钱包里的钱都拿出来",{"id":38,"publish_date":39,"is_original":23,"collection":40,"cover_url":41,"cover_url_1_1":42,"title":43,"summary":44,"author":28},12,"2025-03-09","#Oxford #Reasoning #LLM #Tool Use","article_res/cover/d448e9b3617a0b5302e1bd10c438bca9.jpeg","article_res/cover/864a468f9cc4c9317efadb3811909888.jpeg","Agentic Reasoning Framework - Significantly enhance the reasoning ability of LLMs through the integration of external tools using agents","Agentic Reasoning: Reasoning LLMs with Tools for Deep Research",{"id":46,"publish_date":47,"is_original":4,"collection":48,"cover_url":49,"cover_url_1_1":50,"title":51,"summary":52,"author":53},480,"2023-04-14","#Stable Diffusion","article_res/cover/0bdbe7cb1de4a78e54536e5d9afa7ec9.jpeg","article_res/cover/b3d6ffec0608dcfaf18c5a69906d1490.jpeg","【AIGC Learning】Generate Prompts Using Word Graphs - Stable Diffusion Web UI Series 13","AI will become a powerful tool in education, transforming the way we learn and deliver instruction.  \n- Reid Hoffman","--",{"id":55,"publish_date":56,"is_original":4,"collection":57,"cover_url":58,"cover_url_1_1":59,"title":60,"summary":61,"author":28},413,"2023-09-08","#Neuroscience","article_res/cover/74f8302d78a23d9430f22171eae136b6.jpeg","article_res/cover/87ca08af81bb304746be5261160964c0.jpeg","Can machines be conscious?","Do we have an ethical obligation to not turn off conscious machines? Would turning them off be murder? No. I don't lose any sleep over unplugging a conscious machine.\n- Jeff Hawkins, \"A Thousand Brains\"",{"id":63,"publish_date":64,"is_original":23,"collection":65,"cover_url":66,"cover_url_1_1":67,"title":68,"summary":69,"author":28},178,"2024-09-09","#Entrepreneurship","article_res/cover/a7224f025b55d1820408085faef63079.jpeg","article_res/cover/11a9995b096cbf64465ef01b8673b154.jpeg","37signals company","This damn sense of relaxation",{"id":71,"publish_date":72,"is_original":4,"collection":73,"cover_url":74,"cover_url_1_1":75,"title":76,"summary":77,"author":78},460,"2023-05-12","#Google","article_res/cover/b970687b12faa52da976f91248c2aa7b.jpeg","article_res/cover/d1e71b52cfd2c63bc6e71f3e85ff135c.jpeg","Learn what BRC-20 and Ordinals are using Google Bard","Ordinals - a new protocol that allows users to store arbitrary data on the Bitcoin blockchain","Google Bard mainly writes",{"id":80,"publish_date":81,"is_original":23,"collection":5,"cover_url":82,"cover_url_1_1":83,"title":84,"summary":85,"author":28},309,"2024-03-26","article_res/cover/9877f95894ee88532d0e6012c23a2df3.jpeg","article_res/cover/20092164ddc109ce6ae56b1984246751.jpeg","Learning the Cancun Upgrade with lepton and perplexity","Building a quick conversation-based search demo with Lepton AI.",[87,95,103,111,119],{"id":88,"publish_date":89,"is_original":23,"collection":90,"cover_url":91,"cover_url_1_1":92,"title":93,"summary":94,"author":28},627,"2025-03-20","#AI Avatar #AI Video Generation","article_res/cover/d95481358f73924989f8c4ee9c75d1c8.jpeg","article_res/cover/b74bc0fab01f8b6a6aa87696c0c3ed8b.jpeg","DisPose: Generating Animated Videos by Driving Video with Reference Images","DisPose is a controllable human image animation method that enhances video generation.",{"id":96,"publish_date":97,"is_original":23,"collection":98,"cover_url":99,"cover_url_1_1":100,"title":101,"summary":102,"author":28},626,"2025-03-21","#Deep Dive into LLMs #LLM #RL #Andrej Karpathy #AlphaGo","article_res/cover/446553a5c8f8f2f07d97b20eaee84e56.jpeg","article_res/cover/e6c2823409c9b34624064b9acbaca6f1.jpeg","AlphaGo and the Power of Reinforcement Learning - Andrej Karpathy's Deep Dive on LLMs (Part 9)","Simply learning from humans will never surpass human capabilities.",{"id":104,"publish_date":105,"is_original":23,"collection":106,"cover_url":107,"cover_url_1_1":108,"title":109,"summary":110,"author":28},625,"2025-03-22","#Deep Dive into LLMs #LLM #RL #RLHF #Andrej Karpathy","article_res/cover/8da81d38b1e5cf558a164710fd8a5389.jpeg","article_res/cover/96f028d76c362a99a0dd56389e8f7a9b.jpeg","Reinforcement Learning from Human Feedback (RLHF) - Andrej Karpathy's Deep Dive on LLMs (Part 10)","Fine-Tuning Language Models from Human Preferences",{"id":112,"publish_date":113,"is_original":23,"collection":114,"cover_url":115,"cover_url_1_1":116,"title":117,"summary":118,"author":28},624,"2025-03-23","#Deep Dive into LLMs #LLM #Andrej Karpathy #AI Agent #MMM","article_res/cover/a5e7c3d48bb09109684d6513287c661d.jpeg","article_res/cover/d3f22b7c0ab8d82fd2da457a299e0773.jpeg","The Future of Large Language Models - Andrej Karpathy's In-Depth Explanation of LLM (Part 11)","preview of things to come",{"id":120,"publish_date":113,"is_original":23,"collection":121,"cover_url":122,"cover_url_1_1":123,"title":124,"summary":125,"author":28},623,"#Google #Voe #AI Video Generation","article_res/cover/c44062fea0f336c2b96b3928292392c2.jpeg","article_res/cover/a041041c69092ad3db191c5bf3ff981b.jpeg","Trial of Google's video generation model VOE2","Our state-of-the-art video generation model",[127,135,143],{"id":128,"publish_date":129,"is_original":23,"collection":130,"cover_url":131,"cover_url_1_1":132,"title":133,"summary":134,"author":28},300,"2024-04-16","#AI in Science #AGI","article_res/cover/6bf01e793e0f33e848572412eebdf9b0.jpeg","article_res/cover/91a5ee21dafecb914fabeb9430d46ec1.jpeg","Would Einstein lose his job - AI and Quantum Computing: A Glimpse into the Near Future","So Einstein's job is still safe.",{"id":136,"publish_date":137,"is_original":23,"collection":138,"cover_url":139,"cover_url_1_1":140,"title":141,"summary":142,"author":28},101,"2024-12-14","#Nvidia #AI 3D Generator","article_res/cover/693e07c85980c5c0c8fde3f037733f23.jpeg","article_res/cover/9ea8edff2d5d303ff3fffff3f6f9c3d9.jpeg","NVIDIA's open-source 3D project LLaMA-Mesh","LLaMA-Mesh: Unifying 3D Mesh Generation with Language Models",{"id":144,"publish_date":145,"is_original":23,"collection":146,"cover_url":147,"cover_url_1_1":148,"title":149,"summary":150,"author":28},131,"2024-11-10","#OpenAI","article_res/cover/87f8ed353ce39f31960e7cdfaf075a35.jpeg","article_res/cover/f597a63935f5cd32e484b4aadd6019e8.jpeg","ChatGPT has launched the Search function","Get fast, timely answers with links to relevant web sources.",{"big":152,"small":214},[153,181],{"title":154,"list":155},"AGENT",[156,157,165,173],{"id":112,"publish_date":113,"is_original":23,"collection":114,"cover_url":115,"cover_url_1_1":116,"title":117,"summary":118,"author":28},{"id":158,"publish_date":159,"is_original":23,"collection":160,"cover_url":161,"cover_url_1_1":162,"title":163,"summary":164,"author":28},622,"2025-03-24","#OWL #AI Agent #MAS #MCP #CUA","article_res/cover/cb50ca7f2bf4d1ed50202d7406e1c19a.jpeg","article_res/cover/4aa7aa3badfacf3cc84121334f1050dd.jpeg","OWL: Multi-agent collaboration","OWL: Optimized Workforce Learning for General Multi-Agent Assistance in Real-World Task Automation",{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},620,"2025-03-26","#LLM #Google #Gemini #AI Agent","article_res/cover/53751a6dbbe990b1eb0b63f3b062aed4.jpeg","article_res/cover/031344981f0a212ff82d1f3a64aa5756.jpeg","Gemini 2.5 Pro, claimed to be far ahead of the competition, has been released with great fanfare: comprehensively surpassing other LLMs and topping the global rankings","Gemini 2.5: Our most intelligent AI model",{"id":174,"publish_date":175,"is_original":23,"collection":176,"cover_url":177,"cover_url_1_1":178,"title":179,"summary":180,"author":28},616,"2025-03-29","#MAS #AI Agent #AI Coder #MetaGPT #MGX","article_res/cover/9dcd702ad2035902e5e77967c34a1f1e.jpeg","article_res/cover/0a97fc4a922753c8f46ff38792020df8.jpeg","MGX - An automated website-building platform composed of multiple AI Agents","Your 24/7 AI Team | Dream, Chat, Create.",{"title":182,"list":183},"OPENAI",[184,191,199,206],{"id":185,"publish_date":167,"is_original":23,"collection":186,"cover_url":187,"cover_url_1_1":188,"title":189,"summary":190,"author":28},619,"#OpenAI #AI Image Generator #4o #MMM #AR Transformer","article_res/cover/2faffc97fcecf3151552cb0fd3206d89.jpeg","article_res/cover/1133cb4948af44cee2e7fbe79efb69e5.jpeg","The native image function of GPT-4o is officially launched","Introducing 4o Image Generation",{"id":192,"publish_date":193,"is_original":4,"collection":194,"cover_url":195,"cover_url_1_1":196,"title":197,"summary":198,"author":28},434,"2023-07-15","#Anthropic #OpenAI #Google #AI Code Generator #Claude","article_res/cover/e1b6f600a2b9f262a4392684e5f2ce25.jpeg","article_res/cover/6e1772e83f78f9a351ab23d3e414adee.jpeg","Latest Updates on Google Bard /Anthropic Claude2 / ChatGPT Code Interpreter","We want our models to use their programming skills to provide more natural interfaces to the basic functions of our computers.  \n - OpenAI",{"id":200,"publish_date":201,"is_original":4,"collection":146,"cover_url":202,"cover_url_1_1":203,"title":204,"summary":205,"author":28},417,"2023-08-24","article_res/cover/bccf897d50a88b18364e35f7466387e0.jpeg","article_res/cover/2f871085c1073717c1703ae86e18056f.jpeg","The GPT-3.5 Turbo fine-tuning (fine-tuning function) has been released～","Developers can now bring their own data to customize GPT-3.5 Turbo for their use cases.",{"id":207,"publish_date":208,"is_original":4,"collection":209,"cover_url":210,"cover_url_1_1":211,"title":212,"summary":213,"author":28},407,"2023-09-22","#OpenAI #AI Image Generator","article_res/cover/c59005e903d35cfc32346e2756e2728a.jpeg","article_res/cover/ba011d265e6d84b5c8cb6fd6b757b6cc.jpeg","Dall-E 3","DALL·E 3 understands significantly more nuance and detail, allowing you to easily translate your ideas into images.",[215,221,241],{"title":10,"list":216},[217,218,219,220],{"id":96,"publish_date":97,"is_original":23,"collection":98,"cover_url":99,"cover_url_1_1":100,"title":101,"summary":102,"author":28},{"id":104,"publish_date":105,"is_original":23,"collection":106,"cover_url":107,"cover_url_1_1":108,"title":109,"summary":110,"author":28},{"id":112,"publish_date":113,"is_original":23,"collection":114,"cover_url":115,"cover_url_1_1":116,"title":117,"summary":118,"author":28},{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},{"title":222,"list":223},"GOOGLE",[224,225,226,234],{"id":120,"publish_date":113,"is_original":23,"collection":121,"cover_url":122,"cover_url_1_1":123,"title":124,"summary":125,"author":28},{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},{"id":227,"publish_date":228,"is_original":23,"collection":229,"cover_url":230,"cover_url_1_1":231,"title":232,"summary":233,"author":28},615,"2025-03-30","#AI Researcher #AI Science #HKU #Google #AI Agent","article_res/cover/21fadf906067714bb0db31ae13a77c15.jpeg","article_res/cover/2697999a72bd26b22e85f0e92936d3ed.jpeg","AI-Researcher: LLM-driven全自动 scientific research assistant","AI-Researcher: Fully-Automated Scientific Discovery with LLM Agents  \nOpen-Sourced Alternative to Google AI Co-Scientist",{"id":235,"publish_date":236,"is_original":23,"collection":73,"cover_url":237,"cover_url_1_1":238,"title":239,"summary":240,"author":28},463,"2023-05-09","article_res/cover/89800f207723acdb55fc53bf999ebdc9.jpeg","article_res/cover/5764f369b4accd8f83e94aa4c077a175.jpeg","The Smallville sandbox world - A town with 25 virtual residents","Believable proxies of human behavior can empower interactive apps: Immersive environment, Rehearsal space, Prototyping tool",{"title":242,"list":243},"NVIDIA",[],true,{"code":4,"msg":5,"data":246},{"id":247,"publish_date":248,"is_original":4,"collection":5,"articles_id":249,"cover_url":250,"cover_url_1_1":251,"title":252,"summary":253,"author":254,"content":255,"popular":256,"list":319,"category":377,"tag":378},513,"2022-06-24","YTx9EYe9-t9a-DD2ppHAJw","article_res/cover/7f38c4c22e1e55447a7082cf3b2127b1.jpeg","article_res/cover/98f91218af4907c5811e91490f822ec2.jpeg","What happened on 3AC?","DEGEN - degenerate, a gambler, someone really shooting at all chances, taking extremely high risks.","Translation","\u003Cdiv class=\"rich_media_content js_underline_content\n                       autoTypeSetting24psection\" id=\"js_content\">\u003Cp>This article comes from last night's Twitter thread by @FatManTerra, discussing the latest developments regarding Three Arrows Capital.\u003C/p>\u003Cp dir=\"ltr\">Background on @FatManTerra: FatMan is from the Terra Research Forum, providing research, updates, and analysis on the situation of Terra.\u003C/p>\u003Cp dir=\"ltr\">Original post link: https://twitter.com/FatManTerra/thread/1539974901464895490\u003C/p>\u003Cp>\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\">Su Zhu is now back in Singapore working with a law firm specializing in white-collar crime. He really doesn't want to go to prison, and creditors are after him. But how did he get to this point? Where did 3AC go wrong, and what should you do next?\u003C/p>\u003Cp dir=\"ltr\">Su Zhu has returned to Singapore and is currently consulting with a law firm that specializes in white-collar crime cases. He really doesn't want to go to jail, but creditors are chasing him. But how did he end up here? What went wrong with 3AC, and what should be done next?\u003C/p>\u003Cp>\u003Cspan style='font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, \"Helvetica Neue\", \"PingFang SC\", \"Hiragino Sans GB\", \"Microsoft YaHei UI\", \"Microsoft YaHei\", Arial, sans-serif;'>\u003Cbr>\u003C/span>\u003C/p>\u003Cp>\u003Cstrong>\u003Cspan style='font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, \"Helvetica Neue\", \"PingFang SC\", \"Hiragino Sans GB\", \"Microsoft YaHei UI\", \"Microsoft YaHei\", Arial, sans-serif;'>1. The Degen Trade/The Gambler's Trade\u003C/span>\u003C/strong>\u003Cbr>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">3AC had a massive margin long on BTC with a liquidation price of around $24k. They kept this a secret, even from their partners, because they didn't think it would realistically go that low. Terra, LFG, and market conditions sent bitcoin plunging... \u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">3AC had a huge margin on BTC, with a liquidation price of around $24,000. They kept it secret, even from their partners, as they believed BTC could never fall to this price. However, the previous situations with Terra, LFG, and market conditions caused Bitcoin to plummet...\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">* Note: Degen Trade - Degen is short for degenerate, commonly used to refer to gamblers or reckless traders. For example, people who trade BTC and ETH might call those buying other coins 'degen', while those trading altcoins might label high-risk project traders as 'degen'. In the crypto world, 'degen' is also often used self-deprecatingly.\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>2. The Margin Calls/Margin Calls\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">Counterparties tried contacting 3AC to ask for collateral, but they ghosted everyone. They were forced to liquidate 3AC's positions, causing BTC to drop further from $24k to $20k. This move kicked off a spiral of cascades & bank runs for several parties. \u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">Counterparties tried to contact 3AC for collateral, but they deceived everyone. The counterparties were forced to liquidate 3AC's positions, causing BTC to drop further from $24,000 to $20,000. This triggered an intensified price decline and a bank run.\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>3. The Painful Losses/Painful Losses\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">After the first default (Hidden Road), losses were exacerbated. Genesis allegedly faces high-nine-figure losses and will sue. BlockFi and BitMEX had some exposure, but not much. Other minorly affected parties include Cumberland, Galaxy, and Deribit. \u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">After the first default (the first being Hidden Road), losses were further exacerbated. Genesis is reportedly facing losses in the hundreds of millions and will file lawsuits. BlockFi and BitMEX had some exposure, but not much. Other parties affected to a lesser extent include Cumberland, Galaxy, and Deribit.\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>4. \"I Can Fix Her...\"/\"I Can Fix Her...\"\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">During the collapse, in a desperate bid for liquidity, 3AC solicited BTC from whales and trading firms. They lied about the fund's AUM, didn't disclose the degen long, and promised an estimated 20% yield on whatever they got. Most funds smelt a rat. \u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">During the crash, in order to gain liquidity, 3AC solicited BTC from Bitcoin whales and trading firms. They lied about the fund's AUM, did not disclose their gambling behavior, and promised a guaranteed return of approximately 20% no matter what. Most funds began to suspect either 3AC’s tricks or their deceitful actions.\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>5. The Collateral Damage/ Collateral Damage\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">Smaller market makers allegedly used 3AC's trading accounts as a prime broker to get fee discounts. Some of these entities, like 8 Blocks Capital, have accused 3AC of stealing their funds without permission - amounts as low as $1m.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">It is alleged that smaller market makers used 3AC’s trading accounts as prime brokers to enjoy trading fee discounts. Some of these entities, such as 8 Blocks Capital, accused 3AC of stealing funds within their accounts without permission — amounts as low as $1 million.\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>6. The Degen Loan/The Degenerate Gambler Loan\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">In one of the most degen loans of all time, Voyager lent around $700m to 3AC - undercollateralized. They used interest payments to provide retail-facing yield through their platform and skimmed a cut for themselves. Upon this revelation, VOYG fell over 50%. \u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">In one of the most degenerate loans in history, Voyager lent approximately $700 million to 3AC without sufficient collateral. They used interest payments to fund retail yields on their platform and kept part of the profits for themselves. After this news broke, the price of VOYG dropped by over 50%.\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>7. The Damage Report/Loss Report\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">Most of 3AC's remaining assets are in the form of illiquid equity investments like Deribit and Starkware (their L1 tokens have crashed heavily), so this is just an estimate. Assets: $400m. Debts: $2b. Net worth: minus $1.6b. Absolute insanity. \u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">Most of 3AC's remaining assets are illiquid equity investments like Deribit and Starkware (their L1 tokens have already crashed significantly), so this is just an estimate: Assets - $400 million, Debt - $2 billion, Net Worth - negative $1.6 billion. This is absolutely insane.\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>8. Their Next Move/Their Next Step\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">There will be lawsuits. There will be liquidations. Creditors will come for everything they possibly can. There's a fair chance 3AC did something illegal, especially in their final days. They will try to stay out of prison and resolve everything cleanly.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">There will be litigation, there will be liquidation, creditors will try to get their money back. 3AC may have done illegal things, especially in these last days. They will try to avoid going to jail and clean up all the problems.\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>9. The Missing $1.6 Billion\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">Most creditors will never be paid because there simply isn't enough money to go around. Around $1.6b is gone - money that went to BTC miners who dumped their positions and large funds with open shorts (perhaps even a fund who is extending bailouts right now).\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">Most creditors will never be paid because there simply isn't enough money to go around. About $1.6 billion has disappeared, this money flowed to BTC miners, who liquidated their positions and a large amount of short-term capital (and may even be the fund that is expanding the bailout right now).\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>10. Withdraw to Hardware Wallets\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">In the face of this knowledge, what should you do? There is one crucial, actionable piece of advice. Pull all of your money out of centralized yield services like BlockFi, Voyager, and Nexo for the time being. It is not worth the risk. Withdraw it all into your Ledger. \u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">In light of this knowledge, what should you do? There is one crucial, actionable piece of advice. Temporarily withdraw all funds from centralized asset management companies like BlockFi, Voyager, and Nexo. It's not worth the risk. Withdraw it all to your hardware wallet.\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>11. A large cut in interest rates\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">Bailout loans help with cashflow, but they don't get the money back. Additionally, these services will have to introduce heavy interest rate cuts due to market conditions and lower availability of lending counterparties, making the reward far less worth it. \u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">Bailout loans help with cash flow, but they can't recover their funds. Besides, due to market conditions and the reduced availability of loan counterparts, these services will have to significantly cut interest rates, making the returns unworthy.\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>12. Wait for the dust to settle\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">This sort of contagion can ripple out for weeks and we still don't know who was affected and to what extent. The best part is, when the dust settles, you can always redeposit into your favourite platform without issue. Wait a month or two and see how everything plays out.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">This contagion could last for weeks, and we still don't know who has been affected and to what extent. The best part is, when all the dust settles, you can always re-deposit on your favorite platforms without any issues. Wait a month or two and see how things play out.\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>13. Reduce risks\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">There is no reason to have money in these services right now, because their long-term viability is uncertain and you are gambling on solvency. You will potentially give up 0.5% in yield (or less, once they reduce rates), but you lower your risk massively. \u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">There is no reason to keep money on these platforms now, as their long-term viability is uncertain and you're betting on their solvency. You might forfeit 0.5% yield (which could be even less once they cut rates), but you'd significantly reduce your risk.\u003C/p>\u003C/li>\u003C/ul>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cstrong>14. Stay safe and stay vigilant\u003C/strong>\u003C/p>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: disc;\">\u003Cli>\u003Cp dir=\"ltr\">So - and I can't stress this enough - bring all of your coins into self-custody until yields stabilize and the situation is clear. This is a wise risk-adjusted decision given the scenario, and you can always come back later. Stay safe & stay vigilant!\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\">So, I cannot stress this enough: self-custody all of your tokens until the dust settles and things become clearer. Given the circumstances, it's a prudent risk-adjusted decision to step back and come again later. Stay safe and stay vigilant!\u003C/p>\u003C/li>\u003C/ul>\u003C/div>",[257,265,273,280,288,295,303,311],{"id":258,"title_md5":259,"publish_date":260,"author_md5":261,"is_original":23,"collection":65,"summary_md5":262,"cover_url":263,"cover_url_1_1":264},449,"f03db6cab41a3fb194ed2ee828421689","2023-05-31","bc27fa490c4d0d525bac812fc0793534","c8afdafc72a9a7d77f784818db15af66","article_res/cover/a69471e4c1bf65c41de635b4be79512c.jpeg","article_res/cover/3ab68d56c70e2cf176c2289d0c44058e.jpeg",{"id":266,"title_md5":267,"publish_date":268,"author_md5":261,"is_original":23,"collection":269,"summary_md5":270,"cover_url":271,"cover_url_1_1":272},237,"08a758b15517c473ad1942adf401604b","2024-06-23","#AI Grant","3053efaaf90ae1343b6b3bb75ef5c47a","article_res/cover/b1b8319c2d88f77217bf268133c0b58d.jpeg","article_res/cover/4c0f58fe75adf80ec93a69406fb5b234.jpeg",{"id":274,"title_md5":275,"publish_date":276,"author_md5":261,"is_original":4,"collection":5,"summary_md5":277,"cover_url":278,"cover_url_1_1":279},427,"6c07869e76208f23ad252ca9e942b7e6","2023-07-27","54b1726c61701b4b74603dac44337bc9","article_res/cover/1dc42c888292562986f633ef2dc7fa04.jpeg","article_res/cover/05f91a6a05f6f206b2be5065343dca58.jpeg",{"id":281,"title_md5":282,"publish_date":283,"author_md5":261,"is_original":23,"collection":284,"summary_md5":285,"cover_url":286,"cover_url_1_1":287},168,"004de35b6d6a4c7f2f8970048b4a3b60","2024-09-26","#AI 3D Generator","38fa69a9ec95c2617b862557e7166db7","article_res/cover/1c92e7d9893abe0a4dda320e83e54475.jpeg","article_res/cover/6b9aa7cad0cd94907c47d65308275055.jpeg",{"id":289,"title_md5":290,"publish_date":291,"author_md5":261,"is_original":4,"collection":5,"summary_md5":292,"cover_url":293,"cover_url_1_1":294},443,"49272c05583b56a4256fa5360775e01a","2023-06-21","46e3f6039295a70409d1cc5215682ef8","article_res/cover/804cde3cc06176bd7d4da0ec0eb8d10f.jpeg","article_res/cover/05f9b4c8b4236b3195a27e386be86f21.jpeg",{"id":296,"title_md5":297,"publish_date":298,"author_md5":261,"is_original":23,"collection":299,"summary_md5":300,"cover_url":301,"cover_url_1_1":302},154,"c27cffa0db17406c83253da2fa2191bc","2024-10-12","#Elon Musk","fb5a58148c7bf04e10efe44de20e05cf","article_res/cover/84b1f160638e6519ef9f914f15d619fc.jpeg","article_res/cover/07a8f102e977a19c82ac04e1e513a90c.jpeg",{"id":304,"title_md5":305,"publish_date":306,"author_md5":307,"is_original":4,"collection":5,"summary_md5":308,"cover_url":309,"cover_url_1_1":310},495,"9b15ccc6efafbde434556a70af4440d0","2023-03-30","9f3428c4d2d88afac6a16510d115e41c","8c3a91662be7ddf873148e266df78686","article_res/cover/9cc1e0b26ea462d3277b0d98b9a74620.jpeg","article_res/cover/8ecf7bdc377a506ebe83640c883cdff7.jpeg",{"id":312,"title_md5":313,"publish_date":314,"author_md5":315,"is_original":4,"collection":5,"summary_md5":316,"cover_url":317,"cover_url_1_1":318},521,"c5ca5171c8fe41a9a1171e5021ffb886","2022-06-05","8b3607d0f4181a3cb6ffdccf7185f09b","282918086e35b32061070ef44a369438","article_res/cover/4da966ae1a3ad1ec2e9fce1682dfab6d.jpeg","article_res/cover/50550d3da0daf64756855d267ea657f2.jpeg",{"related":320,"small":362},[321,329,337,345,354],{"id":322,"publish_date":323,"is_original":23,"collection":324,"cover_url":325,"cover_url_1_1":326,"title":327,"summary":328,"author":28},28,"2025-02-24","#Andrej Karpathy #Deep Dive into LLMs #LLM #RL #DeepSeek","article_res/cover/db62a8c43fa565112c0aefa8776e1de2.jpeg","article_res/cover/cbb4289951cb6a0cda64f8fd913a2e23.jpeg","DeepSeek-R1 - Andrej Karpathy in-depth explanation of LLM (Part 9)","DeepSeek R1",{"id":330,"publish_date":331,"is_original":23,"collection":332,"cover_url":333,"cover_url_1_1":334,"title":335,"summary":336,"author":28},243,"2024-06-17","#AI Avatar #Tencent","article_res/cover/18411086f214e950ca1ad80957d15d52.jpeg","article_res/cover/fa639bdf4a5ba7330027539519841b0c.jpeg","Two models from Tencent that make Avatars talk: V-Express and MuseTalk","V-Express aims to generate a talking head video under the control of a reference image and an audio.",{"id":338,"publish_date":339,"is_original":23,"collection":340,"cover_url":341,"cover_url_1_1":342,"title":343,"summary":344,"author":28},346,"2024-01-10","#Meta #AI Avatar","article_res/cover/d61bf1e67c7a47df3eba82ad12f33a59.jpeg","article_res/cover/13a49df63a291d41c384c18329d4099c.jpeg","Meta's Audio2Photoreal - From sound to virtual humans in motion.","From Audio to Photoreal Embodiment: Synthesizing Humans in Conversations",{"id":346,"publish_date":347,"is_original":4,"collection":348,"cover_url":349,"cover_url_1_1":350,"title":351,"summary":352,"author":353},501,"2022-11-13","#History","article_res/cover/af2aaf3b251d850acc3ed68e521fd9f0.jpeg","article_res/cover/daa0e5b18cc801b8a37260dce1e082c3.jpeg","Notes on \"Ming History: Overview and Special Topics\"","I opened the history book and found that it had no dates, with each crooked page written with the words 'benevolence, righteousness, morality'. I couldn't sleep, so I carefully read through the night, and only then did I see the real words in between the lines - the whole book was filled with two words: 'cannibalism'! - Lu Xun","Study Notes",{"id":355,"publish_date":356,"is_original":4,"collection":5,"cover_url":357,"cover_url_1_1":358,"title":359,"summary":360,"author":361},503,"2022-08-13","article_res/cover/f0be439bba0d7592f5e206a775cb6d1d.jpeg","article_res/cover/d1cef2d2daf78358925bd16dd02f9cd8.jpeg","Disaster sprouts from riding side by side","The disaster of the Huo family originated from riding in the same carriage","Reading notes",[363,369,375],{"title":10,"list":364},[365,366,367,368],{"id":96,"publish_date":97,"is_original":23,"collection":98,"cover_url":99,"cover_url_1_1":100,"title":101,"summary":102,"author":28},{"id":104,"publish_date":105,"is_original":23,"collection":106,"cover_url":107,"cover_url_1_1":108,"title":109,"summary":110,"author":28},{"id":112,"publish_date":113,"is_original":23,"collection":114,"cover_url":115,"cover_url_1_1":116,"title":117,"summary":118,"author":28},{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},{"title":222,"list":370},[371,372,373,374],{"id":120,"publish_date":113,"is_original":23,"collection":121,"cover_url":122,"cover_url_1_1":123,"title":124,"summary":125,"author":28},{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},{"id":227,"publish_date":228,"is_original":23,"collection":229,"cover_url":230,"cover_url_1_1":231,"title":232,"summary":233,"author":28},{"id":235,"publish_date":236,"is_original":23,"collection":73,"cover_url":237,"cover_url_1_1":238,"title":239,"summary":240,"author":28},{"title":242,"list":376},[],[8,9,10],[8,12,13,14,9,10,15,16,17,18],["Reactive",245],1754646413802]