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VOICE ARCHIVE

Philip Stafford

@staffordphilip
13 posts
2026-02-04
Hard to justify $500bn when Q4 profits are $30mn, despite having $122bn in Treasuries.  —  Fortunately the rise in gold *just about* offset the fall in bitcoin to declare a Q4 ‘profit’, which is more like a mark-to-market valuation.  —  www.ft.com/content/3f7f...
2026-02-04 View on X
Financial Times

Tether CEO Paolo Ardoino says Tether's target of raising $15B to $20B was a “misconception”; sources say Tether's advisers have floated raising as little as $5B

CEO Paolo Ardoino downplays the scale of $185bn stablecoin group's capital raise  —  Tether's chief executive …

2025-10-16
Asked whether the FT's calculations on his family's profits were broadly accurate, Eric Trump said the true figure was “probably more”.  —  www.ft.com/content/2ea2...
2025-10-16 View on X
Financial Times

Investigation: the Trump family's crypto empire has reaped over $1B in pre-tax profits over the past year; Eric Trump says the true figure is “probably more”

The president and his family have built a rapidly growing digital assets empire which has been fuelled by the administration's industry-friendly policies

2025-10-05
Social media use looks like it's on the decline except in two areas, the over 55s and N America.  —  Which would explain a lot.  —  www.ft.com/content/a072...
2025-10-05 View on X
Financial Times

GWI: Time spent on social media globally peaked in 2022 and is steadily declining; North America is the exception, with usage up 15% in 2024 compared to Europe

Time spent on the platforms is declining in every age group, though is most pronounced in younger generations … Stefano Santinelli : AI floods our feeds - and social media's ceilin...

2025-09-03
Very nice piece on why memory chips, the unglamorous corner of the chip market, are having a moment in the sun.  —  www.ft.com/content/f3ee...
2025-09-03 View on X
Financial Times

How SK Hynix's rise as Nvidia's main HBM chip supplier, ahead of Samsung and Micron, disrupted the old order at the top end of the memory chip market

www.ft.com/content/36be...  [image] Philip Stafford / @staffordphilip : Very nice piece on why memory chips, the unglamorous corner of the chip market, are having a moment in the s...

One of the many issues AI has is this.  —  www.ft.com/content/36be...  [image]
2025-09-03 View on X
Financial Times

How SK Hynix's rise as Nvidia's main HBM chip supplier, ahead of Samsung and Micron, disrupted the old order at the top end of the memory chip market

www.ft.com/content/36be...  [image] Philip Stafford / @staffordphilip : Very nice piece on why memory chips, the unglamorous corner of the chip market, are having a moment in the s...

2025-09-01
Aside from the dubiousness of giving a black box AI access to all sorts of personal data, this sounds like another way to further degrade the consumer experience on the internet.  —  www.ft.com/content/6d95...
2025-09-01 View on X
Financial Times

AI shopping agents are prompting sellers and brands to rethink how they sell online, as advertisers adopt techniques to appear more prominently in AI results

OpenAI, Perplexity and Google create AI-powered features, leading brands to rethink how they sell products online Bluesky: @staffordphilip . Mastodon: @carnage4life@mas.to Bluesky:...

2025-05-26
When you're making the kind of wild bets on AI he has, there aren't many people to whom you can offload your risk  —  www.ft.com/content/eb44...
2025-05-26 View on X
Financial Times

Sources: SoftBank's Masayoshi Son pitched a joint US-Japan sovereign fund to top DC and Tokyo officials to back large tech and infrastructure projects in the US

Washington and Tokyo discuss possibility of fund that would make large-scale US tech and infrastructure investments

2025-04-23
Downturn?  More a sign of the times.  A Spac backed by the son of the US Commerce Sec, funded by Softbank and Tether, doing a MicroStrategy-style bitcoin purchasing vehicle.  —  www.ft.com/content/5012...
2025-04-23 View on X
Financial Times

Sources: Cantor's Brandon Lutnick, the son of the US commerce secretary, seeks to form a $3B bitcoin acquisition vehicle with SoftBank, Tether, and Bitfinex

Investment vehicle backed by son of commerce secretary comes as US adopts more favourable policy on digital currency

2022-12-07
FTX: a tale with a Swiftian turn https://www.ft.com/...
2022-12-07 View on X
Financial Times

Sources: FTX reached late stage negotiations with Taylor Swift for a $100M+ sponsorship deal, supported by Swift fan SBF but opposed by some FTX executives

Negotiations between singer-songwriter and Sam Bankman-Fried's crytpo group collapsed this spring

2022-06-23
Voyager hit as Three Arrows fails to meet repayments “The Company is unable to assess at this point the amount it will be able to recover from 3AC.” https://www.prnewswire.com/...
2022-06-23 View on X
CoinDesk

Crypto broker Voyager Digital says its exposure to Three Arrows Capital consists of 15,250 bitcoin and $350M USDC, and “may issue a notice of default” to 3AC

CoinDesk : Source: PR Newswire .

2022-06-22
Voyager hit as Three Arrows fails to meet repayments “The Company is unable to assess at this point the amount it will be able to recover from 3AC.” https://www.prnewswire.com/...
2022-06-22 View on X
CoinDesk

Crypto broker Voyager says its exposure to Three Arrows Capital consists of 15,250 bitcoin and $350M USDC; Voyager might issue a “notice of default”

The crypto broker said it's on the hook for about $370 million of bitcoin and $350 million of USDC and has asked for a repayment installment by Friday. Source: PR Newswire .

2022-04-06
FTX investment follows on from making a splash in derivatives. Our Big Read with @GaryRSilverman https://www.ft.com/...
2022-04-06 View on X
Financial Times

How cryptocurrency exchange FTX wants to automate risk management in US futures trading, replacing traditional brokers with its tech, and introduce 24/7 trading

Sam Bankman-Fried cut an unlikely figure as he took the stage on the final morning of this year's big derivatives-industry conference in Boca Raton, Florida. Tweets: @giano , @staf...

2022-03-30
Just the six days to notice $600m had gone https://twitter.com/...
2022-03-30 View on X
CoinDesk

The Ronin Network, which supports Sky Mavis' Axie Infinity game, says it was hacked, and 173,600 ETH and 25.5M USDC was stolen, worth $600M+; RON is down ~20%

It may be the largest exploit in DeFi history.  —  The latest crypto hack may be the largest yet.