Jacob King (@JacobKinge) profile picture

CEO & Founder @SwanDesk - #1 Source for Finance/Crypto News and Insights - Contrarian Investor & Analyst. Breaking the Echo Chamber.

Joined January 2011
Photo by Jacob King (@JacobKinge)Photo by Jacob King (@JacobKinge)Photo by Jacob King (@JacobKinge)Photo by Jacob King (@JacobKinge)Photo by Jacob King (@JacobKinge)Photo by Jacob King (@JacobKinge)Photo by Jacob King (@JacobKinge)Photo by Jacob King (@JacobKinge)Photo by Jacob King (@JacobKinge)Photo by Jacob King (@JacobKinge)
Jensen Huang may be having the worst week ever. He has lost his wife of 40+ years, his family, the entire company he spent decades building, and is now down over $80 billion, the largest financial loss in history. Ouch!
85
81
9
1,247
56,028
JUST IN: Jensen Huang fired by Nvidia $NVDA, according to the Wall Street Journal
42
17
22
173
124,626
BREAKING: US Commerce Dept confirms probe into Megaspeed was halted after Nvidia intervened. Jensen Huang had an intimate relationship with Alice Huang, a top Megaspeed executive that US officials believe is a Chinese spy. This is turning into a major scandal.
3
6
1
52
22,153
If only there were signs…
#Nvidia CEO Jensen Huang signing a fan's bra isn’t something I ever imagined to see.
4
5
46
18,530
Jim Cramer remains extremely optimistic on AI and is warning investors that the selloff is not another dot-com crash. In other words, here is the proof you need that AI is a giant ticking time bomb ready to explode, and anyone holding the bag when this fascade blows up is going to get destroyed.
1
3
52
17,872
BREAKING: We have officially breached bear market territory. Over 60%+ of S&P 500 stocks have hemorrhaged -20% or more from their peak highs.
51
320
34
1,821
102,906
Unlike Bernie Madoff, where investors showed up at his office, smashed the glass, and protested when the Ponzi collapsed, Binance and 99% of these corrupt, likely insolvent crypto exchanges don’t have an office, let alone even a phone number. They’ll feed you some nonsense reason for it like “decentralization.” The real reason is simple: when they rug‑pull everyone, there’s no door to knock on, no glass to break, and no one to hold accountable. They can vanish instantly and leave the victims behind with nothing.
27
78
10
476
39,256
Well well well…
Binance is now sueing people that are saying their exchange is insolvent. That means they are 100% insolvent. FTX did the exact same thing before they went bust.
7
24
1
169
21,036
The Binance hack is officially the largest robbery in human history.
78
21
40
297
116,739
Your funds are never safe on corrupt centralized crypto exchanges. While CZ has consistently said "Funds are SAFU" for the last several years, time and time again we see that the funds are, in fact, not SAFU.
9
15
156
20,188
This post was from 8 months ago. I warned of the exact thing we’re witnessing today, where Binance, which is an insolvent and corrupt crypto exchange, will eventually rug pull by having insiders “hack” them through hidden backdoors. These hacks are entirely orchestrated by the firm, and have always been. It’s the scheme they pull when they want to exit the markets. The Binance hack will be blamed on North Korea hackers or some foreign entity, but in reality, it’s just CZ cashing out again.
I’d predict that 99% of the time, when a crypto exchange is hacked, it’s actually insiders draining the wallets through backdoor loopholes they built. With these unregulated, sketchy centralized exchanges—mostly owned by China—it’s a breeding ground for fraud, corruption, and manipulation.
39
181
22
957
61,036
BREAKING: Binance has just been hacked, in one of the largest crypto exchange hacks in years, with hot wallets withdrawing OVER $2 billion.
114
363
79
1,663
192,476
Unpopular opinion: Slavery still exists. Back then, Slaves worked endlessly for no pay but were given food, water, and shelter. Today, we work endlessly for pay, then spend it all on food, water, and shelter.
54
52
6
363
32,815
BREAKING: France is gripped by nationwide riots today, with reports of widespread looting, arson, vandalism, and direct attacks on police and firefighters pouring in from cities across the country. Early estimates put damages at over €3 billion already, positioning this as one of the largest and most destructive outbreaks of unrest in more than 50+ years.
14
13
2
69
21,496
JUST IN: MicroStrategy to be removed from MSCI Indexes after Bitcoin holdings suffer record losses.
31
30
2
280
42,307
For any bubble to grow, it requires constant hype and excitement. With AI, their leaders are so obviously relying on fluff like, 'This technology is so powerful it will end the world.' This narrative is powerful precisely because it uses fear to lure people in, creating a spectacle everyone can't stop watching. But rest assured, the apocalypse isn't happening, and everyone can relax.
8
7
56
20,944
Only in Poland do you see the metro filled only with respectful people minding their own business, no garbage litter all over the floors, nobody blasting weird music on speakerphone or smoking crack on the benches. Here it’s safe and quiet. People keep to themselves, treat the space with respect, and leave it clean. Well done! This is what happens when you don’t flood your population with millions of third-world immigrants that don’t share any of the same values.
15
7
149
21,298
BREAKING: DOJ has just seized millions of dollars from bank accounts & crypto wallets linked to Tether as part of federal fraud investigation. The house of cards is about to collapse…
46
83
10
452
59,849
Coinbase CEO Brian Armstrong now predicts Bitcoin will hit $400,000 by 2030. Almost exactly a year ago, he predicted Bitcoin would hit $1 million by 2030. At some point, you have to realize these so-called crypto gurus don’t actually know where the market is headed. They throw out flashy price targets, pull numbers out of their ass, and cash in on the attention.
79
47
4
648
72,155
JUST IN: Mark Moss-backed British #Bitcoin treasury company Satsuma Technology (SATS) just announced it is shutting down and has SOLD all of its 669 BTC.
27
35
8
276
42,557