patrick

According to u.today, Patrick Shyu announced in a YouTube video that he has sold all of his cryptocurrency assets and suffered significant financial losses. Patrick Shyu stated that Bitcoin has dropped 50% from its peak of $120,000 last October to over $60,000 this summer, and that he was unprepared psychologically due to excessive leverage.Patrick Shyu pointed out that the current liquidity in the funding pool is far lower than in 2021, mentioning that Mt.Gox creditors received 35,000 Bitcoins and MicroStrategy holds 850,000 Bitcoins, believing there may not be enough liquidity for everyone to exit.Additionally, Patrick Shyu also mentioned the threat of quantum computing and the economic sustainability issues of network security after mining rewards decrease, but he stated at the end of the video that he remains optimistic about the underlying technology in the long term and believes this video could be a bottoming signal.

ChainCatcher news, according to official sources, Patrick Witt, Executive Director of the White House Digital Asset Advisory Committee, will attend the KBW 2025 Summit and deliver a speech.It is reported that Patrick Witt will provide profound insights and a unique perspective on the future development of global digital assets from the perspective of U.S. policy.The KBW 2025 Summit will be held from September 23 to 24 at the Walkerhill Hotel in Seoul.

ChainCatcher news, according to crypto journalist Eleanor Terrett, White House Crypto Council Executive Director Bo Hines announced his resignation and return to the private sector, where he previously served as a partner at a growth equity firm.Hines will continue to assist David Sacks in advancing artificial intelligence-related matters as a special government employee. Current deputy Patrick Witt is expected to succeed him as Executive Director.

ChainCatcher news, according to Forbes business reporter Eleanor Terrett, former North Carolina Congressman and Chairman of the U.S. House Financial Services Committee Patrick McHenry will join a16z as a Senior Advisor for Technology Policy.

ChainCatcher news, Intel (INTC.O) announced today that after more than 40 years of distinguished career, CEO Patrick P. Gelsinger is retiring from the company and stepping down from the board, effective December 1, 2024.Intel has appointed two executives, David Zinsner and Michelle Johnston Holthaus, as interim co-CEOs while the board searches for a new CEO. Frank Yary, the independent chairman of the Intel board, will serve as interim executive chairman during the transition. The leadership structure of Intel Foundry remains unchanged. The board has established a committee that will work diligently and swiftly to find Patrick P. Gelsinger's permanent successor.

ChainCatcher news, Ava Labs engineering director Patrick O'Grady will leave the team to start a new company. Patrick O'Grady will continue to serve as a technical advisor for Ava Labs. Details about his new company have not yet been disclosed.O'Grady wrote: "The most popular applications on today's networks are relentless in their pursuit of differentiated performance and efficiency (as a means of providing more value to users). I believe that the most popular applications of the on-chain era will succeed by doing the same."

ChainCatcher news, the second round of voting for the Arbitrum Security Council election has concluded. Six candidates have joined the council: Patrick McCorry (Arbitrum Foundation), 0xhombre (PlutusDAO Tech Lead), John Morrow (Gauntlet Co-founder), Omer (Chaos Labs CEO), Harry Kalodner (Offchain Labs), and Matt Fiebach (Blockworks Research Analyst).

ChainCatcher News, the U.S. House of Representatives voted to remove Speaker McCarthy, making him the first Speaker of the House in American history to be ousted. The House Financial Services Committee Chair Patrick McHenry, who is friendly to cryptocurrency, has been appointed as the interim Speaker of the House. The House will now need to elect a new Speaker, and McCarthy can run for the position again.Since last year, Patrick McHenry has been working on several cryptocurrency bills. A bill that would establish guardrails for U.S. stablecoins and another bill that would create broad rules for the cryptocurrency market have both been approved by the Financial Services Committee and are expected to be submitted for a full vote as early as next month.

ChainCatcher news, Patrick McHenry, who has been appointed as the next chairman of the House Financial Services Committee, wrote to U.S. Treasury Secretary Janet Yellen, urging for clearer digital asset reporting rules based on a major infrastructure law passed last year, and to delay related compliance requirements. (Source link)