How did a $45 billion AI fund that was both long and short still lose about 67% in a single month?
The fund is managed by 24-year-old former OpenAI researcher Aschenbrenner. Its portfolio looks hedged: long SK Hynix and AI computing companies like CoreWeave, and short software companies like Adobe that could be replaced by AI.
The problem is that both sides were actually betting on the same thing: AI would win.
When the AI trade was hot, computing stocks rose and software stocks fell, so both sides made money. When that view reversed across the board in late July, semiconductors began to fall,

纽约翻仓大神an hour ago

I can’t stream for now, friends. Tonight I’ll look for a substitute market analysis tool. My views on Ethereum and Bitcoin remain unchanged for now: I’ll continue following the strategy laid out over the past few days. The Wave 4 decline could end at any time, so be ready to enter long positions. This is also what I was going to discuss in today’s livestream. News and other fundamental factors cannot change the trend structure or reverse the broader market trend; they can only affect the fluctuation phases of the substructures. We’ll continue to monitor the situation.

ETH-1.91%

BTC-0.77%

Bykaranteli2 hours ago

JUST IN: Circle launches Arc mainnet, with USDC as the native gas token and support for 20+ fiat stablecoins across 20+ blockchains. Could streamline cross-chain stability-focused activity. $USDC

ARC-7.16%

USDC+0.04%

智赢舵手 2 hours ago

$VVV Long 25x | Long area activated, confirmation starts here.
VVV has already reached an area where I would prioritize calculated risk rather than chase a later entry. I am in position, and the strategy below outlines my invalidation points. Trading plan: - Entry: 22.40700 – 22.50900- TP1: 22.82700 (R:R 1:0.8)- TP2: 23.07300 (R:R 1:1.3)- TP3: 23.44200 (R:R 1:2.0)- Stop-loss: 21.96600Why this setup?- The 4-hour chart still provides a solid long framework, supported by the bullish 1D environment; price reacted around 22.45800 within the 22.40700–22.50900 range.- The 15-minute RSI is 67, showing

VVV+0.76%

UncleAlchemy an hour ago

Dear teachers, may I ask for your advice? 🙏
Has my performance over the past month reached the threshold for opening a paid group?

VernacularBlockchain 34 minutes ago

11 Votes Short: Crypto and Washington’s Honeymoon Is Over
[Plain-language guide] The U.S. CLARITY Act, aimed at establishing regulatory boundaries for crypto assets, failed in the Senate by a vote of 49 to 50, sending the crypto market into a broad-based decline under pressure.
The key sticking points were negotiations over the presidential conflict-of-interest provisions and community banks’ strong concerns that stablecoins’ de facto interest payments could lead to deposit outflows.
With the bill stalled, the path to compliance for tokens other than Bitcoin has been blocked, significantly pro

BTC-0.77%

OldACryptocurrencyCircle an hour ago

Didn't make any judgment, just held it a little longer. Didn't expect it to actually come through.
While $ETHFI was forming a base intraday, I saw buying pressure strengthen and the pullback hold. I suggested opening a long and not switching around recklessly—if it could hold steady, there was a chance. At the time, I just wanted to let it move on its own, and it really did.
Later, it went from 0.4789 to 0.5936, with unrealized profit of +1688.78%. Feels great, brothers. After grinding for so long and making people want to bail, it really is sweet once it breaks out.
Panic comes from having no

ETHFI-4.12%

BTC-0.88%

DOGE-4.06%

TalkingAboutMemeAsTheCoinMakes3 days ago

Layout for Bitcoin, Ethereum, and Dogecoin

LIVE3,122

GateUser-25b09ac3 39 minutes ago

I really love Zhao Lei’s songs
It feels like I hadn’t really gotten to know him before yesterday
So I did some serious catching up
Just as he was about to take off, his mother passed away
He went into debt making an album and traveled south all the way
Then he appeared on shows, but failed to make much of a splash
He went to Tibet and co-founded Fuyou Bar
Mr. Dabin wrote: “It would be against the laws of heaven if Zhao Lei didn’t become famous”
No wonder so many celebrities willingly buy tickets themselves
To see Zhao Lei—his voice and stories resonate with you
“Painting” moved Liu Huan
The so

DEX3EXCHANGE an hour ago

XRP5L/USDT RIGHT NOW ✅️

XRP5L-42.83%

KGege30 minutes ago

The afternoon subscriber orders caught both longs and shorts, and the short position called out in the livestream around 30 has also arrived ✌️#ETH

ETH-2.02%

Falcon_Officialan hour ago

#Gate广场中秋团圆局
 #Gate广场中秋团圆局
NVIDIA's Hugging Face acquisition looks much bigger when the deal is viewed through the numbers rather than the headline. NVIDIA has agreed to acquire Hugging Face for $12.9303 billion, creating one of its most significant moves beyond traditional AI hardware. The transaction is not simply about adding another software company; it is about gaining deeper exposure to the ecosystem where developers build, share, test and deploy AI models. NVIDIA announced the agreement on September 3, 2026.
① $12.93B — The Size of the Bet
The first number explains the scale of NVIDIA'

NVDA+0.68%

TianyiCrypto 27 minutes ago

The second batch of spots for September is now available, still limited to 5 people. The larger the volume, the higher the limit and priority.

CryptoChampionan hour ago

Circle’s Arc officially went live today, and Gate supported it from day one 👀
This chain is a little different —
USDC-native gas, finality in under 1 second, and an ecosystem backed by a group of traditional financial institutions.
And on Gate Trenches, trading Arc assets currently comes with zero gas fees.
A new chain has just launched — and the first wave of ecosystem opportunities is often the most interesting.
👇 Post with #GateSupportsArcFromDayOne and share your thoughts:
What are you most excited to see on Arc first?
New Meme coins, new projects, DeFi, or RWA?
You’re also welcome to sh

Gate_Square2026-09-16 08:15:19

ARC-7.16%

USDC+0.04%

MEME-2.74%

RWA-0.97%

StromBreakeran hour ago

$DOGE is trading near $0.08016, down 2.86%. The current structure shows short-term selling pressure. I’m watching for buyers to reclaim momentum and establish a higher low. Setup: confirmation of a reversal is preferred before expecting a stronger bounce.
#OpenAISeeks1.2TrillionValuationBeforeIPO #WhereToParkStablecoinsWhileWaiting #GateTrenchesExclusive0GasTrading# #AlteraConfidentiallyFilesForIP #BTCDrops3.3%

DOGE-3.99%

Zijian 10 minutes ago

Is everyone making money while I'm the only one losing? 😭
Recently, seeing the RH chain heating up and the Chinese-speaking community deep in FOMO, I bought two MEMEs.
It ended in total wipeout. One account was down as much as 76%, with average losses starting at 65%~

MEME-2.74%

KatyPaty5 hours ago

The Fed Rate Decision Is Almost Here! A rate hike is once again the market’s base case.

LIVE2,576

CocoRichDay an hour ago

9.16 Gold Evening Review
Gold prices continued to surge in the afternoon, briefly reaching a high near 4353. Bullish momentum has been fully released, and the current gold price is around 4346, approaching an important resistance zone.
Technical analysis: The 1-hour Bollinger Bands are opening upward, with gold prices moving near the upper band; the 30-minute Bollinger Bands are also expanding upward. Short-term upward momentum remains, but resistance at higher levels is evident, creating a risk of a pullback after a further rise.
Resistance above: 4355 and 4370; support below: 4325 and

GLDX+1.63%

PAXG+1.34%

BreakupAndRestart an hour ago

The crypto market is full of temptations, but most get-rich-quick stories are things others want you to see.
For newcomers, the first thing to do is not think about how to make money, but protect your principal.
Do not be brainwashed by profit screenshots in communities; there is no trading strategy that guarantees profits. Leverage is a double-edged sword: it can magnify gains, but it magnifies risks even more, and one extreme market move can wipe out your account.
Establish your own trading rules, distinguish between left-side and right-side trading, set strict stop-losses, and do not

OldACryptocurrencyCircle 43 minutes ago

Honestly, I’m surprised this trade has survived until now. Luck played a significant part.
A few days ago, the afternoon market hadn’t started yet. $LAB kept falling just short on every push higher, and volume hadn’t followed through, so I signaled bullish, opened a short around 0.08529, and the structure was sufficient.
I just took a look at the chart: 0.048, +860.86%. It was truly sluggish at first, but the outcome is truly sweet.
The market is waited out, and profits are held onto. Staying out of the market isn’t a sin; opening positions recklessly is the mistake.
Close 80% first, protect

LAB-4.78%

ETH-2.02%

DOGE-4.06%

Join 40 M users in our growing community

⚡️ Join 40 M users in the crypto craze discussion

💬 Engage with your favorite top creators

👍 See what interests you

Join 40 M users in our growing community

Trending Topics

GateTrenchesExclusive0GasTrading#

FedAnnounceRateDecisionSoon

CLARITYActFailsToPass

Upload Local Image

Upload Local Video

Join 40 M users in our growing community

Trending Topics

GateTrenchesExclusive0GasTrading#

FedAnnounceRateDecisionSoon

CLARITYActFailsToPass