Gotcha, thank you. So every night theres around 800mil of these and it spiked 25x. Theories why? Banks need liquidity, why don't they have the cash on hand? unreported losses? over leveraged?

[–] lath@piefed.social 2 points 2 months ago* (last edited 2 months ago)

I'm not in the know with current events beyond the AI bubble needing to build a lot of infrastructure that doesn't exist and ICE needing a lot of warehouses for their concentration camps.

Then again, a lot of small-time businesses supposedly went and are going bankrupt + unemployment went way up compared to previous years, so there's probably some kind of disaster going on in the background.

Just guessing though...

Edit: came across this https://piefed.social/c/business/p/1796464/amd-s-ai-chips-to-be-used-as-debt-collateral-in-300-million-loan-report-says-cloud-star

Might be just a coincidence.