#devalued

[1-1-s1ay-2-2]

When a man casually refers to a woman’s body parts with terms like tits, it devalues the worth of her body.

This is why I’m sick of the way men behave.

[atricksterproblem]

[sharkspez]

Badge: 🌙 🌙 🌙

@Continue.Reading | Linktree

Linktree. Make your link do more.

Most 🌙 nights, I just felt like a 💨 warm body, filling a slot on the 📋 staffing grid.

[mia-1982]

Don’t feel your being the bigger person or give your self gratitude for lying to your spouse because you feel your protecting them from being hurt. That only shows just how much you do not respect them and under value them and when they find the truth it will only hurt them that much more and they will lose their respect and undervalue you.

[howtoinvestinnftcrypto]

Alameda seeks to 'maximize recoveries' in suing Grayscale over devalued BTC trust; alleges 'exorbitant' management fees

Alameda seeks to 'maximize recoveries' in suing Grayscale over devalued BTC trust; alleges 'exorbitant' management fees

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FTX said that its affiliate Alameda Research has sued Grayscale, as indicated in a press release published by the former company on March 6.

Alameda challenges fees, locked redemptions

In its press release, FTX alleged that Grayscale gained more than $1.3 billion from “exorbitant” management fees over two years. It also complained that Grayscale has prevented shareholders from redeeming shares of its Bitcoin and Ethereum trusts.

FTX said that shares of those funds are now trading at a roughly 50% discount. This means that each fund is worth about half of the Bitcoin or Ethereum that backs it.

The company said that if Grayscale reduced its fees, the shares owned by FTX debtors would be worth at least $550 million. This would represent a 90% increase in value.

FTX CEO John J. Ray III said that the goal of the lawsuit is to “maximize recoveries” and ultimately return funds to customers and creditors following its November bankruptcy. The case against Grayscale could deliver more than $250 million to creditors.

In its separate court filing, Alameda said that Grayscale held a total of $19 billion of assets in the relevant trusts — seemingly representing the total size of those funds, not the amount deposited by Alameda Research. Alameda aims to unlock $9 billion in value.

Other companies have sued Grayscale

Other companies have sued Grayscale for related reasons. Competing asset management firm Fir Tree Capital Management filed a similar suit on Dec. 6, 2022. That suit similarly aimed to have Grayscale reverse the discount and permit redemptions.

Another company, Osprey Funds, sued Grayscale on Jan. 30. That lawsuit concerned Grayscale’s failure to convert its Bitcoin trust to an exchange-traded fund (ETF).

Valkyrie Investments, meanwhile, proposed a rescue plan for Grayscale’s Bitcoin Trust in December. It said that it could sponsor the fund and offer redemptions. It also expressed plans to launch an opportunistic fund as a complement to Grayscale’s offering.

On Feb. 15, Grayscale Bitcoin Trust (GBTC)’s discount fell to a year-to-date low of -47.35%. Since then, the discount has risen to -44.56% — slightly closer to the baseline.

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