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Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Billionaire Carl Icahn’s Hedge Fund Sees Six Straight Years of Losses After Failed Short Bets: Report - The Daily Hodl
Unsuccessful short-selling has reportedly put billionaire Carl Icahn’s private hedge fund into a six-year-long red streak.
Icahn’s private hedge fund, which accepts no outside capital, is down 8.8% on the year already, Institutional Investor reports.
In a filing, the company said that “market hedges” were mostly to blame for the losses, which overshadowed gains in otherwise viable long positions.
“The negative performance of our investment segment’s short positions was driven primarily by net losses from broad market hedges of $147 million and net losses in the energy sector of $81 million.”
Icahn’s investment portfolio is a component of Icahn Enterprises (IEP), which is made up of six other segments, including energy, automotive, food packaging, real estate, home fashion and pharma.
As of Friday’s close, shares of Icahn Enterprises were trading at $9.27, down over 83% since April 2023, and 93% down from its all-time high of $149, last seen in 2013.
Icahn Enterprises accelerated its decline in May of 2023 when short seller firm Hindenburg Research came out with a report alleging that IEP was highly levered by debt, which may have to be refinanced at higher rates. Hindenburg also alleges that IEP is issuing new units to pay dividends, instead of taking funds from profits or operational cash flow.
Following the report from Hindenburg, IEP cut its dividends in half.
In April of this year, Icahn and his affiliates redeemed $208 million from his personal interest in the hedge fund, as per regulatory filings.
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