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Downshift 🍁<p>Sources tell Reuters that <a href="https://mstdn.ca/tags/Russia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Russia</span></a> is using <a href="https://mstdn.ca/tags/bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bitcoin</span></a>, <a href="https://mstdn.ca/tags/Ether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Ether</span></a>, and <a href="https://mstdn.ca/tags/Stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Stablecoins</span></a> such as <a href="https://mstdn.ca/tags/Tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tether</span></a> in its oil trade with <a href="https://mstdn.ca/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a> and <a href="https://mstdn.ca/tags/India" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>India</span></a> to skirt Western sanctions </p><p><a href="https://www.reuters.com/business/energy/russia-leans-cryptocurrencies-oil-trade-sources-say-2025-03-14/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">reuters.com/business/energy/ru</span><span class="invisible">ssia-leans-cryptocurrencies-oil-trade-sources-say-2025-03-14/</span></a></p>
Europe Says<p><a href="https://www.europesays.com/1906006/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">europesays.com/1906006/</span><span class="invisible"></span></a> Mesh Raises $82 Million to Expand Crypto Payments Network <a href="https://pubeurope.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://pubeurope.com/tags/CryptoPayments" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CryptoPayments</span></a> <a href="https://pubeurope.com/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrency</span></a> <a href="https://pubeurope.com/tags/DigitalAssets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DigitalAssets</span></a> <a href="https://pubeurope.com/tags/DigitalCurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DigitalCurrency</span></a> <a href="https://pubeurope.com/tags/funding" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>funding</span></a> <a href="https://pubeurope.com/tags/investments" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>investments</span></a> <a href="https://pubeurope.com/tags/mesh" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>mesh</span></a> <a href="https://pubeurope.com/tags/News" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>News</span></a> <a href="https://pubeurope.com/tags/Paradigm" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Paradigm</span></a> <a href="https://pubeurope.com/tags/PYMNTSNews" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PYMNTSNews</span></a> <a href="https://pubeurope.com/tags/stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoins</span></a> <a href="https://pubeurope.com/tags/What" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>What</span></a>'sHot</p>
⚯ Michel de Cryptadamus ⚯<p>Good article in The Prospect about the coming STABLE and GENIUS acts, which will give an implicit bail out guarantee to crypto money laundering firms - sorry, i mean "stablecoins" - like <a href="https://universeodon.com/tags/Tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tether</span></a> and <a href="https://universeodon.com/tags/Circle" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Circle</span></a> (<a href="https://universeodon.com/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Coinbase</span></a>). One of the two would also let <a href="https://universeodon.com/tags/ElonMusk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ElonMusk</span></a> print his own dollars.</p><p>Senate <a href="https://universeodon.com/tags/Democrats" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Democrats</span></a> like <a href="https://universeodon.com/tags/KirstenGillibrand" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>KirstenGillibrand</span></a>, <a href="https://universeodon.com/tags/ElissaSlotkin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ElissaSlotkin</span></a>, and <a href="https://universeodon.com/tags/RubenGallego" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RubenGallego</span></a>, whose election campaigns were supported by incredible amounts of crypto money, will probably make sure these bills become laws (because they are corrupt).</p><p>Note that stablecoins are currently incredibly profitable businesses. After all a stablecoin is basically a bank where you spend nothing on anti-money laundering &amp; other regulations, refuse to assist customers who have been scammed, and collect 5% interest from the US government while passing absolutely none of it on to your customers.</p><p><a href="https://prospect.org/power/2025-03-10-some-democrats-endorse-bill-allowing-elon-musk-create-own-currency/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">prospect.org/power/2025-03-10-</span><span class="invisible">some-democrats-endorse-bill-allowing-elon-musk-create-own-currency/</span></a></p><p><a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/senate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>senate</span></a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/nypol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>nypol</span></a> <a href="https://universeodon.com/tags/USDT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USDT</span></a> <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USDC</span></a> <a href="https://universeodon.com/tags/stablecoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoin</span></a> <a href="https://universeodon.com/tags/stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoins</span></a> <a href="https://universeodon.com/tags/finreg" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>finreg</span></a> <a href="https://universeodon.com/tags/FederalReserve" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FederalReserve</span></a> <a href="https://universeodon.com/tags/MaxineWaters" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MaxineWaters</span></a> <a href="https://universeodon.com/tags/CApol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CApol</span></a> <a href="https://universeodon.com/tags/DNC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DNC</span></a></p>
⚯ Michel de Cryptadamus ⚯<p>hard to think of a chart that would make <a href="https://universeodon.com/tags/Tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tether</span></a>'s function as a tool for chinese capital exfiltration more obvious</p><p><a href="https://universeodon.com/tags/PRC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PRC</span></a> <a href="https://universeodon.com/tags/stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoins</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/USDT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USDT</span></a> <a href="https://universeodon.com/tags/china" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>china</span></a> <a href="https://universeodon.com/tags/moneylaundering" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>moneylaundering</span></a> <a href="https://universeodon.com/tags/corruption" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>corruption</span></a> <a href="https://universeodon.com/tags/howardlutnick" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>howardlutnick</span></a></p>
⚯ Michel de Cryptadamus ⚯<p><span class="h-card" translate="no"><a href="https://mastodon.social/@daedalean" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>daedalean</span></a></span> <span class="h-card" translate="no"><a href="https://masto.ai/@GhostOnTheHalfShell" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>GhostOnTheHalfShell</span></a></span> for all intents and purposes there are really only two <a href="https://universeodon.com/tags/stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoins</span></a>:</p><p>1. USDT (Tether - ~70% of the market)<br>2. USDC (<a href="https://universeodon.com/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Coinbase</span></a>, technically through a company called Circle - ~25% of the market)</p><p>the rest are tiny.</p><p>USDC has actually done an audit or two and we know where the money is (it's in a blackrock trust). <a href="https://universeodon.com/tags/Tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tether</span></a> has been the subject of a lot of writing and speculation by me and many others for years now.</p><p><a href="https://universeodon.com/tags/KirstenGillibrand" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>KirstenGillibrand</span></a> works for the Coinbase / <a href="https://universeodon.com/tags/a16z" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>a16z</span></a> / <a href="https://universeodon.com/tags/Circle" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Circle</span></a> axis of crypto evil so this bill is basically creating rules that would push Tether USDT out of the US market.</p><p>Coinbase CEO has already made noise about how they will probably have to delist USDT. Circle CFO is on video saying that Tether is a counterfeiting operation.</p><p>(fun fact: Circle USDC was the largest depositor at <a href="https://universeodon.com/tags/SiliconValleyBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SiliconValleyBank</span></a> and if SVB had been allowed to collapse and $3.2bn worth of USDC had died with it the entire crypto industry would have gone kaput.</p><p><a href="https://universeodon.com/tags/moralhazard" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>moralhazard</span></a></p>
Marcel SIneM(S)US<p>Rückenwind für digitalen Euro: EZB hofft auf Kryptogeld-Plan von Trump | heise online <a href="https://www.heise.de/news/Rueckenwind-fuer-digitalen-Euro-EZB-hofft-auf-Kryptogeld-Plan-von-Trump-10273040.html" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">heise.de/news/Rueckenwind-fuer</span><span class="invisible">-digitalen-Euro-EZB-hofft-auf-Kryptogeld-Plan-von-Trump-10273040.html</span></a> <a href="https://social.tchncs.de/tags/StableCoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StableCoin</span></a> <a href="https://social.tchncs.de/tags/DigitalEuro" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DigitalEuro</span></a> <a href="https://social.tchncs.de/tags/DigitalCurrencies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DigitalCurrencies</span></a> <a href="https://social.tchncs.de/tags/DigitalCurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DigitalCurrency</span></a> <a href="https://social.tchncs.de/tags/StableCoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StableCoins</span></a></p>
Europe Says<p><a href="https://www.europesays.com/1788855/" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://www.</span><span class="">europesays.com/1788855/</span><span class="invisible"></span></a> Navigating Donald Trump’s Crypto Landscape <a href="https://pubeurope.com/tags/bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bitcoin</span></a> <a href="https://pubeurope.com/tags/blockchain" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>blockchain</span></a> <a href="https://pubeurope.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://pubeurope.com/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrency</span></a> <a href="https://pubeurope.com/tags/DecentralizedFinance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DecentralizedFinance</span></a> <a href="https://pubeurope.com/tags/defi" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>defi</span></a> <a href="https://pubeurope.com/tags/DigitalAssets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DigitalAssets</span></a> <a href="https://pubeurope.com/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DonaldTrump</span></a> <a href="https://pubeurope.com/tags/MemeCoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MemeCoins</span></a> <a href="https://pubeurope.com/tags/News" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>News</span></a> <a href="https://pubeurope.com/tags/PYMNTSNews" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PYMNTSNews</span></a> <a href="https://pubeurope.com/tags/stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoins</span></a> <a href="https://pubeurope.com/tags/trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trump</span></a> <a href="https://pubeurope.com/tags/web3" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>web3</span></a></p>
Miguel Afonso Caetano<p>"Montenegro has recently been able to reach its first “final verdict” that was actually final enough to see Kwon actually board a plane, and he arrived in the United States to appear in court on January 2. This was celebrated by Prime Minister Milojko Spajić, who tweeted that he believed the extradition would “put an end to pre-election manipulations and attempts to stage a scandal”. Kwon is probably not as happy about the outcome as Spajić. Although he fought both extradition to the United States and South Korea, he seemed particularly opposed to the idea of winding up in the United States, with his lawyers at one point arguing that Montenegrin courts had falsified information so as to suggest that the United States requested Kwon's extradition before South Korea, and stating that the facts “absolutely and one hundred percent give priority to Korea.” He’d tried again to halt this extradition, too, by again claiming that Minister of Justice Bojan Božović had illegally granted it, but to no avail.</p><p>The eight fraud, market manipulation, and money laundering charges carry hefty maximum sentences, and Kwon stands accused of causing $40 billion in losses to at least hundreds of thousands, if not more than a million people. He’s entered a not guilty plea, as is to be expected this early on, and is likely to do a whole lot more sitting around in a jail cell as prosecutors and defense attorneys sift through discovery. “Sounds like we’re going to be backing up a U-Haul to the Southern District,” District Judge Paul Engelmayer joked about the apparent six terabytes of data, before scheduling the trial start date a whopping year away in January 2026 (while offering Kwon and his defense team the opportunity to request an earlier trial)."</p><p><a href="https://www.citationneeded.news/issue-73/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">citationneeded.news/issue-73/</span><span class="invisible"></span></a></p><p><a href="https://tldr.nettime.org/tags/Crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Crypto</span></a> <a href="https://tldr.nettime.org/tags/Cryptocurrencies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Cryptocurrencies</span></a> <a href="https://tldr.nettime.org/tags/Terra" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Terra</span></a> <a href="https://tldr.nettime.org/tags/StableCoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StableCoins</span></a> <a href="https://tldr.nettime.org/tags/Anchor" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Anchor</span></a> <a href="https://tldr.nettime.org/tags/PonziScheme" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PonziScheme</span></a> <a href="https://tldr.nettime.org/tags/Fraud" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Fraud</span></a> <a href="https://tldr.nettime.org/tags/CyberCrime" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CyberCrime</span></a></p>
Miguel Afonso Caetano<p>"The US government finally got its metaphorical hands on Do Hyeong Kwon, the 33-year-old Korean national who built a financial empire on the cryptocurrency Luna and the "stablecoin" TerraUSD, only to see it all come crashing down in a wipeout that cost investors $40 billion.</p><p>As private investors filed lawsuits, and as the governments of South Korea and the United States launched fraud investigations, Do Kwon was nowhere to be found. In 2022, the Korean government filed a "red notice" with Interpol, seeking Kwon's arrest and his return to Korea. A few months later, the Securities and Exchange Commission charged Kwon with fraud in the US.</p><p>On September 17, 2022, Kwon famously tweeted, "I am not 'on the run' or anything similar"—but he also wouldn't say where he was. He didn't help his case when he was arrested in March 2023 by the authorities in Montenegro. At an airport. With fake travel documents. On his way to a country with no US extradition agreement."</p><p><a href="https://arstechnica.com/tech-policy/2025/01/do-kwon-the-crypto-bro-behind-40b-luna-terra-collapse-finally-extradited-to-us/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">arstechnica.com/tech-policy/20</span><span class="invisible">25/01/do-kwon-the-crypto-bro-behind-40b-luna-terra-collapse-finally-extradited-to-us/</span></a></p><p><a href="https://tldr.nettime.org/tags/Crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Crypto</span></a> <a href="https://tldr.nettime.org/tags/Cryptocurrencies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Cryptocurrencies</span></a> <a href="https://tldr.nettime.org/tags/Luna" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Luna</span></a> <a href="https://tldr.nettime.org/tags/TerraUSD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TerraUSD</span></a> <a href="https://tldr.nettime.org/tags/Stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Stablecoins</span></a></p>
DJM (freelance for hire)<p><a href="https://masto.ai/tags/Fintech" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Fintech</span></a> unicorn Stripe just acquired (deal is now done) startup Bridge, a provider of infrastructure for crypto stablecoins for $1.1B.</p><p>Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps companies accept stablecoins.</p><p><a href="https://www.forbes.com/sites/alexkonrad/2024/10/17/stripe-talks-buy-crypto-startup-bridge-1-billion/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">forbes.com/sites/alexkonrad/20</span><span class="invisible">24/10/17/stripe-talks-buy-crypto-startup-bridge-1-billion/</span></a></p><p>FYI <span class="h-card" translate="no"><a href="https://universeodon.com/@cryptadamist" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>cryptadamist</span></a></span> </p><p><a href="https://masto.ai/tags/Stripe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Stripe</span></a> <a href="https://masto.ai/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Coinbase</span></a> <a href="https://masto.ai/tags/Crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Crypto</span></a> <a href="https://masto.ai/tags/Stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Stablecoins</span></a> <a href="https://masto.ai/tags/Tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tether</span></a></p>
Chuck Darwin<p>Trump has long made a practice of telling potential supporters what they want to hear. </p><p>This year, he has also changed previous policy positions in ways that would benefit some of his party’s largest donors. </p><p>In March, for example, he publicly reversed course on forcing the sale of the Chinese-owned social-media app TikTok, <br>despite having signed an executive order, <br>in August, 2020, <br>stating his intention to ban the app if it was not sold to a U.S.-based buyer within forty-five days. </p><p>Back then, Trump warned that a Chinese company owning so much of Americans’ personal data was a national-security threat. </p><p>But this winter, when the Biden Administration endorsed a bipartisan bill to force TikTok’s sale, <br>Trump came out against the measure. </p><p>On Truth Social, he wrote, <br>“If you get rid of TikTok, Facebook and Zuckerschmuck”<br>—his derogatory name for Facebook’s C.E.O., Mark Zuckerberg<br>—“will double their business.” </p><p><a href="https://c.im/tags/Steve" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Steve</span></a> <a href="https://c.im/tags/Bannon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bannon</span></a>, Trump’s former adviser, posted another explanation for the about-face: <br>“Simple: Yass Coin.”</p><p>Days earlier, at an event in Florida for the conservative group Club for Growth, <br>Trump had met with <a href="https://c.im/tags/Jeff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Jeff</span></a> <a href="https://c.im/tags/Yass" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Yass</span></a>, a major investor in TikTok’s parent company, ByteDance. </p><p>Yass, a libertarian-leaning Wall Street billionaire who started out as a professional poker player, <br>has not officially endorsed Trump or donated directly to him. </p><p>Instead, he has given more than $25 million to the "Club for Growth" pac, which is supporting the ex-President’s reëlection. </p><p>(According to OpenSecrets, Yass and his wife have contributed more than $70 million to conservative candidates and causes this election cycle.) </p><p>Yass also appears to have had a hand in Trump’s personal enrichment. </p><p>This spring, the company behind Truth Social merged with Digital World Acquisition Corp., <br>a company in which Yass’s trading firm, Susquehanna, <br>was the single largest institutional investor. </p><p>Truth Social went public in March, and Trump’s majority stake in the company is now worth an estimated $3 billion.</p><p>Perhaps the most striking example of the former President’s donor-friendly flexibility in 2024 has been his shift on the <a href="https://c.im/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrency</span></a> industry. </p><p>In recent years, he was unambiguously critical of bitcoin, <br>the most widely traded digital currency, <br>saying it <br>“seems like a scam” and “potentially a disaster waiting to happen.” </p><p>But, in 2024, he became an unapologetic promoter of it, attracting contributions from major players in the field, <br>such as the twin brothers <a href="https://c.im/tags/Cameron" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Cameron</span></a> and <a href="https://c.im/tags/Tyler" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tyler</span></a> <a href="https://c.im/tags/Winklevoss" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Winklevoss</span></a>, <br>each of whom donated $1 million in bitcoin to help Trump. </p><p>The former rowing stars who famously sued Zuckerberg, their classmate at Harvard, for allegedly stealing the idea for Facebook, <br>went on to found the cryptocurrency exchange Gemini. </p><p>(In a speech this summer, Trump called them “male models with a big, beautiful brain.”) </p><p>This year’s Republican Party platform offers few details on many policy issues affecting Americans, <br>but it is unusually specific on crypto, <br>promising to <br>“defend the right to mine Bitcoin” <br>and opposing the creation of a <br>“Central Bank digital currency,” <br>which could threaten the crypto industry’s biggest investors.</p><p>In July, Trump flew to Nashville for the Bitcoin 2024 conference, <br>where he spoke shortly after one of his top fund-raisers, <br><a href="https://c.im/tags/Howard" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Howard</span></a> <a href="https://c.im/tags/Lutnick" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Lutnick</span></a>. </p><p>Lutnick, the C.E.O. of the Wall Street firm Cantor Fitzgerald, has become a leading public proponent of the crypto industry; </p><p>at the conference, he announced a plan to lend $2 billion to crypto investors, </p><p>allowing them to use bitcoin as collateral. </p><p>Onstage, Trump said that his Administration would permit the creation of so-called <a href="https://c.im/tags/stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoins</span></a>, <br>which, he promised, would <br>“extend the dominance of the U.S. dollar to new frontiers around the world.” </p><p>Trump also promised to fire 🔸Gary Gensler, Biden’s chairman of the Securities and Exchange Commission, <br>whose pro-regulatory positions on crypto have outraged bitcoiners. </p><p>The United States, Trump vowed, “will be the crypto capital of the planet.”</p><p>Lutnick, who has known Trump for thirty years and who once made a guest appearance on “The Celebrity Apprentice,” <br>supported Trump’s previous campaigns. </p><p>But he has significantly increased his giving in 2024. </p><p>According to Bloomberg, Lutnick and his wife donated $30,200 to Republicans in 2016 <br>(though he also gave $1 million to Trump’s 2017 Inauguration committee), <br>$1.3 million in 2020, <br>and $12.1 million so far this year. </p><p>In May, during the former President’s trial in Manhattan, Lutnick hosted a fund-raiser for him at Lutnick’s apartment in the Pierre hotel. </p><p>In early August, he held another event at his forty-acre estate in Bridgehampton, which brought in $15 million; seats for a roundtable with Trump in Lutnick’s dining room went for $250,000. </p><p>The following Monday, maga Inc., a pro-Trump super pac, recorded a $5-million donation from Lutnick, <br>the largest individual political gift he’d ever made.</p>
Ian Brown<p><span class="h-card" translate="no"><a href="https://eupolicy.social/@1br0wn" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>1br0wn</span></a></span> <a href="https://eupolicy.social/tags/Stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Stablecoins</span></a> might have some small point, especially in countries without efficient/cheap payment infrastructures, but on balance will likely be implemented in hugely privacy-damaging ways by governments 🤷🏻‍♂️</p>
⚯ Michel de Cryptadamus ⚯<p><a href="https://universeodon.com/tags/Tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tether</span></a>, a company whose capital probably comes from <a href="https://universeodon.com/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a> and which earns 5% interest on ~$100 billion for doing nothing, has been branching out and investing in:</p><p>1. a chinese bitcoin transaction processor (some call them "miners") manufacturer <a href="https://universeodon.com/tags/Bitdeer" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bitdeer</span></a></p><p>2. random agriculture companies in argentina with a sub 3% ROI (less than Tether would get doing nothing and collecting 5%) <a href="https://t.co/R15JFCMRhD" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="">t.co/R15JFCMRhD</span><span class="invisible"></span></a></p><p>3. <a href="https://universeodon.com/tags/Satellogic" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Satellogic</span></a>, a manufacturer of spy satellites that is currently losing $30-50 million per year (much less than the guaranteed 5%)</p><p>to say this is shady would be an understatement but it is of a piece with some of Tether's other recent bailouts of allegedly fraudulent companies like <a href="https://universeodon.com/tags/NorthernData" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthernData</span></a> </p><p><a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoins</span></a> <a href="https://universeodon.com/tags/stablecoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoin</span></a> <a href="https://universeodon.com/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrency</span></a> <a href="https://universeodon.com/tags/bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bitcoin</span></a> <a href="https://universeodon.com/tags/bitcoinmining" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bitcoinmining</span></a> <a href="https://universeodon.com/tags/argentina" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>argentina</span></a> <a href="https://universeodon.com/tags/SATL" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SATL</span></a> <a href="https://universeodon.com/tags/Adecoagro" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Adecoagro</span></a> <a href="https://universeodon.com/tags/espionage" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>espionage</span></a> <a href="https://universeodon.com/tags/satellite" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>satellite</span></a> <a href="https://universeodon.com/tags/spy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>spy</span></a> <a href="https://universeodon.com/tags/Chinese" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Chinese</span></a> <a href="https://universeodon.com/tags/JihanWu" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>JihanWu</span></a></p>
Miguel Afonso Caetano<p><a href="https://tldr.nettime.org/tags/Stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Stablecoins</span></a> <a href="https://tldr.nettime.org/tags/DigitalMoney" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DigitalMoney</span></a> <a href="https://tldr.nettime.org/tags/Crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Crypto</span></a> <a href="https://tldr.nettime.org/tags/Cryptocurrencies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Cryptocurrencies</span></a> <a href="https://tldr.nettime.org/tags/Blockchain" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Blockchain</span></a>: "The stablecoin wars, like the battle for home video, will not be decided by better tech or incumbency, but by the applications. While regulators can make it significantly harder for innovators to compete, they will not be able to stop them forever. In the end, the most likely outcome is one with many stablecoins that fade into the background and deliver lower-cost, faster payments to the world. That would be a victory for consumers and businesses alike, even if not for the existing stablecoin issuers — which may be acquired by banks.</p><p>When that happens, it will not end the battle for the control of our digital wallets. The same companies will all still fiercely compete to own the “pay with” experience. Credit card companies will fight hard to retain the pay with Visa or Mastercard flow, which might be fine with the banks. So it will be up to the leading neobanks and crypto exchanges to try something truly novel, and they may be the ones that actually succeed at changing the game."</p><p><a href="https://hbr.org/2024/08/the-race-to-dominate-stablecoins?ab=HP-hero-latest-text-1" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">hbr.org/2024/08/the-race-to-do</span><span class="invisible">minate-stablecoins?ab=HP-hero-latest-text-1</span></a></p>
Crypto News<p>Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate - According to February 2024’s latest inflation data, Turkey faces an inflation rate... - <a href="https://news.bitcoin.com/turkish-citizens-seek-refuge-in-gold-and-stablecoins-amid-surging-67-inflation-rate/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">news.bitcoin.com/turkish-citiz</span><span class="invisible">ens-seek-refuge-in-gold-and-stablecoins-amid-surging-67-inflation-rate/</span></a> <a href="https://schleuss.online/tags/cryptocurrencies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrencies</span></a> <a href="https://schleuss.online/tags/turkishcitizens" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>turkishcitizens</span></a> <a href="https://schleuss.online/tags/goldsmuggling" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>goldsmuggling</span></a> <a href="https://schleuss.online/tags/turkeyeconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>turkeyeconomy</span></a> <a href="https://schleuss.online/tags/stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoins</span></a> <a href="https://schleuss.online/tags/turkishlira" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>turkishlira</span></a> <a href="https://schleuss.online/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economics</span></a> <a href="https://schleuss.online/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://schleuss.online/tags/turkey" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>turkey</span></a> <a href="https://schleuss.online/tags/gold" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>gold</span></a> <a href="https://schleuss.online/tags/usdt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>usdt</span></a> <a href="https://schleuss.online/tags/xaut" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>xaut</span></a></p>
Crypto News<p>In Search of Financial Freedom: The Answer Lies With Bitcoin, Not Stablecoins - - <a href="https://www.coindesk.com/consensus-magazine/2024/01/19/in-search-of-financial-freedom-the-answer-lies-with-bitcoin-not-stablecoins/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">coindesk.com/consensus-magazin</span><span class="invisible">e/2024/01/19/in-search-of-financial-freedom-the-answer-lies-with-bitcoin-not-stablecoins/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines</span></a> <a href="https://schleuss.online/tags/consensusmagazine" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>consensusmagazine</span></a> <a href="https://schleuss.online/tags/stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoins</span></a> <a href="https://schleuss.online/tags/philosophy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>philosophy</span></a> <a href="https://schleuss.online/tags/opinion" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>opinion</span></a> <a href="https://schleuss.online/tags/bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bitcoin</span></a> <a href="https://schleuss.online/tags/tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tether</span></a> <a href="https://schleuss.online/tags/turkey" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>turkey</span></a></p>
IT News<p>$40 billion worth of crypto crime enabled by stablecoins since 2022 - Enlarge (credit: Anjali Nair; Getty Images) </p><p>Stablecoins, crypt... - <a href="https://arstechnica.com/?p=1997330" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="">arstechnica.com/?p=1997330</span><span class="invisible"></span></a> <a href="https://schleuss.online/tags/cryptocurrencies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrencies</span></a> <a href="https://schleuss.online/tags/pigbutchering" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>pigbutchering</span></a> <a href="https://schleuss.online/tags/stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoins</span></a> <a href="https://schleuss.online/tags/syndication" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>syndication</span></a> <a href="https://schleuss.online/tags/stablecoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoin</span></a> <a href="https://schleuss.online/tags/biz" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>biz</span></a>&amp;it</p>
Crypto News<p>Maelstrom CIO Arthur Hayes Alerts Big Banks Will Eventually Cannibalize Tether’s Business Model - Arthur Hayes, CIO of Maelstrom and former CEO of Bitmex, discussed the eventual de... - <a href="https://news.bitcoin.com/maelstrom-cio-arthur-hayes-alerts-big-banks-will-eventually-cannibalize-tethers-business-model/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">news.bitcoin.com/maelstrom-cio</span><span class="invisible">-arthur-hayes-alerts-big-banks-will-eventually-cannibalize-tethers-business-model/</span></a> <a href="https://schleuss.online/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrency</span></a> <a href="https://schleuss.online/tags/tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tether</span></a>(usdt) <a href="https://schleuss.online/tags/arthurhayes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>arthurhayes</span></a> <a href="https://schleuss.online/tags/stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stablecoins</span></a> <a href="https://schleuss.online/tags/jpmorgan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>jpmorgan</span></a> <a href="https://schleuss.online/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://schleuss.online/tags/news" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>news</span></a></p>
Miguel Afonso Caetano<p><a href="https://tldr.nettime.org/tags/Crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Crypto</span></a> <a href="https://tldr.nettime.org/tags/Cryptocurrencies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Cryptocurrencies</span></a> <a href="https://tldr.nettime.org/tags/Euro" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Euro</span></a> <a href="https://tldr.nettime.org/tags/Stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Stablecoins</span></a>: "Société Générale’s euro-backed stablecoin, EUR CoinVertible (EURCV), has been listed on the Bitstamp exchange in Luxembourg!</p><p>This is the first stablecoin issued by a bank! If you stretch the word “first” and the word “stablecoin.”</p><p>EURCV is as useful as every other enterprise blockchain scheme — it doesn’t do anything, but you can market it with ancient bitcoin slogans with a different buzzword in them."</p><p><a href="https://amycastor.com/2023/12/09/societe-generales-useless-euro-stablecoin-when-bank-blockchain-units-go-feral/" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://</span><span class="ellipsis">amycastor.com/2023/12/09/socie</span><span class="invisible">te-generales-useless-euro-stablecoin-when-bank-blockchain-units-go-feral/</span></a></p>
Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://mastodon.online/@larsmb" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>larsmb</span></a></span> <span class="h-card" translate="no"><a href="https://circumstances.run/@davidgerard" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>davidgerard</span></a></span> easy: <a href="https://mstdn.social/tags/CryptoBros" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CryptoBros</span></a> and <a href="https://mstdn.social/tags/Whales" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Whales</span></a> cashibg out aka. <a href="https://mstdn.social/tags/BankRun" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BankRun</span></a>...</p><p>Because <a href="https://mstdn.social/tags/Stablecoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Stablecoins</span></a> are just <a href="https://mstdn.social/tags/Scrib" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Scrib</span></a> and <a href="https://mstdn.social/tags/Shitcoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Shitcoins</span></a>!</p><p>That's why noone that matters accepts them, but everyone that does matter accepts <a href="https://mstdn.social/tags/Monero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Monero</span></a> :monero: !</p>