Breaking: In today’s AMA, Charles offered what may be the most specific explanation yet for the fate of the 1,096 BTC (approx 70m USD today) held by the Isle of Man Foundation: that the BTC was used back in 2016/2017 to satisfy demands related to Michael Parsons and the original audit process.
If that’s the explanation, then the next step is simple: publish the invoices, agreements, approvals, and payment records.
The question was never whether audits cost money. The question was where 1,096 BTC went, who received it, and why.
And if Foundation assets were used to resolve disputes involving Michael Parsons, it raises another obvious question: how did IOHK ultimately end up controlling roughly 95% of the BTC raised and receiving billions of ADA, while the Foundation received only a fraction of the economics?
The AMA may have answered one question. It created several more.
Discord, Governance, and Community Management https://t.co/P0oAiOcyns via @YouTube
@nohardforks@japan_nobunaga It is sold only in some stores.
There is not much demand for unhealthy things in Japan, and there are many more delicious drinks in Japan.🇯🇵
HOW NOT TO MOVE FUNDS ONCHAIN!
Someone moved $120.2M USDT into a Tron wallet and tried swapping most of it for XMR.
The buy was so big it pushed Monero 30% in hours. That caught everyone’s attention.
Tether then froze $72M before the exit finished.
What failed here wasn't Monero. It was using a freezable asset to enter it.
REMEMBER!
- USDT has a blacklist function. Issuers can freeze any address, anytime.
- Large buys on thin markets create exactly the visibility you're trying to avoid.
- Self-custody isn’t really self-custody when it comes to USDT and USDC
If the swapper tried swapping into BTC first and then gradually into XMR it could have worked.
@kumafade Tezos is adopting NIST PQ (ML‑DSA) with smoother migration, TzEL, and Tezos X.
Solana’s Falcon PQ reduces TPS and adds complexity, making Tezos stronger for long‑term safety.😌
#tezos#solana#tezosx
The headline is simple. The implications are doing the interesting work.
Tezos: Revolutionizing Blockchain with Liquid Proof of Stake
https://t.co/qeiqrOKVAo
I put my entire life into Cardano. My time, my expertise, my savings. I’ve literally gone all in, and for over 5 years now.
And today, i got what i always wanted out of all my sacrifice.
A new Discord server.
ZachXBT: $120M USDT Wallet Linked to XMR Surge, Tether Freezes $72M
According to ZachXBT, a Tron address received 120.2 million USDT on June 11 and subsequently transferred over $12 million to KuCoin deposit addresses, $8 million to instant exchanges, and another $8 million through Near Intents to Bitcoin and Ethereum.
The entity also placed large Monero buy orders, contributing to XMR’s surge from $330 to $420. Tether has since blacklisted a related address holding 72 million USDT.
🚨 NEW: Cardano co-founder Charles Hoskinson says the team is developing a plan to create a Discord server aimed at moving much of the Cardano community away from X.
Hoskinson said the goal is to build “happy, positive, well-moderated channels” and leave behind the “drama, lies, endless rage, and embittered people” in favor of a space focused on real conversations and meaningful progress.
This person has been focusing on Tezos for the first time in a long time, but why did he come back to Tezos even though he didn't get a high reward?
You probably realized that the others were not good.
Another day, another market narrative pretending it was obvious all along.
Tezos: Baking, Governance, and the Future of Liquid Proof-of-Stake
https://t.co/vk0h3oW2Jo