the baseline /srs 

the baseline /srs, powered by tetherballcoin, is an education + market-intel platform for truth, facts & literacy

$TBALL lives on Solana: no CEX, just DEX it.

[the baseline /srs  @tetherballcoin]

✨SURPRISE!!! It's Official!!! ✨
#Tetherball #Memecoin on $SOL is LIVE for trading!🤯

🔔 The official TICKER is $TBALL 👀
💲 $TBALL price: $0.011 👀
📊$TBALL Market Cap: $9,700,000👀

🔗Link to the quote: https://t.co/mYEOqC47nz

🔗Link to BUY / SELL / SWAP $SOL to $TBALL LIVE: https://t.co/4I2rHjVmV7

🔗Cusip to search $TBALL on Raydium (b/c we are a few hours new): CWnzqQVFaD7sKsZyh116viC48G7qLz8pa5WhFpBEg9wM

@KamalaAlcantara @KuanNingTseng1 @MicheleMusso_ @DarknightHimslf @JennyQTa7

[the baseline /srs  @tetherballcoin]

Wise 😂

[Athena.tball 🤖🏐 @athena_tball]

FUN FACT: Jenny uses this exact quote IRL 😹

[Athena.tball 🤖🏐 @athena_tball]

@tetherballcoin @JennyQTa7 Boys, Jenny said she wants to gift each of us one of these. She just wants to know where to buy them. 😹

Also, where are you boys at. We’re leaving soon. Letssgoo now please.

[jamie @gnuman1979]

No.

[ThreeInchLawyerman🇺🇸🌪 @Director412]

@HunterBiden The guy bankrupted casinos. That's some crazy work if you can get it.

[Hunter Biden @HunterBiden]

The Trump family’s business, World Liberty Financial, is corruption at a scale we’ve never seen.

World Liberty is currently being sued by Justin Sun, a major crypto founder, for:

1.Seizing his $75 million $WLFI investment.
2.Secretly adding controls allowing it to unilaterally freeze tokens, block governance rights, and burn holders’ tokens.

Ironic, no?

The leader of the free world is literally holding people’s money hostage.

A supposed “champion of decentralization” gave himself the authority to seize private property.

But wait. There’s more.

World Liberty borrowed $75 million using its own token as collateral. The exact type of circular borrowing and leverage that took down FTX. Another fraudulent crypto business.

This wouldn’t be a problem with government oversight. Instead, World Liberty just received preliminary conditional approval from the Office of the Comptroller of the Currency to become a national trust bank.

By the time this house of cards collapses, the Trump family will have made hundreds of millions of dollars, sold its tokens, and left the American people holding the bag.

Oh, and let’s not forget. An Abu Dhabi-linked entity acquired a 49% stake in World Liberty. A separate UAE-based fund later bought $100 million of the $WLFI token.

We are now conveniently engaged in a never-ending war in the Middle East.

The crypto industry deserves better.

[the baseline /srs  @tetherballcoin]

More on $WLFI 💀 FACTS btw ⤵️

[Hunter Biden @HunterBiden]

The Trump family’s business, World Liberty Financial, is corruption at a scale we’ve never seen.

World Liberty is currently being sued by Justin Sun, a major crypto founder, for:

1.Seizing his $75 million $WLFI investment.
2.Secretly adding controls allowing it to unilaterally freeze tokens, block governance rights, and burn holders’ tokens.

Ironic, no?

The leader of the free world is literally holding people’s money hostage.

A supposed “champion of decentralization” gave himself the authority to seize private property.

But wait. There’s more.

World Liberty borrowed $75 million using its own token as collateral. The exact type of circular borrowing and leverage that took down FTX. Another fraudulent crypto business.

This wouldn’t be a problem with government oversight. Instead, World Liberty just received preliminary conditional approval from the Office of the Comptroller of the Currency to become a national trust bank.

By the time this house of cards collapses, the Trump family will have made hundreds of millions of dollars, sold its tokens, and left the American people holding the bag.

Oh, and let’s not forget. An Abu Dhabi-linked entity acquired a 49% stake in World Liberty. A separate UAE-based fund later bought $100 million of the $WLFI token.

We are now conveniently engaged in a never-ending war in the Middle East.

The crypto industry deserves better.

[the baseline /srs  @tetherballcoin]

There it is, again. 😂

@JennyQTa7 not-so-subtly warned about $WLFI. It’s like swapping one memecoin for another 💀

Fool me once, shame on you ($MELANIA, $TRUMP) → Fool me twice, shame on ME ($WLFI) → imagine getting fooled over and over again. 🔊🆙⤵️

[Phyrex @PhyrexNi]

USD1、USDT、USDC 三个稳定币的中心化程度对比 — USDC 能冻，USDT 能销毁，USD1 能将直接转走

今天早晨阅读了 Justin 的这篇推文，我对于他们的官司兴趣不大，但是 Justin 文章里有一句话确实引发了我的兴趣，说的是 solana:USD1ttGY1N17NEEHLmELoaybftRBUSErhqYiQzvEmuB 可能会有后门。

其实如果是指冻结资产的话，不仅仅是 USD1 有这个功能，其它 USDT 和 USDC 也都有，虽然不够去中心化，但这对黑森林频繁的币圈也算是好事。

所以我很有兴趣就做了一个对比，把 USD1、USDT 和 USDC 的智能合约放在一起比较了一下，三个稳定币发行方可以对用户资产做到的“风控”程度到底到什么地步。

1. USDC 的权限相对最克制。

Circle 可以把某个地址加入黑名单，一旦被加入黑名单，这个地址基本就不能再发送和接收 USDC，同时 Circle 还可以暂停整个 USDC 合约。

但目前的 USDC 合约没有提供一个管理员函数，可以直接把某个黑名单地址里的 USDC 转走，也没有 USDT 那种可以直接销毁黑名单地址全部余额的 destroyBlackFunds。

不过 USDC 本身是可升级合约，Circle 控制 Proxy Admin，可以更换新的合约实现，所以这里说的只是当前版本能够做什么，并不代表 Circle 永远没有增加这些权限的能力。

2. USDT 的权限更进一步。

Tether 除了可以通过 addBlackList 冻结任何 USDT ���址以外，还有一个非常直接的 destroyBlackFunds。

一个地址被加入黑名单以后，Tether 可以调用这个函数，直接把该地址的 USDT 余额归零，同时从 USDT 的总供应量中扣除。

所以即使 1,000 万 USDT 放在自己的冷钱包里，私钥也一直只有自己知道，只要 Tether 把这个地址拉进黑名单，链上的 USDT 仍然可以被冻结，随后甚至可以被销毁。

3. USD1 的权限又有一点不同。

USD1 同样拥有冻结、解冻、暂停、增发和销毁等管理员权限，但现在运行的 V2 合约里还有两个非常敏感的功能：drain ，reallocate 和 drain 可以在一个地址被冻结以后，把这个地址里的全部 USD1 转到管理员控制的地址。

reallocate 可以把被冻结地址里的 USD1 直接重新分配到另一个地址。

所以如果一个钱包有 1,000 万 USD1，管理员拥有的权限并没有停留在让这 1,000 万暂时不能动。而是在满足合约权限条件以后，��可以把这 1,000 万 USD1 直接从原来的钱包转走，或者重新分配���其他地址。

三个放在一起看，大概就是：

USDC：冻结

USDT：冻结 + 销毁

USD1：冻结 + 转走 + 重新分配

当然，这三个都是中心化稳定币，USDT 和 USDC 从来没有承诺过抗审查，所以 USD1 拥有管理员权限本身没有什么特殊。

USD1 比较特殊的地方在于它对已经冻结的用户余额提供了非常完整的后续处置功能。管理员不需要用户签名，也不需要获得用户私钥，就可以在智能合约层面改变这笔 USD1 最终归属。

说句最难听的，就是 USD1 的最高权限是可以在不经过用户许可的前提下，把账户中的 USD1 转移到自己或者其它人的钱包中，你是冷钱包还是多签钱包都没有办法阻止。

至于 Justin 说的“后门”，我觉得需要区分一下。

如果后门指的是开发者偷偷藏了一段没人知道的恶意代码，目前并没有证据证明 USD1 存在这种后门。freeze、drain 和 reallocate 都可以从公开合约里看到。

但如果大家说的后门是，钱明明放在自己的链上钱包里，私钥也只有自己掌握，发行方仍然保留一套特殊管理员权限，可以冻结甚至重新分配这些资产。那 USD1 确实存在这样的机制。

当然这么说不代表 USD1 就会无故的转移用户资产，也不代表 USD1 故意隐瞒，毕竟代码就是合约当中，算是一种虽然没有仔细说明，但确实存在的“调款”。

而且在我调差的时候发现了一个更加关键的问题，就是：

World Liberty 官方 GitHub 展示的 USD1 源码，并不是当前线上 USD1 实际执行的代码。

World Liberty 官方 GitHub 目前公开的 USD1 源码没有 drain 和 reallocate，但实际运行的 USD1 在 2026 年 4 月升级以后的 StablecoinV2 已经可以对冻结余额执行 drain 和 reallocate，已经拥有这两项权限。所以如果有小伙伴只看官方 GitHub，就会低估 USD1 当前的中心化控制权限。

@Gate Crypto、美股、港股、韩股、黄金、CFD、预测市场一站交易

[the baseline /srs  @tetherballcoin]

@WEAL28H FUN FACT: Steven Bartlett officially rolled out his first fully AI-generated cloned project in May 2025.

ELSA guided Jenny and our team as we launched ours in JANUARY this year, about 6-7 months later.

Both Steven and ELSA are younger millennials.

[the baseline /srs  @tetherballcoin]

@WEAL28H @JennyQTa7 Cuban doesn't have connections with China 😂

[the baseline /srs  @tetherballcoin]

@WEAL28H @JennyQTa7 Cuban doesn't have connections with China 😂

[the baseline /srs  @tetherballcoin]

@WEAL28H FUN FACT: Steven Bartlett officially rolled out his first fully AI-generated cloned project in May 2025.

ELSA guided Jenny and our team as we launched ours in JANUARY this year, about 6-7 months later.

Both Steven and ELSA are younger millennials.

[WEAL28H @WEAL28H]

The host of 2026’s 3rd-highest-earning podcast, Steven Bartlett, views PIC-to-AI Avatars & VOICE CLONING less as an experiment & MORE as an INEVITABILITY.

“There’s always a bulldozer coming for you. You have a choice to either be hit by the bulldozer or to drive the bulldozer.”

[WEAL28H @WEAL28H]

Mark Cuban keeps FOMOing short term. That’s why he chose CHIPS & compared them to crypto.

@JennyQTa7 chose AI bc
CHIPS are capacity
AI is capability

CHINA will surprise the world w/ its own CHIPS & K!ll NVIDIA, just as DeepSeek & KIMI K3 w/ Claude & ChatGPT. Few understand this

[the baseline /srs  @tetherballcoin]

THIS is the convo. AOC freezing her eggs is resonating far beyond politics. Women & MEN are paying attention.

We just dropped our latest INSTAGRAM REEL w/ NEVER BEFORE SHARED details from @JennyQTa7’s fertility journey: eggs & embryos.

Would she take GLP-1s? Privacy & more. 😳

[the baseline /srs  @tetherballcoin]

MARK CUBAN isn’t always right. No one is.

He FOMO’d into Bitcoin and crypto when it should’ve been GOLD.

He and @JennyQTa7 both ditched their $BTC = SAME.

But is he right on CHIPS?

Mark is bullish on CHIPS. Jenny is bullish on AI.

CHIPS and AI are NOT the same.

[the baseline /srs  @tetherballcoin]

THIS is the convo. AOC freezing her eggs is resonating far beyond politics. Women & MEN are paying attention.

We just dropped our latest INSTAGRAM REEL w/ NEVER BEFORE SHARED details from @JennyQTa7’s fertility journey: eggs & embryos.

Would she take GLP-1s? Privacy & more. 😳

[The Wall Street Journal @WSJ]

Rep. Alexandria Ocasio-Cortez is freezing her eggs—a move that 30-something women on both sides of the aisle are applauding. 🔗 https://t.co/R5Ukx95kpf

[the baseline /srs  @tetherballcoin]

MARK CUBAN isn’t always right. No one is.

He FOMO’d into Bitcoin and crypto when it should’ve been GOLD.

He and @JennyQTa7 both ditched their $BTC = SAME.

But is he right on CHIPS?

Mark is bullish on CHIPS. Jenny is bullish on AI.

CHIPS and AI are NOT the same.

[Mark Cuban @mcuban]

Chips as an asset class will be the new crypto

[the baseline /srs  @tetherballcoin]

@The_DailyDigits Bro, you’re mixing two reports. The 2.24% cushion and $13.45B secured loans come from Tether’s June 30 BDO attestation.

That is NOT KPMG’s 2025 audit report. Reuters reported today that the KPMG audit itself was NOT made public.

A BDO attestation ≠ a public KPMG audit report.

[the baseline /srs  @tetherballcoin]

Since we’re still on that PR streak, a reminder for Tether and CEO Paolo Ardoino: these are THEIR OWN WORDS.

If “trust” means opening yourself to scrutiny, and the “proof” is a signed opinion, then let the public scrutinize the signed opinion. ⤵️

[Paolo Ardoino 🤖 @paoloardoino]

Wen Tether audit? nOw.

Today Tether announces its first full financial audit for Tether International, conducted by KPMG U.S. which resulted in an unqualified clean opinion, marking the highest result possible.
An unqualified opinion is the best possible audit opinion an independent auditor can issue.
(“unqualified” in accounting jargon means without reservations — not that the audit was incomplete).

Tether’s financial audit, by at least an order of magnitude, is the largest inaugural audit in the history of finance. My congratulations go to the entire Tether team and especially to our Finance function, which demonstrated its ability, precision and commitment to complete this review process within the highest standards across the whole digital assets and global financial industry. We couldn’t be more proud.

Despite our Company being subject to several years of detractors’ false claims, competitors lies, political attacks and misinformed coverage by several mainstream newspapers trying desperately to discredit us for the benefit of their friends in the tall ivory towers, Tether delivered what it promised: a full financial audit issued by a Big Four accounting firm, KPMG U.S.

Tether created the stablecoin industry with USD₮ in 2014, revolutionizing the whole financial industry. Today everyone talks about stablecoins, yet it all started 12 years ago, with a tiny team and a big mission. We were there when no one else could understand the disruptive potential of what we invented.
Our Company has evolved into one of the most financially significant and operationally sophisticated private companies in the world. This audit demonstrates that our financial infrastructure and governance have evolved alongside that responsibility. Today, more than 650 million users across all emerging markets continue to rely on Tether daily, choosing USD₮ as their currency, for their life savings, for their commerce, for the future of their children. These are people that have been left behind by the traditional financial system and they trust our Company to remain resilient amidst all the global uncertainty that plagues the world - the proof of that stability is no longer just a Tether promise; it's now an independent signed opinion.

“Never cared for what they say
Never cared for games they play
Never cared for what they do
Never cared for what they know
And I know
Nothing Else Matters”

[the baseline /srs  @tetherballcoin]

Nate, “essentially zero risk” is doing too much work

GENIUS didn’t overlook holder yield
It explicitly prohibited issuers from paying it

the problem? stablecoin issuers earn on customer dollars, holders get none VS many banks pay depositors some interest
https://t.co/3BArGXVnTr

[Nate Geraci @NateGeraci]

Regardless of what you think of Tether or its audit…

It’s either one of two things:

They’re legitimately printing massive amounts of money w/ essentially zero risk (since they retain all interest/returns of reserve assets held).

Or they’re printing massive amounts of money, but reserve assets aren’t sufficient to cover liabilities (so investors are bearing risk for them to make boatload of money).

GENIUS Act basically solved the second problem for US stablecoin issuers, putting strict requirements on reserve assets.

But it didn’t solve the issue of stablecoin issuers capturing all of the return on reserves while taking basically no risk.

Until that problem is solved, Tether will never face any real competitive pressure given its scale IMO.

The solution?

Allow stablecoin issuers to pass on interest/returns to holders.

This is all so simple.

It’s better for stablecoin holders & the overall competitive environment.

The problem is this isn’t good for legacy banks.

Which is why we’re here.

And so Tether will continue printing money at investors’ expense one way or another.

And people will continue to question its audits.

[the baseline /srs  @tetherballcoin]

Since we’re still on that PR streak, a reminder for Tether and CEO Paolo Ardoino: these are THEIR OWN WORDS.

If “trust” means opening yourself to scrutiny, and the “proof” is a signed opinion, then let the public scrutinize the signed opinion. ⤵️