Michael Yang

[FantasyPros @FantasyPros]

Sorry I couldn't get to every start/sit question. Will try to answer a few more from my @Fitz_FF account before kickoff of the early-afternoon games.

Good luck today!

[Benjamin Cowen @benjamincowen]

Bitcoin: The Beauty of Mathematics (Part 65)
https://t.co/6UUOxcrLMR

[Underdog @Underdog]

🚨 $5,000 BONUS CASH GIVEAWAY 🚨

If Saquon Barkley scores against his former team tonight, we're sending $500 in bonus cash to 10 people 💰

To enter...
1⃣ Repost this
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3⃣ Follow @UnderdogNFL

[John E Deaton @JohnEDeaton1]

Scott, as usual, is 💯 on 🎯

I’ve seen a lot of negative takes regarding the EO. I realize many crypto investors were hoping for a Strategic MultiCoin Reserve, not just a Strategic Bitcoin Reserve. We know how those who view anything other than BTC, a shitcoin, feel. Those folks, understandably, are taking victory laps right now, similar to the victory laps XRP, ADA, SOL, and ETH holders were, also understandably, taking last weekend.

During the last two weeks, we witnessed a preview of what a Crypto Civil War looks like between those who feel adamant that Bitcoin should be treated completely separately from other crypto assets and those who believe a Strategic Reserve should be diversified. I’ve even seen several BTC Maxis disappointed because they wanted a more aggressive SBR than what they perceive happened.

Setting aside, for the moment, the BTC only 🆚 MultiCoin debate, the EO, presumably written by @DavidSacks, @howardlutnick, and @BoHines, with input from folks like @giancarloMKTS (per @CGasparino’s reporting), and others, is as good as it gets, related to what a President can do.

@LizClaman @CGasparino and I recently discussed that it takes an Act of Congress to spend the people’s money. Yet, @realDonaldTrump has DIRECTED @SecScottBessent and @howardlutnick to find ways to “acquire” BTC in a “budget neutral” manner. 🤯

Did you know that the Exchange Stabilization Fund (ESF) gives the U.S. Treasury Secretary BROAD authority to buy, sell, and hold financial assets to stabilize the U.S. dollar and foreign exchange markets?

I’m not suggesting that Secretary Bessent will be buying BTC tomorrow, because, no doubt, it would be challenged in Court, but my point is this EO is as good as it gets. The only way it could be “more aggressive” is if @realDonaldTrump declared the $36T deficit an economic emergency under the International Emergency Economic Powers Act (IEEPA), which allows a President to regulate financial transactions during an emergency, and he instructed the Treasury Secretary to buy BTC, which, because we operate at a $2T annual deficit, would require using debt (ie print 💴) to buy BTC, which would be insane and stupid. Or, maybe the President could use the Defense Production Act, which allows the President to direct industrial production for National Security, and he declares BTC mining vital to national security and starts mining, and buying, BTC. Again, this would be insane.

Hence, the EO we received is as aggressive as a President can do, absent invoking emergency powers.

I’m surprised BTC isn’t $120K already.

As for the MultiCoin debate and people disappointed, BTC has ALWAYS led the market. You can dislike it, but it’s reality. But less than a week ago, The PRESIDENT OF THE UNITED STATES posted how he believed XRP, SOL, ADA, ETH, and “other cryptocurrencies”, along with BTC, were strategic to American interests, moving forward.

Compared to two years ago, or compared to November 4, 2024, I’d say the ENTIRE Crypto Industry should be pretty damn pleased.

[Wendy O @CryptoWendyO]

Guys, I'm beyond over stimulated

Please ping me at $100,000 Bitcoin

I need to go to Costco and buy some rations for my weekend in bed

Love Mommy xx

[Michael Yang @azuremike57]

@RobinhoodApp $BONK

[Kim Klemballa @KimG_Marketing]

@3IQCorpUS Launches Funds Globally That Track @CoinDesk 20

“Advisors have an appetite for digital assets but don’t have the conviction to track assets beyond #Bitcoin. This offering opens up broad-based exposure...”

https://t.co/LvAbFYq8BX

[Ripple @Ripple]

Today, we’re excited to announce that Ripple has signed a deal to acquire @StandardCustody, strengthening our product offerings and adding to our growing portfolio of regulatory licenses around the world. Learn more about our latest acquisition: https://t.co/JJp51mEabL

[Brad Garlinghouse @bgarlinghouse]

Given some irresponsible speculation and reporting, I want to reiterate that NO Ripple-managed wallets were compromised. Full stop.

[CoinDesk @CoinDesk]

It finally happened.

The asset management industry has tried launching a spot #bitcoinETF for over a decade.

Hopes are high they will lure more investors into crypto. 🔗 https://t.co/3qBQZ8sBMd

Here's a look at how we got here 👇

[CoinDesk @CoinDesk]

JUST IN: @SECGov approves #bitcoinETF applications.

@nikhileshde and @SteveAlpher report

https://t.co/tnB0lAoRhb

[Altcoin Daily @AltcoinDaily]

BREAKING: SEC Approves All 11 Spot Bitcoin ETFs

Grayscale Bitcoin Trust
Bitwise Bitcoin ETF
Hashdex Bitcoin ETF
iShares Bitcoin Fund
Valkyrie Bitcoin Fund
ARK 21Shares Bitcoin ETF
Invesco Galaxy Bitcoin ETF
Vaneck Bitcoin Trust
WisdomTree Bitcoin Fund
Fidelity Wise Origin Bitcoin Fund
Franklin Bitcoin ETF

[CryptosRus @CryptosR_Us]

WTF is going on!!!!

[SEC Chair Gary Gensler Archive @GenslerArchive]

The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.

[Blockworks @Blockworks]

INSIGHTS: What is a bitcoin ETF, and why is its potential approval such a big deal?

https://t.co/p6Lmydr5ny

[Rajat Soni, CFA @Rajatsoni]

#Bitcoin ETFs are on the way.

Let me explain what that means:

(THREAD 👇)

[CoinDesk @CoinDesk]

Tax season is coming. Do you know how to properly file your crypto taxes?

@jacksonhewitt's @marksteber joins "First Mover" to share common mistakes and give some tips for beginners as part of #TaxWeek, presented by @TaxBit 👇

https://t.co/G39kJrxhhd

[John E Deaton @JohnEDeaton1]

As a federal judge you’re supposed to be a shining example of judicial integrity. Why can’t this judge admit that she wrote the damn letter and own it. If she now thinks it was a mistake and she was wrong, just say it. But she knows damn well that she wrote a letter like this to the Governor 3 years ago. Testifying that she needs to look at the letter and doesn’t remember writing a letter of this nature is 💯 perjury in my view. We live during a time when no one seems to be able to own their shit and have the humility to simply say: “Yes. I wrote the letter. It was a mistake.” Being human means being wrong at times. If I were a Senator I would vote NO on this judge even if she was the choice of my political party.

[John E Deaton @JohnEDeaton1]

As I’ve said for more than 3 years, Ripple is not going to abandon #XRP. It has a fiduciary duty not to.

Do the math:

2015: Series A valuation - $128M
2016: Series B valuation- $410M
2020: Series C valuation- $10B

2022: Series C Buyback valuation - $15B

Last year, Ripple bought back its Series C shares at a 50% higher price. Ripple clearly believed investing $300M on itself was the best investment available at the time.

But Ripple did so during the worst crypto bear market we’ve experienced

AND

BEFORE the Torres Ruling!

That took 🏈 ⚽️ 🏀

Now you see one of the reasons why I’ve said @bgarlinghouse is arguably the MVP of Crypto Company CEOs.

Ripple’s pre-IPO’s shares clearly trade at a valuation significantly less than $15B. Owning 48B-50B #XRP make it insane to abandon #XRP. If #XRP reaches $2, Ripple has an asset valued at $100B. You get the picture.