$SOL
Something I learned the hard way in the past:
Just because a high time frame chart (monthly, weekly, daily) looks like a market has been without pullbacks
Doesn't mean that there have been no tradable pullbacks
Sharper/faster trends require lower time frames
so just to recap
- WSJ journalists (Angus Berwick & Ian Talley) write a flurry of articles citing Elliptic data claiming that PIJ (Hamas affiliate) raised $93m in crypto (and cites BitOK claiming Hamas raised $41m) [1]
- Sen Warren uses this article to claim that Hamas raised "over $130m" in crypto. This article is her SOLE citation in her letter. The entire letter depends on the WSJ article [2]
- Over 100 member of Congress sign the letter, which asks for the Biden admin to further crack down on crypto
- Chainalysis comes out with an article disputing the WSJ claims, saying that instead of $82m of terror financing, the real figure is around $450k. It's unclear which wallets they are referring to. Either way, it looks like the WSJ analysis is vastly overstated [3]
- WSJ refuses to follow up or retract, instead writing more articles relying on their claims
[1] https://t.co/5wStI7hhyK
[2] https://t.co/cDycaLtA7E
[3] https://t.co/QDHiS5ShmJ
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