1) Biden forced US taxpayers to pay the Palestinian Authority.
2) The PA transfers 30% of its annual budget to Hamas.
3) In 2021 alone, the PA transferred $1.7 BILLION to Hamas.
4) Biden admitted to knowing US aid will go to terrorists. He chose to go ahead with it anyway.
So yes, that’s literally your money right there in the photo above.
An unprecedented $8.2T of US government debt will be maturing in the next 12 months, or 1/3 of the total Treasuries outstanding.
That is 3.5x more than what was net issued so far this year.
Keep in mind that the fiscal deficit next year would also require at least another $2T in addition to the $8.2T that needs to be re-issued.
People keep losing money to scams on google ads
DefiLlama was impersonated, even alameda lost 100M...
We have to stop this.
So I built an extension that replaces the new tab page with a custom search that prioritizes safe domains
https://t.co/2yUXu43DYZ
I think a lot of people are struggling with how inflation is different than other economic metrics.
When unemployment goes down, things are getting objectively better.
When inflation goes down, prices are still rising albeit less quickly. So things are getting worse, slower.
The latest on Crypto vs. SEC:
1) SEC loses motion to appeal Ripple decision that gutted their legal theory
2) SEC files weak brief against Coinbase arguing ~ "the law is whatever we say"
3) SEC Chair fumbles question in Congress on *checks notes* Pokemon cards
Crypto 3, SEC 0
I want to be clear that this is an absolutely insane clown tier take, and @SMTuffy is 100% correct to call this out.
The customer deposits DID NOT EXIST. They had been either stolen (for personal use, or to give to politicians), or they had been converted into things that were not the original source of deposits (like taking BTC and converting it to, oh I don't know, FTT).
To give a real world equivalent in stocks, if you gave your custodian stock in JPM, and rather than keep that, they gave 25% of it to a politician they liked and YOLO'd the other 75% into a levered position on Lehman Brothers, then you have what FTX was doing.
There is no world in which this is a great real business. It is not real. It is not great. It is the definition of fraud.
I’ve been saying if Binance blows up, we’ll be fine in no time.
Got a tip that I’ve not yet been able to fully verify but I would lean towards it being true on… and if it’s true it’ll be a longer more painful ride than I thought.
And life behind bars would be the good outcome for CZ…
I’ve sent that tip to some journalists I think can confirm it if it’s real, and will keep folks updated if I get anything back.
But in good faith, I had to redact my “we’ll be fine” stance, and replace it with “we’ll probably be ok, unless this other part is real in which case holy fuck we’re going to zero and going to have to rebuild up again over time…”
Always fun times in crypto! 😁😅
SEC Chair Gensler at @BetterMarkets this morning: crypto uses “careful lawyering” to “arbitrage various jurisdictions or states.” This isn’t the first time he’s said this.
If hiring lawyers to lawfully structure products/services=nefarious intent, then every US corp is screwed
The CFTC settlement with 0x flies in the face of the reasoning of Risley v Uniswap.
Developers should be free to write software that can be (and overwhelmingly is) used legally, without being held liable for a tiny minority that abuse the software for illegal purposes.
.@GaryGensler has abused his authority to grow the Administrative State to the detriment of the American people. Congress must use all our tools, including the appropriations process, to restrict Chair Gensler from further weaponizing taxpayer dollars.
The damage to #XRP’s adoption in the United States is very significant. As you can see, @coinbase supported and promoted 2 tokens for cross border payments: #USDC & #XRP.
Because the SEC was claiming #XRP was a security, including secondary market sales, independent of Ripple, and Coinbase needed the SEC’s approval to go public and issue an IPO, Coinbase felt compelled to suspend/delist #XRP from its platform.
Once #XRP was delisted/suspended from the platform, #USDC became the primary promoted token, for use moving money internationally.
Without the lawsuit, there’s no reason Coinbase wouldn’t be saying today that is has over one million users holding #XRP.
Real world example of prosecutors' leverage to get defendants to plead guilty. These defendants will serve twice as long in prison because they insisted on their constitutional right to trial.
You can think they deserve a lot of punishment and still acknowledge this is wrong.
🚨 today we are cancelling the apocalypse
i made an arc boost that would go though the tedious process of reporting scam for you.
https://t.co/4aNaJpHGON