Lukas

[DEGEN NEWS @DegenerateNews]

BREAKING: @binance FUTURES TO LIST @solana MEMECOIN $BOME (@Darkfarms1) PERPS WITH UP TO 50X LEVERAGE AT 2024-03-16 12:30 (UTC) - LESS THAN 2 DAYS SINCE THE TOKEN LAUNCHED

[Binance @binance]

Today #Binance will burn a significant amount of Binance-pegged tokens on various chains.

The equivalent amount of these tokens on their native networks, which were used as collateral, will then be released.

[Binance @binance]

Later today, #Binance will convert collateral assets of Binance-Peg $BUSD to $FDUSD at a 1:1 conversion rate.

As part of our previously communicated winding down of $BUSD, $BUSD will be released and $FDUSD will be substituted as collateral on the Ethereum network.

Full details here ➡️ https://t.co/SC2UE8DyzN

[Omid Malekan @malekanoms]

Some thoughts on the Binance settlement, with the preamble that I think companies that don’t like certain laws should still comply with them while campaigning for change.

One interpretation of the government’s suit and the resulting mammoth settlement is that by refusing to implement compliance schemes like AML & CFT, Binance failed to stop money laundering and the financing of terrorism.

The problem with this interpretation is that vast sums of illicit flows still move through the companies who do comply. Banks, brokers and other types of (mostly non-crypto) intermediaries are the preferred route for tax and sanctions evaders, to the tune of over a trillion dollars a year.

A more accurate interpretation is that Binance refused to participate in the pretense of stopping illicit finance. They didn’t kick out the occasional bad actor or file endless suspicious activity reports. In other words, they didn’t play the game, didn’t pay their annual tithe to the AML-Industrial Complex (a cushy landing spot for ex officials) and didn’t kiss the ring, as it were.

You could see the Kabuki aspect of all this in the joint press conference held by various Important Government Officials yesterday. If you didn’t know the context and watched the whole thing on mute you’d think the Feds just brought down a major drug cartel or rounded up the remnants of ISIS, as opposed to finally extracting their pound of flesh from the preferred trading venue for Dogecoin.

This settlement was so important that it warranted an appearance by the Secretary of the Treasury, but not important enough for her to know how to pronounce the company’s name.

Also telling: most of the Tough Talk from the People in Suits was about the procedures Binance refused to follow, and notably NOT about the terrorism that Binance enabled.

The same goes for the unsealed settlement docs, full of shocking (not really) revelations like the time some dude in Washington traded $1400 worth of some coin with some dude in Iran. This from the same administration that released $10b to the Iranian government a week ago.

People who sincerely believe that crypto is some unique enabler of bad people doing bad things don’t understand how the rest of the financial system actually works.

One of the biggest banks in America still operates a division in Russia, and many of the world’s worst tyrants use America as their piggy bank. But that’s all considered OK because someobody did the paperwork.

Binance was wrong to lie to its customers and wrong for not being compliant. But that doesn’t mean it’s a bad company. Spend five minutes googling “banks facilitating money laundering” and you’ll find that financial firms with household names have been caught doing far worse things involving orders of magnitude more money, yet suffered much milder consequences.

If they’d been held to the Binance Standard there’d be hundreds of managing directors in jail and less money for shareholder buybacks (or lobbying). But the bankers were smart enough to never question the game.

Unlike FTX—a company whose psychopathic leader was beloved by half the people in that press conference not that long ago—Binance didn’t abscond with user money.

It did a reasonably decent job of onboarding tens of millions of poor, brown, and otherwise underprivileged people into the financial system, something the world’s compliant financial firms have chronically failed to do (which is OK—it’s not considered redlining when the AML department holds the pen).

Binance's net contribution to a more inclusive financial system is something to be commended. What remains to be seen is if firms like that can keep serving underserved populations now that they too have agreed to play the game, and do the paperwork.

[Hsaka @HsakaTrades]

Took almost 15mins for the market to react to the hinman emails.

Everyone asleep at the wheel.

Thanks for the shekels.

[Anchor Protocol @anchor_protocol]

1/ With the passing of Prop 26, $ANC tokenomics are getting an upgrade! 🎉

Let’s dive into what the move from $ANC to $veANC will look like & how it impacts voting, staking rewards, & the soon-to-come collateral gauges which could lead to the #AnchorWars⚔️ 🧵

[RyanLion 🌒 @TheRyanLion]

Hear me out…

Based purely off these 2 tweets in the last 24 hours from the official @terra_money account…

Something spicy, something South America…

$UST to be legal tender in Chile 👀🌶🇨🇱🤷🏻‍♂️

[Master Mo Memes @MasterMoMemes]

Upcoming threads:

- Strategizing airdrops (buy, hold, sell)
- Governance: what, why, and how
- Scared money don’t make money
- $ATOM primer
- $OSMO primer
- $JUNO primer
- $DVPN primer

Like + retweet if you’re excited 🤝

[Master Mo Memes @MasterMoMemes]

Upcoming threads:

- Farming in the #cosmos ecosystem
- Strategizing airdrops (buy, hold, sell)
- Governance: what, why, and how
- $ATOM primer
- $OSMO primer
- $JUNO primer

Like + RT if you’re excited 🤝

[Master Mo Memes @MasterMoMemes]

My next thread is gonna be on yield farming in the #cosmos ecosystem.

Like + RT if you’re curious 😯

[John Galt @lurkaroundfind]

1/13 So @prism_protocol has allotted 40% of all Prism tokens to "core contributors and partners," right? Wanna know who those organizations are, how much Prism each is getting, and how likely they are to dump? Read on...

[Lukas @zwflips]

@EncryptionDog #COSMOS

[Lukas @zwflips]

@DefiKingdoms @leslzy

[DeFi Kingdoms 🔺🌿 @DeFiKingdoms]

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[Lukas @zwflips]

Do you remember when you joined Twitter? I do! #MyTwitterAnniversary

[Lukas @zwflips]

@cryptolikemo @MetaRatsNFT @leslzy @yankitkay @yuanxingg

[Master Mo Memes @MasterMoMemes]

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[Lukas @zwflips]

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[IBCNFTsᵍᵐ 🖼️ ⭐ @IBCNFTs]

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$SCRT