Bitcoin ETFs have been marketed recently as the last “safe haven” option for retail holders to safely hold it without risk of hack…but its custodians are just as vulnerable as any other platforms If a crypto ETF storage wallet is drained there’s no resource or direct claim on the lost coins for shareholders
⛔️ Why isn’t it the biggest financial news in the world rn that the parent company of the NYSE is partnering with a Chinese-founded, offshore registered crypto exchange…who just plead guilty to facilitating > $5B in criminal money laundering while allowing >$1 Trillion in unlicensed transactions for US users…to try to move stock trading into a largely unregulated venue, to siphon & subvert US stock market liquidity …shortly after the SEC gives a 5 year blanket “innovation exemption” to remove all industry oversight under directive of the Trump admin??
Speaking of Tether… $USDT has outflowed $9B market cap since May….the most since 2022 Meanwhile $USDC has outflowed a suspiciously close $8.55B I still suspect some market maker or big player is running a rehypothecation / arbitrage scheme between the 2 https://t.co/d4CRfmCN0V
⚠️🚨 Looks like it’s finally happening. MSCI passed its new rules to exclude non operating companies from its indexes…likely resulting in $MSTR & $MTPFL getting delisted sometime in November. The Bitcoin treasury ponzi schemes rely on passive index flows to absorb their infinite dilution. MSCI delisting alone will trigger > $2.8B in passive $MSTR selling…but more importantly reduces liquidity for Saylor to keep printing unlimited shares. It will also likely encourage other indexes to follow suit
Forgot this morning… Saylor diluted $MSTR shareholders another $21M to buy $BTC at a horrendous fill towards the weekly top + used previous dilution to repurchase $192M more $STRC ponzi preferred…which still remains below par after 5 months of buybacks https://t.co/w7dHqOy3Ze
Well Trump says anybody using the word AI instead of SI is now the enemy so OpenAI is also on the hit list
The running narrative is the market would be down bad right now if it weren’t for AI I disagree….The market is being propped by only 3-5 stocks…If it wasn’t AI they would have easily found 3-5 other stocks to pump into a massive credit/debt bubble… Robotics Commercial Space Energy Quantum Pharma Didn’t really matter what they chose…the government was never going to stop printing and the cash was never going to stop flowing
