I would speculate that it is the Blackrock effect. There are presently powerful people from traditional finance who want to debunk the FUD because they have their ETF applications on uncle Gary's desk hehehe. Forbes is one of the news outlets that had a very noticeable change of stance on bitcoin. I reckon there will be more coming for the rest of this year.

Robert F. Kennedy Jr has outlined his plan to create a new public debt issuance that will be backed by bitcoin and precious metals. He also said that bitcoin trading will be exempted from capital tax gains under his administration. This will certainly create big headline news hehe.

It also appears that Bukele will also find a friendly American government towards El Salvador if papa Robert wins hehehehe. The both of them are bitcoiners.



“My plan would be to start very, very small, perhaps 1% of issued T-bills would be backed by hard currency, by gold, silver platinum or bitcoin,” Kennedy said, describing his vision for returning to a hard currency standard in the U.S.

In addition, Kennedy announced his administration “will exempt the conversion of bitcoin to the U.S. dollar from capital gains taxes.”

Source https://www.thestreet.com/cryptocurrency/rfk-jr-announces-plan-to-back-dollar-with-bitcoin-end-bitcoin-taxes

News update from uncle Jim.

If you are working in America, it might be good to have a coffee with your boss and be on his good side. It might help you avoid being in a list of employee layoffs.



Jim Cramer doesn’t see a recession on the horizon, says recent conjecture “just doesn’t hold up under close scrutiny”

Source https://www.cnbc.com/2023/07/18/jim-cramer-doesnt-see-a-recession-on-the-horizon.html

This is only for publicity to create fear, uncertainty and doubt. Similar to what you said, this is not something new. The people behind this do it to push for their real agenda whatever they may be. It would not be very surprising if the agenda involves strict regulations on self hosted wallets, required reports on wallet to CEX transactions and a required income bracket rule where if you earn less than a certain amount per year, you are not allowed to trade in a CEX.

This will certainly make it very difficult for many exchanges like Binance to survive and make it easier for traditional finance to takeover as the leading cryptocoin exchangers of the cryptospace, similar to how they are the leading exchangers of forex.

Agreed that it has only a low chance to occur, however, witnessing Justin Sun buy Poloniex and rumored to be behind the group that moved on the takeover of Huobi, I would not be shocked if he also purchased Binance.

Justin Sun is also the issuer behind the stablecoin TUSD which 90% of this is used in Binance as an unofficial replacement for BUSD.

Have we found our 12th participant?

Hello @yahoo62278, I hope your health is getting better.

Sam might not go to prison, he might be freed and might only be given a slap on the wrist hehehe. He is Gensler's pet and he might now also be his informant.

On CZ and Binance. There should not be any personal feelings for or against him and the exchange. Everyone who has traded in Binance has agreed on their terms, you paid  for the fees and they gave you their service. It is a business relationship. If they are rumored to bite the dust, you should leave the service.

However, these good and honorable people from traditional finance want to maintain their good reputation and have a clean name because they are politically connected. They do not want to appear like they are the evil men who manipulated the destruction of an industry so they can takeover. Some of them might have a future in politics, their relatives might have a future in politics and their political connections are important them. They do not want to appear dirty to the public.

Similar to the Italian mafia, they like wearing suits and make it look to you that they are honorable people.

I disagree on CZ not going to jail. He was the trigger that caused the collapse of FTX and exposed Sam Bankrupt-Fried as a fraud. The rumor is Sam is a pet of uncle Gary and the Democratic party's boy for their moneylaundering operations. I would not be shocked if there was some truth to this because Sam's parents have some connections to the Democrats, his mother is also rumored to be close to Hillary Clinton. It is not a surprise that Sam is one of the biggest donors to the Democratic party hehehe.

In any case, there might be people in the government who will use everything in the law to witness CZ go to an American jail. This might also be seen as good for their war against China storyline.

@Rikafip. My prediction, CZ will resign or be removed as CEO and Justin Sun will buy Binance and continue to operate as a small exchange similar to Poloniex.

Do not take the reply seriously, I was only making a funny comment hehe. I am quite certain Justin Jefferson will remain one of the highest ranked players during our fantasy draft. He might be there with Cooper Kupp on ranks no.3 or no.4.

However, if the hacker is not a real criminal or a member of the Lazarus Group, it would be better and less risky to take the bounty instead of having your wallet constantly followed and scanned by blockchain analytics. It would be a very similar situation as this Argentinian hacker where he had no choice but to return the most of the stolen coins because he cannot send them anywhere without exposing himself.



Jaime confirmed he gave most of the money back, but said on March 17 that he unwittingly sent $200,000 in Ether to Lazarus Group — a state-sponsored North Korean crime syndicate sanctioned by the US Treasury.

Source https://www.dlnews.com/articles/defi/argentinian-euler-hacker-explains-exploit-from-a-paris-jail/

@o_e_l_e_o. Similar to what I said to you on July 8 in this thread, before it appeared to be FUD. Presently, for certain Binance will die. The speculation is in how Binance's dominance will end. Will it be similar to FTX where we witness the imprisonment of CZ and the collapse of Binance or will Binance end like Poloniex or Bittrex and become a small exchange that everyone avoids hehehe.

Would you agree if I say that Binance will end and CZ will go to prison on 2024?

@zasad@. I am very worried what kind of storylines and doubts the SEC and the mainstream news media might create after this case. It is very important that we must not lose the idea of what the judge's ruling really implies.

From the information that I have read from the ruling, it appears the judge has clearly said that the tokens are not by themselves a contract, transaction that embodies the howey requirements. Read in page 15 of the ruling.

https://www.dropbox.com/e/scl/fi/bk1n1qn1tgscrcrrfldr8/SEC-v.-Ripple-Ruling-on-Motions-for-Summary-Judgment.pdf?dl=0&rlkey=cjyfdw5rl58diqxyi3qfgix7s

Also, it is not very helpful for anyone to accuse a sportsbook or a casino of scamming them immediately. It will not help the user get his withdrawal approved and it will not help the casino's reputation. However, what we can do as a community is help each other solve these types of cases, assuming that the user is willing to give all honest information on why the casino blocked a withdrawal.

I reckon this forum will not be a very good place for any crypto business if antagonistic accusations constantly occur.

Justin Jefferson might not be good to draft for this season. Yes, Kirk Cousins said it is okay for him not be included in Justin Jefferson's list of top 5 quarterbacks in the NFL. However, Cousins will show his real feelings on the field hehehehe. No throws for Justin on 2023 hehehe.



Vikings quarterback Kirk Cousins offered an honest perspective on Thursday regarding his take on being overlooked by teammate Justin Jefferson on his list of the top-five quarterbacks in the NFL.

A clip of the star receiver from a recent trip to Brazil as an NFL ambassador went viral earlier this month after Jefferson tabbed, in order, Patrick Mahomes, Aaron Rodgers, Joe Burrow, Jalen Hurts and Josh Allen as the game’s best QBs.

During an appearance on KFAN-FM 100.3’s The Power Trip, Cousins was asked if it bothered him that he was excluded from Jefferson’s list. After initially saying he was unaware of the ranking, the 34-year-old graciously accepted the opinion before looking toward the pair’s future.

Source https://www.kansascity.com/sports/article277341723.html

@zasad@. However, was it not mentioned by the judge that XRP is very much like a digital token and not something similar to an investment contract or a transaction that requires XRP to go through the howey test?

We cannot be certain who really has the correct interpretation, however, I very much agree with this statement.



Because the @SECGov and @GaryGensler refused to write clear rules for crypto, a judge just did it for them.

Source https://twitter.com/cameron/status/1679552793705578496?s=12&t=fx2RmsbaS0qNJTJTdpNu2w

It appears that you have not considered that competion is one of the elements in business and crypto exchanges belong to a very competitive market. If you run it like I have enough profits, you risk your exchange to be outcompeted and in time your competition might bankrupt you.

In any case, news update. Binance might be outcompeted by the next biggest exchange hehehehehe. Sam is happy with news, I reckon.



Binance lays off employees days after executive exodus

Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told Reuters on Friday.

The layoffs at the world's biggest crypto exchange come at a time when the industry's future in the U.S. market is uncertain, with regulators aggressively clamping down on what they deem are illegal activities.

The job cuts were first reported by the Wall Street Journal, which said more than 1,000 people had been let go in recent weeks.

Source https://www.reuters.com/technology/binance-lays-off-over-1000-employees-wsj-2023-07-14/

It appears that it will be 10 rounds. Team Diaz requested to add 2 rounds and Jake Paul said yes. It also appears Jake Paul is not very much concerned about Nate's stamina which might be Nate's only advantage for this fight.

I reckon Jake is a very honorable man for allowing team Diaz's request. Other boxers like Gervonta Davis would force their opponents to surrender their opponents' advantages through their contracts.

I any case, these are good dates for boxing. Fulton vs. Inuoe on July 21, Spence vs. Crawford on July 25 and for the next week it is Jake Paul vs. Nate Diaz.

I am not quite certain why everyone is excited to watch an MMA fight between Zuck and Elon. It will be a very boring fight with 2 nerds only holding each other for 15 minutes. However, you know what would not be very boring? A power slap match between them hehehehehe. I would like to witness 2 billionaires slap each other until one goes to sleep!

@YuginKadoya. This sexy fighting kitten is Ailin Perez. You might like her fighting style on July 15 hehe.

I very much agree. Blackrock holds shares of companies that own much of the producers and services in America. They also might have enough political influence to get the approval. I am only saying they might have because nothing is 100%. However, these people behind Blackrock are a part of a group that rule and own much of the wealth in America.

In any case, Europe appears to have launched their spot ETF already hehe.



Europe Brings First Spot Bitcoin ETF to $4.8 Billion ETP Market

Jacobi Asset Management will launch the first Bitcoin exchange-traded fund (ETF) in Europe after a delay caused by the Terra Luna crash.

Jacobi has emphasized that theirs is the first European Bitcoin ETF that exposes investors to actual shares.

Source https://beincrypto.com/europe-beats-us-first-spot-bitcoin-etf/