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/

News update.

Similar to what I mentioned in my Riot mining thread, it appears many people are still in a disbelief stage of the present market cycle. I reckon this will stop and everyone begins shouting that it is a bull market when they witness the price pump to $40k and receive the news that Brad Garlichouse of Ripple saved the cryptospace market by winning a landmark case against the SEC and setting a precedent that many crypto projects are not illegal securities.

No one can be certain if this is the end of the bear market, however, some unexpected occurences might mark the end of it. This victory by Ripple and Garlichouse might be one of them.



XRP coin surges after judge delivers a huge win to Ripple in SEC case

Ripple’s XRP
 token surged on Thursday after a judge in the Southern District of New York ruled that it’s “not necessarily a security on its face.”

The news marks the latest development in a three-year battle between Ripple and the Securities and Exchange Commission. There is a possibility that some of these findings could be appealed and reversed. Indeed, the filing said that the court would issue a separate order setting a trial date.

Source https://www.cnbc.com/2023/07/13/xrp-surges-after-judge-delivers-a-huge-win-to-ripple-in-its-case-against-the-sec.html

Did Ripple and Brad Garlichouse save much of the projects in the cryptospace from uncle Gary? They won against lawsuit that the SEC started against them. XRP is now officially not a security.

It also appears the Hinman documents has helped persuade the judge that XRP is not an illegal security which might make a precedent that many projects in the cryptospace accused of being illegal securities are not really securities hehehe.



Ripple Labs notches landmark win in SEC case over XRP cryptocurrency

Source https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/

Should this fight become the co-main event because they are fighting for the WBC bantamweight championship? Does this also give a chance for Nonito and Santiago to have the promotion put more money in their purse? They should be given more money. Nonito's millions of fans from the Philippines will certainly add more eyes to watch Spence vs. Crawford, I reckon.

News update.

There are some speculations in social media that uncle Gary might use the ETF approval as something to force Coinbase to be more transparent in how they operate the exchange if they are to be the surveillance sharing partner of BlackRock and Fidelity.

If the speculations are correct, I reckon the approval might take longer than expected because Brian Armstrong might have something to hide hehehe.



Securities and Exchange Commission Chair Gary Gensler pushed back on calls from the crypto industry to recuse himself from making certain crypto-related decisions, saying he is “fully compliant” with the law. 

“I take an oath, along with my fellow commissioners, to enforce the law that Congress passed and how the courts interpret it,” Gensler said during a media availability following a commission meeting related to rulemaking on money market funds and broker-dealers on Wednesday.

Gensler declined to go into specific ETF filing, but repeated a broader concern of U.S. financial regulators that crypto exchanges tend to operate “a bunch of conflicted services,” a concern that the agency highlighted as part of its rationale for an enforcement action against Coinbase. 

“What that means is they could be trading directly against you and market making against you which you would not see, or hope to see on the New York Stock Exchange or NASDAQ,” Gensler said.

Source https://www.theblock.co/post/239254/secs-gensler-pushes-back-on-industrys-call-to-recuse-from-crypto-actions

We cannot be quite certain if there should be. If someone stole assets that belong to the people who use the DEX and provide liquidity for the DEX, this is still called theft hehe.

This case also sets a good precedent because this might discourage flash loan attacks. However, developement teams should also encourage whitehat hacking and give security engineers generous bounties to find security vulnerabilities.

Is the US department of justice selling bitcoins under their custody again similar to what they have done on March? According to this article those bitcoins are moving. Also, bitcoin has made 6 pumps to $31k, however, there was a big dump after all 6 of those pumps.

In any case, the voters of sideways might be proven correct if the big seller continues to dump on our faces hehehe.



Crypto wallets belonging to the Department of Justice on Wednesday moved $300 million in BTC to new addresses in two transactions.

The feds hold Bitcoin that's been seized from criminals and sometimes move it around. In the past, they've done so because they intend to sell it—but not always.

The feds have since been selling the crypto bit by bit; in March, they sold $215 million-worth of the "digital gold." At the time, they said they plan to dump another $1.1 billion.

Source https://decrypt.co/148285/us-moves-300m-worth-of-silk-road-bitcoin

@btc_angela. I am not as optimistic as you on Nonito Donaire. If you again watch his rematch against Inoue, you will see that Nonito has already become slower in the ring in his older age. Also, coming back after a knockout loss at 40 years old? I shake my head why his wife allowed him to fight.

I respect Nonito, he is one of my favorite boxers and I consider him a little more skillful than Pacman, however, if to place money on him for this fight as the favorite? Diffcult hehe.

It might be before 10 rounds hehe. Francis Ngannou has only reached the 5th round only once in MMA vs. Cyril Gane, a fighter who likes to fight at a distance. Gane's type of style does not force on his opponents to make them tired. However, Tyson Fury will be always in front of his face and force Ngannou to always take action and make mistakes. This will be over in 7-8 rounds or it might be earlier, I reckon. MMA fans should bring a big stretcher to carry Francis out of the ring after Fury is finished hehehehe.

Do not underestimate the egotistical troll Elon. He has also been training in the ways of Brazilian jiu jitsu. I do not know who this person teaching him, however, he is also practicing!



Also, as I have already mentioned in this thread, the former UFC welterweight champion and the arguable goat of MMA Georges St. Pierre has offered his services to train Elon in the art of karate!



Do you see his black belt?

@stompix. The problem is you think CZ is part of the exclusive club of insiders. He is not, he is an outsider. None of the founders and CEOs from the cryptospace are in the club. In reality, our rulers and the masters of traditional finance are ordering their footmen in the government to attack crypto CEOs like CZ, Brian Armstrong and Jesse Powell because the rulers want to takeover.

If you really trust uncle Gary or grandma Yellen, that they are attacking Binance and Coinbase because they want to protect us the small minnows, hehehe okay. There is nothing more to argue about.



The US Securities and Exchange Commission’s consecutive lawsuits against crypto exchanges Binance and Coinbase put the crypto market at risk of paring its near-50% rally year-to-date. However, Dawn Fitzpatrick, the CEO of Soros Fund Management, asserted that the recent tumult provides an opportunity for traditional finance to “take the lead.”

Source https://coinchapter.com/sec-vs-exchanges-battle-made-crypto-ripe-for-a-takeover-says-soros-fund-management/

@tabas. On people changing their assumptions and beliefs, I agree. However, I will also agree that Larry Fink will say anything about things that he does not believe in if he can make billions of dollars from them hehehe.

Do not make the mistake in celebrating that he is here for bitcoin. He is here for money. It should also not be shocking for us if he begins shilling for altcoins during the next years.

It appears there are BCH tokens issued in other networks like Binance smartchain? However agreed, this is very concerning. This is very much similar to what I have been saying before, anything in an unregulated environment that can fractionalize will fractionalize.

In any case, on my speculation that Justin Sun might save Binance, it might be the beginning hehehe. Justin Sun controls the private key that mints and issue TUSD. If this is 100% backed or not, we cannot be certain.



Binance holds almost 90% of TrueUSD after a recent spike that saw more than $2 billion of the dollar-pegged stablecoin move to the world’s largest crypto exchange.

Source https://www.dlnews.com/articles/markets/binance-controls-90-percent-of-stablecoin-trueusd-supply/

@Daltonik. According to this article Genesis Global gave undercollaterized loans that totalled to $2.3 billion to famous cryptospace gamblers Su Zhu and Kylie Davis, the founders of 3 Arrows Capital. This is head shaking because it appears that Barry Silbert has done something similar as Sam Bankman-Fraud when Sam gave loans backed by questionable collateral to Alameda Research.



The lawsuit specifically alleges that Genesis misrepresented its risk management process by making huge loans to irresponsible counter parties, including Three Arrows Capital (3AC), motivated in part by those counter parties benefiting the Grayscale Bitcoin Trust (GBTC), another DCG subsidiary. The lawsuit details loans to 3AC totaling $2.3 billion and suggests that the collateral for this trade was valued at less than 50% of the loan total. A portion of this collateral was actually shares of GBTC.

Source https://protos.com/dcg-fraudulently-covered-up-3ac-induced-insolvency-gemini-lawsuit/

That was what I speculated which was why I dismissed the news someone shared last month and asked why is mainstream news media reviving an old storyline from 2020-2021. This new ETF storyline might be BlackRock. It is head shaking to think that Forbes magazine suddenly became bitcoin supporters. Someone is behind this, I reckon.

RWA is short for real world assets. BlackRock CEO Larry Fink mentioned in an interview in the Fox news channel that they can create more tokenization of assets and securities. Similar to the other trending storylines of the past, the next big storyline might be for the tokenization of real world assets and there are platforms in DeFi being developed for this already.

https://coinmarketcap.com/view/real-world-assets/

Will some of these coins be 100x gems? Begin the research hehehe!



BlackRock (BLK) CEO Larry Fink said crypto, specifically bitcoin (BTC), could revolutionize the financial system in an interview with Fox Business on Wednesday.

“We do believe that if we can create more tokenization of assets and securities – that’s what bitcoin is – it could revolutionize finance,” he said.

Read in full https://www.coindesk.com/business/2023/07/05/blackrock-ceo-larry-fink-says-bitcoin-could-revolutionize-finance/

It was a mistake for me to dismiss when someone created a thread about BlackRock's ETF filing. I thought it was the mainstream news media running out of stories about crypto. It was really BlackRock starting the real ETF storyline hehehe. Did anyone also notice Forbes magazine has suddenly become supportive for bitcoin?

In any case, it will begin with 1 ETF approval then it will be a cascade of other approvals. Slowly then suddenly hehehe. I speculate that we might witness one of the biggest pumps on bitcoin once BlackRock and the other institutional investment funds twap into bitcoin.



In a recent interview with CNBC, former SEC chair Jay Clayton said a Bitcoin ETF approval would be “hard to resist.” Moreover, Clayton shared his perspective on how far the digital asset industry has come, and why developing regulatory standing would make an approval favorable.

In recent weeks, a host of traditional financial institutions have come forward with Spot Bitcoin ETF filings. Among those are asset management behemoths like BlackRock and Fidelity, which each submitted their proposals within the last month. Now, the industry awaits the SEC’s decision on what would be their first approval of the like.

Read in full https://watcher.guru/news/former-sec-chair-says-bitcoin-etf-should-be-approved

Also, were you in a prohibited jurisdiction when you were working overseas? It is very important to know, however, you do not need to answer the question if you think it will incriminate the account while your case is still open with stake.com. It might also be the real source of the problem if you were.

Agreed. It will only be another storyline created for the purpose of collective brainwashing and it should be expected hehehe. Blackrock owns shares of many mainstream news media companies in America and it would not be shocking if they also own shares of the company that has corporate control on Forbes magazine.

These people are our owners. They control the companies of almost everything we use and buy in our daily lives. What we wear, what we eat, where we work, much of everything.