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.

@LeGaulois. CZ in America? I am sorry but I disagree. CZ does not have any power in America. This is why he is being sued by the SEC. Also, lobbying? It appears that you do not understand. I am talking about the deep state, the corporate billionaires, the kings of tradional finance, the groups of people who control much of the wealth. If you think this only a conspiracy theory, I will not argue.

In any case, I know we can agree that too much corporate power is the biggest enemy of democracy and it is presently happening in many countries.

@o_e_l_e_o. I have also been seeing those type of comparisons in social media recently. Maybe 1 month ago if someone asked me if uncle Gary would be successful in taking down Binance, I would certainly answer no. Presently if asked the same question, I would be shocked if CZ gets out of this difficult situation without a fine.

However, if he is only fined and allowed to continue to operate Binance, I would consider this a victory. Pump bitcoin to $40k quickly!

I speculate that America will be in the Forbes list of top 10 most friendly countries for bitcoin while Blackrock is applying for their spot ETF hehehehe.

Read this article. After years of fud and years of publishing false news that clearly implies that bitcoin mining is destroying the environment, Forbes has become instantly more supportive. Head scratching update from Forbes hehe.



Bitcoin, often criticized for its energy consumption, actually uses less energy than many traditional industries. With an annual consumption of 129.45 TWh, it accounts for only 0.078% of global energy use. In comparison, the gold industry consumes around 240.61 TWh annually, factoring in emissions from various stages of production and refining. The traditional banking system, encompassing data centers, branches, ATMs, and card network data centers, uses even more energy, estimated at around 638.88 TWh annually.

When we delve into the emission intensity (g/kWh) of bitcoin and compare it with other industries, it becomes clear that bitcoin, with an emission intensity of 296 g/kWh and a sustainable energy mix of 52.6%, is more environmentally efficient than many other sectors.

The gold industry, which relies on a combination of non-electrical and electrical power sources, has an even higher emission intensity of 679g/kWh and a sustainable energy mix of a mere 12.8%, according to Goldmoney.com. These figures underscore the critical role of the energy mix in determining the environmental impact, and they position bitcoin in a more favorable light when considering emission intensity.

Source https://www.forbes.com/sites/digital-assets/2023/07/07/everything-you-need-to-know-about-bitcoin-and-the-environment/

@zasad. I am quite shocked that the Multichain bridge was hacked 3 times. The second hack should have been very concerning already, I reckon. After this third hack, I shake my head. Everyone should start being skeptical about the developers and investigate. I also heard some stories that Multichain's CEO was arrested in China on May.

In any case, this is a list of all hacked DeFi bridges. It might be good to add for your list.

https://gist.github.com/cwhinfrey/9fd1bbc31bbcff08fca242b90c7f875d

@stompix. It is not a conspiracy theory. Unless you live under a rock, you will know the reality that big corporations have always maintained great influence over the government and the people behind it. The outcome of this is our good politicians are ordered to create policies that put corporate interests first before public interests.

If you do not want to believe it, I will not argue with you.

@Willowbitcoin. I want to ask, if it is okay for you, what are your transactions with the stake.com like? Do you move more than $5k in and out of the sportsbook more actively than normal or do you store much of your coins and only withdraw your profit?

I recommended stake.com to someone and he immediately made a big deposit. He was my boss before actually. I am worried for him and now also for me hehehehe.

The fight is going to be on July 29!!! Only 22 days more before we witness who becomes the king of the welterweight division hehehe! We also have another superfight with Fulton vs. Inoue. This month is good to be a fan of boxing.

Also in an interview, Shawn Porter said that Spence has a huge advantage over Crawford in punch output. However, my question for boxing experts of the forum. Will this he enough to win the fight?



Shawn Porter says Errol Spence will have a huge advantage over Terence Crawford with his physical presence and his high punch output on July 29th.

While Porter does rate WBO welterweight champion Crawford (39-0, 30 KOs), he’s incapable of matching IBW, WBA & WBC champ Spence (28-0, 22 KOs) with his volume punching.

Crawford has been a pot-shot fighter his entire fifteen-year professional career, and he’s not going to change now at 36 years old.

Source https://www.boxingnews24.com/2023/07/shawn-porter-says-errol-spence-has-huge-advantage-over-terence-crawford/


Much of the predictions were for Crawford before this month. However, presently there are new storylines that are being argued for Spence. The skeptical me is beginning to think that this might be manipulated to end on a draw and give the promoters another chance to collect more money from a part 2.