Crime & Punishment
Ryan Salame approaches his date with judicial destiny - where will his stretch fall on the CZ-SBF scale?
Degraded Performance
Not a good day for Coinbase as it suffers systems maladies…
Malodorous Hacking
From Pyongyang with purpose but no love comes a new threat, North Korean hackers deploy ‘Durian’ malware, targeting crypto firms.
Rice Trading Off Blockchain
SBF finds himself still in pure play guilt denial (well technically he was raised to deny guilt exists so clearly he inherited a philosophical quandary from his parents) and is busy trading rice in jail.
“Just Say No!”
In a bygone era it was the White House phrase to curb drug usage. In the age of fentanyl afflicted addicts on almost every street corner, it now appears to be the Biden admin’s catchphrase against crypto: “Just say no!”
244 Exchange Invest Weekly Podcast May 11th, 2024
This week in the parish of bourses and market structure:
All Weather Excellence Says Leading Exchanges Grow More Than 20% In Q1,
There’s A Dash of Spring MOU Madness In The Air,
While Europe’s Leading Financial Industry Bodies Warn The Flywheel Needs To Turn
Crypto Caveat Emptor
Perhaps more than any other part of the tech industry, crypto relies on storytelling. This is because the underlying technology, as it exists today, doesn’t have much to offer the average person in their day-to-day life.
Barbies, Roasts & Bad DD
“Oh no it doesn’t!” The pantomime of childish crypto kiddies continues to argue they ought to be allowed to do what they want and old fuddy stuff like the law and regulation be damned.
Carpet Bombing?
Given the crypto industry continues to spend considerable amounts of money itself seeking to carpet bomb the US regulatory bloc, one might perceive a certain kettle / pot black hypocrisy?
COIN Soars
There is a sense of shock about the CZ sentence after all the talk of at least 18 months from various quarters...
Poetic Justice?
A frequent complaint in Bitcarnage has been the lack of self awareness of those involved in the crypto V1.0 economy.
4 - Month: FUD!
In the end, CZ is a very very lucky man to get away with 4 months incarceration where his former foe SBF has decades in jail ahead of him.
The Mega Spread
There’s lots of talk about how crypto helps create liquidity. Not that this is apparent amongst the legal shenanigans as Do Kwon / Terraform seek to low ball the US Gov fine with probably the most egregiously wide spread we’ve ever seen!
The Big Nyet?
The big Nyet from Moscow may be looming. Russia Prepares For Total Crypto Ban As Geopolitical Tensions Rise (Crypto Briefing) / Russian 'Crypto Ban' Could Come into Force by September (Cryotonews).
Ongoing Distributed Lawfare
The one consistent ‘given’ in the world of crypto appears to be not merely that the lawyers always win but that lawfare is the largest element of crypto discussion much of the time.