Coin collectors we love you!  Blockchain belongers, welcome home.  Token takers, bless every one of y'all and all your pals and fams. We love y'all and your beliefs and of course our lady of celestial acceleration, the stellar Publish0x. 

Let us boldly strive together, into the fiat loving pages of the beloved pink lady. Fools rush in where angels fear to tread.  What anti crypto bias can we social justice war on today?  Doing so with love, of course.... 

Nexo blackout still in place.  FREE THE RESPECT FOR ANTONIO!!!

Front page - US rates ripping up.  As is ETH, on the FT front page!!     Not in the FT - the definition of recession has just been changed, even funnier than the changing definitions of inflation rates, lol. 

Not crypto, but fakeness/corrosion of authority:  Boris doing damage on the way out - promised to reduce the House Of Lords, instead he lards it up with 30 more cronies.  What an evil clown. 

Hungary!  Haven't heard about them much before, let's guess.  Inflation?? Hell to the yes. Inflation officially hit 12.5% in June.  Rates just got lifted to 10.75%, from only 2% last fall.  THAT's gotta be a shocker to anyone owing money.  ING says inflation is at a 24 year high (deja vu all over again) and will go up to 14 % this year.  Orban has to do whatever the EU tells him to get Budapest fifteen billion BRRRRRRRRrrrrrrrrrrrTTTT! fresh printed EU fiat. meaning reforms and quit taking Russian fuel. 

Here's a story about crypto!! Is it only online?? YES.  Is it negative as h-ll?  YES!!!!TLDR:  Signature bank grew like crazy over the last 20 years, going from zero to 100 billion AUM -without acquisitions!!   Starting in 2019, they picked up ~30 billion in crypto clients AUM.   Crypto, and miserable NYC biz clients,  have now dropped ~five billion off AUM.  Signature was the best earner in their index, now they are not. 

Turns out the FDIC has a secret watchlist of problem banks. Is Signature on it?  Signature CEO Joe says he could not comment if he WAS on the list, but he is NOT. 

Signature does fund lending, bridge like loans to big investors needing cash flow. All "zero-loss," crypto related loans paid in full. Signature holds no crypto, only dollars.  Signature could survive the "death of Bitcoin and it's ilk"   as Signature still has 15 billion in cash, 20 billion in near cash. 

The REAL story:  That's still a low rent graphic, but someone is trying, thanks!!! We think the FT is saying death of bitcoin and it's ilk, not Joe, but it is not clear.  Except it IS clear the FT hasn't written about Signatures' amazing climb over the last five years.  Now, AUM stutters slightly and the FT piles on in a big fat smear job..  Look at the tiny dip in AUM the FT is all slavering "death to Bitcoin"  over Hell no, Signature is not on the FDIC chit list, and FU for implying they might be.    This is particularly offensive and obnoxious given the slur is juxtaposed with the Woori and Shinhan banks laundering investigation  below, and don't think for a moment that this was an FT accident.

Judges say we can't give even a single FU rating against the mighty Wirecard MVP  Danny  McCrum the first time we see him on a crypto byline.  We disagree, but OK just  this once.  

The Grim Reapers have put the band back together and are going on the road!!  This story appears in print and online, but only has pics online. And we love y'all, so here's the online version. 

The F TLDR: South Korea is taking at hard look at three billion pounds that went through two banks.   Was it D'oh Kwon related?  If just money laundering, ok to crush as well.

The Grim Reapers did an unannounced  pop up tour, raiding 15 locations including the seven largest Korean crypto exchanges , investigating the $40 billion crash of stablecoin terra and token luna.   Venture cap funders and Shin's payment company Chai are also on the hot seat. 

D'oh Kwon maintains radio silence.  Partner Shin says no fraud, just desire to innovate with blockchain. 

Rehash of FT's reporting Terraform Labs employees not allowed to flee, and the Grim Reapers (not so named by the FT) checking for intent on the "flawed algorithmic coins. " 

New news: Korea is rolling out a ~billion pound state bailout for low income Terra victims.  Many are kicking about the  moral hazard "perverse incentives."  Local banks are p-ssed, forced to extend loans and cut interest rates for  "victims." 

The REAL story:  Thanks, FT, for saying terra AND luna lost 40 billion, just like we done told y'all to say, see it's working fams!!   Still, you $#($#(*$&#s just can't say ALGO stablecoin Terra,  can ya?  Even while quoting the Grim Reapers saying just EXACTLY that.  Oh, ALGO stablecoin would interfere with the FT narrative, a careful smear job conflating the Terra Ponzi with all stablecoins, wouldn't it now??  #(*$&#*(!!!! 

The Seoul bailout is a trip, WTF?? no bailouts in crypto!! Yes that is insane moral hazardry!!! So all low income Koreans should take an absolute flyer on any local Ponzi blockchain they can find???  That's nuts.  But news.

Just one little use of the algo word and this could have been a one thank you article!!! But no. 

It took only a day for the FT's crypto news icon to become overexposed and start looking UG LEEEE.  Who the lazy low effort h-ll ever put depressing black blobs onto Bitcoin??  C'mon graphix department get happy, y'all managed the general left to right upward thrust part just fine.... ya we know it's only three colors. so put a green or red blob on BTC not BLACK>>>!!!!!! 

Another crypto story:  El Salvador is gonna make bond payments this year, just like we done told y'all, despite the FT's skepticism. 

TLDR: El Salvador is offering a bond buyback, using cash from the IMF and the CABEI, the Central American Bank for Economic Integration.    The FT claims that the volcano bonds were never issued due to BTC's crash. Moody's spouted some anti-bitcoin BS, after lowering El Salvador's credit ratings.  Some IMF'ers threw more shade on BTC.  

The REAL story:  Dear readers know - it will NEVER be in the FT, but It is absolute ($&#$(*& BS that volcano bonds were stopped by BTC price action.   The only reason El Salvador did not issue BTC bonds was the IMF, their puppet credit rating agencies, their pet senators, all the press (FT) and all their ILK (lol)   doing everything nasty they could do together to slow BTC.   Yeah, right the senators wanted to protect El Salvador from Chy-na.  Sell us the Brooklyn Bridge next. 

Normally,  El Salvador pays around 20% interest rates on bonds as a (better than many) LATAM player.  The volcano bonds had a half billion worth of interested clients ready at 6% interest, plus  points on BTC rising.   Many big crypto players would like some exposure to sovereign   debt without going through regular channels. 

Here we see Bukele saying let me have BTC 6% volcano eco bonds, or else pay off my 20% credit cards.  And the IMF is forced to say yes.  It's funny. 

Of COURSE not in the FT article, but the CABEI bank, formed to do good for people and the environment, gave El Salvador a lotta help launching BTC as a currency.  Here the CABEI are positioned as a balance against the IMF, visibly not the only game in town for Nayib. 

Extra bonus funny - the print pic above shows Nayib all dressed up in french cuffs & regalia (tho he could use an undershirt if not a tie.)  Here's the ONLINE version LOL Corporate wants to know if y'all can spot the difference.  Of course not, it's all subliminal to us, it's the same pic, the FT's mind control is just too awesome for our little people eyes. 

Truth to power, baby.  It's all good. 

Love, 

Dave