Cryptofans, we love you. Every day on the fabu Publish0x, y'all inspire us, fill us with admiration and wonder in awe of the human race fighting back against the abuses of fiat. We love to thrill to new developments, data points in the ever climbing path to decentralized money. In one hundred years, people will look back and laugh. Of course money and church should be separate from state! Freedom of religion and freedom from fiat, WHAT an obvious idea! Love, love LOVE IT! 
The future us will love to agree.
Not that way yet in the pages of the world's finest financial newspaper, the pink lady FT her own self. No, at very best it's all a blind eye to the redheaded stepson that is crypto, ignoring any positive developments. More often, the FT tries hard to punch down, smear, deride, or as a default, spin hard against crypto.
Let's hold our nose, gird our loins, and wade into whatever crypto the pink lady offers today, shall we?
Hey, a teaser on the front page - the future of Meta! Even the FT printed crypto as a core Meta image and value prop - surely that’ll be good yeah?
The FT had to print this pic - and we do too. Smoking jacket and sansi belt red pants, Lord Barclay is a symbol of institutional decline. 
Socks are supposed to ease the transition from shoes to pants, never have seen the tie tuck before. But then we don't owe nine figures in alimony, so he must know better.
Alimony funny - Vivek was CEO of Tibco, who "automated Wall Street." At a golf boondoggle in Cali, (girls in golf carts with single malts and cigars) we hooked, and Vivek sliced. Vivek took our ball as his, we laughed as OUR golf game is the worst.
We next saw Vivek looking sick, stunned, in shock at a meeting in NYC. He said nothing and left early. Vivek famously hodled ALL his stock, never sold JACK, an insider strength. Alimony forced him to sell half his stock. Hilariously, his wife dumped it all to give to her GURU / lover!!!) Stock then crashed & Vivek lost more than half of the half he kept. It's cheaper to keep her. No joke could be funnier, the guru worth more than the tycoon. We think we had a bad year. Don't worry, Tibco later sold for four billion & Vivek owns the Sacremento Kings now.
Lord Freddie is still fighting paying the $100mm decision, but does face jail over not paying a quarter million in (guess what?) lawyer fees!! for his ex. Judge Sir Cohen's High Court judgement agrees this is decline of western civilization stuff, saying it is "striking" that the family is "hiding" rather than finding a "solution to what should be a matter of honour to the family. " Ms. Barclay says they are waiting for her to die.
Just saying, right above Sir Fred's debacle is another tradfi moral decline story: UK auditor fines reach ~5o million pounds last year, an ATH. Led by KPMG, the #1 leading auditor of the FTSE 100. KPMG also had to pay millions to the FRC to defray investigation fees.
Same page: the UK's money printer will go BRRRTT to pay about a half billion $$ to banks for Covid charges, with another 1.6 billion pounds in claims already filed, another 1.9 billion pounds that will be claimed. Don't forget - official estimates of gummint losses to covid loan fraud are at 5 billion. Hey, what could go wrong??? To his credit, Lord Ted, who this year quit his gig as minister for efficiency, quite rightly asks why should the taxpayer pick up 100% of the tab on the bank's failings??
The GDP of the USA hit a second consecutive quarter of decline, reaching official recession status. Gummint promptly tries to change the definition of a recession. Even funnier, gummint points to OK unemployment stats. The way unemployment is measured was recently, y'all guessed it, changed.
Nowhere in the FT story, maybe this has something to do with the fact that 40% of all the dollars in the world were printed in the last year. Just saying, the US flag is supposed to be hung higher than any other flag in a row of flags. Always to the right (stage left) of any one other flag. OK we gotta quit with the negative attitude. We don't have a FLAG. Jerry Powell, burned by talking in public, talked to say he would quit talking.
Here's a crypto story! Only the online version has a pic, so here ya go.
TLDR, Jose won't win any bidding wars for talent. Mica will make the EBA regulate "significant" crypto used in banking in 2025, but has not given a definition yet and can change it at the last second even if they do. A nothing burger of an article, Jose is not that worried, but the headline gets in the boot on crypto like FT always. Jose can't afford talent in anything tech, including AI. But CRYPTO makes the neggy headline, yeah??
Oh good, the teaser about Meta, right? Nope. 
The FT KNOWS Meta will use open source blockchain (plus crypto & NFTs) to restore faith in FB / Meta's messed up dev history. Dear readers remember the FT publishing Stephane saying just that!?!? Besides this swing and a miss, another Meta anti-trust article, and a Lex bit on new Meta ventures, ALL JOIN THE FT PINK WALL OF SILENCE against crypto. Judges give an FU to be spread across all three.
That's about it girls & boys!! Oh, the FT did put yesterday's Signature bank smear in print. With a new, uglier picture, but more importantly, check this nasty headline: 
We stand by our push back from yesterday, this is an anti crypto crock. Yesterday we looked at the graph of the tiny AUM decline which included unrelated NYC losses. For the sin of banking exchanges and miners, Signature must be punished by the FT. Don't report crypto UPS, only crypto downs.
H-ll, we will go one step further. Unpack this seemingly total condemnation of Signature by FT graph porn: 
OK, Jan 2021, level set relative Signature and index price at 100 bucks per share. Signature goes up ~150% to hit what, $250 per share? KBW index goes up 25% to hit $125, ok fine.
2022, Signature goes down 50%, so it hits $125 per share. The KBW goes down 25%, to hit ~ 93 bucks per share. Which would y'all rather have, $125 or $93 bucks ??!!?? That's not going out of style, that's taking profits!!!
Here's a graph of crypto market cap for all time, followed by a graph of, oh, why not UK newspaper circulation for all time. Including online and FREE newspapers. Corporate wants Y'ALL to spot the debacle (defined as total failure, crushing, irreversible loss) 
Quick hint: one started at zero, is now over 1 trillion. Whereas the yellow line started at 4.5 million, now at .5 million. The purple line? four million now down below 400K. No signs of reversal, now THOSE are examples of a @#*%#]*\¥!!!*&(#09*)(*!!!!!!! debacle. The mighty FT, doing way better than most, never made it close to three million, but now just over 1 million. A visual hack down the midpoint looks like around 15MM down to 4.5 total reader market cap, with no recent surge back either.
Judges still say the indefatigable Dan'l McCrum is still a Wirecard hero, untouchable today. But they WILL let us give the headline editor a resounding FU. Projecting much? 
Parting is such sweet sorrow, baby.
Peace out, love
Dave
