FT crypto watch March 27


Cryptonauts we love you!! Here for the funnies as crypto takes over fiat & AI makes the whole question irrelevant!! Ar ar ar!

Today's crypto in the pink Pravda:e166b89577816efaf43d7606fd42af53438a947c8d9659c82a9977bd89c61f09.pngTLDR:  it's funny, the FT is foul as the ammo maker is losing electricity to Tik Tok reels!! Loads of fiat war machine funnies as Euroarms ramps up. Makes just as much sense as our team leaning forward 02b9408b618134a95782ca2ec7148313b71552c753b0ac978a9c28c5b7e7e1da.png TLDR: NOT A WORD about actual crypto in the whole print.  Just loads of lovely jewelry.  Mmmm

7742c19bd343881558b5ef88325f116c48d336758ca0f6966400f6e19fa46c65.pngTLDR: a couple of articles say things like "makes you miss the constructive chaos pre 1929 when the banks did NOT bail anyone out.  "   Lex comes in with some infoporn: 88e4081c0364550aa5060e828466c092532484c24f4cb8b17e068137878a28bb.pngTLDR:  Skipping the Great Depression and the 2008 financial crisis, right now we are worst off than WW1 and the Baring crisis of 1890.  We are level with the first worldwide financial crisis of 1857!!  Wooo HOOOO!! ROOKIE NUMBERS!!!  

 

So we turn online to look for FT crypto funnies!! AND we get them !! 49913094dd59a69ac7610ec2aa6807febe1ce9f4dd16c819e0bfc4e64cf4dea9.pngTLDR:  It's funny, crypto is all illegal in China, yet China holds #2 hashrates and top five HODLR status.  And now Hong Kong is part of China!! So let's stack the hypocrisy to a HILARIOUS level- China wants fiat power absolute, but ya they want some of that sweet crypto tax base rev as well AH HA HA HA HA!! 

CZ is hiring in HK!!  Justin Son, not to be outdone, says Huboi is going from 70 to 200 in HK!!  AH HA HA HA HA that means his whole spiel about moving to the islands was a FEINT!!  Well played sir!! Justin also believes the SEC complaint "lacks merit."  Work the FT Justin!!  Hate the game not the player! 

HK is perceived more crypto friendly than Sing now!  VPN's from China are getting old, so here we are! 

Thanks FT, THREE thank yous!! Not a single negative spin in the article!!

Buckle up to that happy funny!! Next: cba0618dd452ec3143baf48d04f5974802077a1755a0f71247647ee66c567214.pngTLDR:  2-3 years ago, Binance did 20% of vol from the USA!  Since then, they have hired zillions of compliance dollars.  Now, it's funny, in a coordinated week of attacks following the White House smear on crypto, the CFTC decides to sue!! Disappointing and surprising, says CZ.  Somehow the Feds had copies of chat room details ( 600 barely buys an AK-47!! Funny, in the early eighties you could get the chinese made AK-47's  in a case with grease for 125$$!!! )  

CZ tweets 4, which the FT says means ignore fake news and attacks.  The FT then goes copypasta - Bizlato once sold crypto on Binance!! The SEC is slow rolling Binance taking over Voyager!! 

The REAL story - humorous that the CFTC moves NOW!! NOT in the FT ( of course) 4 is #4 of four!! f58de95d4cb8dda0311e71d85f14aeb7ef4710cf9155b22bbacaf37573075c6a.pngTLDR: and #2 is compliance. 

Not in the FT, CZ blasts back publicly!! Binance has MORE LICENSES than any other exchange.  Binance has the BEST AML tech in the world, and is the best of breed on compliance and transparency in cooperating with legal officials!! 

The verdict:  "4" is a dumb thing to tweet, looks gangster and 4 has a bad vibe for Chinese, it's a homonym for death, the Wyn hotel has no rooms numbered forty, the elevator skips from 39 to 50, it's funny!! But on the whole, hard to argue with CZ's position.  Two  FU's to the FT for the usual spin, hack & copypasta!!!! 

& that's it crypto lovers!! Have a great time, plenty of funny things happening in cryptoland outside of the FT!  But the mighty Watch Army must keep them honest!! Plz recruit a pal, we are 15 short of 1,000!

Peace out, 

Love

Dave

please follow on Twitter I will follow back!  @davidsawyer

Please subscribe to substack coming soon! 

 

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Dave Sawyer
Dave Sawyer

National Merit got this punk rocker to Oberlin, and Wall Street fintech gave up world tours and an NYU MBA. I am a Bitcoin true believer. Bitcoin is deeply revolutionary in a way we always prayed tech would be. Keep the baby Faith!


FT WATCH - the Financial Times on Crypto!!!
FT WATCH - the Financial Times on Crypto!!!

The WSJ turned into USA today - which leaves the FT at the top of the heap for serious financial news! Join us for a semi-serious monitoring of the FUD & hate the FT now showers on crypto. Dear readers know we love that pink newspaper but boy howdy does the FT despise crypto--- it's funny. The old guard always fights the new guard. The FT does it eruditely, with misleading comments, fun graphs, and outright lies (usually) attributed to crypto's greatest enemies!

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