FT crypto watch Nov 2

FT crypto watch Nov 2


Open ledger lovers, we love you!! Thanks for creating the future just by being here on the all-pervading Publish0x!!!!91761bca8793adbce3de159f7b11aafe45bb5e05229f662380f6f33621b5d9a5.pngThanks for every red click as we raise an army to overwhelm the crypto FUD of the FT!!  LAUGH at them, it's the BEST way!! 

Today - changing the crypto fabric of the FT one chitpost at at time, in 4/4, hit tit!!  Wait wait - reading music.  Happy music to help us after that last onslaught of crypto hate in the FT!!  We love Prince but we always thought Morris Day & the TIME!!! won every battle of the bands in all Prince's movies lol

Correction - we here at the Crypto Watch were fooled by the FT printing early (6PM?)  yesterday (and going for a beer!)  

The feeble Hong Kong goes crypto story we reviewed online and then in print YESTERDAY.  We stand by our laughs today.  Same for the Argo miner neggy news in print today, no one cares!! 5d5c49f0ff039e98be7608776b367f6e1f43e399b5ab2c6c7657b82c4e28e47d.png

This leaves us with no crypto in print today.  Which is REALLY VERY FUNNY.  Why?  Cuz check out this full page ad in the FT today how much did THAT cost?? 48cda69f97a50f5cb631df77afa3bd7ae6801647ca9c7ee3df1c9981e859f31e.pngTLDR: crypto ad budgets are BACK, baby !! Even if from the worlds favorite chitcoin.  Lol, sorry, is that DOGE today ar ar ar ar !!!   We're still p-ssed at the Ripple CTO for saying he didn't want to work a 50 hour week no more.  Then GTFO of the saddle, hoss!!  On the other hand, Ripple is fighting reg wars for all of us... 

Skipping that, it's hilarious.  The only pages going to crypto in the FT today is Ripple, the cheap wine of crypto!! 

Crypto that won't SAY crypto:  Dear readers know we all love and try to listen to the mighty Mo!!! 3ae772a9bdabddb478d28624ca0efc048778ee3d689dee8945f9823a205e7686.pngTLDR:  Japan has been running total yield curve control, actually CALLED YCC, for six years now.  This has, of course, caused untold distortions to the once free markets.  With rates rising, Tokyo won't be able to hold on much longer !  When they quit, all KINDS of weird pent up chit will happen. Mo says it will be a lot like the Gilt market eff-up.  Just like the pension funds did in the UK, zaitech financial monkees  levered and juiced up supposedly safe returns.   In a way that is primed to blow as the pound sterling, the gilt markets, and various pension funds just did!!!329d3d62eeda47dff8f2f2cda54eb33477dbc6c7f67c206d2e94957e4faa684d.png

With us?  Mo's xray specs says that it will be UK crisis part deux, EXCEPT for 1) UK fiddled interest rate risk,  while Japan fiddled credit risk.  2) This bombshell is not just for Japan but big time international.  3) The Bank of Japan will be unable, or at best very hard pressed, to step in for a bunch of reasons. 

Woah, that's a MOUTHFUL, Mo!!!  It always seems like credit risk eff-ups blow up WAAAYYY bigger than IR (interest rate) ones, yes baby yes!!! Wahooo!! Fiat funnies, there should be circus music!! 

OK on to online!! What do we get?  Cat food, again $#(*&#!!!!  e224e2eadfe633e95b48ab26de773eb2d6cc01fda7cf0073e9f4a27c5c953efc.pngTLDRShowing the hate for crypto any way they can, the FT uses the exact same picture they used LAST MONTH for another anti crypto spin job!!!  Way to just mail it in, that's the low effort graphics dear readers expect from US!!! ar ar ar ar !!

Check that nasty spin in the lead.  "As regulators around the world CRACK DOWN on the industry!!"  Boy, let us guess whose side y'all are on, FT!! 

The truth, of course, is that the Seychelles are wide open for crypto, always have been.  Kraken gets most of their market share, but FTX is very strong there as well, with many others, like Binance.  Let's face it, It would just be a lot more fun to have your crypto HQ within a boat ride or short air hop of Miami!!!  Local hops to Mogadishu, Dar-es-Salam or Madagascar these days just don't  have the same appeal, lol!! 

The only HINT of crypto reg in these islands off the East African coast was two years ago.  The Seychelles SEC helped  the real SEC screw with Bitmex over servicing US clients.  TBF, NOT In the FT,  Arthur Hayes, the Bitmex  CEO, went on record saying it would cost "only a coconut" to bribe the Seychelles SEC, lmfao!!   The Seychelles SEC since then stated it was a "bomb" to mess with Bitmex.  c50aa691a2aee7c820e17a7d4670d95962b2a1a35847f33e202d465503df08f2.png

If we can forgive the FT for the chitty lead (we CAN'T, that FT headline LIE regulators around the world crack down is circling the interweb as we speak) the rest of the article is a lot of fun!!  We always make fun of Justin Sun, but man, the kid never sleeps!!  Justin is  now the permanent UN rep for Grenada (dear readers will note and laugh:  Sun does NOT call himself an ambassador in the FT, lol) way to go, Team Sun!!   What a hustlemonkey!! 

Justin got on the Huboi board, and is now cleaning up Huboi's act.  Huboi just went to the Seychelles in the first place cause it was closer to China when they had to flee!! Huboi was a top three exchange for a long time, now barely top ten. 

It's very funny!! Justin hasn't talked to China for a long time, but is "very bullish" that China will crypto loosen.  Sun thinks maybe Q1 next year, lord knows he should know better than all of us!! f2251cb209ba3126e47f628f83467c1af19f2bd03008812533b493e5b01cac67.png

Funnier still, dear readers know China is big #2 in BTC hash rate, despite BTC being 100% illegal there.  Freaking hilarious, we did not know, Chainalysis sez that China is the fourth largest crypto market by turnover last month!   Ar ar ar ar ar !! 

Huboi named Sing as their HQ last year. Dear readers remember,  how ya gonna keep Justin down on the farm after he's seen San Fran!! Ya can't, the north merican hemisphere is the place to be, baby!!  Binance and Crypto.com are now from the Caymans, FTX is from the Bahamas, late from Hong Kong.   The FT pretends that HK will come back as a crypto hub.  Maybe, but we bet Sammy Fried's FTX ain't coming back to Hong Kong!! 

Judges say the nasty lead and the recycled picture earns one out of five FU's.  We want two more but the  rest of the story was aaight. 

Gotta run.  We love y'all!  Be good, if ya can't be good don't get caught!!  Best of luck, 

peace out, 

Love

Dave

Please refer a friend! ambassador link: https://www.publish0x.com?a=WZdPKv2bKg

Thanks!  

We saw Prince at a pop-up concert in NYC  one time, smallish venue, maybe the Roseland Ballroom?    The girls somehow managed to scalp tickets, we all went through a weird ritual as the scalpers defeated all the security wristbands, etc.

   It was Prince's first concert in a long while, after his infant son died.  Prince was great, but still pretty foul.   Prince  sang bury me face down like Elvis (so the world can kiss my ass!!) He sang it a lot.  For a long time.  Did a REPRISE.  

When the band hit up Raspberry Beret, Prince would not sing a word, just held the mike to the crowd.  The downtown crowd, 100% pure Prince fans, arguably did a better word for word rendition than any one person COULD have done, it was magical!! 

love

 

 

 

 

 

 

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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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