Satoshi stackers, we love ya!! Be kind to yourselves, and all of yours. Turn to the tremendous Publish0x and recognize all the fiat free familial love going on!
Let's mine the proof of work humor watching the supposed watchers of the watchdogs at the FT!!! As the mainstream financial world slowly recognizes Crypto, Laughter is our greatest ally!
In the last episode, we smirked at the FT, always elevating critics of crypto. We thought the Grayscale suing the SEC story was pretty clean, but we were WRONG!!! Thanks to our incompetence / the FT's selective reporting, we missed the biggest dog that did not bark! Man, did we miss a funny that the FT hid. Live n learn! the real story? Grayscale's CPO is not nervous - she has been KICKING ARSE!! Working OVERTIME ! 
Last month, Grayscale CPO Angela Kuo wrangled Donald Verrilli to beef up Grayscale's legal team. Who's he? Obama hired Donald to be his Solicitor General, AKA the dude who pleads for the US Government in front of the Supreme Court! Hats off to Angela!! We are not worthy!!! These are SERIOUS people!!! In the words of Funkmaster Flex, "Heaaaaavvvvvvvyyyyy HIIIIIIITTTTTEEERRSSSSZZZZ!! Pass the popcorn cryponauts!
Was THAT great news! Not worthy of publishing in the lofty FT of course. Dear readers know to the FT it's not who ya are, it's how much ya hate crypto!! Some rando Haskell jockey getting hits on Twitter by saying crypto smashes puppies? Yeah, HE'S "most prominent," pump HIM up FT!!! Angela's genius and Donald Verrilli, who was recently reporting directly to Obama as the second most important lawyer in the world??? Nah, they're nobody, not worth a mention by the FT. ... man we gotta stay on our toes!! So, on crypto in today's Weekend ish.
In the Biz Week in Review, we have a tiny recap of Singapore's MAS beating on Three Arrow Capital, nada news. Right next to a tradfi funny tho- the top lawyer at Apple, "responsible for enforcing insider trading" pleaded guilty to, three guesses? FIVE YEARS of insider trading.
What else? MANY articles about inflation ( which dear readers know are really about hard money but never saying BTC.) 
One Tradfi article by Katie jokes that Powell should wear aviator glasses, cause it looks like the US, Euroland, and Japan are all headed for a rock hard splat out "landing" from their crazy easy money. "now is the time to check for your nearest exit from the aircraft, please remember it could be behind you" LOL love it we agree on that, Ms. Long View. 0 out of 5 FU's for you sister, good job!
Oh, here's a book review - six columns long, no mention of crypto until the fifth column. Even tho the book, "Cloudmoney," by Brett Scott, has crypto in the long title about the "war for our wallets." All about the evils of the death of cash, and loss of any privacy. Which is true enough, but hey this would be time to mention the hyper evil of CBDCs, and the potential of privacy coins like Dash or Monero, etc. Nah, not in the FT. 
The "Cloudmoney" review claims Facebook's Libra coin failed because of "the limits of Big Tech's power" and "the distrust engendered by the big blue social network." Now THAT is COMPLETE horsechit. Yes, many folks consider Facebook to be the devil. But the people were about to suck up Libra through a straw with joy - the US Gummit saw Zuck swiping their control of fiat (printing) and killed the deal and everyone knows it.
The FT is all happy about the "timely" Cloudmoney saying crypto "failed to break the orbit" of tradfi. They repeat this stinker: " The revolutionary fervour of the cypherpunks has been replaced by a desire to be part of mainstream institutions, banks or Big Tech." Pretty sure that's news to Max Kaiser, Vitalek, Tone Vays, Bitcoin Jesus, etc, let alone the truckers that got BTC during Canada strikes, or Monero's FluffyPony (now Snipa) LET ALONE the holder of the keys to the twenty TRILLION dollars in Satoshi's wallet (btw, why is Elon the richest dude in the world? Satoshi's wallet even now is ~100x on Elon.) Scott and the FT are happy to totally cave on the death of cash. Even though the Queen's speech announced banks will have to continue to allow cash access, merchants will no longer take cash. Well, one FU for the book choice, a half one for that quote, and another for caving on cash. It's the fourth of July dudes, in the land of the free Massachusetts, Philly, San Fran, and New York City have already passed laws saying cash must be accepted. Oh, but that doesn't fit the FT narrative. 2.5 out of 5 FU's.
Next up, an opinion comment from Ian from CryptoUK. The usual scary headline, scary pic, scary graph cropped to show BTC seemingly at an all time low. TLDR: Ian says when will this sell-off end? (we say it already has) Why are crypto prices so correlated with tradfi? Ian says because giant institutions are in and coming on harder. Big money in crisis flees to quality blue chip cryptos, but not all the way out to fiat cause 10% returns lending crypto. The UST and Celsius cr-ps were bad, understand the risks. Protections "taken for granted" in tradfi are not in crypto. This is changing as regulators provide guardrails. Blah blah investors are on their own, some companies are threatened, follow "Take-Five" anti-scam guides. Then he lays this steaming pile: "frankly impossible to tell (if) the crypto world will all go to zero." Be prepared to lose 100%, regulate regulate regulate ah Chr-st we can't repeat this cr-p anymore, regulate regulate. 
What's the real story? Any monkey that says "crypto number go zero" gets applause from the FT. Nobody thinks crypto is FDIC insured. We smell a rat, and yeah Ian on linkedin is a 100% boring accountant tradfi rat with decades of working for fixed income & forex in big banks. His career had "crypto" in it for the first time in 2020 when he joined CryptoUK, the trade association. Yes, we thought he might be OK working for a group with that snazzy name, right? That's what the brainwashers at the FT thought you would think too!!! Take-Five is an anti-phishing website, NOTHING to do with any regulations that might help against Terra-like Ponzis.
CryptoUK believes in 100% regulation plus regulation plus KYC. Pitifully, they only have one working group, on Insurance, that ever so hot topic in cutting edge crypto. We reckon they CAN'T have a group on DeFI if KYC is a top three "value." The CryptoUK website is LOADED up with every pro CBDC paper ever written worldwide. Can't read anymore, too depressing! We really want to give Ian and the FT a full 5 of 5 FU's for this full half page of disguised agitprop in FT Money. But we got morals. TBF, unlike most FT pravda speak, Ian actually said "algorithm based" and UST (awkwardly) in the same paragraph, and even squeezed in a mention of regulatory "unintended consequences" buried in the very last paragraph. So just FU FU FU FU plus a bonus half FU!!!!
The meatiest story: EU regulatory banhammer ends the wild wild west of crypto. Euroland drops the (lost in translation) "Regulation on Markets in Crypto-assets." TLDR: Full bloc regs hit after number go down. All crypto providers must be be authorized by a nation, all coordinated thru Esma. There is a "new crypto-sheriff" in town. Tough standards, plus liable if losing investor funds, and must provide ESG stats. Stablecoins must have an EU base and reserves, checked by the EBA. NFT's are not included. Investment bank lobbyists think it is good but needs clarification re custodians. The Transfer of Funds Regulation already cracked down on AML. Crypto companies must comply with sanctions. 
The real story? Skipping that "Crypto-assets" is weirdly hyphenated and capitalized and not even true if NFT's are not included :) - Seems like fair reporting, despite a horrible bunch of quotes, right? NOPE, not at ALL. Y'all know what's ACTUALLY news? Not the big fluffy pile of quotes. The IMPORTANT news (that any fair moron would highlight) is that stablecoins are limited to 200 million euros in transactions per day. But wait, that doesn't make ANY d-mn sense!! The Gecko says Tether is doing 35 BILLION a day volume, with USD and Binance USD each doing nearly four billion in transactions per day!! Why that's 200x the limit - and it's a weekend !!?! Somehow THAT insane, crippling blow to the markets is not worth the FT deeming it news. OK, now we wonder if a real reporter might raise a question or two. For example - did the EU just ban all DeFi?? At least one out of five FU's, probably more if/when it turns out all the quotes came from known crypto haters.
Known crypto lovers, we love ya! Give it all time and faith, baby. Nexo says the good euro news is the EU gave up on trying to regulate private wallets, that's something!!!
Peace, love and at least a pretense of fair play
Dave
