Crypto fans we love you!  and love for the Publish0x to talk to y'all about it!  & What a week of love for BTC and ETH hodlers!   A rollercoaster political and regulatory ride of white knuckled adventure! 

First the ETFs sneak in, months ahead of Rao Paul telling us so.  Yeehaw!  Bitcoin regulatory FUD is over!  O-VAH !!   In an unholy rush of agreement, the taxman and wall street got together and SHAZAM!  In a stinky cloud, the SEC and the CME  turned rebel BTC into a nice good boy.  One  that pays the banks 2% fees, loses some mystery 3% overhead, will always underperform real BTC.  HEY boyz n gurlz do we remember that 2% is a recurring yearly kinda fee!?!?  Worse yet, Grayscale is planning to dump real BTC ownership in for this trash?  

OK, OK, let's in with the good air!!! regulatory FUD is dead!!   the USA will tax BTC in peace forever !  we hit new ATHs.  Let's feel great for a minute...insane amounts of money are pouring into BTC.  Like maybe the last three years inflow in just a week of ETFs.  

Great, right?  but wait, NONE of those billions of dollars actually hit the scarcity of BTC.  No,  powered by the well regulated magic of the CME futures exchange.   Well played, y'all arseholes, well played.    If the SEC et al were not so blatantly against the little guy, they would have allowed a cash / spot ETF first,  not the larded up pig they did set free as "Bitcoin" etfs.   All of the danger & overhead  of derivatives, together at last with the fiction of the spot value for no good consumer reason.  say it damnit BTC ETFs are CHITCOINS!!!!!!

so, is it all over?  have the feds taken Bitcoin's head and gone gallumphing off?  Nah.  It's just round three.  

OK, the CME has in theory created a way where anyone with, say, access to a money printer can just sell puts on BTC over and over and over and over and over you get the idea.  Kinda how the federal banks crippled gold at the end, severe price depression through the futures market.   Keep that thing down boy, it's less obvious than that time we banned gold and physically collected it all. 

But bitcoin's bigger than that.  Bitcoin is a global movement.   All the real innovation of defi is gonna keep eating Wall Street's lunch.  And real defi does not care if the bulge bracket firms consider one a well qualified investor.  Defi cares about stacks of real BTC held in real wallets, not the CME's gambling book.   Some central banks are secretly cracking and buying bitcoin.  OK the feds, wall street and the city etc.  will eventually flash crash BTC and seize it from all commoners, but that will take a decade.  Let's enjoy the burst of freedom first. 

Which brings us back to the real action, political knife fight junkies that we are!  viz Leteti vs Antonio, NY vs NEXO.  It's a fun time to be Letitia - she's carrying the water for the whole team!  ETFs are approved, so someone has to do something that looks tough.  C'mon man, Gensler wants to be Treasury!!  Janet Yelling is over exposed, sooooo enter stage right can someone say well coordinated -  Dear readers will remember this faithful reporter this month quoting Antonio talking about how he watches regulations like a hawk.    Letitia's crack team  promptly deftly leaked NEXO' & Celsius' identity in their cease and desist broadsides.   Celcius said hey, not me man, and their coin dived.  Nexo stepped up swinging, told Letitia she must have the wrong address rofl!  And NEXO coin?  Well Letitia may not have the right to shut down business operating outside her state let alone her country, but she has the magic altcoin touch for NEXO hodlers!!  check out October 18th on this rocket candle Letitia lit:  

ok, it was probably Antonio dumping his reserves into play. :).but maybe Letitia it was the world looking at the nexo biz model, and finding it  good.  Better than the insane  "bit license " what EVER NY has.  We know ya gotta protect the old Wall Street guard, but go back to suing XRP chitcoins.  Some elite lawyers say the SEC is not legally allowed to regulate trading baseball cards, let alone banning BTC.