Believe it or not I actually haven’t checked the price that many times in the last 90 seconds

Cnbc tomorrow is gonna be lit

Time for the real flippening, cmon someone put me over the edge in favor of nostr

still bullish

CRE NGMI

Are business cards fiat?

Gm

Once you go A2, you don’t go back.

13 blocks found in the last 60 minutes

Grateful for everything, entitled to nothing

🫡

Shout out to me and wifey for surviving a long week with kids

Enjoy it while it lasts

It was a short but big week for US regulators, who finally reached a substantial settlement with massive crypto exchange Binance after years of escalating scrutiny and formal charges earlier this year. The exchange agreed to plead guilty to various violations of the Bank Secrecy Act and pay over $4 billion in fines, while Changpeng Zhao (“CZ”), one of the last remaining charismatic figures of the “crypto” movement of the past five years, agreed to step down from his position as CEO. Regulators also brought new charges against US exchange Kraken, alleging that the company has been market-making in unregistered securities and co-mingling user funds. While we have no position on the validity of any of the charges, guilty pleas, or new allegations leveled by regulatory bodies this week, we’re once again not surprised to see this kind of activity and view it as further validation of our thesis that the only companies with a chance of withstanding growing regulatory hurdles will be those that focus exclusively on bitcoin while minimizing leverage, single-party custody, and rehypothecation of user funds. Whether the defanging of Binance – which appeared to be a priority of US regulators earlier this year – will clear the path for the approval of spot bitcoin ETFs in the US remains to be seen. It was also a busy week for financial gatekeeping more broadly, including new evidence of transaction filtering by large mining pool F2Pool, Tether’s largest asset freeze in the stablecoin’s history, and the sudden withdrawal of Wallet of Satoshi from US app stores for unspecified reasons (but likely related to current or anticipated regulatory pressure). Meanwhile, the US economic picture continues to look precarious, as leading indicators extended their record-long streak of sequential declines and existing home sales cratered to new 13-year lows – but as the Wall Street Journal suggests, you can always consider selling your kidney if times get tight. With all that as backdrop to this year’s Thanksgiving festivities, we’re thankful this week for bitcoin, the developers and builders working tirelessly to extend it to more people (particularly as permissioned rails and walled gardens become more restrictive), and all members of the Ten31 Tribe helping us support that mission.

Ten31 Timestamp 818,419

It was a short but big week for US regulators, who finally reached a substantial settlement with massive crypto exchange Binance after years of esc...

The Chevron deference has wide reaching implications that have allowed federal government agencies to interpret their own legal authority granted to them by Congress. There is little doubt federal agencies have attempted to extend their reach and power in areas with ambiguity or technical complexity, resulting in government overreach and corruption across financial markets, pharmaceuticals, food, environmental regulations, and many others. This will be an important case heard at the Supreme Court, which could to some extent reverse the tightening grip the heavy hand of government has exerted on its citizenry. https://www.politico.com/news/2023/10/13/supreme-court-chevron-defense-case-00121535

“Too big to fail” is a symptom of a broken and insolvent system