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Interesting read.

Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'

  • Tether is doing "the best we can" to crack down on illicit crypto use, CEO Paolo Ardoino told CoinDesk. USDT's role in illicit finance is a "drop in the ocean" compared to the U.S. dollar's, he added.
  • The company "doesn't expect any political favors by anyone," he said of Howard Lutnick's role in Donald Trump's campaign.
  • A WSJ report Friday said Tether is under U.S. criminal investigation, which the company denied.

LUGANO, SWITZERLAND – As crypto colossus Tether comes under renewed scrutiny, CEO Paolo Ardoino told CoinDesk that the company respects international sanctions and works closely with law enforcement, but acknowledged it is ultimately at the mercy of U.S. authorities.

"If the U.S. wanted to kill us, they can press a button and kill us anywhere," Ardoino said. "We are not going to fight the U.S."

More:

Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'

But the leading stablecoin issuer is comfortable holding its T-bills at a U.S. institution because it respects international sanctions, CEO Ardoino said in an interview.
www.coindesk.com
 
An Arctic Circle Bitcoin Mine Will Heat a Building in a Fishing Village

  • Sazmining is setting up a bitcoin (BTC) mining site in northern Norway that will heat a large building in a fishing village.
  • The firm's CEO, Kent Halliburton, told CoinDesk that other local businesses might spin up similar facilities.
  • The miner doesn't foresee regulatory scrutiny, despite the country's previous restrictions on bitcoin mining.

A bitcoin (BTC) mine is coming to the Arctic Circle.

The 350-square-meter facility, conceived by retail-oriented bitcoin mining firm Sazmining, will be located in a small fishing village on the coast of Norway. Once it goes live on Dec. 1, it may well become the northernmost mining operation in the world.

The big idea? To remove the old oil boiler used by one of the town's largest buildings, replace it with an in-house bitcoin-centric data center and warm the edifice using the tremendous heat produced by the mining rigs.

More:

An Arctic Circle Bitcoin Mine Will Heat a Building in a Fishing Village

Retail-focused Sazmining is starting a modest-sized bitcoin mining operation, using hydropower, in a small Norwegian fishing town.
www.coindesk.com
 
Nothing special, just an interview I thought interesting. It's a podcast, nothing to see, can listen in one tab, play around the forum in a different tab.

Arthur Hayes (banker) - Wikipedia

en.wikipedia.org

Arthur Hayes and the Lessons of Decentralization​

Premiered 20 hours ago CoinDesk Spotlight

BitMEX co-founder Arthur Hayes, who is now chief investment officer at Maelstrom, joins CoinDesk Spotlight to discuss the journey that led him to the crypto industry from his financial services career. Plus, the lessons of decentralization and "two truths and a lie" with Hayes.
This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

28:51

Timestamps:
00:00 Cold Open
00:44 Intro
01:26 From Gold to Crypto
04:23 The Birth of BitMEX
08:25 The Perpetual Swap
16:28 Lessons From BitMEX
18:03 The Significance of Decentralization
22:39 What Pushes Arthur Hayes to Create Content
26:30 Two Truths and One Lie

Edit to add an interesting read:

加油比特币 Let's Go Bitcoin

The Wharton business school celebrates capitalism and American exceptionalism. Wide-eyed and bushy-tailed students from across the globe drink the Kool-Aid as professors extol the benefits of free-market capitalism...
cryptohayes.substack.com
 

Michael Saylor's MicroStrategy Plans to Raise $42B to Buy More Bitcoin Over Next 3 Years

The company reported its third quarter earnings results after the close of trading on Wednesday afternoon.
www.coindesk.com

Bitcoin's current market cap is $1.428T. $42B sounds like a lot, but it's just ~3% of the current market cap and equivalent to about two months of the current BTC ETF inflows:
https://www.msn.com/en-us/money/oth...bitcoin-etf-inflows-near-1b-daily/ar-AA1tfQEL
 

Bitcoin slips below $70,000 after notching 12% gain in October: CNBC Crypto World​

Nov 1, 2024 #CNBC #cnbctv

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Kevin Lehtiniitty of Borderless.xyz shares his outlook for the crypto market and the broader industry in 2025.

11.18

Chapters
00:00 - CNBC Crypto World, Nov 1, 2024
0:21 - Bitcoin slips below $70K
1:30 - Kevin Lehtiniitty of Borderless Labs
 
I am waiting for a pullback to the upper $50s before I go long. I won't short it at this level that's for sure.
 
I thought this was funny...

 

First UK pension fund allocates to bitcoin

The first UK pension fund is allocating 3% of its total assets - which are valued at around £50m (€59.5m) - following the advice of Cartwright, the pension specialist for defined benefit and hybrid schemes. The first of its kind in the UK, the allocation took place in October after ...
www.ipe.com
 

BTC Drops Under $68K as Mt.Gox Sends $2.2B Bitcoin to Two Wallets

A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C…Rveoy” and 2,000 BTC was moved to “15gNR…a8Aok” after first being sent to a Mt. Gox cold wallet.
www.coindesk.com
 
This is just for the humor (not market news):

 
Crypto markets are all green right now. Looks like crypto bros are expecting a Trump win...
 
I am buying BTC in upper $50s and not chasing here.
 
Trump's Triumph Is Also Crypto's: Gensler, Regulatory Clouds Likely to Vanish

Former U.S. President Donald Trump will once again take the White House, needing only three more electoral votes from a state leaning heavily red, defeating Vice President Kamala Harris and auguring a more permissive regulatory environment for crypto in the world's largest economy.

Crypto has not been a major issue through this election cycle, though Trump, the Republican candidate for president for a third election in a row, did a great deal of outreach to the crypto industry, by speaking at a bitcoin conference, handing out burgers at a crypto bar and otherwise making statements appealing to the industry, including promising to fire Securities and Exchange Commission Chair Gary Gensler. Harris, the Democratic candidate, has on a handful of occasions shared some general comments about supporting the industry but did not delve deeply into her views.

More:

Trump's Triumph Is Also Crypto's: Gensler, Regulatory Clouds Likely to Vanish

Buoyed by donations and votes from a digital asset industry he aggressively courted, Trump won a second term to the White House in his third bid for the U.S.'s highest office.
www.coindesk.com
 
I may have missed the best opportunity to buy MSTU and MSTX ETFs.
 
Crypto is a rollercoaster. I'm sure there will be more opportunities for trading high volatility.
 

Not sure if serious, but if they actually do this, it will be a significant policy change for Russia and possibly open doors among other nations.
 
Crystal balls powered by crypto can be downright insane, but I'm seeing a lot of calls like this one post election:
More:

‘Crypto won the election,’ Bitcoin will hit $200k in 2025 – Bitwise CIO Matt Hougan

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
www.kitco.com

Barring a global economic implosion, Crypto is going to explode next year.
 
Buy the servicing ETFs.
 

Bitcoin gains 10% in a week after Trump victory and rate cuts: CNBC Crypto World​

Nov 8, 2024 #CNBC #cnbctv

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Johann Kerbrat of Robinhood Crypto discusses crypto trading activity on the platform after the election, and his expectations for regulation under a Trump administration.

11:20

Chapters
00:00 - CNBC Crypto World, Nov 8, 2024
0:25 - Bitcoin flat
1:18 - The headlines
2:59 - Johann Kerbrat of Robinhood Crypto
 
Bitcoin seems to be consolidating a bit under the 77k line, but many alts (Ethereum, Solana, Avalanche, etc.) are still pushing higher. Once Trump is inaugurated and throws the wrecking ball at the war on crypto, serious money is going to flow into the sector. If Sen. Lummis gets her Bitcoin reserve plan passed, bitcoin could go 10x and reach a market cap on par with the global gold market as other nations follow along. I really don't see how anyone can be aware of all the news today and not be thinking about ensuring their portfolio has some bitcoin/crypto exposure - it's going to be *the* growth industry of the next decade - more so than AI.
 
Woke up, checked to see how crypto is doing. Everything is green. Everything. Shit is getting crazy.
 
What is anybody buying now? BTC is almost $80k this morning.
 
Alt coins have been outperforming BTC over the last week, but they still have some work to do to get back to all time highs. BTC is likely to keep running and I suspect that as the war on crypto falls apart (Gensler fired/retired, SEC lawsuits get dropped, operation chokepoint 2.0 ends, etc.), the industry is going to really take off. I think right now, even though everything seems expensive relative to past history, we really are at the fish in a barrel stage of a nascent industry. You are likely going to make gains with just about any solid crypto project right now.
 
I own positions with a number of coins and I keep tabs on them pretty much daily. This is my current thinking on them (FWIW - DYODD):
  • Bitcoin (BTC) - First mover advantage has reached sovereign state actor level. It's market cap is about 10% of gold's market cap. It's likely going to close that gap.
  • Ethereum (ETH) - Second mover is first mover in the Proof of Stake (POS) evolution powering smart contracts, DeFi and other developments. ETFs helped secure 400lb gorilla status, but the network has limitations that will be difficult to fix natively (which is why there are a plethora of L2 networks piggybacking on Ethereum). I suspect in time, Ethereum is going to be surpassed by a technically superior network. That's probably a few years away though and Ethereum is likely going to do well until then.
  • Solana (SOL) - First major challenger to Ethereum's POS crown. Technically superior to ETH, but it also has some issues as evidenced by a few periods of network failures. Rumors of SOL ETFs are in the works and Solana should do very well for many years.
  • Ripple (XRP) - Ripple is hard to pin down. It's been tainted/marred by years of legal battles with the SEC. Once that legal war is over, XRP could see a big boost. Ripple used to the best in class technology around, but it's been surpassed with modern developments and it's current tokenomics are not very attractive (IMO). I'm not a big fan of this one, but it could surprise.
  • Cardano (ADA) - Recently transitioned the governance structure for the network to a pure decentralized, democratic system. It has a very loyal base of developers and supporters. Has outperformed most of the alt coins over the last week though it still has a long ways to go to reclaim it's ATH.
  • Avalanche (AVAX) - Seems to have a good bit of development ongoing. It also seems to be trying to carve out market dominance in a few niche areas (RWA tokenization, gaming)
  • SUI (SUI) - A strong challenger for Solana (SOL) and Ethereum (ETH), SUI is technically superior to both of them (faster, cheaper, more efficient, scales better). SUI has been outperforming most alts and is currently trading just under it's ATH.
  • Polkadot (DOT) - I'm not sure what's happening with Polkadot these days. I like the network and occasionally hear some news about developments, but I'm wondering if they are losing steam compared to competitors.
  • Cosmos (ATOM) - Same comments as Polkadot
  • Theta/TFUEL - This one seems undervalued right now IMO. They have so much happening with technical developments, customer growth and such. These tokens are not listed on Coinbase and I think that is really limiting their upside at the moment. This is a crypto that is building real world value though.
  • MultiversX (EGLD) - The most technically superior network that I'm aware of at the moment. It's my sleeper pick to eventually end up challenging SUI, SOL and ETH for the top dog status as the foundation layer for DeFi, smart contracts, etc.
  • Peaq (PEAQ) - This one goes live (ie. public trading) in two days. Peaq has been in development for some time and already has 50+ DePIN industries utilizing their network. I think PEAQ is well positioned to be the foundation layer top dog for DePIN industries. I think DePIN industries are going to be the major force for disruptive innovation over the next decade. I'm looking forward to acquiring some Peaq when it launches.
 
I was looking at ETF miners and servicers:

BITB
BITO
CLSK
CORZ
FDIG
MSTX
MSTU
RIOT
WULF
 
pmbug said:
Bitcoin (BTC) - ... It's market cap is about 10% of gold's market cap. It's likely going to close that gap.
...
Click to expand...


Crypto Market Cap Could Balloon to $10T by 2026 Under Trump Administration: Standard Chartered

A Republican sweep is the best result for the digital assets sector and could bring regulatory and other positive changes, the report said.
www.coindesk.com
 

Where the Demand Comes From as Bitcoin Breaks Through $82K: Van Straten

As bitcoin hits new highs, it's helpful to examine the data to understand where the demand is coming from.
www.coindesk.com

Michael Saylor's MicroStrategy (MSTR), the largest corporate holder of bitcoin, has bought another 27,200 bitcoin (BTC) for almost $2 billion.
...
Click to expand...

MicroStrategy Buys Another 27,200 BTC for $2B; Bitcoin Profits Sit at $11B

The company's bitcoin yield thus far this quarter is 7.4% and over 26% year-to-date.
www.coindesk.com
 
It has gone up so much so rapidly. When it falls if it does is a good time. Right now it's closing the barn doors after the horse already left.
 
I remember blasting Taylor for using his companies money to invest in BTC. Taking real profits and putting it into the next tulip fad.
Guess I am eating crow now.
 
Bitcoin Tops $88K, Catapulting MicroStrategy to 24-Year Record Amid Supercharged Crypto Rally

Michael Saylor's company surpassed its lofty dotcom bubble highs, now holding over $24 billion worth of BTC in its treasury.

  • Bitcoin clinched another all-time high of $88,448 on Monday, surging 11% over the past 24 hours, while the broad-market CoinDesk 20 Index underperformed, with Ethereum's ETH and Solana's SOL lagging.
  • Crypto equities such as Coinbase, MicroStrategy, miners booked 20%-30% gains.
  • Crypto's price explosion is justified as the industry went from an "objectively oppressive regulatory regime to an overtly friendly one overnight," Fundstrat's head of digital assets strategy said.

The crypto rally shows no signs of slowing after a week since the U.S. elections.

Bitcoin (BTC) on Monday continued to climb to new all-time highs, blasting through the $88,000 level during U.S. trading hours, adding another 11.3% to its gains in the past 24 hours. The largest and oldest crypto's latest all-time high was $88,448, per CoinDesk Bitcoin Index (XBX) data. Its market capitalization currently stands around $1.73 trillion, surpassing silver's, according to Infinite Market Cap data. The flip happened at least once this year, fueled by continued positive sentiment around the spot exchange-traded funds (ETFs) in March.

More:

Bitcoin Tops $88K, Catapulting MicroStrategy to 24-Year Record Amid Supercharged Crypto Rally

Michael Saylor's company surpassed its lofty dotcom bubble highs, now holding over $24 billion worth of BTC in its treasury.
www.coindesk.com
 
I wonder if any reporter is asking Elizabeth Warren for her thoughts on the crypto rally on camera today. That would be fun to watch.
 
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