the 2008-9 payment crisis set the precedent: government backstops insolvent GSEs
it was implicit before that
brazen corruption and self-dealing at this point
htps://www.forbes.com/sites/zacheverson/2025/07/12/trump-world-liberty-financial-crypto-sec-tokens-wlfi-usd1/World Liberty Financial disclosed in an SEC filing last week (first flagged by independent journalist Wendy Siegelman) that it sold another $52.1 million of tokens to 1,966 investors—this time distributing $50.7 million to Trump and other founders, rather than retaining all proceeds within the company as in its initial sale.
If distributed according to current ownership stakes, the July payout could have netted the Trump family around $20 million—though the filings don’t break out individual distributions, and Alan Palmiter, a professor at Wake Forest University who specializes in securities regulation, told Forbes he’s not aware of any requirement that payments be proportionate to equity stake.
World Liberty Financial declined to comment, and the Trump Organization did not respond to an inquiry.
Stellar Lumens doubled on a Sunday.
5 hour gain, 50 grand
Meh. Was expecting to check and see a big ole jump and nah, just a generically light green morningbetter than red but, yeah, nothing special
Trump and his kids are in the biz, this is more self-dealing and will amplify corruption
Cashed out about a hundred grand just on COMP coin alone, bought about 900k worth of that (its hard capped and thus scarce) at 44.15 & sold within a week over 55, still have 425k invested in it for its inevitable rise back into triple digits in the next 2 months, literally the most predictable and obvious investment gain ever.
no interest paid to depositors, no deposit insurance
for whom is this a good arrangement?
https://www.nytimes.com/2025/08/13/b...smid=url-shareThat’s because a federal law passed this summer with bipartisan support requires banks to take the money they receive for stablecoins and invest it in government bonds and other virtually risk-free assets. Those bonds generate interest, which the bank keeps. Unlike traditional bank accounts, these savings don’t earn even nominal interest for depositors.
Another big change: Stablecoins eschew the century-old practice of automatic federal deposit insurance. If they fail, there is no guarantee of a government backstop.
https://econjared.substack.com/p/cry...legit-use-caseThe GENIUS Act is morbidly innovative in the sense that it skips the first two steps of a Minsky cycle and jumps straight to the third—Ponzi finance. The bill sets the stage for an entire class of speculative assets that have precisely zero underlying cash flows to be integrated into the financial system. All for the purposes of satisfying an industry whose main contribution to most Americans has been scamming them.
ITS UP 4% SINCE THIS MORNING HAPPY UPTOBER 1ST!!!! HEIL MUSK!!
Government shutdown is on!! Musk for King!!! LETS GOOOOOOOOOOOO
BITCOIN TO OVER 125K ALL TIME HIGH OMG OMG!!!!!!!!!
Tariff otaku jawbones Mr. Market again
https://coinpedia.org/news/crypto-li...-market-crash/The crypto market faced its biggest single-day wipeout in history on Friday.
In just 24 hours, over 1.6 million traders were liquidated, with a total loss of more than $19 billion, according to data from Coinglass. The trigger was reportedly President Donald Trump’s new 100% tariff on China and fresh export restrictions that rattled global markets.
Bitcoin, which had just touched a new all-time high above $125,000 earlier this week, plunged more than 12%, slipping below $113,000 by Saturday morning. On some exchanges, it briefly crashed to around $102K before making a small recovery.
out and out corruption is thematic in Trump 2.0
https://www.reuters.com/investigatio...ne-2025-10-28/The U.S. president’s family raked in more than $800 million from sales of crypto assets in the first half of 2025 alone, a Reuters examination found, on top of potentially billions more in unrealized “on paper” gains. Much of that cash has come from foreign sources as Donald Trump's sons have touted their business on an international investor roadshow.
Truth Social prediction markets will let regular folks get in on the grift
https://www.ft.com/content/485594b3-...3-8ee987be1569
Bought by China....
Even so, the pitch apparently worked. On June 26, an obscure en y called Aqua1 Foundation, which said it was based in the United Arab Emirates, announced it was buying $100 million of cryptocurrency tokens from World Liberty. It was the single largest known purchase of the so-called WLFI tokens at the time.
The Chinese businessman who met with Eric Trump in Dubai was Guren “Bobby” Zhou, who has executive roles in multiple businesses and who is under investigation in Britain for money laundering, according to that nation’s National Crime Agency and a do ent filed in an immigration case at London's Royal Courts of Justice.
Zhou did not respond directly to requests for comment for this article. In a statement emailed to Reuters, an en y calling itself Aqua Labs Investment LLC said Zhou was its co-founder and described itself as an Abu Dhabi en y of Aqua1 Foundation. The statement said Aqua1 Foundation’s investment in World Liberty tokens “was a commercial decision consistent with its focus on advancing regulated, scalable digital-asset ecosystems.” Zhou’s relationship to Aqua1 Foundation has not been previously reported.
...
Xi dogwalked the president yesterday
UAE/Trump nexus
https://www.forbes.com/sites/danalex...aking-machine/
JPMorgan Chase & Co. the world's biggest bank by market capitalization has begun deploying a token representing deposits held at the bank, called JPM Coin.
According to a Wednesday Bloomberg report, JPMorgan's ins utional clients now have access to the JPM Coin. The bank's blockchain division co-lead, Naveen Mallela, told Bloomberg that the token represents US dollar deposits at the bank and allows users to send and receive money on the blockchain created by US crypto exchange Coinbase, called Base, a platform endorsed by the bank.
JPM Coin enables instant, 24/7 payment processing, which is significantly faster than the typical times seen in the US banking system. The news follows this week's announcement by JPMorgan and Singapore multinational banking group DBS that they are developing a blockchain-based tokenization framework to enable onchain transfers between their deposit token ecosystems.
Time to approve the Clarity Act immediately ASAP, approve the ETF, end the QT garbage that never should have happened and keep the promise to pump bitcoin and strong alts.
BUY BTC NOW
Buy Bitcoin, ethereum, Avalanche, chainlink, Cardano, uniswap etc. But skip the meme coins and definitely don't buy dog like TRUMP or MELANIA coin or Trump's dog 'World Liberty Finance' coin. That 's all going to zero in a couple years.
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