Sigmoid Social

⚯ Michel de Cryptadamus ⚯<a href="https://toot.community/@LokiTheCat" class="u-url mention" rel="nofollow noopener" target="_blank">@LokiTheCat</a> 1. "mandating reserve backing" is just circle buying off congress to push tether out of the market2. there will be no AML compliance. circle is proud of the fact that they do not do AML compliance (i have actually spoken to their executives about this). north korea will be free to launder all the money it needs to build nuclear weapons with <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a>, same as it always has.3. there will be no consumer protections against the $5 billion per year (and rising rapidly) siphoned off of americans and sent to cambodia.

BGDonCoinbase looking to expand its reach to new consumers with the new "Base App". Base App combines Coinbase Wallet, trading and payment functions as well as social media, messaging and support for mini apps – all running on the company’s homegrown public blockchain. It includes two "key" functions including an identity verification system called Base Account and an express checkout system for USDC stablecoin called Base Pay.<a href="https://www.cnbc.com/2025/07/16/coinbase-steps-into-consumer-market-with-stablecoin-powered-everything-app-that-goes-beyond-trading.html" rel="nofollow noopener" translate="no" target="_blank">https://www.cnbc.com/2025/07/16/coinbase-steps-into-consumer-market-with-stablecoin-powered-everything-app-that-goes-beyond-trading.html</a> <a href="https://techhub.social/tags/CoinBase" class="mention hashtag" rel="nofollow noopener" target="_blank">#CoinBase</a> <a href="https://techhub.social/tags/Crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#Crypto</a> <a href="https://techhub.social/tags/BassApp" class="mention hashtag" rel="nofollow noopener" target="_blank">#BassApp</a> <a href="https://techhub.social/tags/CryptoWallet" class="mention hashtag" rel="nofollow noopener" target="_blank">#CryptoWallet</a> <a href="https://techhub.social/tags/SocialMedia" class="mention hashtag" rel="nofollow noopener" target="_blank">#SocialMedia</a> <a href="https://techhub.social/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a> <a href="https://techhub.social/tags/StableCoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#StableCoin</a> <a href="https://techhub.social/tags/BlockChain" class="mention hashtag" rel="nofollow noopener" target="_blank">#BlockChain</a>

⚯ Michel de Cryptadamus ⚯the trump and witkoff families' <a href="https://universeodon.com/tags/stablecoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoin</a> <a href="https://universeodon.com/tags/USD1" class="mention hashtag" rel="nofollow noopener" target="_blank">#USD1</a> has existed for like 4 weeks and it's already seeing more reported trading volume than the coinbase aligned Circle's stablecoin <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a>, which i'm sure is because of entirely legitimate financial activity and not because chinese crypto exchanges like <a href="https://universeodon.com/tags/Binance" class="mention hashtag" rel="nofollow noopener" target="_blank">#Binance</a> and <a href="https://universeodon.com/tags/OKX" class="mention hashtag" rel="nofollow noopener" target="_blank">#OKX</a> are wash trading and/or reporting fake volumes<a href="https://universeodon.com/tags/corruption" class="mention hashtag" rel="nofollow noopener" target="_blank">#corruption</a> <a href="https://universeodon.com/tags/trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#trump</a> <a href="https://universeodon.com/tags/stablecoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoins</a> <a href="https://universeodon.com/tags/geniusAct" class="mention hashtag" rel="nofollow noopener" target="_blank">#geniusAct</a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspol</a> <a href="https://universeodon.com/tags/uspolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspolitics</a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#crypto</a> <a href="https://universeodon.com/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#cryptocurrency</a> <a href="https://universeodon.com/tags/WLFI" class="mention hashtag" rel="nofollow noopener" target="_blank">#WLFI</a> <a href="https://universeodon.com/tags/worldlibertyfinancial" class="mention hashtag" rel="nofollow noopener" target="_blank">#worldlibertyfinancial</a> <a href="https://universeodon.com/tags/stevewitkoff" class="mention hashtag" rel="nofollow noopener" target="_blank">#stevewitkoff</a> <a href="https://universeodon.com/tags/CRCL" class="mention hashtag" rel="nofollow noopener" target="_blank">#CRCL</a> <a href="https://universeodon.com/tags/Circle" class="mention hashtag" rel="nofollow noopener" target="_blank">#Circle</a>

Europe Says<a href="https://www.europesays.com/2190464/" rel="nofollow noopener" translate="no" target="_blank">https://www.europesays.com/2190464/</a> Circle stock falls, snapping monster rally as Wall Street flags rising risk of stablecoin competition <a href="https://pubeurope.com/tags/business" class="mention hashtag" rel="nofollow noopener" target="_blank">#business</a> <a href="https://pubeurope.com/tags/circle" class="mention hashtag" rel="nofollow noopener" target="_blank">#circle</a> <a href="https://pubeurope.com/tags/competition" class="mention hashtag" rel="nofollow noopener" target="_blank">#competition</a> <a href="https://pubeurope.com/tags/CRCL" class="mention hashtag" rel="nofollow noopener" target="_blank">#CRCL</a> <a href="https://pubeurope.com/tags/DigitalTokens" class="mention hashtag" rel="nofollow noopener" target="_blank">#DigitalTokens</a> <a href="https://pubeurope.com/tags/Economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#Economy</a> <a href="https://pubeurope.com/tags/markets" class="mention hashtag" rel="nofollow noopener" target="_blank">#markets</a> <a href="https://pubeurope.com/tags/stablecoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoin</a> <a href="https://pubeurope.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a> <a href="https://pubeurope.com/tags/WallStreet" class="mention hashtag" rel="nofollow noopener" target="_blank">#WallStreet</a>

⚯ Michel de Cryptadamus ⚯<a href="https://universeodon.com/tags/Circle" class="mention hashtag" rel="nofollow noopener" target="_blank">#Circle</a>, the <a href="https://universeodon.com/tags/stablecoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoin</a> issuer that partners with <a href="https://universeodon.com/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#Coinbase</a> and whose product (the stablecoin <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a>) is primarily used for gambling on <a href="https://universeodon.com/tags/memecoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#memecoins</a> and laundering money, is now worth more than <a href="https://universeodon.com/tags/FedEx" class="mention hashtag" rel="nofollow noopener" target="_blank">#FedEx</a>, one of the biggest and most important logistics companies on the planet, despite the fact that FedEx has 40x the annual revenue. <a href="https://x.com/TrendSpider/status/1936574859351621870" rel="nofollow noopener" translate="no" target="_blank">https://x.com/TrendSpider/status/1936574859351621870</a><a href="https://universeodon.com/tags/stablecoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoins</a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#crypto</a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspol</a> <a href="https://universeodon.com/tags/finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#finance</a> <a href="https://universeodon.com/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#economics</a> <a href="https://universeodon.com/tags/stockmarket" class="mention hashtag" rel="nofollow noopener" target="_blank">#stockmarket</a> <a href="https://universeodon.com/tags/markets" class="mention hashtag" rel="nofollow noopener" target="_blank">#markets</a> <a href="https://universeodon.com/tags/bubble" class="mention hashtag" rel="nofollow noopener" target="_blank">#bubble</a> <a href="https://universeodon.com/tags/moneylaundering" class="mention hashtag" rel="nofollow noopener" target="_blank">#moneylaundering</a>

Europe Says<a href="https://www.europesays.com/2150332/" rel="nofollow noopener" translate="no" target="_blank">https://www.europesays.com/2150332/</a> 3 Initial Public Offerings To Watch For <a href="https://pubeurope.com/tags/bitcoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#bitcoin</a> <a href="https://pubeurope.com/tags/BitcoinTreasury" class="mention hashtag" rel="nofollow noopener" target="_blank">#BitcoinTreasury</a> <a href="https://pubeurope.com/tags/BitGo" class="mention hashtag" rel="nofollow noopener" target="_blank">#BitGo</a> <a href="https://pubeurope.com/tags/circle" class="mention hashtag" rel="nofollow noopener" target="_blank">#circle</a> <a href="https://pubeurope.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#crypto</a> <a href="https://pubeurope.com/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#cryptocurrency</a> <a href="https://pubeurope.com/tags/DigitalAssets" class="mention hashtag" rel="nofollow noopener" target="_blank">#DigitalAssets</a> <a href="https://pubeurope.com/tags/Gemini" class="mention hashtag" rel="nofollow noopener" target="_blank">#Gemini</a> <a href="https://pubeurope.com/tags/ipo" class="mention hashtag" rel="nofollow noopener" target="_blank">#ipo</a> <a href="https://pubeurope.com/tags/Kraken" class="mention hashtag" rel="nofollow noopener" target="_blank">#Kraken</a> <a href="https://pubeurope.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a>

Europe Says<a href="https://www.europesays.com/2142610/" rel="nofollow noopener" translate="no" target="_blank">https://www.europesays.com/2142610/</a> $250 Billion Stablecoin Industry Threatens Emerging Markets, IMF Official Warns <a href="https://pubeurope.com/tags/circle" class="mention hashtag" rel="nofollow noopener" target="_blank">#circle</a> <a href="https://pubeurope.com/tags/covid" class="mention hashtag" rel="nofollow noopener" target="_blank">#covid</a> <a href="https://pubeurope.com/tags/Economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#Economy</a> <a href="https://pubeurope.com/tags/IMF" class="mention hashtag" rel="nofollow noopener" target="_blank">#IMF</a> <a href="https://pubeurope.com/tags/InternationalMonetaryFund" class="mention hashtag" rel="nofollow noopener" target="_blank">#InternationalMonetaryFund</a> <a href="https://pubeurope.com/tags/stablecoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoins</a> <a href="https://pubeurope.com/tags/tariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#tariffs</a> <a href="https://pubeurope.com/tags/Tether" class="mention hashtag" rel="nofollow noopener" target="_blank">#Tether</a> <a href="https://pubeurope.com/tags/trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#trump</a> <a href="https://pubeurope.com/tags/UsdCoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#UsdCoin</a> <a href="https://pubeurope.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a> <a href="https://pubeurope.com/tags/usdt" class="mention hashtag" rel="nofollow noopener" target="_blank">#usdt</a>

Europe Says<a href="https://www.europesays.com/2138010/" rel="nofollow noopener" translate="no" target="_blank">https://www.europesays.com/2138010/</a> Circle makes Wall Street debut as first major stablecoin issuer on NYSE <a href="https://pubeurope.com/tags/business" class="mention hashtag" rel="nofollow noopener" target="_blank">#business</a> <a href="https://pubeurope.com/tags/circle" class="mention hashtag" rel="nofollow noopener" target="_blank">#circle</a> <a href="https://pubeurope.com/tags/Economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#Economy</a> <a href="https://pubeurope.com/tags/markets" class="mention hashtag" rel="nofollow noopener" target="_blank">#markets</a> <a href="https://pubeurope.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a> <a href="https://pubeurope.com/tags/WallStreet" class="mention hashtag" rel="nofollow noopener" target="_blank">#WallStreet</a>

⚯ Michel de Cryptadamus ⚯<a href="https://universeodon.com/tags/FinancialTimes" class="mention hashtag" rel="nofollow noopener" target="_blank">#FinancialTimes</a> did a deep dive on the business model of the world's second largest <a href="https://universeodon.com/tags/stablecoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoin</a>: Circle's <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a>. It's the one that's managed by an American company and is significantly less connected to Chinese organized <a href="https://universeodon.com/tags/crime" class="mention hashtag" rel="nofollow noopener" target="_blank">#crime</a> than the other <a href="https://universeodon.com/tags/stablecoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoins</a>.Circle, which has a very deep business relationship with <a href="https://universeodon.com/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#Coinbase</a>, is trying to go public this year or next. This is their second attempt - they filed to go public ca. 2021 but ended up not doing so because... no one wanted to buy shares in a company like Circle.I suffered through reading Circle's original SEC filing in 2021 and it made clear that a) Circle wasn't making any money and b) executive compensation was *absurdly* high... but that was in a low interest rate environment. according to <a href="https://universeodon.com/tags/FTAV" class="mention hashtag" rel="nofollow noopener" target="_blank">#FTAV</a> they can't even make the math work in today's high interest rate world, which surprised me. * FT: <a href="https://www.ft.com/content/269a9260-7445-4b44-9b84-82dcdfc3c92e" rel="nofollow noopener" translate="no" target="_blank">https://www.ft.com/content/269a9260-7445-4b44-9b84-82dcdfc3c92e</a> * no paywall: <a href="https://archive.ph/9gGGm" rel="nofollow noopener" translate="no" target="_blank">https://archive.ph/9gGGm</a><a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#crypto</a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspol</a> <a href="https://universeodon.com/tags/finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#finance</a> <a href="https://universeodon.com/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#economics</a> <a href="https://universeodon.com/tags/stockmarket" class="mention hashtag" rel="nofollow noopener" target="_blank">#stockmarket</a> <a href="https://universeodon.com/tags/FT" class="mention hashtag" rel="nofollow noopener" target="_blank">#FT</a> <a href="https://universeodon.com/tags/Circle" class="mention hashtag" rel="nofollow noopener" target="_blank">#Circle</a>

@reiver ⊼ (Charles) :batman:farcaster

⚯ Michel de Cryptadamus ⚯great explanation of what the Trump family is really doing with their new <a href="https://universeodon.com/tags/stablecoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoin</a> <a href="https://universeodon.com/tags/USD1" class="mention hashtag" rel="nofollow noopener" target="_blank">#USD1</a>:> "Imagine a banking system stripped of all current safeguards and requirements. Now imagine it's controlled by people who run commercial businesses profiting from your spending. That is what the GENIUS Act is paving the way for. It poses significant risks to the economy, the consumer, and national security."<a href="https://thesillyserious.substack.com/p/goodbye-usd-hello-usd1" rel="nofollow noopener" translate="no" target="_blank">https://thesillyserious.substack.com/p/goodbye-usd-hello-usd1</a><a href="https://universeodon.com/tags/stablecoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoins</a> <a href="https://universeodon.com/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#Trump</a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspol</a> <a href="https://universeodon.com/tags/banking" class="mention hashtag" rel="nofollow noopener" target="_blank">#banking</a> <a href="https://universeodon.com/tags/Banks" class="mention hashtag" rel="nofollow noopener" target="_blank">#Banks</a> <a href="https://universeodon.com/tags/uspolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspolitics</a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#crypto</a> <a href="https://universeodon.com/tags/Binance" class="mention hashtag" rel="nofollow noopener" target="_blank">#Binance</a> <a href="https://universeodon.com/tags/Tether" class="mention hashtag" rel="nofollow noopener" target="_blank">#Tether</a> <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#crypto</a> <a href="https://universeodon.com/tags/GENIUSAct" class="mention hashtag" rel="nofollow noopener" target="_blank">#GENIUSAct</a>

⚯ Michel de Cryptadamus ⚯Good article in The Prospect about the coming STABLE and GENIUS acts, which will give an implicit bail out guarantee to crypto money laundering firms - sorry, i mean "stablecoins" - like <a href="https://universeodon.com/tags/Tether" class="mention hashtag" rel="nofollow noopener" target="_blank">#Tether</a> and <a href="https://universeodon.com/tags/Circle" class="mention hashtag" rel="nofollow noopener" target="_blank">#Circle</a> (<a href="https://universeodon.com/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#Coinbase</a>). One of the two would also let <a href="https://universeodon.com/tags/ElonMusk" class="mention hashtag" rel="nofollow noopener" target="_blank">#ElonMusk</a> print his own dollars.Senate <a href="https://universeodon.com/tags/Democrats" class="mention hashtag" rel="nofollow noopener" target="_blank">#Democrats</a> like <a href="https://universeodon.com/tags/KirstenGillibrand" class="mention hashtag" rel="nofollow noopener" target="_blank">#KirstenGillibrand</a>, <a href="https://universeodon.com/tags/ElissaSlotkin" class="mention hashtag" rel="nofollow noopener" target="_blank">#ElissaSlotkin</a>, and <a href="https://universeodon.com/tags/RubenGallego" class="mention hashtag" rel="nofollow noopener" target="_blank">#RubenGallego</a>, whose election campaigns were supported by incredible amounts of crypto money, will probably make sure these bills become laws (because they are corrupt).Note that stablecoins are currently incredibly profitable businesses. After all a stablecoin is basically a bank where you spend nothing on anti-money laundering & other regulations, refuse to assist customers who have been scammed, and collect 5% interest from the US government while passing absolutely none of it on to your customers.<a href="https://prospect.org/power/2025-03-10-some-democrats-endorse-bill-allowing-elon-musk-create-own-currency/" rel="nofollow noopener" translate="no" target="_blank">https://prospect.org/power/2025-03-10-some-democrats-endorse-bill-allowing-elon-musk-create-own-currency/</a><a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#crypto</a> <a href="https://universeodon.com/tags/senate" class="mention hashtag" rel="nofollow noopener" target="_blank">#senate</a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspol</a> <a href="https://universeodon.com/tags/nypol" class="mention hashtag" rel="nofollow noopener" target="_blank">#nypol</a> <a href="https://universeodon.com/tags/USDT" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDT</a> <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a> <a href="https://universeodon.com/tags/stablecoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoin</a> <a href="https://universeodon.com/tags/stablecoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoins</a> <a href="https://universeodon.com/tags/finreg" class="mention hashtag" rel="nofollow noopener" target="_blank">#finreg</a> <a href="https://universeodon.com/tags/FederalReserve" class="mention hashtag" rel="nofollow noopener" target="_blank">#FederalReserve</a> <a href="https://universeodon.com/tags/MaxineWaters" class="mention hashtag" rel="nofollow noopener" target="_blank">#MaxineWaters</a> <a href="https://universeodon.com/tags/CApol" class="mention hashtag" rel="nofollow noopener" target="_blank">#CApol</a> <a href="https://universeodon.com/tags/DNC" class="mention hashtag" rel="nofollow noopener" target="_blank">#DNC</a>

acemaxxOf the initial 200mio, some 158mio <a href="https://econtwitter.net/tags/coins" class="mention hashtag" rel="nofollow noopener" target="_blank">#coins</a> were deposited into a liquidity pool. This allowed <a href="https://econtwitter.net/tags/traders" class="mention hashtag" rel="nofollow noopener" target="_blank">#traders</a> to buy the <a href="https://econtwitter.net/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#Trump</a> tokens on the open market in exchange for <a href="https://econtwitter.net/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a>, a <a href="https://econtwitter.net/tags/stablecoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoin</a> widely used in <a href="https://econtwitter.net/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#crypto</a> markets as a substitute for the dollar, chart @FT <a href="https://www.ft.com/content/cb1def8f-53a6-478e-9b3e-33c383b29629" rel="nofollow noopener" translate="no" target="_blank">https://www.ft.com/content/cb1def8f-53a6-478e-9b3e-33c383b29629</a>

⚯ Michel de Cryptadamus ⚯america's coming <a href="https://universeodon.com/tags/stablecoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#stablecoin</a> regulations are being legislated via the STABLE and GENIUS acts.you can't even make this stuff up... <a href="https://x.com/OccamiCrypto/status/1894529763672560054" rel="nofollow noopener" translate="no" target="_blank">https://x.com/OccamiCrypto/status/1894529763672560054</a><a href="https://universeodon.com/tags/Tether" class="mention hashtag" rel="nofollow noopener" target="_blank">#Tether</a> <a href="https://universeodon.com/tags/howardLutnick" class="mention hashtag" rel="nofollow noopener" target="_blank">#howardLutnick</a> <a href="https://universeodon.com/tags/coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#coinbase</a> <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a> <a href="https://universeodon.com/tags/USDT" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDT</a> <a href="https://universeodon.com/tags/corruption" class="mention hashtag" rel="nofollow noopener" target="_blank">#corruption</a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspol</a> <a href="https://universeodon.com/tags/finreg" class="mention hashtag" rel="nofollow noopener" target="_blank">#finreg</a> <a href="https://universeodon.com/tags/finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#finance</a> <a href="https://universeodon.com/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#economics</a> <a href="https://universeodon.com/tags/MAGA" class="mention hashtag" rel="nofollow noopener" target="_blank">#MAGA</a> <a href="https://universeodon.com/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#Trump</a> <a href="https://universeodon.com/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener" target="_blank">#DonaldTrump</a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#crypto</a>

⚯ Michel de Cryptadamus ⚯Senator <a href="https://universeodon.com/tags/KirstenGillibrand" class="mention hashtag" rel="nofollow noopener" target="_blank">#KirstenGillibrand</a> (D-NY) is basically a wholly owned subsidiary of <a href="https://universeodon.com/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#Coinbase</a>, <a href="https://universeodon.com/tags/a16z" class="mention hashtag" rel="nofollow noopener" target="_blank">#a16z</a>, and the rest of the US crypto industry (as this Op-Ed in CoinDesk makes abundantly clear).Unfortunately she never got the memo about how the preferred nomenclature is now “<a href="https://universeodon.com/tags/tokenization" class="mention hashtag" rel="nofollow noopener" target="_blank">#tokenization</a>” and “RWAs” because “<a href="https://universeodon.com/tags/Web3" class="mention hashtag" rel="nofollow noopener" target="_blank">#Web3</a>” just makes people think of monkey JPGs / <a href="https://universeodon.com/tags/NFTs" class="mention hashtag" rel="nofollow noopener" target="_blank">#NFTs</a>.What’s really happening here is that Circle / Coinbase are trying to get the US Government to legislate <a href="https://universeodon.com/tags/Tether" class="mention hashtag" rel="nofollow noopener" target="_blank">#Tether</a> out of their market. While I support this goal I don’t think legitimizing Circle’s <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a> - who are, if anything, worse about compliance than Tether - is good policy. <a href="https://www.coindesk.com/opinion/2025/02/10/why-we-need-a-bipartisan-stablecoin-bill" rel="nofollow noopener" translate="no" target="_blank">https://www.coindesk.com/opinion/2025/02/10/why-we-need-a-bipartisan-stablecoin-bill</a><a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspol</a> <a href="https://universeodon.com/tags/uspolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspolitics</a> <a href="https://universeodon.com/tags/SenatorGillibrand" class="mention hashtag" rel="nofollow noopener" target="_blank">#SenatorGillibrand</a> <a href="https://universeodon.com/tags/DNC" class="mention hashtag" rel="nofollow noopener" target="_blank">#DNC</a> <a href="https://universeodon.com/tags/Democrats" class="mention hashtag" rel="nofollow noopener" target="_blank">#Democrats</a> <a href="https://universeodon.com/tags/NYpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#NYpol</a> <a href="https://universeodon.com/tags/NYC" class="mention hashtag" rel="nofollow noopener" target="_blank">#NYC</a> <a href="https://universeodon.com/tags/NewYork" class="mention hashtag" rel="nofollow noopener" target="_blank">#NewYork</a>

⚯ Michel de Cryptadamus ⚯<a href="https://norden.social/@wackJackle" class="u-url mention" rel="nofollow noopener" target="_blank">@wackJackle</a> <a href="https://masto.ai/@GhostOnTheHalfShell" class="u-url mention" rel="nofollow noopener" target="_blank">@GhostOnTheHalfShell</a> USDC is almost definitely backed by dollars. the funds are in trust at blackrock (Tether is another matter, though i tend to lean more towards "the money Tether has is dirty" than "Tether doesn't have the money")as far as how to mint <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a>, you open an account at Circle, send them $100, and they send 100 USDC to your wallet address. practically speaking due to the close relationship of Circle and <a href="https://universeodon.com/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#Coinbase</a> this all happens in the Coinbase app - you wire money to Coinbase at <a href="https://universeodon.com/tags/CrossRiverBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#CrossRiverBank</a> (that's a whole other topic but suffice it to say it's a bank that got a 100 page Congressional report devoted to the ways it facilitated truly epic amounts of covid relief fraud) and Coinbase puts 100 USDC in your trading account.

⚯ Michel de Cryptadamus ⚯Billions in MAGA voter money for <a href="https://universeodon.com/tags/TrumpCoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#TrumpCoin</a>:the stablecoin most used by americans (the <a href="https://universeodon.com/tags/coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#coinbase</a> one, <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a>) has seen its market cap shoot up ~$4 billion since the introduction of <a href="https://universeodon.com/tags/TrumpCoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#TrumpCoin</a>. while some offshore people can mint and redeem USDC it's mostly americans who do so, so that's probably a decent proxy, at least order of magnitude wise, for how much <a href="https://universeodon.com/tags/MAGA" class="mention hashtag" rel="nofollow noopener" target="_blank">#MAGA</a> voter money was sucked into crypto by <a href="https://universeodon.com/tags/TRUMP" class="mention hashtag" rel="nofollow noopener" target="_blank">#TRUMP</a> and <a href="https://universeodon.com/tags/MELANIA" class="mention hashtag" rel="nofollow noopener" target="_blank">#MELANIA</a>.chart below. dune analytics query for those who know SQL and want to dig is here: <a href="https://dune.com/queries/4629918/7711994" rel="nofollow noopener" translate="no" target="_blank">https://dune.com/queries/4629918/7711994</a><a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspol</a> <a href="https://universeodon.com/tags/uspolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspolitics</a> <a href="https://universeodon.com/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener" target="_blank">#DonaldTrump</a> <a href="https://universeodon.com/tags/grift" class="mention hashtag" rel="nofollow noopener" target="_blank">#grift</a> <a href="https://universeodon.com/tags/corruption" class="mention hashtag" rel="nofollow noopener" target="_blank">#corruption</a> <a href="https://universeodon.com/tags/fraud" class="mention hashtag" rel="nofollow noopener" target="_blank">#fraud</a> <a href="https://universeodon.com/tags/scams" class="mention hashtag" rel="nofollow noopener" target="_blank">#scams</a> <a href="https://universeodon.com/tags/memecoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#memecoin</a> <a href="https://universeodon.com/tags/memecoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#memecoins</a> <a href="https://universeodon.com/tags/MAGA" class="mention hashtag" rel="nofollow noopener" target="_blank">#MAGA</a> <a href="https://universeodon.com/tags/MAGAts" class="mention hashtag" rel="nofollow noopener" target="_blank">#MAGAts</a>

⚯ Michel de Cryptadamus ⚯<a href="https://universeodon.com/tags/Polymarket" class="mention hashtag" rel="nofollow noopener" target="_blank">#Polymarket</a> is claiming that the person making the massive <a href="https://universeodon.com/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#Trump</a> bets in their <a href="https://universeodon.com/tags/2024Election" class="mention hashtag" rel="nofollow noopener" target="_blank">#2024Election</a> markets (and thus massively moving the needle on what the biggest prediction market says about who will win the election, in turn garnering almost unlimited free press coverage) is a French national, confirming what various sleuths had guessed a few weeks ago.<a href="https://universeodon.com/tags/Election2024" class="mention hashtag" rel="nofollow noopener" target="_blank">#Election2024</a> <a href="https://universeodon.com/tags/2024Election" class="mention hashtag" rel="nofollow noopener" target="_blank">#2024Election</a> <a href="https://universeodon.com/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#Trump</a> <a href="https://universeodon.com/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener" target="_blank">#DonaldTrump</a> <a href="https://universeodon.com/tags/JDVance" class="mention hashtag" rel="nofollow noopener" target="_blank">#JDVance</a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspol</a> <a href="https://universeodon.com/tags/uspolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspolitics</a> <a href="https://universeodon.com/tags/politics" class="mention hashtag" rel="nofollow noopener" target="_blank">#politics</a> <a href="https://universeodon.com/tags/Kamala2024" class="mention hashtag" rel="nofollow noopener" target="_blank">#Kamala2024</a> <a href="https://universeodon.com/tags/KamalaHarris" class="mention hashtag" rel="nofollow noopener" target="_blank">#KamalaHarris</a> <a href="https://universeodon.com/tags/GOP" class="mention hashtag" rel="nofollow noopener" target="_blank">#GOP</a> <a href="https://universeodon.com/tags/MAGA" class="mention hashtag" rel="nofollow noopener" target="_blank">#MAGA</a> <a href="https://universeodon.com/tags/MAGAts" class="mention hashtag" rel="nofollow noopener" target="_blank">#MAGAts</a> <a href="https://universeodon.com/tags/Vote" class="mention hashtag" rel="nofollow noopener" target="_blank">#Vote</a> <a href="https://universeodon.com/tags/Republicans" class="mention hashtag" rel="nofollow noopener" target="_blank">#Republicans</a> <a href="https://universeodon.com/tags/RVAT" class="mention hashtag" rel="nofollow noopener" target="_blank">#RVAT</a> <a href="https://universeodon.com/tags/Democrats" class="mention hashtag" rel="nofollow noopener" target="_blank">#Democrats</a> <a href="https://universeodon.com/tags/HarrisWalz2024" class="mention hashtag" rel="nofollow noopener" target="_blank">#HarrisWalz2024</a> <a href="https://universeodon.com/tags/VoteBlue" class="mention hashtag" rel="nofollow noopener" target="_blank">#VoteBlue</a> <a href="https://universeodon.com/tags/HarrisForPresident" class="mention hashtag" rel="nofollow noopener" target="_blank">#HarrisForPresident</a> <a href="https://universeodon.com/tags/HarrisWalz" class="mention hashtag" rel="nofollow noopener" target="_blank">#HarrisWalz</a> <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#crypto</a> <a href="https://universeodon.com/tags/Cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#Cryptocurrency</a>

⚯ Michel de Cryptadamus ⚯👀 nothing to see here, just (probably) a single <a href="https://universeodon.com/tags/polymarket" class="mention hashtag" rel="nofollow noopener" target="_blank">#polymarket</a> bidder plunking down tens of millions of dollars from (probably) a <a href="https://universeodon.com/tags/russian" class="mention hashtag" rel="nofollow noopener" target="_blank">#russian</a> timezone and in so doing significantly moving the needle on the biggest 2024 presidential election prediction market...<a href="https://x.com/fozzydiablo/status/1846647506446246089" rel="nofollow noopener" translate="no" target="_blank">https://x.com/fozzydiablo/status/1846647506446246089</a>Remember these numbers are dutifully reported by every major <a href="https://universeodon.com/tags/media" class="mention hashtag" rel="nofollow noopener" target="_blank">#media</a> outlet in the world as if they are just as good as <a href="https://universeodon.com/tags/polls" class="mention hashtag" rel="nofollow noopener" target="_blank">#polls</a>.<a href="https://universeodon.com/tags/Election2024" class="mention hashtag" rel="nofollow noopener" target="_blank">#Election2024</a> <a href="https://universeodon.com/tags/2024Election" class="mention hashtag" rel="nofollow noopener" target="_blank">#2024Election</a> <a href="https://universeodon.com/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#Trump</a> <a href="https://universeodon.com/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener" target="_blank">#DonaldTrump</a> <a href="https://universeodon.com/tags/JDVance" class="mention hashtag" rel="nofollow noopener" target="_blank">#JDVance</a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspol</a> <a href="https://universeodon.com/tags/uspolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspolitics</a> <a href="https://universeodon.com/tags/politics" class="mention hashtag" rel="nofollow noopener" target="_blank">#politics</a> <a href="https://universeodon.com/tags/Kamala2024" class="mention hashtag" rel="nofollow noopener" target="_blank">#Kamala2024</a> <a href="https://universeodon.com/tags/KamalaHarris" class="mention hashtag" rel="nofollow noopener" target="_blank">#KamalaHarris</a> <a href="https://universeodon.com/tags/GOP" class="mention hashtag" rel="nofollow noopener" target="_blank">#GOP</a> <a href="https://universeodon.com/tags/MAGA" class="mention hashtag" rel="nofollow noopener" target="_blank">#MAGA</a> <a href="https://universeodon.com/tags/MAGAts" class="mention hashtag" rel="nofollow noopener" target="_blank">#MAGAts</a> <a href="https://universeodon.com/tags/Vote" class="mention hashtag" rel="nofollow noopener" target="_blank">#Vote</a> <a href="https://universeodon.com/tags/Republicans" class="mention hashtag" rel="nofollow noopener" target="_blank">#Republicans</a> <a href="https://universeodon.com/tags/RVAT" class="mention hashtag" rel="nofollow noopener" target="_blank">#RVAT</a> <a href="https://universeodon.com/tags/Democrats" class="mention hashtag" rel="nofollow noopener" target="_blank">#Democrats</a> <a href="https://universeodon.com/tags/HarrisWalz2024" class="mention hashtag" rel="nofollow noopener" target="_blank">#HarrisWalz2024</a> <a href="https://universeodon.com/tags/VoteBlue" class="mention hashtag" rel="nofollow noopener" target="_blank">#VoteBlue</a> <a href="https://universeodon.com/tags/HarrisForPresident" class="mention hashtag" rel="nofollow noopener" target="_blank">#HarrisForPresident</a> <a href="https://universeodon.com/tags/HarrisWalz" class="mention hashtag" rel="nofollow noopener" target="_blank">#HarrisWalz</a> <a href="https://universeodon.com/tags/PredictionMarkets" class="mention hashtag" rel="nofollow noopener" target="_blank">#PredictionMarkets</a> <a href="https://universeodon.com/tags/Russia" class="mention hashtag" rel="nofollow noopener" target="_blank">#Russia</a> <a href="https://universeodon.com/tags/Putin" class="mention hashtag" rel="nofollow noopener" target="_blank">#Putin</a> <a href="https://universeodon.com/tags/Dubai" class="mention hashtag" rel="nofollow noopener" target="_blank">#Dubai</a> <a href="https://universeodon.com/tags/polling" class="mention hashtag" rel="nofollow noopener" target="_blank">#polling</a> <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a>

Kevin Karhan :verified:<a href="https://mastodon.social/@whitequark" class="u-url mention" rel="nofollow noopener" target="_blank">@whitequark</a> people using <a href="https://infosec.space/tags/Shitcoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#Shitcoins</a>, espechally <a href="https://infosec.space/tags/Ethereum" class="mention hashtag" rel="nofollow noopener" target="_blank">#Ethereum</a>, <a href="https://infosec.space/tags/Bitcoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#Bitcoin</a>, <a href="https://infosec.space/tags/USDC" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDC</a> / <a href="https://infosec.space/tags/USDT" class="mention hashtag" rel="nofollow noopener" target="_blank">#USDT</a> and <a href="https://infosec.space/tags/BNB" class="mention hashtag" rel="nofollow noopener" target="_blank">#BNB</a> should not be trusted."<a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener" target="_blank">#Monero</a> or <a href="https://infosec.space/tags/GTFO" class="mention hashtag" rel="nofollow noopener" target="_blank">#GTFO</a>, <a href="https://infosec.space/tags/CryptoBro" class="mention hashtag" rel="nofollow noopener" target="_blank">#CryptoBro</a>!" is my motto in that regard...Also why choose <a href="https://infosec.space/tags/Proton" class="mention hashtag" rel="nofollow noopener" target="_blank">#Proton</a> when <a href="https://monocles.social/@monocles" class="u-url mention" rel="nofollow noopener" target="_blank">@monocles</a> exist?<a href="https://monicles.eu/#more" rel="nofollow noopener" translate="no" target="_blank">https://monicles.eu/#more</a>

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