“Mr. Trump, tear down this crypto strategy”… Russia accused the U.S. of trying to wipe out the UST $35 trillion debt with crypto by pushing stablecoins backed by Treasuries, thus replacing foreign demand and creating a feedback loop monetizing America’s debt through global stablecoin adoption.
In related news… World Liberty Financial plans to deploy its USD1 stablecoin on Mantle alongside Mantle’s Tokenization-as-a-Service launch, while Zach Witkoff (son of Steve Witkoff – US Special Envoy to the Middle East) teased tokenizing Trump Tower Dubai.
Go big or go home… A 47-year-old Chinese national pleaded guilty in Britain to laundering proceeds from a $7.3 billion Bitcoin fraud defrauding 128,000 victims, in what police call the world’s largest crypto seizure.
“You say you want a man, you want to see that dollar first”??? Hard-money lender Socotra Capital is facing significant investor backlash after issuing over $180 million in loans to disgraced developer Ken Mattson, accused of running a massive Ponzi scheme. [50 bonus points if you recognize the lyric]
Frankly my dear… Charlie Javice was sentenced to seven years in prison for defrauding JPMorgan Chase into investing in her company Frank by concocting a list of 4.25 million fake users, whereas she only had about 300,000 genuine users.
“And when your bulldog barks and your canary sings you’re out there with the winners, it’s good to be king”… CVC Capital Partners acquired a 20% stake in International Schools Partnership, valuing the London-based school operator at about $8.2 billion (over 3X its $2.6 billion value four years ago). [20 bonus points if you recognize the wild lyric]
“What the hell am I doing here? I don’t belong here, oh-oh, oh-oh”… The SEC has opened a civil investigation into startup stock exchange Dream Exchange over whistleblower allegations of misused investor funds and undisclosed links to the Church of Scientology.
“Love lift us up”… Bitcoin surged to a new all-time high over $125,000 as exchange supply hit six-year lows; long-term holders eased selling, ETF inflows of $3.24 billion surged, and institutional demand reinforced the rally.
“I’m just another heart in need of rescue, waiting on love’s sweet charity”… Investors in Strategy buy perpetual preferred stock, not BTC – structured income for predictable cashflows and retail front-running. But momentum faded and new investment has dwindled as the market NAV ratio collapsed from a 3x peak to 1.26x, ending easy arbitrage. [30 bonus points if you recognize the lyric]\
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