CryptoInferno @crypto1nfern0 Twitter profile

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CryptoInferno

@crypto1nfern0

2 years

"Baffling"

nic carter

@nic__carter

2 years

This is baffling. According to NYDIG, as of Jan. 2021, 22% of US adults own some form of crypto. How is this a winning issue?

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CryptoInferno

@crypto1nfern0

2 years

"(The SEC) has identified...possible sources of fraud and manipulation in the spot bitcoin market including...Tether (USDT)...."

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CryptoInferno

@crypto1nfern0

8 months

$10.3bn USDT minted year to date. $10.3bn in ETF inflows year to date. What an absolutely incredible coincidence.

Wu Blockchain

@WuBlockchain

8 months

Digital asset investment products saw record weekly inflows totalling US$2.7bn, bringing total inflow year-to-date to US$10.3bn. Weekly trading turnover reached US$43bn for the week, smashing last week’s record US$30bn. BlackRock Bitcoin ETF’s weekly and monthly inflows have

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CryptoInferno

@crypto1nfern0

1 year

PSA: If you hold $USDT you too could be this screwed A giant discount like this would never happen if any holder of $USDT could redeem directly from Tether. This is proof that Tether either can't or won't redeem all $USDT for $1. Conclusion: Hold $USDT at your own risk

Nostra, House of Gold

@Nostre_damus

1 year

Tether on Binance US is collapsing

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CryptoInferno

@crypto1nfern0

2 years

PSA: the SEC appears to be telling you to sell all your crypto while you still can. (1/5)

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CryptoInferno

@crypto1nfern0

2 years

$SBNY just filed their 2022 10-K. Here are some of the key changes vs 2021.

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CryptoInferno

@crypto1nfern0

1 year

Is it just me or does $btc act like someone's life depends on it not falling below $30k?

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CryptoInferno

@crypto1nfern0

2 years

If Binance's maintenance was done Friday night, why are $USDC withdrawals still suspended?

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CryptoInferno

@crypto1nfern0

7 months

Since the ETF launch, >100% of the gains in the bitcoin price have taken place when US markets are closed.

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CryptoInferno

@crypto1nfern0

2 years

SEC: we have identified sources of fraud and manipulation in the spot bitcoin market CNBC: Hey look, number go up!

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CryptoInferno

@crypto1nfern0

1 year

Rather striking, no?

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CryptoInferno

@crypto1nfern0

2 years

PSA: #Tether can't defend the $USDT dollar peg on their own exchange or on Bittrex, but if you would prefer to pretend that this is not happening, avoid @tradingview and visit @coingecko instead.

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CryptoInferno

@crypto1nfern0

1 year

Possibly unbacked Tether hiding in plain sight: 5.1bn in secured loans 8.2bn reverse repo 1.5bn bitcoin 2.2bn "other" investments $16bn of their reported $86bn against $83bn in tokens. This is a possible $13bn hole based on their own unaudited disclosures.

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CryptoInferno

@crypto1nfern0

1 year

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,079,170 #MSTR (333,700,000 USD) minted at Microstrategy Treasury

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CryptoInferno

@crypto1nfern0

1 year

1. Devasini owns 40% of Tether. 2. Tether earned $2.5 billion in 1H23. 3. Tether invests up to 15% of its profits in bitcoin. 4. Devasini's share of 1H23 profits: 0.4 × 0.85 x $2.5bn = $850mm. 5. He will sell his Bitfinex shares, but only if Tether's parent can raise...$150mm.

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CryptoInferno

@crypto1nfern0

1 year

Isn't it interesting that Tether buys billions of bitcoin on the secondary market, but they won't buy 1 USDT? If you owed $1 and could cancel that debt for 92c, you would think that would be a no-brainer, and yet...

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CryptoInferno

@crypto1nfern0

11 months

Congratulations to @chainalysis

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CryptoInferno

@crypto1nfern0

1 year

Remember the part of "The Big Short" when defaults increased but CDOs rallied?

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CryptoInferno

@crypto1nfern0

7 months

$12.8bn USDT minted year to date. $12.8bn in ETF inflows. Remarkable.

CryptoInferno

@crypto1nfern0

8 months

$10.3bn USDT minted year to date. $10.3bn in ETF inflows year to date. What an absolutely incredible coincidence.

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CryptoInferno

@crypto1nfern0

1 year

Tether has reached new heights in self-contradiction. 1. They fought disclosure of their Chinese commercial paper investments ("secret sauce") 2. Defend having owned the paper as conservative and uncontroversial 3.congratulate themselves for selling it

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CryptoInferno

@crypto1nfern0

1 year

ICYMI, Kraken has made the insane decision to START listing $TUSD after the failure of Prime Trust - i.e. at a moment when the soundness of $TUSD has never looked more doubtful.

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CryptoInferno

@crypto1nfern0

2 years

Summing up: 1.The SEC has been saying the prices are fake so your charts are worthless. 2. $COIN says SEC compliance will put them out of business. 3.The SEC now says, don't cry if you lose all your money. Not sure the SEC could make this any less ambiguous or more urgent. (5/5)

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CryptoInferno

@crypto1nfern0

2 years

Isn't it interesting that since Tether began providing quarterly attestations in 2021, the growth in Tether's reported holdings of US Treasury securities has very closely tracked the growth in $USDC's market cap?

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CryptoInferno

@crypto1nfern0

2 years

If I have added this all up correctly, it appears that in the past two hours, Tether has minted 2bn USDT and sent Binance net *ZERO* of it. BTW, has anyone else notice that @whale_alert appears to be "search suggestion banned"? 🤔

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CryptoInferno

@crypto1nfern0

1 year

75% of Americans think crypto is "unsafe." The SEC is suing crypto exchanges for inadequate investor protections. Crypto bros: "OMG Gary Gensler is such an electoral liability"

Majority of Americans aren’t confident in the safety and reliability of cryptocurrency

Concern among U.S. adults about cryptocurrency is broad, but some groups are more concerned than others. Only 18% are somewhat confident in crypto.

www.pewresearch.org

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CryptoInferno

@crypto1nfern0

11 months

Remember when Binance was caught with unbacked Binance-peg BUSD on BNB chain by @datafinnovation and @Patrick_TanKT ? CZ: "BUSD is issued and redeemed by Paxos." And "BUSD is not issued by Binance." Paxos: "Binance-peg BUSD is strictly a Binance product...."

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CryptoInferno

@crypto1nfern0

4 months

Paolo: Tether provides dollar access to the unbanked. Question: But don't you need dollars to have access to Tether? Paolo: You're Blocked

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CryptoInferno

@crypto1nfern0

1 year

The regulatory clarity is so bright, you gotta wear shades.

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CryptoInferno

@crypto1nfern0

1 year

Has anyone ever heard of an "authorized but not issued" currency or commodity?

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CryptoInferno

@crypto1nfern0

7 months

Great calls in crypto.

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CryptoInferno

@crypto1nfern0

1 year

Pretty sure this is not Blackrock...

CryptoInferno

@crypto1nfern0

1 year

Rather striking, no?

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CryptoInferno

@crypto1nfern0

1 year

Binance: "Our wash trading isn't wash trading" Coinbase: "Our proprietary trading isn't proprietary trading" Has there ever been another "industry" so transparently full of shit?

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CryptoInferno

@crypto1nfern0

2 years

A little known alternative to publishing audited financial statements is to publicly celebrate "passing" your audit and announce your plans to "continue getting audits." Also acceptable: "working on" an audit for 5+ years and measuring the passage of time in "months, not years."

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CryptoInferno

@crypto1nfern0

2 years

Why buy $BTC for $30K when you can buy $MSTR and pay $54,000 per bitcoin? Few.

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CryptoInferno

@crypto1nfern0

1 year

1. $TUSD announced on June 22 that they had no exposure to Prime Trust. 2. $TUSD informed customers that due to a letter Prime Trust received on June 21, that customers could not mint or redeem TUSD. 3. $TUSD accounted for the most bitcoin volume on June 22.

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CryptoInferno

@crypto1nfern0

11 months

So much FUD in the BlackRock bitcoin ETF prospectus.

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CryptoInferno

@crypto1nfern0

2 years

"Tether can't operate on secondary markets and trade on exchanges. That's market makers job." In other words, if you are not a "verified customer" (minimum $100k) and you own $USDT - and if the marker maker doesn't "do their job" - Tether's message to you is "tough luck."

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CryptoInferno

@crypto1nfern0

1 year

The secret sauce is real.

⚯ M Cryptadamus ⚯ | @[email protected]

@Cryptadamist

1 year

🧵1/Ω #Tether 's claims of $1.5 bn profit in 2023-Q1 means they must be investment geniuses. Assume that every asset category is as they claim it was on 2023-03-31: $68.8 bn investments, $480 mm cash). If the cash equivs are 100% short dated t-bils their income would be $1.15 bn

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CryptoInferno

@crypto1nfern0

2 years

$SBNY, $SI, and Binance: a timeline. May 2021: Binance under investigation (Bloomberg)

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CryptoInferno

@crypto1nfern0

2 years

The SEC has been telling us for a long time that it believes the spot price of bitcoin is a fake price. (2/5)

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CryptoInferno

@crypto1nfern0

2 years

This illustrates how deadly Tether supply reduction is for crypto. The great deleveraging is underway and will be irreversible.

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CryptoInferno

@crypto1nfern0

1 year

Looks like Strike and Tether teamed up just as Strike was dumping Prime Trust. Very interesting timing.

Brian Jackson

@brianleejackson

1 year

@MichaelDunwort1 @_Checkmatey_ Strike actually recently moved away from Prime Trust. Which is even more of a sign. Unless you declined I guess. 😅

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CryptoInferno

@crypto1nfern0

1 year

So Mashinsky is accused of selling customer assets to prop up $CEL so he could sell it himself. Is it still FUD if law enforcement says it?

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CryptoInferno

@crypto1nfern0

2 years

🚨🚨🚨 "...there can be no assurance that our policies and procedures will prevent us from violating applicable laws and regulations...and such violations could adversely affect our reputation, business, financial condition and results of operations."

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CryptoInferno

@crypto1nfern0

2 years

According to this #Tether to USD chart on Coinmarketcap the pair did $34bn in volume in the past 24hrs. Impressive liquidity, except for the fact that about 0.6% of that volume involved any actual USD (~$200mm).

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CryptoInferno

@crypto1nfern0

1 year

When you want to prove someone does not work for you it must be convenient to have unfettered access to the private correspondence of the person who does not work for you.

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CryptoInferno

@crypto1nfern0

1 year

Tether complaining about market manipulation is an interesting development...

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CryptoInferno

@crypto1nfern0

10 months

Community notes sure sounds a lot like coinbase

Gary Gensler

@GaryGensler

10 months

There is a lot of noncompliance in the crypto space. It undermines confidence when so many people have been hurt and all they can do is stand in line in the bankruptcy court. Further, this can make it hard for the good faith actors to compete.

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CryptoInferno

@crypto1nfern0

1 year

Now that's what I call exit liquidity

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CryptoInferno

@crypto1nfern0

2 years

Bitfinex BTC longs spiked massively in the May 2022 crypto crash and since then have done...nothing. No selling, not even on this price spike. Probably not market manipulation of any kind, just organic customer demand.

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CryptoInferno

@crypto1nfern0

1 year

The "imminent approval" of a bitcoin ETF by the SEC is the surest thing in bitcoin since the "imminent adoption" of bitcoin by Amazon and Walmart.

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CryptoInferno

@crypto1nfern0

2 years

🚨🚨🚨 "We have been, and may in the future be, subject to inquiries or investigations concerning our compliance with these laws and regulations, which could result in regulatory enforcement or other legal action, including significant civil and criminal penalties."

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CryptoInferno

@crypto1nfern0

1 year

"a warning...to every single fraudster out there who thinks that they're untouchable"

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CryptoInferno

@crypto1nfern0

1 year

History does often rhyme...

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CryptoInferno

@crypto1nfern0

2 years

Could $SBNY be Tether's bank?

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CryptoInferno

@crypto1nfern0

10 months

Former head of financial crimes at Wells Fargo described Binance as having been "essentially a criminal enterprise." Top two bitcoin trading pairs are on Binance in what the SEC calls "so-called stablecoins" Binance monitor has not yet been appointed

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CryptoInferno

@crypto1nfern0

1 year

BREAKING: Crypto industry no longer so sure that crypto should be regulated as a commodity

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CryptoInferno

@crypto1nfern0

2 years

And the SEC has now issued a new investor warning that you should not be surprised if all your crypto goes to zero. (4/5)

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CryptoInferno

@crypto1nfern0

2 years

🚩🚩🚩 In relation to complying with economic and trade sanctions programs and anti-money laundering laws and regulations," $SBNY could be exposed to "fines, sanctions, and other regulatory actions, as well as governmental investigations."

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CryptoInferno

@crypto1nfern0

2 years

Now $COIN is crying in the WSJ that they can't come into SEC compliance without going out of business. (3/5)

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CryptoInferno

@crypto1nfern0

11 months

Isn't it interesting that the two highest-volume BTC pairs are BTC/FDUSD on Binance and BTC/USDT on Binance?

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CryptoInferno

@crypto1nfern0

8 months

There is currently no news about Tether and the DOJ coming together to fight romance scams. But the Tether bots are certainly excited about it...

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CryptoInferno

@crypto1nfern0

1 year

Tether used to brag about honoring "$10 billion in redemption requests within days." Now they brag about redeeming $325mm. I wonder what changed.

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CryptoInferno

@crypto1nfern0

11 months

Why did Tether switch to a new accounting firm in June 2022? Does it have something to do with the fact that starting with the June 2022 report, Tether dropped the qualifier "none to affiliated entities" from the "secured loans" line?

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CryptoInferno

@crypto1nfern0

10 months

Imagine being certain that the FBI and Secret Service presence at Tether means everything is fine.

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CryptoInferno

@crypto1nfern0

1 year

Hard not to notice that Binance chose the middle of the night on the eve of a US federal holiday to publish a false rumor about a US government official. As if to maximize the amount of time it would take for the rumor to be contradicted.

⚯ M Cryptadamus ⚯ | @[email protected]

@Cryptadamist

1 year

🚨 One of the headlines on the official #Binance site is claiming that it is confirmed that @GaryGensler of @SECGov has resigned. @SECEnfDirector . #Binance is trying to gaslight the non-English speaking world into thinking they aren't in trouble. (h/t @mindofanu , a good follow)

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CryptoInferno

@crypto1nfern0

1 year

I have never before seen a group of financial "reporters" and "editors" having a roundtable discussion about where they would buy and sell the investment they were covering. They even asked the copy editor! Also, why on earth does Cointelegraph have a "head of markets"?

Tiger

@NotChaseColeman

1 year

Translation: When the DOJ takes down #Binance , we will take advantage of price dislocations by printing $USDT fraud bucks at Tethers treasury, send $USDT to BItfinex and pump $BTC.

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CryptoInferno

@crypto1nfern0

1 year

How can there be a "lack of demand" if Coinmarketcap says BTC traded $20.2 billion in the past 24 hours? 1. Drill down into that number and you will find that less than 3% of that is transacted in actual USD.

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CryptoInferno

@crypto1nfern0

2 years

That is quite a review... $MSTR

Frank Yang

@Great_Refusal

2 years

@crypto1nfern0 This is two years old but the client did not think highly of it:

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CryptoInferno

@crypto1nfern0

9 months

🚨The UN states that @Bitrace_team found transactions totalling 17bn USDT connected to various criminal activities...in the 12 month period from 9/22 to 9/23 alone.

Novacula Occami

@OccamiCrypto

9 months

Tether’s reserves are a side show. Binance showed AML/KYC/sanctions is the real legal risk. I now see why Tether’s blog on the damning UN report was so tepid. The report is 106 pages where USDT is so often cited it’s a defined acronym in the introduction

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CryptoInferno

@crypto1nfern0

1 year

Reminder that Binance's TOS allow it to delist a token and then convert its customers' positions in the delisted token to any token it chooses ($BNB for instance)

DIRTY BUBBLE MEDIA: GOOD LUCK, GOOD BYE.

@MikeBurgersburg

1 year

🚨BINANCE CHANGED TERMS OF SERVICE: EXCHANGE CAN NOW CONVERT DELISTED CRYPTO TO A DIFFERENT TYPE OF THEIR CHOOSING, WITHOUT ANY ADVANCE NOTICE. HOPE Y’ALL ARE LOOKING FORWARD TO OWNING LOTS OF $BNB.

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CryptoInferno

@crypto1nfern0

1 year

🚨 We seem to have moved beyond "steady lads"

FinancialJuice

@financialjuice

1 year

COINBASE CEO ARMSTRONG: MORE CAPITAL IS REQUIRED IN THE CRYPTO ECONOMY.

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CryptoInferno

@crypto1nfern0

1 year

Sophisticated, financially-literate crypto investor is really, really angry about unsophisticated, financially-illiterate moron investors who are skeptical of crypto.

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CryptoInferno

@crypto1nfern0

2 years

"We have no exposure to Binance"

Whale Alert

@whale_alert

2 years

🚨 🚨 🚨 🚨 99,455,988 #USDT (99,626,057 USD) transferred from Tether Treasury to #Binance

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CryptoInferno

@crypto1nfern0

1 year

Tether is proud of the work they do to stop illicit activity.

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CryptoInferno

@crypto1nfern0

1 year

In light of @Cryptadamist 's recent observation of near-zero $USDT burns on ethereum since February, it is worth revisiting @patio11 's brilliant thread about the "data shadows" seen in the funding rates at Bitfinex (subsidiary of iFinex, the parent company of #Tether ).

Patrick McKenzie

@patio11

2 years

Two thoughts that I have broadly on discovering fraud: 1) Frauds are incapable of causing the data shadows in the world that their purported actions should cause, because complexity of those shadows is magnitudes more than complexity of lies. 2) Lies are cheap; trades less so.

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CryptoInferno

@crypto1nfern0

2 years

One can only admire the lengths to which $COIN and #Tether will go to defend "innovation."

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CryptoInferno

@crypto1nfern0

1 year

Sometimes, when a $USDT gets old and worn, you just prefer a crisp clean one. 1 USDT = 1 USDT

ChainArgos

@ChainArgos

1 year

Chart has 3 lines about Tether's mints and burns (which are theoretically redemptions) on ethereum since the collapse of Signature and Silicon Valley Banks: 🟩 Total mints so far 🟥 Total redemptions so far 🟪 Net mints/redemptions on that day TL;DR there's not much redeeming.

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CryptoInferno

@crypto1nfern0

11 months

Few understand why Kraken couldn't have just sent Bitfinex 200 BTC.

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CryptoInferno

@crypto1nfern0

6 months

Shouldn't "digital gold" spike *higher* on geopolitical risk?

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CryptoInferno

@crypto1nfern0

1 year

How did they finance this? $MSTR did not have this much remaining in their shelf IIRC.

Michael Saylor⚡️

@saylor

1 year

MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin . As of 6/27/23 @MicroStrategy hodls 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. $MSTR

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CryptoInferno

@crypto1nfern0

8 months

Tether: proud partners of law enforcement and enablers of pig butchering More amazing work by @ZekeFaux

Pig-Butchering Scams Net More Than $75 Billion, Study Finds

Pig-butchering scammers have likely stolen more than $75 billion from victims around the world, far more than previously estimated, according to a new study.

www.bloomberg.com

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CryptoInferno

@crypto1nfern0

2 years

It certainly protects privileged users who are not on "HODL mode" - they get to sell their $cel at 65c without competition from the "HODL mode" users who are blocked from selling. Does @mashinsky have HODL mode activated? Is he selling $cel on this bounce?

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CryptoInferno

@crypto1nfern0

1 year

I think this is an important point. There are a lot of theories of Tether ranging from "complete scam" to "fully backed." But the sockpuppets and "FUD fighting" are extremely hard to explain unless there is some element of Tether that is an extremely fragile con.

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CryptoInferno

@crypto1nfern0

2 years

"We have no exposure to Justin Sun"

Whale Alert

@whale_alert

2 years

🚨 🚨 🚨 🚨 🚨 99,900,099 #USDT (100,901,098 USD) transferred from Tether Treasury to Justin Sun

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CryptoInferno

@crypto1nfern0

2 years

If Binance US still has USD banking, it is hard to imagine this doesn't give Binance a workaround.

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CryptoInferno

@crypto1nfern0

2 years

"...if you buy crypto assets and the price goes to zero at some point, please don't be surprised and don't expect taxpayers to socialize your losses." -Fed Governor Waller

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CryptoInferno

@crypto1nfern0

1 year

Great quick take on $MSTR's 10-Q by @RhoRider . You won't find much if any of this in the press release. How far we are from the premise of buying $BTC as a use of excess cash flow from a solid underlying business. Is the @urbankaoboy scenario starting to play out?

Rho Rider

@RhoRider

1 year

🚨 $MSTR earnings. Few initial💎s 1) Operating loss even backing out impairment charges 2) $COIN is fronting cash for bit Bitcoin buys 3) >$2.2B in long-term debt obligations creeping up. Plan to dump shares & bitcoin to cover it. 4) They're bleeding cash, dumping shares

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CryptoInferno

@crypto1nfern0

2 years

"We have no exposure to US banking...anymore "

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CryptoInferno

@crypto1nfern0

1 year

Tether has said that they would invest "up to 15%" of their profits in bitcoin. This means Tether must have earned $1 billion this quarter. How modest of them not to disclose it.

⚯ M Cryptadamus ⚯ | @[email protected]

@Cryptadamist

1 year

#Tether must have bought roughly $160-$180 million worth of bitcoin for the value of their BTC to stay almost at exactly par ($1.676 bn vs. $1.661 bn) given that the price of BTC went down 11% from June 30th to September 30th. Kinda weird they didn't disclose this purchase...

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CryptoInferno

@crypto1nfern0

2 years

In case there is any confusion, this not a new finding by the SEC. They have been saying it for some time. It is one of the key reasons they have kept refusing to approve a bitcoin ETF.

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CryptoInferno

@crypto1nfern0

2 years

Yes, with the exception of Celsius, Blockfi, Nexo, Voyager, and Terra, "staking" has worked out really well, especially for retail investors.

Brian Armstrong

@brian_armstrong

2 years

1/ We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen.

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CryptoInferno

@crypto1nfern0

1 year

In the past month, the combined supply of $USDC and $BUSD is down 4.2bn while $USDT supply is up about 2bn. Also $MSTR is probably our of cash until their next equity offering. (1/4)

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CryptoInferno

@crypto1nfern0

8 months

BTC/FDUSD on Binance is up to 17% of btc volume in the past 24h...

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CryptoInferno

@crypto1nfern0

1 year

In the past 24 hours, the BTC/FDUSD pair on Binance was the highest volume bitcoin pair listed on coinmarketcap with $1.5bn, more than the rest of the top 10 pairs combined. That is especially impressive considering $FDUSD's market cap is only $409mm.

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CryptoInferno

@crypto1nfern0

2 years

Does anybody know why Tether's attestations are all time-stamped 11:59pm UTC, when we are told their assets are in the Bahamas? Or why Circle's attestations are all stamped 11:59pm PST (8 hours behind UTC) when their HQ and custodian are in NY?

CryptoInferno

@crypto1nfern0

2 years

Isn't it interesting that since Tether began providing quarterly attestations in 2021, the growth in Tether's reported holdings of US Treasury securities has very closely tracked the growth in $USDC's market cap?

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CryptoInferno

@crypto1nfern0

7 months

@Bitfinexed @NicheDown The idea that Tether has somehow been "vindicated" because they still exist is ridiculous. Only an audit could vindicate them and they still haven't gotten one. Harry Markopolos was not "wrong" about Bernie Madoff in 2000 just because the ponzi didn't implode until 2008.

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CryptoInferno

@crypto1nfern0

1 year

If you are long you'd better sell above 220 while you still can.

DefiLlama

DefiLlama is a DeFi TVL aggregator. It is committed to providing accurate data without ads or sponsored content, as well as transparency.

defillama.com

Parrot Capital 🦜

@ParrotCapital

1 year

🚨BINANCE ALERT🚨 $BNB is diving off a cliff. 🩸🩸🩸

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41

232

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CryptoInferno

@crypto1nfern0

6 months

CryptoInferno

@crypto1nfern0

6 months

Halving happening on a Friday night is perfect because the Tether cartel should be able to astroturf a low-liquidity wash-trading weekend rally.

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0

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CryptoInferno

@crypto1nfern0

2 years

Astonishing how effectively a bitcoin pump inspires complacency among the crypto plebs. Like "bread and circuses" in ancient Rome. Anyone know how to say "exit liquidity" in Latin?

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