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VOICE ARCHIVE

Zach Rynes

@chainlinkgod
48 posts
2025-02-23
The $1.5B $ETH Bybit hack has really exposed the intellectual void that exists in the Bitcoin maxi community Pretending there's contentious debate about doing a hard fork / rollback, posting fake news about Vitalik putting it up for a vote, acting as if it was a smart contract [image]
2025-02-23 View on X
New York Times

Even as Trump embraces crypto, attracting millions of new investors, the Bybit hack and memecoins show how crypto remains the wild West of the financial world

Hours after Coinbase said the S.E.C. was dropping a lawsuit against it, another major cryptocurrency exchange reported a potentially record-setting theft.

2024-11-10
The crypto industry spend $135 million in the 2024 U.S. election, and got 48 out of 48 backed candidates elected A true turning point for the industry, politicians and regulators can no longer blindly bully crypto companies around without consequence Don't hate the player, hate [image]
2024-11-10 View on X
Bloomberg

The 2024 US election cycle showed how crypto has turned out to be a practically perfect special interest group for an era of unlimited corporate spending

Boosted By Trump's Win Bloomberg : Crypto's $135 Million Campaign Is Undefeated in 48 Races So Far Andrew Singer / Cointelegraph : A new Trump administration may boost crypto, but ...

2024-11-09
The crypto industry spend $135 million in the 2024 U.S. election, and got 48 out of 48 backed candidates elected A true turning point for the industry, politicians and regulators can no longer blindly bully crypto companies around without consequence Don't hate the player, hate [image]
2024-11-09 View on X
Bloomberg

The 2024 US election cycle showed how crypto has turned out to be a practically perfect special interest group for an era of unlimited corporate spending

The industry made a $135 million bet on the election.  It paid off spectacularly.  —  On Nov. 5, a few dozen Bitcoiners …

2024-11-06
Today was an excellent validation of prediction markets like @Polymarket where markets provide a superior source of information compared to legacy media Question is now, after the election, will these markets still see meaningful volume/usage? Or do we wait for the next election
2024-11-06 View on X
Financial Times

Elon Musk's gamble on Donald Trump pays off, as Trump wins the race; Trump gave Musk a lengthy shout out in his victory speech, calling him “a super-genius”

“A star is born: Elon,” said Donald Trump in a lengthy shout out to his biggest donor while claiming victory in the US presidential race on Wednesday morning.

2024-06-19
The politically driven approval of the spot $ETH ETF was monumental, not because of the ETF, but because the SEC was forced to admit that $ETH is in fact a commodity, and not a security Glad to see that has been officially validated 🫡 Gensler just can't stop taking the L's
2024-06-19 View on X
Decrypt

Consensys says the US SEC is “closing its investigation into Ethereum 2.0” and “will not bring charges alleging that sales of ETH are securities transactions”

Leading Ethereum developer Consensys announced late Tuesday that the U.S. Securities and Exchange Commission is …

2023-05-17
Ledger, the company that has experienced multiple security breaches that exposed the personal information of hundreds of thousands of its customers Now wants you to export your private keys from your hardware wallet and give fragments to them, Coincover, and an unnamed third... https://twitter.com/...
2023-05-17 View on X
Cointelegraph

Crypto wallet startup Ledger faces criticism after unveiling an optional seed phrase recovery subscription service that some security experts say is insecure

Many members of the crypto community believe Ledger's latest seed phrase recovery feature is a bad idea.  —  362 Total views

2023-04-20
The systemic shift of US-based crypto firms moving off-shore due to domestic regulatory hostility has begun It's a shame it's had to come this, but ultimately not surprising one bit You can't kill crypto, but you can seed the benefits to other nations https://fortune.com/...
2023-04-20 View on X
Fortune

Coinbase says it received a license to operate in Bermuda; source: the company plans to launch an offshore derivatives exchange in Bermuda as soon as next week

Coinbase has received a license to operate in the off-shore haven of Bermuda, signaling that the company is doubling-down on plans …

2023-04-04
Glad to see @Arbitrum listening to the community's feedback on AIP-1 Splitting up the omnibus proposal into multiple smaller proposals and providing more transparency/accountability around Foundation spending is a good step in the right direction https://twitter.com/...
2023-04-04 View on X
CoinDesk

After a revolt, the Arbitrum Foundation plans to break up its controversial governance package into separate votes, including on its 750M ARB token allocation

Nothing here is intended to minimize that there was very clearly a shortfalling in communication. Danny Nelson / CoinDesk : Arbitrum's First Governance Proposal Turns Messy, With $...

My perspective on the first @arbitrum proposal AIP-1 TL;DR - Split up the omnibus proposal into multiple separate proposals - Clarify key aspects around the Administrative Budget Wallet - Reduce the minimum threshold for proposal creation https://forum.arbitrum.foundation/ ...
2023-04-04 View on X
CoinDesk

After a revolt, the Arbitrum Foundation plans to break up its controversial governance package into separate votes, including on its 750M ARB token allocation

Nothing here is intended to minimize that there was very clearly a shortfalling in communication. Danny Nelson / CoinDesk : Arbitrum's First Governance Proposal Turns Messy, With $...

2023-04-03
Glad to see @Arbitrum listening to the community's feedback on AIP-1 Splitting up the omnibus proposal into multiple smaller proposals and providing more transparency/accountability around Foundation spending is a good step in the right direction https://twitter.com/...
2023-04-03 View on X
CoinDesk

After an uproar, the Arbitrum Foundation plans to break up a controversial governance package into separate votes, including on its 750M ARB token allocation

Arbitrum will hold a standalone vote on its 750 million token allocation.  —  Join the most important conversation in crypto …

My perspective on the first @arbitrum proposal AIP-1 TL;DR - Split up the omnibus proposal into multiple separate proposals - Clarify key aspects around the Administrative Budget Wallet - Reduce the minimum threshold for proposal creation https://forum.arbitrum.foundation/ ...
2023-04-03 View on X
CoinDesk

After an uproar, the Arbitrum Foundation plans to break up a controversial governance package into separate votes, including on its 750M ARB token allocation

Arbitrum will hold a standalone vote on its 750 million token allocation.  —  Join the most important conversation in crypto …

2023-03-24
The open and coordinated hostility of US regulators against legitimate crypto token issuers and service providers will be viewed in hindsight as one of the most expensive mistakes a nation has ever made
2023-03-24 View on X
CNBC

Filing: Coinbase received an SEC notice warning the exchange of potential US securities law violations that could lead to enforcement actions; COIN drops 10%+

2023-03-23
The open and coordinated hostility of US regulators against legitimate crypto token issuers and service providers will be viewed in hindsight as one of the most expensive mistakes a nation has ever made
2023-03-23 View on X
CNBC

Coinbase says it received an SEC notice warning the exchange of potential US securities law violations that could lead to enforcement actions; COIN drops 10%+

- The SEC issued crypto exchange Coinbase a Wells notice, warning the exchange that it identified potential violations of U.S. securities law.

2023-03-12
Never thought I'd see the day where there would be real tangible concerns around USDC's reserves Uncharted waters here, especially with some of Circle's other banking partners now also raising some eyebrows https://techcrunch.com/...
2023-03-12 View on X
The Block

Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance

- After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …

2023-03-11
Never thought I'd see the day where there would be real tangible concerns around USDC's reserves Uncharted waters here, especially with some of Circle's other banking partners now also raising some eyebrows https://techcrunch.com/...
2023-03-11 View on X
The Block

Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance

- After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …

2023-02-13
Given that $BUSD can now only be redeemed, don't be surprised if you see the $BUSD peg on secondary markets trade at >$1 for periods of time, peg arbitrage can now only happen in one direction
2023-02-13 View on X
Wall Street Journal

Binance says the NYDFS ordered Paxos to stop issuing more of its BUSD stablecoin, which has 6.2M holders; Paxos will continue redemptions and cut Binance ties

Firm will continue to manage redemptions of the product  —  New York regulators directed a crypto company to stop issuing …

Paxos forced to stop issuing $BUSD by NYDFS All eyes on $USDC now https://www.wsj.com/...
2023-02-13 View on X
Wall Street Journal

Binance says the NYDFS ordered Paxos to stop issuing more of its BUSD stablecoin, which has 6.2M holders; Paxos will continue redemptions and cut Binance ties

Firm will continue to manage redemptions of the product  —  New York regulators directed a crypto company to stop issuing …

2023-01-20
A reminder that @Nexo is a fraudulent criminal organization (Nexo == Zeus Capital) In addition to being raided by Bulgarian authorities at 15 locations under suspicion of money laundering, tax crimes, sanction violations, & unlicensed banking They've now been charged by the SEC https://twitter.com/...
2023-01-20 View on X
The Block

Crypto lender Nexo agrees to pay $45M in penalties to settle SEC and US state charges for failing to register the offer and sale of its Earn Interest Product

- The SEC charged Nexo for failing to register the offer and sale of its crypto asset lending product, called the Earn Interest Product.

2022-12-28
Turns out market manipulation is in-fact illegal, even if you rebrand it as a ‘highly profitable trading strategy’ Wonder the ROI on this new strat will be https://twitter.com/...
2022-12-28 View on X
Reuters

Filings: the US charges Avraham Eisenberg with commodities fraud and manipulation for trying to steal ~$110M in October by rigging DeFi platform Mango Markets

U.S. prosecutors have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal …

2022-12-23
@BillAckman ... FTX was a fraud since day one where depositors were given Alameda's bank routing number FTX disabled liquidations for Alameda back in the summer of 2020, among other ‘features’ like unlimited credit and allowing negative balances Recent mega losses just exposed the fraud
2022-12-23 View on X
Reuters

Sam Bankman-Fried appears in NY federal court charged with wire fraud and other crimes; a judge grants a $250M bail confining him to his parents' Palo Alto home

Sam Bankman-Fried will be released on a $250 million bond package while he awaits trial on fraud charges related to the collapse …