Bitcoin continues its trend of rallying while markets and banks are closed. Obviously the smart money must bank at Deltec and prefer to buy when liquidity is low.

More than 90% of stablecoin transaction volumes aren’t coming from genuine users, according to a new metric co-developed by Visa trib.al/a9yyI6i

4 out of 5 dentists prefer Crest.

But did you know that 4 out of 5 Chinese crime syndicates prefer Tether? 🧵

Bitfinex's IT department responds to the hack

So, it looks like the CEO of Tether, and CTO of Bitfinex, decided to use the 'hacked' logins, to login to non-Bitfinex exchanges to see if those passwords worked.

Then tweeted about it.

Then deleted it.

That's right folks, that's how a hundred billion dollar company CEO…

Bitfinex “security”.

What do Tether's profits and the Bitfinex hack have in common?

They 'seem fake'

Yes, it is too farfetched to believe Bitfinex could ever be hacked.

Too bad, 'wrapped bitcoin' seemed like such a good idea.

Indeed, how can any tech or biotech hedge/venture fund - with their armies of PhDs and experts with decades of industry experience - compete with the combined expertise of an ex-software pirate, a tech guy, and an online gambling lawyer?

It's almost as if Tether was made for this kind of activity...

🚨⚠️🚨 WTF… did Justin just rug $WBTC? 👀

CZ got a short sentence because he sung Beethoven's 9th for the prosecutors:

theverge.com/2024/5/1/24145…

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It’s happened! First Blackrock $IBIT outflow day.

The Overness has arrived

If Tether made $4.5bn in Q1, why didn't Ifinex purchase at least $1.1bn $LEO?

Interesting that Tether's bank deposits and money market accounts declined by $1.4 billion in a quarter in which they claim to have earned $4.5 billion in profits.

SDNY investigating Cash App, Square for allegedly processing crypto transactions for known terrorists & 'thousands' of transactions involving countries subject to sanctions, including Russia, Iran, and Venezuela, NBC News is reporting.

Discuss.

⚠️🚨⚠️ Tether peg is struggling on Coinbase 👀

Dissecting the Markets | See pinned tweet it's a great decision as long as bitcoin only goes up. The thing with over leverage is it doesn't care if you're right long term, you just have to be wrong short term.

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