@TheBlockco | Noodles And Shitcoins
Joined March 2018
- Tweets 783
- Following 775
- Followers 304
- Likes 4,209
176 Photos and videos
Jun 9
I lived in Vietnam between 2015 and 2025. The scenario in this video just isn't applicable anymore.
Virtually every single person in VN already uses their bank apps and QR codes to instantly move money 24/7.
I've used them to pay for coffee in nice air-conditioned cafes in big cities and used them to buy fruit in rural wet markets.
And yeah, I know, don't trust banks and all that.
But your average Minh and Phuong simply aren't going to add an extra couple of steps to a payment system they already know, and that has worked for them for years.
I'm still in the 'bitcoin is a store of value' camp and don't see that changing any time soon.
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Jun 2
I was surprised to find out that Nobitex wasn't already sanctioned by the US.
OFAC also sanctioned three other trading platforms and Nobitex's current CEO and three of its co-founders today.
One thing of note from the release, the Treasury reverted back to claiming that it had only seized "nearly $500 million" in Iranian crypto after Bessent got on stage at the NREF last Friday, boasting that it was nearly $1 billion.
Read more 👇
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Jun 1
People who bought 'Yes' contracts on Polymarket for the 'Will Strategy sell bitcoin before May 31?' pool aren't happy today.
Strategy's latest SEC filing shows that it did indeed sell 32 BTC between May 26 and May 31.
But Polymarket is arguing after the fact that "confirmation achieved outside of the market's time frame does not qualify," so the pool should result to 'No.'
The page still shows that the results are under final review.
Read more👇
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CryptoBizzle retweeted
May 29
"Just outright grabbed the wallets," Bessent said Friday. "Some of them may be typing in right now and might not realize that their wallet has been grabbed."
The U.S. government holds ~328,000 bitcoin, the largest known state holder in the world. At current bitcoin:native prices, that's worth just over $24 billion.
theblock.co/post/403075/us-h…
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May 29
Texas has been taking some big steps to set up its bitcoin reserve.
Committee members joining Comptroller Hancock include the CleanSpark CFO, the CEO of Cormint, a law professor and a Texas state investment exec.
The state is also looking for a firm to help in acquiring, managing and custodying bitcoin for its reserve.
At the moment, the reserve has $10 million in IBIT, but its looking to move that over to direct BTC holdings later this year.
Read more 👇
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May 26
Strive became the seventh-largest bitcoin treasury company after a fat 1,109 BTC buy.
It was coming sooner or later.
Coinbase has added less than 2,000 BTC to its balance sheet this year, while Riot has sold off ~4,300 BTC to help fund its AI/HPC data center pivot.
There's still a massive 7,800 BTC gap to reach #6 Bullish.
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May 22
I've seen a handful of reports and headlines saying that the new ARMA bitcoin reserve bill will have the US buying 1 million bitcoin over the next five years.
I got a draft copy of the bill from Begich's offices, and it doesn't say that anywhere.
Word is the official text will drop sometime next week, so let's wait and see.
Here's what we know so far 👇
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May 19
Minnesota is next in line for a CFTC lawsuit.
A 35-page omnibus bill signed last night by Governor Tim Walz included a provision that the CFTC called "the first outright ban on prediction markets in the U.S."
The bill would also extend criminal liability to payment processors, media organizations, and sports leagues that advertise, verify, or provide data tied to prediction markets.
The CFTC is flexing its "exclusive jurisdiction" over prediction markets, telling states to keep their hands off.
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May 18
Bitwise is using fees made from its BHYP Hyperliquid ETF, to buy HYPE tokens for its balance sheet that it will then stake to make more HYPE.
Curious to see BHYP's first week inflows on Friday.
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May 12
Surprised to hear multiple judges push back on DOJ arguments and evidence during Roman Sterlingov’s Bitcoin Fog appeal hearing this morning.
Optimistic that they might at least partially vacate some of the charges.
We're also seeing updates to the Clarity Act bill that would limit Section 1960 liability to someone acting with "specific intent and knowledge" to help move criminal funds.
Read more on how the hearing went 👇
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May 6
Strategy posted a $14.5 billion unrealized Q1 loss on its bitcoin holdings, but it's now $4.4 billion back in the positive.
Nearly half of the ~$11.7 billion it raised for bitcoin buys in the quarter came from STRC sales.
CEO Phong Le called STRC a big success, saying: "STRC has shown strong demand, high liquidity, and low volatility."
Read more 👇
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Apr 29
Bitcoin has been riding high on hopes that Kevin Warsh would come in and start slashing rates.
But the Fed Chair alone doesn't set rates. Three dissenters in today's FOMC vote signaled that they did not support easing at this time.
Bitcoin dropped to $75,000 before recovering slightly.
Next meeting is June 17.
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