Grift .... never sleeps:- (MORNINGBREW) CRYPTO Trumps reportedly looking to finance Binance Piaras Ó Mídheach/Getty Images The Trump family is reportedly negotiating a stake in the US arm of Binance, the world’s largest crypto exchange, while former CEO Changpeng “CZ” Zhao, who recently spent four months in prison for allowing terror groups to launder money on the platform, lobbies the White House for a presidential pardon, per the Wall Street Journal. How would this work? According to the WSJ, the stake would either go directly to the Trump family or be routed through World Liberty Financial, a crypto venture run by the Trumps. The president is exempt from conflict-of-interest rules that apply to other government officials, the WSJ noted. As for the pardon, it could be the first hurdle Binance will face in resuming full operations in the US (Binance US has fewer features and more regulations than Binance). Zhao, who says he has not asked for a pardon, is Binance’s largest shareholder. The EU bars companies with shareholders convicted of money laundering from applying for a crypto regulatory license, something that could change with a few strokes of Trump’s pen. Big picture: The Trump administration has created a strategic crypto reserve and is currently rewriting regulations that could benefit Binance and its peers, per Bloomberg. The SEC, meanwhile, has mostly put crypto enforcement—including a lawsuit against Binance and Zhao—on hold.—DL
Some context... When Josh made the $84k/btc call in November and that Pi day will be a local bottom, I thought it meant that bitcoin would crash to $84k! I'm sure most everyone thought the same thing! In November, bitcoin was above $100k with the new administration announcing positive news on cryptos, especially the ones being appointed to very important positions Little did I know I would be thankful for bitcoin to hit $84k being up more than $3k from start of the Pi day, lol The important message is that the bull market shall continue
It is quite the interesting post. It looks like we have a very good chance of closing at 84K, at which point, he will reveal more information. It's hard not to be impressed by this a little bit.
He took it back... don't want to reveal anything, too personal (spiritual) His latest prediction from yesterday or the day before is that mstr will be included in the S&P 500 before Sept/2025 He is risking $2.7M on mstr calls Sep/2025 expiration But if that's not interesting, he has a very big gamble that today Pi day is a major bottom and put a $880k bet on mstr calls for next Friday's expiration, he already warned others not to follow him on weeklies, last time he did it, he lost He turned $2.1M since Sept 2024 to $23M m2m value I have June mstr calls wotm, though, and mstr LEAPS from last year