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ECP NetHappenings
The U.S. SBR stockpile only needs
Bitcoin To Project Power
Trump can make that happen with a pen, he doesn’t need anything else.
BIDEN finally admits he regrets picking Merrick Garland and even though the FASB FAIR VALUE ACCOUNTING RULES FOR #BITCOIN WERE PASSED BEDWETTER BIDEN REFUSED TO SIGN THE BILL.
TRUMP SIGNED THE BILL. FASBY accounting rule changes.
FASB FAIR VALUE ACCOUNTING RULES FOR #BITCOIN OFFICIALLY TAKE EFFECT beginning after Dec 15, 2024. This upgrade to accounting standards will facilitate the adoption of $BTC as a treasury reserve asset by corporations worldwide. This is when crypto assets will finally “be measured AT THEIR FAIR MARKET VALUE.”
Big changes are here for crypto accounting! The new rule, SAB 122 mandates companies to follow Financial Accounting Standards Board (FASB) rules or International Accounting Standards (IAS) provisions. This shift ensures clearer, more standard financial reporting for digital assets. This streamlines the adoption of $BTC as a treasury reserve asset by corporations worldwide.
Get on the Ark. #Bitcoin
Buckminster Fuller predicted Bitcoin in 1967: “By the year 2000, there will be a realistic, scientific accounting system. Wealth is not gold of pirates. Wealth is energy.”
!!!! JUST IN: BlackRock has filed for “in-kind redemption” for their Bitcoin ETF, meaning investors can redeem their shares for actual Bitcoin instead of cash. !!!!!
Dear President Trump: Bitcoin Reserve, Not Shitcoin Reserve
The U.S. government shouldn’t stockpile anything but bitcoin.
Howard Lutnick is Trump’s new Commerce Secretary & CEO of Cantor Fitzgerald and holds hundreds of millions of dollars in #Bitcoin.
Lutnick controls $100 billion in Tether, the underlying security of BITCOIN.
Lutnick took Rumble public for Peter Thiel & JD Vance.
Lutnick speaks about eliminating income tax and fund the government solely on tariffs. Imagine a time when Americans kept all their earnings, and foreign companies paid to access U.S. markets—no income tax, just tariffs. This was once America’s reality.
“Bitcoin is a commodity, like gold and oil … I should be able to mine bitcoin and sell bitcoin to anyone. If everyone started talking about bitcoin being a commodity, they would actually be talking about the freedom of bitcoin.”
The best takedown of Ripple/XRP on this website. It’s not a cryptocurrency and has no use case
The US needs a Strategic Bitcoin Reserve, NOT a Strategic Crypto Reserve.
Ripple, Ethereum, and Solana have no place on the US government’s balance sheet.
Ripple is literally the only blockchain whose initial blockchain history is deleted. The first 32,569 blocks are gone and unauditable. It’s the ultimate shitcoin. Try validating the first few weeks of blocks. Oh wait you can’t because THEY LOST THEM. Yes that’s right. They lost and couldn’t recover the beginning of the ledger.
WHAT YOU NEED TO UNDERSTAND
ABOUT $HITCOIN$
RPPLE XRP
may be the biggest scam of all time.
How much of XRP was premined?
ANON
All 100 billion XRP (the total supply) were premined by Ripple Labs at its inception in 2012. This means the entire supply was created all at once, unlike bitcoin and other proof-of-work cryptocurrencies, where new coins are gradually mined over time.
Ripple funded attacks on Bitcoin directly and supported Kamala, who wanted to destroy our industry. They lost at the ballot box, and should be shunned with prejudice. They have been the biggest scam in the space for over a decade. XRP is, in fact, a shitcoin no better than fartcoin.
XRP edges closer to its historic peak in 2025 , but over 23% of its supply is concentrated on just 11 centralized exchanges. The tension between accessibility and control raises crucial questions.
– 11 exchanges hold 23.09% of XRP’s total supply.
– Ripple manages 8 of the top 10 wallets.
– Top 100 wallets control 71.82% of circulating XRP.
Decentralization is key ️! Concentrating 23% of XRP’s supply on just 11 exchanges is a recipe for control, not freedom .
Peter McCormack: I have it from a direct source that @bgarlinghouse and XRP/Ripple are actively working to undermine the SBR.
Absolute scum.
Brad Garlinghouse @bgarlinghouse
Dec 10
This just in… we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first.
— How the mechanics of Ripple’s stablecoin (RLUSD) will work.
As explained by @JoelKatz.
https://x.com/MrManXRP/status/1866832323133706293
— @BoringSleuth
If “Dave” takes $1,000 USD and purchases $1,000 worth of RLUSD, RLUSD will essentially just ensure they have $1,000 worth of XRP in reserves to back it.
The fact that RLUSD can and will be backed by XRP is comical. They are just offering you another way to essentially buy $1,000 worth of XRP, rebranded as a stablecoin (which is backed by XRP). They can take your $1,000 straight to the bank.
This goes for any Crypto company launching their own Stablecoin backed by their own assets.
https://x.com/BoringSleuth/status/1867034435008249970
James K. Filan, a defense lawyer, claimed that Ripple, the blockchain firm that created the XRP cryptocurrency, has filed a motion to seal some of the documents related to its ongoing legal case with the United States Securities and Exchange Commission (SEC).
PAYPAL MAFIA
ETHERIUM
Wang Dongfeng controlled ten wallets that transferred ETH from Plus Token’s ponzi scam. Wang Dongfeng and Star Xu’s criminal group laundered money for Plus Token’s ponzi scam. In 2019, Wang Dongfeng robbed 466,000 ETH
https://twitter.com/baiyun91586947/status/1755108982388371793
Wang Dongfeng and Ryan Xu’s criminal group (controlling Genesis Global Holdco LLC) caused the 3AC bankruptcy.
https://twitter.com/baiyun91586947/status/1756606969862095272
@baiyun91586947 July 14th and 15th, 2022.
Wang Dongfeng and Justin Sun transferred 230,000 ETH to 0xcb9225bB407Bc585fFbB863DC924aad07C97Af2c.
This 230,000 ETH comes from OKB private placement scam and Plus Token’s ponzi scam. https://twitter.com/baiyun91586947/status/1756613081655136389/photo/1
Daniel Prince @Princey21M
https://x.com/Princey21M/status/1880932632499732551
THREAD 1- 20
So, why did $TRUMP choose to start a shitcoin and why on Solana?
https://threadreaderapp.com/thread/1880932630377763186.html
Wait, it was shitcoining frauds all along?
Always has been.
Shall we follow the ‘MoNeY’ to find out if there are any conflicts of interest and misaligned incentives?
THREAD Who is David Sacks and why was he chosen to be the CrYptO Czar for Trump’s administration? Musk and Sacks are connected through Paypal.
Sacks was COO whilst Musk was CEO. Nicely sitting atop the tree of the Paypal Mafia. So Sacks is now directly tied to dozens of companies running on the Solana BlOcKcHaIn AND the network itself!?
And is advising the President on CrYptO as his Czar?
https://x.com/BoringSleuth/status/1865526318999249021
Remember, @MIT @techreview had Alex Mashinsky give a guest lecture about Smart Contracts. This week, Alex plead guilty just three days ago to a number of charges and is facing 30 years in Prison.
Others that presented guest lectures in the same course:
Yat Sui of Animoca Brands whose company was exploited for Millions by what some believe was an inside job. Animoca Brands regularly sends money to and from a sanctioned North Korean.
Vitalik Buterin, who’s Ethereum Foundation is directly connected to the Half a Billion dollar Gatecoin exploit, as well as The Dao exploit. MIT had Alex Mashinsky (mis-spelled on the Syllabus) give a lecture about Smart Contracts & Decentralized Finance in 2022.
Yes, the same Alex Mashinsky that was charged by the SEC with 7 counts of fraud.
I wonder how much people pay in tuition to attend a class where one of Crypto’s biggest felons shills them his bags? It seems the whole class was one big shill, much like Gensler did, we he taught a false History on Ethereum. https://x.com/BoringSleuth/status/1711961012738404769
This has all the crooks teaching the class! Unbelievable! Makes sense now ! #MIT can you even allow such! Y’all should be ashamed this has caused losses of funds ! On so called smart contracts!
More like a Crypto Shill class, but yeah. Nuts. It’s happening at all the top Tech Universities. Whistleblowers are coming forward about how China is infiltrating colleges with Forex students, mentored by Chinese professors, corrupting students and stealing innovation. It’s a serious, real problem.
11/21/24 These two people were the original funders of SpaceX’s oldest Bitcoin Wallet.
https://x.com/BoringSleuth/status/1859637817757810966
These two people single-handedly lost hundreds of thousands of people their crypto at the depths of the bear market. Celsius creditors don’t forget.
@Mashinsky @KrissyMashinsky
A thread showing the evidence that Alex Mashinsky, is believed to be the Original funder of Space X’s network of Bitcoin Wallets.
In the we touch on Mashinsky’s heritage prior to coming to the US, his arrest in 2023, and close with the evidence backing our claims.
https://x.com/BoringSleuth/status/1846764257884389411
Mashinsky’s (troubling) Past:
Alexander Mashinsky was born in 1965 in the Soviet Union to a Jewish family who left for Israel when he was 5. He once spoke about how he and his father would tap into and use public phone lines in Israel.
Alex dropped out of college and joined the Israeli Army from 1984 to 1987. After his military service, he immigrated to the United States, where he spent decades in Telecommunications, coincidentally spending some of that time running companies that offered free Wifi services, including throughout the New York Subway System.
https://x.com/BoringSleuth/status/1846764260182962321
Mashinsky’s Troubling Crypto Past:
In 2017, Mashinsky began the Crypto Exchange Celsius. This took place prior to money trail to funding SpaceX’s original wallet.
By 2022, Celsius had been caught using Customer funds, and was forced to declare bankruptcy that Summer, as they could no longer give users their Money when they were requesting Deposits.
In July of 2023, was arrested & charged with committing securities, commodities, and wire fraud.
https://x.com/BoringSleuth/status/1846764262661718021
https://www.justice.gov/usao-sdny/pr/celsius-founder-and-former-chief-revenue-officer-charged-connection-multibillion
https://x.com/BoringSleuth/status/1846764272635756857
Money then began to flow from one wallet to the next until eventually creating the publicly known SpaceX Bitcoin Wallet.
Below, we provide the address’ that money flowed thru to get from Alex Mashinsky’s Public Wallet address to SpaceX’s Public Wallet address.
In each case, Alex Mashinsky’s network of wallet grew, becoming the original funder and creator of the next wallet.
8/9/24 TruthLabs @BoringSleuth
https://x.com/BoringSleuth/status/1821807208083894478
When the Crypto exchange Mt. Gox was founded, in 2010, the $YEN was trading at its highest ratio to $USD in it’s history. Shortly after, it would enter into a decline that would last more than a decade, and still counting.
In fact, 2 weeks ago, at the start of Japan raising interest rates, the JPYUSD ratio was at it’s worst levels since 1987, 37 years ago. A very fitting number might I add.
It’s very interesting as Japan has been a Top, very significant, player in the Crypto market since 2010.
Will this be the beginning of a rebound in the Yen compared to the USD?
https://x.com/BoringSleuth/status/1821796028745441578
Japans $YEN volatility last week, had more to do with Jump Trading, and Mt. Gox’s unlock, than the much talked about “Carry Trade”. XRP’s volatility is one sign, but there are others
You all do realize the XRP’s volatility last week, coinciding with Hashkey connected Market Maker Jump Trading’s massive $ETH selloff, the Mt. Gox $BTC release, were the real reason’s for Japan’s massive volatility in the $YEN, right?
At least 55% of the Bank of Japan, Japan’s central bank, must be owned by the Government of Japan.
80% of the Banks in Japan have partnered with XRP, and its been stated that 100% of the Banks will be on-line with XRP by 2025.
Hashkey, a sister company of $ETH’s original backer, Wanxiang, announced a $1.2 Billion partnership with $XRP in May of 2024, only ~4 months ago.
Market Makers, including Jump Crypto, who is directly tied into Japanese exchanges SBI, as well as the market maker B2C2, who SBI Holdings purchased in 2022, exited a large portion of their Ether last week.
Mt. Gox, originally a Japanese Exchange, began releasing Bitcoin at the same time, with more than $2.5 Billion moving already of the $10 Billion set to move by October at today’s prices.
TruthLabs @BoringSleuth
https://x.com/BoringSleuth/status/1748916700613861677
Wang Dongfeng, former CCP Secretary, I found involved as one of the Ethereum Hackers, all the way back in 2022. On November 26th, 2022, 14 months ago, I told the world that he was behind over 9 Figures in Hacks. It was just revealed that he defrauded another official of the Chinese Government of $60M. Time and time again, my research becomes timeless thru Time 🙂 What else do I need to tell people who doubt my research? Read my profile, I’ve uncovered more fraud than anyone in the entire world, including Harry, who it THEE Goat.
Did you know that Amber Group setup and originally funded both @blur_io’s Deployers and $BLUR token, as well as @arbitrum’s Deployers and the Arbitrum Multisig wallet?
https://x.com/BoringSleuth/status/1696370061236154674
I guess we know who the 2nd Co-Founder of Blur is now… Its a Group, backed by a ton of Crypto’s most notorious VC’s. Pretty great business model going on in Crypto built on top of Ethereum. Create and Mass Market Spinoff’s to dump Token Bags on YOU. Who wants to ask these VC’s about these dirty practices?
Do me a favor: Search “Amber Group $BLUR” and look at all the “BULLISH” articles showing all the $BLUR Amber Group was buying. They didn’t tell you it was from themselves did they?
How many other protocols are out there? How many will YOU all find?
Start with 0x5b990c664ae7e759763acfec76e11c289c53be77
This address both helped move Dirty $LUNA funds, as well as the funds that were stolen from the $RONIN Exploiter. A publicly known Amber Group wallet.
I made a Red arrow showing the Amber wallet that links to both Arbitrum and Blur.
Let everyone know what you find. My guess is that there are a lot more protocols they are behind, dumping on Retail, with no real innovation, just marketing, only a couple of hops away from this address.
FAX
Future Thread Inbound.
Always stay curious my Friends //
6/24/24 @BoringSleuth
Taking a peek back into Blockchains History, afforded to us by the immutable Bitcoin ledger, we find that Circle’ $USDC wallet, Tethers $USDT Developers wallet, and a @coinbase wallet used to mint Ethereum were all funded by the short lived, defunct (intentionally?) company Cointerra! What if ItBit and Tim Draper are right there on-chain too?
What if I told you that the Market Maker who minted the second most Tethers was also funded by this same Mining Hardware companies wallet?
It must make you think so many different thoughts and questions.
Is it a mere coincidence? There is so much to this trail of bits.
https://x.com/BoringSleuth/status/1805046296153313637
Trump’s a modern day Lonesome Rhodes…
“I’m an influence, a wielder of opinion, a force … people listen to Lonesome Rhodes! Because people love Lonesome Rhodes … They think like I do. Only they’re even more stupid than I am, so I gotta think for ’em.”
https://www.youtube.com/watch?v=-zzCQLyNnIg
They think it’s better because he’s doing it out in the open, which is insane. Doing something out in the open doesn’t make it excusable.
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