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@TFTC21@TFTC21

Michael Saylor: "Bitcoin is up approximately 38% a year, every year." "Bitcoin is outperforming gold. Gold is outperforming the S&P index."

@TFTC21@TFTC21

Michael Saylor: "We think we're at the beginning of a bull market." "We've got banking adoption accelerating. We've got tokenized securities and the digital asset space accelerating... all these things are very auspicious for the asset."

@TFTC21@TFTC21

For 25 years people speculated the NSA hid a backdoor in the NIST curve seeds. Turns out the P-256 seed was candidate #1842 from a random number generator started at 01:52:34 UTC on August 16, 1997. Claude figured it out in under half an hour. The scariest thing AI has done to ECDSA so far is make it look less suspicious.

@TFTC21@TFTC21

According to Galaxy Research, roughly $91 million has been stolen from Ledger hardware wallets sold by CryptoBilis, a Southeast Asian reseller, in a supply chain attack. The compromised devices contained a hardware implant that "reads the screen during setup, captures the 24-word recovery phrase and sends it out over LTE through a provisioned eSIM." Ledger's Secure Element was never breached, which is why its Genuine Check passed on tampered units. Galaxy calls the $91 million figure a "floor," noting that trackers covering additional chains put total losses between $93 million and $95 million. About $64.5 million was drained from TRON addresses, $17.6 million in BTC, and $8.8 million in ETH and stablecoins. As of October 15, roughly $56.6 million remains in attacker-controlled wallets. About $13.5 million has gone through Tornado Cash and Tether has frozen $10 million of USDT tied to the theft. "Bitcoin's math had a great quarter. Everything wrapped around it did not." - Alex Thorn

@TFTC21@TFTC21

Every sat you buy on an exchange is a sat that knows your name. @simpleminingio lets you mine bitcoin at their facility. Fresh sats, straight to your wallet. No KYC. tftc.io/simplemining/

@TFTC21@TFTC21

Investor Ben Narasin on Anthropic's growing revenue as it prepares for its highly anticipated IPO: "This is the fastest growing business in all of human history."

@TFTC21@TFTC21

The correlation between bitcoin's market cap and 10-year real Treasury rates has risen to its highest level on record, according to new analysis from Fidelity Digital Assets.

@TFTC21@TFTC21

Court records reveal what it looks like when Telegram hands user data to U.S. authorities. A letter filed in a federal case shows Telegram providing a user's phone number, user ID, and IP address, signed off with "We hope this information will be helpful in your investigation." As of January, Telegram had provided U.S. authorities with data on 2,253 users, a dramatic shift after French authorities arrested CEO Pavel Durov in August 2024. 404media.co/heres-what-tel…

@TFTC21@TFTC21

China is moving to restrict the export of its most advanced AI models. The Ministry of Commerce and Ministry of Science and Technology are proposing rules that would target models exceeding 2 trillion parameters or requiring more than 10^26 FLOPs of training compute, along with advanced AI agents, computing clusters, and training architectures. Future open-source releases from DeepSeek, Kimi, MiniMax, and GLM that exceed these thresholds would require export licensing, though Beijing says it will offer streamlined approval for open-source and academic use. Models already in the public domain are exempt.

@TFTC21@TFTC21

Trump's former Deputy Director of National Intelligence, Amaryllis Fox Kennedy, is now a registered lobbyist for Anthropic.

@TFTC21@TFTC21

High signal Bitcoin, privacy, and AI news. No filler. Sign up for The Commoner: tftc.io/commoner

@TFTC21@TFTC21

The big banks pay you nothing on your deposits, park your cash at the Fed, pocket the yield, then lobby Congress to make sure no one else can offer you a better deal. When stablecoin yield language was floated, five bank lobbies declared that "the correct policy goal" was "prohibiting the payment of yield and interest on stablecoins." The people paying you nothing want to make sure nobody else can pay you something either. Bank of America violated the Bank Secrecy Act for seven years, failing to report over $5 billion in suspicious transactions on time. The fine was $1.2 billion, a fraction of one quarter's $8.1 billion profit. Cost of doing business. The small banks that actually served the bitcoin industry got a very different kind of justice. Silvergate wound down under political pressure. Signature was shut down on a Sunday. First Republic was seized and handed to JPMorgan. Their CEOs took bars and settlements. Bank of America wrote a check and went right back to business. The OCC reviewed debanking at the nine largest banks. All nine restricted access for lawful businesses. Bitcoin and crypto companies were lumped in with coal, firearms, and tobacco. The regulator admits it can't promise it won't happen again. Nobody can debank a private key.

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Independent writing by Marty Bent at TFTC since 2017. Money, markets, AI, energy and privacy, delivered free to your inbox.

Free, every weekday. Unsubscribe anytime using the link in each newsletter. By subscribing you agree to our Terms and acknowledge our Privacy Policy. Read recent issues.