The future won’t wait for you.

@TFTC21

Paraguay's largest digital bank just collapsed, and about 60% of the country's adults banked there. The central bank seized Ueno Bank on Tuesday after its solvency ratio fell below half the legal minimum. Roughly 3 million customers were locked out overnight: app, cards and transfers all frozen. The fallout so far: • About $380M of the state pension and health fund (IPS) is tied up in Ueno bonds and deposits • 13 mutual funds froze withdrawals and trading in Ueno's bonds was halted • Ueno handled about two thirds of electronic payments at large supermarkets, and merchants warn retail could be partly paralyzed • Customers can only get back up to about $1,700 for now • The central bank chief resigned and prosecutors ordered 8 people linked to the bank arrested Angry depositors have taken to the streets of Asunción, and the opposition is pushing to impeach President Santiago Peña over his past ties to the bank's parent group. One bank failure, and most of a country can't touch its money. That's counterparty risk.

@TFTC21

The US military is finishing preparations for a possible resumption of major combat operations in Iran, Axios reports, citing US officials. The preparations reportedly include sending more assets to the Middle East. No final decision has been made, and Trump's closest aides reportedly don't know what he will do.

@TFTC21

Voters sided against data centers in 40 of 41 local midterm ballot measures, according to a preliminary CNBC analysis of Ballotpedia data. Counts vary by tracker and results aren't final. The exception was Harwood, North Dakota, where about 75% voted against an amendment that would have required independent review of large industrial projects, including data centers.

@TFTC21

The Moscow Exchange plans to start trading bitcoin, Ether and USDT on December 1. The exchange and its clearing house have been under U.S. Treasury sanctions since June 2024. The first phase is a pilot.

@TFTC21

"You lose enough business because you won't do Bitcoin and you'll start doing Bitcoin." @andyjschoonover on the auditors keeping hospitals off Bitcoin.

@TFTC21

Riot Platforms sold 20,264 bitcoin this year, about $1.5 billion, mostly to fund AI data centers. Counting the coins it mined, its stack went from 18,005 BTC in January to 2,418 by September. In today's earnings, Riot also announced a $28 billion AI campus lease in Texas.

@TFTC21

"i want you to put the word out there that we back up"

@TFTC21

Binance says it has replaced about 98% of the ~$6.3 billion stolen in last week’s hack, using its own funds. It’s still buying the last 2% through market and OTC desks. Those are the less liquid tokens, so it’s going slower. x.com/binance/status…

@TFTC21

TFTC 807 w/ @andyjschoonover: "You start ripping the healthy people out of the system, you only have the unhealthy people left. That's why health insurance is in a death spiral." We discuss: ⚡ The $60K insurance bill ⚡ Paid to deny you ⚡ The Bitcoin parallel

@TFTC21

"Massive exchange downside event in midterms week, essentially pretty much put in the Bitcoin bottom." @JohnArnoldTen31 on Binance, FTX and the midterms.

@TFTC21

"There's no magic button to make it go away." @JohnArnoldTen31 on US debt crossing 100% of GDP.

@TFTC21

"It's much easier to find peace when the chaos is expected." @MartyBent and @BaronKoch21 on living on a Bitcoin standard in an age of chaos.

@TFTC21

Paraguay's largest digital bank just collapsed, and about 60% of the country's adults banked there. The central bank seized Ueno Bank on Tuesday after its solvency ratio fell below half the legal minimum. Roughly 3 million customers were locked out overnight: app, cards and transfers all frozen. The fallout so far: • About $380M of the state pension and health fund (IPS) is tied up in Ueno bonds and deposits • 13 mutual funds froze withdrawals and trading in Ueno's bonds was halted • Ueno handled about two thirds of electronic payments at large supermarkets, and merchants warn retail could be partly paralyzed • Customers can only get back up to about $1,700 for now • The central bank chief resigned and prosecutors ordered 8 people linked to the bank arrested Angry depositors have taken to the streets of Asunción, and the opposition is pushing to impeach President Santiago Peña over his past ties to the bank's parent group. One bank failure, and most of a country can't touch its money. That's counterparty risk.

@TFTC21

The US military is finishing preparations for a possible resumption of major combat operations in Iran, Axios reports, citing US officials. The preparations reportedly include sending more assets to the Middle East. No final decision has been made, and Trump's closest aides reportedly don't know what he will do.

@TFTC21

Voters sided against data centers in 40 of 41 local midterm ballot measures, according to a preliminary CNBC analysis of Ballotpedia data. Counts vary by tracker and results aren't final. The exception was Harwood, North Dakota, where about 75% voted against an amendment that would have required independent review of large industrial projects, including data centers.

@TFTC21

The Moscow Exchange plans to start trading bitcoin, Ether and USDT on December 1. The exchange and its clearing house have been under U.S. Treasury sanctions since June 2024. The first phase is a pilot.

@TFTC21

"You lose enough business because you won't do Bitcoin and you'll start doing Bitcoin." @andyjschoonover on the auditors keeping hospitals off Bitcoin.

@TFTC21

Riot Platforms sold 20,264 bitcoin this year, about $1.5 billion, mostly to fund AI data centers. Counting the coins it mined, its stack went from 18,005 BTC in January to 2,418 by September. In today's earnings, Riot also announced a $28 billion AI campus lease in Texas.

@TFTC21

"i want you to put the word out there that we back up"

@TFTC21

Binance says it has replaced about 98% of the ~$6.3 billion stolen in last week’s hack, using its own funds. It’s still buying the last 2% through market and OTC desks. Those are the less liquid tokens, so it’s going slower. x.com/binance/status…

@TFTC21

TFTC 807 w/ @andyjschoonover: "You start ripping the healthy people out of the system, you only have the unhealthy people left. That's why health insurance is in a death spiral." We discuss: ⚡ The $60K insurance bill ⚡ Paid to deny you ⚡ The Bitcoin parallel

@TFTC21

"Massive exchange downside event in midterms week, essentially pretty much put in the Bitcoin bottom." @JohnArnoldTen31 on Binance, FTX and the midterms.

@TFTC21

"There's no magic button to make it go away." @JohnArnoldTen31 on US debt crossing 100% of GDP.

@TFTC21

"It's much easier to find peace when the chaos is expected." @MartyBent and @BaronKoch21 on living on a Bitcoin standard in an age of chaos.