XRP Owns the SEC, Margot Robbie is Mid
212: Crypto explodes, Equities trend higher
It’s thirsty Thursday folks — and to boot we have some massive upside playing out in equity markets and crypto as the bulls take back control on the heels of a decent inflation number (at least on paper).
Lots of news to catch up on to make some money, save some money, and resist the lizard people and bug men worldwide.
If you guys missed some of our recent premium posts this week you can check them out below — reminder it’s only $5/month to get differentiated lifestyle, markets, and geopolitics posts that thousands of our subscribers access. I’ve kept it this low so everyone has a chance to access all posts I but understand at this point 5-10 hours of work goes into posts each week and we cover topics and themes that are of high value — so I’m not going to just throw it from the rooftops.
If you’re okay with just the weekly global news and markets updates that works too.
Global Markets
Lot’s to cover this week in markets. Equities have climbed aggressively powered by the S&P 500 and outperformance from several big tech names including NVDA 0.00%↑ a position we are now up over 216% on. Crypto related equities including exchanges and mining companies are up as well like COIN 0.00%↑ and MARA 0.00%↑ .
The doubters and bears are certainly in pain this week as all markets continue to climb higher.
China tech is seeing a strong resurgence as well. Shoutout to
for predicting AliBaba was going to surge.During this week, the Hang Seng Tech Index experienced a remarkable surge of nearly 8.6 percent, on track to achieve its most significant five-day increase of the year, resulting in the addition of nearly US$90 billion to its market capitalization. Among its prominent components, Alibaba Group Holding witnessed a notable advancement of 10 percent, while Meituan soared by an impressive 13 percent, and JD.com gained a solid 12 percent.
XRP’s price has skyrocketed 96% in the past day, climbing the most among the largest cryptocurrencies by market capitalization after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts (Coindesk)
Coinbase will re-enable trading for XRP on the XRP network.
Gemini is looking into options to re-list XRP
Kraken is also relisting XRP
Twitter announced that it will start paying out revenue to creators that was generated from ads
Blockchain developer Pedro Magalhães claims that he has successfully reverse-engineered the source code of Brazil’s pilot central bank digital currency (CBDC). He revealed the existence of functions that empower a central authority to freeze funds or reduce balances (Wall Street Silver)
Europe’s first spot Bitcoin exchange-traded fund (ETF) is set to debut later this year after a long delay. The Bitcoin ETF by Jacobi Asset Management — a London-based multi-asset investment platform — was set to debut on the Euronext Amsterdam exchange in July 2022 (Cointelegraph)
Chipotle has announced they are testing robots that can prepare avocados to make guacamole faster
What a fucking week in markets for crypto.
XRP came hot out of the gate today getting a positive outcome in their ongoing legal action with the SEC.
Digital currencies that were classified as unregistered securities by the Securities and Exchange Commission (SEC) of the United States in legal actions against Coinbase and Binance last month have experienced significant increases in value today, reaching double-digit percentages, due to a positive court decision relating to Ripple's XRP.
In the U.S. Securities and Exchange Commission (SEC) case filed in 2020 against blockchain platform Ripple, a U.S. District Court Judge in the Southern District of New York ruled Wednesday that the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts (CoinDesk).
Don’t discount the impact this is going to have on crypto prices in the short to medium term. Even ardent crypto supporters like me, had doubts in the face of the endless ponzis, scams, and exchange blow ups we saw last year as the market floor fell out and prices nose dived.
But this outcome paired with the positive news and ETF filings from major insitutions validates the use case and future of crypto. There’s no doubt it’s here to stay now. The SEC has released the following statement after the decision today.
A number of exchanges have hinted at re-listing XRP including Gemini who said today on Twitter: Given today's ruling that the sale of XRP on exchanges is not a security, Gemini is exploring the listing of XRP for both spot and derivatives trading.
This development indicates that the SEC’s authority may be limited in regards to their ability to control and limit the growth of the crypto sector — Gary Gensler is certainly taking more and more L’s and will soon have to deal with all the ETF applications before the end of the year.
We could see a snowball effect of bullish catalysts that drive the next bull market and take the market to heights many did not think possible 6 months ago.
Global News
Tensions continue to grow in Ukraine as Biden contemplates aiding Ukraine with F-16 fighter jets, a move that Russian Defense minister Lavrov has condemned, saying the move would be seen as a step towards nuclear escalation since F-16 can carry that type of payload if required.
In a recent display of unrest within the Russian military leadership, a high-ranking Russian commander stationed in Ukraine expressed strong dissatisfaction towards his superior officers following his dismissal from command. He openly criticized them for compromising the effectiveness of the war effort through deceit and political maneuvering, highlighting the prevailing discord within the Kremlin's military hierarchy.
The Biden administration to provide free Covid vaccines to uninsured Americans this fall through end of 2024 (unusual Whales)
The US Secret Service has ended investigation into bag of cocaine found at White House without finding a suspect
US Presidential candidate Robert Kennedy Jr now has higher favorability numbers than Joe Biden, according to a new poll.
The President of the United States, Joe Biden has just released an authorization for the call-up of at least 3,000 Personnel from the U.S. Armed Forces Reserve and roughly 450 from the Individual-Ready Reserve in order to Augment the Forces of U.S. European Command for the upcoming Exercise “Operation Atlantic Resolve” in the Region (OSINT Defender)
A violent brawl broke out in the Kosovo Parliament after an opposition MP threw water at the current Prime Minister
The Verge has reported that Hollywood studios has proposed contracts allowing them to scan actors and create their likeness in the form of artificial intelligence, while keeping the rights indefinitely (Spectator Index)
Margot Robbie is Mid?
The internet, primarily Twitter and Instagram, blew up this week with the debate of if Margot Robbie, the famed actress from Wolf of Wall Street is mid or not. If you’re older and don’t have all the modern lingo being slung on the street Mid is defined as the following in Urban dictionary: Used to insult or degrade an opposing opinion, labeling it as average or poor quality.
I don’t know about you guys but I think we have one too many basement mouth breathing dwellers who aren’t getting enough action with real women. To say Margot is mid is laughable.
Just goes to show you that the cheap dopamine and access to porn and feeds of ndless naked women have fried the brains of many men.
Sure, you could make the argument that her prime was many years ago hen the Wolf of Wall Street and other big films featuring the actress dropped — but even in her early 30’s she’s a babe.
To argue otherwise tells me you don’t have your wits about you.
Santa Clara Continues Medical Tyranny
In a move that couldn’t be more absurd — Santa Clara University in California (a place I’ve spent many days raging face at) announced current students can get the Covid 19 vaccination or withdraw from university.
Speechless.
With everything we now know about the vaccine roll out, side effects, and the highly exaggerated efficacy, this is nothing short of criminal.
Quite frankly — I don’t give a f*ck if it sounds crass or extreme — this is literal fascism.
Mandating an experimental shot or kicking people out of an institution. I talk a lot about two realities people are living in nowadays, one where people have become more wise and understand what’s going on with the power abuses and lies told by our government and officials and another where people still bend over backwards to comply with our corrupt overlords.
It’s laughable in retrospect and I get that some people are still likely upset they caved to the narrative but for those of us who saw it all for what it was this type of continued fuckery is maddening.
Nurses are getting their jobs back, firemen are getting their jobs back, people are being back paid for being unjustly fired, we’re finding out ventilators actually killed people, deaths were misreported or boosted by insitutions who benefited from government contracts, Ivermectin worked the whole time, vaccines weren’t as safe as they said, and Covid virtually disappeared as soon as Vladimir Putin made his move on Ukraine — the narrative completely changed.
Sure it was real in the sense people were getting sick and dying — but the majority of those people were obese, already sick, or had preexisting conditions.
If you can’t see that at this point I really don’t know what to tell you. You either get it or you don’t. The pandemic was an excuse to seize power, manipulate economic interests (like Vaccine and treatment sales), and move us closer to a world where the authoritarian regimes that govern us have more and more control over our lives.
Big tech and the government censored the lab leak theory, the origin theories, and the treatments for Covid 19. They literally made sure people couldn’t find the truth.
There’s never been a bigger psy op in the last 20 years and now we all sit in the awkward aftermath wondering what the next big “thing” is going to be.
Hope you guys have a great Thursday night and weekend — we’ll be back Tuesday morning with a guide on the best Chinese and Indian companies we are looking at for 2023 and 2024.
The biggest evidence against COVID and vaccine narratives is that Africa wasn’t wiped out.
guys who think MR is mid deserve to die in next wave