Mar 12: Live w/ Kyle & Matt: Trump's Crypto Play: Strategic Bitcoin Reserve Unveiled

Mar 12: Live w/ Kyle & Matt: Trump's Crypto Play: Strategic Bitcoin Reserve Unveiled

Kyle and I are back for another live discussion. I really enjoy these talks because I don't know Kyle's opinion or where his head is at, so we both learn a lot about the topics of the day. I hope you do too.


The Strategic Bitcoin Reserve

The biggest news of the week came from an announcement regarding a U.S. government-controlled Bitcoin reserve. President Donald Trump initially tweeted about forming a “crypto strategic reserve,” but left out Bitcoin and Ethereum from his original statement. An hour later, he followed up, including both assets and clarifying his stance.

However, the reality of this reserve was not as explosive as many had hoped. The U.S. government is not buying more Bitcoin—it’s simply choosing to hold onto the Bitcoin it already has, mostly acquired through civil asset forfeiture. If the U.S. had held onto previously seized Bitcoin instead of selling it, the Treasury would reportedly have an additional $7 billion in its reserves.

The ethical concern here is that this decision creates a perverse incentive. By allowing the government to hold onto seized Bitcoin rather than auctioning it off, it essentially profits from civil asset forfeiture. Historically, seized assets have had to be sold or destroyed. Now, if the government sees an opportunity to benefit from rising Bitcoin prices, could that create undue motivation to seize more crypto assets?


White House Crypto Summit

Following the Strategic Bitcoin Reserve announcement, the White House hosted a Crypto Summit, attended by major industry players such as Michael Saylor (MicroStrategy), Brian Armstrong (Coinbase), the Winklevoss twins (Gemini), Brad Garlinghouse (Ripple), and Tom Emmer (House Majority Whip). The summit served as a meeting of key crypto stakeholders with the Trump administration, but it raised concerns about whether this was a genuine effort to advance crypto policy or simply a pay-to-play scheme.

Many of the attendees were major donors to Trump’s campaign, which raises questions about how much influence money has over crypto regulation. If the people in the room are the ones who will have their projects favored by regulators, then retail investors and smaller projects could be at a serious disadvantage. Additionally, there was little diversity at the summit, with very few women or representatives of decentralized finance (DeFi) projects in attendance.


CZ’s Comments on Long-Term Crypto Investing

Binance’s former CEO, Changpeng Zhao (CZ), made headlines this week by discussing ethical long-term crypto investing. He emphasized the importance of token unlock mechanisms that align with a project’s actual success rather than arbitrary time-based schedules. Too often, venture capitalists dump tokens as soon as they unlock, leaving retail investors to absorb the losses. CZ suggested that token unlocks should be tied to key performance indicators (KPIs) rather than arbitrary schedules, an idea that could help make the space more sustainable.


Happy HODLing, everyone.

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April 10: Scathing FTX Report of Incompetence

April 10: Scathing FTX Report of Incompetence

Today in Daily Web 3 News: A scathing 45 page report comes out from FTX’s new management highlighting business practices of FTX under SBF… and the incompetence and mismanagement is shocking__________News Links 👇 https://www.theblock.co/post/225497/sam-bankman-fried-alameda-reporthttps://www.coindesk.com/business/2023/04/09/former-ftx-us-president-reportedly-quit-after-protracted-disagreement-with-bankman-fried/https://www.coindesk.com/business/2023/04/10/crypto-exchange-bitget-starts-100m-asia-focused-web3-fund/https://cointelegraph.com/news/community-wants-arbitrum-foundation-to-return-700m-arb-to-dao-treasuryhttps://decrypt.co/125765/thai-man-uses-ai-to-win-lotteryhttps://decrypt.co/125746/midjourney-uses-photo-uploads-to-help-you-craft-promptshttps://decrypt.co/125811/bitcoin-miners-will-have-same-rights-data-centers-says-new-arkansas-billhttps://www.coindesk.comhttps://cointelegraph.com/news/bitcoin-traders-expect-big-move-next-as-btc-price-flatlines-at-28k——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.I invest in many cryptocurrencies and stocks. They include, #btc , #ethereum , #bnb , #zili , #xyo , #matic, #coinbase, #tesla, #bakkt ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

10 Apr 20238min

April 7: Bitboy Reported to the FBI & Week in Review

April 7: Bitboy Reported to the FBI & Week in Review

Today in Daily Web 3 News: This week we saw the closure of two exchanges, Midjourney taking heat for its AI generated images, some questions exchanges pop up, and YUGA launch some bling with Gucci. Oh, and today Bitboy is reported to the FBI__________News Links 👇 https://decrypt.co/123768/bittrex-global-offers-no-fee-trading-on-usdc-and-euroc-marketshttps://decrypt.co/125630/lawyer-adam-moskowitz-fbi-bitboy-threatening-emails-callshttps://decrypt.co/125616/shaq-hiding-ftx-lawsuit-seek-alternative-method-servehttps://decrypt.co/125649/dogecoin-drop-twitter-bird-returns——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.I invest in many cryptocurrencies and stocks. They include, #btc , #ethereum , #bnb , #zili , #xyo , #matic, #coinbase, #tesla, #bakkt ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

7 Apr 202318min

April 6: Apple’s Secret BTC White Paper & AI Fears Mount

April 6: Apple’s Secret BTC White Paper & AI Fears Mount

Today in Daily Web 3 News: Apple has been quite about crypt for some time, but it looks as though they are making a quiet statement. Countries around the world have growing concerns about AI. Neill Blomkamp is making a web 3 game. __________News Links 👇 https://decrypt.co/125540/ai-artificial-intelligence-national-bans-lawshttps://decrypt.co/125516/bob-lee-mobilecoin-cash-app-deathhttps://blockworks.co/news/apple-bitcoin-white-paperhttps://www.coindesk.com/policy/2023/04/06/japan-releases-web3-white-paper-to-promote-industry-growth-in-the-country/https://blockworks.co/news/coinbase-motion-tornado-cash-ban-unconstitutionalhttps://decrypt.co/125572/financial-regulator-cancels-license-binances-derivatives-business-australiahttps://www.theblock.co/post/225024/bitstamp-bitcoin-crypto-lending-europehttps://cointelegraph.com/news/us-bitcoin-reaches-tentative-settlement-to-reopen-niagara-falls-mining-facilityhttps://decrypt.co/125511/microstrategy-buys-more-bitcoin-break-even-pricehttps://www.coindesk.com/business/2023/04/05/binance-rejected-justin-suns-offer-to-buy-his-huobi-stake-source/https://decrypt.co/125447/filmmaker-neill-blomkamps-off-grid-game-dedicated-avalanche-subnethttps://techcrunch.com/2023/04/05/the-us-is-losing-crypto-talent-as-blockchain-devs-seek-safer-havens/?guccounter=1https://oatsstudios.com——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

6 Apr 202310min

April 5: Hacks Up 192%, NFT Volume Tops $2B, Paxful Closes

April 5: Hacks Up 192%, NFT Volume Tops $2B, Paxful Closes

Today in Daily Web 3 News: Even though hacks are up this year, the total amount taken is down. All the while NFTs are blazing! Kinda…. And, peer to peer network closes. __________News Links 👇 https://decrypt.co/125384/number-crypto-hacks-scams-jumps-192-year-over-year-immunefihttps://unchainedcrypto.com/tether-used-signature-banks-signet-to-access-us-financial-system-report/https://www.coindesk.com/business/2023/04/05/swiss-government-owned-bank-postfinance-to-offer-customers-crypto/https://decrypt.co/125450/criminal-trump-nfts-rise-as-former-president-faces-34-felony-chargeshttps://decrypt.co/125444/nft-sales-near-2-billion-march-blurhttps://decrypt.co/125411/paxful-bitcoin-marketplace-closure-cofounder-lawsuithttps://decrypt.co/125410/opensea-no-fee-pro-marketplace-nft-rewardshttps://blockworks.co/news/nft-dex-collection-xyzhttps://www.theblock.co/post/224781/su-zhu-opnx-launches-token-giveawayhttps://www.coindesk.com/markets/2023/04/05/ethereums-shanghai-upgrade-could-bring-24b-of-selling-pressure-to-ether-market/https://www.theblock.co/post/224950/tokenized-gold-tops-1-billion-market-cap-amid-banking-crisis-concernshttps://decrypt.co/125485/ethereum-lsd-tokens-rise-ahead-next-weeks-shapella-upgrade——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

5 Apr 202310min

April 4: Twitter or DOGE? No Xi JinPing on Midjourney, Binance Loses Marketshare

April 4: Twitter or DOGE? No Xi JinPing on Midjourney, Binance Loses Marketshare

Today in Web 3 News: Elon shocks the world by changing the Twitter logo to DOGE. Meanwhile Midjourney AI picture generator banned all prompts for China’s President Xi JinPing. And, Binance loses marketshare in the wake of CFTC law suits. __________News Links 👇 https://decrypt.co/125345/midjourneys-ai-platform-blocks-images-of-chinese-president-sparking-ethics-debatehttps://decrypt.co/125360/yuga-labs-joins-gucci-to-announce-otherside-themed-jewelryhttps://www.theblock.co/post/224683/binance-denies-changpeng-zhao-cz-faces-interpol-red-notice-spokespersonhttps://decrypt.co/125299/dogecoin-surges-doge-replaces-bird-logo-twitterhttps://www.theblock.co/post/224490/uniswap-volume-coinbase-best-monthhttps://www.coindesk.com/tech/2023/04/03/pancakeswap-dex-launches-version-3-on-bnb-chain-and-ethereum/https://www.coindesk.com/markets/2023/04/04/bitcoin-volatility-indexs-correlation-with-price-flips-positive-boosts-appeal-of-bullish-call-options/https://www.coindesk.com/markets/2023/04/04/dogecoin-futures-liquidations-jumps-to-26m-after-twitter-displays-tokens-logo-for-some-users/https://www.coindesk.com/markets/2023/04/04/binance-market-share-hits-lowest-since-november-after-cftc-lawsuit-end-of-zero-fee-trading/——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

4 Apr 20238min

April 3: US BTC Liquidity, Bittrex Closes, A.I. Fake News

April 3: US BTC Liquidity, Bittrex Closes, A.I. Fake News

Today in Daily Web 3 News: One of my OG exchanges is closing in the US and I am sad about it. There is a liquidity problem in US markets for crypto. And, AI is getting out of control and fake news is hard to tell apart from real news. __________News Links 👇 https://cointelegraph.com/news/ftx-eu-launches-withdrawal-website-to-pay-back-european-usershttps://decrypt.co/125087/crypto-exchange-bittrex-shut-down-us-operationshttps://blockworks.co/news/blackrock-rate-hikes-short-term-volatility-cryptohttps://cointelegraph.com/news/bitcoin-liquidity-drops-to-10-month-low-amid-us-bank-runhttps://decrypt.co/125081/us-government-dumps-seized-silk-road-bitcoinhttps://cointelegraph.com/news/btc-price-double-top-coming-5-things-to-know-in-bitcoin-this-weekhttps://cointelegraph.com/news/an-ambitious-project-opens-the-doors-to-the-metaverse-in-the-heart-of-dubaihttps://decrypt.co/124972/midjourney-free-ai-image-generation-stopped-over-deepfakeshttps://freeross.org——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.I invest in many cryptocurrencies and stocks. They include, #btc , #ethereum , #bnb , #zili , #xyo , #matic, #coinbase, #tesla, #bakkt ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

3 Apr 20239min

Long Form: What's the Fallout from CFTC Binance Lawsuit w/ Leo Mizuhara

Long Form: What's the Fallout from CFTC Binance Lawsuit w/ Leo Mizuhara

Everyone has spoke about the facts of the CFTC lawsuit. However not many people are talking about the affects.Besides maybe closing Binance US… I don’t see there being any globally because this is a US based situation. What do you think?I am looking at this as a political battle between CFTC and the SEC…. Am I right with this? Do you know what the different outcome would be if everything is a commodity vs security?Seems there was actual shenanigans at Binance, is the shenanigans because of the inability to operate in a regulated environment (see Coinbase) or because they are bad actors that just want to break the rules of the system? ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.I invest in many cryptocurrencies and stocks. They include, #btc , #ethereum , #bnb , #zili , #xyo , #matic, #coinbase, #tesla, #bakkt ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

1 Apr 202338min

March 31: The RESTRICT Act: Why We Need to Control Our Data

March 31: The RESTRICT Act: Why We Need to Control Our Data

The RESTRICT Act is thought of as the Patriot Act 2.0, as it give the executive branch of our government control of internet speech. This is a conversation we all should be paying attention to and create solutions that align with the values we hold dear and that protect liberty. _________News Links 👇 https://www.jdsupra.com/legalnews/the-restrict-act-a-potential-new-1582223/https://www.youtube.com/watch?v=sxV53vkqogs——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! This is NOT an offer to buy or sell securities.Investing and trading in cryptocurrencies is very risky, as anything can happen at any time.This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.I invest in many cryptocurrencies and stocks. They include, #btc , #ethereum , #bnb , #zili , #xyo , #matic, #coinbase, #tesla, #bakkt ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

31 Mars 202317min

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