Activity tagged "crypto"

Posted:

This article is a great deep dive into some of the shady characters behind World Liberty Financial — Justin Sun among them, despite his recent efforts to distance himself from the project. (He likely hoped this interview would help, and it is a little friendly, but rightly points out his shadiness.)

World Liberty Financial has put $800 million in the president's pocket. Justin Sun made a huge investment — and was shocked by what he saw, reports Jen Wieczner.
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Just had to patch a bug on the Tech Influence Watch Michigan House District 13 election page, stemming from Shri Thanedar reporting -$1.1 million in receipts.

Why is Thanedar reporting negative receipts? He put $3.7 million of campaign funds into crypto.

Two-thirds of the Michigan congressman's campaign cash last quarter came from AIPAC bundlers after he invested millions in crypto.
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fascinating economic discovery from Fidelity: houses actually are cheaper now than in 2020!*

* if you denominate them in an arbitrary asset that has appreciated over that time frame

The average U.S. home has appreciated by over $100,000 since 2020, reflecting the broader inflationary environment across fiat-denominated assets. However, when priced in bitcoin, the average home has declined significantly in value, becoming approximately 10 times less expensive over the same period.  This divergence raises a key question: Is housing becoming more expensive, or is the purchasing power of fiat currency steadily eroding?
Chart showing average home prices in dollars from 2020–2026 (rising about $100k over that period), and on the second axis the price in bitcoin (dropping by about 50BTC)

next up from Fidelity: groceries aren't getting more expensive**

** if you denominate their price in World of Warcraft gold

Read:
Risking little of their own money, the US president and his sons have added at least $2.3 billion to the family fortune from their main crypto ventures, while the investors they've wooed have taken a $2.3 billion hit, a Reuters examination found.