Some execs who reliably give to Dems feel that party leaders view SV as a piggy bank & aren’t promoting policies that help the IND. Trend: fueling concerns among Dems -bleeding support among tech elites.

Story blamesSV’s support of MAGA #fascism on the Dem Party. Biden refused to give #Tech #Oligarchs everything they want.
Bidenresisted #crypto +insisted on laws to protect against tech abuses.

Most #BigTech execs: pro #corruption +enemy of #democracy.
#Protest #USPol
https://www.thenerdreich.com/democrats-urged-to-bow-down-to-tech-fascism/

@molly0xfff is one of the most interesting tech critics out there, covering subjects like crypto industry spending in politics, Web3, and the tech industry as a whole with integrity and (sometimes) optimism. She spoke to NiemanLab about her Follow the Crypto site, her love of RSS, migrating from Substack to @ghost, and more. At the second and third links find her DotSocial conversation with @mike and an extract from her Fediverse House presentation at last year's SXSW.

https://flip.it/N3o96i
https://flipboard.video/w/ovAsDRovkgbihkZa3wMcUA
https://flipboard.video/w/p7cECAUgThGrfQo9Cqvb8r

It would be crazy if the #Trump #crypto accounts got drained, #hackers "if you're listening."

...yet another $50 million crypto heist (this time it's #BTCTurk, which as you might guess is a major #crypto exchange in #Turkey)

no confirmation yet but has the vibe of either a north korean operation or an insider taking the money and running.

https://x.com/BtcTurkKripto/status/1955981988747198513

https://universeodon.com/@therecord_media@mastodon.social/115028330815639988

Everything you most absolutely did NOT want to know about the very stable geniuses behind Stablecoin.

"JPMorgan in recent months has assigned a team of internal researchers to unearth legal documents related to the era of so-called wildcat banking from two centuries ago. In that era, hundreds of state-chartered banks issued their own currencies. JPMorgan’s researchers were looking into whether some of those dormant laws applied to the bank’s plan to create its own stablecoin today.

"They uncovered something else, though. In the wildcat era, fraud and bank failures ruled. That tumult was fixed only by the creation of the first U.S. National Bank note, a predecessor to the modern U.S. dollar. It was issued only by official national chartered banks — one of which was the precursor to JPMorgan Chase."

#Stablecoin #Crypto #USPol #GiftArticle
https://www.nytimes.com/2025/08/13/business/wall-street-banks-crypto-stablecoins.html?unlocked_article_code=1.eE8.7wWX.g6dA4yqJTtKi&smid=url-share

The price of #BitCoin is another one of the many signs that human societies have taken the path of complete stupidity. It's a tradable financial asset with nothing at all backing it. But one which is expensive and damaging to the environment to produce.

If I made a tradable asset from sheets of paper out of our recycling basket here, using a pencil, then it would have equally little real-world value but would be less damaging than BitCoin.

The “agreement” Justin Sun says should prevent Bloomberg from publishing the amounts and types of crypto assets he holds seems extremely shaky to me (caveat: I’m not a lawyer, some images are missing).

It looks like Justin Sun and his team sent the information he now claims is confidential on or around February 28.

A month later, on March 27, Justin Sun posted terms including: “The data is solely for verification and may not be used for any other purpose (including reporting) ... Bloomberg must also agree to use the data strictly in accordance with our requirements — for example, to provide only a general assessment or overall valuation based on the data, without making any specific references or detailed reporting on the figures.”

Bloomberg’s Tom Maloney: “Nobody at Bloomberg agreed to the terms sent by Justin, weeks after the data was shared with us.”

https://www.courtlistener.com/docket/71089620/8/2/sun-v-bloomberg-lp/

Justin Sun has just filed a lawsuit against Bloomberg, claiming they plan to “recklessly and improperly disclos[e] his highly confidential, sensitive, private, and proprietary financial information,” which they obtained while they were verifying his assets for inclusion in the Bloomberg “Billionaires Index”.

Sun claims this will cause him “ significant and irreparable harm—both financially and physically.” He says they plan to use the information in an article unrelated to the Billionaires Index. He also claims they plan to publish “granular details about his cryptocurrency assets, including a breakdown of his cryptocurrency holdings,” in the Billionaires Index, and that he wouldn’t have agreed to share the information had he known.

Sun sent a cease and desist to Bloomberg, and was informed they still intend to publish. He now seeks an injunction against the company.

https://www.courtlistener.com/docket/71089620/1/sun-v-bloomberg-lp/

Newsletter: The Trump administration cracks down on software to limit surveillance of crypto transactions, while celebrating a “deregulatory blitz” tailored for its billionaire benefactors

https://www.citationneeded.news/issue-90/

Google India’s main YouTube account abruptly went offline after what looks like a textbook channel hijacking.

New Analysis Finds #TrumpFamily Has Raked in $3.4 Billion Off the #Presidency

America’s first family is conducting its #grift in full view of the public, but the profits remain a guessing game

by Nikki McCann Ramirez
August 12, 2025

"Even before Donald #Trump officially began his second term in office, his family businesses were beginning the race to milk the presidency for every cent they could. Now, a new analysis from The New Yorker has put a potential dollar figure on how much Trump’s #crypto ventures, real estate deals, licensing agreements, and other grifts have netted America’s first family over the course of Trump’s time in politics: a staggering $3.4 billion.

"The total is an estimate, as the #TrumpOrganization and its various auxiliary companies and ventures — which are largely under the control of the president’s adult children — have not been entirely transparent regarding their finances.

"The New Yorker estimated that the president’s various #cryptocurrency had generated at least $2.37 billion in value, financial investments coordinated by #DonaldTrumpJr. and #EricTrump have generated $339.6 million, and Trump’s flagship #MarALago resort in #PalmBeach, Florida, has raked in $125 million in extra profits."

Read more:
https://www.rollingstone.com/politics/politics-news/trump-family-billions-presidency-1235405843/

Archived version:
https://archive.ph/u1KTu

"No Sheriff in Town"
#Tech IND’s pay off:leg/exec action, & the #TrumpRegime paused or withdrawn: 1/3 of the targeted investigations into tech corps. ~104 cos. in the tech sector were facing at least 143 fed invs.

1st 6 mos of 2025: 47 enforc actions: withdrawn or halted. These cos spent >$1B over the course of the 2024 election cycle. 2/3 of that pol spending went toward supporting Rs/Trump. ~1/2 of the enforc actions: dropped or paused for #crypto cos.
#Bribery #USPol
https://www.wired.com/story/james-talarico-texas-democrats-gerrymandering/