Trader. Privacy maximalist. $XMR is money, the rest is custody. No tribe, no noise.
The blind spot
Joined October 2009
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Every big story this week was "let us hold it for you."
Binance. The freeze button. A senator. Nvidia's SSH keys. Altman and your RAM. Even a Monero token with its own indexer.
Wrote the whole week down in one place.
the most advanced software on earth just signed a $3.4B deal for gas generators.
every AI roadmap eventually turns into a power plant roadmap
$MEGA daily
0.0519 has rejected every attempt since october, including two wicks to 0.055.
meanwhile the lows keep getting bought: 0.0393 held twice this month.
long on the break of 0.0519.
invalidation: back under 0.0485.
the order isn't even live yet. compliance just found out where your usdt used to live
Users Report Deposit Restrictions at OKX, Binance and Other Exchanges Following FinCEN Action Against MEXC
Following the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) issuance of a special measure order targeting MEXC Global, some community users reported that funds withdrawn from MEXC to centralized exchanges, including OKX, Binance, and Gate, were subjected to compliance reviews, held pending deposit crediting, or placed under refund review by the receiving platforms. Separately, Bitget Wallet confirmed that its card top-up service currently does not accept funds identified as originating from MEXC. FinCEN’s order has not yet taken effect. The exchange-related reports are primarily based on individual user accounts rather than official platform-wide restriction announcements. The scope of any restrictions and the eventual disposition of affected funds remain unclear.
south korean exchange gopax just froze deposits, withdrawals and trading. not because of a hack. because of an email from someone claiming to be one
threat unverified. no theft, no loss. users still can't touch their coins
binance owns about 67% of it. same week korea floated making exchanges keep 99% in cold storage
one unverified email was enough to press the button
before you trust any wallet, exchange or "self-custody" app, ask three things:
can anyone freeze it?
can anyone upgrade the code under you?
can anyone sign for you?
"yes, but they won't" is not an answer. it's a custodian with good manners
three shorts on the AI selloff today, all on stock perps.
$MU under 705.76. broke, ran to target. then it climbed back over the level for half an hour, failed, and gave the same trade again. target twice
$HOOD under 78.98, out at 77.09
same setup every time: level breaks, entry under it, stop right above it
nasdaq -6%, worst day since 2020. $BTC went 81k to under 76k in a day, $500M in longs gone in an hour
yesterday the election was the bull case. today it's just correlation and leverage
my line hasn't moved: 74.5k. above it i hold, below it i'm out
$BTC closed october above 76k. half of CT called it rektober, the level didn't care
spot long since aug 19, avg 67.7k. bought the breakout out of the 59-67k range
76.1k has held twice now, september wicked to ~75k and got bought back
above 74.5k i stay long
below 74.5k i'm out
no targets to sell you. just the line where i'm wrong
the take all month: crypto is cooked if republicans lose
they lost the house and the senate. $BTC is back near 78k
the coin doesn't check who holds the gavel. the ones who do are the businesses that need permission: exchanges, ETFs, stablecoin issuers
hold the thing that doesn't care about the vote count
$NBIS SHORT | level 141.48
entry: break below 141.48
stop: 143.41
target: 133.62 (3R)
nebius lost ~37% in october with the rest of the AI trade. not catching that knife, selling the next leg if 141.48 gives way
no break, no trade
binance didn't lose $6.3B because coins sat in a hot wallet. per binance, no private keys leaked. someone got to a machine that could submit withdrawals
99% cold storage regulates where the keys sleep. the attack went after who's allowed to press send
your own cold wallet is the only one where that person is you
two days ago: CLARITY would let firms freeze funds "the instant law enforcement calls"
today: protection shouldn't depend on a pledge
both fixes put a third party between you and your coins. a qualified custodian is still someone else holding your keys
the only protection that doesn't depend on a pledge is not handing them over
Read the XMR20 docs so you don't have to.
Launched and traded on Solana. Records stuffed into Monero's tx_extra. Balances counted by their own indexer. Bridge checked by an operator, upgradeable by the owner, no audit yet.
Their own words: "Monero itself does not enforce XMR20 balances."
A Solana launchpad wearing a Monero hoodie. $XMR
we are in the very beginnings of $xmr szn
there are things happening in the ecosystem most dont even know exist (yet)
solana:Cy5TzDyJ4mo6MBAbpwUcAgdfNiXYKrYUPrvhPGVU6XMR already burned 30% of supply
iykyk
Every pitch this week was "let us hold it for you."
Binance held the coins. $6.3B walked out.
~$3B got frozen within hours, and a senator wants that legally covered on one phone call.
Nvidia held the SSH keys. For two weeks, maybe someone else did too.
Altman wants your RAM in his data center.
And people are begging to deposit crypto into the app that already has their DMs.
Custody is the product now. $XMR is still the exit.
"Freeze funds the instant law enforcement calls."
Funny pitch, given ~$3B got frozen within hours this week without the bill.
What it adds isn't the ability. It's the legal cover to do it on a phone call. Take the word Binance out of that sentence and read it again.
Binance lost ~$6.3B and had ~$3B frozen on-chain within hours. Both numbers are Binance's own.
Nobody froze any bitcoin. You can't. Stablecoins are a different story: one call to the issuer and the address is dead.
Today that button saved half the loot, and everyone's cheering. Just remember it's the same button, and it doesn't check who's pressing it or why.