📊 Peter Schiff Slams STRC as A Ponzi Scheme?
On May 13, 2026, Peter Schiff, Chief Economist at Euro Pacific Asset Management and a long-time Bitcoin critic, claimed in a Cointelegraph interview that Michael Saylor’s STRC operation resembles a Ponzi scheme. He emphasized that legitimate finance depends on earnings to repay debt, and if Saylor does not sell Bitcoin, he must seek new capital from investors to meet existing obligations.
Schiff noted that if Saylor were to sell Bitcoin to cover the 11.5% interest, it could crash the market. Conversely, if he is compelled to liquidate during a downturn to repay debt, it would lead to significant principal losses.
On May 13, 2026, Peter Schiff, Chief Economist at Euro Pacific Asset Management and a long-time Bitcoin critic, claimed in a Cointelegraph interview that Michael Saylor’s STRC operation resembles a Ponzi scheme. He emphasized that legitimate finance depends on earnings to repay debt, and if Saylor does not sell Bitcoin, he must seek new capital from investors to meet existing obligations.
Schiff noted that if Saylor were to sell Bitcoin to cover the 11.5% interest, it could crash the market. Conversely, if he is compelled to liquidate during a downturn to repay debt, it would lead to significant principal losses.
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🗽 Coinbase Uses AI to Reduce Account Restriction Resolution Time by 90%
Coinbase CEO Brian Armstrong announced that the company is leveraging AI to enhance its compliance processes, resulting in a 90% reduction in the time needed to lift account restrictions. AI now manages most repetitive tasks, allowing human employees to focus on verification, security, and higher-level decision-making. #regulation
Coinbase CEO Brian Armstrong announced that the company is leveraging AI to enhance its compliance processes, resulting in a 90% reduction in the time needed to lift account restrictions. AI now manages most repetitive tasks, allowing human employees to focus on verification, security, and higher-level decision-making. #regulation
🕵️ a16z-Backed Syndicate Labs Is Winding Down
Syndicate, an on-chain development startup backed by a16z, will shut down after five years of operation. The decision comes due to a fundamental shift in the Rollup market and a significant contraction in market size, and it is not related to the recent cross-chain bridge exploit. Syndicate had raised over $27 million in funding. #hack
Syndicate, an on-chain development startup backed by a16z, will shut down after five years of operation. The decision comes due to a fundamental shift in the Rollup market and a significant contraction in market size, and it is not related to the recent cross-chain bridge exploit. Syndicate had raised over $27 million in funding. #hack
🇺🇸🔮 Polymarket applies for approval to offer express bets on sports events contracts in the United States.
Bitcoin Magazine
Remember SOLANA Summer 2021 Hyperliquid Summer
Remember SOLANA Summer 2021 after SOL broke 50$
Hyperliquid Summer
Hyperliquid Summer
📊 According to SoSoValue data, on May 20 (ET), Bitcoin spot ETFs recorded a total net outflow of $70.47 million, extending their streak of net outflows to four consecutive days.
Ethereum spot ETFs recorded a total net outflow of $28.14 million, marking eight consecutive days of net outflows.
Ethereum spot ETFs recorded a total net outflow of $28.14 million, marking eight consecutive days of net outflows.
🏴☠️ The Attorney General of Missouri has filed a lawsuit against the cryptocurrency ATM operator CoinFlip for "aiding fraud." #regulation
Forwarded from VIPInside
Media is too big
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🇫🇷🥷 Wife of The Sandbox Co-Founder Targeted in Suspected Crypto-Linked Kidnapping Attempt
The wife of The Sandbox co-founder and COO Sebastien Borget was targeted in an attempted kidnapping at her home in Seine, France. Suspects posed as delivery workers to trick her into opening the gate, after which five masked accomplices rushed in and attempted to force her into a vehicle.
The attackers fled after neighbors heard her calls for help and intervened. Police have arrested two suspects, while four others remain at large. Preliminary investigations suggest the attack may be linked to cryptocurrency. #hack
The wife of The Sandbox co-founder and COO Sebastien Borget was targeted in an attempted kidnapping at her home in Seine, France. Suspects posed as delivery workers to trick her into opening the gate, after which five masked accomplices rushed in and attempted to force her into a vehicle.
The attackers fled after neighbors heard her calls for help and intervened. Police have arrested two suspects, while four others remain at large. Preliminary investigations suggest the attack may be linked to cryptocurrency. #hack