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⌐◪-◪ → This is why we need crypto

Imagine waking up to find your bank account closed with no warning. That’s the reality for over 30 crypto founders, allegedly targeted by "Operation Chokepoint 2.0." Marc Andreessen and Elon Musk claim this modern version of the 2013 Obama-era program is being weaponized to debank disfavored industries, with crypto firmly in the crosshairs.

The process is terrifyingly opaque—no warnings, no appeals, no due process. Just silence. The debanking doesn’t just hit crypto; it spreads fear across the entire tech startup ecosystem. Innovation? Suffocated.

At least people are finally waking up to the reality of this government overreach. Nic Carter, Caitlin Long, and others are blowing the whistle on how regulators are weaponizing financial access as a control mechanism.

Crypto was designed for this exact scenario: when banks fail us. Yet, people still say crypto-maxis are doomsayers. There are daily examples of governments restricting the freedom to transact.

⌐◪-◪ → The global race for crypto superiority is on

Hong Kong just threw down the gauntlet, eliminating capital gains tax for crypto hedge funds, private equity, and family offices. The move is a clear play to cement its status as the crypto capital of the world, competing with hubs like Singapore.

Less tax = more institutional money. Hedge funds, HNWIs, and private equity firms now have every reason to set up shop in Hong Kong. Regulators in the US and Europe? They’re snoozing while Hong Kong pulls ahead.

Meanwhile, Trump’s team is teasing the idea of eliminating capital gains taxes on US crypto to reignite domestic innovation. If they’re serious, the race for crypto dominance just got interesting.

⌐◪-◪ → The largest on-chain loan in history

$2.75M, a single CryptoPunk, and a seamless on-chain loan. DJ Seedphrase just collateralized his seven-trait CryptoPunk #8348 on Gondi, setting a record for the largest NFT-backed loan ever.

NFT-backed loans aren’t new—Gmoney borrowed $1M against his ape Punk earlier this year. If he used that liquidity to stack BTC or more Punks, he’s probably sitting very comfortably right now.

This is the magic of crypto lending: no middlemen, no endless paperwork, and minimal counterparty risk. Just a few clicks, and boom—liquidity.

Personally, I could never collateralize my main Punk—it’s too precious to me—but hey, respect to Seedphrase for pushing the space forward. Besides, his bets always seem to pay off.

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