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⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
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Mar 10 • 5 tweets • 4 min read
🧵 If anyone is looking for alpha on $MCB read this and remember $MCB is #CryptoCom's partner bank for $USD. @eliant_capital @concodanomics

Ω👇Ω
🧵 Then read this: $MCB
🧵 Then go look at the 10-K filings for $MCB.
sec.gov/ix?doc=/Archiv…
🧵 #TheCryptocalypse is almost here anon. Are you ready?
🧵 This shoulda been in the thread. Fascinating comment from @finhstamsterdam that explains why #CryptoCom customers in the Netherlands are not being provided the new IBAN for CryptoCom's new account at #OpenPayd (#Tether's 🏦...) in #Malta.

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More from @Cryptadamist

⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Mar 11
🚨Ω🚨
Fascinating press release from @circle revealing where they keep $USDC cash.

➤ $9.7bn cash
➤ $5.4bn at BNY
➤ $3.3bn at $SIVB (💥)
➤ $1bn at $CUBI (wannabe $SI bank)

Leaves ~$0 at $SBNY. Weird huh? @beefwellingtoni @NotChaseColeman @StockJabber
circle.com/blog/an-update… Image
@circle @beefwellingtoni @NotChaseColeman @StockJabber LOL @jerallaire made a thread about this and all the most upvoted replies are just outright scam bots trying to rip off panicked $USDC holders. #botsarefixed - thanks Elmo!

@circle cares so much about their customers obvs. #FutureOfFinance!
ImageImage
Seems also worth putting this here. Wonder if $SIVB or $SBNY have any loan exposure to $USDC...
Read 5 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Mar 11
🚨Ω🚨
$USDC trading between $0.88 and $0.95 on exchanges like #Kraken, #ByBit, #Gemini, et al. (it doesn't trade on #Coinbase who have merged USD and USDC)

USDC redemptions closed til Monday.

Yr money is trapped in a burning building anon.

To the rekt & those about to rek: 🫡
sound: ON 👆
Read 4 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Mar 4
🧵1/Ω
ELI5: Why did #SilvergateBank / $SI just implode?

I realize some people may be wondering WTF just happened so here's the unannotated short version...

The story begins when $SI, a small regional bank, decided to go full crypto.
🧵2/Ω
A bunch of crypto companies used $SI to hold user deposits, stablecoin backing, etc - $USD cash. As it got more crypto customers it grew - $SI went from being a small bank to a medium bank, holding IIRC ~$15 billion in customer deposits.
🧵3/Ω
Since it had all this cash around $SI execs decided to invest it in a very safe asset: US Treasury bills. Basically they loaned the government of the United States money in exchange for interest plus guarantee of getting it back in N years.
Read 30 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Mar 3
🚨Ω🚨
The joke called $RIOT Blockchain is out here triumphantly announcing an amazing year despite the fact that:

1. they also filed a notice w/SEC that these numbers are wrong and they're refiling back to 2020.

2. they net LOST $509 million on $259mm revenue 🤦‍♀️

#whatajoke
You can find this document along with other made up numbers $RIOT filed with the #SEC here 👇
riotplatforms.com/investors/sec-…
The joke is even more of a $RIOT when you realize that #RiotBlockchain **already** had to amend their 2021 numbers with the SEC because they "forgot" about all the money they spent acquiring a couple of 9 figure businesses. see where it says "amendment" on SEC page:

Ω👇Ω
Read 4 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Mar 1
🚨Ω🚨
Kraken is halting its use of $SBNY for some "key transactions"
$SBNY's annual SEC/FDIC filing is due today... hasn't been filed yet, nor has an extension.

🚩? Image
$SBNY testing 2 year lows... Image
Read 7 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Mar 1
👏 @WhatBitcoinDid calling out @Sonnenshein, #Grayscale, @DCGco, and #EmperorShillbertine for the frauds they are. Recall they used #GeminiEarn customer money to pay themselves and prop up their fraudcoins like $GBTC...

Ω👇Ω
@WhatBitcoinDid @Sonnenshein @DCGco For context, this is where the #GeminiEarn money went:
Remember the prophecy folks... Image
Read 5 tweets

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