Postwar plans being drawn up by Trump's administration will reportedly see the US offer Palestinians digital tokens in exchange for "voluntarily" leaving their land in Gaza.
The so-called "GREAT Trust Proposal" would see land redeveloped... 🧵
Redevelopment plans include 6 to 8 "AI-powered, smart cities," an "Elon Musk Smart Manufacturing Zone," and "Trump Riviera."
Those who agree to trade their land for tokens will be allowed to return to Gaza 10 years later, once redevelopment is done.
The trust estimates it would save $23K per person that would otherwise be spent on temporary housing for those choosing to stay in Gaza.
It's also willing to "permanently relocate" Gazan families & will offer them 4 years of subsidized rent and "packages" worth ~ $55K each.
By year 10, the trust estimates that roughly 500K people will have left Gaza as part of this scheme.
Token aspect involves 5 stages that would create a blockchain-based Gaza land registry, sell & distribute tokens to investors, and eventually see tokenized rights to Gazan land
The @washingtonpost obtained plans of the proposed scheme and noted that the trust was developed by the Israeli-backed Gaza Humanitarian Foundation ⤵️
The crypto treasury bubble has burst, and now analysts are digging through SEC filings to find eye-popping fees that investors ignored when bidding stocks up to 23x mNAV.
These companies will be quietly paying advisors and asset managers lavish packages for up to 20 years… 🧵
The largest Solana treasury company, Upexi, owes a 1.75% annual fee on its holdings for 20 years.
It traded at 10.4x mNAV in April but has collapsed to less than 1x its $381 million $SOL holdings.
Annual fees of up to 2% plus equity compensation can exceed 5% of the company.
Upexi invented its own “fully-loaded mNAV” definition to boost its basic 0.94x mNAV to a better-sounding 1.8x.
⚠️ Even that redefined multiplier is still 80% below its April 21 high.
When your math doesn’t work, just change the math apparently.
AI is weaponizing crypto scams. From deepfake calls to AI-generated wallet drainers downloaded 1,500+ times, scammers are using the same tools we celebrate to rob us blind.
This is getting scary... 🧵
Real case: DeFi dev's friend lost $2M to a deepfake audio call impersonating a blockchain founder.
The fake "Paul Faecks" pitched an advisor role, then got the victim to open a file that stole passwords and private keys.
Trust nobody.
Scammers use AI to write wallet drainers disguised as legitimate NPM packages.
⚠️ One supposed patch-manager included an "ENHANCED STEALTH WALLET DRAINER" (subtle!), and was downloaded 1,500+ times before being caught.
A Bank of International Settlements study warns that a bank run on a major stablecoin issuer could cause "potential fire sales" in short-dated US Treasuries.
Stablecoin issuers' pricing impact on the world's largest bond market is "already measurable" and growing... 🧵
The $268 billion stablecoin market is tiny compared to $29 trillion in outstanding US Treasuries, but researchers found asymmetric effects: outflows from stablecoins raise three-month Treasury yields "two to three times as much as inflows lower them."
Under normal conditions, stablecoins impact Treasury pricing by just 2-2.5 basis points (less than 0.03%).
But researchers warn this could rise "non-linearly" - meaning parabolically - during a bank run scenario on giants like Tether or Circle.
Ripple launched the $XRP Ledger in June 2012 and lost all data by New Year's Eve due to a bug that caused ledger headers not to be saved.
All servers running at the time had the same bug, according to founder @JoelKatz.
Here's what happened... 🧵
The first verifiable ledger is 32,570 on January 1, 2013, which founders relabeled as the "Genesis ledger."
Without the missing headers, the public cannot reconstruct 534 transactions from those early ledgers, including the most important ones in XRP's history.
Those lost transactions include the $XRP pre-mine: founders created 100 billion coins by fiat, allocated 80% to Ripple companies and kept 20% for themselves.
All XRP users today must trust statements from people who operated the network in 2012 about these massive allocations.