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Not bad, not bad $BTC 

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#JPMorgan JPMorgan Chase is accused of manipulating financial reports to understate capital reserves. A former JPMorgan Chase employee is accusing America’s largest lender of systematically misreporting key indicators that the Federal Reserve uses to determine the amount of capital reserves that banks must maintain. According to a report by the International Consortium of Investigative Journalists (ICIJ), a former JPMorgan Chase employee-turned-whistleblower alleges the bank has understated complexity indicators to its capital reserves level since 2016. The complexity indicators, which include the total value of the underlying assets of a bank’s derivatives, the securities available for sale and trading as well as the illiquid and hard-to-value assets, are used by the Federal Reserve to gauge the risk posed to the global financial system by the top-eight largest US lenders. The indicators are essential in the Fed’s calculations to determine the extra capital that each of the large banks must hold over and above the minimum stipulated to provide a buffer in the event of financial shocks. According to the ICIJ report, the issue of misreporting complexity indicators was raised within JPMorgan Chase in 2018 but the whistleblower and others were retaliated against and fired four years later. Several whistleblower complaints were also filed with the U.S. Securities and Exchange Commission (SEC) and the Federal Reserve in 2022, per the report. Citing a source in the banking industry, the report says the Federal Reserve allowed JPMorgan Chase and other big US lenders to continue the practice that’s prohibited not just by the Fed but also globally. The ICIJ report quotes US Senator Elizabeth Warren saying: “Inconsistent and lax bank supervision has crashed our economy before. [Fed Chair Jerome] Powell owes the American people an explanation for allowing CEOs to manipulate their financial reports so they can pay themselves and their wealthy investors more in executive compensation and buybacks.” More interesting news — subscribe

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#TrendingTopic $RUNE Rune Price Drops as Thorchain Suspends Services for 90 Days to Address Financial Issues Cross-chain exchange protocol THORChain has suspended THORFi services due to financial uncertainty surrounding insolvency allegations. ThorChain founder J.P. Thorbjornsen and the development team have decided to suspend THORFi services as part of a 90-day “restructuring” plan to alleviate problems with its Savings and Lending programs, which appear to have accumulated a lot of non-performing debt. ThorChain is a decentralized liquidity protocol that facilitates cross-chain asset exchanges while eliminating the need for wrapped tokens or centralized exchanges. The platform allows traders to exchange native assets such as Bitcoin, Ethereum, and more directly on one platform, using the native RUNE token to facilitate transactions and secure liquidity pools. Why THORChain Suspended THORFi Services While trading features such as swaps remain available to users, lending operations within THORFi have been suspended. The suspension of lending is an active attempt to prevent a mass exit that could spell the platform’s demise. Haseeb Qureshi, managing partner at Dragonfly, likened the situation to a “bankruptcy freeze,” highlighting the severe liquidity crisis. As a result, there are now concerns about THORChain's ability to help lenders in the event of large-scale repayments due to the lack of Bitcoin reserves in THORFi's lending pools. The 90-day restructuring initiative was implemented through validator nodes, and in response, the price of RUNE has fallen by more than 30% in the last 24 hours. RUNE's Market Value Is Under Threat The market price of RUNE has dropped for many reasons, but the latest one is the decision by THORChain management to suspend lending operations. More interesting news — subscribe • I will be grateful for tips

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#ETFvsBTC Bitcoin Becomes a Key Asset: A New Surge in Cryptocurrency Growth Cryptocurrencies are once again in the spotlight. Bitcoin, as digital "gold," continues to strengthen its position, but the real focus is now shifting to altcoins, which hold massive growth potential. 🔥Massive ETF Applications for Altcoins! Institutional investors are actively submitting applications to launch ETFs for cryptocurrencies such as Solana (SOL), Dogecoin (DOGE), XRP, Polkadot (DOT), Litecoin (LTC), Chainlink (LINK), and Hedera (HBAR). Approval of these ETFs by the U.S. Securities and Exchange Commission (SEC) could open the market to billions of dollars in new investments. ❗Regulation Gains Momentum The cryptocurrency market is just beginning to undergo regulatory changes, paving the way for major players to enter. This influx of capital is expected to trigger a wave of altcoin growth that could even surpass the effects of Federal Reserve money printing. 📈 New Liquidity – New Opportunities With upcoming ETF approvals, new liquidity will enter the market, strengthening its position and attracting even more investors. While not all assets will experience growth, those approved by the SEC have a strong chance of achieving record highs. Cryptocurrencies are no longer just a tool for enthusiasts – they are becoming a cornerstone of the global financial system. Now is the time to pay attention to altcoins – the market is on the brink of major transformations. More interesting news — subscribe • I will be grateful for tips $BTC

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#TrendingTopic #WIF "Why Bitcoin Profits Won't Flow Back into Altcoins: A Pro Trader's Surprising Take" A top crypto strategist says money invested in Bitcoin (BTC) is unlikely to rotate into the altcoin market at levels seen in previous cycles for one key reason. Pseudonymous analyst The Flow Horse tells his 259,500 followers on the social media platform X that many Bitcoin investors who are now contributing to its strong performance are unlikely to move profits into alts. He says Michael Saylor’s MicroStrategy massive purchases of Bitcoin and those investing in Bitcoin spot exchange-traded funds (ETFs) are major bullish catalysts for the flagship crypto this cycle. However, he believes these entities are not going to rotate their profits into alts. “The money that bought and is responsible for moving Bitcoin is fragmented away from this market. It’s ETFs and Saylor. Most people here jumped into alts thinking this flow would follow, meanwhile it is on IBKR (electronic trading firm Interactive Brokers) and ThinkorSwim [trading platform]. Market structure has changed, adapt or die.” He previously said that another reason there won’t be an altseason when altcoins outperform Bitcoin is because there are now more digital assets than prior cycles and not enough liquidity to go around. “The idea of altseason is just like these rotations that are happening and they’ll get more concentrated. But a rising tide just isn’t happening. It’s just not happening. There’s too much garbage and there’s not enough money to go around to lift it.” The analyst keeps an eye on the Bitcoin dominance (BTC.D) chart, which currently sits at 59.88%. Traders use BTC.D to track if altcoins are outperforming Bitcoin as the metric calculates how much of the crypto market cap belongs to BTC. Lastly, the trader suggests that dogwifhat (WIF) may be gearing up for a breakout after a severe correction, dropping below $1. “To be honest, if there was a place to take a shot at WIF it is probably around here. Study retracements to Binance spot listing prices.”

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#scamriskwarning French Authorities Rescue Ledger Co-Founder and His Wife After Both Were Kidnapped for Crypto Ransom French authorities have reportedly rescued the co-founder of hardware wallet firm Ledger and his wife after they were kidnapped and held for ransom. According to a new article by The New York Times, Dave Balland and his wife were abducted from their home in France earlier this week by bad actors who then contacted another founder of the company and demanded a large amount of crypto for their release. The report says that Balland was found and released by police on Wednesday about 30 miles away from his home while his wife was found 80 miles away tied up in a car a day later. His wife was unharmed but Balland had to be hospitalized due to his hand being mutilated by the kidnappers – a photo of which was used to pressure Ledger into paying the ransom. In the report, Paris prosecutor Laure Beccuau said that during the negotiations, some of the ransom was paid but that the assets were tracked, frozen and seized. As stated by Ledger CEO Pascal Gauthier on the social media platform X, “We are deeply relieved that David and his wife have been released, and are now safe. I have reached out to David, and our thoughts continue to be with him, his family, and the members of our team that worked with David while he was at Ledger. We’re grateful to law enforcement for their swift action. Our top priority was always to allow law enforcement to do their jobs and protect the integrity of the investigation.” Nine men and one woman, aged between 20 and 40, were arrested and questioned about the kidnapping, though no other details about the suspects were released. In the report, Beccaua says that the crimes of kidnapping, torture and armed extortion carry potential life sentences. More interesting news — subscribe • I will be grateful for tips $USDC

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