JUST IN: 🇺🇸 US Senator Cynthia Lummis says she is concerned by the Biden administration's attack on Bitcoin and decentralized finance.

"I will do everything I can to fight for your rights to hold your own keys and run your own node."

@WatcherGuru

The EU is demonizing essential privacy tools like VPNs, Signal, TOR, & encrypted email services like Tutanota & ProtonMail. They also plan to monitor cryptocurrency use, so public chain users should be aware!

https://twitter.com/CryptoTweetie/status/1785090598027895058

Currency against US Dollar, past year.

🇯🇵 Japan: -15.6%
🇮🇩 Indonesia: -10.6%
🇹🇭 Thailand: -9.2%
🇲🇾 Malaysia: -6.8%
🇹🇼 Taiwan: -6.1%
🇨🇳 China: -4.5%
🇵🇭 Philippines: -4.5%
🇰🇷 South Korea: -3.3%
🇸🇬 Singapore: -2.3%
🇮🇳 India: -2.1%

@FinancialWorldUpdates

🇨🇳 🇺🇸 🌍China pursuing a secure geoeconomic sphere:

🔶️ "China’s pursuit of an alternative trade system is primarily motivated by geopolitical factors, notably in response to U.S. initiatives aimed at excluding China from global supply chains."

🔶️ "Additionally, the U.S.-China trade war and efforts to “decouple” from China, along with initiatives to address excess capacity and unfair trade practices, underscore the necessity for China to construct alternative avenues. In other words, China needs to find more stable source of supply of raw materials and explore new markets for its manufacturing products."

🔶️ "Traditionally, the Global South primarily exported raw materials to the West, and then used the foreign exchanges they earn this way to import manufactured goods from the West. However, the BRI aims to shift this dynamic, thus enabling Chinese firms to obtain raw materials, tap into new markets, and absorb surplus manufacturing capacities."

🔶️ "This envisioned a hub-and-spoke system with China as its center hub and the Global South countries as spokes leading to China."

🔶️ "A China-led alternative trade system would significantly realign supply chains away from the West, centralizing them around China. This shift would make China the primary destination of exports and source of imports for the Global South."

🔶️ "Moreover, it could erode U.S. dominance, enticing more countries to pivot toward China. This is confirmed by recently released studies by the Singapore-based Institute of Southeast Asian Studies, which shows Southeast Asian countries favoring China over the U.S. as the partner for the first time."

🔶️ "Additionally, such a system could signal a transition from the Washington Consensus to the Beijing Consensus, prioritizing state-led economic models over laissez-faire approaches. In the long run, this could mark the end to the Western model based on free trade and free markets, and in turn reshapes the global geopolitical landscape."

https://thediplomat.com/2024/04/chinas-alternative-global-trade-system

After Samurai, Wasabi Wallet leaving the space

After years of relentless dedication to improve Bitcoin’s privacy, zkSNACKs, the company pioneering the development of Wasabi Wallet, is shutting down its coinjoin coordination service, effective June 1st, 2024.

https://twitter.com/wasabiwallet/status/1786083838415769673

Today DropBox reported to the SEC that on April 24th, 2024, they detected unauthorized access to the DropBox Sign prod environment.

DropBox states an unknown Threat Actor(s) was able to access user e-mails, usernames, account settings, and in some scenarios hashed passwords, phone numbers, API keys, OAuth tokens, and MFA.

DropBox states there is no evidence the Threat Actor(s) accessed user contents or payment information. They state no other products owned by DropBox were compromised – only DropBox Sign was compromised.

They state an investigation is on-going and no specific Threat Actor(s) or group have been attributed to the attack.

More information: https://www.sec.gov/Archives/edgar/data/1467623/000146762324000024/dbx-20240429.htm

🚨M2 Money Supply has flipped positive.

https://twitter.com/thomas_fahrer/status/1786196603931644086