TFTC

Selling bitcoin to cover expenses is a losing trade. @AvenCard gives you a better option. Borrow against your stack instead. Up to $1M, rates starting at 8.99%, no rehypothecation. 2% unlimited cash back. tftc.io/bitcoin-visa-card-av…

"the period known as the Great Compression, where you could literally have a one income family," @honestpollster on why the Great Compression is not coming back with trickle down.

Who appointed MSCI the judge of what counts as an operating business? On Oct 15, MSCI ruled that non-operating companies are ineligible for its Global Investable Market Indexes. The rule applies from the November 2026 review, with changes effective at the close of Nov 30.

Nvidia's board is preparing to oust CEO Jensen Huang, the WSJ reports, citing people familiar, and could meet as soon as today. Three days ago that same board said it had confidence in him. So what changed? • Nov 8: the board opened an independent investigation, with outside counsel, into whether Huang was targeted by a foreign intelligence effort • Huang told employees he was "unfaithful" to his wife and acknowledged an affair with Alice Huang, a former Megaspeed executive suspected of being a Chinese spy • The board said it had "no reason to believe" national security or NVIDIA secrets were compromised • The NYT, citing five people, reports a separate relationship with an Nvidia executive who reports to him • The House Select Committee on China asked Huang for a closed-door briefing on Nov 18 • A spokesperson said Jensen "is committed to continuing to lead NVIDIA as CEO without interruption" before the WSJ report came out Nvidia has no board chair, and Huang is one of the 11 directors. The man at the center of the investigation is also a member of the board that oversees him. When a company this central to the AI buildout runs like that, who exactly is the board answering to?

Stablecoin supply shrank by $14.2 billion in 30 days, the largest contraction since the 2022 bear market, according to Glassnode. To be fair, the June 2022 drop was nearly $30 billion, about twice as big. But less dollar liquidity on these rails means less fresh buying power.

"it was literally the only plausible scenario that we could ever come up with where Republicans supported austerity and where the American people were clamoring for it." @honestpollster on how DOGE was the one real shot at fiscal reform.

The Netherlands is moving to tax the wealthy harder. Two coalition parties, D66 and CDA, struck a deal with opposition parties to raise Box 3 taxes on wealthier people and cut income tax for workers by the same amount. The VVD is wavering. Who decides where "wealthy" starts?

"what we have is a stealth depression among most Americans in the United States" @honestpollster on a stealth depression and the path to unrest.

Israel Discount Bank will let customers buy, hold and sell bitcoin and ether in its mobile app starting November 26, Globes reports. Israel's largest bank, Leumi, announced its own crypto partnership with Galaxy back in August, so who gets to say "first" depends on who ships. • No separate wallet needed, it all sits in the bank app • The crypto is held alongside stocks and bonds • Sale proceeds go straight into the bank account • Gains and losses can be offset against the rest of the portfolio for tax purposes • Limited to private customers 18 and over with securities trading enabled • The Jerusalem Post adds a six-month waiver of account management fees • Leumi's Galaxy partnership covers bitcoin, ether and Solana, with launch expected in early 2027 Give it its due, this is a mainstream bank treating bitcoin like any other asset in the portfolio, and that's a real step for Israeli savers. If banks are racing to offer it, doesn't that tell you what customers are asking for? Always remember, you don't own the bitcoin unless you control the keys.

"you have the group of pollsters who I was affiliated with, who I believe were taking political action committee money from the Trump administration to suppress criticism of Trump" @honestpollster on pollsters allegedly paid to stay quiet on Trump.

USDA's own analysis says about 6.3 million people would lose SNAP under a rule it proposed Nov 10, and federal spending would fall about $44.65 billion over five years. So who is actually being cut, and who picks up the bill? • About 3.2 million households would no longer qualify once the rule is fully in effect in fiscal 2029 • Automatic eligibility would be limited to households getting TANF assistance, ending the use of "non-cash or in-kind benefits or services" • About 1.78 million children would lose automatic eligibility for free school meals, but about 97% would still qualify based on household income • Of those children, about 1.66 million would still get free meals, 93,000 would move to reduced price and 28,000 would pay full price • Over the same period, states' net SNAP spending would fall about $5.24 billion, while their administrative costs would rise about $928.5 million Today a state can qualify a household automatically through a TANF-funded benefit, often just a pamphlet or a hotline referral, which skips the federal income and asset limits. USDA wants to close that door and call it savings. Nothing changes until the rule is finalized, but if you're a family near the income line, we should all be watching this closely.

White House counsel Will Scharf wrote to Rep. Robert Garcia that planned Democratic probes of the administration "may cross the line into blatant criminality." The Washington Times reports the letter suggests the White House could investigate lawmakers who issue subpoenas.

MARA borrowed against its bitcoin in August and has now sold 13,597 BTC, about 40% of its stack, and repaid both loans in full. That is roughly $1.1B of bitcoin from one of the biggest public holders, sold in the weeks after quarter end. Why did a miner sitting on $2.8B of coins unload so much so fast? The 10-Q has the numbers. • MARA held 34,012 BTC on Sept 30, worth about $2.8B • It sold 13,597 BTC for about $1.1B, an average of roughly $81,039 per coin • $750M of the proceeds repaid the Coinbase and Two Prime loans, both entered into in August 2026 • All pledged bitcoin was released on repayment, including 17,477 BTC that secured the loans The miner comes out with the loans cleared, but it sold a huge chunk of its bitcoin along the way. Borrowing against your coins puts a lender between you and your stack, and that goes for a public company as much as anyone. Always remember, you don't own the bitcoin unless you control the keys.

TFTC 809 w/ @honestpollster: "The president's out there banging on about election fraud, when his own pollster told him it was going to be a blue wave." We discuss: ⚡ The USS Trump-tanic ⚡ Who ran the White House ⚡ America's stealth depression

Russia is opening bitcoin to regular citizens, with a leash. Retail buyers get 300,000 rubles a year, about $3,700, per intermediary, and only three coins. Why only three coins, and who gets the rest? • Ordinance No. 7441-U, published by the Bank of Russia on Nov 6, takes effect Nov 17 • Exchanges can start crypto trading from Nov 22, once the Bank of Russia approves their trading rules • Non-qualified investors can buy only bitcoin, Ether and USDT, picked on market cap, daily volume and five years of price history on foreign exchanges • Qualified investors face no cap and can buy any crypto asset • Everyone has to pass a knowledge test and acknowledge the risks first Credit where it's due, a central bank that treated this stuff as hostile not long ago now lets people buy bitcoin through licensed intermediaries. With that being said, it's the Bank of Russia deciding which coins you can touch and how much of your own money you can put in, while the bigger players get a free pass. Always remember, you don't own the bitcoin unless you control the keys.

Bitcoin is now on by default at Square checkouts across the U.S. Sellers don't have to apply. Square switched it on for every eligible business, whether the owner has ever thought about bitcoin or not. The customer scans a QR code with any Lightning wallet and the payment settles in seconds. The seller gets dollars by default or can choose to keep the bitcoin, and there are no chargebacks. Sellers can also auto-convert up to 50% of their daily card sales into bitcoin. The limits: $600 max per payment, $20,000 a day, and sellers in New York are left out. The fee is 0% through Dec. 31, then a flat 1%. A card tap on Square's free plan costs the merchant 2.6% plus 15 cents.

James Talarico drew about 5.44 million votes in Texas’s Senate race. That would be the most votes any Democrat has ever received statewide in Texas, topping Joe Biden’s 5.26 million in 2020.

A Homeland Security agent in St. Paul sent YouTube a subpoena on April 3 for the accounts of six news outlets and journalists, including Don Lemon, Georgia Fort and Megyn Kelly. A Google spokesperson says Google did not comply.