{"id":479205,"date":"2022-07-29T23:00:00","date_gmt":"2022-07-29T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-biz-elon-musk-the-ultimate-crypto-tourist\/"},"modified":"2022-07-29T23:00:00","modified_gmt":"2022-07-29T20:00:00","slug":"crypto-biz-elon-musk-the-ultimate-crypto-tourist","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-biz-elon-musk-the-ultimate-crypto-tourist\/","title":{"rendered":"# Crypto Biz: Elon Musk: The ultimate crypto tourist"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a405e76a4d66\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a405e76a4d66\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-elon-musk-the-ultimate-crypto-tourist\/#%E2%80%9D_Crypto_Biz_Elon_Musk_The_ultimate_crypto_tourist_%E2%80%9C\" >&#8221; Crypto Biz: Elon Musk: The ultimate crypto tourist &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-elon-musk-the-ultimate-crypto-tourist\/#Tesla_reports_64M_profit_from_Bitcoin_sale\" >Tesla reports $64M profit from Bitcoin sale<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-elon-musk-the-ultimate-crypto-tourist\/#KuCoin_CEO_Johnny_Lyu_launches_%E2%80%98Anti-FUD_Fund\" >KuCoin CEO Johnny Lyu launches \u2018Anti-FUD Fund\u2019<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-elon-musk-the-ultimate-crypto-tourist\/#Cathie_Wood_sells_Coinbase_shares_amid_insider_trading_allegations\" >Cathie Wood sells Coinbase shares amid insider trading allegations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-elon-musk-the-ultimate-crypto-tourist\/#3AC_A_10B_hedge_fund_gone_bust_with_founders_on_the_run\" >3AC: A $10B hedge fund gone bust with founders on the run<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-elon-musk-the-ultimate-crypto-tourist\/#Dont_miss_it_Why_does_the_FOMC_meeting_matter_for_crypto\" >Don\u2019t miss it! Why does the FOMC meeting matter for crypto?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_Biz_Elon_Musk_The_ultimate_crypto_tourist_%E2%80%9C\"><\/span>&#8221; Crypto Biz: Elon Musk: The ultimate crypto tourist &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvOWYzYzA2MDQtZTVhOC00MWNlLThhMjUtZDZlM2Q5YThjYzM2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>Elon Musk\u2019s Tesla proved to be the ultimate paper hands after the electric vehicle maker sold 75% of its Bitcoin (BTC) holdings in the second quarter. I say, good riddance. The cult of personality isn\u2019t good for Bitcoin, and neither is a technologist who treats the asset as his plaything. As far as we are aware, Musk hasn\u2019t sold any of his personal Bitcoin stash and Tesla still has an estimated 10,800 BTC on its books. Still, the less we have to hear about Musk and Bitcoin, the better.\u00a0<\/p>\n<p>In this week\u2019s Crypto Biz, we chronicle Tesla\u2019s sale of BTC, KuCoin\u2019s fight against fake <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> and Cathie Wood\u2019s sale of Coinbase stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tesla_reports_64M_profit_from_Bitcoin_sale\"><\/span>Tesla reports $64M profit from Bitcoin sale<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Tesla\u2019s decision to sell most of its Bitcoin wasn\u2019t as boneheaded as it <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared at first. The company scored a $64 million profit in the exchange. Aside from selling emission credits, the electric vehicle maker has routinely struggled to turn a profit over the years. In a form 10-K filing with the United States Securities and Exchange Commission (SEC), Tesla disclosed that it may \u201cincrease or decrease\u201d its holdings of digital assets over time. Cynical prediction: ESG FUD will probably be the reason Tesla gets rid of its remaining holdings over time. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"KuCoin_CEO_Johnny_Lyu_launches_%E2%80%98Anti-FUD_Fund\"><\/span>KuCoin CEO Johnny Lyu launches \u2018Anti-FUD Fund\u2019<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Crypto exchange KuCoin has been at the receiving end of a nasty smear campaign from a self-styled whistleblower tweeting about the company\u2019s alleged insolvency. KuCoin CEO Johnny Lyu has not only refuted claims that his company was facing a liquidity crisis, but he has also launched an \u201cAnti-FUD Fund\u201d to track down and take legal action against so-called \u201cFUDers.\u201d The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account responsible for the misinformation appears to have been deleted.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">(1\/5) FUD benefits no one except the FUDers. It misleads investors and harms the industry\u2019s image and market confidence.<\/p>\n<p>To build a crypto space with less FUD, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/KuCoin?src=hash&amp;ref_src=twsrc%5Etfw\">#KuCoin<\/a> is going to launch an Anti-FUD Fund.<\/p>\n<p>Currently, the fund will mainly focus on&#8230;<\/p>\n<p>thread  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/dWA93nEmHz\">pic.twitter.com\/dWA93nEmHz<\/a><\/p>\n<p>\u2014 Johnny_KuCoin (@lyu_johnny) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lyu_johnny\/status\/1551901831672262658?ref_src=twsrc%5Etfw\">July 26, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cathie_Wood_sells_Coinbase_shares_amid_insider_trading_allegations\"><\/span>Cathie Wood sells Coinbase shares amid insider trading allegations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Cathie Wood\u2019s ARK Investment Management appears to be distancing itself from Coinbase amid allegations that the cryptocurrency exchange was involved in insider trading. After holding nearly $9 million in COIN stock as of late June, ARK offloaded more than 1.4 million shares over the next month. According to Bloomberg, Coinbase is being investigated by the SEC over its potential involvement in an ex-product manager\u2019s insider trading scheme. Separately, and on an unrelated note, Coinbase is also being probed for allegedly selling unregistered securities<strong>. <\/strong>In the meantime, you won\u2019t believe how badly COIN stock is down.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3AC_A_10B_hedge_fund_gone_bust_with_founders_on_the_run\"><\/span>3AC: A $10B hedge fund gone bust with founders on the run<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>We\u2019ve spent the past few months talking about the Three Arrows Capital debacle. The firm that also went by 3AC was revered for its investments, trading prowess and insights. The cult of personality surrounding its founders created an image of a company that could do no wrong. Then, it all came crashing down. As we wait for documentarians to make a movie about 3AC\u2019s downfall, Cointelegraph has put together a lengthy expose about the whole ordeal. I\u2019m talking timelines, analysis and information on who owes what to whom. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I&#8217;ve just seen the list of creditors to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/3AC?src=hash&amp;ref_src=twsrc%5Etfw\">#3AC<\/a> and noticed that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/zhusu?ref_src=twsrc%5Etfw\">@zhusu<\/a> has filed a claim for $5 million. While being on the run, he has somehow found the time to diligently and ruthlessly fill out forms to pursue a claim against his own Fund. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/YFfWmYZOoM\">https:\/\/t.co\/YFfWmYZOoM<\/a><\/p>\n<p>\u2014 Soldman Gachs \u2310\u25e8-\u25e8 (@DrSold<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/anime-manga\/\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Anime || Manga\" target=\"_blank\" rel=\"noopener\">manGa<\/a>chs) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DrSoldmanGachs\/status\/1548922054975848448?ref_src=twsrc%5Etfw\">July 18, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dont_miss_it_Why_does_the_FOMC_meeting_matter_for_crypto\"><\/span>Don\u2019t miss it! Why does the FOMC meeting matter for crypto?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Have you been wondering why investors keep talking about the \u201cFOMC?\u201d Why are crypto people suddenly so enamored with this four-letter acronym? In this week\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=vjl6wuDknBU\">Market Report<\/a>,<strong> <\/strong>I break down exactly what the FOMC is and why investors need to monitor it. Consider it a crash course on the most powerful organization in the world (yes, really). You can watch the full replay below. <\/p>\n<p><iframe loading=\"lazy\" title=\"Why does the FOMC meeting matter for crypto?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/vjl6wuDknBU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Crypto Biz is your weekly pulse of the business behind blockchain and crypto delivered directly to your inbox every Thursday.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-biz-elon-musk-the-ultimate-crypto-tourist\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto Biz: Elon Musk: The ultimate crypto tourist &#8220; Elon Musk\u2019s Tesla proved to be the ultimate paper hands after the electric vehicle maker sold 75% of its Bitcoin (BTC) holdings in the second quarter. I say, good riddance. The cult of personality isn\u2019t good for Bitcoin, and neither is a technologist who treats&#8230;<\/p>\n","protected":false},"author":1,"featured_media":479206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvOWYzYzA2MDQtZTVhOC00MWNlLThhMjUtZDZlM2Q5YThjYzM2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74956,74860,77475,117,39394,70550,70359,36402],"class_list":["post-479205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-coinbase","tag-cryptocurrency-exchange","tag-kucoin","tag-business","tag-elon-musk","tag-federal-reserve","tag-stocks","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/479205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=479205"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/479205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/479206"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=479205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=479205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=479205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}