A leaked proposal to tokenize land in Gaza and sell it via blockchain platforms has sparked global outrage. Backed by the Tony Blair Institute and Boston Consulting Group, the plan included paying Palestinians to leave and rebuilding the region with Trump- and Musk-themed developments. Critics described it as grotesque and evil. The mechanism mirrored traditional asset trusts—titles go into a vehicle, shares get tokenized—but the moral implications of privatizing post-conflict land in a war-torn region went far deeper. This is imperial control disguised as innovation. And it stinks.
Across the globe, over 40 firms are now chasing Hong Kong's new stablecoin licenses, hoping to secure a foothold in the emerging digital debt arena. Most applicants are major Chinese banks, tech giants, or payment firms. Only three have entered the regulatory sandbox so far, suggesting that approvals will be sparse. Despite the clamor, the Hong Kong Monetary Authority remains cautious, echoing global skepticism over stablecoins’ role in long-term monetary policy. I doubt this leads to financial freedom but it does enable new forms of debt monetization, flooding the poorest countries with more worthlessness disguised as digital progress.
In the U.S., the long legal battle over Tornado Cash took another turn as Coin Center’s appeal against OFAC sanctions was dismissed. Although Tornado Cash has been removed from the sanctions list, its developers still face criminal charges. Roman Storm heads to trial, Roman Semenov remains at large, and the Southern District of New York won’t back down. It's like digital rubbleization—crippling an entire sector while still punishing the engineers left behind. The lesson? Even when the government walks back its overreach, the wreckage remains, and someone still gets nailed to the wall.
MetaPlanet, meanwhile, enters phase two of its Bitcoin treasury evolution. With over 15,000 BTC and plans to acquire 1% of the total supply, the Tokyo-based firm now aims to use its stack as collateral to buy real-world businesses—possibly including a bank. CEO Simon G. laid out a vision to self-finance growth, skip convertible debt, and operate without permission. I see it as a metamorphosis moment: the firm is vulnerable now but could emerge fully sovereign. If they succeed in buying a bank, they might never need outside financing again. That would mark a true escape velocity.
European institutions are following suit. BBVA, Spain’s largest bank, has launched self-custodied Bitcoin trading for retail clients through its mobile app. Meanwhile, German firm Nakiki SE is planning to become the country’s first publicly traded company with a pure Bitcoin treasury strategy. While Nakiki hasn’t yet made its initial purchase, the intention signals growing momentum. Bennett cautions that talk is cheap, but movement like BBVA’s—where the bank holds its own keys—could mark a shift toward institutional self-sovereignty. The Bitcoin treasury movement isn’t just expanding. It’s mutating. And as of now, the metamorphosis is just beginning.
Today's Articles:
https://decrypt.co/329005/evil-proposal-sell-gaza-land-via-crypto-tokens-backlash
https://bitcoinmagazine.com/news/u-s-court-brings-coin-centers-tornado-cash-appeal-to-a-close
https://atlas21.com/ego-death-capital-raises-100-million-to-fund-bitcoin-startups/
https://cointelegraph.com/news/metaplanet-bitcoin-digital-bank-acquisition-strategy
https://atlas21.com/bbva-launches-bitcoin-and-ether-trading-for-retail-clients/
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