Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Thursday, October 26th, and today we are talking about crypto- Twitter

versus the Wall Street Journal. Before we get into that, however, if you are enjoying the

breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive

deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go

to bit.ly slash breakdown pod. Well, friends, if you have been anywhere near crypto Twitter for the last

couple days, you know that there is a war going on. It is a proxy battle of our ongoing war with the

Elizabeth Warren faction and Operation Chokepoint 2.0 that is specifically focused now on the

Wall Street Journal. Now, the leader of our faction in this battle has been Nick Carter. Yesterday on

October 25th, Nick did a quick recap of the situation which we'll use to start before we

broaden things out. Nick writes, so just to recap, Wall Street journalist Angus Burwick and

Ian Talley write a flurry of

articles citing elliptic data claiming that P.I.J, a Hamas, raised 93 million in crypto, and cites

Bit OK claiming Hamas raised 41 million. Senator Warren uses this article to claim Hamas raised over

130 million in crypto. This article is her sole citation in her letter. The entire letter

depends on the Wall Street Journal article. Over 100 members of Congress sign the letter,

which asks for the Biden administration to further crack down on crypto. Chainalysis comes out

with an article disputing the WSJ claims, saying that instead of 82 million of terror financing,

the real figure is around 450K.

It's unclear which wallets they are referring to. Either way, it looks like the Wall Street

Journal analysis is vastly overstated. WSJ refuses to follow up or retract, instead writing more

...