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Bitcoin falls to $61,000 as Hong Kong crypto ETFs fail to impress investors

Quartz

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Bitcoin continued to shed its value as Hong Kong’s Bitcoin and Ether ETFs failed to impress investors on their debut. Recently, six crypto-related ETFs were listed on the Hong Kong exchange. Bitcoin ETFs contributed $8.5 million in volume, while Ether ETFs brought in $2.5 million. As a comparison, the issuers…

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The Jews Aren’t Taking Away TikTok

The Atlantic

www.theatlantic.com › ideas › archive › 2024 › 04 › antisemitism-conspiracy-theories-tiktok › 678088

“The entire world knows exactly why the U.S. is trying to ban TikTok,” James Li declared on March 16 to his nearly 100,000 followers on the social-media platform. His video then cut to a subtitled clip of a Taiwanese speaker purportedly discussing how “TikTok inadvertently offended the Jewish people” by hosting pro-Palestinian content. “The power of the Jewish people in America is definitely more scary than Trump,” the speaker goes on. “They have created the options: either ban or sell to the Americans. In reality, it’s neither—it’s selling to a Jewish investment group.”

Li, who calls himself an “indie journalist” and subsequently posted another video blaming Israel for the assassination of President John F. Kennedy, got more than 160,000 views for his TikTok theory—and the video was one of the poorer-performing entries making similar claims on the platform.

What prompted this outburst? On March 13, Congress advanced a bill that would give TikTok’s Chinese parent company six months to sell it or be banned from American app stores. The legislation passed 352–65, with overwhelming bipartisan support, and the rational observer will have no trouble understanding why.

The United States has a long history of preventing foreign adversaries from controlling important communications infrastructure. Washington spent more than a decade, under Democratic and Republican presidents, leading a successful international campaign to block the Chinese telecom giant Huawei from Western markets. Donald Trump attempted to force a TikTok sale back in 2020. The reasons are straightforward: The app has access to the data of some 150 million American users—nearly half the population—but it is owned and controlled by the Chinese company ByteDance. Like all companies in the country, ByteDance is effectively under the thumb of the Chinese Communist Party, which regularly punishes and even disappears business leaders who displease it. A former ByteDance executive has said that the CCP had “supreme access” to the company’s data, and used the info to track protesters in Hong Kong, for example.

[Read: Beijing is ruining TikTok]

Recent polls show robust public support for TikTok’s ban or sale, and for years, Gallup has found that Americans see China as the country’s greatest enemy. In short, Congress has strong electoral and political incentives to act against TikTok. But spend some time on the platform itself, and you’ll discover a very different culprit behind all this: Jews.

“We were all thinking it: Israel is trying to buy TikTok,” the influencer Ian Carroll told his 1.5 million followers last month. The evidence: Steven Mnuchin, the former Trump Treasury secretary and Goldman Sachs executive, has sought investors to purchase the app. “He’s not Israel, right?” continued Carroll. “Well, let’s peel this onion back one layer at a time, starting with just the fact that he’s Jewish.”

Carroll’s TikTok bio says “do your own research,” and he certainly had research to share. “The censorship is not about China on TikTok,” he explained. Rather, “as a TikTok creator who gets censored all the frickin’ time, I can tell you that the things you get censored about are the CIA and Israel.” Carroll did not address why Israel would go through so much trouble to acquire TikTok if it already controlled the platform, or why the Semitic censors somehow missed his video and its more than 1 million views, not to mention the several similarly viral follow-ups he posted.

In truth, far from suppressing such content, TikTok’s algorithm happily promotes it. I purposely viewed the videos for this piece while logged out of the platform, and it nonetheless began suggesting to me more material along these lines through its sidebar recommendations.

Characteristic of anti-Semitic online discourse, these videos and others like them interchangeably reference individual American Jews, American Jewish organizations like the Anti-Defamation League, American pro-Israel lobbying groups like AIPAC, and the state of Israel, as though they are all part of one single-minded international conspiracy to take down TikTok. When a commenter asked Carroll to “look into universal studios pulling their music from TikTok,” a reference to the Universal Music conglomerate’s dispute with TikTok over royalties, Carroll replied, “Universal CEO is a Jewish man.”

“A foreign government is influencing the 2024 election,” the leftist podcaster and former Bernie Sanders Press Secretary Briahna Joy Gray declared on X in March. “I’m not talking about China, but Israel. In a leaked recording, ADL head Jonathan Greenblatt admitted that Israel had a ‘TikTok problem.’ Suddenly, a divided Congress agrees on one thing: A social media ban.” Greenblatt is an American Jew, the ADL is an American organization, the bill isn’t a ban, and the push for a forced sale predated the Gaza war, but other than that, Gray was on the money.

[Yair Rosenberg: Why Facebook and Twitter won’t ban antisemitism]

“Banning TikTok became a crucial emergency because what they saw was a bunch of young individuals, essentially people that are going to be the future leaders of America, who were not pro-Israel,” the far-right commentator Candace Owens claimed in March on her popular show at The Daily Wire. She then issued an implied threat: “If TikTok is in fact banned, there is no question that Israel will be blamed, AIPAC will be blamed, the ADL will be blamed, Jews are going to be blamed … You can see that sentiment building.” (Owens left The Daily Wire a week later following a string of anti-Semitic incidents, which included claims that Jews were doing “horrific things” and “controlling people with blackmail,” as well as her favoriting a social-media post that accused a rabbi of being “drunk on Christian blood.”)

At this point, it’s not uncommon to find videos about the TikTok legislation that do not even mention Jews or Israel—like this one with 1.5 million views—yet are flooded with hundreds of comments, garnering tens of thousands of likes, accusing “Zionists,” “Jews,” or AIPAC of being behind it, despite years of national-security reporting on concerns over the platform’s Chinese owners. That alleged Jewish malefactors are being assailed on TikTok even when they are not invoked explicitly in a video illustrates how widely the meme has spread.

Like many conspiracy theories, the notion that Jews are out to ban TikTok contains a grain of truth. Jewish and pro-Israel groups have raised concerns about TikTok’s failure to moderate anti-Semitic content for years, including when it pertains to Israel, but they have never called for the app to be shut down. After the TikTok sale legislation was proposed, the Jewish Federations of North America said it “appropriately balances free speech and individual rights with regulatory action” while asserting that “our community understands that social media is a major driver of the rise in antisemitism, and that TikTok is the worst offender by far.” (Presumably, the organization arrived at this conclusion by spending 10 minutes on the app.) Researchers have found that pro-Palestinian content dwarfs pro-Israel content on TikTok, likely reflecting the platform’s young and international demographic.

But no conspiracy theories or appeals to recent geopolitical developments are necessary to understand why U.S. politicians wouldn’t want one of the most-trafficked social-media networks in America to be run by Communist China via a black-box algorithm. Just this past December, researchers at Rutgers found that anti-China posts on topics like the Hong Kong protests or the regime’s brutal repression of Uyghur Muslims were dramatically underrepresented on TikTok compared with Instagram.

TikTok’s response to allegations that it could function as a foreign influence operation have not exactly allayed concerns. Shortly after the Rutgers study was published, the app restricted access to the tool used by academics to track its content. Last month, it sent multiple alerts to its American users falsely warning that Congress was about to ban TikTok and urging them to contact their representatives. In fact, the bill seeks to force a sale to new ownership, much as congressional scrutiny over data privacy led the dating app Grindr to be sold to non-Chinese owners in 2020.

Simply put, none of what is happening to the social-media platform is new. Neither is the tendency to blame Jews for the world’s problems—but that doesn’t make the impulse any less dangerous. Many understand anti-Semitism as a personal prejudice that singles out Jewish people for their difference, much like other minorities experience racism. But anti-Semitism also manifests as a conspiracy theory about how the world works, alleging that sinister string-pulling Jews are the source of social, political, and economic problems—and this is the sort of anti-Semitism that tends to get people killed.

[Yair Rosenberg: Why so many people still don’t understand anti-semitism]

Consider recent American history: In 2018, a far-right gunman who blamed Jews for mass immigration murdered 11 people in Pittsburgh’s Tree of Life synagogue. In 2019, assailants tied to the Black Hebrew Israelite movement attacked a kosher supermarket in Jersey City, killing three; one of the shooters had written on social media about Jews controlling the government. In 2022, an Islamic extremist took an entire congregation hostage in Colleyville, Texas, and demanded that a rabbi get a convict released from a nearby prison. These perpetrators—white supremacist, Black extremist, radical Islamist—had essentially nothing in common other than their belief that a Jewish cabal governed world affairs and was the cause of their problems.

The reality is the reverse: Jews constitute just 2 percent of the American population, and although they exercise influence like any other minority, they frequently disagree among themselves and do not dictate the destiny of the majority. Politicians voting against TikTok are pursuing their conception of the national interest, not being suborned to serve some nebulous Jewish interest. Remove the Jews from the equation, and the situation will be the same.

Conspiracy theorists typically claim to be combatting concealed power structures. But as in this case, their delusions make them unable to perceive the way power actually works. Thus, conspiratorial anti-Semitism hobbles its adherents, preventing them from rationally organizing to advance their own causes by distracting them with fantastical Jewish plots.

“Anti-Semitism isn’t just bigotry toward the Jewish community,” the Black civil-rights activist Eric Ward once told me. “It is actually utilizing bigotry toward the Jewish community in order to deconstruct democratic practices, and it does so by framing democracy as a conspiracy rather than a tool of empowerment or a functional tool of governance.”

Anti-Semitic conspiracy theories won’t safeguard TikTok from the bill that’s currently moving through the U.S. legislature. But the more people buy into them, the more they will imperil not only American Jews but American democracy as well.

Bitcoin is on a rollercoaster ride with the big 'halving' on the horizon

Quartz

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Bitcoin is going through a topsy-turvy phase as Bitcoin halving is on the horizon. The top cryptocurrency jumped yesterday after learning that Hong Kong had approved spot Bitcoin ETFs, but it fell again soon after. The cryptocurrency continued its decline on Tuesday morning with an over 4% drop in a day to less than…

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Stocks slide on Middle East tensions as hope crisis contained stems losses

Al Jazeera English

www.aljazeera.com › economy › 2024 › 4 › 15 › stocks-slide-on-middle-east-tensions-as-hope-crisis-contained-stems-losses

Stock markets in Australia, Japan, Hong Kong, Singapore and South Korea fall after Iran's attack on Israel.

Someone tried to smuggle $10 million worth of gold disguised as machine parts on a cargo plane

Quartz

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Customs officials in Hong Kong seized 146 kilograms of gold late last month, worth an estimated $10 million. They discovered the gold on a cargo plane scheduled to leave for Japan, and officials now say the value of the seizure makes it the biggest gold smuggling case in Hong Kong’s history. What makes this case…

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Beethoven’s Secret Code

The Atlantic

www.theatlantic.com › science › archive › 2024 › 04 › beethoven-code-dynamics-manuscript › 677964

In the spring of 1825, Ludwig van Beethoven was struck by a gut ailment so severe that he thought he might die. That summer, after he recovered, he returned to the string quartet he’d been writing before his illness—Quartet No. 15 in A Minor, Op. 132—and added a new segment inspired by his survival. To this day, the piece is known for the slowly unfolding, baffled joy of its third movement, where the music seems to trace the shuffling steps of an invalid breathing fresh air for the first time in weeks. Beethoven would call it Heiliger Dankgesang, a “holy song of thanksgiving.”

He wrote in the mornings when the light was good, on rag paper thick enough that he could scrape off mistakes with a knife. His handwriting was notoriously chaotic: He couldn’t draw a set of parallel lines if his life depended on it. The maestro is said to have used his pencil not only to write with, but also to feel the vibrations of his piano, pressing one end of the wooden rod to the instrument while holding the other end between his teeth. He was by now profoundly deaf; in less than two years, he would be dead.

Once he finished a composition, Beethoven would hand off the manuscript to a copyist, who’d write it all out again, this time legibly. After Beethoven corrected any mistakes the copyist made—berating the man the whole time—the score would go to a publishing house where, after more last-minute changes from the composer, an engraver would trace it, backwards, onto a copper sheet. From there, the score would be published and republished, appearing in largely the same form on music stands across the world even to this day.

But even discounting those final revisions, the Opus 132 that the world came to know was not exactly the Opus 132 that Beethoven handed to his copyist. The composer littered his original score with unusual markings that the copyist simply ignored. Below one staff, for example, Beethoven jotted “ffmo”—a tag that wasn't a standard part of musical notation, and wasn't used by any other major composer. In another place, he drew an odd shape like an elongated diamond, also a nonstandard notation. None of these marks made it into even the first clean copy, let alone the published version. Almost no one would see those marks in the roughly 200 years after Beethoven first scribbled them down.

Then, one evening in 2013, the violinist Nicholas Kitchen was in New Mexico coaching a quartet through Opus 132. Kitchen is a man of obsessions; one of them is playing from a composer’s original handwritten manuscripts, rather than printed music, so he had a facsimile edition on hand. The errant “ffmo” caught the eye of the quartet’s cellist. “What’s this?” she asked.

As soon as Kitchen saw Beethoven’s mark, something in his brain shifted; later, he would tell people that it was as if someone had turned over a deck of cards to reveal the hidden faces behind the plain backs. Suddenly, he had a new obsession. Over the next several years, he would come to believe he had discovered Beethoven’s secret code.

For most of the past two centuries, Beethoven’s original handwritten manuscripts have been difficult, if not impossible, for musicians to access. Few could afford a trip to view them at archives in Vienna or Berlin, and facsimile editions were prohibitively expensive. Scholars hadn’t bothered taking a look: By the time musicology arose as a discipline, Beethoven was seen as passé, says Lewis Lockwood, a Harvard professor emeritus and co-director of the Boston University Center for Beethoven Research. “There is no army of Beethoven scholars,” Lockwood told me. “It’s a tiny field … terra incognita.”

Kitchen is not a scholar. A boyish 57-year-old with a shock of bushy white hair, he’s a working musician and a faculty member at New England Conservatory, where my parents also taught. The Boston classical-music world is a small one—almost everyone I interviewed for this story is friendly with my violist mother and pianist father—and Kitchen is well known and well respected in those circles. Prior to reporting this story, I’d heard him perform with his quartet many times, although I didn’t know him personally.

That said, I was aware that Kitchen had a bit of a reputation as, if not an eccentric, at least an enthusiastic innovator. Around 2007 he persuaded the ensemble he co-founded, the Borromeo Quartet, to play from full scores instead of parts, because he felt it enriched the performance. A full score doesn’t fit on a music stand, so the group was among the first to play from laptops, and later iPads, in performance.

Around the same time, scans of Beethoven manuscripts began to appear on a wiki site for musicians called the International Music Score Library Project. The only thing better than playing from a full score, Kitchen believed, was playing from a handwritten original full score—the closest glimpse possible of the composer’s working mind. “Just by reading the manuscript, you are instantly exposed to an archaeology of ideas,” Kitchen told me. “You’re tracing what was crossed out—an option tried and not used, one tried and refused, then brought back—all these processes that are instantly visible.”

The more Kitchen played directly from Beethoven’s chaotic handwriting, the more anomalous notations he found. Initially, Kitchen didn’t know what to make of them. “My first thought was, ‘Well, it may be the equivalent of a doodle,’” he said. But once he began to study Beethoven’s scores more systematically, he realized just how prevalent—and how consistent—many of these strange markings were across the composer’s 25 years of work.

Kitchen began to develop a theory about what he was seeing. The marks mostly seemed to concern intensity. Some appeared to indicate extra forcefulness: Beethoven used the standard f and ff for forte, “loud,” and fortissimo, “very loud,” but also sometimes wrote ffmo or fff. He occasionally underlined the standard p or pp for piano and pianissimo, “soft” and “very soft,” as if emphasizing them.

Kitchen would eventually identify 23 degrees of dynamics (and counting), from fff—thunderous—to ppp—a whisper. He found four kinds of staccato, two kinds of dynamic swells, marks to indicate different ways of grouping notes together, marks to reinforce crescendos and diminuendos. Taken together, Kitchen argued, these marks amount to “living instructions from one virtuoso performer to another,” an elaborate hidden language conveying new levels of expression—and thus emotion—in Beethoven’s music that had been lost for centuries.

Whenever people have tried to invent a way of writing music down, the solution has been imperfect. Jewish, Vedic, Buddhist, and Christian traditions all searched for ways to keep sacred melodies from mutating over time; each ended up inventing a set of symbols for different musical phrases, which worked as long as you already knew all the phrases. Other cultures evolved away from notation. In classical Indian music, for example, every soloist’s performance is meant to be improvised and unrepeatable.

In Europe, however, musical values began to emphasize not spontaneity but polyphony: ever more complex harmony and counterpoint performed by ever larger ensembles. For these ensembles to play together, they needed some kind of visual graph to coordinate who plays what when. The result evolved into the notation system in global use today—an extraordinarily lossless information-compression technology, unique in its capacity to precisely record even music that has never been played, only imagined. Orchestras in Beethoven’s time, as well as now, needed only the score to play something remarkably similar to what the composer heard in their mind. It’s as close as humans have come, perhaps, to telepathy.

By Beethoven’s time, composers had developed ways to communicate not just pitch, duration, and tempo, but the emotion they wanted their music to evoke. Dynamic markings shaped like hairpins indicated when the music should swell and when it should ebb. A corpus of Italian words such as andante, dolce, and vivace became technical terms to guide the musician’s performance. The effect was a lot like the old religious systems: If you already knew how andante was supposed to sound, then you knew how to play something marked andante. But compared with the rest of the notation system, such descriptions are subjective. How passionate is appassionato, exactly?

Someone like Beethoven, a man of extreme moods, might very well have chafed against these restraints. It’s not a stretch to conclude, as Kitchen has, that Beethoven would feel the need to invent a method of more perfectly conveying how he intended his music to be played.

But whether Kitchen is correct remains up for debate. Jonathan Del Mar, a Beethoven scholar who has worked extensively with the composer’s manuscripts, told me in an email that any anomalous marks in Beethoven’s manuscripts were merely “cosmetic variants” of standard notations. Beethoven was a stickler for precision, Del Mar explained, especially when it came to his music, and if he’d cared about these marks, he would have made sure they appeared in the published versions. “I am absolutely convinced that, indeed, no difference of meaning was intended,” Del Mar wrote.

Jeremy Yudkin, Lockwood’s co-director at the Center for Beethoven Studies, also initially viewed Kitchen with skepticism. “When I first talked to him, I thought he was nuts,” Yudkin told me. But Kitchen’s close and careful research won him over. Yudkin now believes that Kitchen has discovered a previously unknown layer of meaning in Beethoven’s manuscripts: “There are gradations of expression, a vast spectrum of expression, that music scholars and performers ought to take into account,” he said.

As to why the marks never made it into the composer’s printed scores, Yudkin thinks Beethoven may have accepted that his large personal vocabulary of symbols and abbreviations wouldn’t be easily deciphered by others. Perhaps, Yudkin suggested, he included the marks in his manuscripts simply for his own satisfaction. “You put things in a diary,” Yudkin said, because it yields “a mental satisfaction and emotional satisfaction in being able to express what it is that you feel. And no one else has to see it.”

***

Over the past few years, Kitchen and the Borromeo Quartet have presented a series of Beethoven concerts prefaced by brief lectures on his findings, but other than that, and his presentations at BU, he hasn’t spent much time sharing his ideas with the world. Instead, he’s been preparing his own set of Beethoven scores that will include all the marks left out of earlier editions. He wants other musicians to be able to see them easily, without needing to decipher Beethoven’s scrawl. “And then,” he said, “people can argue about all those things as much as they want.”

As I was working on this story, I asked my father, the pianist, why he thought Western notation had developed to such specificity, even before Beethoven’s time. He told me he thought it was because of a change in composers’ perspective: Where before they’d been composing anonymously for the Church, as music became more secular, composers’ names became more prominent. “They started to think about how people would play their work after their deaths,” he said.

For Kitchen, that’s precisely the point of studying Beethoven’s markings. If written notation can encode music, he told me, music can encode human feelings. Therefore, written music can actually transplant “a living emotion” from one mind to another. It’s not just telepathy: Music allows a sliver of immortality.

At this point, Kitchen believes he knows the code well enough that he can hear it in music. Once, at a concert in Hong Kong, he was listening to a performance of Beethoven’s Piano Sonata No. 23 in F Minor, Op. 57—the “Appassionata.” He noticed an unstable chord that seemed especially ominous and unsettling—the kind of quiet but emotionally powerful moment that Beethoven often noted with one of his bespoke abbreviations.

“I said, ‘I bet you that’s a two-line pianissimo,’” Kitchen recalled. After the performance, he checked. Sure enough: Scrawled below the disconcerting bass note troubling the otherwise serene chord, Beethoven had written a double-underlined pp. Two hundred years later, maybe Kitchen finally understood exactly what he’d meant.