FFAI capital rescue or Ponzi narrative?

The Jagan kiosk, which returns next week, is once again on top of the wind. The Chinese Internet dispute figure, once a suffocated dream, is now performing a new round of capital stories through its FFAI, which is actually controlled by Nenasdak. FFAI announced the launch of the C10 Treasury Treasury plan on 17th of this month, claiming that $30 million in corporate funds would be allocated to the top 10 encrypted assets, such as bitcoin, the Taifung and so forth, and claiming to build a front-runner bank for the era of encryption. JAC even brought Fiona Ma, California's chief finance minister, to stand for him, claiming that the project reflects a unique innovation in California. Is this a FFAI transition breakthrough or is it another hot move of FFAI's capital after a car crash?

FFAI Network for Public Disclosure of Treasury Programs: https://investors.ff.com/news-releases/news-release-details/faraday-future-launches-its-eai-crypto-dual-flywheel-dual-bridge

The operating mechanism of the C10 scheme appears to be complex, while it continues the usual concept of the Jiapun concept of packaging super-capital operations. FFAI will pro rata the first phase of $30 million of mainstream encrypted assets, including bitcoin, in currencies such as the Taifung. This configuration resembles the Bitcoin strategy of MicroStrategy, which invests mainly in enterprise-owned cash flows, while FFAI is funded by capital market financing that brings blood to the books of companies in persistent losses.

What is interesting is the so-called endorsement of the government. California’s finance minister Fiona Ma’s platform has become the biggest FFAI propaganda point, with its statements detailed with diplomatic rhetoric and a lack of substantive commitment. She commended FFAI for its innovative combination of clean energy and Web3 without mentioning specific policy support. This obscurantism is related to California’s particular political ecology: as a democracy vote warehouse, California urgently needs to demonstrate its achievements in science, technology and innovation before the Governor’s election in 2026, and the FFAI’s dual label on green energy and encrypted narratives is an excellent political tool. So, is this endorsement or a mystery, a political show or a profit channel?

Plan C10It is not the first time that Jiappon has made a conceptual innovation of the FF system, which has always been the best in the hot spots. Earlier this year, the emergence of models such as DeepSeek-R1 began with a domestic wave of AI. In this scenario, Jiapon changed the name of the company then known as FFIE to FFAI and declared that Ai Car Ecology has been the core capacity and strategy of FF in the future.Tasteful.

Over the years, the business nature of Jaganting has not changed: to replace the current cash flow with a narrative of the future. A prerequisite for this model to work is that new believers are always willing to pay for their dreams. In the encrypted market, this pattern is called exit from the liquidity game; in the automobile industry, it is called booking financing; and in the financial regulatory dictionary, it may have a more straightforward name: Ponzi scheme. JACKITTON MAY BE LEAVED FOR A FEW MONTHS WITH THE C10 PLAN, BUT WHEN THE MUSIC STOPS, THE Innovative FFAI Financial Works will eventually reveal their debt-driven nature.

So who's going to be the last believer in JACK?