🌐 Exclusive Interview with David Schwartz Filmed Live at Consensus 2024!
🌊 Exploring the past, present and future of the $XRP Ledger #XRPL and unveiling Ripple's global vision for institutional grade DeFi.
@Ripple@CoinDesk@consensus2025@JoelKatz
🎙️💧👇
JUST IN: Crypto is crashing
$BTC falls under $67,000
$ETH falls under $1,900
$XRP falls under $1.00
$SOL falls under $75
Over $330,000,000 liquidated from the cryptocurrency market in the past 2 hours
XRP on-chain losses are at historical extremes of 43.5 billion in a loss.
In 2022, the bottom came in at 42.3 billion in a loss, but kept fluctuating there at the lows between 43 and 45 billion.
These levels are where social feeds have historically experienced the most fear.
The BIS has released a global liquidity stress-testing tool covering nearly 13,000 banks in 100+ economies, about $170 trillion in assets.
It warns digital bank runs can unfold in hours, faster than the Basel III liquidity window.
Source: BIS Working Paper No. 1394 🩸11/11/11
‼️CREDIT UNION CEO: AS SOON AS REGULATIONS ALLOW, WE WILL FLIP THE SWITCH ON CRYPTO CUSTODY‼️
Jed Meyer is President and CEO of St. Cloud Financial Credit Union in Minnesota.🏦
In a recent interview he discussed custody and what his credit union needs in place before it can “flip the switch” on crypto custody for its customers.🎚️
He mentions “flipping the switch” 3 times in this clip.😏💨
"As soon as regulators or legislators come out and say, you can custody these assets, we just ‘flip a switch’ and it's right in our core."✅
"It's just a matter of flipping a switch. So today it's off balance sheet. As soon as custody, we ‘flip the switch.’ It actually comes into custody."✅
"As soon as that happens, we can ‘flip the switch’ in credit unions and you're running it right out of your core."✅
Listen closely.🍿👇
SEC FILING: Evernorth Holdings ($XRPN), a publicly traded XRP treasury company, received SEC effectiveness on November 9 for a registration initially filed on October 30, covering up to 73.7 million shares for potential resale.
The filing identifies the following shareholders and registered amounts:
• Arrington XRP Capital Fund: 33.82M shares
• Ripple Labs: 18.14M
• SBI-affiliated entities: 11.79M combined
• Larsen Lam Children's Remainder Trust: 7.15M
• Pantera-managed fund: 604,664
• GSR Markets Switzerland: 500,000
• gumi Inc.: 302,332
• Payward (Kraken): 250,000
Of the 73.7 million shares registered, approximately 19.1 million are already issued and outstanding Class A shares. The remainder covers shares issuable through conversions, exchanges, and warrant exercises.
Importantly, registration does not mean shareholders have sold their holdings. Certain securities remain subject to lockups and ownership restrictions.
Evernorth will not receive proceeds from shareholder resales, except for cash received upon warrant exercises.
Japanese Yen has already weakened so much that the U.S. Treasury intervention and the most recent Bank of Japan intervention have already been wiped out completely 🚨 🚨
🇺🇸 BREAKING: SEC clears Nasdaq options exchange to list options on qualifying digital commodity ETPs.
Digital commodities identified by the SEC and SEC staff: BTC, ETH, SOL, CC, HBAR, LINK, AVAX, ADA, XLM, DOT, LTC, DOGE, BCH, APT, XTZ, SHIB, ALGO, LBC, XRP