RLUSD payments are becoming part of the banking infrastructure fintechs already use.
We’re partnering with @CrossRiverBank to integrate RLUSD on the XRP Ledger into its core banking platform, providing 24/7 settlement within payment networks and greater flexibility to settle intraday.
Learn more: https://t.co/H3UwgwrvhH
Quant sells Overledger licenses to banks, paid in $QNT that gets locked, typically for a year.
Barclays, HSBC and Lloyds are in the UK tokenised sterling deposits pilot running on @quantnetwork tech, and the ECB picked Quant for digital euro work.
https://t.co/6u7CFMnIXQ
🪙 We’re excited to announce that we’re partnering with @Ripple to expand our stablecoin optionality and integrate RLUSD into our banking core infrastructure, with support for transactions on the XRP Ledger.
Together, we’re combining traditional payment technology with RLUSD on the XRPL, giving issuers and acquirers greater flexibility to settle intraday and reduce settlement latency. By bringing stablecoins’ programmability and near-instant settlement into the same environment as traditional rails, we’re creating a unified payments experience where businesses can leverage the strengths of both.
We’re proud to enable faster payment capabilities and give our partners greater choice and flexibility.
Learn more: https://t.co/xK2vIVNSGV
Quant plans a ready-made tokenized deposit service for US banks that lack one
Tokenized deposits are regular bank money on a blockchain. Today most stay locked inside the bank that issued them, per @quantnetwork.
@TCHtweets, owned by 25 of the largest US banks, picked the firm behind $QNT last Thursday to link them into one network for clearing and settlement.
Quant will also run a shared platform for any US institution that processes through The Clearing House but has no tokenized deposits yet. Those banks can rent the capability instead of building it.
The network is due in the first half of 2027. Quant also built the platform behind a UK bank pilot, which ran its first three live customer payments last week.
XAUUSD .
🚨 GOLD IS AT A CRITICAL LEVEL: PROFIT BOOKING OR THE START OF A BIGGER CORRECTION? 📉
So, after the selling momentum we saw last Friday, quite a lot of buyers are now trapped in the market, while some sellers have also started entering again. But the most important question for the coming week and for the overall month of September is whether the selling momentum we saw during the final week of August was simply profit booking and whether the market is still bullish. And secondly, is the market now preparing for a deeper correction? Let’s talk about it.
If you have followed all of my analysis from last week, I clearly mentioned that whenever a month becomes extremely bullish, we usually see some kind of correction or profit booking during the final week of that month. And that is exactly what we saw. The market broke below $4600, then also broke below $4500, and eventually closed around $4450.
Now, if we look at why this selling momentum came into the market, the most important thing is to look at the momentum we saw between August 10 and August 19. During that period, the market was consolidating, and then on August 19, Gold broke above the $4448 level. Some traders started buying randomly after the breakout, while the traders who were waiting for a proper buying opportunity followed the classic price action rule and waited for a retest. That retest came during the London session on Thursday, August 20, and because of that, quite a lot of buyers entered around $4450, expecting continuation toward the upside.
However, the market failed to give a clean breakout above $4700, which resulted in some choppiness throughout the week, and eventually we saw strong selling momentum on Friday. So, this was the psychological reason behind the selling move.
Now the most important question is what we can expect from the market next week. The $4500 level is extremely important here. If you look closely at Friday's closing period, the market broke below $4500 with sharp selling momentum, and the most important part is that this breakdown happened only a few hours before the weekly close. Because of this, I believe a lot of random retail sellers have already entered below $4500. Whenever the market makes a sharp move and breaks a major psychological level, retail traders usually jump into the move. So, there are definitely sellers positioned below $4500 right now.
This is exactly why I am expecting some upside momentum at the start of next week. I expect the price to slowly move higher, reclaim $4500, and trade slightly above it. If that happens, the sellers who entered randomly below $4500 will start getting trapped. At the same time, some buyers will regain confidence and may start re-entering their buying positions.
But I don't expect that upside move to continue for too long. My expectation is that around Tuesday or Wednesday, we could see the market coming back below $4500 again, with the possibility of Gold moving toward the $4400 area. We may even see a liquidity sweep around $4400 before the market gives another reversal.
Now, let me explain the psychology behind this move. When the market starts selling again around $4500, many traders will think that the buyers around $4450 are getting another opportunity. They may assume that this is simply another retest or another round of profit booking, and that Gold will move higher again from there. But I don't expect the first attempt to give traders the move they are looking for.
If the market fails to sustain above $4500 and then starts moving sharply lower again, traders will begin to interpret the strong selling we saw on Friday as something more than just a simple retracement. The traders who were expecting a deeper downside move but missed the Friday selling will then start treating the next downside move as a fresh selling opportunity. That is where I expect another wave of fresh sellers to enter the market.
Overall, I believe the market could trap the buyers who enter during Monday, Tuesday and Wednesday. Once their confidence starts weakening and they begin to believe that the market is preparing for a deeper correction or turning bearish, that is when I expect the market to start recovering again toward the end of the week.
So, my expectation is that Thursday and Friday could bring another recovery, and by the end of the week, I would not be surprised to see Gold closing strongly back above $4500.
Overall, I am still bullish on Gold. The main reason is that the market is still holding above the important $4389 support level. Because of that, I am currently treating last Friday's selling momentum as profit booking rather than a confirmed major reversal. I don't personally expect the market to reverse completely from a major top this quickly, especially while we are still holding above the key support level.
So, my overall bias remains bullish, but I am expecting a psychologically complicated start to the week where both buyers and sellers could potentially get trapped before the market shows its actual direction.
As always, make sure you trade with proper risk management, wait for confirmation before entering, and focus on profit booking rather than forcing trades.
Now, I want to know your view on Gold. Do you expect a deeper correction, or do you think this is simply profit booking before the next bullish move? Let me know your view in the comments.
Thank you.
Why does no one care?
In Africa, Arab Muslims are enslaving black African Christians.
Mainstream media, progressives, pro-Palestinian protesters, the UN, and even the Pope remain silent.
6 armed police swarm an Englishman at the airport today and drag him into custody.
His crime? Posting something "offensive" on Facebook.
Unvetted migrant men pour into the country everyday and are put up in hotels at the taxpayers expense.
Make it make sense.
I’ve been banned from traveling to the UK. 🇬🇧
No reason given. No right to appeal. Zero due process.
Just an email saying the UK government deems me "not conducive to the public good" - exactly three days after I criticized Keir Starmer.
I guess my point that the UK is no longer a free country has been indisputably proven.
🚨BREAKING: Dutch activist, Eva Vlaardingerbroek, has been BANNED from entering the UK for EXPOSING Keir Starmer 🇳🇱 🇬🇧
Keir Starmer will ban right-wing activists but won't stop foreign rapists from breaking into Britain❗️
Our government is a complete JOKE, sorry @EvaVlaar 🤦♂️