BREAKING:
The UAE announces it will cuts funds for citizens who want to study in the UK out of fear of Emirati students being radicalized by Muslim Brotherhood Islamists on British campuses.
An Arab state now views a European state as a dangerous Islamist radicalization hotspot
I broke the news about Wall Street conspiring against Michael Saylor and manipulating the price of BTC down last week.
People laughed but now there is CONCRETE EVIDENCE that the likes of JP Morgan are purposely Pushing BTC down to Kill Microstrategy.
I warned you, as usual.
This is SO important and no one is talking about it - so let me be crystal clear
Under the Genius Act, Banks can use their Reserve Balances at the Fed - AS COLLATERAL - to back stable coins.
This means, 17 years of trapped Bank Reserves totaling $3.5 Trillion are about to become liquid. Under Genius, Stablecoin collateral cannot be rehypothecated
So, if you are a Bank, using Treasuries or Repo to back your stable coins means you cannot use those assets as collateral elsewhere on your Balance sheet.
This is a problem because chances are you are doing that exact thing now with your Treasuries.
Bank Reserves are currently useless. Less than $100B are needed weekly to handle then entirety of intradistrict settlement flow across the 12 Reserve Districts - including absorbing large adjustments from open market operations like QT, QE and RRP)
Turning the Bank Reserves into stable coins will unlock $3.5T of trapped liquidity currently stuck inside the Federal Reserve system 🚀
OpenSea has evolved.
Beta complete. Full token universe unlocked.
New rewards program live. Welcome to the new OpenSea — the best place to discover, own, and trade anything onchain.
Do you have what it takes to be a Hero?
Introducing Clout and Fantasy Seasons!
Starting today: Farm Clout. Climb the ranks. Become a Hero.
Full breakdown on this pivotal update, including details on Tactics v3 and other exciting news!