๐บ๐ธ MASSIVE: White House just confirmed President Trump wants to REMOVE TAX on Bitcoin and crypto transactions. $BTC $ETH $XRP $SOL
๐ฅ If this moves from rhetoric to law, hereโs what it means:
Everyday $BTC/crypto payments become frictionless (no more tracking tiny taxable events on every swipe
Capital flows chase the friendliest jurisdiction โ U.S. competes with Dubai, Singapore, Hong Kong as the crypto capital
๐ฏ On-ramps, wallets, payment apps, and stablecoin rails go parabolic as using crypto for commerce finally makes economic sense!
๐จ ๐๐ฅ๐๐๐๐๐ก๐: ๐.๐ฃ. ๐ ๐ข๐ฅ๐๐๐ก & ๐๐๐ง๐ ๐๐ฅ๐๐๐ก ๐๐๐จ๐ง๐ฆ๐๐๐ ๐๐๐ก๐'๐ฆ ๐ฆ๐๐๐ฉ๐๐ฅ ๐ฉ๐ฎ๐๐น๐๐ ๐ฆโ๏ธ
The first delivery report of 2026 reveals a massive "Blue Whale" battle. While the world celebrated New Year's, Wall Street giants were quietly extracting millions of ounces of physical silver from one of Europe's largest banks.
๐๐ก๐ ๐๐๐ง ๐๐ญ๐ก ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ ๐
The attached CME data tells a clear story:
๐๐ก๐ ๐๐๐ฅ๐ฅ๐๐ซ (๐๐ฌ๐ฌ๐ฎ๐๐ซ):
๐๐๐ฎ๐ญ๐ฌ๐๐ก๐ ๐๐๐ง๐ค ๐๐ issued 654 contracts (~3.27 million ounces). They are the ones coughing up the metal.
๐๐ก๐ ๐๐ฎ๐ฒ๐๐ซ๐ฌ (๐๐ญ๐จ๐ฉ๐ฉ๐๐ซ๐ฌ): Who took it?
๐.๐. ๐๐จ๐ซ๐ ๐๐ง: Took 452 contracts (~2.26 million oz).
๐๐ข๐ญ๐ข๐ ๐ซ๐จ๐ฎ๐ฉ: Took 432 contracts (~2.16 million oz).
๐๐ก๐๐ญ ๐๐ก๐ข๐ฌ ๐๐๐๐ง๐ฌ
This isn't retail buying; it is a ๐๐๐๐-๐๐-๐๐๐๐ ๐๐๐๐๐๐๐.
1๏ธโฃ ๐๐จ๐ฐ๐๐ซ ๐๐ซ๐๐: JPM and Citi combined grabbed nearly ๐๐% ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฒ'๐ฌ ๐ญ๐จ๐ญ๐๐ฅ ๐ฌ๐ข๐ฅ๐ฏ๐๐ซ, aggressively locking away physical metal.
2๏ธโฃ ๐๐๐ฎ๐ญ๐ฌ๐๐ก๐ ๐๐ฅ๐๐๐๐ข๐ง๐ : For Deutsche Bank to give up 3.2 million ounces in a single day suggests they are being forced to deliver to satisfy U.S. demand.
3๏ธโฃ ๐๐ก๐ ๐๐ช๐ฎ๐๐๐ณ๐: In a market with a 149M oz short position, J.P. Morgan taking physical delivery signals they are protecting their own books while draining competitors.
๐๐ก๐ ๐๐จ๐ญ๐ญ๐จ๐ฆ ๐๐ข๐ง๐: 2026 starts with Deutsche Bank shipping it out and J.P. Morgan locking it up. The "Paper Squeeze" is turning into a physical reality.
Source: CME Group
#Silver #SilverSqueeze #BullionBanks #JPMorgan #Citigroup #DeutscheBank #Comex
XRP community โ I promised Iโd have an update on my next adventure soon right? Well hereโs the start: Iโll be a strategic advisor to @evernorthxrp, helmed by my friend @ashgoblue.
Evernorth was founded as a regulated, scalable investment vehicle to tap into opportunities for XRP in DeFi and capital markets, extending the entire XRP ecosystem. Iโm excited to get started!
$15 BILLION in bitcoin seized.
One of the biggest financial fraud takedowns ever โ a global criminal network built on forced labor, money laundering & deception.
This FBI took down their empire.
The smartest (and maybe the funniest) person I know. A true OG in crypto with the conviction and vision to see what others couldnโt - you are a legend. Thank you David for everything youโve done for the industry, for Ripple and for the XRP Ledger. We are all forever gratefulโฆ and in awe of your immense impact.
Iโm not taking our weekly check-ins off the calendar thoughโฆ and am glad you wonโt be far as you join the Ripple board, continuing to impart your deep crypto wisdom and guidance on what weโre building. Wait...does this mean youโre my boss now!?!
The difference between the number of US home sellers and buyers is widening:
The number of home sellers has now reached 1,922,046, near the highest since March 2020.
At the same time, the number of homebuyers fell to 1,413,331, the lowest since April 2020.
As a result, the difference between US home sellers and buyers rose to a record 508,715.
In other words, there are now 36% more sellers than buyers in the US.
By comparison, this gap was just ~7% a year ago.
Home price cuts are likely coming next.