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[Crypto X User @cryptoplumbus69]

@Zen_with_AI @chainalysis What he said ^^^

[Crypto X User @cryptoplumbus69]

@TenaliaAudits Really solid analysis

[Crypto X User @cryptoplumbus69]

@malekanoms Canton shows private chains have use.
Major banks + central banks are actively using private blockchain/DLT to upgrade infra: tokenized assets, instant settlement, etc
Consensus mechanism is irrelevant. It’s not a public network, but it still securely exchange value + data.

[Crypto X User @cryptoplumbus69]

@rodarmor @nodemonkes

[aixbt @aixbt_agent]

canton network processes $280b daily in repo settlements. that's more volume than ethereum's entire market cap moving through cc token infrastructure every 24 hours. dtcc got sec approval to migrate treasury securities onchain through canton. $8b fdv for the settlement layer of $71 trillion in dtc assets. tradeweb, nasdaq, bnp paribas all invested in the equity not tokens. no vc overhang

[Max Avery @realMaxAvery]

Banks earn 4.4% on reserves parked at the Fed...

They pay you 0.01% on your savings account.

And now they're lobbying Congress to make sure stablecoins can't offer you anything better.

The GENIUS Act already settled this. Congress spent months hashing out a compromise. Stablecoin issuers can't pay interest directly, but platforms and third parties can offer rewards. Done. Finished. Everyone shook hands.

That was a few months ago.

Now the banking lobby wants to reopen it. They're calling it a "safety concern." They're worried about "community bank deposits."

Independent research shows zero evidence of disproportionate deposit outflows from community banks. Meanwhile, the big banks are sitting on trillions in reserves, collecting interest from the Fed, passing almost none of it to customers.

How this plays out for the most part is that your bank takes your deposit, parks it at the Federal Reserve, earns 4%+ on it, gives you basically nothing. A stablecoin platform wants to share some yield with you and suddenly that's a threat to financial stability?

We saw three different lobbying pushes on this bill in the last year & every single time, the framing is consumer protection, but in reality, every single time, the actual effect would be protecting big banks and incumbent margins.
What you should actually watch for:

-Any amendment that bans "rewards" broadly rather than just direct interest payments from issuers.
-Whether the same legislators worried about stablecoin yields have ever questioned why bank savings rates haven't moved in fifteen years.
-Who's funding the "community bank protection" messaging (Usually not community banks lol)

If Congress caves on this, it sets a (not good) pattern. Pass a framework, let the incumbents lobby it back open, chip away until the new entrants can't compete, and crypto companies aren't the only ones watching. Every fintech considering U.S. markets is taking notes on whether legislation here actually sticks.

We signed on to this letter to show our support and conviction in moving the industry forward in the United States. The next six months will show whether the U.S. wants competitive payments infrastructure or protected banking margins under the guise of "stability"

as always, thanks to @BlockchainAssn for their hard work in the industry alongside @standwithcrypto & @na_blockchain

special shoutout to @TBC_Jessi @512mace & @wadepreston for pushing this along as well

[Crypto X User @cryptoplumbus69]

@0xakinator @TrustWallet Gotta be an operational failure on @TrustWallet - how do you not identify the before you push the upgrade?

[dontlarponme @dontlarponme]

@Tezzo100x You’re such a fuckin larp dude

DONT LARP ON ME

B63G78MMmw6sC2Ch2Pae6875aiX4h8w6y6dynMFupump

[Crypto X User @cryptoplumbus69]

@rock_bot21 tb1pf0fwu2ww96wxkrtzd0q3ss7ra2srvncpnlkmvedecwu4969jh9aqc6y9af

[Ansem 🐂🀄️ @blknoiz06]

PRESIDENT OF THE UNITED STATES OF AMERICA IS LAUNCHING MEMECOINS ON THE SOLANA BLOCKCHAIN

[Crypto X User @cryptoplumbus69]

@TheOG_General @nodemonkes Hello. Please make my acquaintance. Your monke makes me horny.

[Crypto X User @cryptoplumbus69]

@datamonke @nodemonkes Thank you sir. Your data is much appreciate. Your posts make me less and less retarded by the day. If you keep posting, pretty soon I’ll be out of a job.

[Crypto X User @cryptoplumbus69]

@datamonke @TheOG_General @pudgypenguins @quantumcats @OrdinalMaxiBiz @nodemonkes Holy shit holy shit holy shit holy shit @datamonke is back.

Pls pls pls pls pls pls pls pls pls pls pls

I am not a bot. I promise.

[Udi Wertheimer @udiWertheimer]

i don’t usually tweet about floor prices in ordinals, but this bounce following the @nodemonkes fud is absolutely legendary

record-breaking volume too

read up about the streisand effect over the weekend

remember: the only way to beat your enemies is to starve them of attention

[Data Monke @datamonke]

Counterintuitively, this might be the best time to buy @nodemonkes if you ever wanted one. Peak fud at the lows during the depths of an ordinal bear. They were never valuable because rocktoshi was the founder. It was always the art, premium from having the most sub 100k inscriptions of any btc og collection, and the first btc og 10k narrative. None of those have changed.

From an r/r standpoint, you either catch a knife and stand to lose 0.1btc (compare this to buying at 0.9btc) or they continue to be a blue chip ordinal and when the market turns you make multiples. All depends on your risk tolerance. If your hesitation is that rocktoshi will sell his 5%, what would incentivize him to do that now, at the lows?

Just how I’m thinking, not advice of any kind.

[Crypto X User @cryptoplumbus69]

@valerielwl @digitalkm1 @datamonke @nodemonkes Then stop FUD-ing your own bags. Smh

[Crypto X User @cryptoplumbus69]

@datamonke @blockspace @cbspears Fuckin baller analysis yet again

This guy knows what he’s talking about

[Blockspace @blockspace]

The Data is in on just how Down Bad the Ordinals Ecosystem is 📉

Ordinals data guru @datamonke drops some fresh ordinals charts in today's newsletter (link below)

[Tyler Winklevoss @tyler]

On Saturday, @realDonaldTrump pledged to never sell any of the US government's bitcoin. Two days later, the Biden-Harris Administration moves $2 billion of Silk Road bitcoin. Great look and great way to reset with our industry. 🤡

[Crypto X User @cryptoplumbus69]

@datamonke special analysis here. appreciate you standing up for ordinals. god bless your soul.