🚨STOP SCROLLING AND LOOK AT THIS
OTHERS is printing the same structure seen before previous altseasons
- long compression
- falling RSI
- BTC dominance rolling over
This is exactly how major alt runs started before
Ondo, Kinexys by @jpmorgan, @Mastercard, & @Ripple successfully completed a landmark pilot transaction connecting the XRP ledger with interbank settlement rails.
This milestone marks the first time tokenized U.S. Treasuries have settled across borders and banks in near real time and outside traditional banking windows.
1. Ondo processed Ripple’s OUSG redemption on XRP Ledger
2. Mastercard's Multi-Token Network routed instructions to Kinexys by J.P. Morgan
3. J.P. Morgan delivered USD to Ripple's Singapore bank account
Tokenized assets are no longer separate from the global financial system. For the first time, a public blockchain and global banking infrastructure settled a cross-border transaction of a tokenized fund together in real time.
Together, we’re laying the groundwork for 24/7 global markets that never close.
🔥 BULLISH: 10 Trillion BlackRock CEO Larry Fink says tokenization could transform finance the same way the internet did in 1996.
The biggest asset managers are all in on RWAs. 🚀
"The Save America Act is one of the most IMPORTANT & CONSEQUENTIAL pieces of legislation in the history of Congress, and America itself. NO MORE RIGGED ELECTIONS!" - President Donald J. Trump 🇺🇸
Liberals are pissed that ICE uses tear gas, but would they rather have guns and handcuffs used against them??
Greg Bovino: "It was a chaotic situation. Objects being thrown. Agents being boxed by vehicles. It was probably past time for myself to deploy that less lethal munitions (tear gas). That term less lethal is just that, less lethal. If we didn't have less lethal, what would we be left with? I think a question that all of media seem to leave that out. Do they want fisted cuffs and guns? Or do we want to use less lethal to keep people safe, to keep our officers safe? And that's what we did in that particular instance. And guess what? It worked."
Libs would cry if there was chocolate in their Hershey's bar.
BREAKING: San Francisco mayor signs off on reparations bill, giving $5 billion to recipients.
"They are at a historic deficit, a billion dollar deficit, in San Francisco. They can't retain their citizens because it is such a difficult city to live in. They are fleeing at record rates. And yet, they're making these empty promises on a reparations bill that can't be funded and they aren't going to allocate funds for to begin with. So what are they doing? They are virtue signaling and trying to bring in new voters."
Where are they going to get the money to fund this? By doing more fraud??
Hoskinson: Cardano chain split was a deliberate attack, not a bug
Cardano founder Charles Hoskinson called the network split a "devastating cyberattack" by a known figure, and asked for law enforcement to get involved.
🚨 British-born commentator Jade Warwick issues a powerful warning at the “Americans Against Islamification” rally in Dearborn, Michigan.
"We need to be extremely careful how we tread and integrate Islam into the West, if at all."
"The only place in the world that Christians are protected and your free speech is protected is America."
🦔The US is facing its worst wave of major corporate bankruptcies in 15 years, with 655 companies collapsing through October according to S&P Global data. That figure nearly matches the 687 filings for all of 2024, with months still remaining. October alone saw 68 bankruptcies, following 76 in August, the highest monthly count since at least 2020. Since 2022, bankruptcies have risen nearly 100%.
The Breakdown
The industrials sector took the hardest hit with 98 insolvency filings this year, vulnerable to supply chain disruptions. Consumer discretionary companies follow with 80 bankruptcies. Notable collapses include auto parts maker First Brands, which filed in September with liabilities exceeding $10 billion. Subprime lender Tricolor also filed for Chapter 7, prompting JPMorgan to charge off $170 million. CEO Jamie Dimon admitted it was "not our finest moment." S&P says bankruptcy filings have risen every year since 2022 when the Fed sharply raised interest rates.
My Take
I think what we're seeing is the bill coming due for years of cheap money. Companies could borrow at near-zero rates from 2020 to 2021 and survive even with weak businesses. Now rates are higher and they can't refinance affordably. When bankruptcies are up 100% since 2022 and hit 655 through October, that's stress building across the system.
First Brands collapsing with over $10 billion in liabilities and Tricolor forcing JPMorgan to charge off $170 million are failures that don't stay isolated. When one company goes under owing billions, banks and suppliers take losses, making them more cautious about lending to other struggling companies. It spreads.
What worries me is the pace accelerating. October had 68 bankruptcies, August had 76, the highest monthly counts since 2020. Industrials leading with 98 filings and consumer discretionary with 80 shows weakness on both sides. Companies making things and companies selling things are both struggling. When the Fed raised rates sharply in 2022, companies barely surviving on cheap debt got squeezed. Now we're seeing the result as they hit refinancing deadlines they can't meet.
Hedgie🤗
💥BREAKING:
THIS WHALE IS DUMPING $BTC TO GO ALL IN ON $ETH.
DEPOSITING 20M $USDC TO LONG $ETH WITH 6X LEVERAGE.
HE NOW HOLDS MASSIVE $ETH LONG POSITIONS, 78,265 $ETH ($334M) ACROSS 5 WALLETS.