BREAKING: Over $500,000,000 liquidated from the cryptocurrency market in the past hour.
• $BTC: $61,100
• $ETH : $1,620
• $BNB: $570
• $XRP: $1.10
• $SOL: $64
People still think (or feel) because Bitcoin is down crypto is down.
Derivatives/perps, stablecoins, prediction markets, etc are all up in crypto.
Crypto touches every area of finance, and is much broader than Bitcoin now. It will take some time for this to sink in.
(And yes - Bitcoin is going to do great and is as important as ever - one of many cycles we've all been through.)
JUST IN: 🇺🇸 Former President Joe Biden's son, Hunter Biden, says "fiat is a sham, the banking class is corrupt."
"Decentralized digital currency and the blockchain are the inevitable future."
The Ethereum not ETH stuff is the mental fallacy that triggered me into writing and podcasting in the first place.
There is no strong Ethereum without an ETH worth trillions. Without ETH as a global store of value, Ethereum is a failed project. Full stop.
ETH is economic bandwidth for DeFi. It is the only asset maximized for CROPs, fail at high value ETH, fail at CROPs, fail at Ethereum.
Saying you’re bullish Ethereum not ETH is like saying you’re bullish America not the American economy. They are one and the same - economic engines.
Better to admit Ethereum is a failed project than “Ethereum not ETH”.
So spew that weak blockchain not crypto stuff out of your mouth, it doesn’t make sense for BTC, ZEC, ETH, or any truly crypto native project.
I feel compelled to remind you :
If you buy one Bitcoin at $126,000
And it goes to $89,000
You can sell it
And buy it back 6 seconds later
You still have the same one Bitcoin
But you can realize a capital loss of $37,000 for tax purposes
$RLUSD is institutional-grade infrastructure for payments and tokenization.
Through @wormhole’s Native Token Transfers (NTT), $RLUSD can now move natively across multiple blockchain ecosystems, supporting cross-border payments, institutional on/off-ramps, and tokenization use cases.
For developers and institutions building onchain, that expands access to compliant, USD-backed liquidity across supported networks.
The demand for modern, always-on settlement infrastructure continues to grow.
@Mastercard’s support for $RLUSD and the XRP Ledger reflects growing demand for trusted digital assets and blockchain infrastructure that can power faster, more flexible settlement.
Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.