MrD

Food lover, Drink tippler, Crypto enthusiast..

[Brad Garlinghouse @bgarlinghouse]

Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.

Prime brokers (along with other key functions historically managed by banks for the most part) like Hidden Road have proven themselves as *the* trusted intermediary for the largest hedge funds, market makers, OTC desks, quant traders and more. Ripple has been a customer of Hidden Road for years, and we know their breadth of expertise firsthand, clearing $3 TRILLION annually for 300+ of the top financial institutions globally.

This is the capital and activity that will tap into XRP and the XRP Ledger’s bread-and-butter – instant, efficient, scalable and low cost movement of value. Instead of waiting for <24 hours to settle trades through fiat rails, Hidden Road will be using XRPL for clearing a portion of trades, and most consequentially, using RLUSD as collateral across its prime brokerage services, including cross-asset (crypto and traditional instrument) trades.

With this deal and the backing of Ripple’s significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become the largest non-bank prime broker globally.

Ripple and Hidden Road combined are a generational leap forward, ready to truly bring the worlds of traditional and decentralized finance together. https://t.co/UYOOyQ21dG

[Tania Silva🇺🇸☮️ @SilvaTanz_XRP]

With $MSTR under $400 today everyone is thinking one thing - Wen Moon? 🚀

I spent days analyzing the Macro strategy &amp; connecting all the dots.

Here's exactly how the next few months will play out...👇🧵

[Max Avery @realMaxAvery]

With its speed, efficiency, and reliability, The #XRP Ledger has defined role as a leader for institutional adoption and practical utility. Let’s look at how the #XRPL’s Automated Market Maker (AMM) and #RLUSD stablecoin are set to make a dent in the universe.
1/19🧵

[Max Avery @realMaxAvery]

If you've been wondering how #RLUSD can affect #XRP's price - Let’s break it down 1/18🧵

[DBCrypto @DBCrypt0]

If the @bankless Summit + @EFDevcon have showed us anything it’s the reality of this message

Ethereum is lost.

Time to accept reality and stop fighting it.

“The End of Ethereum? Why ETH May Be Facing an Impossible Battle” https://t.co/yR7ofqyAAe

[Michael Burry Stock Tracker ♟ @burrytracker]

Grab a cup of coffee, you won't want to miss this

Many are speculating that this week's sell off in the market is due to Bank of Japan's unexpected large interest rate hike which led to a massive unwinding of the yen carry trade

Let's breakdown exactly happened 🧵:

[MrD @therehecooks]

@SuppressedSikh Talk about skipping leg day.. ffs

[Brad Garlinghouse @bgarlinghouse]

As many have noticed - and some have already pointed out - there have been numerous misleading and some factually inaccurate headlines describing the decision made by a California judge yesterday in the class action lawsuit about XRP. (I’m happy to see some correcting them - I wish I could tag / link them all here)

To be absolutely clear, this is a big win – all class action claims in the suit were DISMISSED, and absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security (per the NY Court decision). The CA ruling dismissed all allegations that Ripple had somehow violated federal securities law by selling XRP.

As for the single state law claim that will now be scheduled for trial: the sole plaintiff didn’t buy XRP directly from Ripple and can’t say if he even heard the statement before he traded and only owned a couple hundred XRP. This was a clear example of the trolls that unsuccessfully tried to take advantage of the US legal system and distort statements to seek 100’s of millions in class action settlements.

And lastly, regarding any “misleading statements” I stand by what I said and am looking forward to shedding light on that during the trial.

[Rager @Rager]

Predictions don't mean much

People are speculating about Bitcoin price going into ETF approval so I'll share mine

$48k by mid-January
Followed by a pullback to mid/low $30ks
Rally post-halving, new high in late 2024
Peak-high price in early/mid 2025
Q3 2025 ends bull market

[Foudres @xFoudres]

GM #MultiversX, go back to work and here something i talked with some people at xDay and I wanted to share you⚡

One of my worries at the moment is that ESDT and HTM in particular are being dumped by bots who arbitrate between Gate/MEXC and xExchange every time the price of EGLD goes up.

I haven't done a very thorough analysis yet, but some of them :

erd1nalf44m3nkzf3xx4nrrle6jcfyyra0z6gwhm0475yst49udeyzeqnl7mp2

erd1xmn5qzqzwulf0dazj9sdrwc85s0nmt6q5w333s20p9g30ff4932qdmfzwx

erd1q4frqadr74klnl97rrtut86kx5ggzghcx4rkf5fa3f0lh5emjvhqqa0w0t

erd173dfnu8d7xpgt3n93qp55axajy3jvdthdluke7st7pfgluafyljsa48pa6

As EGLD rises relative to USDC, HTM also rises as it is almost only paired with EGLD on the chain.

This is used by the bot to buy a lower price on CEX before selling on xExchange where the price has risen and make profits, so HTM losing value against EGLD and is kept as almost the same USDC price.

The downtrend we see here is at 95% cause by this kind of activity, almost no on-chain real users is selling, and no seed participant even reedem their first HTM allocation for now.

I'm very bullish on HTM as a project AND a business, as it generates a lot of revenue, both for the project, token and holders.

But EVERYTIME you chose to launch a token on a CEX, you should build you own bot to protect your token, otherwise, your liquidity will be jeopardized. This is also caused by low tier CEX that don't have good market making strategy and let their market maker liquidity be "stealed" for cheaper than it be on DEX.

They don't defend their own liquidity, given by projects. it's also possible that theses bot are there own, but few probability here imo as they arbitrate on both CEX.

That's why i think DeFi pools are very incompatible with CEX orderbook (even more when you have the greatest part of your liquidity paired with an L1 token vs a stable on CEX), as it's very easy for them (or bot) to capture the chain liquidity.

If we want a great DeFi space, we need a LOT of protection againt this kind of activity. DEX and project should partner to protect the liquidity.

If there are any hot devs, this could be a cool topic for the November hackathons, I can probably help with my on-chain skill !

[Brad Garlinghouse @bgarlinghouse]

Trying something new – some thoughts from me on the events (specifically the release of the Hinman documents) of this week. For me, this has all had a personal bent to it - and felt like it warranted some personal comments.

[Rob Cunningham @KuwlShow]

I counted my years and found that I have less time to live from here on than I have lived up to now.

I feel like that child who won a packet of sweets: he ate the first with pleasure, but when he realized that there were few left, he began to enjoy them intensely.

I no longer have time for endless meetings where statutes, rules, procedures and internal regulations are discussed, knowing that nothing will be achieved.

I no longer have time to support the absurd people who, despite their chronological age, haven't grown up.

My time is too short:
I want the essence,
my soul is in a hurry.
I don't have many sweets
in the package anymore.

I want to live next to human people,
very human,
who know how to laugh at their mistakes,
and who are not inflated by their triumphs,
and who take on their responsibilities.
Thus human dignity is defended and we move towards truth and honesty.

It is the essential that makes life worth living.
I want to surround myself with people who know how to touch hearts, people who have been taught by the hard blows of life to grow with gentle touches of the soul.

Yes, I'm in a hurry, I'm in a hurry to live with the intensity that only maturity can give.
I don't intend to waste any of the leftover sweets.

I am sure they will be delicious, much more than what I have eaten so far.
My goal is to reach the end satisfied
and at peace with my loved ones
and my conscience.
We have two lives.
And the second begins when you realize you only have one.

~Mário Raul de Morais Andrade
(Oct 9, 1893 – Feb 25, 1945)
Brazilian poet, novelist, musicologist, art historian and critic, photographer

H/T @BreedingLeeann

@WilliamDuvall @bgarlinghouse #XRPArmy @DigPerspectives @digitalassetbuy @linqtoinc @valhiladvisors @Glintpay @ZachRector7 @JohnEDeaton1 @jvallee2000 @mollyelmore22 #TeamApollo #XRPCommunity @Ripple #XRPLasVegas2023 #Freedom #Liberty #Justice #Honor #Purpose #Life #KUWL

[web3kc.eth @kingscounselxyz]

1/The UK government has just announced that it aims to be “the most open, well-regulated, and technologically advanced capital market in the world”. Major crypto law reform for is planned to make that happen. For those wishing to get ahead of the legal curve, the TLDR 👇

[web3kc.eth @kingscounselxyz]

That's all for now.

I write about web3 legal in the UK.

If this was useful, please share by retweeting my first tweet.

You can follow me @kingscounselxyz for more.

[DBCrypto @DBCrypt0]

1/ Why am I so bullish on #MultiversX formerly @ElrondNetwork and the team?

Let me paint a picture 🌠

Imagine your current top performing ⛓️ as a building. A skyscraper even. 🗼

Let’s use #Eth and #Sol as an example

They are some of the worlds largest and most impressive…👇

[xExchange ⚡ @xExchangeApp]

After the successful and smooth transition to xExchange and MEX 2.0, farm rewards are ready to be enabled starting with 17:30 UTC.

Make sure to maximize your energy multiplier in time to get the most of your farm rewards and the transition bonus 🔋

💡 https://t.co/YidlbyJV3e

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

xExchange farm rewards &amp; boost bonus are LIVE.

It’s time to convert LKMEX to xMEX 🔥

Convert all your lkmex in the first month &amp; unlock max transition bonus:

(a) one winning launchpad ticket
(b) 2x metabonding rewards for 3 months

Energy loading🔋
https://t.co/wVHWrOmkgq

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

The transformation into #MultiversX will be seen as a redefining moment for the utility and value proposition of blockchains.

Thrilled to see @coinbase opening access to over 100M users to experience the #MultiversX $EGLD Ecosystem. 🔥

https://t.co/H4niaa3cvq

[Stuart Alderoty @s_alderoty]

The SEC argued in LBRY: "Even if a fraction of people" buy a token for "investment purposes, you’re in securities land." Does every jeweler now book a one way ticket to "securities land" because a "fraction" of their customers are “investing” in the oldest commodity - gold?! 1/3

[Miles Deutscher @milesdeutscher]

We're witnessing the biggest leverage reset in crypto history.

One of crypto's largest VCs 3AC is facing insolvency, which could spell disaster for the entire space.

🧵: The ULTIMATE thread on what led to the downfall of 3AC, and what it means for the future of crypto. 👇