It's official. As the bond market "meltdown" accelerates, the average interest rate on a 30Y mortgage in the US is up to 7.45%. That's up +150 basis points in 6 months and the highest since 2023, when inflation was at 6.4%+. What is happening? Let us explain. (a thread)

Congrats guys! @dom_kwok @kwok_phil

I’m genuinely curious what happens to XRP Twitter if we all get rich at the same time. There’s no chance that ends well 😂

It's obvious that they won't moon XRP until I sacrifice my bag. I'm doing this for all of you. Never forget Pee 😢♥️

🚨BREAKING: US seizes bank accounts tied to a Tether-linked payments firm, FT reports. The firm, Capstone, is accused by the DOJ of illegally moving hundreds of millions of dollars for Tether and Bitfinex through EQIBank, a small Caribbean bank. Capstone allegedly opened US bank accounts while presenting itself as a tech company, then used those accounts to send payments to hundreds of individuals and entities. About $84 MILLION has now been frozen from Capstone accounts at Wells Fargo and JPMorgan. FT reports Capstone was also linked to a separate case where stolen cash from elderly victims was allegedly converted into USDT. Tether and Bitfinex said they were EQIBank customers, but had no knowledge of Capstone’s alleged misconduct. This highlights Tether’s banking access problem, relying on smaller offshore banks and payment middlemen to reach the dollar system.

🇺🇸JUST IN: DTCC to officially launch its tokenization service for $114 TRILLION in assets. CEO Frank La Salla confirmed the timeline after more than 30 firms made live trades with tokenized assets in July. The service will cover Russell 1000 stocks, major index ETFs and US Treasuries, which can move between approved wallets 24/7. Over 100 firms, including BlackRock, Goldman Sachs and JPMorgan, have joined DTCC's tokenization working group.

Unbelievable. 3 hours later and the 10Y Note Yield is now above 5.20% for the first time in 19 years. The 10Y Note Yield is now up +50 basis points in 30 days and +30 basis points in 2 days. Even more remarkable is that the average American has no idea this is happening. Yet. The bond market is imploding in front of our eyes.

Someone just shilled me this meme coin: - 23.3 trillion supply - No supply cap - 1 node - 25% of supply minted in the last 3 years - 1% of holders own 30% - Backed by the U.S. government

crypto green while 10-year yields hit highs shows you just how strong the market is right now. (normally the two are inversely correlated).

Reece Merrickが、議論の途中でいちばん大事な役割分担をはっきりさせた。 MESAフォーラムのステージで、@HSBC、@BlackRock、@Mashreq、@RAKBANKと並び、ステーブルコイン、トークン化預金、トークン化MMFを話している。 もう何を作るかではなく、 どうつなぐかだよ。 ステーブルコイン。 トークン化預金。 トークン化MMF。 この３つは明確に役割が違う。 問題はどう接続し、流動性をどう動かすかになってます。 だから、HSBC、BlackRock、Mashreq、RAKBANKといった金融機関の隣に、Rippleが座っている意味がある。 これからのオンチェーン金融は、孤立した新しいシステムを量産することではなく、すでに立ち上がりつつある金融の回道筋をどうつなぐか。 リップルのビジョンは明確です。

SpaceX, swapped to gold in under 13 seconds on the $XRP Ledger. $wSPCX to $XAUa. No direct pair exists. Trensik routing built the path and settled it atomically. Trade now: Trensik.com/trade/wspcx

$ORCL - ORACLE SHARES FALL 5.4% PREMARKET AFTER REPORT CO SENDS 'FORCE MAJEURE' NOTICE TO NEW MEXICO DATA CENTER DEVELOPER

This isn’t only crypto winning. It’s consciousness catching up. Fear losing volume. Better systems finding room. XRP flipping BTC is loud. Helping your people is how you add weight to the better side.

Yesterday, Bitwise’s XRP ETF saw $19.16M in net inflows, bringing cumulative net inflows to $637.46M. Let’s see what today’s appetite looks like. 👀

The challenge the US Treasury currently faces is a collapse of investors willing to accept current yields in the face of both structural debasement of the underlying dollar and the expected supply that the Treasury itself will continue to dump on the market. The problem is, the higher yields go, the more bonds the Treasury will need to sell. If they step in to buy the bonds themselves, this creates further debasement, only exacerbating the self-reinforcing loop. Welcome to MMT hell.

The Fed is taking FedNow cross-border. 🇺🇸 The US leg: instant, 24/7. The international leg: still correspondent banks, outside FedNow. Instant at home. Slow at the border. The $XRP Ledger settles the border in 3–5 seconds.

Foreign buying of T-Bills has fallen -80% YoY, per U.S. Treasury data

JUST IN: 🇺🇸 CFTC announces the agency is establishing "clear" crypto market structure rules. "It's GO TIME"