will25u said:

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XRP along with XRPL is positioning itself to be THE bridge currency between other FIAT currencies.

FEDNow is working with Ripple, along with other countries banking systems like Japan.

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Lol I'm sorry I hope you don't actually believe this. They were saying this exact thing in 2017 and its still not used by anyone. There is no actual need for it.

Yep... FEDNOW going live end of next week... 9 Ripple partners integrate into the FEDNOW service that are on/off ramps utilizing XRP through their API integration.

Timing is everything... convenient ruling today.... and if we've learned anything over the last few years, everything is scripted.

Nice contrast.... makes the world go 'round...

Viper16jr said:

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Yep... FEDNOW going live end of next week... 9 Ripple partners integrate into the FEDNOW service that are on/off ramps utilizing XRP through their API integration.

Timing is everything... convenient ruling today.... and if we've learned anything over the last few years, everything is scripted.

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It sure seems like it's scripted. Kind of like the SEC was suing Ripple just to keep the price low on XRP, maybe so institutional money could buy-in dirt cheap. Ever notice how Garlinghouse is always cool as a cucumber when discussing the SEC lawsuit in interviews? Always chipper and non-chalant. Anyway, I think that xrpl is going to be used in many industries. Hope some of you guys took profits on the big news today.

If you've loved the money made off planned obsolescence industries, YOULL LOVE CBDC'S!

If you hate planned obsolescence, from Healthcare to education to appliances and phones, then you'll do everything in your power to destroy the incentives that create the flawed corporate models.

You'd think a little more than a digital display showing "Number Go Up."

You'd probably be a bitcoiner, or someone well on their way to becoming one.

Ripple

• lost on summary judgment defense on $860M unlawful unregistered securities offering in institutional sales.
•• going to trial on above
• lost on fair notice
• lost on vagueness
• lost on regulation by enforcement
• lost on Hinman argument https://t.co/Dk40Q8fSi7

— Terrence (@TYonClubhouse) July 15, 2023

2/17 Both the @SECGov and @Ripple are claiming a victory on the District Court verdict. TLDR, here's what the court said:$XRP sold to institutional investors (with paperwork etc) constitute securities under the Securities and Futures Act and should have been registered.

— Patrick Tan (@Patrick_TanKT) July 14, 2023

4/17 Ignore for a minute $XRP sold to institutional buyers. Given the circumstances that Ripple sold those XRP, the contracts etc., that those were securities is pretty much done and dusted. But what about the "Programmatic Sales"?

— Patrick Tan (@Patrick_TanKT) July 14, 2023

6/17 The devil is in the details. In the footnote (p.23 note 16),

"The Court does not address whether secondary market sales of XRP constitute offers and sales of investment contracts because that question is not properly before the Court."

— Patrick Tan (@Patrick_TanKT) July 14, 2023

8/17 There are also issues with the decision not to see $XRP's Programmatic Sales as an offer of securities because Justice Torres added on an additional requirement to the Howey Test that had never been established - namely that buyers and sellers should know each other.

— Patrick Tan (@Patrick_TanKT) July 14, 2023

10/17 More importantly, Ripple had created the expectation of profit from its various public representations and these in and of itself ought to be sufficient to create a reasonable expectation of profit from investors in the $XRP token.

— Patrick Tan (@Patrick_TanKT) July 14, 2023

12/17 Simply buying $XRP, an implied contract was created between Ripple and the buyers of $XRP even if this was done on a secondary market, because such investors had no control over the value of $XRP and were entirely dependent on the efforts of Ripple to increase $XRP's value.

— Patrick Tan (@Patrick_TanKT) July 14, 2023

14/17 If nothing else, it's ironic $XRP was considered a security with respect to institutional investors, for whom investor protections are not as high as retail investors, yet not considered a security for feckless retail investors who need these protections.

— Patrick Tan (@Patrick_TanKT) July 14, 2023

16/17 Companies seeking to raise funds without registering their offerings as securities could simply conduct "Programmatic Sales" via proxies, foundations or other corporate vehicles and/or individuals tangentially linked to the underlying firm.

That would be preposterous.

— Patrick Tan (@Patrick_TanKT) July 14, 2023

Settlement incoming?

🚨NEW: District Judge Torres has referred the @Ripple case to Magistrate Judge Netburn for General Pretrial (includes scheduling, discovery, non-dispositive pre-trial motions and settlement). 👇🏼 pic.twitter.com/EyrA3flpXC

— Eleanor Terrett (@EleanorTerrett) July 17, 2023

Also in the previous post, it says that secondary sales of XRP was not adjudicated. Except it was...

Quote:

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XRP, as a digital token, is not in and of itself a "contract, transaction[,] or scheme" the embodies the Howey requirements of an investment contract.

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The Ripple case is a monumental development in establishing that a token is separate and distinct from an investment contract it may or may not be part of. Now, let’s make it law. 👇 pic.twitter.com/FZtO1BzfWX

— Tom Emmer (@GOPMajorityWhip) July 13, 2023

ETA: IANAL, so maybe I am wrong.

🚨NEW: This morning @CongressmanGT announced that the House Financial Services and House Agriculture Committees will officially introduce their joint Digital Asset Market Structure bill THIS week and will be marked up (voted on) NEXT week on Wednesday, July 26th.

— Eleanor Terrett (@EleanorTerrett) July 18, 2023

Thread...

2) Off the bat, the SEC has put senior Ds in Congress in a weaker negotiating position. While the case wasn't a full "win" for Ripple, it has significantly weakened the SEC's arguments that 1) legislation wasn't needed and 2) the SEC never lost a crypto case in the courts.

— Ron Hammond (@RonwHammond) July 18, 2023

XRP the most traded cryptocurrency in the world!

21% of all crypto transactions were to/from XRP. BTC in second at 20%.

XRP UNSEATS BITCOIN AS THE MOST TRADED CRYPTO ASSET, DEMONSTRATING HIGH CONFIDENCE

— whalechart (@WhaleChart) July 18, 2023

Buddy of mine who knows a ton about all this told me XRP will probably go to $100.

City Dumme said:

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Buddy of mine who knows a ton about all this told me XRP will probably go to $100.

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Yeah, not very likely. Not with a max supply of 100 billion. It would have the same market cap that all of crypto had at the peak of last cycle, or 8x the current market cap of BTC. Nope.

Ok I told him all that he said not sure about timeline but XRP just won a Supreme Court case and he GUARANTEED that XRP would at least 8x in the next bull run (at least), he said that is minimum he's talking way bigger. So probably time to rethink this one, he has made a ton of money with cryptocurrencies.

I personally don't like XRP and own zero, however I can see it hitting $6-$10 should everything go very well in the space.


*way too centralized for me and built to help traditional banking system which is the opposite of the founding crypto pillars.

Nice green candles on my MILK and IAGON ...Milk with big news, hopefully it is setting up for that huge run I "hoped" about...

🚀 Exciting News! 🚀 Introducing OptionFlow, the new option protocol launching on Cardano! 💫Here are about the endless possibilities with OptionFlow! 🔥 #OptionFlow #Cardano #DeFi #OptionsTrading #CryptoRevolution https://t.co/qDKyYWMb4R

— MuesliSwap Team🥛 (@MuesliSwapTeam) July 19, 2023

FileCoin & Iagon

Filecoin and Iagon are both decentralized cloud storage platforms that aim to revolutionize the way data is stored and accessed. However, they differ in their underlying technologies, approaches, and goals.

1. Technology:
- Filecoin: Filecoin is built on the…

— Dark🧬🧪 (@Darkwater_777) July 19, 2023

Anybody get in on that MILK holder special yesterday -sale/release of OPT?
It went quickly. I believe 30 million tokens sold out in 25 minutes. There will only be a maximum total of 45 million tokens. The remaining 10 million to be dropped to MILK holders on 26th.
I don't see a lot of sell pressure with this one and if all goes to plan, it could be huge, hopefully anyway.

Update :

Received my OPT airdrpp today(1,800 tokens) for holding MILK...plus the $35 I spent Sun buying OPT tokens at the MILK holder discount, I now have almost 3,000 OPT tokens which I only invested $35 in and is now worth $850.

Yes, there might be a slight sell off from those that got in early like me (I'm not selling) but considering the function of the project and its tokenomics, I think this will be a winner. Finger crossed.

11:29am $1,066
8:36pm $1,123

I'll revisit this post during the peak.

LMCane said:

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how many crypto bots have been created

to automatically populate every message board and social media in the world with how great crypto is?

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Just as many that state it sucks.

The SEC asked Coinbase to stop trading everything but Bitcoin before they sued.

Quote:

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The Securities and Exchange Commission asked Coinbase to halt trading in all cryptocurrencies other than bitcoin prior to suing the exchange, in a sign of the agency's intent to assert regulatory authority over a broader slice of the market.

Coinbase chief executive Brian Armstrong told the Financial Times that the SEC made the recommendation before launching legal action against the Nasdaq-listed company last month for failing to register as a broker.

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https://www.ft.com/content/1f873dd5-df8f-4cfc-bb21-ef83ed11fb4d

If this doesn't illustrate why centralization is an issue, when it comes to ****coins, then I don't know what does…

AUSA: What was solanas role at Blockfi?
Blockfi: Alameda worked closely with their devs
AUSA: For what purpose?
Blockfi: Blockfi would short it, then devs would cause a network outage. We profited from the position
AUSA: How often was it done?
B: 14 times, starting Sep 14, 21’

— Awful Jesse🪓 (@awfuljesse) October 13, 2023

https://www.reuters.com/markets/us/us-sec-does-not-plan-appeal-court-decision-grayscale-bitcoin-etf-source-2023-10-13/

Time to rev this thread up again…

https://decrypt.co/202862/blackrock-preps-for-bitcoin-etf-launch-with-amendment-showing-seed-fund-investor

Bull market initiated

Ron.Paul.Happening.gif

ETA; I miss the Hype Beast

Eth is a surefire bet.

Still Think ARB & SOL could be great plays this cycle.

thinking about selling my BTC today with the price at $34K

anyone have an argument why it makes sense to hold?

barnag said:

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LMCane said:

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thinking about selling my BTC today with the price at $34K

anyone have an argument why it makes sense to hold?

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Because one day it will be a lot more than $34k

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Counterpoint.... Maybe not?

The buzz about the BTC ETF certainly drove up the market, but I would guess you could sell now, and find a better entry point down the road.

Just a thought.

Diggity said:

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barnag said:

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LMCane said:

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thinking about selling my BTC today with the price at $34K

anyone have an argument why it makes sense to hold?

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Because one day it will be a lot more than $34k

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Counterpoint.... Maybe not?

The buzz about the BTC ETF certainly drove up the market, but I would guess you could sell now, and find a better entry point down the road.

Just a thought.

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Bitcoin is the best asset in the world. True absolute scarcity. Will continue to take market share from every other asset. ETFs to be approved. Halving coming up. Feel free to sell, but that seems extremely short sighted. If you're a day trader, that's one thing, but if you actually believe in what Bitcoin is, it would be crazy to sell now.

even if that's all true, it doesn't change the fact that there are typically good entry/exit points.

This run-up appears to be a great one. Now I haven't put my money where my mouth is....but I won't be shocked to see BTC down 20%+ over the next couple months.