Crypto researcher and investor. XRP and the XRPL will be the base layer of the New Financial System
Florida, USA
Joined February 2023
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I'm getting a lot of comments about XRP price and why it's not moving so let me explain once more how XRP price is determined for the new people to this space and those that still have trouble understanding🧵
CryptoTank retweeted
I am putting this out there now for the $XRP community so that no one can say I didn't give fair NOTICE.
When STRAT-X Launches my calculations indicate that we could be producing 1TB of history for every 130m transactions. With previous hourly runs of just the 5 QFS tokens we were reaching 1.5m transactions per day, or about 40% of the ledger.
With that as a benchmark, 1,000 tokens launched on the STRAT-X platform could be creating about 1TB of history every two hours. For obvious reasons, that is not sustainable for most full history nodes if any.
Below is a description of what fallout should be expected. In some ways, this could be seen as transitioning $XRP to a privacy token.
PLEASE PRAY for my little brother Derek🙏 He has had kidney disease since 14yrs old and he passed out yesterday, fell, and hit his head. He's now in the Hospital but not responding much😪
America has Failed as a Nation. It's a TREASONOUS ABOMINATION to the Christian Nation our Founding Fathers created. The Rot, Evil, Corrupt, Immoral virus has infected too much now.
CryptoTank retweeted
🚨HACK ALERT: Banks are getting hacked, and they're quiet about it.
Abrigo: breach confirmed at a lending platform US community banks use
South Korea: banks & brokers hit, regulators say CEOs are liable
India: AU Small Finance Bank & SBI leaks
Europe: an unnamed bank, $133M+ (unconfirmed)
Question Everything. #HackTracker
CryptoTank retweeted
‼️OFFICIAL BIS DEMO: PROJECT AGORÁ‼️
This is the official showcase video for Project Agorá.🌐
“Trillions of dollars of money flow through the banking system across borders every day.”💸
Watch closely.👇
Yes, Ripple has established partnerships with multiple participants involved in BIS Project Agora:
• Standard Chartered
• BBVA
• BNY Mellon
• Sumitomo Mitsui Banking Corporation (SMBC)
• MUFG
• Mizuho
These institutions are leveraging Ripple’s technology while integrating into a BIS-driven initiative. 💯
Documented.📝👇
CryptoTank retweeted
Agreed!
RLUSD isn’t competing with XRP. It’s competing with other stablecoins. Use case matters, and I want those use cases running on the XRPL.
CryptoTank retweeted
What's the difference between XRP and stablecoins like RLUSD?
RLUSD is optional. XRP isn't.
RLUSD is a dollar-backed token issued by Ripple. As the issuer, Ripple has to follow US law and can freeze RLUSD. XRP has no issuer and no jurisdiction, and nobody can freeze it. It's a commodity.
XRP also has a privileged role on the XRP Ledger. Every account can hold it by default, and everyone has to use it: accounts need an XRP reserve, and every transaction fee is paid in XRP. RLUSD you have to opt into it (TRUST-line).
On top of that, the DEX automatically checks whether bridging through XRP gives a better rate on a cross-currency swap (e.g. USD → EUR). No other asset gets that by default.
Another important difference: XRP is volatile. Like any commodity, it isn't backed by anything, so its price is whatever the market says it is. That volatility is exactly what attracts traders and investors. RLUSD is the opposite: 1 RLUSD = 1 USD.
Just from this we can already see that different use cases gravitate towards each asset.
Whenever you need stable value for payroll, invoices etc, don't hold a volatile asset like XRP. Price swings shouldn't decide whether you can fund your operations. Stablecoins for any national currency fit here, and RLUSD is one of many even among the dollar stablecoins.
Whenever you need a neutral asset that nobody controls, not even a government, and you want to reduce your counterparty risk, XRP is the only choice on the XRP Ledger. There is no alternative.
Turns out these properties also make XRP very attractive to market makers bridging pools of liquidity. They only have to worry about XRP's price, not whether the issuer of some token runs into trouble.
The more successful the XRP Ledger becomes, the more accepted XRP becomes and to make it successful we leverage our strengths and the things we are good at. This includes the activity of stablecoins and other assets.
CryptoTank retweeted
Japan's new Disaster Management Agency has issued an urgent preparedness request addressed to all citizens.
【緊急要請①】～国民のみなさまへ～
国難級の災害では、行政だけによる対応には限界があります。
家具の固定、水・食料・携帯用トイレの備蓄、避難経路の確認、防災訓練への参加等、一人ひとりが「自らの命は自ら守る」ことを意識しながら災害への備えを心がけましょう。bousai.go.jp/juyou/emergency…
Let me explain what most people are missing on the Binance hack.
Biggest theft in crypto history. Roughly $6.3B moved out of Binance wallets in a short window on Oct 29. Binance says the early read is a compromised DevOps laptop, not a private-key leak. Blockchain firms are pointing at North Korea's TraderTraitor group with high confidence. Binance says about $3B has been frozen so far, and they'll cover the rest from SAFU and company funds.
Here's the part that matters for XRP holders.
The attackers took freezable assets and unfreezable ones at the same time. USDT, USDC, RLUSD can be frozen by the issuer. BTC, ETH, and XRP can't. Chainalysis mapped the race: the hacker tried to swap stablecoins into ETH before the freezes landed. They got some through. They didn't get all of it.
Ripple froze about 40.5M RLUSD still sitting in attacker wallets, and Binance co-founder Yi He publicly thanked Ripple for helping stop roughly $200M from moving. Tether and Circle froze billions more on their rails. That isn't a gotcha against stablecoins. That's the feature institutions keep asking for when real money is on the line.
And no, this was not an XRPL protocol breach. TRM's tally shows Binance hot wallets on about ten chains got hit, including roughly 233M XRP that left Binance's own XRPL addresses. Same story as the ETH and BTC outflows: exchange custody, not the ledger breaking. The ledger kept settling. The hot wallet signing path was the problem.
For years people called XRP the "bank coin" like it was an insult. Last night the biggest exchange in the world leaned on a compliant issuer layer to claw back stolen funds in hours. Banks want that tool. A neutral bridge asset that can't be frozen is a different tool. XRPL has both. RLUSD for the controlled dollar. XRP for the bridge that doesn't answer to an issuer freeze button.
Honest takeaway for anyone holding here:
1. If your bags are on an exchange, you are under that exchange's security model. Binance says users are covered. That doesn't make "not your keys" a meme again. It makes it the lesson.
2. Freezeable rails and unfreezeable rails solve different jobs. Don't treat that as a culture war. Treat it as product design.
3. Days like this are when settlement plumbing gets stress-tested in public. Not the candle. The recovery path.
Hope that helps.
CryptoTank retweeted
The FBI at Ripple Swell 👀👀
The FBI's Patrick Wyman explains at @Ripple Swell how digital assets have become a growing part of investigations across the agency.
“It's important for our investigators to understand it, recognize it, know what to do when they see it, not be scared of it, to embrace the technology.”
CryptoTank retweeted
‼️THE DTCC JUST SENT ITS FIRST EVER TOKENIZATION NOTICE TO ALL PARTICIPANTS‼️
“Once an asset has been tokenized, transfers of that token may occur 24 hours a day, seven days a week between allowed listed wallets on supported networks.”✅
The era of 24/7 markets has arrived. 😶🌫️
Documented.📝👇
‼️IT IS OFFICIAL: THE DTCC TOKENIZATION SERVICE IS LIVE‼️
The DTCC's own Tokenization Service product page now states the service is live.✅
Fireblocks' John Hallahan projected this exact date.😶🌫️
The only piece of evidence that forecasted the exact launch before the crowd was aware.☝️
The video below was released just now from the DTCC.💨
"Not the end of the journey. The beginning of what's next."🎯📈
Watch.🍿👇
CryptoTank retweeted
On the 10th anniversary of @RippleSwell, it felt apt to share Ripple’s best year ever, and why the vision for an Internet of Value will be achieved.
CryptoTank retweeted
We’re kicking off 10 years of @RippleSwell with a bang!
1/ Goes without saying, but it was an honor to open up our conference with @SecScottBessent. His leadership, alongside the current administration, has been instrumental in ensuring that responsible crypto can thrive in the US. I’m extremely grateful he spent time with us today.
2/ BIG partner news 🚨 we're bringing Ripple’s infrastructure to @RobinhoodApp (supporting both customer-facing services and core financial operations), from $RLUSD settlement on the @XRP Ledger to prime brokerage and treasury operations & expanding our relationship with @BNYglobal across custody and tokenized trade finance with RLUSD, XRP and the XRP Ledger.
3/ We are bringing digital assets to corporates 👀 → Ripple Treasury introduced 24/7 Returns designed to help corporates put idle cash to work outside banking hours utilizing stablecoins (this is one step further to realizing the vision of our Treasury management business).
4/ Last but certainly not least, @USOCC granted final approval for Ripple National Trust Bank!
And it’s only day 0 (technically the Swell main event starts tomorrow!). More to come this week…
