Just that one curious mfer on X. Entrepreneur.
United States
Joined December 2016
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WWW Spaceships retweeted
The level of stupidity in parts of the $XRP community is unbelievable.
There are people holding 500 $XRP who genuinely believe it’s going to $10,000 each and make them millionaires. They spend their days on 𝕏 arguing with anyone who doesn’t support that fantasy.
You can explain how the XRPL works, show them actual data, and put the facts right in front of them. David Schwartz, the CTO of Ripple, can tell them directly there’s no secret plan, and they’ll walk around the corner questioning him too.
Some of you have spent years defending an investment you haven’t even bothered to understand. You’d rather believe some influencer promising you millions than listen to the people who actually understand the technology.
It’s fucking embarrassing.
XRP holders who borrow, this one is for you. The Federal Reserve published its October survey of 61 US banks on November 2. Over the past year, 11 of 57 banks became more likely to approve a credit card for scores of 780 and up, and none became less likely. 30 of 56 banks do not
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XRP ETF holders, this one is about who holds your coins. Coinbase, the custodian for the Bitwise XRP fund, got final approval from the OCC for Coinbase National Trust Company on November 6. Its custody business moves from New York oversight to federal oversight over three years.
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XRP whales sent about 691 million XRP to Binance in one day, worth about 900 million dollars, the biggest one day amount since 2024 according to CryptoQuant. A deposit is not a sale. Coins on an exchange can add selling pressure, but they cannot touch the XRP in your own wallet.
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XRP Ledger traffic, checked by me this morning. Over the last 24 hours a new ledger closed about every 4 seconds with about 230 transactions each, roughly 57 a second. Ripple says the ledger can handle 1,500 a second, so it is running near 4 percent. Ripple engineering director
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XRP price question: does Ripple control it? David Schwartz, Ripple's former CTO, was asked on X on November 7 and said his part in the price is very little. The price comes from trades between buyers and sellers on exchanges, about 865 million dollars of XRP in the last 24
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XRP transfers overseas keep the same 3,000 dollar reporting line. On November 6, FinCEN and the Federal Reserve withdrew their 2020 plan to drop that line to 250 dollars for transfers that start or end outside the US, and to name crypto in the rule. Any new version gets another
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XRP Ledger lending is not live yet. The Lending Protocol upgrade has 21 of 35 validator votes, which is 60 percent. It needs more than 80 percent, held for two straight weeks, before it switches on. Here is how vaults and loan brokers would work, and what it means if you own
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XRP treasury company Evernorth filed with the SEC on October 30 to let its big backers resell up to 73.7 million shares. Ripple and Arrington XRP Capital are on the list, and they agreed not to sell until about April 9, 2027. A filing is not a sale. The stock closed at $10.05 on
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