Buzzing around the banking system and the monetary ledgers - especially the digital ones 🏦🔜📱
Joined May 2024
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Monetary McFly 🪰 retweeted
ANNOUNCEMENT: CoinDesk is streaming live from @Ripple Swell on Oct. 28-29. We'll speak with @bgarlinghouse, @CMEGroup's Terry Duffy, @DriveWealth's Naureen Hassan and more of the biggest names at the intersection of traditional finance and the onchain economy.
Monetary McFly 🪰 retweeted
BREAKING: Microsoft, $MSFT, is offering buyouts to 60,000 workers as part of the company’s efforts to cut costs amid AI adoption, per Bloomberg.
Personnel on select teams in the US, Canada, India, and the UK at a vice president level and below will be eligible.
This reflects ~27% of Microsoft's total workforce.
Monetary McFly 🪰 retweeted
JUST IN: Microsoft $MSFT offers buyouts to 60,000 employees as it cuts costs amid AI adoption.
Monetary McFly 🪰 retweeted
Evernorth (Nasdaq: XRPN) has entered into an agreement for an equity line of credit for approximately $80 million.
As market conditions present themselves, we intend to use some proceeds for general corporate purposes, including the acquisition of XRP and product development in the XRP ecosystem.
Full details in today's release: tinyurl.com/bwwsxsxe
Not investment advice or an offer of securities. Contains forward-looking statements; actual results may differ materially. Risk factors: sec.gov/edgar/browse/?CIK=20…
Monetary McFly 🪰 retweeted
Businesses operate 24/7. Corporate treasury needs to keep pace.
Today, we're introducing new Ripple Treasury capabilities that connect AI, automation, and digital financial infrastructure to help finance teams manage and move money around the clock.
ripple.com/ripple-press/ripp…
Monetary McFly 🪰 retweeted
SOMETHING VERY STRANGE IS HAPPENING IN THE GOLD MARKET.
Gold has crashed more than 25% since the US-Iran war began, falling below $4,000 for the first time in over 3 months.
But instead of selling, investors are continuing to pile into Gold ETFs, with holdings climbing toward 102 MILLION ounces.
This is happening while stocks are crashing and investors are selling assets to raise cash.
This means gold downtrend is because of forced selling.
If ETF investors keep accumulating despite the crash, we could see good rebound in gold once panic settles.
Monetary McFly 🪰 retweeted
RLUSD by @ripple led stablecoin trading this week, +$199.4M in DEX volume growth in 7 days, over 2x USDG in second.
Via @tokenterminal.
Monetary McFly 🪰 retweeted
It’s the Great Pumpkin, Charlie Brown! 🎩🪄
Halloween wouldn’t be complete without this beloved Peanuts classic! 🎃
Join Charlie Brown, Snoopy, Linus, and the whole gang for a Halloween night filled with costumes, trick-or-treating, laughter, and Linus’s unwavering belief that the Great Pumpkin will rise from the pumpkin patch. 🎃🌙
First aired in 1966, this timeless Halloween special has been bringing generations together for nearly 60 years. ❤️🧡
So grab some candy, get comfortable, and enjoy a little Halloween nostalgia! 🍬👻
Happy Halloween, everyone! 🎃
A great explanation of extending claims vs. extinguishing them
Cash extinguishes the float
Deposits extend the float
A neutral clerk, who takes no credit from either side 👍
Robert Mundell and Esperanto for Money:
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"He emphasized that national currencies would continue to exist for domestic use, much like local languages, but a shared global money would enhance efficiency in a globalized economy."
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Mundell was @judyshel's mentor.
If you want to pay in your own currency in a tokenized world, you need a fully reserved sovereign coin that can meet the dollar in PvP.
A neutral clerk with no yield to skim is what makes that work, because nobody has to trust the other side’s bank. Banks keep the yield. The coin does the traveling.
Monetary McFly 🪰 retweeted
Take a moment and step back.
You're seeing live how institutions are coming on to the @XRP Ledger, builders competing for the best XRPL project at hackathons, culture and art is at a all time high in the XRP community, tokenized assets ramping up, new amendments enabling big DeFi opportunities to unlock liquidity and capital on XRP.
The XRP community is literally where everything is currently unfolding.
It's the opportunity market to be on the ledger.
