Saturday afternoon—there’s something interesting about looking at a few stories side by side.
$XRP ’s ledger just had an old bug, lurking for a decade, urgently fixed. Researchers demonstrated how to create spendable XRP out of thin air, potentially worth billions of dollars. The fix has already been rolled out at high speed. The thought that a landmine like this could lie buried for ten years before being discovered is chilling.
$BNB hasn’t been idle either: the U.S. Department of Justice is investigating whether Binance violated its 2023 settlement agreement, in a case involving Iran sanctions and $61 million in funds. No wrongdoing has been established so far, but the words “billions in potential fines” will take the market some time to digest.
Here’s a pretty stark contrast: tokenized stocks on Solana topped 1 million holder addresses in September, with $4.4 billion in trading volume—going gangbusters. Meanwhile, Robinhood Chain’s daily trading volume fell from 10.8 million to 6.2 million, a drop of over 40%, while users are still enjoying fee-free transactions. The business of on-chain stocks is changing hands.
The macro picture is even messier: tanker attacks in the Strait of Hormuz have hit their highest level since the war began, and a hurricane has shut down 72% of Gulf of Mexico crude production. Trump, meanwhile, has turned around and signed a diesel deal with Putin, while China’s gold purchases have also hit a record. The mood is increasingly risk-off.
Liquidity is thin over the weekend. Keep your hands off the buttons—don’t deliver takeout to the market makers.
NFA DYOR
#XRP #BNB #Solana #RWA #Macroeconomics
$XRP ’s ledger just had an old bug, lurking for a decade, urgently fixed. Researchers demonstrated how to create spendable XRP out of thin air, potentially worth billions of dollars. The fix has already been rolled out at high speed. The thought that a landmine like this could lie buried for ten years before being discovered is chilling.
$BNB hasn’t been idle either: the U.S. Department of Justice is investigating whether Binance violated its 2023 settlement agreement, in a case involving Iran sanctions and $61 million in funds. No wrongdoing has been established so far, but the words “billions in potential fines” will take the market some time to digest.
Here’s a pretty stark contrast: tokenized stocks on Solana topped 1 million holder addresses in September, with $4.4 billion in trading volume—going gangbusters. Meanwhile, Robinhood Chain’s daily trading volume fell from 10.8 million to 6.2 million, a drop of over 40%, while users are still enjoying fee-free transactions. The business of on-chain stocks is changing hands.
The macro picture is even messier: tanker attacks in the Strait of Hormuz have hit their highest level since the war began, and a hurricane has shut down 72% of Gulf of Mexico crude production. Trump, meanwhile, has turned around and signed a diesel deal with Putin, while China’s gold purchases have also hit a record. The mood is increasingly risk-off.
Liquidity is thin over the weekend. Keep your hands off the buttons—don’t deliver takeout to the market makers.
NFA DYOR
#XRP #BNB #Solana #RWA #Macroeconomics