Minority Mindset

At a recent event that was more electrifying than a three-way phone call with your ex, Garlinghouse didn’t hold back. He unleashed some serious shade on traditional finance, taking aim at the SWIFT transaction like it was a piñata full of outdated tech.

The latest CNBC interview finds Ed Yardeni assuring us that the world’s geopolitical melodrama is not a derailleur but a purchase godsend, a garnish for the market’s already prepared dinner.

Patrick Witt, the executive director of the President’s Council of Advisors for Digital Assets (a title so long it deserves its own stablecoin), told CoinDesk TV that the stablecoin yield agreement is holding firm. “A must-have,” he called it, as if the bill were a shopping list for a wizard’s pantry.

According to Arkham Intelligence, Steve Aoki’s digital wallet recently made several large cryptocurrency transactions. On Monday, it sold 1.785 billion SHIB tokens for about $10,300 and exchanged 7.25 ETH for approximately $15,900, also sending $29,650 in USDT to Gemini. Two weeks prior, the wallet had sold 4.155 billion PEPE tokens for $14,700 using the 1inch exchange. Smaller transactions, ranging from $600 to $1,700 in stablecoins and conducted through MetaMask, occurred between these larger sales.

Crypto has had a rough year. Maybe we should launch something to fix it.

On Monday, the American Bankers Association (ABA) cautioned that a recent White House report underestimated the potential risks of competition from stablecoins.