Andrey Fa

The news that @Mercari, Japan’s go-to marketplace app, now supports XRP is notable for a few reasons: ➡️Mercari is Japan’s largest resale platform, where millions of users keep a balance from selling unused items (MAU: 20+ mill) ➡️Users can now convert that balance or Mercari points into XRP from just ¥1 ➡️About 90% of users buying crypto via Mercari are first-timers — a powerful example of crypto reaching mainstream audiences beyond the usual crowd

$39,000,000 in $RLUSD has been burned on the XRP Ledger and minted on Ethereum. Many speculate on the reasons for it. Before we dive how the UK, SBI and Institutional liquidity is behind it, we need to get a tiny educational piece in for this. Stablecoin issuers like Circle and Tether regularly do - Inventory Transfers - these are transfers of issuer owned stablecoins to react quick to shortages and demand spikes across supported blockchains. I strongly believe the recent $RLUSD burn on the XRP Ledger and minting on Ethereum is Ripple shuffling inventory reacting to demand, coinciding with major ETH DeFi protocol listings of RLUSD. In particular inventory is send to @B2C2Group - mintings on Ethereum end up in their wallet, B2C2 is a UK based crypto liquidity provider acquired by SBI holdings in 2020. They handle institutional liquidity and OTC Trading/Derivatives for clients.

Monad Day 4 Testnet Guide I've posted guides to 30 protocols so far, here are 10 more 1. LFJ (pandaria.lfj.gg/monad-testnet/…) • Connect wallet • Swap some MON into USDC • Provide liquidity to MON/USDC pool 2. Lootgo (lootgo.app/?ref_id=OSHJ9Q…) • Provide e-mail to sign up for the waitlist 3. Mahjong123 (monad.mahjong123.io) • Connect wallet and enter game • Select Play to Earn and complete daily check-in and login quests • Play Mahjong 4. MetaLeap (metaleap.io) • Connect wallet and create an account with your e-mail • Claim faucet tokens • Buy a subscription with faucet tokens • Hit Quests and complete daily check-in • Complete the "Download app" quests by just clicking on the link, don't actually have to download 5. Monorail (testnet-preview.monorail.xyz) • Connect wallet and swap some tokens 6. Mozi (app.mozi.finance) • Connect Telegram and claim faucet tokens • Wait for swap and stake features to go live 7. MultipliFi (testnet.multipli.fi/?referral_code…) • Connect wallet and claim testnet tokens • Stake your claimed USDC/USDT 8. Narwhal Finance (testnet.narwhal.finance) • Connect wallet and claim USDT • Place some trades on different assets • Play some of the carnival games 9. NFTs2Me (nfts2me.com/app/monad-test…) • Connect wallet and create a NFT collection • Mint your own NFT to your wallet for a bonus transaction 10. Nostra Finance (monad.nostra.finance) • Connect wallet and lend out some of your assets • Borrow against your assets • Optional: Continue to loop assets @LFJ_gg @lootgoapp @0xMJM @MetaLeap_io @monorail_xyz @mozifinance @multiplifi @Narwhal_Finance @NFTs2Me @nostrafinance