Owly

circle of life

@jk_rowling @LudicrousMonica only because i follow @elonmusk on x , do i now know there's a NEW harry potter series to watch.

@LudicrousMonica It's going to be incredible. I'm so happy with it.

Hey @jk_rowling The trailer for the new Harry Potter looks bloody marvellous. I cannot wait, and as it seems to me, neither can the rest of the world❤️🪄

@MichaelMOTTCM didnt know that was a thing

look like spx gapped below the pennant

@BSCNews BTFD

🚨 BREAKING: CIRCLE $CRCL CRASHES 15% AS CLARITY ACT SEEKS TO BAN YIELD ON STABLECOINS The bill that was supposed to be Circle's biggest catalyst just became its biggest threat. Language in the advancing CLARITY Act would prohibit stablecoin issuers from paying yield to holders, a direct hit to Circle's core business model. Nearly 95% of CRCL's revenue comes from interest earned on USDC reserves. The stock that IPO'd at $31 and hit $299 is now paying the price for Washington's compromise with the banks.

@BSCNews @CoinDesk BTFD

🚨JUST IN: CLARITY ACT DRAFT BARS STABLECOIN YIELD ON BALANCES A revised draft of the Clarity Act has been revealed. The proposal bans yield for simply holding stablecoins, according to @CoinDesk. Rewards tied to balances would not be allowed. Lawmakers aim to avoid similarities with bank deposits. The move reflects pressure from the banking sector. Debate around stablecoin utility is intensifying. Activity-based rewards may still be permitted. However, the framework remains unclear on implementation.

@BullTheoryio BTFD

BREAKING: $CRCL is down 16% intraday, wiping out $5.6 billion in market value after Congress proposed banning stablecoin yield. The sell-off is tied to leaked stablecoin legislation that would ban platforms from offering yield on stablecoins "directly or indirectly", blocking anything "economically or functionally equivalent to interest." Circle generates 96% of its revenue from interest on USDC reserves. If platforms cannot offer yield to users, USDC demand weakens and Circle's revenue base contracts directly. But here's the wild part. Cathie Wood's ARK Invest sold $5.9 million worth of CRCL on March 20, four days before the legislation leaked. Did she already know this would happen?

@NeelMacro @EleanorTerrett BTFD

$CRCL : Nobody connected these dots today. Circle dropped 15% this morning. Everyone blamed ARK selling. Everyone blamed rate cut fears. Both are wrong. Eleanor Terrett broke the real story. The new CLARITY Act text just leaked. And it bans platforms from offering yield on stablecoin holdings "directly or indirectly." Read that again. Circle makes 96% of its revenue from one thing. Interest on USDC reserves. That is literally yield on a stablecoin. The bill also targets anything "economically or functionally equivalent" to interest. That language is broad enough to hit Circle's entire reserve income model. Crypto insiders who reviewed the text on Monday called it "overly narrow and unclear." That is Washington for "we are not happy." This is not an ARK sell. This is not a Fed rate cut fear. This is a direct legislative threat to how Circle makes money. The CLARITY Act markup is targeted for late April. If this yield ban language holds it reprices CRCL overnight. Watch the Senate Banking Committee. Follow @neelMacro to connecting dots which move market. Rest. #DYOR

🚨NEW: New details are emerging about the latest legislative text outlining a compromise on stablecoin yield and rewards, along with early reactions from crypto industry leaders who reviewed it today. According to an internal stakeholder email shared with me, the proposal would prohibit platforms from offering yield “directly or indirectly” for holding a stablecoin or in a manner that resembles a bank deposit. The restriction would apply broadly to digital asset service providers (exchanges, brokers, etc.) and their affiliates to limit workarounds, and would bar anything “economically or functionally equivalent” to interest. The proposal would also permit activity-based rewards tied to user activity, including loyalty, promotional, or subscription programs, provided they are not deemed economically or functionally equivalent to interest. It would also direct the @SECGov, @CFTC, and @USTreasury to jointly define permissible rewards and establish anti-evasion rules within one year. One industry leader who reviewed the text today tells me the draft is a “departure” from what had been previously discussed with the White House, warning the “economic equivalence” standard is vague and could be interpreted more restrictively by future regulators. They also point to limits on tying rewards to balances or transaction amounts, which could make incentives difficult to structure. “Overall, this is a more narrow and restrictive approach toward crypto,” they said. Another says the text is “largely in line with expectations” and reflects a balanced outcome, preserving transaction-based incentives while making clear stablecoins cannot function like interest-bearing deposit accounts. “This is the best possible result,” they said, noting that the text is broader than the initial Tillis-Alsobrooks proposal, which would have been more restrictive on crypto. Up next: Bank reps are set to review the text tomorrow.

@0yield @WatcherGuru BTFD

@WatcherGuru zoom out

JUST IN: USDC stablecoin issuer Circle $CRCL stock crashes 18% today.

x.com/i/grok/share/8… Short ideas

x.com/i/grok/share/6… private credit

@NicTrades @TylerDurden @mtmalinen but, Australia has loads of BEER 🤪

@TylerDurden @mtmalinen Australia short of jet fuel also

I’m currently in Viet Nam and rumours on the street is they have almost run out of fuel. 40% increase in price overnight. They asked China to lend them jet fuel and they’ve said no.

A humanoid robot just wouldn't stop dancing during a recent performance at a hot pot restaurant in Cupertino, California. It kept grooving even after knocking items off a table, and three staff members had to physically restrain it.

x.com/i/grok/share/e… SMCI smuggled

x.com/i/grok/share/0… xxi unconfirmed volume

@BestForexMethod look for something you can pay for as a reward , kids school stuff is often useful?

OT The people here in Vietnam are WONDERFUL This is a cash society, I rarely lose cash but I did when buying fruit from my go to market vendor, it was only £40 but that would feed a family for a week here easily I went back 4 days later, she found my money & kept it for me👀++

x.com/i/grok/share/3… SGMO warrants

x.com/i/grok/share/c… ABEO

watch on big screen

@SKDTIME @jonbernardk i know , its worrying because the focus is on the fraud but not the disabled person who needs the help. For example the government is corrupt, you can find lots of examples on the internet but they want you to focus on NDIS not their own fraud. I believe.

@Owly_Rate @jonbernardk Not true. There’s a few YouTube clips of people exposing these companies

I asked a ‘self-made’ millionaire how he made his money… his answer about the NDIS may surprise you 🇦🇺👀