PRX

Cha-Chingle all the way! Merry Christmas and a VERY Happy New Year 2026 to you all! We got this!

JUST IN: 🇺🇸 $4.3 trillion mortgage provider Fannie Mae to accept crypto-backed mortgages, WSJ reports.

Never correct a low-IQ individual; smile and say you are right. IYKYK

The bizarre retail thesis of $XRP is that it will become the global reserve currency that everything trades against, the so-called “XRP standard” Rather than trading Dollars for Euros directly, you would trade USD for XRP, and then XRP for EUR, because this makes payments supposedly more efficient The XRP army will push back on this framing because they know how insane this thesis sounds They will argue the goal is not for XRP to become the global reserve currency but to fulfill the “bridge currency” use case, not understanding it’s a distinction without a difference They also believe the XRPL will become the dominant chain for tokenized real world assets, despite not even ranking in the top 40 by usage, developer activity, or DeFi TVL The XRPL is a ghost chain with less than 1% RWA market share and under 0.01% of stablecoins but somehow it will rise above all the other highly competitive, largely commoditized ledgers and become the primary settlement layer thanks to XRP liquidity All of this is compounded by various conspiracy theories about secret banking cartels who are colluding to push the XRP standard and lies from influencers about fake or exaggerated partnerships Reality moved on though The XRP vision was created over a decade ago before we had modern 200K TPS high-throughput chains, programmable smart contracts, DeFi protocols, fiat-backed stablecoins, tokenized deposits, atomic DvP/PvP swaps, and cross-chain infra If you listen to what the world’s largest financial institutions and market infrastructures like Swift, DTCC, JP Morgan, BlackRock, and many others are saying, you’ll find zero of them talking about the need for a “bridge currency” Rather, they talk about the need for connectivity, interoperability, privacy, compliance, and orchestration (all things Chainlink does, what a coincidence) The market ended up building everything XRP was supposed to be, without XRP USD-backed stablecoins have become the dominant crypto-native “bridge currency” for payments, trading, and finance The most successful case study of crypto-powered finance is Hyperliquid, where you can trade commodities, equities, FX, and crypto 24/7/365 across spot and derivatives markets Want to guess what “bridge currency” all these positions are traded against to minimize liquidity fragmentation? USD-backed stablecoins, not XRP And yet despite all this, the XRP army has yet to accept reality The reality is that Ripple socializes its costs to XRP holders and privatizes gains for its equity shareholders They sell XRP to fund products whose revenue accrues only to Ripple They use XRP sale proceeds to fund stock buybacks RLUSD has 90% of its supply on Ethereum and other chains, not XRPL, so there’s ~zero XRP demand created. Interest on reserves flows to Ripple, not to XRP holders Repeat this pattern across Ripple’s other products and acquisitions where XRP holders fund development for products that don’t use XRP (or it’s optional and little used) and the resulting revenue accrues to Ripple equity holders XRP’s actual role at this point is funding a corporation that has openly stated it will prioritize its own shareholders over everyone else All of this is obvious to anyone who has spent even a moderate amount of time scrutinizing Ripple/XRP, steelmanned the counter-thesis, or just looked at the competitive landscape The only people who don’t see it are people who have never left the echo chamber long enough to question their own assumptions Which is sad, but this is crypto, it’s never been a rational market

From an ODU ROTC cadet on campus: After the shooter opened fire in the ROTC classroom, cadets in the room jumped on him, stabbed him 22 times, and neutralized him before police arrived on the scene. Thank you to these brave cadets who kept the ODU campus safe! Please pray for the Monarch community.

Trade off. Las Vegas had initially agreed to trade the five-time Pro-Bowl DE to Baltimore in exchange for 2026 and 2027 first-round picks. No longer.

Today marks the 589th day of the NFA Research Group. 🥳 So here’s a mind-blowing 589 find… Wait until the end — trust me 🤯