MrCartmill 🛡☀️

Ondo, Canton, and now USDC new blockchain Arc deals only in dollars. Ondo gets paid in dollars as does Canton for services. For Ondo there's no real transfer of value to the token, unless Ondo changes that. Canton also gets paid in dollars and they do burn Canton. But there's no real value transfer. With the claimed 6 trillion in tokenized assets on the Canton Network. Look at all the headlines of all the blockchains right now. Every chain is crying they have stable coins. This is the phase that we are in. This might be the crypto shakeout that no one saw coming. We have to many chains and only a few are going to make it. We are entering our "Dot Com" moment.

This is why Circle built "Arc" Blockchain. That only runs with stablecoins. It's very important to educate people about the difference. From NFT's, Smart contracts, to Meme coins. We are now in the faze of stablecoins and corporate Blockchains. The battle begins but they are late to the game. Don't buy in to the corporate chains. It's bondage not freedom.

before crypto, i worked at some of the top firms on wall street, @GoldmanSachs and @blackstone. and from speaking to many of my ex-colleagues on wall street, i can confidently say that big banks have never been more scared of crypto eating their lunch. in fact, they're so scared, that jp morgan, citi and others are planning to launch their own tokenized deposit network to compete with crypto. but if you like crypto, you won't like the banks' alternative. in fact, you'll want to steer well clear. here's why: - with their network, you won't own your money if the bank fails or faces a run, you lose your tokens (just how you would with your fiat). the main beauty of crypto is that you hold your private keys so you are fully in control of your own money (no one can freeze it). - it's a permissioned, closed network access to their network still requires the banks' permission. unlike public blockchains, which are permissionless and let anyone participate. - run by the banks who've been campaigning against crypto their network will be run by The Clearing House (payments company owned by JP Morgan, Citi, BofA and other big banks). do you really think they have the consumers' best interests at heart? - no privacy or transparency the beauty of crypto is that you can make transactions without a middleman and no one can freeze your funds. however, every transaction on the banks' network will be subject to their oversight and must fall within their KYC / AML processes. this means governments and banks can still freeze your funds for whatever reason they want. - designed to keep the banks in full control they want a system that will let them keep their fees and revenue model. stablecoins threaten to pull billions in deposits away from banks - this is their last ditch attempt to stop that. - limits defi innovation by controlling their own permissioned blockchain, banks prevent users from using other blockchain protocols that could allow them to get higher yields etc (one of the main attractions of defi for many users).

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The shift toward blockchain-based finance is no longer temporary hype — it’s becoming a long-term global transition. Morgan Stanley says tokenization will shape the next decade of global finance as institutions continue building long-term blockchain infrastructure. #XRP

If true, we're cooked. Financial engineering at best.

LATEST: 📊 Arthur Hayes says he dumped all his HYPE and NEAR, warning markets could peak between now and September as energy prices rise and major AI IPOs approach.

🚨 LATEST: Claude maker Anthropic is calling for a global pause in AI development, warning that models are approaching the ability to self-improve without human intervention.

This is crazy.

T+0 is becoming the new standard. By synchronizing asset and cash legs atomically, Canton removes the settlement gap that traps capital and introduces avoidable risk.

JUST IN: @Coinbase launches pre-IPO perpetual futures, with @SpaceX as its first listing, giving eligible traders 24/7 price exposure to private companies before they go public.

Don't get shaken out. Clarity Act will bring the big players in. This is a good time to stack what ever your are stacking. The market is on sale.

Yesterday, MD at @Ripple UK, Cassie Craddock, on a panel in 🇳🇱 with former long-time Rippler (VP of Biz Dev), Kirit Bhatia😮He moved over to @BankingCircle, a "Super Correspondent Bank" with huge clients that bypasses correspondent banks using Stablecoin to Fiat & Fiat to Stablecoin. Notice @tempo was also on the panel. DYOR because that is a VERY interesting new Layer 1 blockchain incubated by @stripe for payments.

[JUST IN] SHINHAN FINANCIAL GROUP PUSHES TO JOIN GOVERNANCE OF GLOBAL BLOCKCHAIN 'CANTON NETWORK' @CantonNetwork

@CantonNetwork about to flip @Cardano! With the news about @IOHK_Charles taking a break. Not all chains are going to make it. We will see more of this.

Thanks @JennSanasie and @dave_lavalle for having me on @Coindesk's Public Keys at the @NYSE to talk @StellarOrg, our partnership with @The_DTCC and the future of finance.

Who's in the process of obtaining a Federal Reserve master account again? 😏 #Ripple $RLUSD $XRP

🚨 Stellar just dropped Protocol 27 — "Zipper." 👀 Mainnet vote: July 8. It makes smart accounts first-class on #Stellar — social recovery, delegated signing, modular multisig. Cheaper, simpler, safer. The foundation for the next wave of wallets. stellar:native

We’re in New York next week. We’re joining @introductioncom and @ArcadiaGTM to bring together founders, institutions, and industry leaders during ETHConf. The conversations that move industries forward rarely happen on stage. Looking forward to the discussions that will shape what comes next.

JUST IN: Six U.S. senators urge Fed, FDIC, and OCC to reform Basel capital treatment of digital assets, calling 1,250% risk weight a de facto ban on bank crypto holdings.

🚨 UPDATE: Cardano founder Charles Hoskinson says he's "taking a break."

Most blockchains weren't built for regulated markets. @CantonNetwork is building one that is. Their infrastructure has even pulled in the likes of DTCC, J.P. Morgan, Visa, and other major institutions. If you haven't read up about Canton yet, make sure to check out our report on them.