Stablecoins & Tokenization Market Overview - Stablecoin market cap approaches $300 billion, with monthly transfer volume surging by 347% to $47 trillion [1] - Stablecoin holders increased by 2% in the last 30 days, nearing 200 million [1] - ROUSD is up almost 20% in the last 30 days, sitting at almost $700 million, with monthly transfer volume over 356% almost $36 billion [1] - Tokenization on the XRP Ledger has grown over 20% in the last 30 days, reaching almost $36 million [1] - Stablecoins now hold more US treasuries than countries like Saudi Arabia, South Korea, and Germany [1] - Tokenization market is currently at $2648 billion, while public networks hold close to $15 billion [6][7] Industry Adoption & Regulatory Developments - Traditional finance is embracing tokenization, with key developments including Fed supervisors signaling blockchain adoption and BNY and Goldman Sachs entering the stablecoin reserve business [1] - BNY and Goldman Sachs plan to launch a stablecoin reserve fund for regulatory compliant stablecoins [1] - EU plans to accelerate work on their digital euro, tapping into public blockchains in response to the Genius Act [2] - Japan's FSA will approve the country's first yen stablecoin, set to launch as early as this fall [2] XRP Ledger & Ripple's Role - XRP and the XRPL are central to Ripple's tokenization efforts, with the XRP Ledger being trusted by financial institutions for tokenizing and moving assets [7][8][9] - XRP Ledger facilitates high-speed, low-cost asset transfers with deep liquidity, supporting compliance at scale [9][10]

Market Trends & Volatility - ETH (以太坊) 在周末创下自 2021 年以来的首个高点，一度接近 5,000 美元，随后出现回调 [1] - 比特币和以太坊的价格回调至 rally 前的水平，与科技股的联动以及杠杆多头头寸的强制平仓是价格下跌的因素 [2] - 加密货币容易受到股市剧烈波动的影响，但监管利好、机构对代币化的兴趣以及企业 ETH 积累等因素支撑了价格 [3] - 以太坊的价格在 4,000 美元至 5,000 美元之间波动，这是一个新的价格区间 [3] ETH Specifics - 以太坊比比特币更具波动性，规模更小，用例更多样化，投资者投机性更强，供应动态也更复杂 [4] - 行业关注以太坊能否在年底前突破 5,000 美元 [4] - 特朗普政府的支持可能会促进以太坊基础设施的建设和实际用例的发展 [6] - 以太坊可以通过 Coinbase 等交易所进行交易，Coinbase 还在以太坊之上构建了 Layer 2 区块链，以支持新的用例 [7]

Stablecoin Market Growth & Adoption - Stablecoins are becoming a legitimate part of the financial system, with companies like Ripple playing a key role [1][21] - Keyrock Trading and Bitso's report projects stablecoins driving $1 trillion in payments [3] - Stablecoin adoption is accelerating, driven by TradFi's increasing interest to avoid being left behind [7] - The market sees blockchain as core financial infrastructure, as evidenced by more players launching their own blockchains [10] Stablecoin Supply Projections - By 2030, stablecoin supply could reach 26% of the M2 supply ($750 billion) in a bare case, 519% of the M2 supply ($15 trillion) in a base case, or 104% of the M2 supply ($3 trillion) in a bull case [4] - Current stablecoin supply is at 11% of the global M2 supply, indicating significant growth potential [5] Ripple & XRP's Role - Ripple and XRP are positioned to be major players in facilitating stablecoins and on-chain payments [17][27] - The XRP Ledger has real traction and institutional adoption due to its battle-tested nature and continuous improvements over 13 years [11] - The XRP Ledger's architecture, including low fees and deterministic finality, is being adopted by newer chains [13][14] - Ripple has been actively engaging with US regulators and central banks regarding the integration of stablecoins and CBDCs into the financial ecosystem [30][31] Regulatory Landscape & Future Outlook - The traditional financial system is outdated and crypto, including stablecoins, is seen as a solution [19][20][21] - Regulatory discussions and movements are progressing, with key legislation being signed into law [37] - Ripple, XRP, and ROUSD are expected to become a significant part of the US and global financial system [38]

Market Trends & Cryptocurrency Performance - Bitcoin initially surged following a cooler-than-expected July inflation report, reaching a new all-time high above $124,000, but experienced a pullback due to hotter-than-expected wholesale inflation data [2][3][6] - As of noon Eastern, Bitcoin was trading at $118,300, while Ether slid nearly 1% after approaching its 2021 record of $4,866 [2] - An expert predicts Bitcoin will reach over $150,000 by year-end and $500,000 by the end of the decade, with Ether posting similar gains [8] Regulatory Landscape & Institutional Adoption - The Genius Act, the first crypto legislation, focuses on stable coins and is expected to drive engagement from banks, credit card companies, insurance companies, and Fortune 500 companies [10][13][14] - Walmart and Amazon are reportedly planning to launch their own stable coins [14] - The Clarity Act, aimed at defining the roles of the SEC and CFCC in overseeing digital assets, is expected to pass within 60 days, providing further clarity for traditional finance and Fortune 500 companies [21][22] Stablecoins & US Dollar Impact - Increased stable coin adoption, particularly on the Ethereum blockchain, is seen as a bullish signal for Ethereum, with an expected 8x increase in stable coin ownership of US currency over the next several years [12] - Stable coins strengthen the US dollar by converting other currencies into dollars and investing in US treasuries, benefiting the American economy and federal fiscal policy [18][20] Investment Strategy & Market Outlook - An expert suggests that the current administration's support, favorable legislation, and institutional engagement make it safer to invest in crypto, recommending allocations of 10% for conservative, 25% for moderate, and 40% for aggressive long-term investors [26][28] - The anticipated influx of hundreds of billions, potentially trillions, of dollars into Bitcoin and other digital assets is expected to drive significant price increases [24]

Ripple and XRP Market Overview - The SEC case against Ripple is officially over, removing a significant obstacle and paving the way for new opportunities [1][2][3][4] - Industry anticipates a major shift in the crypto space, with a focus on creating a clear regulatory framework [6][7][8] - Ripple aims to drive mass adoption of crypto technology, which was previously hindered by the SEC case [9][10] ROUSD Developments - Epic Chain is expanding its XRP native infrastructure by integrating ROUSD, enabling native USD settlement across its ecosystem [11][12] - Mesh now supports ROUSD, accepting it as a payment option for merchants [12][13] - 20 million ROUSD was transferred from Ethereum to the XRP Ledger, signaling growth on the XRP Ledger [13][14] - ROUSD market cap is up 24% in the last 30 days, with monthly transfer volume up 28% [15] - Stable coin market cap on the XRP ledger is up 75% in the last 30 days [16] Ripple's Future Strategy - Ripple is focused on building liquidity across key currency pairs through cross-border payment solutions and XRP as a bridge currency [19] - The stable coin market is projected to grow from a few hundred billion dollars to 3-5 trillion dollars in market cap over the next few years [20] - Ripple is leveraging stable coins to make cross-border payments faster and at a lower cost [21] - The FX market, valued at $7.5 trillion per day, is ripe for disruption, and Ripple aims to tap into these markets [26] - Cross-border payments are forecasted to reach $320 trillion by 2032, with stable coins playing a crucial role [27] - Ripple acquired Rail Financial, which has $10 billion in annual processing volume and 12+ bank partners, to enhance its stable coin infrastructure [29]

Why don't we start off with the with the markets hitting new record highs once again after that CPI report that in all honesty it was kind of mixed. Uh you know headline was better than expected core was just slightly hotter than expected. What's your take on that.Well I think it was it's just a reflection of the fact that the market was bracing for a hot CPI knowing that not only was the Fed but economists were warning that we'd start to see inflation coming through uh in the July CPI report. So, I think i ...

Okay. Well, we'll watch that and other types of inflation as well. Let's square those circle earnings out tomorrow morning now with Owen Laauo from Oppenheimer.Owen, what do you have to believe about the future of this company to feel like you can buy it here uh even around these earnings. Yeah. Uh first of all, thank you for having me.I think you have to believe the huge disruption circle and USDC can uh do in this market. There are a couple of areas that they can do. First one crossber payments.The second ...

Market Trends & Cryptocurrency Performance - Bitcoin reclaimed the $120,283 level, climbing more than 1% [1][2] - Ether rose more than 2%, breaking the $4,000 level for the first time since December 2024 [2] - Chainlink partnered with Intercontinental Exchange (ICE) to bring foreign exchange and precious metals pricing data to the blockchain [4] - August has historically proven to be a weak month for trading, including in the crypto market [4] IPO & Investment - Bullish is boosting its US IPO target to a nearly $5 billion valuation, aiming to raise up to $990 million by selling 30 million shares priced between $32 to $33 each [5][6] - The Peter Thiel-backed Bullish confidentially filed to go public, driven by crypto treasuries and Circle's successful IPO [7] - President Trump signed an executive order meant to open retirement plans to alternative assets, including digital assets [7] Crypto Payments & Adoption - BitPay supports all major stablecoins and will add new stablecoins as they gain adoption [11][12] - BitPay is seeing new companies ready to accept crypto payments, including brands like LVMH, Joeop, Gucci, and Newegg [14] - The Genius Act clarifies rules around stablecoin issuers and could spur a new wave of tokens, which is an opportunity for BitPay [10][18] - Companies issuing US dollar-denominated stablecoins need to maintain a one-for-one backing, with $1 in reserve for every dollar issued, and comply with KYC and anti-money laundering regulations [20] Company Strategy - BitPay has been private since 2011 and does not currently have plans to go public [22] - BitPay has employed a Bitcoin treasury strategy since 2011 [22][23] - BitPay treats Bitcoin as its cost of capital, requiring investments to outperform Bitcoin's approximately 50% ARR [26]

ROUSD has been growing rapidly and I really do think that we are probably going to see this accelerate much more than we ever thought was possible in a very short amount of time. Now, in a video recently, I did talk about how I was going to do a deep dive in on the recent Ripple acquisition because there's definitely a lot of facts to go over. There's a lot of things to look into as well.And I really do think that this is probably something that's going to change the entire landscape for not just ROUSD, but ...

I I'll have to ask Stephen if he needs like a janitor or something over at the Sanan Smokehouse. Let's see. Cardano Gas fees are also better than ETHs. True. I think the problem there are stable coins. Yeah, they really did not do a great job on the stable coins for sure. Uh Jonathan says, "Selling alitcoin if they ever rally. " True. Ethalic. And I think that's it. Steve says, "Remember when you need when you used to try three hosts with Ben and James and Ben would get all aggravated that James wasn't corr ...