There are days when history appears in the form of a timeline with a brilliant "ISO 20022 Badge", a briefcase inscribed "Quantum Ledger" that whispers seductively.
While everyone talks about the 10th anniversary of #Ethereum , few notice that on July 31, exactly 11 years ago, the Stellar protocol was born.
Stellar was initially launched on July 31, 2014, along with the Stellar Development Foundation (SDF), a nonprofit organization that supported it. It was co-founded by Jed McCaleb and Joyce Kim.
If #XRP is the Central Bank's ATM and #QNT is the universal translator between blockchains, #XLM is the protocol that sits in a corner and distributes wealth.
🔑 You get liquidity, a microcredit, an unbanked sovereign wallet with KYC-lite AI protection. The monetary teleportation platform for the people.
📝 Want to see its resume?
🎖️ Stellar complies with the ISO 20022 standard, and XLM is its digital passport.
🎖️ No mining. No wasted energy. No intermediaries called Chad.
🎖️ Micropayments.
🎖️ Fixed supply (around 50 billion tokens). No hidden inflation, no economic voodoo.
🎯 And let's not forget that:
- Circle → Stellar is the launch platform.
- Franklin Templeton → Tokenized assets? Also Stellar.
- MoneyGram → Cross-border payments for operations not made of memes? Stellar again.
- #PYUSD from PayPal? Guess who just hired the former of Stellar? Exactly.
Fractional redistribution of wealth? Here’s the trick:
1 XLM = 100 million #Stroops.
🔎 These micro-units are designed to distribute wealth and can segment demographics, geolocations, and even smart contracts.
⚙️ It’s about interoperable, sovereign finance in a monetary system where individuals, governments, and institutions can participate in real-time.
And in this new system, its mission is to connect the dots.
🇺🇸 The Law #GENIUS has been approved in the Senate, returning the role of competitiveness to the United States and that, together with the Emirates, they are going to literally take off into the new era of the internet of money.
🇪🇺 Meanwhile, in Europe we are dedicated to chasing and punishing innovation, with tech hubs, companies, and #crypto startups that struggle to operate within the legal framework.
🏁 Tether, Circle, and PayPal have licenses to operate on a global scale. Europe has a license to invite founders, investors, and builders to leave with them.
⚖️ The proposed regulation for the #stablecoins establishes that only authorized entities, such as banks, #fintechs, or state-approved issuers will be able to issue them.
⚙️ These must be backed in a 1:1 ratio by secure reserves like cash or Treasury instruments. Additionally, monthly auditing is required, strict rules for their redemption, and obtaining federal licenses that prevail over state ones.
🏛️ The assets must be held in trust banks under federal supervision, and the Treasury will also have authority over stablecoins issued abroad.
🤔 Meanwhile, the family #Trump silently reduced their stake in World Liberty Financial from 60% to 40%, potentially cashing out an estimated 190 million dollars, with 135 million dollars presumably destined for the President.
🇺🇲 The acronym #TACO (Trump Always Chickens Out) might not sit well with the president. Friday's headlines suggest he is looking to prove his critics wrong.
🌐 In a strong escalation, the United States announced the expansion of technological sanctions against #China and doubled steel tariffs to 50%, triggering widespread risk aversion in global markets.
🛡️ The digital asset market was not spared, with nearly one billion dollars in positions liquidated since Friday. Even BlackRock's #ETF IBIT BTC broke its record streak of 34 days of inflows, registering 430 million dollars in outflows. However, #Bitcoin has notably remained calm.
🏆 While some investors fled, others doubled down on their bets. Strategy and Metaplanet are certainly not among the cowards. The latter raised about 114 million dollars after the liquidation, raising their total holdings to the symbolic figure of 8888 units.
🔑 Despite the volatility, it remains above 102,000 dollars, demonstrating underlying support. Volatility in the #frontend has steadily decreased, and risk reversals have begun to normalize across all terms.
🔑 This indicates that moderate price action is expected in the short term. Perpetual funding has stagnated, reflecting the recent wave of leveraged positions.
🔑 Looking ahead, it is likely that tariff tensions will dominate the macroeconomic narrative until June, with significant monetary policy timelines only coming into effect starting July 8.
🔑 Our friend may stay within a range, making it crucial to monitor the levels of 100,000 and 110,000 dollars, given their status as #strikes with the highest open interest by the end of the month.
⏳ One thing is certain, computing index at constant highs, and an incessant and timely supply and demand shock at its appointment.
🌐 Bitcoin's reaction to last Friday's macroeconomic events was relatively moderate, even with a strong rise in stocks.
💰 Institutional demand for ETFs remained stable, providing underlying support. Still, the initial implied volatility remained firm, with Bitcoin consolidating in a narrow range of $107,000 to $110,000.
🏆 The sustained increase in short-term volatility suggests that traders are positioning themselves, given the overall risk ahead of the Bitcoin conference in Las Vegas, scheduled from today until May 29.
✍🏻 The Nashville Bitcoin Conference held last July offers a useful analogy. At that time, a #Trump conference coincided with a strong increase in one-day implied volatility above 90.
⏳ And followed by a rapid reversal and a drop of nearly 30% of our asset in two days. That episode continues to shape market memory.
🎯 While the probability of a similar drop seems low, positioning suggests a defensive trend. Open interest in perpetuals has decreased and funding rates have normalized in the last 24 hours.
🤔 Some retail traders have reduced their exposure. Demand for short-term bearish positions remains in the spotlight.
🔎 Bitcoin is likely to remain within a range in the short term. Once the event passes and key speeches conclude, initial volatility is expected to compress as risk premiums fade.
We can always rely on a fun fact: Bitcoin has the same number of users as the internet in 1999.
✍🏻 Let them make you believe that now Michael Saylor from Strategy and Jamie Dimon from JP Morgan "are friends" because the banker has understood the potential of #Bitcoin is laughable.
Look, JP Morgan is closely related to the largest hedge fund called Blackrock.
Larry Fink CEO of Blackrock, and through JP Morgan, "influenced" the decision for BBVA to invest in a "Startup" in 2015 then called Coinbase.👇🏻
Why do I connect you to Blackrock, JP Morgan, BBVA and Coinbase? Because they, unlike what retail does, have a clear understanding of where the new form of money is heading.
With equities under pressure, a persistently cautious Fed, and the U.S. credit rating highlighting Washington's fiscal vulnerabilities, Trump seems to be feeling the heat.
On Saturday, the president lashed out at Walmart for raising prices in response to tariffs, even indicating his willingness to travel to China to resume trade negotiations.
However, #Bitcoin remains relatively well, briefly reaching $107,000 on Sunday. The initial surge was likely triggered by Metaplanet's purchase of $104 million, which added to Strategy's usual weekend accumulation.
That said, the movement, which also caused an increase in perpetual funding rates, was fleeting. Traders with long positions took the opportunity to secure profits, leading to liquidations in leveraged long positions.
While Bitcoin has regained its weekend gains during trading in Asia, it remains firmly within its recent range, driven by a notable uptick in institutional demand. #ETFs continue to attract inflows, indicating strong underlying support.
What is surprising is its ability to rebound over the weekend despite the risk aversion in equities following the downgrade of the U.S. credit rating by Moody's.
This reinforces its positioning as a legitimate store of value, a narrative that continues to gain traction and could serve as a long-term catalyst.
Despite the sideways price fluctuations and persistent macroeconomic uncertainty, cryptocurrency volatility remains relatively high. In particular, the buying trend for Bitcoin remains intact across most timeframes, suggesting a structurally bullish outlook.
📊 Bull markets usually see long-term holders capitalizing on price increases by taking profits.
The current cycle reveals a unique dynamic of alternating waves of distribution and accumulation. Thanks to Glassnode, we observe the following landscape:
🔹Distribution Wave 1: - 929,000 units sold.
🔹Accumulation Wave 1: + 817,000 units bought.
🔸Distribution Wave 2: - 1,100,000 units sold.
🔸Accumulation Wave 2: Currently +278,000 units bought.
🔎 Selling pressure of over 2 million Bitcoin has been absorbed, and re-accumulation offsets much of the distribution.
🧩 This balanced approach creates a more controlled market environment, characterized by price increases followed by sideways consolidation as investors redistribute their positions.
🏦 Last night's meeting offered few surprises. The Fed kept the federal funds rate unchanged and reiterated its tired narrative: a resilient U.S. economy, a tight labor market, and inflation still hovering just above the 2% target.
🎯 While tariffs inject new uncertainty into economic outlooks, Powell remained cautious but calm. He reiterated that the cost of patience is "quite low," indicating that there is no urgency to cut rates.
📊 But markets are not waiting. Current prices reflect expectations of three cuts of 25 basis points in July, September, and December.
🇺🇸 #Trump unleashed a wave of risk appetite this morning by announcing a major trade agreement, with market speculation pointing to the UK as a possible counterpart. The outlook was enough to boost action across all assets.
💱 #Cryptoassets responded swiftly and positively. #Bitcoin rose by 2.74%, definitively reclaiming the psychological level of $99,000. Meanwhile, Ethereum surged by 6.89% during the Asian session, breaking out of its three-week consolidation range.
📞 There is a spike in demand for bullish call options, particularly those for May and June. This flow indicates growing optimism as traders position themselves for further gains in response to the improved macroeconomic context.
🔎 Attention will focus on whether this rally holds or if it runs the risk of fading in line with the typical trend of "buy the rumor, sell the news."
🔑 For now, tactical caution. Until #Bitcoin closes above $100,000 in the daily market, there is limited reward in maintaining momentum at current levels.
New Hampshire has enacted law HB 302, becoming the first American state to create a Strategic Reserve of Bitcoin and Digital Assets.
The law allows the state treasury to allocate up to 5% of its funds to digital assets with a market capitalization exceeding 500 billion dollars, currently only #Bitcoin. It will take effect in 60 days.
Setting the bar at half a trillion excludes many projects, arguing that this eliminates #memecoins from the equation, but in the end, there are "protocols" that will come to light with private capital funding.
The strategic reserve is good news from an institutional standpoint, but there are things that technology has not come to change, and that depend on the same old players.
That #ETFs are a financial lever is nothing new. But do they offer the same thing? Or does one financial instrument feed into another?
⚡Tether.ai: From stablecoins to the future of free software⚡
🌐 Tether, globally known for its stablecoin #USDT , has ignited engines in a new strategic direction: artificial intelligence.
Under the leadership of its CEO Paolo Ardoino, the company has just announced the development of an open-source platform aimed at bringing #IA directly to users' devices, with the goal of decentralizing, empowering, and protecting digital privacy.
The announcement comes just as #USDT approaches a new all-time high in circulation, with a supply nearing 150 billion dollars.
While its stablecoin consolidates its dominance in the crypto liquidity markets, Tether demonstrates that its technological vision goes far beyond digital money.
This shift in the company’s strategy could be the beginning of a change in regulations, as well as in the democratization of the user?
⛏️ Bitcoin mining is a process that requires a large amount of energy due to the complexity of the mathematical calculations necessary to validate transactions.
📊 According to recent estimates, the global energy consumption of Bitcoin is around 138 TWh/year, which is approximately 0.54% of the world's energy consumption.
🌐 Comparison with Countries:
This consumption is similar to that of Norway (135 TWh) and Sweden (137 TWh).
At its peak, Bitcoin mining has consumed up to 148.87 TWh, representing more than 50% of Spain's annual electricity demand.
🔎 Where does this energy come from?
52.4% comes from sustainable sources such as hydroelectric, wind, nuclear, and solar.
38.2% comes from fossil fuels, mainly natural gas.
Why is so much energy needed?
The Bitcoin mining system uses the Proof of Work mechanism, where miners must solve complex mathematical problems to validate transactions.
The higher the value of Bitcoin, the greater the incentive to mine it, which increases energy consumption.
♻️ Environmental Impact and Future.
Despite its high energy consumption, Bitcoin mining is evolving towards more sustainable sources.
With the advancement of more efficient technologies and the use of renewable energy, the environmental impact could be reduced in the coming years.
🤔 What do you think about Bitcoin's energy consumption? Do you think it should be regulated more? The infographic created provides the energy expenditure in cost per mined unit of Bitcoin for each country.
🪙 Tether, globally recognized for its stablecoin #USDT , has announced that its gold token, Tether Gold (#XAUT ), is now backed by a historic record of 7.7 tons of the precious metal.
🌐 This figure not only reflects the robustness of its financial infrastructure but also the growing preference of global investors for digital assets anchored to tangible goods in times of economic volatility.
✍🏻 Each token #XAUT is backed by one troy ounce of physical gold stored in secure vaults in Switzerland, ensuring top-tier custody.
⚙️ Its architecture allows users to enjoy indirect ownership of real gold while maintaining the flexibility of fast transactions and reduced costs, characteristic of the crypto ecosystem.
⛓️🛡️ Tether Gold has emerged as a solid alternative, combining the historical stability of gold with the liquidity and efficiency of technology #blockchain .
🟠 Four addresses of #Bitcoin hold 678,657 units, valued at 45.5 billion dollars, which represents 3.23% of the total supply.
This is equivalent to more than 50 million #Plankton wallets combined.
🌐 Satoshi, BlackRock, or the exchange platforms are the big players, and although it is "known" who controls them, they dominate the market by volume.
✍🏻 This only means one thing: The more knowledge you acquire about the stage we are living in, the less risk you will have of being manipulated by the big wallets.
🌊 And not only that, you will be able to take advantage of market corrections, surfing the tail of these giants to collect part of their harvest.
For the first time in history, global cryptocurrency markets have reached a volume greater than that of VISA and Mastercard combined.
🟠 Digital assets: 18.5 trillion dollars.
💳 VISA and Mastercard: 8.2 trillion dollars
More than double.
💱 While the U.S. dollar is used in nearly 50% of global payments, the highest level in over 12 years according to Macrobond, China is accumulating gold at an accelerated pace.
🇨🇳 The central bank increased its gold reserves by 5 tons in March, marking its fifth consecutive monthly purchase.
🪙 With 2292 tons, they represent 6.5% of their total official reserve assets.
🏦 According to Sachs, China bought the impressive amount of 50 tons of gold in February, ten times more than officially reported.
📊 In the last three years, China's gold purchases in the London over-the-counter (OTC) market have far exceeded the official figures.
✍🏻 If you shoot up the monetary supply (printer), and allocate those funds to safe-haven assets, it only means one thing.
📝 You are preparing for a financial and economic model shift, where the first asset only serves as leverage for the next.
⚡Pyramid of Supply and Strategy in Asset Management⚡
🔼 The supply pyramid of an asset is a conceptual model that classifies the different forms of availability and access to an asset based on its exclusivity and value.
📝 This approach is particularly useful for defining offerings in sectors such as real estate, finance, culture, or technology. It allows understanding how supply levels are interrelated and how demand influences them.
🔑 Base Level: Generalized Access.
This is the availability accessible to the majority. It generally has a reduced individual value but generates great reach.
🔑 Intermediate Level: Conditional Access.
Requires a greater commitment from the consumer. This level is ideal for those seeking something more exclusive without being highly restricted.
🔑 Superior Level: Exclusivity.
Here are the most valuable and restricted options. This level is aimed at an audience willing to pay more for exclusivity and added value.
Thus, one can optimize the supply strategy of an asset, segment the audience, and generate a personalized experience for consumers.
Moreover, it also helps maximize revenue by adapting the #supply to different levels of demand and purchasing power.
It is a powerful tool for understanding how an asset can be managed and valued according to the audience and their needs.
On this occasion, we have used the pyramid to define three types of value exchange. The image speaks for itself.
📝 #HSBC temporarily suspended its services this weekend for scheduled maintenance of the "Faster Payments System".
But this is what they don't say:
🔹They move more than 275 billion dollars a day through global payment networks.
🔹They manage between 70 and 90 trillion dollars a year through SWIFT, SEPA, or CHAPS.
🔹They have publicly praised #XRPLedger and discreetly tested the pathways of the blockchain protocol.
🌐 In reality, they are already aligned with #ISO20022 the messaging standard of the new financial system. This is not a routine update. It is an internal transformation. When they say "maintenance" they mean "migration".
When large banks change strategy, they don’t announce it, they just do it.
⚙️ Proof of this is that one day after the announcement from HSBC, Coinbase Derivatives submitted its applications to the CFTC to include #XRP futures contracts, which are set to go live today.