Telegram CEO Pavel Durov just posted this statement in his Telegram channel. This is his first communication since his arrest in France last month. Worth reading.

Every time I re-look at stablecoin numbers I’m just blown away. 0 to nearly $3T. Incredible —

Stablecoins growth over past four years. The RLUSD will bring TRILLIONS on chain to the XRP Ledger. That’s just ONE of the Stablecoins coming..

Money built for digital payment rails

0 to nearly $3T in quarterly stablecoin transaction volume.

And, under appreciated, is that the stock market produces significant tax revenue.

No real world use cases they said…

NOTE: Businesses alone are already scooping up almost all the new #Bitcoin supply mined which is at ~164k $BTC/year. That is before purchases of ➡️ ETFs ➡️ Governments ➡️ Exchanges ➡️ DeFi / smart contracts BTC supply deficit is more pronounced than most people realize.

Feels like a lose-lose situation, SFRU4 trades implying decent odds for 50bps cut already Also entirely possible nonfarm payrolls surprises to the upside Fold

The folks expecting a 50bps rate cuts have recency bias imo. 50bps is radical for the Fed. There's only one instance in the last 40 years it's gone 50bps during a non-emergency. I struggle to see it Still, will be nice to move into the rate-cutting cycle.

⚒️ SELF BI-WEEKLY DEV TEAM UPDATE ⚒️ #SELFReflection ⚙️ Utility Development Progress: SELF Wallet •⏳Just to clarify in regards to the wallet. The code-base is 99% complete, but we still need to finish several front-end and UI tasks, particularly around username functionality.

L2s are a game-changer.

A thought exercise: "We made a mistake back in July. We tried our best to forecast the natural rate of interest (which as you know is unknowable at the time so we control the nominal rate as best as we can to be ahead of the curve), and wrongly believed it to be higher than

L2s are a game-changer. ... and so is our new dashboarding tool. 😎📊

Self-custodial property rights in lawless countries is a critical use-case that's only possible thanks to bitcoin

Worst week for semiconductors since March 2020; NVDA has lost 2 ethereums of market cap in a week, Covid crash but for the most important stocks in America Is the thesis wrong or is there an election in 60 days IQ tests are all around us, always

Be curious and always be learning. Have big ears to listen. Be open to ambiguity. #PlayNiceButWin

Interesting: The probability of a 50bps rate cut in September is down, but the probability of more than 125bps in cuts by December is up.

The current net selling pressure in #Bitcoin appears to become exhausted, especially compared to the capitulation in early August.