Now Playing
Banks Bypass XRP, $1.81B ETF Paradox & CLARITY Act's Next Test
Audio is available on Spreaker — see link below.
Standard Chartered and HSBC just completed live tokenized settlements without XRP — while $1.81B in ETF inflows failed to lift the price. Today's briefing covers the structural threats, election fallout, and the compression building on XRP's chart.
Audio is available on Spreaker — see link below.
One point eight one billion dollars flowed into XRP spot ETFs over the past year. The price fell forty-six percent.
The more structural story this week is what Standard Chartered and HSBC did in Hong Kong, and it matters more than the ETF numbers. Standard Chartered launched twenty-four-seven tokenized deposit settlements using central bank money on live rails, bypassing XRP entirely.
HSBC's bank-issued Hong Kong dollar stablecoin, RedCoin, added six point seven million Hong Kong dollars in circulation in a single week, reaching the equivalent of eighty-seven point eight million US dollars in total. It's fully cash-backed and settling locally.
With voting concluded on November third, the midterm results now determine whether the CLARITY Act gets another run in Congress. The crypto industry spent one hundred seventy-six million dollars across more than one hundred races, with Coinbase, Ripple, and Andreessen Horowitz among the major funders.
XRP moved just two point four percent since Saturday, the tightest range since August's seventy-one percent breakout. Binance volume collapsed to twenty-eight million dollars on Saturday against a daily average of one hundred twenty-six million.
One technical update to flag: the fixCleanup three-four-zero amendment on the XRP Ledger could activate November fourth if validator support stays above eighty percent. This is a maintenance amendment, not a demand driver.
Chapter summary auto-generated from the verified script. Listen to the full episode for the complete content.