This analysis provides a sobering reality check on the decoupling of corporate infrastructure profits from retail token value. It effectively dismantles the common fallacy that institutional adoption of a network automatically translates into financial gains for its token holders.
Deep Dive
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Deep Dive
RIPPLE XRP BRAD'S TRUTH BOMBAdded:
Happy Memorial Day to you all. As Brad Garlinghouse says, the new narrative is tokenization and Ripple is ready to move. We also got big news regarding Ripple and Tether doing something with stable coins that a lot of cryptos were supposed to do. Black Rockck dumped some crypto. No, they didn't. The people that own those ETFs did and Black Rockck sells for them. So, it's the people dumped the crypto and >> I say lots of naughty things. So, here's your warning. Happy Memorial Day to you all. Bitcoin 77,748 is 2130 while XP is at a$136. We're at least seeing some more green up on the screen. A little bit better than the lows we saw just 24 to 36 hours ago. Clarity Act odds though have fallen back down to 55%.
We really haven't seen too much optimism here with Clarity Act odds as it appears the clock is running out now. volume. We know it sucks. And why does it suck?
It's Memorial Day. And right now, the crypto market mimics the United States's financial calendar. So, if the United States has a bank holiday, guess what?
Crypto has a bank holiday. Volume right now for crypto, 63 billion in the last 24 hours. We talked about Black Rockck and those ETFs. There's your outflows right here. And that's what you have to think. Black Rockck isn't the one that's dumping the ETFs. Remember, people like you and I buy ETFs, institutions buy ETFs, and when we want to buy them, Black Rockck buys the stuff for us. When we want to sell, they sell it for us.
So, when you see these stories about Black Rockck shedding 1 billion in Bitcoin, that's because traders have sold. So, if the traders sell, Black Rockck does it for them. The juxosition drives notable debate as BTC holds near 77,000 suggesting other buyers absorb the supply pushed out by iShares IBIT Trust redemptions basically saying that look we had a whole crap ton of redemptions right a whole bunch of people dumping their stuff and the market was able to absorb it with the proof of Bitcoin at 77,000 the IBIT sales are mechanical when investors redeem their shares sell them The fund sells the underlying Bitcoin to cover the exit, then makes the $1.1 billion figure measure of client withdrawals, not Black Rockck institutional bet. IBIT is still one of the largest holder of BTC stockpiles globally. A position built during its record inflow streaks. Now, let's talk about a comment. Why? Well, because I think this one is extremely appropriate.
John Longress says this. Thanks for sharing your weekend again with us, Claus. Viewers, please remember that Monday is to honor those who never got to take off the uniform along with understanding the grief of their families. And it's not just about the people that couldn't take off the uniform. It's about those soldiers that couldn't give a last salute, the soldiers that couldn't get back home, the soldiers that made the ultimate sacrifice for all of us. So, happy Memorial Day to any and all of you that have military family ties. Y'all know that I do, right? My brother served in the army many, many, many years ago. And well, thank you to everyone's service.
Now, Tether is launching an official stable coin in Georgia with government support. But yo, bro, cryptos were supposed to be the payments. No, no, that was a [ __ ] narrative. Stable coins are the payments. Tether's new token is unusual in being launched by a private company in partnership with the government. Although Tether did not detail the nature of the partnership or whether it called the official stable coin amounted to a CBDC, Georgia's prime minister not going to try to pronounce the game. Head of the central bank Nadia Trernava and a member of parliament were quoted in Tether's statement by expressing support for Tether and financial innovation. A government spokesperson directed Reutder to the members of Parliament. This is what Tether said. Tether said the token will be a digital representation of the George and Larry called the gel with details on a structure roll out and implementation basically a stable coin for payments not crypto for payments because I know a lot of you got into crypto because you were told oh crossber payments and this and this. Well, guess what? Crossber payments are made mostly by what? USDT USDC.
Interesting. But now Tether is making a GE LT.
Why? Because that way they can do better with payments and stable coins are stable so they don't have to worry about slippage or any crapage like that. Let's do it on the comment. Zo Joey X says, "Clouse, are you interested in the SpaceX IPO?" I am, but not right off the bat. Um, SpaceX as a company is not making money. I want to make that clear to everyone right now. SpaceX as a company is losing money. So, the reason they're doing an IPO is to raise money.
Just because they do the IPO doesn't make them profitable. And that's what companies in the stock market need to be. They need to be profitable, right?
They only can be without profit for a while and then traders are just like, "Okay, we want profits." So, SpaceX, am I interested? Yes. Am I going to file for the IPO shares? No. Am I going to try to buy it right off the bat? No. I'm going to look at SpaceX just like I looked at Gemini. Interested, but not at their original valuation. I want to see if the market pumps it and dumps it like we saw with several other high-profile IPOs of companies that were losing money. Now, if SpaceX was making a [ __ ] ton of money, that'd be a different story. I'd probably want to get into it right away, but they're not. So, I'm going to be watching and I'm going to see if there's a big diperoni, you know, like after the initial uh kind of purchase like what we saw with Gemini and then I might get into it. All right, Ripple XRP news for you at the end of the video. Why? Because you, the viewers, matter most. BSN says this, Ripple Lab shares reach $136 on private secondary markets. All shares currently trading at 136.90 making a 376% increase in value. As Ripple shares go up, the price of XRP goes not up. Data suggests Ripple is maintaining one of the most liquid profiles in the private markets as institutions position themselves ahead of a 2026 public debut.
The whole thing is this. Brad Garlinghouse, Monica Long, they all said they don't want to IPO. why Ripple is making a [ __ ] ton of money. They have a [ __ ] ton of XRP in the piggy bank. So why would they want to IPO and then hold themselves accountable to public shareholders, which may in fact change the way they conduct business? They don't need the money. So no, I don't see Ripple going IPO this year, but their private shares are going up up and up.
Now, Ripple CEO Brad Garlinghouse said, "The real disruption in global finance isn't BTC, but tokenization and the infrastructure powering it." Okay. Okay.
Let's pretend that that's true. How the [ __ ] do you make money on tokenization?
If all of a sudden someone comes in and tokenizes stuff on XRP ledger, you don't make money on it. Ask Stellar XLM fans.
Stellar XLM fans, there's a shitload of tokenization on the Stellar chain. And yet, the price of XLM is 15 cents.
hasn't [ __ ] gone anywhere.
So, who's really going to make the money? Oh, it's Ripple and the companies issuing the tokenization, not the holders. His thesis shifts the conversation towards rebuilding how value moves across financial systems. In this model, the next phase of finance is defined by digital assets, programmable networks, and faster settlement rails.
Garlinghouse identifies settlement as one of the biggest inefficiencies in modern finance. Even advanced banking systems still depend on intermediaries, reconciliation layers, compliance bottlenecks, and outdated infrastructure. He describes the process as carrying a ton of friction.
Blockchain technology addresses this by enabling shared ledgers capable of real near-time settlement. Awesome. But again, how do you make money off of tokenization? There has been a [ __ ] ton of tokenization with Soul. Soul's price 86 bucks. Hasn't really broken out here as of much, has it, recently? No, it hasn't. So again, who would that benefit? It would benefit the infrastructure players in crypto, the custody players, the players that built the rails. That's not you or I, right?
See, Stellar has a crap ton of rails, right? But when people use those rails, you don't get paid per transaction fee.
You don't get a little juice off the top. No, you don't. You don't get a monthly or quarterly check saying, "Hey, you own XLM and people are putting a lot of stuff on these rails, so here's your cut." No, you don't get that. So, who really makes the money? See, when Benjamin Franklin, not Benjamin Franklin, sorry, Franklin Templeton and their Benji coin, I was going to try to say that together and I mixed it up.
When they launched, who made the money there? Stellar made the money because they were picked as the one to launch it on. I'm sure they got paid a fee to put it on that chain. And Franklin Templeton made the money as they were the issuer.
But did you make money on all those Benji tokens running on XLM? No, you didn't. So Garlinghouse says, "Yeah, the future probably isn't just BTC, but a lot of tokenization of which Ripple and other crypto companies would be making the money, not the token holders." Now, the private shareholders, oh, they're going to be making even more money. Why? These companies got big piggy banks and they don't owe [ __ ] to the XRP holders. They only have to have fiduciary duty to the private shareholders. And right now these companies have big war bags and are what? Are doing things like tokenization which makes them money, not the token holders. There's another comment for you. Mick 1223 says, "Yeah, big part of it is shutting off the search filter and letting it fly." Yeah, talking about my improv class last night. Still not happy with it. Can't be myself there. Have to reel it in. How would you feel if you wanted to improve your craft? See the reason I'm doing the whole You know what? Let's go big screen. See, the reason I started doing the improv class is so that I could present better for the channel here, right? So I could learn some new techniques, maybe help out those of you listening with a little bit of sound effects.
That's the straightforward moves tomorrow morning. A see what I did there? And that's why I did it, right?
Spent my own time. Sunday nights, money, you get my point in the first class.
Awesome. I got to be me. Yeah, I had to reel a little bit in with the language, but contentwise, I could let it fly. We were talking about butt plugs and dildos. We were ripping on people in the South with incest jokes. We had a little bit of naughty German humor in there.
You get my point this time around.
Uh-uh. Girlfriend, white gloves are on, [ __ ] gloves are on. Bubble wrap around the body cuz we don't want to get [ __ ] hurt. Yeah. So, I'm sitting here struggling because y'all know I like to let it fly. I like to tell you how it is. Just like I told you how it is regarding House is like, "Yeah, tokenization is where it's at." Awesome.
Where the [ __ ] do you make money on that? See, I couldn't do that at improv class last night. I can't just drop the fbombino like that. The first class I could. Oh, and on the first class, I could tell naughty jokes about the family trees in the south looking like a straight line, not a tree. And that the roots are connected to the branches. See what I did there? Can't in this one. So, I'm a little perturbed. So, driving home last night, I made a short to tell you exactly how I feel. Good, bad, happy, or sad. Last night wasn't sad. Maybe a little bad, a little frustrated. But either way, I shared it with you just like I share you the real news. And the real news right now is everyone keeps hyping tokenization.
But are you making money on tokenization? It's not like a dividend where you get paid every quarter for usage on the Stellar network. You're not going to get rich off the burn rate. We already did the math on that a million times. That ain't going to [ __ ] happen. So, who really makes money on tokenization? Brad Garlinghouse, Ripple, Stellar, Sana. Yeah, they do. Do we? Not unless you're buying tokenized gold on there and making money. So, yeah, if you own XRP, you own XLM and they start tokenizing the [ __ ] out of the chain, you don't make the minis, do you? No, you only make the minis on native token goes up. So, what does this mean for us?
Honestly, tokenization is cool. It's going to keep us relevant, but I don't know if it's going to bring us to the promised land price-wise like Clarity Act will and like rates coming down eventually, not in 2026, but in 2027, cuz inflation's way the [ __ ] too high. I want to see what happens with oil prices this week. I want to see what kind of progress we made with the straight hormuz if there's really a deal or if this is one-sided [ __ ] Because we've been lied to before. I was told this whole Iran thing would only take four to five weeks to get done. But guess what? We were lied to. I was also told we were going to have an ADA soul XRP strategic reserve. We were lied to.
But you know who's not lying to you?
This guy right here. Why? Because I bring you news. Good, bad, happier, sad.
Choo choo [ __ ] And happy Memorial Day. And thank you to everyone that has made the sacrifice. And thank you to the families out there supporting those that have made the sacrifice. And thank you to everyone that has served and that has come back. We appreciate all that you do. And the reason I'm here and the reason that most of you are able to watch and listen to shenanigans like this is because people fought for our freedom. So happy Memorial Day to you all. Choo choo what? Well, see you later today. Choo choo [ __ ]
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