Forwarded from Theking62
https://x.com/xfinancebull/status/2067201086167941634?s=52
This is an excellent interview. I recommend everyone watches! Denelle Dixon is interviewing Sandy Kaul , the head of digital asset innovation at Franklin Templeton! Interestingly, she also sits on the board of the CFTC with regards to digital assets! As Emily and I have been saying for a long time, the CFTC will be the main oversight, regulatory body, not the SEC!
As they go through the interview, they cover so many things we have been saying are coming, and what benefits the people will see! Sandy states that the entire financial system will adopt Stellar technology! lol
A few topics of interest are how settlement of securities went from T +1 to 15 seconds on Stellar! How smart contracts can eliminate huge infrastructure and cost. How settlement costs on trades will go down to almost 0! She used the example of 50,000 transactions cost $75,000 in settlement costs under the traditional infrastructure. On Stellar it cost $1.13! Lololol
Those expenses, usually get taken out of the fund, so those savings actually go directly back to the people, which is awesome! As Emily and I discussed on our first couple of live streams together, when investing in funds, the fees are so astronomical overtime that the fund company keeps 66% of the profits and people don’t even know it!.
Now imagine that not only settlement fees drop, but also trading fee fees, management fees, custodial fees all drop astronomically! That would literally triple what an investor would get in returns! In fact, they would keep almost all of the money from the investment, reducing these companies simply to ones who facilitate transactions!
They talk about how easy it will be to transfer securities from one person to another without having to wait weeks, they talk about how they are able to update records second by second, which allowed them to pay interest on the fund intraday, which greatly benefits, the consumer!
Maybe you guys are not aware of it, but if you liquidate a money market in the middle of the day under the current system, you don’t get any interest at all for that day! Another way to screw people! But with Stellar, people get paid up to the minute they liquidate! That’s really significant!
They also illustrate how clueless the SEC was throughout this process and how little they know about blockchain! I would bet that almost everybody on QSI knows more than they do!
They talked about how people will have access to investments. Only the rich people or institutions were able to invest in. They talked about financial inclusivity. There’s so much good information here, but the main thing is they validate everything we’ve been saying for the last couple of years! The big changes are coming people! Get excited! lol😂 😂 😂
This is an excellent interview. I recommend everyone watches! Denelle Dixon is interviewing Sandy Kaul , the head of digital asset innovation at Franklin Templeton! Interestingly, she also sits on the board of the CFTC with regards to digital assets! As Emily and I have been saying for a long time, the CFTC will be the main oversight, regulatory body, not the SEC!
As they go through the interview, they cover so many things we have been saying are coming, and what benefits the people will see! Sandy states that the entire financial system will adopt Stellar technology! lol
A few topics of interest are how settlement of securities went from T +1 to 15 seconds on Stellar! How smart contracts can eliminate huge infrastructure and cost. How settlement costs on trades will go down to almost 0! She used the example of 50,000 transactions cost $75,000 in settlement costs under the traditional infrastructure. On Stellar it cost $1.13! Lololol
Those expenses, usually get taken out of the fund, so those savings actually go directly back to the people, which is awesome! As Emily and I discussed on our first couple of live streams together, when investing in funds, the fees are so astronomical overtime that the fund company keeps 66% of the profits and people don’t even know it!.
Now imagine that not only settlement fees drop, but also trading fee fees, management fees, custodial fees all drop astronomically! That would literally triple what an investor would get in returns! In fact, they would keep almost all of the money from the investment, reducing these companies simply to ones who facilitate transactions!
They talk about how easy it will be to transfer securities from one person to another without having to wait weeks, they talk about how they are able to update records second by second, which allowed them to pay interest on the fund intraday, which greatly benefits, the consumer!
Maybe you guys are not aware of it, but if you liquidate a money market in the middle of the day under the current system, you don’t get any interest at all for that day! Another way to screw people! But with Stellar, people get paid up to the minute they liquidate! That’s really significant!
They also illustrate how clueless the SEC was throughout this process and how little they know about blockchain! I would bet that almost everybody on QSI knows more than they do!
They talked about how people will have access to investments. Only the rich people or institutions were able to invest in. They talked about financial inclusivity. There’s so much good information here, but the main thing is they validate everything we’ve been saying for the last couple of years! The big changes are coming people! Get excited! lol
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X Finance Bull (@Xfinancebull) on X
🚨Stellar $XLM changed everything🚨
Franklin Templeton ran 50,000 transactions that cost $75,000 on legacy rails.
On Stellar? $1.13.
Read that again.
Seventy-five thousand dollars down to one dollar
That's not an upgrade
That's a revolution in cost
Franklin Templeton ran 50,000 transactions that cost $75,000 on legacy rails.
On Stellar? $1.13.
Read that again.
Seventy-five thousand dollars down to one dollar
That's not an upgrade
That's a revolution in cost
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Meta Platforms Inc. has secured new agreements to get AI computing power from data center developer Crusoe at two data centers, bolstering the infrastructure it needs to support an ambitious AI expansion. Those operations are located in Childress, Texas, and Warrenton, Missouri.
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Sandia National Laboratories and tech company Quantinuum published a paper in Nature reporting the performance of the company's 98-qubit commercial system, Helios, which debuted last year.
In operations that involved only one or two qubits, or quantum bits, the system demonstrated very high fidelity—99.9975% and 99.921%, respectively. The results establish Helios as the company's largest and most reliable quantum computer to date.
"As a national resource, we are committed to accelerating quantum computing technology in support of economic and national security," — Sandia senior manager Mike Descour said.
Sandia assesses emerging opportunities and threats stemming from quantum information science for the U.S. government. These areas include cryptography, pharmaceutical research, energy science, advanced sensing and communications, all of which are key to national security.
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Bernie Sanders is making the case that since modern AI systems were built using the intellectual and creative outputs of all of humanity, the revenues they generate should go directly to the people—not just to a small cohort of tech moguls.
That amount “will probably go up as AI becomes more prosperous,” — Senator Sanders said. The fund could also eventually funnel “significant amounts of money … into social programs, making sure that all Americans have healthcare, education, decent housing, and other basic necessities of life.”
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The malware dubbed a “crypto clipper,” has been spreading via infected USB drives to target Windows users’ crypto wallets since February, according to Microsoft.
Microsoft recommends disabling AutoRun for removable media, blocking .lnk file execution on USB drives via group policy and restricting script hosts such as wscript.exe and cscript.exe. Microsoft Defender customers can also run hunting queries to check for related activity, including connections to a local Tor proxy on port 9050.
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Jio Platforms, controlled by Billionaire Mukesh Ambani, is considering launching a low-Earth-orbit satellite network in India to strengthen its nation’s communications infrastructure, Managing Director Akash Ambani said at Reliance Industries’ shareholder meeting.
It is also partnering to lease capacity from global providers so that “we can accelerate service availability while building our own long-term sovereign capability,” he said.
#BRICS
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Scatec ASA’s Obelisk solar and battery storage project in Egypt can save the country as much as $400 million a year in liquefied natural gas imports, according to CEO Terje Pilskog.
The Norwegian developer’s roughly $600 million project is expected to become Africa’s largest hybrid solar and battery installation when completed in the middle of this year. The 1.1-gigawatt solar and 200 megawatt-hour storage facility will supply the Egyptian Electricity Transmission Company.
#BRICS
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⚡️🇺🇸 Trump Unveils Refitted Qatar-Donated Jet to Be New Air Force One
President Donald Trump on Friday displayed the Boeing Co. 747-8 that will serve as the new US presidential jet, proclaiming the gifted plane from the Qatari government “virtually double the size” of the previous model.
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President Donald Trump on Friday displayed the Boeing Co. 747-8 that will serve as the new US presidential jet, proclaiming the gifted plane from the Qatari government “virtually double the size” of the previous model.
“This is considered the world’s most luxurious plane,” Trump said in front of the aircraft, inside a hangar at Joint Base Andrews. “When it was built, it was built at a level that will probably never be seen again.”
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Archax, the UK/EU regulated digital asset platform, announced the launch of $GOVY, a tokenised, perpetual US Treasury Bill (T-Bill) product, designed to align with high-quality liquid assets (HQLA) principles. $GOVY gives investors direct, legally-enforceable exposure to auto-rolling, short-dated US government securities with embedded on-chain settlement, custody and delivery rights - and with no active management required by the investor.
“$GOVY brings together the safety and familiarity of US T-Bills with the operational advantages of tokenisation,” said Graham Rodford, CEO and co-founder of Archax. “Professional and institutional investors can now access government yield in a structure that is fully regulated, legally robust and operationally simple - without the friction of traditional settlement cycles, SPVs or fund wrappers.”
Investors can subscribe through an Archax brokerage account, or from whitelisted wallets using eligible stablecoins. Archax purchases and tokenises the corresponding T-Bills, which are held 1:1 in regulated custody. As each T-Bill matures, it is automatically replaced within the $GOVY token by the next equivalent short-dated instrument, providing perpetual, continuously rolling exposure. Investors can redeem $GOVY for stablecoins or take delivery of the underlying T-Bill at any time. Importantly, investors retain legal ownership of their specific underlying T-Bills throughout.
The launch of GOVY tokens marks another milestone in Archax’s mission to build regulated infrastructure for the tokenisation, custody, trading and distribution of both cryptoassets and real-world assets.
#Stellar
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Senator Bill Hagerty is discussing the CLARITY Act, and this video is fueling fresh bullish sentiment around XRP and XLM. The reason is that Hagerty sits on the Senate Banking Committee.
He said the CLARITY Act is taking the crypto space toward “the type of certainty that’s necessary to bring the entire digital asset framework into full-blown opportunity here in America.” He drew a direct line to his own legislative track record, noting that the GENIUS Act, which he authored, brought the U.S. into the digital payments arena.
He said digital assets “have a much more varied use” and added, “We need to get this done. It’s important to get it done. It’s critical to maintain America’s innovation edge.”❗️
On timing, Hagerty said the bill will likely garner more attention after the July recess period, and he hopes to see it concluded before the end of July.
#Stellar
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Lesotho signed a 900 million loti ($55 million) agreement with the World Bank to boost its economy. The funds will be used to expand electricity access, strengthen skills development, and improve nutrition, Government Spokesperson Boitelo Rabele said in a statement Friday.
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A team of researchers from China and Japan has developed a ultra-flexible brain implant electrode array. It overcomes a major hurdle in brain-computer interfaces (BCIs): the physical mismatch between stiff metal electrodes and soft brain tissue, which typically leads to chronic inflammation and signal degradation.
Researchers tested the flexible brain implant in animal trials. Interestingly, it achieved long-term signal clarity and safe, stable functionality over an 18-month period.
BCIs are advancing rapidly, but their long-term survival inside the body has always been the weak point. Invasive brain implants should ideally last a lifetime rather than just a few years. This new class of organic hydrogel could eventually solve the gap between machine and mind, offering a durable solution for the long term.
#BRICS
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Norway is imposing a near ban on the use of generative AI tools by elementary school pupils while also restricting their use in the education of older children to prevent a negative impact on learning, the country's prime minister said.
“Using AI increases the risk that young children skip important steps in their education,” — Prime Minister Jonas Gahr Stoere said.
In 2024, Norway banned smartphones from classrooms, requiring students to lock their devices up during school hours. According to a study published by the Norwegian Institute of Public Health, bullying decreased across the board, and grade point averages started to climb once the device restriction was implemented. The nation followed that up with a planned social media ban earlier this year, which would keep anyone under the age of 16 off social platforms.
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⚡️🇺🇸 🇮🇷 Iran-US Talks to Take Place Sunday in Switzerland, Pakistan Says
Iran and the US will hold technical-level talks on Sunday in Switzerland, Pakistan’s Ministry of Foreign Affairs said. Mediators from Pakistan and Qatar will also participate in the discussions.
JD Vance is expected to travel to Switzerland today as preparations continue for talks with Iran.
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Iran and the US will hold technical-level talks on Sunday in Switzerland, Pakistan’s Ministry of Foreign Affairs said. Mediators from Pakistan and Qatar will also participate in the discussions.
JD Vance is expected to travel to Switzerland today as preparations continue for talks with Iran.
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At Unreal Fest, the company unveiled a roadmap for the next 12 months, promising significant upgrades in the form of Epic Games Launcher V2. The v2 launcher will supposedly open up 5x faster on average upon cold boots, while restoring it from the system tray will be 6.5x faster on average.
The biggest change is a redesigned storefront that's truly personalized to the individual user. Games will be recommended based on taste and playstyle, while the game pages will try to do more than just show the price, title, and cover.
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