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šŸ’„DBS executes intraday repo transaction on JP Morgan blockchainšŸ’„
November 23, 2022
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Today Singapore’sĀ DBS BankĀ announced it had executed its first intraday repo transaction usingĀ JP Morgan’s OnyxĀ Digital Assets network powered by blockchain. Banks use repurchase agreements (repos) for short term funding by selling securities such as U.S. Treasuries, and agreeing to repurchase them later.

Repos are a massive market with more thanĀ $4 trillionĀ in U.S. dollar repos outstanding at any one time.

Since repos are intended for short term funding, the drawback is that settlement usually takes two days. Distributed ledger technology (DLT), with its instant settlement or delivery versus payment (DvP), makes it practical to have repo transactions that span a few hours rather than a day or more. Blockchain is powering other types of intraday funding, includingĀ swaps.

Andrew Ng, Head of Treasury and Markets at DBS, said that for repos, ā€œinfrastructural and technical inefficiencies meant the minimum term has usually been one day. In the past, banks around the world had to explore alternative routes for intraday financing requirements. Through leveraging efficiencies of a blockchain-based solution, we are able to raise USD funding in compressed timeframes which are beneficial to our liquidity needs.ā€

In the case of Onyx Digital Assets, in addition to tokenizing the repo security, the DLT repo solution also usesĀ JPM Coin, its blockchain-based bank account, to enable instant settlement.Ā 

DBS BankĀ is the first Asian bank to use the repo solution. Other announced participants includeĀ Goldman SachsĀ andĀ BNP Paribas. When BNP Paribas joined in May, cumulative transactions had reached $300 billion since theĀ Ā December 2020 launch.

ā€œThis is the first time that J.P. Morgan is acting as both Triparty Agent and Collateral Token Agent, which is an exciting development for the market,ā€ said Ed Bond, Head of Trading Services Asia Pacific at J.P. Morgan.

Unpacking Ed Bond’s statement, typically, Triparty agents are custodians that help with the management ofĀ collateral, such as calculating margin requirements and settlement, including handing over securities when a transaction completes. The collateral would be the underlying security in the repo transaction, such as a U.S. Treasury.

Where the collateral is tokenized, it needs an independent party to take the real world collateral, immobilize it, and tokenize it. And vice versa if the security is moved off the DLT platform. That immobilization and tokenization is the role of the Collateral Token Agent.Ā Ā 

Meanwhile, DBS Bank andĀ JP Morgan’s OnyxĀ unit have a close relationship. They are both backers ofĀ Partior, the Singapore-based blockchain payments network that is also backed by Temasek and Standard Chartered. And they are participating in the Monetary Authority of Singapore’sĀ Projet GuardianĀ that explores DeFi for financial institutions.

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If you knew who started Bitcoin...

ā€œIf you knew who started Bitcoin, and you had Bitcoin, you couldn’t sleep at night.ā€ - Dan PeƱa

"I know 100% if you knew who owned Bitcoin or who started Bitcoin you and you had Bitcoin you couldn't sleep at night. I know 100%."- Dan PeƱa

"When the real founder of Bitcoin comes out, it is my humble opinion, and there's nothing humble about me, Bitcoin will go to fucking zero. One day and a microsecond like."- Dan PeƱa

00:00:32
The institutions are here — for real this time. šŸ›ļøšŸ“ˆ

@Pythnetwork says they’ve been watching crypto for years, waiting for regulatory clarity.

Now the green light is on, RWAs are heating up, and all the ā€œfuture use casesā€ from two cycles ago are finally moving on chain.

00:00:35
IT HAS BEEN VOLUNTARY THE WHOLE TIME... FACT

šŸšØšŸ‡ŗšŸ‡ø TRUMP CONFIRMS HE'S CONSIDERING TOTAL ELIMINATION OF FEDERAL INCOME TAX

Trump dropped a bombshell during remarks, suggesting he might completely eliminate the federal income tax over the next couple years by replacing revenue with tariffs on countries that have been "ripping us off" for decades:

"For the next couple of years I think we'll substantially be cutting and maybe cutting out completely, but we'll be cutting income tax.

Could be almost completely cutting it because the money we're taking in is going to be so large.

Other countries who have been ripping us off for many many years, they've just been ripping us to shreds."

Source: @EricLDaugh

00:00:21
šŸ‘‰ Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? šŸ”œ

The future of Crypto x AI is about to go crazy.

šŸ‘‰ Here’s what you need to know:

šŸ’  'Based Agent' enables creation of custom AI agents
šŸ’  Users set up personalized agents in < 3 minutes
šŸ’  Equipped w/ crypto wallet and on-chain functions
šŸ’  Capable of completing trades, swaps, and staking
šŸ’  Integrates with Coinbase’s SDK, OpenAI, & Replit

šŸ‘‰ What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto šŸ‘‰txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

šŸ‘‰ Coinbase just launched an AI agent for Crypto Trading
🚨This Is Life-Altering Information!🚨

Time To Geek Out... Grab A Coffee..ā˜•

🚨 STEFAN MARINOV’S ā€œMAGVIDā€ PAPER: CLAIMS OF MAGNETIC-GRAVITATIONAL ANOMALIES & OVER-UNITY ROTATION 🚨

Analyzed nicely by @JustXAshton, a 1996 PDF by Bulgarian physicist Stefan Marinov—hosted on ScalarPhysics.com—describes a tabletop ā€œMagvidā€ (Magnetic-Vortex) device that he claimed rotated without external power, produced anomalous gravitational gradients, and generated over-unity energy. The document is often cited as experimental evidence for magneto-gravitic coupling and zero-point energy extraction.

šŸ”‘ Key Claims

šŸ”¹ Contactless Rotation: A ring of permanent magnets arranged in a specific toroidal pattern allegedly spun a ferrite disk at up to 1,200 rpm when shielded from air currents—Marinov reported no electrical input and no Lenz-law braking.

šŸ”¹ Gravitational Anomaly: Sensitive torsion-balance tests inside the Magvid’s bore purported to show a 1–2 % reduction in gravitational acceleration along the rotation axis—an ...

magvid.pdf

You are most likely migrated already, but if you have been hodling since 2018 and have not migrated your XPRT over yet, NOW is the time to do so...

🚨Important reminder for Persisters!

Coin-Type Migration from 750 → 118 closes on 31 Dec 2025.

If you’re still on 750, now’s the time. Migrating ensures your $XPRT continues to work smoothly across wallets and IBC-enabled features without disruption.

https://x.com/PersistenceOne/status/1993930396183220494

🚨 RIPPLE’S RLUSD STABLECOIN GAINS APPROVAL FROM ABU DHABI REGULATOR 🚨

Ripple’s dollar-backed stablecoin RLUSD has received full regulatory approval from the Abu Dhabi Global Market (ADGM), the first green-light from a Gulf-region financial authority. The nod allows Ripple to mint, custody and distribute RLUSD from the ADGM for institutional and retail use across the UAE and, under passporting arrangements, much of the wider MENA region.

šŸ”‘ Key Points

šŸ”¹ First Gulf Approval: ADGM’s Financial Services Regulatory Authority (FSRA) has formally registered RLUSD under its electronic-money framework, making it the first U.S.-dollar stablecoin licensed in Abu Dhabi and the broader GCC.

šŸ”¹ Institutional-Grade Reserves: Issuer must hold 1:1 U.S.-dollar reserves in ADGM-approved custodians with daily attestation and public reserve reporting; segregated bankruptcy-remote structure.

šŸ”¹ RippleNet Integration: RLUSD will be natively supported on RippleNet and the XRP ...

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Epstein-Linked Emails Expose Funding Ties to Bitcoin Core Development — Here Is What the Documents Reveal
  • Newly released emails show Jeffrey Epstein helped fund MIT’s Digital Currency Initiative, which supported Bitcoin Core development.
  • The documents also confirm that Leon Black donated to MIT’s Media Lab through Epstein-directed channels.
  • The revelations reshape part of Bitcoin’s early institutional funding history and highlight long-hidden influence from controversial donors.

Newly unsealed emails from theĀ House Oversight CommitteeĀ have shed fresh light onĀ Jeffrey Epstein’s hidden financial influence inside MIT’s Media Lab — and more importantly, how some of that money flowed into Bitcoin Core development. The correspondence reveals that Joichi Ito, then-director of the MIT Media Lab, relied on Epstein-connected ā€œgift fundsā€ to rapidly launch the Digital Currency Initiative (DCI) in 2015, the research hub that became one of the primary sources of funding for Bitcoin’s core developers.

Emails Show Epstein-Connected Money Helped Launch MIT’s Digital Currency Initiative

In the newly surfaced emails, Ito directly thanked Epstein for the financial help that allowed MIT to ā€œmove quickly and win this round,ā€ referring to the formation of DCI — a program explicitly designed to provide long-term support for Bitcoin Core contributors after the collapse of theĀ BitcoinĀ Foundation. Ito’s forwarded message to Epstein described how the foundation’s implosion left core developers without stable funding, creating an opening for MIT to bring them under its umbrella.

He explained that three major developers — including Wladimir van der Laan and Cory Fields — agreed to join MIT, calling it ā€œa big win for us.ā€ The email also highlighted early support from prominent academics, including cryptographer Ron Rivest and IMF economist Simon Johnson. Epstein simply replied: ā€œgavin is clever.ā€

Funding Numbers Reveal a Much Larger Financial Trail

MIT publicly claimed thatĀ EpsteinĀ donated $850,000 to the institution, with $525,000 flowing to the Media Lab. But journalist Ronan Farrow later reported the true figure was closer to $7.5 million — including a $5 million anonymous donation connected to Epstein associate Leon Black. The new emails appear to confirm that Black not only donated, but did so through Epstein’s direction.

One email from Ito to Epstein reads: ā€œWe were able to keep the Leon Black money, but the $25K from your foundation is getting bounced by MIT back to ASU.ā€

Ā 

Epstein responded: ā€œNo problem — trying to get more black for you.ā€

The documents reveal Epstein’s influence reached deeper into Bitcoin circles than previously acknowledged, even including early conversations with Brock Pierce — another figure with documented ties to both Epstein and controversy surrounding earlyĀ cryptoĀ foundations.

MIT’s Internal Concerns and the Fallout

The emails also expose MIT’s internal unease around anonymous or reputationally risky donations. After theĀ scandal broke, Ito resigned in 2019. MIT later tightened donation policies, warning that ā€œeverything becomes publicā€ eventually — a statement that now seems prophetic given this week’s disclosures.

Developers like Wladimir van der Laan say they were unaware of the extent of Epstein’s involvement and noted that DCI’s funding transparency ā€œwas not great back in the day.ā€ The Media Lab and DCI declined to comment.

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Science of the People and 3I/ATLAS

To paraphrase theĀ Declaration of IndependenceĀ in the context of science:

ā€œWe hold these truths to be self-evident, that all humans are created equal, that they are endowed with certain unalienable rights, that among these are the search for extraterrestrial knowledge, the liberty to deviate from the arrogance of dogmatists, and the pursuit of scientific truth.ā€

The human spirit is superior to artificial intelligence (AI) in its willingness to take risks and explore new territories of knowledge that are not restricted to past training data sets.

In a recent interview with a high-school girl, I was asked the question: ā€œwhat is your advice to young adults?ā€ to which I replied: ā€œmaintain your childhood curiosity, take risks to improve the world, but most importantly: give priority to human companionship over AI companions and follow primary sources of information rather than processed intellectual junk-food that is fed to you from your environment. The reason is simple: only critical thinking will make you smarter. The brain is like a muscle: you must use it in order to get better.ā€ After the interview, I was informed that the student is the daughter of an AI technology mogul with a net worth exceeding 10 billion dollars. When asked if she can share the interview’s video with her father, I replied: ā€œby all means.ā€

In a 3.5-hour podcast interview the following day, I was asked why is academia alienating the public? I explained that the communication port enabled in academia is often one-way, taking the form of scientists telling the public what they think it needs to know. This is no different than Marie Antoinette, the Queen of France before the fall of the monarchy during the French Revolution, stating: ā€œThere is nothing new except what has been forgotten.ā€

I do not see myself as different from any member of the public. I was born on a farm and fell in love with nature. When you are in love, you wish to learn everything you can about the subject of your love. Your ego, your recognition by peers, or your sense of self-importance, are secondary to the subject of your love. I entered academia under the illusion that tenure secures this path. But instead, I found myself surrounded by self-declared kings and queens who rule over communities of students and postdocs in echo-chambers that they built out of taxpayer’s funds. They are in love with themselves rather than with nature.

The scientific declaration of independence asks instead that we attend to the public’s curiosity because the public funds science. TheĀ 2020 Decadal Survey on Astronomy and AstrophysicsĀ identified the search for the molecular fingerprints of microbial life as the highest research priority, worthy of the investment of at least 10 billion years in the next two decades. The search for technological signatures of extraterrestrial intelligence was sidelined with no recommended funding. This stands in contrast to the public’s passion to search for aliens and not just microbes. The mainstream report recommended searching for microbes in distant houses, Earth-Sun analogs, on our cosmic street. But if any of these houses happens to host intelligent residents, these might send a package to our backyard in the form of interstellar objects likeĀ 3I/ATLASĀ or have a construction project in their backyard that is easier to detect than microbes. The scientific declaration of independence argues for hedging the bets and investing in both types of searches. But the gatekeepers of academia avoid the public’s passion for aliens.

Academia communicates science from a pedestal.Ā After 3I/ATLAS was discovered, I chose the alternative way of communicating the scientific process as the opportunity to explore an exciting possibility that 3I/ATLAS might be a technological object based on its 13 anomalies, listedĀ here. Even if this explanation turns out to be wrong, we must take it seriously because of its huge implications to society. Admitting that there are mysterious facts about 3I/ATLAS endows us with the curiosity to learn something new. Excluding the anomalies from the vocabulary of NASA officials alienates the public, because it violates the scientific declaration of independence. The proper way to address alternative interpretations of 3I/ATLAS is by explaining anomalies away, not by ignoring them.

The public’s passion must be respected, not sidelined. Once science is perceived as a learning experience of the people, not an occupation of the intellectual elite, it would receive increased federal funding and would address exciting problems that the public really cares about. Just as with AI systems, there is ā€œan alignment problemā€ in ensuring that scientists act in accordance with taxpayers’ intentions, values, and goals. Just as with AI systems: the problem stems from faulty training data sets.Ā Comet experts should add spacecraft to the icy rocks that they have in their training data set, because humanity produced such objects and most of the 100 billion stars in the Milky-Way galaxies formed billions of years before the Sun. In a billion years, the Voyager spacecraft will visit the opposite side of the Milky-Way relative to the Sun.

And then there are science popularizers, who are simply worried about being liked without practicing scientific research on the topics they speak about. I would not worry about them, because they will drift in the right direction once the mainstream of science practitioners will attend to the scientific priorities of the public.

Even if the interstellarĀ gift of 3I/ATLASĀ ends up being a natural iceberg, its revolutionary significance was in exposing major problems with the way science is pursued and communicated to the public. Here’s hoping that the passage of interstellar objects through the inner solar system will lead to a better future in which science is regarded as work of the people, rather than the work of the intellectual elite.

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Sugar, The Silent Killer!

Have you ever heard that scientists at Princeton University discovered rats given intermittent access to sugar showed identical brain changes to rats addicted to cocaine?

Yep, the same:

  • Dopamine receptors
  • Withdrawal symptoms
  • Relapse patterns

Yet you probably think the reason you can't quit sugar is because you're weak.

Every time you reach for that chocolate bar, you blame yourself for not having enough discipline or strength.

That couldn't be further from the solution you are looking for.

Trying to quit sugar with willpower is like trying to put out a gasoline fire with more gasoline.

The harder you resist, the bigger the explosion when you break.

A chocolate bar contains:

  • High fructose corn syrup
  • Refined white sugar
  • Hydrogenated oils

All of which causes these:

  • Type 2 diabetes
  • Heart disease
  • Chronic inflammation

When you eat that chocolate bar, your blood sugar rockets up, the pancreas floods your system with insulin, and your blood sugar crashes harder than it spiked.

Then, your brain screams for more sugar to escape the crash you just created.

My friend, none of this can be fixed with willpower.

You need a proper transition to let that poison out of your system on a CHEMICAL level.

Today, I want to share my complete 3-Part Natural Sugar Reset System (and why willpower isn't enough to cure sugar cravings).

1: Understand your chemistry to catch your patterns.

Before we start, I need to tell you one fundamental truth:

Not all sugars are created equal.

When you eat a fresh, ripe apple or grapes, you get;

  • Fructose wrapped in fiber
  • Water
  • Enzymes

You can forget about crashes and desperate cravings.

email

So, the question here isn't:

"How do you get more willpower to crave less?"

But more like:

ā€œWhy does fruit stop your cravings while processed sugar creates more?ā€

Fruit helps you finish the job processed sugar bars never could: achieve balance.

Long before nutrition labels and lab-made sugar existed, every culture treated fruit as a complete medicine, not a snack.
​
Ancient systems understood something we often forget today:

Sweetness only nourishes when it comes from a living source.

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Processed sugar carries sweetness without life: dried, bleached and heated.

Fruit arrives with a natural intelligence memory intact.

  • Sunlight stored in the flesh
  • Minerals drawn from the soil
  • Water content from the tree

Those qualities work together like a small internal ceremony.

  • Digestion slows.
  • Nerves settle.
  • Cells receive energy without confusion.

Cravings fade when the body recognizes the food as something it was designed to finish, not chase.

And most people blame their taste buds or their discipline when sugar cravings hit.

2: Calm your liver, kill the craving

Cravings don't live in your head. They live in your liver.

Have you noticed every healing tradition protects the liver?

  • Chinese physicians called it the ā€œGeneralā€ of the body
  • Ayurvedic healers viewed it as the fire that keeps everything moving
  • Traditional herbalists protect it the way a community protects itself

Processed sugar enters the liver without the balance that natural foods carry.

The organ works harder, heats up and tightens the body.

You feel this as:

  • Sudden hunger
  • Irritability
  • Sharp pull toward fast sweetness

Fruit’s water calms the internal fire and has a cooling, settling effect.
​
​
Its fiber regulates the pace.

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When the liver softens, your mind softens.

The craving loses its urgency because the internal ā€œnoiseā€ is gone.

3: Rewire the ancient reward pattern

Your brain built its sugar blueprint over thousands of years, eating whole fruit.

Processed sugar hijacked that blueprint 100 years ago.

You can rebuild it in 2-3 weeks.

Step 1: Eat fruit before you eat anything processed

Next time you want something sweet, eat 3-4 dates or a handful of grapes first.

Wait 10 minutes.

The craving either disappears or you eat less of the processed stuff.

Your brain starts remembering: "Oh, this is what sweetness is supposed to feel like."

Step 2: Create a daily fruit anchor

Your brain loves patterns.

If you always reach for chocolate at 3 pm, eat an apple at 2:45 pm instead.

Do this for 10 days straight.

Your body will start expecting fruit at that time, not the candy bar.

Step 3: Slow down when you eat fruit

Processed sugar trains you to eat fast - grab, chew, swallow, done.

Fruit requires a different pace.

Take one bite of a fruit. Chew it.

This teaches your nervous system that satisfaction can come slowly.

Step 4: Remove processed sugar from your space

You can crave what's not in your house. But you can't eat what's not available.

Make it difficult to reach out for processed sugar: ban them from your house.

If fruit is the only sweet thing available, your brain will adjust within a week.

Step 5: Make fruit your first food of the day

Whatever you eat first sets your body's expectation for the rest of the day.

Have at least 1 option from these:

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Fruit restores your original reward pattern.

Your brain receives a complete ā€œreward message,ā€ not a shock.

So, my friend, does fruit still sound like something you need to avoid?

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