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Интервью с заместителем председателя совета директоров B2B-платформы цифровой торговли «КИФА» Кайлом Шостаком...
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Динамика потребления складывается в пользу сохранения устойчивой инфляции...
submitted by /u/DryMyBottom [link] [comments]
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Растут акции «Полюса», «ЛУКОЙЛа» и «Сбера»...
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Сможет ли рынок завершить год на праздничной ноте?...
I like to read these spam emails for a laugh, see what kind of effort they've made. To be fair the email is well written and sounds legit, of the whole premise weren't so ridiculous 😅 Market conditions are so bad that a company supplying hardware wallets that barely has to provide support is going to fold? Yeah ok, I'll connect my wallet, what could go wrong? Still not at 500 characters, ok.. on a serious note, I don't even use my Trezor any more, I prefer Safepal, but why do the scammers have my email? Could be random but I don't think I've ever received Ledger scams. submitted by /u/Cannister7 [link] [comments]
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Акции в моменте подскочили на 6,7%, а затем замедлили рост до 2,1%...
ru-investing
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К 12:05 мск бумаги пребывают в плюсе на 4,98%...
Law regulates functions, not technologies! Settlement finality is defined by effect, not issuer. So courts care about irrevocability, not blockchains. Nothing here violates: US law EU law BIS principles CCP frameworks Since we know that the new system is simply being modular made to model the old with a neutral liquidity rtgs emergency backdrop. The first thing we should do is look at LEGAL TRUTH WHERE IT WILL ANCHOR!!! Modern finance already separates systems into four legally distinct layers: Execution – trading, matching, risk-taking Clearing – calculating obligations, margining, netting Settlement – final, irrevocable discharge of obligations Money / Unit of Account – what obligations are denominated in No crypto law changes this. Crypto inherits these distinctions. So lets fully model and scope it out here Old System → New (Crypto-Native) None of this interferes with the fact that execution environment assets are still commodities. Ledger vs Native Asset Commodity status is orthogonal to settlement status. A property of systems and arrangements. Security vs Commodity IS NOT THE SAME. DO NOT CONFLATE. The law ALREADY cleanly separates execution clearing settlement THE NEW BILL IN JANUARY IS ABOUT MARKET STRUCTURE LAW NOT PAYMENT SYSTEM LAW WHICH I ALREADY LISTED IN QUOTE!!! UNDERSTAND!!!!! Crypto does not abolish those layers. It re-implements it in software! Capital raising = Securities Law Trading and Speculation = Commodity/Exchange Law Clearing and margin = CCP / derivatives law Settlement Finality = PAYMENT SYSTEM LAW The Crypto Market Structure bill lives entirely in the first two rows..................... The bill is not going to redefine Settle Finality......................... A blockchain can be a commodity A token can be a commodity But the ledger itself is not automatically a settlement system On Ethereum like → execution + conditional finality On XRPL / XLM like → potential payment-system-style finality. On bank balance sheets → deposit-like instrument On CCP margin engines → collateral Execution layers get all the attention first from law and the markets and everybody gets all excited and "competition" competes with each other? Trading and Speculation domains There is no formal legal structure treating "confirmations" as irrevocable final settlement. They COULD be reorganised until a long chain depth. Cash settlement in gold is still final settlement. Gold is a commodity. RLUSD is a cash instrument whose legal meaning depends on where it settles. Execution ≠ Settlement Ethereum / Bitcoin record activity They do not legally end obligations Finality is probabilistic or deferred Clearing ≠ Settlement Canton / Corda are about agreement and netting They reduce risk but do not eliminate it They must hand off to settlement rails Settlement Is a Legal Property XRPL / XLM ledger state itself = finality No future reconciliation required Insolvency-safe by design if counterparties recognize it Stablecoins Are Chameleons RLUSD on Ethereum → execution-layer cash proxy RLUSD on XRPL/XLM → settlement-grade cash leg Same token, different legal meaning Which layer has legal finality and when does that layer reprice? At the moment of stress when needed. Its just mechanical and exist at the moment would specific requirements. Because the more fragmented execution becomes the more valuable neutral settlement becomes. Its what enables growth. Intraday liquidity Margin lubricant Fx Bridge Settlement buffer This is about fragmented execution environments on top of net settlement architecture where you END OBLIGATIONS not just necessarily move and create them. You price by throughput demand where you dont NEED TO sit on balance sheets necessarily. Many chains, one settlement truth to borrow,recycle and return. Tokens do not equal money Blockchains dont automatically mean settlement Execution doesnt mean finality. Deposits arent settlement money Stablecoins cant do it alone Tokens used to execute arent settlement These are specialized stress absorbers stacked in layers that micro and macro aligned in formated scales to different risk tolerances and timing windows and asset preferences based on the two parties interacting. There is no new money really just architecture that blind you if all you think about is token and not in modular understanding CBDCs anchor sovereign finality. Stablecoins and tokenized deposits move everyday cash. XRP and XLM provide neutral, real-time liquidity between systems. ETH and BTC like are where risk, leverage, and execution happen. Canton, Quant, and Chainlink synchronize law, instructions, and truth. The new game is mobilize collateral and settle programmed liquidity instantly before everyone else. Think of the system not as competing chains or coins, but as layers of trust, speed, and authority. At the top sits sovereign finality, provided by wholesale CBDCs. These are tokenized forms of central bank money designed primarily for banks and financial institutions, not retail users. Their role is not daily liquidity, but systemic backstop. In moments of severe stress, CBDCs replace the traditional discount window and swap lines with programmable, instantaneous settlement. This layer exists so the system never collapses — it is used rarely, but decisively. Below that is regulated cash and collateral, which includes RLUSD, USDC, tokenized deposits, and tokenized Treasury bills. This is the daily operating layer of global finance. It supports margin calls, repo markets, collateral substitution, and 24/7 liquidity needs. These instruments are legally recognized and tightly regulated, but they are not sovereign money. Their purpose is to keep markets functioning smoothly without constant central bank intervention. Underneath sits the most structurally important change: neutral settlement liquidity, provided by assets like XRP and XLM. These are not claims on anyone and carry no issuer credit risk. They offer deterministic finality and function like a modernized RTGS or CLS system, netting obligations across currencies, assets, and ledgers. This layer replaces the USD-as-rail while preserving the USD-as-unit of account, which is the key geopolitical distinction. To make all of this work together is the synchronization and coordination layer, composed of Canton, Quant, and Chainlink. Canton provides synchronized legal state and privacy for institutions. Quant routes instructions across multiple ledgers, acting like SWIFT for a multi-chain world. Chainlink supplies shared truth — prices, events, and settlement conditions. This layer allows multi-asset netting, coordinated margining, and legally enforceable settlement across otherwise disconnected systems. At the bottom is the execution, risk, and leverage layer, where ETH, BTC, DeFi protocols, exchanges, and traditional trading venues operate. This is where credit is created, derivatives are traded, leverage accumulates, and speculation occurs. It is also where stress originates. Importantly, this layer can grow and innovate freely without being mistaken for final money. ┌─────────────────────────────────────────┐ │ 🟦 Layer 1: Sovereign Finality │ │ Wholesale CBDCs │ │ Central bank money, crisis backstop │ └─────────────────────────────────────────┘ ↓ ┌─────────────────────────────────────────┐ │ 🟩 Layer 2: Regulated Cash & Collateral │ │ RLUSD, USDC, tokenized deposits, T-bills │ │ Daily liquidity, margin, repo │ └─────────────────────────────────────────┘ ↓ ┌─────────────────────────────────────────┐ │ 🟨 Layer 3: Neutral Settlement Liquidity │ │ XRP / XLM │ │ RTGS-style net settlement across ledgers │ └─────────────────────────────────────────┘ ↓ ┌─────────────────────────────────────────┐ │ 🟧 Layer 4: Coordination & Truth │ │ Canton / Quant / Chainlink │ │ Legal sync, routing, pricing, conditions │ └─────────────────────────────────────────┘ ↓ ┌─────────────────────────────────────────┐ │ 🟥 Layer 5: Execution & Risk │ │ ETH / BTC / DeFi / TradFi venues │ │ Leverage, derivatives, speculation │ └──────────────────────────────────────── submitted by /u/BlackjointnerD [link] [comments]
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