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James Wynn Holds Losing S&P 500 Short as Liquidations Reach 22
- James Wynn has been liquidated 22 times on his S&P 500 position.
- He still holds a $530,900 short at 50x leverage despite $73,100 in losses.
- The S&P 500 has gained over 13% since Wynn's April call to short US stocks.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
As Earnings Season Peaks, Jim Cramer Highlights These 10 Rules for Investing
- Jim Cramer restated his 10 personal rules for investing on Mad Money.
- The segment landed during the busiest stretch of Q2 earnings season.
- Nvidia's late-August report remains the season's biggest test left.
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XRP ETFs Keep Drawing Cash, So Why Is the Price Down 40%?
- XRP ETFs pulled in $27.29 million in July, extending a four-month inflow streak.
- The token trades near $1.08, down roughly 40% since January, per CoinGecko data.
- Bitcoin and Ethereum funds still dominate, pulling in $172 million and $365 million in July.
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The Self-Proclaimed Satoshi Nakamoto Attacks Bitcoin Governance Model
- Craig Wright resurfaced on August 2 with a sharp critique of the Bitcoin governance model.
- He argues the base protocol should stay permanently fixed to prevent control by developers.
- A UK High Court ruled in 2024 that Wright is not Satoshi and had forged documents extensively.
Stop Acting Like the CLARITY Act Is Everything, Former Regulator Says
- Giancarlo says crypto innovation continues whether the CLARITY Act passes or fails
- He compares crypto to the internet, which grew without an authorizing statute
- CLARITY has sat on the Senate calendar since a 15-9 committee vote
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
South Koreans are Sending Stablecoins to Foreign Exchanges at Record Rate
- South Koreans sent $367 million more in stablecoins abroad than they received.
- June was the 18th month in a row of net outflows.
- They also put $1.28 billion into foreign leveraged funds that month.
