Morning Minute: SWIFT Goes On-chain

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GM!

Today’s Top News:

• Crypto will major in Green, but will be pulled back after Monday’s rally. BTC is $113,000
• On-chain payments with Swift Partners, Consensys and partners
• SEC & CFTC promises closer cooperation in cryptography monitoring
• Meteora announces its TGE date for October 23rd and shares new airdrop mechanisms
• Andre Cronje raises $200 million at a valuation of $1 billion to fly Tulip

🌐 Swift makes cross-border payments 24/7 with Onchain: Consensys

The world’s largest Tradfi player has surrendered to the code.

Last week was Vanguard and this week is quick.

📌What happened?

Yesterday, Swift said it would add blockchain ledgers to its infrastructure, starting with a conceptual prototype designed by Consensys.

The first use case is instant, always cross-border payments between banks.

According to Swift, ledgers record, sequence and verify transactions through smart contracts, and enforce rules through smart contracts, while interacting with existing rails and emerging networks.

A coalition of over 30 institutions, including names such as Bank of America, City, and Natwest, has already shaped the build.

It has not yet been specified whether the prototype is fixed or not. Ethereum Mainnet or Linea.

What they are saying

“We are pleased to announce that we will add blockchain-based ledgers to our technology infrastructure to enable a reliable movement of tokenized value across the digital ecosystem. [Swift and blockchain] can [go together]. The bank is ready. And they ask us to play a big role. ” -Javier Pérez-Tasso, Swift CEO

🧠Why is it important?

Tradfi’s main payment rails choose to embed Blockchaineffectively recognizes technology as a better solution.

If Swift can instantly pay for tokenized value 24/7 and maintain compliance, control and interoperability, those blockchain solutions will become those blockchain solutions In fact Options with a large amount of cost savings and impact across financial institutions.

This is very bullish for the adoption of wider cryptography.

The more banks standardize to shared ledgers, the easier it will be to bridge Fiat. stablecoinsand tokenized deposits across the market.

Therefore, Stablecoins are a big winner along with RWAS tokenization efforts.

All of this gives cryptography more validity in the US and the world at large.

And of course, the blockchain they have chosen (probably Ethereum or one of its L2) is very bullish.

If Linea wins this (Consensys ‘Blockchain), expect a big re-rick. So look for more news tied to this story.

And overall, surrender to crypto and blockchain is increasingly happening from the world’s largest Tradfi player. Almost every week…

🌎 Macro Cryptography and Memes

Some ciphers and Web3 headings that caught my eye:

Corporate finance/ETF

With memes

• Memecoin Reader It’s slightly red. Doge -1%, Shiba -1%, Pepe -1%, Pengu -2%, Bonk +1%, Trump -3%, SPX -2%, and Fartcoin -1%
• The sign Above plasma It peaked nearby $60 million It fell to $20 million over the weekend
• card Solana raised 38% to $433 million. Pibble +670% LED Top Mover

token, airdrop, protocol tracker

This is a summary of the major tokens, protocols and airdrop news of the time.

• Meteora It was introduced The recipient received the LP position rather than the token and announced the 10/23 TGE date, meaning that the Met Airdrop Mechanic as a “liquidity distributor”
• Andre Crongier’s Flying Tulips raised $200 million Announced $ft public sale at a valuation of $1 billion
• Pump fun It was introduced Advanced for mobile apps with terminal columns and other pro trading tools
• Polymate Release Please mention the NFL gaming market Starting with last night’s Dolphins Jets game
• Talus Labs raised over $10 million Building AI Agent and Forecast Market Infrastructure from sui & walrus
• Sui’s Bluefin Perps Dex The blue token jumped 40% over the past week as TVL was pushed over $220 million and volumes approached $8 billion.

ai x crypto

Section dedicated to the AI ​​sector headings of the Cryptocurrency:

• Overall market capitalization +1%$17.1B, the leader was mixed
• fartcoin (-1%), Virtual (-2%), Tibbir (+3%), AIXBT (-2%) & AI16Z (-2%)
• BIOS (+50%) and games (+12%) Led Top Mover

What’s going on in nfts?

Here’s a list of other notable headlines for the day for the NFTS:

• eth nft The leader was mostly red. Punk – 1%47.3 ETH, Pudgy – 2%10, Bayc – 1%9 ETH
• dypurr’s It fell 14% from 1,400 hype floors ($65,000) to 1,150 ($52,000) from the first day of the transaction
• Punk Strategy Gets the 18th Punk and is nearly 50% until the 19th
• opensea I launched all NFT strategy tokens To trade on the platform