Banking hours that limit when you can move money and wires that take days. @chadcascarilla, CEO and Co-Founder of Paxos, on how the current financial system feels increasingly divorced from daily reality:

Banking and development economist Richard Werner says the real reason we are seeing so many Data Centers being put up so quickly is because they are building the surveillance and digital currency network right now “We are so close to the scariest, most dystopian system. This is what the drive to build all these thousands of data centers is about, to micromanage the world's population through the New Financial World Order. AI is really about that. We're heading towards digital control systems where we have no more control over our liquid assets. It will be programmable, permission-based, so only what the central planners allow you to use your money for, at what time and place and location will be permitted. And if you're in the wrong place, it's not going to work. And If you're buying the wrong book, it's not gonna work. Your money won't work outside a certain zone, whether it's 15-minute prison zone or whatever it may be. It is the totalitarian dictator's dream come true” Here’s what he’s saying Data centers as infrastructure for control The data centers are essential for the massive computing power needed to track, analyze, and micromanage billions of transactions in real-time under a “New Financial World Order.” This includes enforcing rules on what you can buy, where you can spend, and when “15-minute city” style geographic restrictions or blacklisting certain purchases He’s saying AI isn’t just for chatbots or efficiency. It’s the perfect tool for the surveillance, predictive analytics, and an automated enforcement layer on top of digital money I think he’s right. I also think it’s for the massive camera infrastructure being installed all over America with Flock It’s all connected. This is the surveillance state being constructed

Lloyds Banking Group CEO Charlie Nunn explains how he evaluates the return of investment of AI in banking, telling @annaedwardsnews it's still "early days" 

🚨SWEDISH BANKING GIANT HANDLESBANKEN BUYS MORE $MSTR, NOW HOLDS 106K+ SHARES! Svenska Handelsbanken, Sweden’s 2nd-largest bank, increased its Strategy position by 23,829 shares (~$2.2M at purchase) to a total of 106,522 shares worth ~$9.92M.

🇰🇷KOREAN BANKING GIANT TAKES STAKE IN UPBIT OPERATOR South Korea’s Hana Bank will acquire a ₩1 trillion stake in Dunamu, the operator of crypto exchange Upbit. The deal covers 2.28 million shares, giving Hana a 6.55% stake and making it Dunamu’s fourth-largest shareholder.

senate banking committee votes on the CLARITY Act tomorrow 10:30am ET. the staking carveout defines staking as "administrative or ministerial activity," not a security. LDO, RPL, and EigenLayer go from legally ambiguous to explicitly protected if this passes committee. $31b in liquid staked ETH has been trading under regulatory overhang since the SEC started targeting staking in 2023. bill has bipartisan support, yield issue resolved, white house targeting july 4 signing. 100+ amendments filed but the staking language survived every draft. the entire liquid staking sector is priced for uncertainty that could evaporate in 24 hours

🌐 Banking at Country Scale US banks are reporting earnings this week, here’s how large they are: $JPM = Germany $BofA = sits between $AAPL and $MSFT $Citi = 2× $BTC $Wells = top 5 cryptos by mkt cap $GS = Spain