“Coordinated intervention has worked almost every time.” @donnelly_brent says dollar-yen only gets a durable top if Japan gets real policy coordination, not another unilateral smash. Otherwise, the trade stays tactical: short into intervention, cover quickly, and wait for the real catalysts.

Coordinated Takedown of Scam Centers Leads to at Least 276 Arrests; Alleged Managers and Recruiters Charged in San Diego “Fraudsters who target Americans from overseas cannot operate with impunity, no matter where in the world they reside,” said Assistant Attorney General A. Tysen Duva. “The charges and arrests announced today reflect an international consensus that scam centers are unwelcome everywhere and must be rooted out. Scam center organizers and fraudsters who defraud Americans and others will face justice in American courts and in courts around the world. In contemporary society, fraud is borderless, and law enforcement activity to combat it and eliminate it is as well.” 🔗:

Where Spark coordinates liquidity today Capital is deployed across multiple products and markets simultaneously: • Spark Savings: capital deployed through Spark Saving Vaults, incl. spUSDT, spUSDC, and spETH • SparkLend: onchain lending and borrowing markets • Spark Prime: institutional credit infrastructure • Liquidity as a Service: powering 3rd parties and stablecoin ecosystems, incl. USDG (@RobinhoodApp) @Coinbase Loans, @StandX_Official Universal Markets, etc. • Stablecoin FX Layer: USDS pairs against @Paypal's PYUSD and @Tether's USDT on @Uniswap v4 pools None of these surfaces move capital on their own. The Spark Liquidity Layer is the coordination system underneath all of them, determining how capital should be allocated within governance defined parameters. Governance defines where capital can be deployed. Limits get sized in advance. The Spark Liquidity Layer continuously allocates capital within those boundaries.

This was a coordinated, military-style assault on our country, ten boats launched simultaneously from the French coast. If you don’t call this an invasion, I don’t know what else you can call it! If defending our nation means going into the English Channel, if it means standing at the border of our own land to protect it, then that is exactly what we will do. #PatriotPlatform# 🏴󠁧󠁢󠁥󠁮󠁧󠁿🇬🇧

Without new instruments to coordinate the financing of the AI boom, America's AI progress will be slowed as concentrated financial risk skyrockets. America can beat China, but to do so, it needs to lean into its own institutional strengths.