The crypto market and the October watershed
October marked a turning point for the crypto market. On October 10, a contained pullback in equity markets, triggered by the re-emergence of trade wars believed to be sidelined, turned into a deep collapse of the crypto market in the two hours following the close of U.S. equity markets, when liquidity dried up.
The new infrastructure of U.S. monetary hegemony
The Trump administration is reshaping the global economic order along a neo-mercantilist paradigm that hollows out treaties, marginalizes international agencies and subordinates markets, alliances and financial infrastructures to American strategic competitiveness. In this project, crypto assets become the technological vector of dollar hegemony.
The Ripple affair and the concept of security
Ripple is a protocol that allows the creation, circulation, and settlement of debt securities (IOUs) that can represent any asset, including cryptocurrencies and legal tender. These IOUs can be issued, traded, and converted by anyone.