While liquidity is drying up in crypto native flows h/t last Wintermute post
Liquidity and risk appetite has never been this high in tradfi
Crypto companies are axed to take advantage
- higher tender offers
- m&a activity
- metric boost incentives
Signs don't lie
Q1 will be

A Ripple IPO is an event/trade ( $XRP ) I’ve been preparing the book for internally for several weeks now, in a variety of ways.
I think any statements, from executives, albeit positive or negative about IPO'ing = IPO is closer than we think.
One clue which was not caught by

Lucky 

Twitter

Monthly stablecoin volume reached $7.2 trillion in February 2026, surpassing the Automated Clearing House (ACH) network for the first time, which had $6.8 trillion.
ACH is an outgoing payment system...

Stablecoins have moved more money than the core US financial system.

President Trump's April 1, 2024 speech on the Iran conflict predicted another two to three weeks of intense military airstrikes, halting the brief recovery of the US stock market...

Three US stocks were heavily impacted by Trump's speech on Iran this week.

XRP 's 30-day liquidation index on Binance has fallen to a record low, near zero. Trading volume has plummeted from over $200 billion in January 2025 to virtually nothing.
The...