The Official Monetary and Financial Institutions Forum (OMFIF) financial think tank, trusted by multiple major banks across the globe, just released a report laying out the structure of what’s known as the global financial reset. SWIFT’s Approach: ISO Nominees Take The Lead By the latest report, it looks like Ripple (XRP) isn’t a direct SWIFT competitor - instead, the blockchain infrastructure is embedded onto SWIFT’s new ISO 20022 global messaging standard. The same goes for DLT-based chains such as Stellar Lumens (XLM) & IOTA, playing a part in speed & liquidity. https://twitter.com/SMQKEDQG/status/2007798142088229196 With SWIFT seeking to make cross-border payments



Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more