XRP co-creator sold millions in 2025, says he hasn't bought the token in years
David Schwartz sold about 2.5 million XRP in 2025, paying $1.7 million in capital gains tax, and says he has not bought the token in years.
Daniel Hinton of UTXO discusses Bitcoin market challenges, exchange dislocations, the BitMEX wind-down, and institutional adoption requirements.
"Bitcoin plays on hard mode." Daniel Hinton, who previously managed global liquidity relationships at SFOX, explains the difficulty of keeping a 24/7 global market efficient without a clearinghouse outside the blockchain. He details the multi-percentage-point dislocations that were common among exchanges in 2018, their subsequent decline, and the perp market wick above $150,000 that appeared during the BitMEX wind-down on thin liquidity. Hosts Grace Remington and Sean Hagan delve into what this means for anyone using margin or stop losses.
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