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US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions
10.8.2023
The most recent data from the Bureau of Labor Statistics reveals a growingly intricate inflationary scenario for the U.S. economy. Disclosed on Thursday, the Consumer Price Index for All Urban Consumers (CPI-U) exhibited a 3.2% annual increase in July, primarily propelled by housing expenses. This...
13 developments that could kindle the public’s interest in the crypto industry
10.8.2023
A combination of trends already underway and deliberate industry action could lead to crypto’s watershed moment in terms of public adoption
As Star Wars Stagnates, Star Trek Is Flourishing
10.8.2023
Can you imagine Luke Skywalker singing? Probably not. But just recently, Star Trek let Spock, Kirk, and even some Klingons sing and dance. And it didn’t happen in a weird dream or some obscure book for super nerds, but in an episode of the franchise’s current flagship series. Again, can you imagine...
PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits
9.8.2023
High U.S. Treasury interest rates are a powerful short-term motivator. Everything else is theory
Analyst Discusses US-BRICS Power Shift — Warns of Dollar Dominance Ending
9.8.2023
A think tank analyst says the U.S. dollar’s dominance may be coming to an end as countries position themselves for a new international system. “As the reliance on U.S. dollars diminishes, central banks will begin dumping their dollar reserves. This will result in hyperinflation, a spike...
Wall Street Divided: Treasury Yields Surge Sparks Intense Debates and Divergent Bets
8.8.2023
In recent weeks, Treasury yields have skyrocketed, igniting a Wall Street dispute over whether the precipitous sell-off is now overextended. A small group of prominent investors are wagering that bond prices will bounce back following the abrupt escalation in rates. Hedge Funds Place Bold Wagers...
Pokémon Scarlet And Violet Is Giving Away A Mew
8.8.2023
Mew and Mewtwo are coming to Pokemon Scarlet and Violet in the form of a, as The Pokemon Company calls it, “Get Mew & Mewtwo” event, which includes a Mystery Gift event and an event Tera Raid.Read more
Federal Reserve Governor Hints at More Interest Rate Hikes
8.8.2023
Federal Reserve Governor Michelle Bowman says additional interest rate increases will likely be needed to get inflation on a path down to the Fed’s target. “I will also be watching for signs of slowing in consumer spending and signs that labor market conditions are loosening,” the...
CPI Preview: Bitcoin Unlikely to Get Bullish Catalyst
7.8.2023
Markets are already expecting the Fed to refrain from more rate hikes this year and have begun pricing in rate cuts in 2024
Baldur's Gate 3 Voice Actor Says His Job Was To Make Sex Sounds
7.8.2023
Everyone’s talking about Baldur’s Gate 3’s sexy times, be it with a giant red demon lady, a smarmy vampire, or a bear. What you might not have known about the fantasy role-playing game is that Larian Studios hired (at least) one voice actor to exclusively make sex sounds.Read more
Fed's Rate Hike Cycle Has Peaked, Investment Banks Say
7.8.2023
The end of the tightening cycle does not necessarily imply a quick pivot toward zero interest rate policy, meaning animal spirits may not return to the crypto market anytime soon
Report: US ETFs Signal Renewed Bitcoin Interest; BTC’s Limited ‘Hot Supply’ Eyes Bull Market
6.8.2023
As interest in bitcoin exchange-traded funds (ETFs) heats up, a new report from blockchain analytics firm Glassnode examines how much bitcoin is actually available for purchase. The report, titled “How Many Bitcoin Are For Sale?” published on June 26, 2023, looks at exchange flows...
JPMorgan Economists Discard Prior Recession Prediction, Foresee US Economic Resilience
5.8.2023
JPMorgan’s economists have jettisoned previous predictions of an impending U.S. recession. Their chief U.S. economist, Michael Feroli, is confident that the American economy will maintain a modest but steady growth trajectory throughout the remainder of the current year and well into 2024....
U.S. Added 187K Jobs in July, Missing Estimates for 200K; Bitcoin Slips to $29,100
4.8.2023
The unemployment rate TKTK to 3.X% versus estimates for 3.6%
Abracadabra's Bold Move: 200% Interest Proposed on $18 Million Loan to Curve Founder Amidst Bad Debt Concerns
3.8.2023
Abracadabra Finance has put forth a proposal aimed to adjust interest rates to mitigate the risk of bad debt resulting from an $18 million loan to Curve Finance founder Michael Egarov.
The proposal suggests hiking interest rates on the loan to 200% on two specific pools known as "cauldrons,"...
NY Times defends article on Caroline Ellison: the public has a 'legitimate interest'
3.8.2023
The media outlet claimed the public and press had a right to receive information on a "central participant in a financial scheme that defrauded investors of billions of dollars"
Woof, Woof, Bang, Bang: Dogs Are Back In Call Of Duty
2.8.2023
Look, I only bought Call of Duty: Ghosts back in the day because dog. Dogs in games are great and hilarious, and in Call of Duty I love seeing a dog wearing camo, maybe some goggles, tearin’ shit up, destroying things, barking freely, and just living their best mass-murdering lives. Now dogs...
Famed Magic: The Gathering Collector Post Malone Buys Lord Of The Rings Card Valued At Over $2 Million
2.8.2023
When Wizards of the Coast adapted Lord of the Rings into a Magic: The Gathering set, it decided to create a special variant of Sauron’s Ring that would be one of a kind. The hyper-rare card was first found back in June and now the owner has sold it to rapper Post Malone. The amount hasn’t been...
Japanese Yen Hits 20-Year Low Against US Dollar; BOJ Maintains Loose Policy Amid Inflation Pressures
2.8.2023
In the last month, Japan’s official currency has dipped slightly more than 1% in comparison to the U.S. dollar. Then, on Tuesday, the Japanese yen plummeted to its weakest position against the greenback in over 20 years, a shift that came after the Bank of Japan opted to keep its extremely...
DeFi Protocol Abracadabra Wants to Charge 200% Interest on Curve Founder’s $18M Loan
2.8.2023
All proceeds from such a strategy will be kept in Abracadabra’s treasury and be used to reduce the DAO risk associated with the liquidity conditions associated with CRV