‏The stock market has never seen a bear market bottom before the unemployment rate begins to rise

Bank of America:
"The latest BAC card spending data suggest that the acceleration in consumer spending might have been more short-lived than we were expecting. Card spending per household slowed to 1.3% y/y in the week ending Feb 25"

Innoscriptions usage does not seem to have subsided.
More than 300K Innoscriptions to date & $1.5M fees generated.
https://dune.com/dgtl_assets/bitcoin-ordinals-analysis

Silvergate to shut down operations and liquidate the bank

Ouch.. banks getting crushed.. “strongest economy”

Mini bail-out:

"Depositors will have access to all of their money starting Monday, March 13."

"Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed"

Fun part: they claim no burden on taxpayers

Record high $ moving to Money Market Funds

~$300 Billion in last couple pf weeks
>$5 Trillion in total assets

Crisis is not over and will only get worse for banks.

On March 14th, 2023, the U.S. government sold 9,861.1707894 Bitcoin for a sum of $215,738,154.98. 
After transaction costs, the government received a profit of $215,522,416.83. The government also disclosed that there are still about 41,490.72 Bitcoin left to be sold, which they intend to sell over the course of this year in four additional batches.

DAOs redefined 😅
https://twitter.com/sinz_bitguide/status/1642539720885383169

Twitter web’s logo is changed to Dogecoin.

ISM manufacturing PMI in solid recession territory: 46.3

I don't care about your statist B/S

“USD is losing its reserve status”

Coinbase CEO says the exchange will integrate the Bitcoin Lightning Network

FTX stored private keys to $100M ETH plain text, among other genius security tactics