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The official Bitguide telegram channel. Visit www.Bitguide.io for bitcoin educational resources.
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📣Newsletter #1📣

Bitcoin Innoscriptions

📚How are they impacting the Bitcoin ecosystem? The hype, trends, and the implications for blockspace, fee market & adoption

Co-authored with senior Glassnode researcher @CryptoVizArt

🔥Enjoy & subscribe for more

https://bitguide.substack.com/p/bitcoin-innoscriptions
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Major recessionary reading from the Empire State Manufacturing Survey

Index: -31.8 vs -3.7 expected vs +10.8 April!

Largest drop on record (ex-COVID)!

Index, new orders and shipments all plunged after a fake rise last month.
📣Newsletter #2📣

Ledger Recover Fiasco: What? How bad? What to do?
Lose your privacy and security simultaneously … and … pay for it too

Co-authored by @Ziya_Sadr & @Sinz_Bitguide 

Enjoy & Subscribe for more!

https://bitguide.substack.com/p/ledger-recover-fiasco-what-how-bad?utm_source=tg&sd=pf
Home Prices Posted Biggest Drop Since 2012 in April Year-over-year change in median U.S. home sale price
Housing finally beginning to properly price the hikes
Current market sentiment
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Forwarded from 696 723524
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While in January, German officials were optimistically celebrating “skirting” a recession, their economy was directly heading towards that recession

And there were clear signs for it too, including the negative retail sales prints (eg -5% yoy in Feb 2023)

Never believe officials on the economy
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Debt ceiling pause just passed by the House.

The US debt ceiling has been raised 79 times over the last 63 years.

Over the last 10 years alone, the US has added $15 trillion in federal debt.

Since 2020, US debt is up by $8 trillion.

Debt ceiling “debate” is a farce for the masses. Both sides of the aisle need to spend to get the votes.
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The Eurozone officially enters recession. The zone reported a 0.1% contraction in Q1 2023 after a similar contraction in Q4 2022.
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That feeling when your lawsuit is delivered
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The shape of the Treasury yield curve and how the fixed income market evolved over time:

Today = Extreme Pessimism
6 months ago = Fear
1 year ago = Optimism
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ARK - A New Bitcoin L2 Protocol

We are going to have a Twitter Spaces with
@4moonsettler and @Sinz_Bitguide to discuss ARK – the newly proposed Bitcoin L2 protocol that addresses lightning’s inbound liquidity constraints & complements it.

Time: Today, 4pm Eastern Time, 8pm GMT (in about half an hour)

Spaces link:
https://twitter.com/Bitguide_io/status/1667623023183011840?s=20
Deflationary Process Continues

May CPI MoM only at 0.1 & YoY at 4.0%, below expectations of 4.1%.

Core CPI comes at 5.3%
Inflation peaked in June 2022

Since then goods prices have steadily declined

Services ex. shelter more or less steady

While shelter has been up since. Shelter itself is a lagging indicator and should reflect economic slowdown towards the end of the year.
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