Over the last 2 weeks:
1. Binance and Coinbase sued by SEC
2. USD deposits suspended at Binance after lawsuit
3. Fed stops raising interest rates for first time in 1.5 years
4. France accuses Binance of money laundering
5. Blackrock files for Bitcoin ETF
6. Citadel, Fidelity and Charles Schwab launch new #crypto exchange
7. WisdomTree and Invesco file to launch Bitcoin ETF
8. #Bitcoin hits 2 month high of $30,000
Just after the SEC announced lawsuits against Coinbase and Binance, 10+ large US firms entered the space.
(by The Kobeissi Letter)
1. Binance and Coinbase sued by SEC
2. USD deposits suspended at Binance after lawsuit
3. Fed stops raising interest rates for first time in 1.5 years
4. France accuses Binance of money laundering
5. Blackrock files for Bitcoin ETF
6. Citadel, Fidelity and Charles Schwab launch new #crypto exchange
7. WisdomTree and Invesco file to launch Bitcoin ETF
8. #Bitcoin hits 2 month high of $30,000
Just after the SEC announced lawsuits against Coinbase and Binance, 10+ large US firms entered the space.
(by The Kobeissi Letter)
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📣 Newsletter #3 📣
Monetary Policy, Systemic Inequality, and the Sly Round-About Way to Fix it
How Centralized Monetary Policy Produces Systemic Inequality, Examples from the Housing Market, and How to Opt Out
Today’s monetary policy hinges on a simple pendulum-like model: if the economy is too slow, stimulate it. If it is red hot, cool it down. Easy, right? except, no one knows how to reliably measure the economy, what “red hot” or “too slow” mean, or how much stimulus or tightening is enough. Even if the authorities miraculously manage to keep this economic pendulum in the optimal state of rapid growth without inflation, we demonstrate the upside of the stimulus and the downside of tightening go to different groups creating systemic inequality...
Full Article on our Substack 🔗
https://bitguide.substack.com/p/monetary-policy-systemic-inequality
On Simply Bitcoin 🔗
Twitter Summary🔗
If you liked this content, follow us on Substack and Twitter.
Monetary Policy, Systemic Inequality, and the Sly Round-About Way to Fix it
How Centralized Monetary Policy Produces Systemic Inequality, Examples from the Housing Market, and How to Opt Out
Today’s monetary policy hinges on a simple pendulum-like model: if the economy is too slow, stimulate it. If it is red hot, cool it down. Easy, right? except, no one knows how to reliably measure the economy, what “red hot” or “too slow” mean, or how much stimulus or tightening is enough. Even if the authorities miraculously manage to keep this economic pendulum in the optimal state of rapid growth without inflation, we demonstrate the upside of the stimulus and the downside of tightening go to different groups creating systemic inequality...
Full Article on our Substack 🔗
https://bitguide.substack.com/p/monetary-policy-systemic-inequality
On Simply Bitcoin 🔗
Twitter Summary🔗
If you liked this content, follow us on Substack and Twitter.
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Two reports from BoA
1- investors’ exodus from tech with 3B a week.
2- Exports from Asia (China, Korea, Taiwan, Japan) are negative yoy indicating a sharp slowdown in the world economy.
#2 should accelerate #1
1- investors’ exodus from tech with 3B a week.
2- Exports from Asia (China, Korea, Taiwan, Japan) are negative yoy indicating a sharp slowdown in the world economy.
#2 should accelerate #1
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A comprehensive thread on the SEC’s thinking on spot Bitcoin ETFs
https://twitter.com/sgjohnsson/status/1674910704468410373?s=46&t=6I9aEqV-RwcladB-FBo9kg
https://twitter.com/sgjohnsson/status/1674910704468410373?s=46&t=6I9aEqV-RwcladB-FBo9kg
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ISM Mfg 46.0, Exp. 47.2, Last 46.9
Everything contracting:
- Production
- New orders
- Backlog, inventories,
- Prices , and even
- Employment (48.1, Last 51.4)
The slow-down has worked its way from new orders to prices to backlog and at last to employment
Everything contracting:
- Production
- New orders
- Backlog, inventories,
- Prices , and even
- Employment (48.1, Last 51.4)
The slow-down has worked its way from new orders to prices to backlog and at last to employment
Ark deep dive with moonsettler
YouTube
Podcast
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YouTube
Podcast
Consider supporting us by streaming sats or sending boosts on podcasting 2.0 applications, such as Fountain, Breez, and Podverse.
Fountain: https://www.fountain.fm/
Breeze: https://breez.technology/
Podverse: https://podverse.fm/
YouTube
BG#15 - Ark deep dive with moonsettler
This episode is a slightly-abridged version of a deep-dive discussion on Ark with moonsettler on Twitter.
Here's the link to the full space: https://twitter.com/i/spaces/1DXxyveDnyVKM?s=20
00:00 - Intro
04:11 - Chaumian e-cash mints
06:12 - the Ark's…
Here's the link to the full space: https://twitter.com/i/spaces/1DXxyveDnyVKM?s=20
00:00 - Intro
04:11 - Chaumian e-cash mints
06:12 - the Ark's…