"What’s striking, though, is how little impact interest rate hikes themselves have in reducing inflation, except in economic environments that involve fear and risk-aversion – recession or banking crises. While rate hikes do tend to weaken housing, durable goods, and capital investment, the impact is typically not enough to reverse an inflationary trend.

Instead, when the Fed needs to respond to inflation, the function of tighter money and systematic policy is to send a signal that the Fed will defend the purchasing power of government liabilities by acting as a brake on their supply. That’s what Paul Volcker did in response to the late-1970’s inflation. He essentially said, look, we’re going to restrict the creation of money, in order to increase your confidence in it. The function of tighter money isn’t to crush the economy with high interest rates, but to restore public confidence that money will hold its purchasing power – by limiting its supply, and in turn, limiting the tendency of Congress to resort to debt finance."

a lot to take in but read if you have the time (~15mins)

https://www.hussmanfunds.com/comment/mc230319/

an airdrop to consider hustling for

layer zero $ZRO

https://twitter.com/ardizor/status/1638148008888901632?s=52

will start building my shorts above $29k (if it happens) in anticipation for the pullback

🤡🤡🤡🤡

"Over 5 years ago, the CEO of Credit Suisse called Bitcoin a bubble. Since then, BTC is up 318% and Credit Suisse just sold for ~1/5 the size of Dogecoin."

https://coinmarketcap.com/alexandria/article/credit-suisse-called-bitcoin-a-'bubble'-in-2017.-now-it's-needed-a-bailout?fbclid=IwAR3iaNxphvLSUpcFsjbeEyw9Ri9XkDIJfNbA3yaCyLLvWx5OC5qJb7Iy3z0

$ARB airdrop and sell in a click

https://vxtwitter.com/basedcoiner/status/1638618428054597632

When searching for ARB directly on Uniswap, the fake ETH/ARB Pool is at the top. 0x64…9545 added a fake ETH/ARB Pool consisting of 400 WETH and more than 95 million fake ARBs on Arbitrum Uniswap V3. Users need to pay attention. H/T @levels_crypto

ARB LTF

note that $1.5 is a psychological resistance as many analysts have calculated fair value of ARB through OP to be around $1.5

any higher mark up to $2 should be a further distribution

volume coming in with the breakout of 1.5 - i’m long $arb

zkSync Era Mainnet Alpha is now open to all users.
Developers, projects, and users can now experience the zkEVM. zkSync Era has had native account abstraction, any account on Era can pay fees in any tokens or even transact with zero fees on protocols willing to subsidize usage. — link

ZkSync Era’s launch won’t initially come with a token because the network remains largely centralized for now. The CEO estimated that the sequencer will be decentralized in around a year's time. TheBlock

1y to farm for airdrop tokens lfg

the way for the low capital to build up their portfolio

the banking system works on a trust basis and it seems the trust has been eroding since SVB’s collapse

over $500b has been withdrawn from small banks since the collapse of SVB

according to WSJ there are still over 200 banks facing the same issues as SVB

“meanwhile, there is still not a solution.”

https://twitter.com/kobeissiletter/status/1639649378624315395?s=21&t=ksrwN7KlDa_iHN4C0_UBaw

Polygon Labs Free NFT

Here's a free mint from Polygon Labs commemorating the Polygon zkEVM Mainnet Beta launch today.

It's a SBT (Soul-bound token - you can't sell it) but who knows, there might be future perks for holders.

Minting ends in just under 7 days. Click here to get yours.