Forwarded from Investing Beanstock
Rare few times I agree w JPM lol
https://www.coindesk.com/markets/2023/08/25/jpmorgan-sees-limited-downside-for-crypto-markets-in-the-near-term/
https://www.coindesk.com/markets/2023/08/25/jpmorgan-sees-limited-downside-for-crypto-markets-in-the-near-term/
CoinDesk
JPMorgan Sees Limited Downside for Crypto Markets in the Near Term
News that Elon Musk’s SpaceX had liquidated its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said.
Crypto Mumbles
kompete started moving slightly on the news of the game rolling out^ moved back into range discount after sitting at extreme discount (purple box) for awhile this is the general pattern of alts that i like to buy (range bound + discount accum signs) i actually…
slow and steady…
organic and firm investors
i’d rather this than a hype pump followed by jeeters
expecting more traction and attention once the game rolls out on platforms officially followed by the beginning of marketing campaigns
organic and firm investors
i’d rather this than a hype pump followed by jeeters
expecting more traction and attention once the game rolls out on platforms officially followed by the beginning of marketing campaigns
FXS
holding up really well since the CRV exploit
recent market corrections didn't quite affect it a lot as well
might wanna get some longs in if we ever test the green zone again
alternatively, earlier positions (smaller) to be taken if price deviates weekly RL
holding up really well since the CRV exploit
recent market corrections didn't quite affect it a lot as well
might wanna get some longs in if we ever test the green zone again
alternatively, earlier positions (smaller) to be taken if price deviates weekly RL
whats the point if its just gonna be another web3 OF
"Ranked 13 on the list, JenfoxxUwU’s Friend.tech keys currently fetch 0.87 Ethereum, or $1,435, while her monthly OnlyFans subnoscription costs $3.75."
lolwat
https://decrypt.co/153723/onlyfans-accounts-take-over-friend-tech-crypt-app-adds-photo-feature
"Ranked 13 on the list, JenfoxxUwU’s Friend.tech keys currently fetch 0.87 Ethereum, or $1,435, while her monthly OnlyFans subnoscription costs $3.75."
lolwat
https://decrypt.co/153723/onlyfans-accounts-take-over-friend-tech-crypt-app-adds-photo-feature
Decrypt
OnlyFans Accounts Take Over Friend.tech as Crypto App Adds Photo Feature - Decrypt
The new photo feature on Friend.tech comes amid an uptick in OnlyFans creators making the leap over to the crypto app.
Crypto Mumbles
https://mirror.xyz/icebreakerlabs.eth/xDKxKWdxiBn7waxTq9o-LaQi2UhkSO1g3xrqJRtft3Y #reads tokenomics, airdrops
most token incentives currently sit at direct levels of abstraction aka airdrops or yields
while it is working at current levels of market adoption, it is insufficient to draw in the web2 masses sustainably
while it is working at current levels of market adoption, it is insufficient to draw in the web2 masses sustainably
So to recap the new proposed tax rules:
Metamask is a broker and has to KYC and report all users unless it removes swaps.
Uniswap is a broker and is required to update its UI to a new KYC version.
Anything with a multisig is a broker and is required to add KYC
https://twitter.com/spreekaway/status/1695060016057729485
Metamask is a broker and has to KYC and report all users unless it removes swaps.
Uniswap is a broker and is required to update its UI to a new KYC version.
Anything with a multisig is a broker and is required to add KYC
https://twitter.com/spreekaway/status/1695060016057729485
X (formerly Twitter)
Spreek (@spreekaway) on X
So to recap the new proposed tax rules:
Metamask is a broker and has to KYC and report all users unless it removes swaps.
Uniswap is a broker and is required to update its UI to a new KYC version.
Anything with a multisig is a broker and is required to…
Metamask is a broker and has to KYC and report all users unless it removes swaps.
Uniswap is a broker and is required to update its UI to a new KYC version.
Anything with a multisig is a broker and is required to…
Forwarded from Watcher Guru
JUST IN: 🇺🇸 FED Chair Jerome Powell says inflation is still too high and warns more interest rate hikes are coming.
@WatcherGuru
@WatcherGuru
Forwarded from infinityhedge
Key points from Jerome Powell's speech:
- Inflation remains too high, though it has declined from its peak. More progress is needed to bring inflation down to the Fed's 2% target.
- The Fed has raised rates significantly and is prepared to do more if needed. Policy will remain restrictive until inflation is on a sustainable downward path.
- Tighter monetary policy is slowing demand and allowing supply to catch up. This rebalancing should continue to ease inflationary pressures.
- Progress is most visible in goods inflation, as demand cooled and supply bottlenecks improved. Housing inflation is also declining as higher rates slowed demand.
- Services inflation has been stickier but should also ease as policy restricts demand relative to supply.
- The labor market is rebalancing but remains tight. Further moderation in wage growth will be needed.
- Economic growth is expected to be below trend for a time to restore balance between supply and demand.
- There is uncertainty around the exact level of restriction needed and the lags before policy affects inflation. Careful risk management is warranted.
-The Fed will remain focussed on core PCE inflation.
- The Fed is data dependent and will adjust policy as needed based on incoming information. The path ahead will depend on assessing progress toward the 2% goal.
- The Fed is committed to achieving price stability, which is essential for sustaining a strong labor market over time.
*The Fed will persist in tightening policy until inflation is clearly on a downward path back to 2%.
- Inflation remains too high, though it has declined from its peak. More progress is needed to bring inflation down to the Fed's 2% target.
- The Fed has raised rates significantly and is prepared to do more if needed. Policy will remain restrictive until inflation is on a sustainable downward path.
- Tighter monetary policy is slowing demand and allowing supply to catch up. This rebalancing should continue to ease inflationary pressures.
- Progress is most visible in goods inflation, as demand cooled and supply bottlenecks improved. Housing inflation is also declining as higher rates slowed demand.
- Services inflation has been stickier but should also ease as policy restricts demand relative to supply.
- The labor market is rebalancing but remains tight. Further moderation in wage growth will be needed.
- Economic growth is expected to be below trend for a time to restore balance between supply and demand.
- There is uncertainty around the exact level of restriction needed and the lags before policy affects inflation. Careful risk management is warranted.
-The Fed will remain focussed on core PCE inflation.
- The Fed is data dependent and will adjust policy as needed based on incoming information. The path ahead will depend on assessing progress toward the 2% goal.
- The Fed is committed to achieving price stability, which is essential for sustaining a strong labor market over time.
*The Fed will persist in tightening policy until inflation is clearly on a downward path back to 2%.