[7 hrs ago]: The PEPE team made two significant moves: they lowered the Multisig wallet threshold from 5/8 to 2/8 signatures, and then proceeded to send $15M to various exchanges. This distribution included $6.5M worth of PEPE to Binance and $8.2M worth of PEPE to OKX.
As a result $PEPE down ~20%.
As a result $PEPE down ~20%.
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zachxbt: Magnate Finance on Base will likely exit scam in the near future currently with over $6.4M TVL.
The deployers address is directly linked to the Solfire $4.8M exit scam
The deployers address is directly linked to the Solfire $4.8M exit scam
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The sanctions now engulfing Tornado Cash's founders pose a threat to all of DeFi. Bloomberg
infinityhedge
BTC Price at the end of the month
July
July
BTC Price at the end of the month August ?
Anonymous Poll
13%
Above 30k
41%
25k -30k
32%
20k-25k
3%
15k-20k
11%
Below 15k
infinityhedge
Events Coming Up in Late August [21-31st]- @infinityhedge Mon:21 → Earnings:Zoom → Kraken Pro to list $PYUSD [PayPal Stabelcoin] → Shibarium mainnet re-launch → $INJ 3.4% unlock Tue:22 → U.S. Existing Home Sales → Prime Trust Hearing → THORChain to launch…
Powell will be speaking today 🍿[Jackson Hole]
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infinityhedge
zachxbt: Magnate Finance on Base will likely exit scam in the near future currently with over $6.4M TVL. The deployers address is directly linked to the Solfire $4.8M exit scam
Magnate Finance scammer has bridged ~$1M of the stolen funds to the BNB Chain through Stargate.
The U.S. Treasury Department wants to treat all crypto exchanges and payment processors as "brokers" for crypto tax reporting purposes, answering a longstanding question from the 2021 infrastructure bill.
Centralized crypto exchanges, payment processors, some hosted wallet providers, some decentralized exchanges and people or entities that redeem crypto tokens they created will be bound to those reporting obligations.
Miners are exempt from this.
Centralized crypto exchanges, payment processors, some hosted wallet providers, some decentralized exchanges and people or entities that redeem crypto tokens they created will be bound to those reporting obligations.
Miners are exempt from this.
Coindesk
U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges
The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations and answering a years-old question over whether decentralized finance…
infinityhedge
The U.S. Treasury Department wants to treat all crypto exchanges and payment processors as "brokers" for crypto tax reporting purposes, answering a longstanding question from the 2021 infrastructure bill. Centralized crypto exchanges, payment processors,…
Treasury Proposes New Crypto Tax Rules.
Brokers Will Have to Report Crypto Gains to Taxpayers, IRS.
Crypto Tax Rules Aimed at Boosting Compliance.
-- WSJ
Brokers Will Have to Report Crypto Gains to Taxpayers, IRS.
Crypto Tax Rules Aimed at Boosting Compliance.
-- WSJ
infinityhedge
Powell will be speaking today 🍿[Jackson Hole]
Powell is scheduled to speak at the much awaited economic symposium in Jackson Hole at 10:05 am ET. [In ~1hr]
infinityhedge
☠️
So, this means Uniswap, 1inch, Curve Finance, SushiSwap, PancakeSwap, etc are brokers & have to implement KYC 👀☠️🤔
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Jay Powell warns inflation ‘too high’ in hawkish Jackson Hole speech
"we cannot identify with certainty the neutral rate of interest, and thus there is always uncertainty about the precise level of monetary policy restraint”.
"we cannot identify with certainty the neutral rate of interest, and thus there is always uncertainty about the precise level of monetary policy restraint”.
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infinityhedge
Jay Powell warns inflation ‘too high’ in hawkish Jackson Hole speech "we cannot identify with certainty the neutral rate of interest, and thus there is always uncertainty about the precise level of monetary policy restraint”.
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%.
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