Behind the scenes at #ETHCC:
Chainlink co-founder Sergey Nazarov discusses our recent onchain in production work with Fidelity International and Sygnum with a Belgian reporter.
Yes, #MiCa entry into force will effectively trigger a downward trend in the #cryptomarkets. Licensing and DDQ requirements will not be met by most of the largest cap coin issuers in the #Coinmarketcap listing. Ability and will of the #ESMA to enforce will be tested in 2025.
Understanding MICA: An In-Depth Look at the EU's Crypto Asset Regulatory Framework. 🔎
Delve into our comprehensive analysis of the Markets in Crypto-Assets (MICA) and its implications for the European digital asset landscape.
https://t.co/4ktrJez0tz
The only reasons cryptos haven't collapsed already is because most of them aren't actually incorporated. #FTX did it and it costed them everything. #BNB should be next to go down.
Putin starts with a 30 minute history lesson about Prince Yarsolav and how Ukraine has no country, culture, etc. of its own. How the Russian Empire existed in 862 and celebrated its 1000th anniversary in 1862 and that these are actually the borders of the empire. 2/
Happy New Year, everyone. Last year, seventeen major financial institutions predicted a NEGATIVE return for the S&P 500 Index, based on their prediction in December 2022.
JUST IN: WeWork stock, $WE, falls 50% today on news that the company will be filing bankruptcy.
Less than 5 years ago, WeWork was worth nearly $50 billion and one of the hottest IPOs of all time.
Today, the stock is down 99.7% since its IPO and is set to drop below $1/share.
WeWork lost $694 million in the first half of this year and remains unprofitable.
It's both fascinating and terrifying how quickly this company collapsed.
Yet another sign that commercial real estate is in trouble.
In the last 24 hours:
- Mortgage rates hit +8.09%
- Credit card interest rate hits record high
- Car loan interest rate hits highest since 2001
- Oil prices jump highest in 6 months
- China planning +$137 billion stimulus
- War continues on in Israel
But guess what?
Stocks are up today.
Incredibly resilient market!
Good Morning Everyone! Hedge funds shorting 2-year Treasury futures hit a record high.
Three regulators have sounded the alarm.
If the market goes the wrong way, these highly leveraged trades could force hedge funds to pull out quickly.
Causing a real mess in the bond market.
The debt-to-income ratio for all homebuyers in the US just hit 40% for the first time in history.
Even in the 2008 financial crisis, this ratio peaked at ~39%.
This comes as total household debt just hit a record $17.1 trillion and credit card debt crossed $1 trillion for the first time ever.
Consumers are borrowing at a record pace all while savings are declining and rates are rising.
What's the long-term plan here?
There is an undoubtedly long list of elements that contributed to the collapse of US regional banks and #svb in particular (downwinds in the market, swift increases in interest rates, the banks strategic heavy focus on PE activities, terrible ALM risk man…https://t.co/27RfjZOw2y
The thousands of half-dead startups that were tube fed over the last 10Y are finally going to die. This was a long overdue correction that will severelly impact small & mid size ventures.
.@GarryTan CEO of @ycombinator calling the SVB fallout an "extinction level event for startups"
"These depositors will not survive weeks or months without some sort of plan from the govt."
$SVIB #SiliconValleyBank#startups