1/3 What many bears out there are currently missing:
The crypto mullet thesis (fintech/big tech in the front, crypto in the back) is accelerating in spite of the downturn.
Crypto is (finally!) fading into the background.
A few examples of recent launches (most live today)👇
OMG she’s only gone & done it 😱 @trussliz has put fossil fuel loving, deregulation-obsessed Jacob Rees Mogg in charge of both energy & climate crises -he is not a serious person & this is not a serious Government. Can only hope he wakes up in time to recognise scale of emergency
'UK inflation to hit 18% in early 2023, Citi forecasts.'
This suggests that the BoE needs to do much more, and, as Europe is in a similar situation, the ECB also. Tough times ahead for bond bulls?
https://t.co/gr0W0p21k8
US price increases in the last year:
Fuel oil: +98.5%
Gasoline: +59.9%
Gas utilities: +38.4%
Electricity: +13.7%
Food at home: +12.2%
New cars: +11.4%
Overall CPI: +9.1%
On night four, ApeFest closed out with a new track by Snoop and Eminem, and a new music video featuring their Bored Apes. (If you haven’t seen it yet, check it out 👉https://t.co/qcATMriMyw
Three arrows wallet dangerous close to liquidation on Aave.
$226 million of wETH pledged to borrow $186 million of USDT and USDC.
Back of napkin math - ETH is liquidated between $1050-$1000.
$ETH at $1042 and falling fast
A business that has been operating in almost every state for almost 60 years, and has never made a profit. It is owned by the US government. What is it?
Amtrak
hear the full breakdown by @JohnPompliano
(starts at 1:07 mark)
https://t.co/bG2ORAEODL