People often ask me what exactly an investment banker does. To put it simply - we understand the industry we specialize in and connect the dots. I'm doing that in Web3. Hello world, I'm @theweb3banker.
#web3#blockchain#digitalassets#crypto#defi
1/ Announcing Ethereum Institutional
An independent non-profit dedicated to accelerating the institutional adoption of Ethereum, its L2s, applications and overall ecosystem.
What is happening here?
US job numbers have been revised lower by 778,000 jobs since February 2022, according to BlackRock.
This year alone, non-farm payrolls were revised down by 279,000 from January to June.
Furthermore, the US economy LOST 192,000 jobs in Q3 2023 and added 344,000 jobs in Q4 2023, according to the BED survey released by BLS.
On the other hand, nonfarm payrolls data showed that the US labor market added 663,000 and 577,000 new jobs in Q3 and Q4 2023.
This is a jaw dropping 1,088,000 difference in job count over just two quarters.
The labor market is weaker than the headlines make it seem.
On my way to #Consensus2023! I'm looking forward to meeting lots of passionate folks who are still in the industry creating apps that'll shape the future, despite the challenges we’ve faced in recent times!
#web3#blockchain#consensus