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Economist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which would result in significant financial losses for many. However, he emphasized that the alternative is worse, as it would lead to the devaluation of money itself. Schiff criticized the government and Federal Reserve policies, particularly following the 2008 financial crisis, and cautioned that today’s debt-fueled economic bubble is even larger than previous ones.$BTC $ETH $BNB

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🤯🤯🤯 At the start of the week, U.S. spot bitcoin exchange-traded funds experienced their seventh consecutive day of net outflows, losing $174.45 million during Monday’s trading session. Grayscale’s Bitcoin Trust (GBTC) was impacted most, seeing approximately $90 million in outflows.

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🆘️🆘️🆘️ Over the past week, bitcoin has slid 6.6% while ethereum has lost 5.5% against the U.S. dollar, but a large handful of alternative digital assets saw much bigger losses this past week. The meme coin dogwifhat (WIF) was the week’s biggest loser shedding 31.2% while notcoin (NOT) lost 24.3% this week. $USDC

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🆘️ Analyst Warns of Bank of England Moment for US Debt, Steep Yield Increases Otavio Costa, a Macro Strategist at Crescat Capital, a multidisciplinary asset management firm, has expressed concern about the state of the U.S. government securities liquidity index and its potential implications for the future of U.S. debt. He suggested that the U.S. is on the verge of experiencing its own ‘Bank of England’ moment prior to the elections, which could lead to a sharp increase in yields. $BTC $ETH $BNB

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🆘️🆘️🆘️⚖ Empire Market Admins Charged for $430 Million in Dark Web Deals. The U.S. Homeland Security Investigations has charged two men for operating Empire Market, a dark web marketplace, facilitating $430 million in illegal transactions. The defendants face severe penalties, including life imprisonment. “During the investigation, federal law enforcement seized cryptocurrency valued at $75 million at the time of the seizures, as well as cash and precious metals,” said U.S. authorities. $BTC $ETH $SOL

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Latest News

Tether Gold's Market Value Reaches $770 Million

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Bitcoin(BTC) Drops Below 94,000 USDT with a 0.08% Decrease in 24 Hours

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Ethereum(ETH) Drops Below 1,800 USDT with a Narrowed 0.40% Increase in 24 Hours

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BTC/USDT,ETH/USDT and SOL/USDT Lead Binance USD-M Perpetual Futures Market in Trading Volume Over the Past 24 Hours

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U.S. Treasury Secretary Anticipates Imminent Trade Agreement

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