Despite the lack of expected interest rate cuts, the stock market has thrived in 2024 ℹ️
Tom Lee, founder of Fundstrat, believes the S&P 500 could hit 15,000 by 2030, citing strong market trends and favorable macro and demographic factors 😮 #s&p
In 2018, Milo Đukanović, Montenegro’s Prime Minister, invested $75,000 in LUNA🌔 tokens from Terraform Labs, according to court documents
Terraform Labs has since become a major entity in the cryptocurrency market, highlighting the significance of Đukanović's early investment 😎$BTC $ETH $BNB
Rug Pull: Theft of funds by token developers, common on DEXs (where they control the trades) and especially in meme tokens (where they don't bother with white papers and the like). At some point, the team simply takes all the money and disappears💥
3 types of rug pulls: 🔖 Withdrawal of assets from the liquidity pool on DEX. 🔖 Modification of the smart contract to prevent token sales. 🔖 Team/insiders dumping all their token holdings in a short period.
What to Do: ➕ In theory, any team with a token on a DEX can turn bad and take the money at any time. The best protection is not to use DEXs.
➕ If avoiding DEXs is not an option, gather as much information as possible about the project/team/token/contract and double-check everything to minimize risks 🐻
🌐 WSJ: "Cryptocurrency could avert U.S. debt crisis"
Yesterday’s The Wall Street Journal published an article titled “Cryptocurrency Could Avert U.S. Debt Crisis.” 😮
The piece discusses how dollar-backed stablecoins are increasingly purchasing U.S. government debt, which may play a crucial role in preventing a debt crisis💡$BTC $ETH $BNB