The sharp increase in the unemployment rate is traceable. Internet giants are laying off employees in several groups. It is not surprising that the number of non-agricultural workers has more than doubled.
1. Russia currently has the upper hand in the Russo-Ukrainian War. The United States took the lead and approved a wave of German Leopard 2s. With tanks, fighter jets are not far away as the next step. Once this gap is opened, Russia is forced into a corner (it wants a bayonet). )
2. There is a high probability that a certain country will take action (the ideal time is before the 2024 US election)
3. The logic of recession is still there. The market is currently pricing in another interest rate cut this year. Powell’s butt is uncertain. I personally think that the dove in the 🦅 this time is a political mission and cannot fully reflect the true situation of the market.
4. During the U.S. debt crisis, the two parties began to quarrel, and finally shook hands and raised the debt ceiling. However, this time the bond countries (you know) did not pay the bill, so the economic separation between China and the United States was inevitable. You can refer to the experiences of various countries during this period. Gold reserves
Note that BTC ETH has temporarily broken through the upper resistance. There is no false breakthrough for the time being. The BTC 24040 resistance has broken through the ETH1680 double top and has finally broken. If BTC falls back to 23700, the breakthrough will fail. If ETH falls back to 1635, the breakthrough will fail.
Trends and cycles complement each other. The reason for the rise in the past two weeks is that the U.S. debt is behind it. A longer-term bearish to bullish cycle requires a long-term bottom structure. I have not seen it at the moment, but it will definitely be a big trend in the next few months. The range is oscillating, with Bitcoin falling no more than 15%. We are very close to the absolute bottom.
June is a turning point for the market. If you don’t believe what I say, you can follow me first, and you can come and scold me when the time comes.
They have been saying that the logic of raising interest rates and locking inflation in the previous stage has ended, and that in the next stage the market will focus on recession (around the unemployment rate).
DCG CEO said that DCG did borrow funds from Genesis Capital and had a promissory note of US$1.1 billion due in 2032, but these loans were always structured on the basis of arm's length transactions and priced at current market interest rates. DCG currently owes Genesis Capital $447.5 million and 4,550 BTC (approximately $78 million), which were borrowed between January and May 2022 at an interest rate of 10% to 12% and will be due in May 2023 Expect.
Office of Foreign Assets Control cryptocurrency-related sanctions have been on the rise since 2021. In 2018, OFAC imposed its first crypto-related sanctions, designating two Iranian nationals related to the SamSam ransomware strain. As you can see from the chart below, the intensity of supervision has been rising, and it is also a threat to the crypto industry. Recognition is deepening
The Ethereum Shanghai upgrade is planned to be carried out in March this year. One of the items is the opening of ETH pledge unlocking on the beacon chain, which is the so-called EIP-4895.
As of today, the total number of ETH pledges is approximately 15.85 million ETH, accounting for approximately 13% of the total ETH. The total number of active validators is 495,000, and the annualized interest rate is 4.2%.
LSD’s track lido accounted for nearly 80%, and the second place was rocket pool, which accounted for nearly 8%.
The world's monetary system is extremely important in terms of how resources are shared. Money simply converts the earth's potential energy into a form that can be traded. Every form of money represents a requirement for energy. If you control the monetary system, you control energy. If you control energy, you control the course of human civilization.
The Western financial system supports the U.S. dollar, the world's reserve currency. Most of the world's energy and commodity trade is denominated in U.S. dollars. This means Pax Americana can print energy at will. Clearly, if they abuse this privilege, a new monetary and financial system will emerge to challenge the corrupt old system. Think of Bitcoin and cryptocurrencies as a natural response to the profligacy of the U.S. dollar-based Western financial system.
In the event that DCG’s Grayscale Holdings would have to liquidate its assets, the tokens most affected would be: ETH | Grayscale holds 8.53% of market cap ZEN | Grayscale holds 4.64% of market cap BTC | Grayscale holds 3.28% of market cap ZEC | Grayscale holds 2.59% of market capitalization ETH | Grayscale holds 2.52% of market cap LTC | Grayscale holds 2.11% of market capitalization BCH | Grayscale holds 60% of market cap MANA | Grayscale holds 1.00% of market capitalization
The impact of the FTX incident is still continuing, and the $8 billion in fraud charges involved is enough to attract the attention of regulatory and judicial agencies in the United States. Debt settlements and judicial proceedings surrounding major companies such as FTX, Alameda Research, and Genesis are still ongoing. Until they are fully resolved, there is still the possibility of great volatility in FTX-related crypto market assets.