Category: Featured
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Wall Street Stumbles Again: The Unexpected Ups and Downs of the U.S. Economy in 2023
Forecasts and Reality Clash No one said it would be easy to forecast an economy emerging from a pandemic, especially after unprecedented fiscal stimulus and a steep interest rate hike campaign. Yet, Wall Street’s miscalculations on the U.S. economy in 2023 have been significant. From the beginning of the year to the end, and often […]
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The Fed’s Political Game: Powell’s Behavior Exposes the Truth
Powell’s Shifting Stance It’s become increasingly clear that Federal Reserve Chairman Jerome Powell is neither apolitical nor purely data-dependent. His actions speak for themselves. When Powell was up for renomination, he maintained interest rates below 1% and significantly expanded the Fed’s balance sheet, only narrowly avoiding breaching the $9 trillion mark in an unprecedented display […]
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Market Outlook: Housing Sector and Economic Indicators Drive Global Market Trends
Chicago Fed National Activity and Housing Sector Data Kick Off the Week This Tuesday, the week starts with the release of the Chicago Fed National Activity report and housing price numbers. Of particular significance is the impact the Housing sector data could have on the overall economy. Economists believe that the housing sector numbers are […]
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Crypto Markets Stay Active Even on Christmas Day, Thanks to Liquidity Providers
The Unsleeping Cryptocurrency Markets While the rest of the financial world takes a break on Christmas Day and New Year’s Eve, the crypto markets continue to hum with activity. Crypto brokerage shops, market makers, and over-the-counter trading operations are wide awake, accepting orders and providing liquidity even during the holidays. A Network of Constant Exchange […]
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2023 Crypto Tech Roundup: From Smartphones to NFT Art Frames
Solana Saga smartphone In April, Solana introduced the Saga smartphone—a revolutionary device tailored specifically for the Solana ecosystem. With a built-in hardware wallet and a native store for decentralized applications (dapps), this smartphone represents the first step towards bringing crypto to a billion people. Decrypt labeled it as “polished and premium,” praising its intuitive Web3 […]
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Japan Approves Tax Revision for Long-Term Crypto Holdings, Boosting Web3 Business
Eliminating Mark-to-Market Valuation for Long-Term Holdings Under the proposed revision, the mark-to-market valuation for crypto assets will no longer be applied if companies hold these assets for an extended duration. By removing this requirement, corporations will be relieved from paying taxes on unrealized gains derived from their long-term crypto holdings. According to industry insiders, short-term […]
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Alternative metrics, Lido’s rise, and PancakeSwap’s dominance reshape DeFi landscape
Maker and the Spark Protocol Maker stands out for its strategic investments in US Treasury bonds, capitalizing on rising interest rates to capture yield. The Spark Protocol subDAO, part of Founder Rune Christensen’s vision for Maker’s future, offered investors exposure to T-bill yield through a locked version of the DAI stablecoin. At its peak, the […]
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Fed Rate Cuts May Accelerate Home Prices, Says Fitch, Posing Affordability Challenges
Fitch Aligns with Fed’s Projected Interest Rate Cut Fitch expects the Federal Reserve to reduce interest rates by 75 basis points in 2024, matching the central bank’s own projections. The ratings agency anticipates a 0%-3% increase in home prices for the next year, followed by a 2%-4% boost in 2025. “This will continue to impact […]
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Digital Asset Anti-Money Laundering Act Faces Opposition, Threatening Crypto Innovation
United States AML Act Gains Support, Prompting Concerns The Digital Asset Anti-Money Laundering Act has garnered support from 19 U.S. senators, leading to concerns expressed by the Chamber of Digital Commerce. While the intent of the act is to combat money laundering, critics argue that it is essentially a crypto ban that could stifle innovation, […]
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2023: The Rise of the Magnificent Seven and the Struggle for Market Diversification
Growing Concerns of Narrow Leadership However, experts caution that this narrow focus on technology is atypical of early bull markets. Typically, broad leadership emerges as confidence in the economic outlook grows. Bernstein, formerly the chief investment strategist at Merrill Lynch, draws parallels with the late-1990s tech bubble, which holds valuable lessons for today’s investors. This […]