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  • Bitcoin is the best asset to protect against Brazil’s 13% yearly currency depreciation
    by Liam ‘Akiba’ Wright on September 13, 2024 at 2:17 pm

    Brazil’s currency loses 12% to 13% of its value each year, according to Cauê Oliveira, the Head of Research and on-chain analyst at BlockTrends Brazil. He warns that without assets earning interest or salary growth exceeding this rate, individuals will become poorer annually. Oliveira’s table compares the annual returns of various assets from 2014 to The post Bitcoin is the best asset to protect against Brazil’s 13% yearly currency […]

  • MicroStrategy buys $1.1 billion in Bitcoin amid market volatility
    by Oluwapelumi Adejumo on September 13, 2024 at 1:32 pm

    MicroStrategy acquired approximately 18,300 Bitcoin for $1.1 billion between Aug. 6 and Sept. 12 at an average price of $60,408 per BTC, according to a Sept. 13 filing with the US Securities and Exchange Commission (SEC). Coinflip data shows the company’s latest purchase already has a paper loss of $2.2 million due to the top The post MicroStrategy buys $1.1 billion in Bitcoin amid market volatility appeared first on CryptoSlate.

  • Kraken challenges SEC’s authority, demands jury trial over crypto asset disputes
    by Oluwapelumi Adejumo on September 13, 2024 at 11:33 am

    Kraken has requested a jury trial in response to the US Securities and Exchange Commission’s (SEC) lawsuit, according to a Sept. 12 court filing. The move comes after a federal judge rejected Kraken’s bid to dismiss the case, which centers on claims that the platform operated an unregistered securities exchange. Kraken’s defense In its filing, The post Kraken challenges SEC’s authority, demands jury trial over crypto asset disputes […]

  • Bitcoin options volume shows short-term indecision, long-term optimism
    by Andjela Radmilac on September 13, 2024 at 10:45 am

    Between Sept. 7 and Sept. 13, Bitcoin options open interest increased from $18.46 billion to $21.06 billion, following Bitcoin’s price rise from $53,900 to $58,100. Despite this rise in OI, daily options volume remained relatively stable, with fluctuations consistent with yearly averages. On Sep. 12 and Sep. 13, $1.41 billion and $1 billion in options were The post Bitcoin options volume shows short-term indecision, long-term optimism […]

  • Coinbase’s cbBTC soars to $100M in first day despite Justin Sun’s criticism
    by Oluwapelumi Adejumo on September 13, 2024 at 10:07 am

    Coinbase’s newly launched wrapped Bitcoin product, cbBTC, has seen rapid adoption within its first 24 hours, with a market capitalization nearing $100 million. Data from Dune Analytics shows the circulating supply of cbBTC has reached 1,720 tokens, valued at $99.8 million. Of this, 43% is on Base, while 57% resides on Ethereum. Base’s DeFi growth The post Coinbase’s cbBTC soars to $100M in first day despite Justin Sun’s criticism […]

  • Odds of 50bps Fed rate cut surge as Bitcoin remains stable at $58k
    by Liam ‘Akiba’ Wright on September 13, 2024 at 8:38 am

    Odds of a 50 basis point rate cut at the Federal Reserve’s upcoming Sept. 18 meeting have surged from 14% to 41%, according to recent market data. This shift coincides with significant stock market gains over the past two days and steady futures markets overnight, suggesting a lack of stress signals from equities. Analysts attribute The post Odds of 50bps Fed rate cut surge as Bitcoin remains stable at $58k appeared first on CryptoSlate.

  • OpenAI launches next gen LLM model o1 using reasoning tokens to plan outputs
    by Liam ‘Akiba’ Wright on September 13, 2024 at 8:10 am

    OpenAI has released a new series of AI models called OpenAI o1, designed to enhance reasoning capabilities for solving complex problems. The o1-preview and o1-mini models aim to spend more time thinking through problems before generating responses, potentially benefiting fields like science, coding, and mathematics. As OpenAI reported, these models learn to refine their thinking The post OpenAI launches next gen LLM model o1 using reasoning […]

  • US lawmaker proposes joint CFTC-SEC committee to unify digital asset regulations
    by Assad Jafri on September 12, 2024 at 11:07 pm

    Congressman John Rose has proposed a new bill to streamline digital asset regulations by creating a Joint Advisory Committee co-managed by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). The BRIDGE Digital Assets Act, introduced in the House, aims to foster collaboration between the two agencies on key policies surrounding The post US lawmaker proposes joint CFTC-SEC committee to unify digital […]

  • Trump says he is ’embracing’ crypto in launch teaser for World Liberty Financial
    by Assad Jafri on September 12, 2024 at 9:45 pm

    Former President Donald Trump announced that World Liberty Financial (WLFI) will officially launch next week on Sept. 16 during a live stream on X (formerly Twitter). Trump shared the news on Sept. 12 via a teaser video on social media, where he stated: “We are embracing the future with crypto and leaving the slow and The post Trump says he is ’embracing’ crypto in launch teaser for World Liberty Financial appeared first on CryptoSlate.

  • 21Shares diversifies custodians to reduce ‘single-point failure risk’ in crypto ETFs
    by Oluwapelumi Adejumo on September 12, 2024 at 8:30 pm

    Asset manager 21Shares has added Anchorage Digital Bank and BitGo as custodians for its spot crypto exchange-traded funds (ETFs) — the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH). According to a Sept. 12 statement, Anchorage Digital Bank and BitGo will now work alongside current custodian Coinbase to enhance 21Shares’ spot The post 21Shares diversifies custodians to reduce ‘single-point failure risk’ in […]

  • Israel Inserted Elite Commandos Into Syria, Blew Up Secret Missile Base, Reports Say
    by Tyler Durden on September 13, 2024 at 12:45 pm

    Israel Inserted Elite Commandos Into Syria, Blew Up Secret Missile Base, Reports Say The Sunday night major Israeli airstrikes in the central Syrian town of Masyaf which we reported on earlier in the week might have involved much more than what was initially known. There was an unusually high death toll for such an attack, which targeted a highly secretive Syrian government facility known as the Syrian Military Scientific Studies […]

  • 5 Reasons Trump Is Making The Right Strategic Choice To Not Debate Again
    by Tyler Durden on September 13, 2024 at 12:30 pm

    5 Reasons Trump Is Making The Right Strategic Choice To Not Debate Again Submitted by QTR’s Fringe Finance Strategically, I think the Trump campaign is making the right decision by saying there will not be a third debate. It could be strategy to get terms he wants for another debate, but I’m hoping it is what it appears to be on its face, closing the book on further debates. Trump didn’t “win” the first debate, but I […]

  • Futures Gain As Expectations For A 50bps Rate Cut Spike
    by Tyler Durden on September 13, 2024 at 12:15 pm

    Futures Gain As Expectations For A 50bps Rate Cut Spike US futures pointed to modest gains after a rally that lifted the Nasdaq 100 more than 5% this week thanks to Nvidia, and the S&P 500 by 3.5%. As of 8:00am ET, S&P futures rose 0.2% led by small-caps which rose 1% as hopes of a jumbo 50bps rate cut jumped overnight; Nasdaq futures were 0.1% higher, with GOOG, META, and NVDA the top performers in megacap land despite a […]

  • 33,000 Boeing Union Workers Go On Strike, First Major Walkout Since 2008
    by Tyler Durden on September 13, 2024 at 11:45 am

    33,000 Boeing Union Workers Go On Strike, First Major Walkout Since 2008 Members of the International Association of Machinists And Aerospace Workers, which represents 33,000 Boeing employees at factories near Seattle and elsewhere, overwhelmingly rejected a ‘historic contract offer’ with the troubled planemaker and voted to go on strike.  Unionized Boeing workers have approved a strike. IAM 751 says 33,000+ workers in […]

  • Potential Port Strike Has Retailers, Manufacturers Scrambling
    by Tyler Durden on September 13, 2024 at 11:20 am

    Potential Port Strike Has Retailers, Manufacturers Scrambling By Noi Mahoney of FreightWaves Retailers and manufacturers are seeking to mitigate a potentially multibillion-dollar hit if members of the International Longshoremen’s Association go on strike beginning Oct. 1 at 13 of the nation’s major East Coast and Gulf Coast ports. The contract between the ILA and the United States Maritime Alliance, which negotiates on […]

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  • “Wheat & Food Security” At Risk After Russian Missile Hits Ukrainian Grain Ship In Black Sea 
    by Tyler Durden on September 13, 2024 at 10:55 am

    “Wheat & Food Security” At Risk After Russian Missile Hits Ukrainian Grain Ship In Black Sea  Ukrainian President Volodymyr Zelenskiy revealed on X early Thursday that a Russian missile struck a bulk carrier hauling Ukrainian wheat while sailing through the Black Sea en route to Egypt. Russian missile against a wheat cargo bound for Egypt. Tonight, Russia launched a strike on an ordinary civilian vessel in the Black Sea […]

  • Gen Z Should Not Be Fooled by Kamala’s Sudden Seriousness
    by Tyler Durden on September 13, 2024 at 10:30 am

    Gen Z Should Not Be Fooled by Kamala’s Sudden Seriousness Authored by Ethan Watson via RealClearPolitics, After yanking Joe Biden off the ticket with a giant vaudeville cane, Kamala Harris has breathed new life into the Democratic party. Kamala opened her campaign with the “politics of joy,” replete with twerking rappers, sassy X clapbacks, and quirky Doritos videos. But, after weeks of pressure from the media, Kamala has […]

  • Visualizing The Price Of Gold By US President Since 1989
    by Tyler Durden on September 13, 2024 at 9:45 am

    Visualizing The Price Of Gold By US President Since 1989 Gold prices per ounce surpassed $2,500 USD for the first time ever in August 2024, setting a new all-time high. The surge in gold value this year has largely been driven by increased central bank demand amidst an increasingly complicated geopolitical and financial landscape. A World Gold Council survey conducted in April 2024 found that 29% of central bank respondents […]

  • Putin Puts West On Notice: Long-Range Arms For Ukraine Will Mean ‘NATO At War With Russia’
    by Tyler Durden on September 13, 2024 at 9:30 am

    Putin Puts West On Notice: Long-Range Arms For Ukraine Will Mean ‘NATO At War With Russia’ Update(1230ET): Putin says not so fast… First, here’s a UK Times report within the last hour: Britain and the United States are on the verge of allowing Ukraine to use long-range missiles against targets in Russia after accusing President Putin of “escalating” the conflict by accepting ballistic missiles from Iran. David Lammy, the […]

  • Uzbekistan Leverages Russia’s Need For Allies, Secures Discounted Gas
    by Tyler Durden on September 13, 2024 at 9:00 am

    Uzbekistan Leverages Russia’s Need For Allies, Secures Discounted Gas Via Eurasianet.org, Russian Prime Minister Mikhail Mishustin’s visit to Uzbekistan aimed to strengthen ties and promote Uzbekistan’s membership in the Eurasian Economic Union (EAEU). Uzbekistan maintained a cautious stance, prioritizing its strategic partnership with Russia but avoiding commitments on EAEU membership or specific joint projects. The […]

  • EV Semi Prices Need To Fall 30-50% To Compete With Diesel, A New Study Says
    by Tyler Durden on September 13, 2024 at 8:15 am

    EV Semi Prices Need To Fall 30-50% To Compete With Diesel, A New Study Says We already know that emission free or EV trucking isn’t a cost efficient endeavor, which is why many companies like Pepsi have done token purchases of a couple of EV semis, but are still using ICE 18 wheelers to get product to shelves.  Today a new article from Reuters lays out the numbers behind why emission free trucking remains a fallacy: emissions-free […]

  • The Folly Of Criminalizing “Hate”
    by Tyler Durden on September 13, 2024 at 7:30 am

    The Folly Of Criminalizing “Hate” Authored by Wanjiru Njoya via The Mises Institute, Many people were shocked when over 1,000 protesters were arrested in the UK and jailed for various offenses including “violent disorder” and stirring up racial hatred. Most shocking were the cases of those arrested for posting social media comments on the riots, despite not being present at the scene and there being no evidence that anybody who […]

  • Russia Ready To ‘Combine Potential’ With China If Faced With Western Aggression
    by Tyler Durden on September 13, 2024 at 6:45 am

    Russia Ready To ‘Combine Potential’ With China If Faced With Western Aggression China has shrugged off accusations issued by the United States this week that it is directly supporting Russia’s ‘war machine’. US deputy secretary of state Kurt Campbell told reporters Wednesday that China is providing more than just dual use items, but instead is transferring “component pieces of a very substantial effort on the part of China to […]

  • Erdogan’s Proposed Islamic Alliance Against Israel Is Pure Demagoguery
    by Tyler Durden on September 13, 2024 at 6:00 am

    Erdogan’s Proposed Islamic Alliance Against Israel Is Pure Demagoguery Authored by Andrew Korybko via Substack, Turkish President Erdogan has attempted over the years to present himself as the voice of the international Muslim community, or Ummah, most recently by calling for an Islamic alliance against Israel. His strong rhetoric about the latest Israeli-Hamas war has earned him the praise of many and also resulted in sharp […]

  • Our Moonshot Moment Is Here
    by Tyler Durden on September 13, 2024 at 3:30 am

    Our Moonshot Moment Is Here Authored by  Nadia Schadlow & Craig Mundie via The Epoch Times (emphasis ours), American policymakers have spent years decrying the loss or impending loss of key competitive sectors to China, including 5G telecommunications networks, solar panels, advanced manufacturing, and quantum computing. Recently, it was reported that China was outspending the United States on fusion energy and that it could […]

  • Endgame: Interest On US Debt Surpasses $1 Trillion For First Time Ever, Exploding August Budget Deficit To Record High
    by Tyler Durden on September 13, 2024 at 3:05 am

    Endgame: Interest On US Debt Surpasses $1 Trillion For First Time Ever, Exploding August Budget Deficit To Record High 2024 was the year when the runaway US budget deficit was supposed to gradually normalize, and after two crisis-years, the US was supposed to end its drunken sailor spending ways. And for a while there, it seemed touch and go, with the cumulative US deficit initially overtaking 2023 – forget about the batshit insane […]

  • Using Law As A Political Weapon Undermines Public Trust In Elections
    by Tyler Durden on September 13, 2024 at 2:40 am

    Using Law As A Political Weapon Undermines Public Trust In Elections Authored by Ryan Silverstein via RealClearPolitics, This summer saw a slew of court cases over the issue of ballot access. Now the litigation is threatening to undermine voters’ confidence in this fall’s election. The ability to reflect on and elect our own leaders is the core of our democracy. Democrats should have been thrilled to see third-party candidates […]

  • Meet The California Car Rental Company At The Center Of A Massive National Theft Ring
    by Tyler Durden on September 13, 2024 at 2:15 am

    Meet The California Car Rental Company At The Center Of A Massive National Theft Ring A California car rental company was found to be at the center of a nationwide crime-tourism spree, authorities in Los Angeles revealed this week.  U.S. Attorney Martin Estrada said during a news conference in on Wednesday: “Those thinking they can come to our country, take advantage of our liberties and steal from the American people should […]

  • America Is Going, Going, Gone
    by Tyler Durden on September 13, 2024 at 1:50 am

    America Is Going, Going, Gone Authored by J. Peder Zane via RealClearPolitics, Like a Greek chorus, my Republican friends warn that “the America we’ve known and loved will be gone” if Kamala Harris is elected president. They are half right. Neither Harris nor Donald Trump is seeking to restore the traditional values and ideals of freedom and opportunity that have made our country exceptional. Both candidates reject our […]

  • USS Roosevelt Carrier Heads Home After Extended Deployment In Middle East
    by Tyler Durden on September 13, 2024 at 1:25 am

    USS Roosevelt Carrier Heads Home After Extended Deployment In Middle East The USS Theodore Roosevelt aircraft carrier is heading back to US shores and its home of Naval Station Norfolk in Virginia after an extended Mideast tour. This brings to an end a rare Pentagon decision to have two US carrier’s patrolling Middle East region waters, in the wake of soaring tensions between Israel and Iran following the Israeli assassination of […]

  • A Paper Clip-Sized Device Is Changing Heart Failure Treatment
    by Tyler Durden on September 13, 2024 at 1:00 am

    A Paper Clip-Sized Device Is Changing Heart Failure Treatment Authored by Robin Seaton Jefferson via The Epoch Times (emphasis ours), A tiny device, no bigger than a paper clip, may be improving the lives of heart failure patients. Implanted in the pulmonary artery, this wireless sensor allows doctors to detect fluid buildup weeks before symptoms appear. When the heart is unable to pump enough blood to meet the body’s needs, […]

  • Migrant Population In Charleroi, Pennsylvania Explodes 2,000% As Crisis Unfolds
    by Tyler Durden on September 13, 2024 at 12:40 am

    Migrant Population In Charleroi, Pennsylvania Explodes 2,000% As Crisis Unfolds Americans are quickly realizing that the Biden-Harris administration’s disastrous open southern border policies that flooded the nation with millions of unvetted illegal aliens from third-world countries are quickly overwhelming towns and local municipalities nationwide. The nation has been shocked by the 20,000 Haitians that were dumped […]

  • Pennsylvania Voters Reflect On 2024 Election, Their Hopes For The Future
    by Tyler Durden on September 13, 2024 at 12:20 am

    Pennsylvania Voters Reflect On 2024 Election, Their Hopes For The Future Authored by Joseph Lord, Madalina Vasiliu and Stacy Robinson via The Epoch Times (emphasis ours), With its 19 electoral votes, Pennsylvania is shaping up to be the most critical swing state in the 2024 election for both major candidates. (Top L–R) Lawrence Clark at his business 4 Thee Family II convenience store in downtown York, Pa., on Sept. 5, 2024, Susan […]

  • McDonald’s Meal Deal Extends Into December As Core Customers Under Pressure 
    by Tyler Durden on September 13, 2024 at 12:00 am

    McDonald’s Meal Deal Extends Into December As Core Customers Under Pressure  McDonald’s is set to extend its $5 meal deal, originally a summer promotion launched in June, through December across all US markets. This move signals the fast-food giant’s acknowledgment that its core customers are struggling to afford Big Macs in a period of elevated inflation and high interest rates, thanks to failed Bidenomics. Recent data […]

  • Tim Walz’s Democrats Are Not The Blue Dog Democrats
    by Tyler Durden on September 12, 2024 at 11:40 pm

    Tim Walz’s Democrats Are Not The Blue Dog Democrats Authored by Kirsten Kukuwski via RealClearPolitics, In six years, Tim Walz took our state budget from $44 billion to $70 billion, squandered a $19 billion surplus and turned it into a deficit even though Minnesotans overwhelmingly wanted tax cuts, raised taxes by $10 billion, increased state government spending by 40%, adopted a California emissions standard, created more […]

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