The Last 168 Hours in DeFi
Sentiment wanes as investors squint to find a light at the end of the tunnel
MARKET:
We are in historic territory for negative bond and stock returns this year, and there’s really no light at the end of the tunnel. Inflation continues to outpace the Fed’s target so they aren’t stopping the rate hikes. Hedge funds are now urging investors to sell stocks, which is something you rarely ever hear. It’s really all one trade now, as cryptocurrency is very correlated with the stock market.
NEWS:
Big raise for Celestia announced:
NFTs:
Scan to own?
Warner Bros and Toys R Us join:
Hollywood deal for Crypto Kitties founder:
REGULATORY:
RUGS:
White hat hacker ended up returning funds and was awarded a bounty:
POD O’ THE WEEK:
Do Kwon speaks publicly:
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None of this is financial advice