ALPHA:
There are multiple upcoming launches of Solidly forks to keep an eye on.
SolidlyETH - On Ethereum, which should really crank up the ETH burn rate
Thena - On BSC and has announced many launch partner protocols with great teams
3xcalibur - On Arbitrum
Equalizer - Fantom, which may see a revival now that Andre Cronje claims to be back:
MARKET:
Another 75bps rate hike came down from the FOMC this week, but the accompanying statement hinted at a potential step down or slow down in hikes going forward. Terminal rates are likely 125 bps higher (5%) than they are currently, so easy money is farm from back. Jerome Powell didn’t mince words about whether it’s time to pause hikes.
“Uptober” lead to price rises for Ethereum (20%) and Bitcoin (6%), and there’s optimism November midterms could lead to continued increases if the Republicans can win majority in either then House or Senate.
NEWS:
Twitter laying off 50% of workforce as Elon Musk takes over:
As Musk is focused on monetizing Twitter:
Bitcoin miners capitulating. Unpaid debt
NFTs:
RUGS:
POD O’ THE WEEK:
Erik Voorhees is one of the most well spoken and pro-decentralization ambassadors we have in cryptocurrency
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None of this is financial advice