Stagflation is now the concern for the US: MacroSlate Weekly
Stagflation is now the concern for the US: MacroSlate WeeklyGDP print was significantly smaller than the previous two quarters, 2.6% and 3.2%, respectively.
Happy Saturday!The global crypto market cap is $1.21 trillion with a 24-hour volume of $26.71 billion. The price of Bitcoin is $29,285.33 and BTC market dominance is 47.0%. The price of Ethereum is $1,905.66 and ETH market dominance is 19.0%.
Latest NewsStagflation is now the concern for the US: MacroSlate Weekly
GDP print was significantly smaller than the previous two quarters, 2.6% and 3.2%, respectively. Crypto-linked Cross River Bank receives FDIC orderThe order is related to the bank's compliance with lending laws, not its crypto activity. PayPal subsidiary Venmo to introduce cryptocurrency transfersVenmo previously introduced crypto trading services in April 2021. FDIC says Signature Bank failed due to mismanagement, risky crypto depositsBefore its collapse, Signature Bank had $110 billion in assets under management and was the 29th largest lender in the U.S. Genesis to enter mediation with creditors to continue restructuring planSeveral creditors recently walked away from an earlier agreement. SEC fines Up Global, Coinme $3.9M; issues C&DThe founder and CEO of both companies was also named in the SEC's latest filing. Ex Coinbase CTO Balaji clarifies 10% chance of sovereign default is ‘very high’Former Coinbase CTO Balaji Srinivasan said sovereign defaults are only a matter of time as governments are printing trillions. Mastercard eyes more crypto expansion movesMastercard offers cryptocurrency debit cards for several entities, including Gemini, Nexo, Bitso, Lulu Exchange, Bybit, and Binance.
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US government holds $6B worth of Bitcoin: Glassnode data
Friday, April 28, 2023
Judging by its precedence, the US government could potentially sell off the Bitcoin within the next few years.
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