Investors' Confidence In German Economy Plummets After A Wave Of Bad News
In September, the index of investor confidence (ZEW) in the German economy fell to its lowest level since October 2023 and amounted to 3.6 points. At the same time, in August ZEW was at 19.2 points. While the decline in economic expectations in the eurozone indicates an overall increase in pessimistic sentiment, the decline in expectations for the German economy is significantly higher
The outlook for Europe's largest economy worsened after output contracted unexpectedly in the second quarter of 2024 amid weak industrial performance. In addition, Germany's economic outlook has been hit by a spate of bad news over the past few weeks.
Thus, the large German automaker Volkswagen plans to announce the closure of 2-3 factories in the country and lay off up to 15,000 employees. Another car maker BMW cut its profit forecast for 2024 due to the recall of 1.5 million cars due to identified faults in the brake system.
In September, the index of investor confidence (ZEW) in the German economy fell to its lowest level since October 2023 and amounted to 3.6 points. At the same time, in August ZEW was at 19.2 points. While the decline in economic expectations in the eurozone indicates an overall increase in pessimistic sentiment, the decline in expectations for the German economy is significantly higher
The outlook for Europe's largest economy worsened after output contracted unexpectedly in the second quarter of 2024 amid weak industrial performance. In addition, Germany's economic outlook has been hit by a spate of bad news over the past few weeks.
Thus, the large German automaker Volkswagen plans to announce the closure of 2-3 factories in the country and lay off up to 15,000 employees. Another car maker BMW cut its profit forecast for 2024 due to the recall of 1.5 million cars due to identified faults in the brake system.
Decentralized Physical Infrastructure Networks (DePINs) – Part 1
As blockchain technology reshapes the digital landscape, its influence is extending into the physical world through Decentralized Physical Infrastructure Networks (DePINs). These networks bring a new level of fairness and inclusivity by integrating blockchain with physical infrastructure, offering an alternative to centralized models like Swiggy, where control is in the hands of a single authority.
DePINs represent the next frontier in decentralization, applying the principles of blockchain to physical infrastructure. They leverage smart contracts and the Internet of Things (IoT) to enable autonomous, real-time interactions, enhancing the efficiency, security, and transparency of systems like renewable energy grids and supply chains.
By distributing management across a decentralized blockchain network, DePINs eliminate the need for a central authority. These networks are already being applied in various domains, such as Energy Trading and Supply Chain Management
DePINs not only support sustainable practices, like promoting renewable energy, but also reduce dependency on large, centralized facilities. They fall into several major categories, including:
1. Cloud Storage Networks: Facilitating decentralized content delivery and VPNs.
2. Wireless Networks: Enabling the rollout of decentralized 5G technology.
3. Sensor Networks: Gathering real-time data from various sources.
4. Energy Networks: Enhancing the efficiency and reach of decentralized energy grids.
DePINs are revolutionizing how we manage physical infrastructure, offering a sustainable and decentralized alternative to traditional systems. Stay tuned for Part 2!
As blockchain technology reshapes the digital landscape, its influence is extending into the physical world through Decentralized Physical Infrastructure Networks (DePINs). These networks bring a new level of fairness and inclusivity by integrating blockchain with physical infrastructure, offering an alternative to centralized models like Swiggy, where control is in the hands of a single authority.
DePINs represent the next frontier in decentralization, applying the principles of blockchain to physical infrastructure. They leverage smart contracts and the Internet of Things (IoT) to enable autonomous, real-time interactions, enhancing the efficiency, security, and transparency of systems like renewable energy grids and supply chains.
By distributing management across a decentralized blockchain network, DePINs eliminate the need for a central authority. These networks are already being applied in various domains, such as Energy Trading and Supply Chain Management
DePINs not only support sustainable practices, like promoting renewable energy, but also reduce dependency on large, centralized facilities. They fall into several major categories, including:
1. Cloud Storage Networks: Facilitating decentralized content delivery and VPNs.
2. Wireless Networks: Enabling the rollout of decentralized 5G technology.
3. Sensor Networks: Gathering real-time data from various sources.
4. Energy Networks: Enhancing the efficiency and reach of decentralized energy grids.
DePINs are revolutionizing how we manage physical infrastructure, offering a sustainable and decentralized alternative to traditional systems. Stay tuned for Part 2!
NEW: 🟠 Metaplanet CEO shares how much Bitcoin per share their company has held over time 👀
"Proud to share our #Bitcoin per share (in satoshis). Each bar represents our Bitcoin holdings per share, showing a steady increase since our adoption of the Bitcoin standard. Our goal is to keep growing our BTC per share for long-term shareholder value Metaplanet."
- Simon Gerovich
"Proud to share our #Bitcoin per share (in satoshis). Each bar represents our Bitcoin holdings per share, showing a steady increase since our adoption of the Bitcoin standard. Our goal is to keep growing our BTC per share for long-term shareholder value Metaplanet."
- Simon Gerovich
#BTC standing strong and kept on getting rejection from strong resistance. Price again back inside the consoldiation range making it a fakeout now. Now only the daily candle closing can give more clarity.
Bitcoin's Coinbase premium hit a 39-day high as the price reclaimed $63K. The Coinbase Premium Index, which measures the gap between $BTC prices on Coinbase Pro vs Binance, reached 0.0114 - its highest since July 15. This suggests increased US investor demand.
The surge in demand followed Fed Chair Jerome Powell's speech at Jackson Hole, where he indicated that interest rate cuts were likely, though no specific timeline was given.
Do you think $BTC will surge further this coming week?
👍 Yes
👎 No
The surge in demand followed Fed Chair Jerome Powell's speech at Jackson Hole, where he indicated that interest rate cuts were likely, though no specific timeline was given.
Do you think $BTC will surge further this coming week?
👍 Yes
👎 No
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Mystery of Gas Prices
Gas prices are the engine that drives transactions in the Ethereum ecosystem. They represent the fees users pay to execute transactions or interact with smart contracts. Think of it like tipping for faster service,the higher the gas price, the quicker miners process your transaction.
However, finding a balance is key. Pay too little, and your transaction might stall; pay too much, and you’re wasting resources. As Ethereum’s network experiences congestion, gas prices fluctuate, so staying alert to these changes can help you optimize transaction speed and cost.
Gas prices are the engine that drives transactions in the Ethereum ecosystem. They represent the fees users pay to execute transactions or interact with smart contracts. Think of it like tipping for faster service,the higher the gas price, the quicker miners process your transaction.
However, finding a balance is key. Pay too little, and your transaction might stall; pay too much, and you’re wasting resources. As Ethereum’s network experiences congestion, gas prices fluctuate, so staying alert to these changes can help you optimize transaction speed and cost.
🗓 Coming Up Next Week
Monday 30.09
⏺China Composite PMI
⏺UK GDP
⏺Germany CPI
⏺FED Powell Speech
Tuesday 01.10
⏺China - Markets Closed
⏺US, Japan, Germany, UK, Eurozone PMIs
⏺Eurozone CPI
Wednesday 02.10
⏺China - Markets Closed
⏺US ADP Nonfarm Employment
Thursday 03.10
⏺China - Markets Closed
⏺Japan, Australia, Germany, UK, Eurozone PMIs
⏺US Services PMI
Friday 04.10
⏺China - Markets Closed
⏺US Nonfarm Payrolls ✅️✅️✅️
Monday 30.09
⏺China Composite PMI
⏺UK GDP
⏺Germany CPI
⏺FED Powell Speech
Tuesday 01.10
⏺China - Markets Closed
⏺US, Japan, Germany, UK, Eurozone PMIs
⏺Eurozone CPI
Wednesday 02.10
⏺China - Markets Closed
⏺US ADP Nonfarm Employment
Thursday 03.10
⏺China - Markets Closed
⏺Japan, Australia, Germany, UK, Eurozone PMIs
⏺US Services PMI
Friday 04.10
⏺China - Markets Closed
⏺US Nonfarm Payrolls ✅️✅️✅️
Analysis of Bitcoin's price momentum reveals a mixed picture throughout August, marked by both positive and negative data points. This indecisive trend contrasts sharply with two previously discussed indicators, which have shown consistently negative signals over the same period. The divergence between price momentum and other market indicators suggests a complex market environment, where price action is not clearly aligning with other metrics of market activity and sentiment.
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🆕Google adds blue check mark to official email addresses.
Phishing is a fraudulent technique that hackers use to steal your information and data. This is done by impersonating a company and trying to mimic the email address.
To reduce the problem of email fraud, Google (via its Gmail service) launched the Verified feature to confirm official email addresses from unofficial ones.
Phishing is a fraudulent technique that hackers use to steal your information and data. This is done by impersonating a company and trying to mimic the email address.
To reduce the problem of email fraud, Google (via its Gmail service) launched the Verified feature to confirm official email addresses from unofficial ones.
Crypto Speak: Side Chains
As blockchain tech evolves, side chains are becoming a game-changing innovation for scalability and efficiency. A side chain is essentially a separate blockchain connected to a main one, allowing for smooth asset transfers and enhanced functionality.
Think of it as the express lane for transactions—side chains reduce congestion on the main blockchain, speeding up transactions and lowering fees. A notable example is the Liquid Network, built on Bitcoin, offering faster and more private transactions while staying securely linked to the main chain.
Why Side Chains Matter:
- Scalability:Handle transactions independently to reduce main chain congestion.
- Experimentation: Safely test new features without disrupting the main chain.
- Interoperability: Enable smoother interactions between different blockchains.
- Customizability:Set up unique governance models and rules for specific needs.
- Security: Maintain robust security while enhancing the functionality.
As blockchain tech evolves, side chains are becoming a game-changing innovation for scalability and efficiency. A side chain is essentially a separate blockchain connected to a main one, allowing for smooth asset transfers and enhanced functionality.
Think of it as the express lane for transactions—side chains reduce congestion on the main blockchain, speeding up transactions and lowering fees. A notable example is the Liquid Network, built on Bitcoin, offering faster and more private transactions while staying securely linked to the main chain.
Why Side Chains Matter:
- Scalability:Handle transactions independently to reduce main chain congestion.
- Experimentation: Safely test new features without disrupting the main chain.
- Interoperability: Enable smoother interactions between different blockchains.
- Customizability:Set up unique governance models and rules for specific needs.
- Security: Maintain robust security while enhancing the functionality.
In prolonged downtrends, investors sell at lower prices, pushing the cost basis of newer supply down. We've created an indicator comparing cost bases of 1w-1m and 1m-3m holders to gauge capital flows.
Capital Outflows 🟪: Younger coins' (1w-1m 🟠) cost basis falls faster than older ones (1m-3m 🔴).
Capital Inflow 🟦: Younger coins' cost basis rises faster in uptrends.
Currently, younger coins trade below older ones, indicating net outflows. This might hint at early stages of a market reversal.
Capital Outflows 🟪: Younger coins' (1w-1m 🟠) cost basis falls faster than older ones (1m-3m 🔴).
Capital Inflow 🟦: Younger coins' cost basis rises faster in uptrends.
Currently, younger coins trade below older ones, indicating net outflows. This might hint at early stages of a market reversal.
One commodity that is underperforming now are oil prices after an incredible short term run to the upside. On the 1D timeframe, it looks like price made a false breakout to indicate a trend reversal as oil gets closer to the $60s price range.
Lower oil prices could mean softer inflation data in the next report although it will not affect Core CPI. Nearing the election, it seems like a lower commodity price could likely happen in the next month as well. Seasonally, November is oil's second worst month of the year according to the EdgeFinder.
-Mack
Lower oil prices could mean softer inflation data in the next report although it will not affect Core CPI. Nearing the election, it seems like a lower commodity price could likely happen in the next month as well. Seasonally, November is oil's second worst month of the year according to the EdgeFinder.
-Mack
Someone just bet over $1 million that Trump will lose the election! 💸
On the crypto betting platform Kalshi (Polymarket's competitor), a mysterious trader placed more than $1 million on Trump losing the upcoming election.
Insider info or just strong faith in Kamala Harris? 👀 While everyone’s guessing, it looks like Trump has found another opponent… this time in the crypto space. 😅
On the crypto betting platform Kalshi (Polymarket's competitor), a mysterious trader placed more than $1 million on Trump losing the upcoming election.
Insider info or just strong faith in Kamala Harris? 👀 While everyone’s guessing, it looks like Trump has found another opponent… this time in the crypto space. 😅
🇺🇸 Trump Effect Sparks Crypto Fund Inflows! 🚀
From October 6 to 12, crypto funds saw inflows of $407M, reversing the $147M outflow from the previous week, according to CoinShares. 📊
Experts say it’s not macroeconomic data or Fed policy driving this shift—it's the growing odds of Trump winning the US presidential race. 🗳 With Trump pulling ahead of Kamala Harris, investors are betting on his pro-crypto stance bringing better days for digital assets. 💸
Looks like the bulls are rooting for Trump! 🐂
From October 6 to 12, crypto funds saw inflows of $407M, reversing the $147M outflow from the previous week, according to CoinShares. 📊
Experts say it’s not macroeconomic data or Fed policy driving this shift—it's the growing odds of Trump winning the US presidential race. 🗳 With Trump pulling ahead of Kamala Harris, investors are betting on his pro-crypto stance bringing better days for digital assets. 💸
Looks like the bulls are rooting for Trump! 🐂
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🔥BULLISH: 🪙 BlackRock's $IBIT has bought over $1,000,000,000 worth of Bitcoin this week📈
🔥 JUST IN: 🇩🇪 Samson Mow speaks at the German Bundestag telling MPs about #Bitcoin💰 adoption for nation states.