The famous Shiba Inu dog named Kabosu, who became the symbol of the Doge meme and the Dogecoin cryptocurrency, has died in Japan.
In the early 2010s, her photo went viral on the Internet and became a popular meme. In 2013, a developer named Jackson Palmer used it as a logo for the Dogecoin cryptocurrency.
Palmer later abandoned the coin, giving it to the crypto community. Dogecoin is now in the top 10 largest cryptocurrencies with a capitalization of more than $23 billion.
In the early 2010s, her photo went viral on the Internet and became a popular meme. In 2013, a developer named Jackson Palmer used it as a logo for the Dogecoin cryptocurrency.
Palmer later abandoned the coin, giving it to the crypto community. Dogecoin is now in the top 10 largest cryptocurrencies with a capitalization of more than $23 billion.
#weekendresults
Rollercoaster in the markets, Ripple's victory and the Japanese lifeline - we sum up the week.
💸 Cryptocurrencies
📍 BTC started the week with a drop below $45k, but is now closing it with a 4% increase above $60k.
Over the past 30 days, hodlers have accumulated 404,448 BTC. During the fall on Monday, whales continued to accumulate, using the opportunity 🐳
📍 OKX crypto exchange CEO warned users about blocking accounts for working with sanctioned services Garantex and Tornado.
While this is considered a local problem for crypto investors from the Russian Federation, soon all international exchanges will increasingly begin to check the blacklists from Washington ⚠️
📍 The court fined Ripple only $125 million instead of the $2 billion requested by the SEC. The company called it a victory for the entire crypto industry.
Why XRP is not yet at $1, but better at $2: formally, the trial has not yet ended, the SEC has the opportunity to appeal, all the good news has long been in demand 🤑
💵 Finance
📍 The worst and best days for the S&P 500 since the coronavirus crisis fell in one week. On Monday, they fell on the threat of a recession in the United States, on Thursday they grew on its cancellation.
Meanwhile, JPMorgan quietly raised the probability of a US recession before the end of the year from 25% to 35% 😇
📍 Japan paused rate hikes while markets are at risk of collapsing.
Carry traders were given time to close positions so they wouldn’t have to sell stocks and other assets in search of liquidity 💸
📍 The Fed resisted calls for an emergency meeting to cut rates because it didn’t want to create more panic.
But monetary policy definitely needs to be eased, and one option would be to stop quantitative tightening before the end of the year 🤬
Rollercoaster in the markets, Ripple's victory and the Japanese lifeline - we sum up the week.
💸 Cryptocurrencies
📍 BTC started the week with a drop below $45k, but is now closing it with a 4% increase above $60k.
Over the past 30 days, hodlers have accumulated 404,448 BTC. During the fall on Monday, whales continued to accumulate, using the opportunity 🐳
📍 OKX crypto exchange CEO warned users about blocking accounts for working with sanctioned services Garantex and Tornado.
While this is considered a local problem for crypto investors from the Russian Federation, soon all international exchanges will increasingly begin to check the blacklists from Washington ⚠️
📍 The court fined Ripple only $125 million instead of the $2 billion requested by the SEC. The company called it a victory for the entire crypto industry.
Why XRP is not yet at $1, but better at $2: formally, the trial has not yet ended, the SEC has the opportunity to appeal, all the good news has long been in demand 🤑
💵 Finance
📍 The worst and best days for the S&P 500 since the coronavirus crisis fell in one week. On Monday, they fell on the threat of a recession in the United States, on Thursday they grew on its cancellation.
Meanwhile, JPMorgan quietly raised the probability of a US recession before the end of the year from 25% to 35% 😇
📍 Japan paused rate hikes while markets are at risk of collapsing.
Carry traders were given time to close positions so they wouldn’t have to sell stocks and other assets in search of liquidity 💸
📍 The Fed resisted calls for an emergency meeting to cut rates because it didn’t want to create more panic.
But monetary policy definitely needs to be eased, and one option would be to stop quantitative tightening before the end of the year 🤬
The Week Ahead: Aug
Macro:
> Elon Musk and Trump X Spaces on 12 [8PM ET]
> U.S. CPI on 14
> Japan GDP (Q2) on 14 [23:50]
> Israel Braces for Attack From Iran
China Earnings:
> Tencent on 14
> Alibaba on 15
Crypto:
> MakerDAO's Tokenization Grand Prix starts Aug 12. BlackRock’s BUIDL likely to participate.
> Ethena to propose SOL as backing asset for USDe this week.
> Grass final Epoch 7 ends on 14.
Unlocks:
> $SAND 9% [$52.8M] on 14
> $STRK 3.9% [$23.8M] on 15
> $ARB 2.8% [$52.3M] on 16
Earnings/Charts/Articles 🔻
Macro:
> Elon Musk and Trump X Spaces on 12 [8PM ET]
> U.S. CPI on 14
> Japan GDP (Q2) on 14 [23:50]
> Israel Braces for Attack From Iran
China Earnings:
> Tencent on 14
> Alibaba on 15
Crypto:
> MakerDAO's Tokenization Grand Prix starts Aug 12. BlackRock’s BUIDL likely to participate.
> Ethena to propose SOL as backing asset for USDe this week.
> Grass final Epoch 7 ends on 14.
Unlocks:
> $SAND 9% [$52.8M] on 14
> $STRK 3.9% [$23.8M] on 15
> $ARB 2.8% [$52.3M] on 16
Earnings/Charts/Articles 🔻