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Home ยป Evening Must-read: Bleak US Economic Data – What’s Next for the Cryptocurrency Market?
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Evening Must-read: Bleak US Economic Data – What’s Next for the Cryptocurrency Market?

By adminMay. 17, 2024No Comments2 Mins Read
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Evening Must-read: Bleak US Economic Data - What's Next for the Cryptocurrency Market?
Evening Must-read: Bleak US Economic Data - What's Next for the Cryptocurrency Market?
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1. Donald Trump Convicted on All 34 Counts: Comprehensive Analysis of the Impact
Donald Trump has been found guilty on all 34 counts of falsifying business records in the Manhattan criminal trial, becoming the first former president in U.S. history to be convicted. This injects an explosive and unpredictable new variable into the 2024 U.S. presidential election. Despite facing two impeachments and numerous other scandals, Trump still leads Biden in most opinion polls.
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2. Understanding the Four Major Repurchase Agreements: Who Will Ultimately Prevail?
EigenLayer’s recent “pledge decline” is not the industry frenzy many had anticipated. While some innovative design features have garnered praise, the overall sentiment seems to lean towards the negative. The initial non-transferability of EIGEN, VC-centered token distribution, and the lack of direct incentives for key DeFi protocols that drive significant participation in EigenLayer have left many feeling marginalized.
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3. USV: Why We Led the Investment in Farcaster Developer Tool Neynar
Neynar is a set of developer tools that make it easy for developers to build on social protocols like Farcaster. These tools include cloud hosting hubs, read-write APIs, authorization, data flows, hosted DBs, and more. They are ubiquitous in the Farcaster ecosystem, with almost every application using Neynar in some form.
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4. Coin Issuance Imminent: A Comprehensive Analysis of AO Technology Principles and Ecological Potential
The Arweave mainnet was launched on November 18, 2018, and has undergone 13 major upgrades in over five years, aiming to provide permanent decentralized storage services. However, when observing the changes in network data, we find that the aforementioned upgrades have not truly created a moat for Arweave.
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5. Bleak U.S. Economic Data: What Lies Ahead for the Crypto Market?
Macroeconomic contraction. Economic data continues to indicate further global economic contraction. How policymakers will respond and what impact their decisions will have on your investment portfolio remains to be seen.
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US Senate Approves GENIUS Stablecoin Legislation, Sending It to the House for Final Approval

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Key TakeawaysSenate passes the GENIUS stablecoin bill with bipartisan support, marking first major c…

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