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Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel
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The US government appears to be solely focused on strengthening public confidence in its banking system. The United States government has swung into immediate action with the BTFP fund following a series of bank collapses that has caused widespread fears of a potential banking crisis. To this end, the US Federal
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Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies—Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations—are “coalescing against the dollar.” Schectman believes that since 2022, de-dollarization “seems to be spinning much, much faster.” De-Dollarization and CBDCs:
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The Bitcoin price has currently stabilized strongly around the $17,000 mark. However, the price could face further headwinds in the coming days, as the VIX exposes. The VIX is a real-time volatility index from the Chicago Board Options Exchange (CBOE). It was created to quantify market expectations of volatility. In doing so,
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"Last month, ahead of the inflation data, traders bid weekly calls, pushing the seven-day call-put skew above the positive territory. However, that trade was a huge loser. As such, traders are staying away from such bets this time," Gregoire Magadini, CEO of options analytics platform Genesis Volatility, told CryptoX. Source
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Tezos seems to be heading south. As of this writing, XTZ trades at $1.61 following a 3.10% boost in price seen overnight. XTZ’s relative strength index and volume have declined and isn’t showing any signs of bullish movement. As of press time, XTZ movement ceases to be dubbed as an impulse
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“It appears to me that the longer it takes, the farther the industry tends to walk away from the SEC, and the harder it becomes to get the approval,” Lau told CryptoX. “The chance that it might take a very long time to get the spot ETFs approval, or it
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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money. Michael Burry’s Recession Warning Famous investor and founder of investment
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Bitcoin donations to Ukrainian NGOs and volunteer groups rose tenfold during 2021, the crypto analytics company said. Original Source
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This episode is sponsored by NYDIG.Download this episodeOn this edition of “The Breakdown Weekly Recap,” NLW covers:SEC Chair Gensler’s recent comments on crypto enforcementThe OCC concludes its crypto sprintWhy the crypto community is so concerned about Infrastructure Bill amendment 6050IThe vibe from NFT.NYCSee also: Market Wrap: Bitcoin Could Break Out
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