Saturday, May 4, 2024
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America’s Quiet Default

While not as dramatic as the Nixon shock, the Biden sanction was just as genuine a default. U.S. Treasurys in the post-1971 era were the global risk-free asset, used by friends and enemies alike to reliably store value. Rug-pulling the Russians, even if warranted, introduced for the first time genuine

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Traders Rotate to Bitcoin Expecting a Quiet Q4 for Altcoins

Some digital asset traders say they’ve been rotating funds out of alternate cryptocurrencies (altcoins) into bitcoin (BTC) in anticipation of the leading cryptocurrency significantly outperforming the entire crypto market for at least the next several months. Kevin Zhou, co-founder of San Francisco-based Galois Capital, told CryptoX his firm is now bullish

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Chinese Bank Disables Digital Yuan After Quiet Open-Up Drew Attention CoinDesk –

A major bank quietly opened up a wallet service for China’s central bank digital currency to public users – but quickly disabled it after the feature gained widespread attention. Around noon on Saturday local time, users of China Construction Bank (CCB), one of the big-four state-owned commercial banks, started to notice that

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