Fed nominee Warsh takes the reins as inflation hits 3-year high
View original at finance.yahoo.comFed nominee Warsh takes the reins as inflation hits 3-year high Scott Melker dives into Wall Street's biggest bank, JPMorgan, entering tokenization, Q1 earnings hit crypto like a freight train, Fed chair nominee Kevin Warsh walking into an inflation crisis on day one, and other big crypto headlines…
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The tokenized RWA market is still a drop in the bucket versus the global financial system but will go full hockey stick parabolic adoption very soon.
60% confidenceDollar-backed stablecoins are spreading globally and other countries need euro-backed or local currency stablecoins or the dollar will dominate.
60% confidenceRobinhood crypto revenue was down 50% in Q1 but was replaced by prediction market revenue, so Robinhood was actually up overall.
60% confidenceThe JPMorgan tokenized money market fund will likely be used by stablecoin issuers to outsource treasury management.
60% confidenceElizabeth Warren filed 40 of the 100+ amendments to the Clarity Act.
60% confidenceUS national debt is $39 trillion 237 billion and rising, approaching $40 trillion.
60% confidenceBitcoin will inevitably be trading at $126,000 in the coming months.
60% confidenceBlackRock announced two more tokenization funds on May 8th.
60% confidenceStablecoins are bad and a threat to the banking system.
60% confidenceCoinbase reported a 31% revenue decline and $394 million loss in Q1.
60% confidenceInflation is always a monetary phenomenon, created only by the government through money printing.
60% confidenceBlackRock's BUIDL fund is now at multiple billions of dollars in AUM.
60% confidenceTether made tens of billions of dollars last year by taking in money, buying Treasuries, and holding them until redemption.
60% confidencePrediction markets assign a 30% probability that the Fed will need to hike rates due to elevated inflation.
60% confidenceUS debt service has now reached $1.271 trillion, dwarfing military spending and every other budget line item.
60% confidencePPI came in running hot, with a 4.7% annual rise over the last five years.
60% confidenceThe tokenized RWA market is now at $30 billion total.
60% confidenceQ1 crypto earnings were bad because when Bitcoin prices are down, retail exits and crypto exchange volumes drop — not due to company-specific failures.
60% confidenceCumulative price increases in the US over the last five years: coffee +105%, ground beef +68%, fuel and oil +63%, auto insurance +58%, transportation +43%, dozen eggs +39%, restaurants +30%, family health insurance +27%, new car +20%.
60% confidenceElizabeth Warren has filed 338 bills in her Senate career and zero have passed.
60% confidenceCPI came in at a three-year high on Tuesday.
60% confidenceKevin Warsh is being installed by Trump to cut rates, but faces an impossible position with hot inflation and a 30% chance of required rate hikes.
60% confidenceeToro crypto revenue was down 38% to $2.15 billion, crypto trades down 50%, and commodities now represent 60% of eToro commissions.
60% confidenceStablecoins are eating the world and every entity on the planet is rushing to issue their own stablecoin.
60% confidenceJPMorgan has filed to launch a new tokenized money market fund, joining Morgan Stanley and BlackRock on similar announcements over the past few weeks.
60% confidenceRunning a stablecoin in a high interest rate environment is an insanely profitable business.
60% confidence
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| Coinbase Global · net income | -394 USD |
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