U.S. SENATE APPROVES BILL TO END GOVERNMENT SHUTDOWN, SENDING IT TO HOUSE
(@WalterBloomberg)
(@WalterBloomberg)
i remember seeing an anon posting the valuation on ct last month, seems like it’s accurate
History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where:
1) The empire can no longer borrow the money to repay its debts
2) It prints a lot of new money, which devalues the currency and raises inflation
3) Living standards decline, leading to the rise of political extremism
4) Turbulent economic conditions undermine productivity and there is conflict about how to divide the shrinking resources
5) Populist leaders emerge pledging to take control and bring about order
https://x.com/raydalio/status/1987999761748877572?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
1) The empire can no longer borrow the money to repay its debts
2) It prints a lot of new money, which devalues the currency and raises inflation
3) Living standards decline, leading to the rise of political extremism
4) Turbulent economic conditions undermine productivity and there is conflict about how to divide the shrinking resources
5) Populist leaders emerge pledging to take control and bring about order
https://x.com/raydalio/status/1987999761748877572?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
X (formerly Twitter)
Ray Dalio (@RayDalio) on X
History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where:
1) The empire can no longer borrow the money to repay its debts
2) It prints a lot of new money, which devalues the currency and raises…
1) The empire can no longer borrow the money to repay its debts
2) It prints a lot of new money, which devalues the currency and raises…
On the Empire podcast, Phantom Wallet CEO Brandon Millman said the company has no plans to launch its own blockchain or pursue an IPO, focusing instead on the Solana ecosystem and user-facing products. While Phantom has IPO potential, he said the company prefers to expand through private funding backed by investors like a16z, Paradigm, and Sequoia. — link
YouTube
Phantom CEO: The Next Chapter For Phantom | Brandon Millman & Donnie Dinch
This week Brandon Millman & Donnie Dinch join the show to discuss the past, present & future of Phantom. We deep dive into why did Brandon originally build Phantom, recent M&A activity, building perps, how does Phantom generate revenue, will Phantom IPO &…
Polymarket quietly relaunches US trading platform in beta mode: Bloomberg — link | AI comment
The Block
Polymarket quietly relaunches US trading platform in beta mode: Bloomberg
This marks a milestone for Polymarket, which left the US due to an enforcement case with the Commodity Futures Trading Commission.
We’ve finally lost 100k. This is significant for 2 main reasons.
1. This was the last stand for HTF bulls to call the bull market structure intact. The 50W trendline has now officially been broken for the first time since the cycle started in 2022.
2. 100k is a very psychological level. After being defended 3/4 times and finally giving way, it will now be seen as resistance.
I have no interest bidding this dip given what I’ve said above, and will look for low 90s as the first area of interest.
Preservation mode time again.
1. This was the last stand for HTF bulls to call the bull market structure intact. The 50W trendline has now officially been broken for the first time since the cycle started in 2022.
2. 100k is a very psychological level. After being defended 3/4 times and finally giving way, it will now be seen as resistance.
I have no interest bidding this dip given what I’ve said above, and will look for low 90s as the first area of interest.
Preservation mode time again.