Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now ! 🔥
Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now ! 🔥
Plus: GameStop is now a Bitcoin maxi |
GM. We picked through the orchard of nonsense so you don’t have to. Here’s what’s ripe - and what’s rotting. |
🍍 Market flavor today | ||||||||||||||||||||||||||||||||||||||||
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The FOMC minutes came out yesterday. These are the detailed notes from the Fed’s latest policy meeting - in this case, from May 6 - 7, when they decided to leave interest rates unchanged at 4.25% - 4.50%. Traders dig into these notes to look for hints about what the Fed’s planning next - specifically, whether a rate cut is on the horizon. (Because lower rates = bullish for crypto.) So…are we getting one? Hate to break it to ya, but it doesn't look like it. According to the minutes, Fed officials are worried about two things getting worse at the same time: inflation and unemployment. That puts them in a tough spot:
A no-win scenario. So, they agreed that the safest thing to do now is to be cautious. Translation: the Fed will probably keep rates the same when they meet again on June 17 - 18. And yeah, the markets aren't thrilled about that. On a more positive note, though, Nvidia’s Q1 earnings also came out yesterday - and they crushed it. Revenue and profits were both better than expected. While that’s not directly tied to crypto, it still matters. Big wins in the tech sector tend to improve overall investor confidence. And when the mood’s good, major cryptos often ride that wave too. Plus, it’s another W for AI, which feeds into the crypto + AI narrative. |
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🥝 Memecoin harvest | ||||||||||||||||||||
Gains so loud even your ex noticed 📢 | ||||||||||||||||||||
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Check out these memecoins and plenty more here. |
🍋 News drops | |||||||||
While you were busy touching grass, here’s what went down in the world: 🧊 Libra bags on ice Circle froze two Solana wallets holding $58M in USDC, all tied to the team behind the Libra memecoin. The freeze came after a US court gave the approval - and Argentina’s justice ministry was on board too. 🌐 Opera’s Neon browser is basically your AI intern Opera dropped a new browser called Neon - and it doesn’t just browse. With its AI-powered “Make” tool, you can build apps, games, and websites from a simple prompt (no coding required). 🐕 Elon Musk clocks out of DOGE duty Elon Musk is officially out at DOGE, the government’s budget-cutting squad, as his 130-day term ends May 30. He called the whole thing an “uphill battle”, especially after Republicans passed a tax bill that, according to him, made the deficit worse. DOGE claims it saved $175 billion, but critics say the math is... optimistic at best. 🎮 GameStop goes full crypto mode GameStop confirmed it bought 4,710 BTC. It’s the first real step after announcing their Bitcoin goals back in March.
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🍌 Juicy memes |
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