According to BlockBeats, data from the Federal Reserve Bank of New York shows that the Secured Overnight Financing Rate (SOFR) rose to 5.4% on July 3rd, matching the six-year high set on January 2nd. This rate represents the cost of banks borrowing cash overnight using U.S. Treasury bonds as collateral. The increase indicates a tightening of liquidity and restrictions on overnight borrowing, a market dynamic last seen in September 2019. Following this, the Federal Reserve injected liquidity into the repo market, where institutions borrow and lend funds short-term using U.S. Treasury bonds as collateral.David Brickell, an executive at Toronto-based crypto platform FRNT Financial, stated that this situation is a short-term concern for the market. There may be some financing pressure after the end of the second quarter. However, this reminds us of the surge in repo financing rates we experienced in 2019. We are beginning to see the pressure of excessive government debt and Treasury bond issuance. Ultimately, the Federal Reserve will need to end quantitative tightening or balance sheet contraction and restart liquidity injections similar to quantitative easing. Without the Federal Reserve's liquidity, the financial system cannot digest this level of debt. Ultimately, the Federal Reserve will quickly return to balance sheet expansion mode, acting as the last provider of liquidity.

Have you ever wondered what drives the massive spikes in cryptocurrency prices? Here's a visual journey through the epic crypto bull runs of 2012, 2016, 2020, and now.
As someone who's been in the crypto space for a decade, I've witnessed most of these monumental shifts firsthand. Each bull run has its unique triggers, but they all share a common thread: technological advancements, increasing adoption, and macroeconomic factors.
🚀In 2012, Bitcoin was still a niche experiment. The rise then was fueled by early adopters and a handful of tech enthusiasts.
🚀By 2016, we saw a more diverse crowd getting involved, driven by the promise of blockchain technology and the potential for financial inclusion.
🚀2020 was a game-changer. Institutional investors entered the scene, recognizing crypto as a hedge against economic uncertainty. This wave brought unprecedented levels of legitimacy and investment into the space.
🚀Now, we're on the cusp of another significant bull run. The signs are there: more regulatory clarity, widespread adoption of decentralized finance (DeFi), and continuous technological improvements.
#SOFR_Spike #write2earn #BinanceTournament #TradingStrategies💼💰

In my P2E and tap-to-earn gaming series, today I’ve come up with Cat Gold Miners where the cat's purrs are counted as purr-fectly adorable meeting purr-fectly profitable
Here, the players become tycoons of their own mining empires — where they rule the game. Yes, you!

THE BEST GAME EVA!

Build on TON with a play-to-earn gaming mechanism
$CATGM — THE HEART OF THE GAME
$CATGM is designed with a limited supply of tokens and a straightforward economic model. It was launched in a fair manner, with most of its initial supply being made available in a liquidity pool to support trading.
CATGM has officially been listed on the TON this month, marking a significant milestone in its journey. The project's liquidity was initially provided through the Land Auction, setting the stage for its current position.
Significantly, 80% of the proceeds from selling NFT Lands are paired with 80% of the total supply of CATGM.
This strategic alignment demonstrates a strong foundation for the token's value and utility.
CATGM plays a key role as the primary transactional token in the game, driving progression and serving as a medium for rewards. Players can earn CATGM by actively participating in the game and enhancing their mines, unlocking opportunities for growth and reward — much more is waiting for you guys!
The players will get the $CATGM tokens by upgrading their gold mines in the game.
ADVANCED GAMEPLAY & IN-GAME PURCHASES
You are going to get an epic gaming experience as you climb to higher levels and face exciting new gameplay challenges.

Every strategic decision you make will shape the destiny of your mining empire. But fear not, because their in-app purchase system offers a treasure trove of options to boost your mine's productivity, dominate the Leaderboard, and conquer the competition.

And that's not all! By grabbing the opportunity to purchase NFT Land, you'll unlock a world of possibilities. Become a Land Owner and establish your very own CLAN, reaping the benefits of:
- A share of 50% NFT Royalties for the first two months
- A share of 10% NFT Royalties after the first two months
- A 0.4% transaction fee from every $CATGM trade
- Imposing a 10% tax on $CATGM from players who visit your Land

Let's carve out the legacy in the mining world!

REFERRAL SYSTEM
An amazing referral and reward system is waiting for you — invite your friends and get CATGM as a reward

THE SOLAR SYSTEM

Check out this amazing Exclusive Referral Program! You can earn up to a 30% commission by inviting your friends to play the game.

It's like having your own Solar System of rewards!

And the best part?
This program is extra special and runs alongside the regular Referral Rewards, so you get even more benefits. When your friends make in-game purchases, you'll earn commissions in $CATGM and $TON. It's time to start reaping the rewards and enjoy the benefits with your friends!

CREATE CLUB

You can create an awesome club and score some amazing rewards? Here's how you can do it:

Step 1:

Invite the Cat Gold Miner bot to a public channel or chat

Step 2:

Set the Cat Gold Miner bot as an administrator and grant it all administrative permissions

Once you've done that, your club will be created successfully! And the best part is, any member of the Club can promote their club using in-app purchases.

But wait, there's more!
Players who purchase to boost the club will get all the referral points and solar system commission from newcomers during the boosted period. How cool is that?

And if you're a solo player, joining the club will get you the X2 booster permanently. But it gets even better – if you join the real-life Telegram Group of that Club, you'll also get another X2 booster permanently.

That's right, you can stack the double X2 boosters to make it X4 boosters permanently! 🔥

So, what are you waiting for? Get ready to create, boost, and dominate with your club!

Happy Mining ❤️‍🔥

#Biden_Out_BTC_Up #Bitcoin_Coneference_2024 #HamsterKombat #BinanceTurns7 #SOFR_Spike