U.S. Egg Prices Soar: Will the Fed's Fight Against Inflation Be Ruined by an 'Egg'?
As egg prices soar, American consumers are feeling the pressure of rising prices in supermarkets and restaurants, which could thwart the Fed's plans not to raise interest rates.
Although the Fed has reduced inflation from a peak of 7.2% to 2.5%, recent data shows that inflation remains stubborn, particularly with price increases in everyday goods like eggs, which could raise inflation expectations and complicate the Fed's policy adjustments.
Over the past year, the Fed has lowered the benchmark interest rate by 100 basis points, and officials still believe inflation is on a slow downward trend. However, recent economic data suggests that inflation remains stubborn, and the Fed faces challenges in bringing inflation down to the 2% target in the 'final mile.'
Regardless of which stablecoin it is, one thing is certain: a wide variety of stablecoins will be on-chain.
狂人叨逼叨
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RWA: The Next Big Opportunity for Cryptocurrency? Compliance is the Only Way Out!
Recently, the topic of RWA (Real World Assets) has been particularly hot, but to be honest, there are very few assets that can truly represent RWA, which is a bit disappointing. Especially assets like U.S. Treasuries, which are top-tier AA+ bonds, surprisingly, there are still no products that can truly land.
Think about it, U.S. Treasuries in a country like the United States, where currency is free, have already been sold almost out, not far from saturation. And the U.S. debt ceiling keeps rising, so how can they expand the market? It’s simple, just bring in those who can't buy U.S. Treasuries due to currency controls! This is a super large incremental cake!
And a big chunk of this cake might be taken by RWA and cryptocurrency. What’s the foundation for playing RWA? I mentioned before, it relies on the “hard redemption” of stablecoins. What does that mean? It means stablecoins need solid backing from banks.
So, have you noticed that ever since the SEC abolished the SAB121 regulation, banks immediately jumped up to say they can custody cryptocurrencies? The big play behind this is that stablecoins want to “rise to power”! The Federal Reserve is also anxious and is urging to improve the rules for stablecoins. Major players like BlackRock and Fidelity are also starting to quietly lay out RWA, focusing on using U.S. Treasuries and high-quality corporate bonds as the “foundation”.
Ultimately, if RWA wants to thrive, the core is compliance. Only with compliance can it attract large funds. Don’t mess around with those “gimmicks” of putting real estate, cars, second-hand goods, jewelry, and artworks on the blockchain; those are not serious paths. True RWA should pave the way for hundreds of billions of dollars in funds!
In my view, RWA is the “chosen one” of DeFi 2.0, the “golden bridge” that allows stablecoins to directly purchase real assets. However, the stablecoins here are not necessarily USDC, and even less likely to be USDT.
Finally, let me say something “not so polite”: Without compliance, RWA doesn’t even deserve to be called RWA. Those RWAs that are not based on compliant assets won't get far, let alone carry the banner of Wall Street and U.S. Treasuries!
Is it disgusting to send these every day? Good retail data, no interest rate cuts in inflation, a sharp drop; poor retail data, bad economy, a sharp drop. Can you bring some different information to this circle?
唐华斑竹
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US retail sales data fell sharply, and the crypto market is facing risk games
On February 14, 2024, data released by the U.S. Department of Commerce showed that retail sales fell 0.9% month-on-month in January, far below the market's expectation of a 0.1% decline, marking the largest drop since January 2024. This data not only triggered market concerns about the strength of the U.S. economic recovery, but also had a chain reaction on global financial markets. As an asset class that has received much attention in recent years, the cryptocurrency market has shown a complex performance against this background. This article will explore the potential impact of the sharp decline in US retail sales data on the crypto market from multiple dimensions, including the macroeconomic background, the safe-haven properties of the crypto market, the game of risky assets, and changes in the regulatory environment.
So when the prices go up, everyone praises the streamer, but when they go down, don't ask questions, after all, the streamer is also human and can make mistakes.
Nuts坚果
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Ignore the selling pressure and force the market to pull up! At this moment, $LAYER is a good opportunity to buy!
Every day, people say that if the market plummets, buy BNB. BNB Holder's Afternoon Tea $LAYER is here again~ https://www.binance.com/zh-CN/bnb Hold BNB and follow the broker to make money!
This new afternoon tea Solayer ($LAYER) performed strongly and brilliantly. In the context of everyone complaining that "new coins are empty", the price has fallen back to the small support level after the opening. As the only visible support on the chart, the key price of 0.85 is very strong, and there are two bottoming price behavior reactions at a small level~
Let me introduce you to this Solayer ($LAYER), the official website link is here~ https://solayer.org/ In short, it is a governance token of a re-staking protocol on the sol chain. Its function is to make more money by staking. It was just listed on Binance on February 11.
The coins that dare to go up under pressure when the market sentiment is bad are probably not cowards. The coins that dared to go up in the bear market before are vivid examples. They are not afraid of emotions and look down on the market. It’s a pity that the market sentiment is bad. Everyone has the inertia to think and go short. They have returned empty-handed in the rise of $LAYER. Now it seems that $LAYER may be the compass before the launch. Similarly, compared with other vc coins, the market value of $LAYER is obviously low. Even if the market is crying like a bear now, its valuation growth space is still very large~ Just wait for the east wind to rise!
Emotional aspect, technical aspect, valuation aspect are almost the same #layer $LAYER
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I just want to ask you whether you are accurate or not. When all the KOLs tell you to short when the CPI data comes out, I---sent 1.2 million messages telling you to sell your houses at the bottom. Isn’t that impressive? I am the legendary master of perpetual profit.
A cryptocurrency friend made money by shorting to get back on track. I believe the highest realm in the crypto world is being able to profit consistently from shorting in the long term. I do not recommend everyone to short: Although shorting is similar to going long, if Bitcoin is at $100,000, and you short with 1x leverage, you would be liquidated at $110,000, and if it drops to $10,000, you would earn $90,000. If Bitcoin is at $10,000 and you go long with 1x leverage, if it rises to $100,000, you would also earn $90,000. Why do I not recommend shorting? Shorting keeps your heart in suspense, you can't find peace every day because going long has a bottom, it feels grounded, while shorting is like floating in space, not knowing where the boundaries of the universe are, and your heart always feels empty. I have watched Bitcoin rise from 100 RMB to $100,000. I used to short when it was at $10,000, but it rose to $69,000, and 70,000 RMB rose to over 500,000 RMB. I believe everyone can relate to what kind of mood that was at the time?
The data analysis regarding the community for $AI16Z is just my professional interpretation as a staff member of a quantitative institution. I won’t shout out about the fact that there are whales buying in large amounts; what I say doesn’t need to be spread everywhere. If the coin dealer cashes out after a month, I will also come out and say it. Just don’t blame me later for being a 'short seller who blew you up'.
Don't short ETH before the market reacts. The biggest beneficiaries of the upgrade of Ethereum account abstraction are the stablecoin sector and the stablecoin payment field.
It is very likely to be the key to push the stablecoin market size to 1 trillion US dollars. The upgrade of the interaction layer may become the key to breaking through the current bottleneck of the market.
When USDT, USDC and other stablecoins are used as Ethereum fuel fees, it also means that the POS public chain has entered the 2.0 era.
This is just a point of view, not an investment advice. It is strange that no one has discussed the transformation of the cryptocurrency interaction layer, which is a pity😞
I don't understand. What's the point of being ripped off by Sol's MEME and then CZ's MEME? The cryptocurrency world is not getting worse, but there are still many leeks#币安Alpha上新 $BTC
Big changes may be happening in the United States. There have been rumors that Trump wants to take control of the Federal Reserve, transitioning from aggressive interest rate cuts to being inconsequential. They may have found a way to influence the Federal Reserve. Powell mentioned after the last interest rate meeting that if possible, digital currency trading could be moved to banks. I estimate he has realized that the crypto faction represented by Trump is undermining the established aristocracy. Many drafts and ideas have been released during this phase, including how the United States envisions regulating the issuance of new coins, how to bring DEFI under regulation, and proposals for US dollar stablecoins. The next step should be in the payment sector.
刘多鱼
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Bullish
Let's talk about some predictable things
1. The heavy blow of domestic supervision, currently receiving various news, it seems impossible to avoid (it is recommended to put large funds in cold wallets, no one knows which will come first, tomorrow or an accident)
2. Stablecoins continue to rise to 1 trillion US dollars, and there is still room for five times.
3. Ethereum Pectra upgrade account abstraction brings about a comprehensive improvement in the application layer of cryptocurrency wallets, the upper limit of pledge is increased, and the top L2 will show potential.
4. Ethereum ETF pledge
5. The US sovereign fund invests in a basket of cryptocurrencies BTC, ETH, Sol, etc.
The future of cryptocurrency is very bright all day long, and the only thing that cannot be calculated is when the first one will be implemented and how it will be implemented. The Pectra upgrade is very critical to the entire crypto ecosystem. At present, no one seems to realize that the application layer of cryptocurrency will be upgraded from Pectra.
Ethereum RWA dream shattered? Ondo chain seals the deal.
It never rains but it pours! When many people were counting on RWA to save the recent Ethereum liquidity crisis, the emergence of Ondo chain undoubtedly closed this door. #ONDO#RWA#ETH For more information about the Ondo project and RWA, you can refer to my previous articles on the homepage After Ondo Global Market, the project announced the arrival of Ondo chain two days later.
Ondo chain is an L1 chain designed specifically for institutional RWA and is a full Omnichain chain. Omnichain, in simple terms, is interoperable with other large public chain assets. If Ethereum, Solana, Sui, etc. are compared to large cities, then Omnichain can be understood as the roads and sewers between cities.
I especially like to watch the comments of the idiots in the square. If you look at the inflation in the United States, look at eggs. Ask your stupid relatives in the United States if they have chicken plague. If you look at the inflation in China during the COVID-19 pandemic, you should look at the price of masks and alcohol. $BTC #非农就业数据来袭
This unpredictable Trump has released the second wave of tariffs today: next week, he will announce reciprocal tariffs on several countries. Meanwhile, next Wednesday, the CPI data will be released, and inflation will be a key indicator for whether interest rates will be cut this year!
Recently, I made a call to my aunt: my aunt said that the American chain supermarket Ralphs has raised the price of a dozen eggs to $9-10 per box, while before the pandemic it was only $2. I checked the average egg price in the United States, and I was shocked to find out that the price of eggs has increased more than our cryptocurrency speculation! I can’t stay in the crypto circle anymore; should we form a group to raise chickens in the U.S.? Just kidding.
Although the price of crude oil has decreased recently, the cost of rent remains very high. In San Francisco, landlords are checking pay stubs before renting to you; if your salary is not more than twice the rent, they won’t rent to you. How absurd! Next Wednesday is a bit precarious!