@d12321
We decided to improve the format of the final weekly column and now it will be one post, in which we will analyze the top 3 events in the world of cryptocurrencies and finance. Who got the new format - 🐳 💎 Cryptocurrencies 1️⃣ The SEC has delayed its decision on ARK Invest's spot bitcoin ETF application, which was fully expected and this was perfectly shown by the almost zero reaction from BTC. Applications from BlackRock and other companies are likely to meet the same fate, although individuals are trying to disperse the hype about a possible early approval. Almost objectively, Michael Novogratz is looking at the situation, who is waiting for the approval of the ETF from BlackRock in about six months. But there may be more, because the SEC has such an opportunity to delay the decision for almost a year, and at first they will try to take full control of the crypto market. And only then to announce native 🤑 2️⃣ PayPal has launched a dollar-pegged PYUSD stablecoin on the ETH network. In his code, they very quickly found the wallet freezing function, which USDT and USDC also have, otherwise they would have been closed long ago. Banks promise success to the new stablecoin, and the Fed even obliged them to obtain a license to work with such assets. There is a lot of attention to PYUSD, but so far this was only enough to distract everyone from USDT, and how Changpeng Zhao is trying to swing it with the support of Justin Sun 👀 3️⃣ The SEC has launched an appeal process against the court decision in the case against Ripple. Without further ado, Gensler won't let go of XRP just like that, so we just collect more popcorn 🍿 🪙 Financial news 1️⃣ Inflation in the US rose from 3% to 3.2% in July. The Fed regularly warned about something like this, so the market was ready and corrected only slightly. The Fed is known to lie about a soft landing before every recession, but so far they are believed. This "for now" may end in September when the inflation data comes in and if it shows a new growth trend 😬 2️⃣ The ruble is one step away from 100 for $1, but the Central Bank of the Russian Federation does not see this as a problem. The weak ruble is really not a problem for the Central Bank and a great joy for the Ministry of Finance and its deficit budget. But still, they will make some attempts to put on the brakes in order to preserve the image of the authorities, for example, the Central Bank will stop buying foreign currency under the budget rule from August 10 until the end of the year. In a good way, it would be possible to strengthen the ruble - by killing the demand for the currency, that is, again introducing draconian restrictions on the withdrawal of capital from the country. But the Central Bank and the Ministry of Finance will not play against their own, it’s better for the media to once again talk about the growth of the economy in spite of the sanctions 😁 3️⃣ China recorded deflation for the first time in 2 years. And in general, the economy of the Celestial Empire is based on closed statistics and the iron word of Xi Jinping, and only echoes of real financial problems reach us. And who, one asks, will now save the world from recession if the Fed still breaks the US economy? Definitely not China, but no one else... 😳 results of the week
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