Decentraland
$MANA
4 Results
CFTC Wins Lawsuit Against Ooki DAO, Solana Foundation and Polygon Labs Argues Against Securities Classification
Equity markets edged higher ahead of a key week where investors await key inflation data and the Federal Reserve's interest rate decision. May's CPI data comes out tomorrow, while the next FOMC meeting is on Wednesday. SPX and QQQ are trading 0.2% and 0.5% higher than Friday's close, while NDAQ is down ~11% after announcing a $10.5b acquisition of Adenza, a software provider for banks and brokerages in a cash-and-stock deal....
SEC EMPTIES THE CHAMBER It’s only Wednesday, but the SEC has pulled out the big guns. Conveniently following the release of a rather comprehensive crypto oversight bill by the House Financial Services Committee on Friday, the SEC dropped their mightiest hammer to date on the crypto industry. On Monday, the SEC took legal action against Binance, accusing the exchange of offering unregistered securities to the public. The SEC's lawsuit alleged...
Traditional markets opened higher despite the headline risk of more layoffs within the tech sector. Google parent company Alphabet announced 12k layoffs, joining Amazon (18k), Microsoft (10k) and Meta (11k). Reflecting the market's confidence in leaner tech's lower OPEX, SPX, QQQ and NDAQ are trading 0.8%, 1.5%, and 0.3% higher than yesterday's close. Digital asset markets are also continuing their leg up after perceiving Bitzlato's money-laundering charges as a no-event on Wednesday...
FIGURE: A TEAM OF PEPES CONCOCTING THE PERFECT TOKENOMICS Tokenomics (a portmanteau for token and economics) represents the monetary policy of tokens that directly contributes to their price fluctuations. In bull markets, tokenomics were given utmost priority, sometimes constituting full theses for investment decisions. When the euphoria wears off in the bear, however, founders and market participants are left realizing that tokenomics can delay a weak project’s demise, but cannot...
