The Fed Rocks the Boat. Blackrock muscles in to Defi and NFTs ask the market…what the Funko? This is your nightly crypto news wrap-up. Let’s get it.
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If the economy is an airplane is in flight, then it must be ConAir. Jerome Powell and the unelected oligarchs at the Federal Reserve are marching ahead with their hawkish stance on controlling inflation but stopped short of a full 100 basis point rate hike even though inflation is getting more stressed out than Chris Pine at a presser for Don’t Worry Darling. The markets took a dive on the news but it looks like there won’t be any relief for the real estate market that was already teetering on a cliff. With liquidity running out, expect the price of bitcoin to follow the stock market like it has been for the past year.
Speaking of stocks and charts. Let’s throw it over to Frankie Candles for a market update.
Thanks Frank. Don’t forget that you can trade like Frank by using Phemex. We have an exclusive deal for Bitsquad members that you can ONLY get by clicking the link below.
Like Smaug sitting on his golden horde; Larry Fink and the Lizard People at Blackrock won’t standby while the little people are making money. Last month they announced their intention to offer cryptocurrencies to their institutional clients in addition to Depository Trust & Clearing Corp which processes virtually all US stock trades says it’s going to be making it’s own blockchain to speed up the settlement of trades. This is big news and is setting the stage for Tradfi to jump into Defi as soon as regulators clear a few hurdles. That’s when a pod of whales will spill into crypto, sending prices and liquidity through the roof. When will that happen? Stay tuned to Bitboy crypto to stay in the know.
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One of the biggest pieces of pop culture, the Funko Pop Doll is partnering with DC comics for an NFT release of a new phygital product that covers the DC comic book The Brave and the Bold. Minting on the WAX blockchain the NFTs will offer comics books of the series as well as the FunkoPop doll based in the Batman universe. This isn’t Funkos first time doing NFTs. Last year they did a Teenage Mutant Ninja Turtles phygital NFT that was a resounding success. Expect the new FunkoPops to be available at Walmart starting October 7th.
Comment below with your favorite crypto project we should cover. That’s all I got. Be blessed. JChains out.