The Daily LEO #302 The Real Inflation Number, ETH New Record

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Inflation Fell To 4% In May—Lowest Reading In More Than Two Years

A new measure of inflation created last week by SMR Research Group, a New Jersey-based market research company, takes the government’s CPI data and makes a revision to how housing costs are calculated.

By their reckoning, the real inflation rate is much closer to the...

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Durable-goods orders climb for third month in a row

The numbers: Orders for manufactured U.S. goods jumped 1.7% in May and rose fore the third month in a row, boosted by strong demand for passenger planes and new autos. Business investment also rose.

The recent increase in orders might be a sign that manufacturers have found...

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JPMorgan Chase execs worried about the bank's ties to Jeffrey Epstein

The Highbridge deal earned Epstein fees of $15 million for advising the fund, The Wall Street Journal would later reveal. It also solidified Epstein's relationship with Jes Staley, the head of JPMorgan's private banking business, who would be Epstein's principal contact at the bank until he was finally cut loose in...

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‘DeFi Breaks Out As AAVE, Compound (COMP), Kava and More Outperform Bitcoin (BTC)

A slew of decentralized finance (DeFi) projects skyrocketed this past week, outperforming Bitcoin’s (BTC) already-bullish price action.

Bitcoin, by contrast, is up by over 13% in the past week. The top crypto asset by market cap is trading at $30,449 at time of writing.

Despite the strong week for numerous DeFi projects, some crypto analysts remain bearish on...

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Cathie Wood’s ARK reportedly ‘first in line’ for a spot Bitcoin ETF

In mid-June, the investment firm BlackRock filed an application for a spot Bitcoin ETF, triggering notable optimism in cryptocurrency markets.

Several reports suggested that BlackRock could become the first issuer of a spot Bitcoin ETF in the United States should it receive approval, but that might not be the case, according to some executives and analysts.
“Other applicants will be able to amend their filings with similar agreements at little cost,”

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Staked ETH surpasses exchange balances with 19% of supply locked

As of June 26, 2023, 23.36 million ETH worth nearly $44 billion, which represents 19.4% of the current supply, was staked, according to Nansen data. Comparatively, Ethereum held by centralized exchanges fell short at 23.35 million ETH yesterday, per Nansen.

However, it is worth noting that Beacon Chain data suggests there are only 20.3 million ETH staked currently, raising questions about the discrepancy between Nansen and Beacon Chain data.

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Explosive Growth Alert: LEO Breaks Records and Targets the Moon!
Prepare to be amazed as we reveal the staggering numbers: monthly active users have skyrocketed to an unprecedented 1,030, shattering all previous records. And guess what? We still have 15 days left in the month to add even more users! We're on track to reach a mind-boggling 1,500 monthly active users, defying all expectations.

But that's not all—our community...

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_{This edition of The Daily Leo was published by @bitcoinflood on Leo Finance, read the original article here}

Posted Using LeoFinance Alpha

Posted Using LeoFinance Alpha