Day: June 14, 2024

Most Talkable Assets Of The Week

🚀 TSLA – Elon Musk wins Tesla shareholder battle to keep his record-breaking pay of $56B 👀 SMCI – The high-performance server specialist’s stock is now up more than 200% year to date 💊LGVN – Looks like the company will be able to help parents desperate for a treatment of Hypoplastic Left Heart Syndrome ⬆️ S&P500 – 5400 level is broken and this is without Magnificent Seven, just with the Magnificent One… 🥇GOLD vs 💰BTC – which wins the inflation hedge race? Quote of the week: ‘As long as you are measuring value in fiat currency (dollars, yen, euros), you are food.’ – X user Invester_y7 Is there anything missing? Anyway, have a great weekend everybody. submitted by /u/FXgram_ [link] [comments]

USD-backed stablecoin continues to dominate the crypto market.

Nearly 90% of all crypto transactions are executed using USD-backed stablecoins relative to the USD. Their average weekly volume in 2024 was $270bn which is 70 times higher than their EU counterparts. In contrast, just 1.1% of all transactions are done using Euro-backed stablecoins. However, it is notable that this share has increased from near zero in 2020 and is currently at an all-time high. https://preview.redd.it/dozy7qaksi6d1.png?width=1280&format=png&auto=webp&s=ff3afc97e954aafc9e947e09534eb8597456a670 submitted by /u/Lor1al [link] [comments]