Day: September 6, 2024

Ethereum Foundation to publish financial report amid community concerns.

Ethereum Foundation member Justin Drake said the organisation is likely to publish a financial report soon. According to him, it spends approximately $100 million per year. The foundation has a $650 million fiat stockpile as well as Ethereum, he noted. https://preview.redd.it/j2n3tn0re8nd1.png?width=700&format=png&auto=webp&s=2be4e540b9893bcd9609ae3e34946b9fe2bb579a submitted by /u/Lor1al [link] [comments]

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Is cryptocurrency popular in Japan? What kind of image does Japan have in the cryptocurrency world?

In the real world, almost no one around talks about cryptocurrency. Everyone already knows the words “cryptocurrency” and “Bitcoin.” However, when it comes to the word “Ethereum,” almost no one knows it. Therefore, there’s almost no one around who knows about the Bitcoin halving cycle or the talk of a possible upcoming bull run. I think the level of awareness is still low. However, in the web world, such as on X (formerly Twitter), there’s a lot of buzz about cryptocurrency. It seems that veterans with 5-10 years of investment experience are gaining popularity. The topic of Airdrops has settled down for now, and there seems to be a lot of anticipation for the next bull run. Even for Japanese people, the results of the US employment statistics and the FOMC are important events that are closely watched. https://preview.redd.it/t8c4b4xnf8nd1.png?width=512&format=png&auto=webp&s=3f4352e8aeecd73d478bac40e0aa17a33f512a7a One of the reasons why many people in Japan are not interested in cryptocurrency is that Japan has a relatively large population of middle-aged and elderly people. There are few young people with high internet literacy, and even if there are, there is little communication across generations, so it doesn’t spread to the majority. Furthermore, even if people are interested in cryptocurrency itself, many feel that the hurdles to participate are high. These hurdles include opening an exchange account, researching specific cryptocurrencies, and creating surplus funds to purchase cryptocurrency. Also, particularly important is the high tax on cryptocurrency in Japan. In an environment where up to 55% of profits can be taxed, few people feel like they want to start. submitted by /u/Lor1al [link] [comments]

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AI start-ups remain confident, even as enthusiasm for publicly listed stocks declines. Volatility is shaping up to be the new norm in the sector’s public market performance.

Is the AI bubble bursting, or just beginning? Nvidia lost almost half a trillion dollars in market value in just four days after its latest earnings report, even though it surpassed expectations. Big players like Apple, Microsoft, Alphabet, Amazon, and Meta, which have led the stock market since the AI boom, have seen a collective loss of $1.8 trillion in the past two months. With mixed economic signals and a shift towards other sectors, AI hype is no longer enough to drive the market. Character.AI and Inflection, once valued at billions, have been absorbed by Google and Microsoft. Wall Street is feeling AI fatigue, but with top venture capitalists backing Safe Superintelligence, there’s still room for more AI excitement. submitted by /u/Ankle_be [link] [comments]

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US Labour Market (Aug) – Avg Hourly Earnings

MoM: 0.4% vs. 0.3% exp. (prior 0.2%) YoY: 3.8% vs. 3.7% exp. (prior 3.6%) The unemployment rate falling to 4.2% was some decent news here. It’s unlikely that this particular jobs report will sway the Fed’s decision strongly. submitted by /u/XGramatik [link] [comments]

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WSJ: Testosterone Clinics Sell Virility. Some Men End Up With Infertility. Promoters in the booming steroid business tout a boost in the gym and the bedroom, but few talk about the possible side effects

Former presidential candidate Robert F. Kennedy Jr., the 70-year-old posted a video of himself showing off an impressive physique. Elon Musk pushed a step further last week, retweeting a post that said “low T men” can’t think for themselves, and “high T alpha males” are the best decision makers for a democracy. Motivational speaker Tony Robbins invested in a telehealth testosterone prescriber and promotes the steroid on Instagram. The Vitamin Shoppe, a national retail chain, announced Tuesday that its telehealth service will offer testosterone prescriptions. Men generally pay anywhere from $1200 to $2600 a year for testosterone treatment, which is touted in online ads as a means to better performance in the gym and the bedroom. Some men swear by the treatment. Others suffer its side effects. Advertising for testosterone rarely mentions the risk of male breast enlargement, shrunken testicles, blood clots and infertility. submitted by /u/Ankle_be [link] [comments]

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