If Japan wants to slow its FX devaluation, they could raise rates. However, that would greatly increase their deficit, which the BOJ would have to monetize, and thus accelerate money supply growth.

Or they could sell U.S. Treasuries, of which they are the largest foreign holder.

The second leg of inflation has arrived, and Powell is in quite the conundrum:

- Raise rates further: Soaring $1.1T interest expense compounds, debt spiral accelerates.
- Hold, hope inflation cools: Interest expense as % of GDP at 25y highs & growing at 5.25%.
- Cut into an…

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Call me crazy, but I truly believe crypto is on the front line of the war for individual liberty in the digital age.

So many rights are at stake: free speech, association, financial privacy, property ownership, on and on.

I'm grateful each day to fight alongside all of you 🙏

Japan is the guinea pig of modern central banking 👀

Long and strong, frens — volatility is the price you pay for high multiples — DFTU.

- maybe a 20% chance BTC drops to $52k
- Inflation is the boogie man, war, Yen is breaking, etc
- fiscal spending is only going in one direction
- alts have already dropped 50%+ in many cases and have retested supports
- ETF flows are shit, but BTC is absorbing it well, and they…

#2 memecoin loses its memecoin status

i’m sorry that your warrantless surveillance regime was built on the assumption that people would always need intermediaries to transact

I'm confused.

While $IBIT's daily inflow streak is over at 71 days, it is not done setting records. Here's a look at ETFs all time by assets after first 72 days on market. The league of own-ness of IBIT, FBTC et al shows how overheated it all was, a breather was overdue tbh Sebastien Cabral

Over 300K new users have connected to the Kamino dApp in April.

Solana DeFi is cooking.

Rene tbf celestia team crushed it and now everyone is like 'celestia did x, why not just do x like celestia'

me when Celestia has 1GB blocks, 1 billion light nodes, and 1 million rollups

Startups that operate like they already made it before they actually do, never will.