Bitcoin is currently the 12th most valuable asset on planet Earth, and this is after only 14 years of life and a 74% bear market decline.
Source: Oliver L. Velez
Wheat futures jump 3.5% as Ukraine grain deal collapses w/Russia refuses to extend it
The move jeopardizes a key trade route from Ukraine, one of the world’s top grain and vegetable oil shippers, just as its next harvest kicks off. Source: Bloomberg, HolgerZ
Bitcoin Lightning Network is now supported by Binance
Crypto exchange Binance enabled deposits and withdrawals on Bitcoin’s Lightning Network on Monday. Lightning is now alongside other options including Bitcoin mainnet, BNB Smart Chain and Ethereum. Lightning serves as a layer-2 scaling solution for Bitcoin. The network is intended to speed up transactions and reduce fees, reminiscent of Ethereum layer-2 protocols like Optimism.
Source: Blocworks
Saudi Arabia is exploring plans to raise $2.7 billion for its futuristic mega-city in an effort to complete most of the construction by 2030
Saudi Arabia is seeking a $2.7 billion loan from local lenders for its Neom project, per Bloomberg. The planned city is a central part of the kingdom's plans to diversify its economy.It aims to accommodate 9 million people in a mirror-like structure that's 170 km in length. The Neom development is expected to include two huge buildings as part of a project known as The Line. It aims to be a "civilizational revolution that puts humans first," The Wall Street Journal first reported, citing a video in which Crown Prince Mohammed bin Salman discussed the project source : yahoo!finance
The EV industry comprises three essential components: lithium producers, parts manufacturers, and EV manufacturers.
Looking ahead, it is likely that electric motors and lithium batteries will become prevalent in all cars. Source: Genuine Impact
Money debasement explained in one picture
Source: Thomas Fahrer
According to new US government data, annualized interest payments on US debt just crossed $900 BILLION for the first time in history
Government spending jumped 15% in June, the same month we had the debt ceiling “crisis.” Ironically, in the same month we had a debt ceiling crisis, US Federal spending hit a near record and annualized interest expense crossed $900 billion. Source: The Kobeissi Letter
A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years
A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians. The document means the investigating commission would hand over its files to the Swiss Federal Archives after a longer gap than the usual 30 years to ensure high levels of confidentiality apply to the investigation, which has generated huge public interest. The investigation will focus on the activities of the Swiss government, financial regulator and central bank in the run up to the emergency takeover of Credit Suisse by UBS in March. The investigation is only the fifth of its kind in the country's modern history and the committee of lawmakers conducting it has sweeping powers to call on the Swiss cabinet, finance ministry and other state bodies. "After the completion of the investigation, the files shall be handed over to the Federal Archives and shall be subject to an extended protection period of 50 years," the committee said in a strategy paper outlining its communication policy. Source: Reuters
