In Go Woke, Go Broke, New York Times bestselling author and veteran financial journalist Charles Gasparino calls out the nonsense and takes readers inside the radicalization of corporate America, based on numerous insider interviews and exclusive reporting. #siamstr #Siamstr
Over the weekend, however, the most popular version of these tokens, Wrapped Bitcoin (WBTC), came under fire, as its custodian BitGo disclosed that it would be handing over custody of the token to a joint venture with BiTGlobal, a firm linked to the controversial Tron founder Justin Sun. Amid the backlash and calls to boycott the token in response to the management change, leading crypto exchange Coinbase is looking to capitalize with a WBTC alternative to capture some of the tokenized Bitcoin market share. #siamstr #Siamstr
The U.S. Producer Price Index (PPI) for July showed a modest increase of 0.1%, barely surpassing market expectations which had anticipated a 0.2% rise. This minimal difference suggests a deceleration in the inflation rate, and a decrease compared to the 0.2% recorded the previous month. On an annual basis, the PPI rose by 2.2%, also below the 2.3% forecast, although the previous annual rate was revised upwards to 2.7%. #siamstr #Siamstr
In recent months, Robinhood has experienced a significant resurgence in trading activity, driven by a revival in meme stocks and increased interest in cryptocurrencies. This surge has led to record profits for the trading platform, highlighting its pivotal role in the retail trading landscape. #siamstr #Siamstr
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An online meeting designed to repair relations between the crypto industry and the Democratic Party turned ugly. The Zoom meeting was hosted by California Congressman Ro Khanna with the goal of mending fences during a contentious election year with a burgeoning industry that has been the target of a massive regulatory crackdown unleashed by the Biden Administration’s financial regulators. #siamstr. #Siamstr
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