Hello Reader's,

Here is some of the stories that are hot this crypto summer.☀️

There's been a lot of attention in the media on Ordinals ever since their release January 2023 and BRC-20's later in the year. 

The fact that you can now do NFT's on Bitcoin network is huge. Although many argue is not the correct move as a more complex network creates more potential exploits of which many say BRC-20 is one of these exploits. Nothing to see here. 🙄 

Essentially now you can also transfer ERC-20 NFT's to the bitcoin network but is a one way move. Perhaps it is worth thinking twice about this as ordinals are still relatively new in the crypto spheres, does not the same level of popularity yet for this new NFT craze. Although it is coming. 

Plus RFK JR has come out in support of Bitcoin and taking donation via the traditional banking system supporting, via 3rd party, lightening network.

FOMC conference statement - Jerome Powell,

Continuing his mission his goal to return inflation rates down to 2%.

5 - 5.25% FED fund's rate, while continuing their reduction of SEC holdings.  

Target range to hold steady long-term is well anchored. 

Median projects from their Assessments of Appropriate Monetary policy graph (displayed during Jerome's statement) is as follows, 2023 5.5, 2024 4.7, 2025 3.4, long-run 2.5. Which is downwards long-term. That's if thier predictions hold true and do not have to re-asses thier action plan. So for now it is interest rate hikes again. Raising by 2 point's. 

If you are into investing or trading, never put in anymore than your willing to loose. 

Have a great day,

Namaste

Disclaimer: This is not investment advise please find a personal financial advisor.

I'm  telling you my experience's and what I've learned. 

If you found this interesting and want to make sure you find the next one subscribe.