πŸ” McD's hikes prices as FED hikes rates

Friday 29th July 2022

McDonald's hikes the rates of your favourite cheeseburgers πŸ” to a 14-year high as the FOMC raises rates another 75 basis points πŸ“ˆ and the market reacts positively?

In Todays Catch Up:

  • Chart of the Day

  • Hot News on the bloc

  • DeFi with TheCalculatorGuy

  • The Rest of the Internet

Chart of the Day: Ethereum

Has Bart Simpson dive-bombed head first into the $ETH chart? But it looks as if the ETH bulls have completely ignored the message and started to push it back up to the 100 EMA ready for a retest of the $1600 marker. The chart has reacted positively to the FOMC news as J Powell didn't unleash any surprises. 20 and 50 EMAs in the progress of crossing to the upside. We could be in for some bullish movement 🀞.

Hot News on the blocA billion-dollar ENS?Β Unstoppable domians reach unicorn status with a $1bn valuation. Providing NFT-based domains that can "be assigned to crypto wallets and websites, and is building Web3 identity and reputation solutions. FOMC strikes again with a 75 basis point hike.....again. But the blow is softened as "Powell hints Fed could slow the pace of rate hikes". Could being the key word.Cult leader Cathie Woods dumps her 1.4m share bag of $COIN as the price goes into free fall whilst the sec continues to investigate Coinbase for insider trading.Ethereum Classic, who remembers that? During his talk at EthCCΒ Vitalik pumped Ethereum Classic ($ETC) when he "presented the chain as a fine PoW alternative to Ethereum. Is this an accidental bull trap? Or is there substance to his comments?Beam me up, Scotty! Moonbeam integrates with the Osmosis to allow cross-chain swaps between Polkadot and Cosmos via the Axelar network protocol.

The PvE Edge with The Calculator Guy

Grant sits down with the Calculator Guy to discuss calculators, humble beginnings and getting a PvE edge in defi

The Rest of the Internet

McDonald's Cheese Burgers reach an all time high after 14 years which shows ever Macca's isn't resilient enough to weather the recession.An Electric Ferrari? Ferarri plans to launch in 2025 and the CEO is confident about its performance. Should the iconic stallion lose the raw of its engine?Big week for earnings with about a third of the S&P 500 reporting this week. It hasn't been a great start for many of the big cheese companies given the slowdown. But this week is significant because the value of these companies is $17 trillion, roughly half of the value of the S&P.Elon SpaceX gets a rival as Europe OneWeb and Eutelsat combine forces to compete with Elon's growing satellite network Checkmate for this little mate. The chess-playing robot loses control and breaks the finger of its young counterpart as he starts to show signs of winning.

*at blocmates we will always advocate a healthy diet and lifestyle

Alpha blocThese are on our watch list for this coming week and remember to do your own research: $CRT, $VELO $SUDO, $XMON, $OP and $SNX.Note from Jedi: "Still sitting firmly on the side"

See you on Sunday for The Recap,

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