EddieJayonCrypto
6 May 22
• Luna Foundation Guard continues to fortify its stablecoin reserve• Senator Tommy Tuberville introduced a bill that could create a path to allow pension funds to include crypto assets as a part of 401K offerings• Discord suffers from constant compromises, this time it was Opensea's account• Bank of...
• Luna Foundation Guard continues to fortify its stablecoin reserve• Senator Tommy Tuberville introduced a bill that could create a path to allow pension funds to include crypto assets as a part of 401K offerings• Discord suffers from constant compromises, this time it was Opensea's account• Bank of England raised interest rates 25 basis points and the GBP dropsIt has been a horrible week for all markets. What do I see? Here is what is on my mind today.1. Luna Foundation Guard continues to fortify its stablecoin reserve with another Bitcoin purchase. This time it was $1.5B worth to further strengthen Terra UST. 2. Senator Tommy Tuberville introduced a bill that could create a path to allow pension funds to include crypto assets as a part of 401K offerings. This is a big step as his colleagues, Senators Tina Smith and Elizabeth Warren vehemently opposed Fidelity's actions to include Bitcoin and Ethereum in their retirement offerings. They should all start from all investments that are risky and then work from there. Sometimes I think people like to poke holes instead of trying to figure out the best way to fortify against them. 3. Discord break-ins happen often enough that I have to wonder about why projects use the technology at all. This time the victim was OpenSea. 4. Following suit, the Bank of England raised interest rates 25 basis points as compared to the United States 50 basis point increase. Since the change, the British Pound has dropped against other currencies. This is a significant note since countries around the globe are grappling with how to manage crippling inflation.