2 major updates for today:
The market was expecting a CPI inflation of 7%. Today the numbers came out at hit exactly 7%. This is good since there is no additionaly uncertainty in the market and the Fed most likely won't implement additional measure besides the previous announcements.
For me the even bigger news: Fed Chair Jerome Powell changed his stance on stablecoins: Stablecoins and US Central Bank Digital Currency (CBDC) could co-exist
In July 2021, Powell had stated that the launch of a US CBDC would replace cryptocurrencies, including stablecoins: https://www.cnbc.com/2021/07/15/fed-chair-jerome-powell-stablecoin-crackdown.html
This strategy is already heavily invested in DeFi protocols that profit from stablecoins. This week ICONOMI added $CVX (Convex Finance) which allows liquidity providers to earn extra trading fees and claim additional tokens.
Thanks to this platform we were able to outperform BTC by over 100% in the past 3 months. Thanks Iconomi & Iconomi community!