🚨Unfiltered Crypto Insights 17th Oct🚨 Live with RA George (Blockchain DXB) and Markose Chentittha (Society X & Oort Foundation) : Live via LinkedIn
Blockchain DXB
Shownotes Transcript
Blockchain DXB & Society X: Unfiltered Chat - Weekly Crypto, Blockchain & AI
Date: 17th October Unfiltered Chat Time: 09:00 AM GSTHosts: RA George & Markose Chentittha
- Where We Left Off:
CPI Numbers: Inflation is down to 2.4%.
FOMC Outlook: Post-election forecast, interest rate decisions will be a focal point.
Jobs Market:
Significant Growth: 254,000 jobs added last month, but concerns about the authenticity of these figures.
Pompliano Podcast: Raised skepticism regarding the source of these jobs—could the numbers be manipulated?
Key Question: If the jobs market is thriving, why did Jerome Powell reduce interest rates by 50bps?
Yahoo Finance Insight: Odds of a 50bps rate cut dropped to zero after the latest jobs report.
Mt. Gox Repayment Postponed:
Repayment plan has been pushed back by a year, now set for October 31, 2025.
Impact: This delay means less Bitcoin supply, which could potentially pump the price.
Crypto Market Snapshot:
Stablecoin Volume: Stable and strong, 24-hour volume remains promising.
DEX to CEX Trading: Holding above 24%, consistently showing a strong shift towards decentralized exchanges.
Dapp Performance:
World Economy Updates:
US Share of World Economy: Projected to hit a historic low, below 15%, under President Joe Biden’s administration.
BRICS Updates: Cuts the use of the Dollar and Euro below 30%. Is the U.S. losing dominance to China?
Stablecoins and Bitcoin: Can BRICS adopt these instead of developing a new solution?
USA Election:
World Liberty Token (WLFI): A new token launch with no ties to Donald Trump or his political affiliations.
Token Presale: Launch set for 15th with some technical errors.
Zak Folkman: Head of Operations at WLFI and co-founder of Dough Finance. Is WLFI a good project?
Kamala Harris Policy Controversy:
Racist Claims: A policy that aims to benefit Black men in digital assets, but questions arise—what about other ethnic groups such as Brown or Mexican individuals?
Link: Kamala Harris's Policy).
UAE SCA Requests SEC Investigation (Cardi B):
AED Stablecoin: Is it legit? Questions are raised due to lack of information.
No Website or Info: AED Stablecoin LLC has no online presence, and any mentions by Al Maryah Community Bank have been retracted.
Potential Legitimacy: Still unclear, no confirmation from the UAE Central Bank.
GITEX Update:
Coverage of key updates from GITEX Technology Week.
Society X / Oort Foundation Update:
Insights and future plans for the Oort Foundation and Society X.
Blockchain DXB Updates:
Three new episodes released on The Race Space Podcast.
Topic of Discussion: Macro-Level Insights on Crypto, Blockchain, & AI