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The iShares Ethereum Trust has just been registered in Delaware
The iShares Ethereum Trust has just been registered in Delaware.
— Summers (@SummersThings) November 9, 2023
For context, BlackRock's iShares Bitcoin Trust was registered in a similar manner 7 days before they filed the ETF application with the SEC. Details below.
[announcement: I’m moving to @SynopticCom soon] pic.twitter.com/IYafIaxMzA
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Thank you for that kind introduction. I thought I might take 10 minutes to share how I’m seeing the economy. Let me caution these are my thoughts alone and not necessarily those of anyone else in the Federal Reserve System. As you well know, the Fed has moved aggressively against inflation. We have raised rates 525 basis points in just a year and a half. Hopefully, you agree we needed to take action because, if there’s one thing we have relearned over the past two years, it is that everyone hates inflation. High inflation creates uncertainty. As prices rise unevenly, it becomes unclear when to spend, when to save or where to invest. Inflation is exhausting. It takes effort to shop around for better prices or to handle complaints from unhappy customers. And inflation feels unfair — the wage increase you earned feels arbitrarily taken away at the gas pump. We are making real progress. In September, 12-month headline PCE inflation was 3.4 percent, down considerably from its peak of 7.1 percent in June 2022. Core was 3.7 percent, and in the last three months, core has been 2.5 percent annualized. We aren’t at our 2 percent target yet, but we’re heading in the right direction. At the same time, the data shows an economy that has remained remarkably healthy. Despite fears of a recession, we continue to see strong demand and a resilient labor market. GDP grew at a remarkable 4.9 percent in the third quarter. Consumer spending was robust, up 4 percent annualized. Unemployment remains low at 3.9 percent. Job growth has averaged 204,000 over the last three months, roughly double the breakeven pace. If you had asked me for my fo post: FED'S BARKIN: WE HAVE TIME TO SEE WHAT PATH INFLATION TAKES, WITH RATES NOW RESTRICTIVE AND FINANCIAL CONDITIONS TIGHTENED. post: BARKIN: ANY DOWNTURN MAY BE LESS SEVERE THAN PAST RECESSIONS #News #Markets #BARKIN #live post: FED'S BARKIN: WE WILL NEED ECONOMIC SLOWING TO BEAT INFLATION. post: FED'S BARKIN: THE JOB ISN'T DONE, INFLATION REMAINS TOO HIGH.
Bitcoin prices have exploded higher overnight, nearing $38,000, with the renewed bullish tone attributed to a combination of factors, including resurgent institutional interest, ...
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- Posted: Nov 9, 2023 10:28am
- Submitted by:Category: High Impact Breaking NewsComments: 0 / Views: 292