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Share link:In this post: Government bond yields are rising fast, making it more expensive for countries to borrow and service debt. Mortgage rates are surging in the U.S., as 30-year Treasury yields jump past 5%. Stock markets are under pressure, with higher bond yields driving down equity valuations.
Share link:In this post: Investors are rushing to gold due to global wars, Fed uncertainty, and inflation fears. Major gold mining stocks like Newmont and Agnico Eagle are up over 80% this year. Spot gold is near $3,600/oz, with ETFs like GLD and IAU seen as the best way to invest.
The high volatility brought by the price surge, combined with bullish narratives, will boost market confidence, expand risk appetite, and ultimately lead to frenzy.
At what gas level will ETH begin to experience deflation?
- 06:03Avantis launches AVNT token airdrop checker, claiming will start on September 9BlockBeats News, on September 7, Base ecosystem derivatives trading platform Avantis launched the AVNT token airdrop checker. More than 65,000 wallets are eligible for the airdrop, and the airdrop claim will start at 22:00 on September 9 (UTC+8). On August 27, Avantis announced the launch of the AVNT token, with a total supply of 1 billion tokens. 51% will be allocated to the community, of which 12.5% will be distributed via airdrop. Previously, in June this year, Avantis completed an $8 million Series A funding round, led by Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund, and Flowdesk.
- 06:03Vitalik: The Ethereum team has performed excellently this year and will achieve key milestones through a short-term scaling roadmap.BlockBeats News, on September 7, Ethereum founder Vitalik posted that the Ethereum team has performed excellently this year, making contributions in various areas to ensure Ethereum's long-term scalability, decentralization, and resilience. The team's ideas will be reflected in the short-term expansion roadmap and will achieve its key milestones. Vitalik's retweeted post shows that Ethereum developers have proposed a minimal zkVM "leanVM" suitable for streamlining Ethereum, and it has been optimized for XMSS aggregation and recursion. The current recursion time is 2.7 seconds, with a goal to improve it by 10 times.
- 06:02El Salvador has marked the fourth anniversary of adopting Bitcoin as legal tender and currently holds 6,291.18 BTC.BlockBeats News, on September 7, El Salvador officially became the world's first country to adopt bitcoin as legal tender on September 7, 2021. President Nayib Bukele promoted the passage of the "Bitcoin Law" by the El Salvadoran Congress in June 2021, which stipulated that bitcoin could be used to pay for goods, services, taxes, etc., and would be recognized as legal tender alongside the US dollar. Subsequently, the El Salvadoran government launched the digital wallet "Chivo," allowing citizens to store and use bitcoin, offering a $30 bitcoin reward to registered users, and deploying bitcoin ATMs nationwide to facilitate transactions. According to data from the website of the Ministry of Finance of El Salvador, El Salvador has accumulated an additional 8 bitcoins in the past 7 days, bringing its total bitcoin holdings to 6,291.18, valued at over $690 millions.