The market has only been this concentrated once before, during the Great Depression in the United States 📊
Look at the market value of the top 10% of companies in the S&P 500. You will see that companies such as Apple, Nvidia, and Microsoft, dominate the index's total value.
Why it matters: The biggest companies - especially the giant tech firms known as the "Magnificent Seven" - increasingly stand astride corporate America and the broader economy as colossi.
🌍 This means that the entire US economy, and the economies of many countries around the world, are somewhat dependent on things like Nvidia's quarterly reports, Apple's earnings reports, and so on.
If something happens to those companies, things will get very bleak very quickly 😐
Don't forget to unmute us for more tips and updates about crypto nft and ai fastest
#crypto_updates
Look at the market value of the top 10% of companies in the S&P 500. You will see that companies such as Apple, Nvidia, and Microsoft, dominate the index's total value.
Why it matters: The biggest companies - especially the giant tech firms known as the "Magnificent Seven" - increasingly stand astride corporate America and the broader economy as colossi.
🌍 This means that the entire US economy, and the economies of many countries around the world, are somewhat dependent on things like Nvidia's quarterly reports, Apple's earnings reports, and so on.
If something happens to those companies, things will get very bleak very quickly 😐
Don't forget to unmute us for more tips and updates about crypto nft and ai fastest
#crypto_updates
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Digital asset investment products saw weekly inflows of $598 million, the fourth consecutive week. Year-to-date inflows have now surpassed $5.7 billion 📊
MicroStrategy’s X account was hacked, it was a shilling Ethereum token phishing scam. Losses incurred from the scam have already tallied over $440,000 💸
A member of the well-known British banking dynasty, one of the most influential families on the planet, Jacob Rothschild has died at the age of 87 ⚰️
Victorian man vanishes after receiving money mistakenly credited to his account with $995,000 instead of $99,500 🏃♂️
🔹 Last 24 hours top 3 gainers:
Flare - $0.048 (↑21.28%)
Mantle - $0.874 (↑9.20%)
VeChain - $0.049 (↑9.01%)
#crypto_updates
MicroStrategy’s X account was hacked, it was a shilling Ethereum token phishing scam. Losses incurred from the scam have already tallied over $440,000 💸
A member of the well-known British banking dynasty, one of the most influential families on the planet, Jacob Rothschild has died at the age of 87 ⚰️
Victorian man vanishes after receiving money mistakenly credited to his account with $995,000 instead of $99,500 🏃♂️
🔹 Last 24 hours top 3 gainers:
Flare - $0.048 (↑21.28%)
Mantle - $0.874 (↑9.20%)
VeChain - $0.049 (↑9.01%)
#crypto_updates
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Top 7 token unlocks for this week 🔓
DYDX unlocks that were previously canceled and postponed have finally started, let's see how the token price reacts. Unlocks of the top 10 tokens this week total $543 million 👇
• dYdX ($DYDX) $228.07M
• Sui ($SUI) $87.78M
• Axelar ($AXL) $85.39M
• Orbler ($ORBR) $55.34M
• ECOx ($ECOX) $40.28M
• Orange ($ORNJ) $23.64M
• Biconomy ($BICO) $21.99M
#crypto_updates
DYDX unlocks that were previously canceled and postponed have finally started, let's see how the token price reacts. Unlocks of the top 10 tokens this week total $543 million 👇
• dYdX ($DYDX) $228.07M
• Sui ($SUI) $87.78M
• Axelar ($AXL) $85.39M
• Orbler ($ORBR) $55.34M
• ECOx ($ECOX) $40.28M
• Orange ($ORNJ) $23.64M
• Biconomy ($BICO) $21.99M
#crypto_updates
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Bitcoin 56k Dollar 💵🤑😱
Bitcoin hit the highest jump from 52k dollar to 56k Dollar
This is showing that Bitcoin hit the heights which no one can imagine
#crypto_updates
Bitcoin hit the highest jump from 52k dollar to 56k Dollar
This is showing that Bitcoin hit the heights which no one can imagine
#crypto_updates
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Crypto speak: Rip-off
A “rip-off” is plagiarism. It’s what people say when the founders of an NFT project are “inspired” by art from other popular collections and make a thousand parodies. In general, there’s too much inspiration =)
Even in the heyday of NFTs, it was a good idea to stay away from such collecti
#crypto_updates
A “rip-off” is plagiarism. It’s what people say when the founders of an NFT project are “inspired” by art from other popular collections and make a thousand parodies. In general, there’s too much inspiration =)
Even in the heyday of NFTs, it was a good idea to stay away from such collecti
#crypto_updates
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