xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
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The market is celebrating the 25 base point hike from the Fed. The party may continue but the interest rate is getting higher and higher.
Why is the interest rate so important?
The ChatGPT explained:
Interest rate is important because it affects the cost of borrowing money, the return on investments, and the overall economy. A change in interest rate can influence consumer spending and investment decisions, inflation, exchange rates, and unemployment. Higher interest rates tend to slow down economic growth and reduce inflation, while lower interest rates can stimulate economic growth and increase inflation. Thus, interest rates play a critical role in determining economic stability and growth.
Here is my take on the interest rate.
It is important to the stock market because whoever can influence the market has borrowed tons of cash, and they owe a lot of money.
When interest rate goes up, they have to pay more interest payment to keep their cash flow or they cannot afford to borrow more money but slash their investment.
A similar effect happens in the crypto market.
Lower the interest rate means more profits for those big money guys.
That is why the market is moving up today.
How long can it sustain? We do not know.
Photo by Markus Winkler on Unsplash
The market is celebrating the 25 base point hike from the Fed. The party may continue but the interest rate is getting higher and higher.
Why is the interest rate so important?
The ChatGPT explained:
Interest rate is important because it affects the cost of borrowing money, the return on investments, and the overall economy. A change in interest rate can influence consumer spending and investment decisions, inflation, exchange rates, and unemployment. Higher interest rates tend to slow down economic growth and reduce inflation, while lower interest rates can stimulate economic growth and increase inflation. Thus, interest rates play a critical role in determining economic stability and growth.
Here is my take on the interest rate.
It is important to the stock market because whoever can influence the market has borrowed tons of cash, and they owe a lot of money.
When interest rate goes up, they have to pay more interest payment to keep their cash flow or they cannot afford to borrow more money but slash their investment.
A similar effect happens in the crypto market.
Lower the interest rate means more profits for those big money guys.
That is why the market is moving up today.
How long can it sustain? We do not know.
Photo by Markus Winkler on Unsplash
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