Daily Crypto NewsEDITION #685, 08 February 2023

What's up, FED?

Hey, Moni Maker! 👾

Today, in 1816, they used a dog to catch criminals in Scotland. Wow! Pardon the pun, but watching our household animals follow us toe-to-toe is fantastic. They do it even in the web3 world!

Like, $DOGE is a dog. CryptoKitties… Who's next, like in the MTV show? We should get the upcoming domestication trend to buy some coins of following hyped animals :) Btw, it's not financial advice.

Now back to the business. Rn we'll talk about the FED head speech. Also, we'll DYOR an NFT on Canto. And….get OR role!

Let's go!

#TOPOFTHEDAY

What did Reverend Powell bring to us?

The FED head, so to speak. So! If you get nothing about why crypto heads go nuts about these rates so hard, please check this post and come back.

Ok, and now there are the most significant points from yesterdays' Powell's speech:

- Inflation is falling. Thanks to lower energy prices

- The labour market is stronger than expected

- Rates from the Fed are likely to rise further - and that's not the peak

- Inflation has to fall to 2%, or the Fed will not rest.

- But... the Fed will probably not rest until a couple of years from now

So what?

As they would tell, the alpha male came to the building! Like, this speech was harsh. But there is a point we can’t ignore…

Despite the face of aggressive FED behaviour, crypto is rising. Just go to the Moni app and see yourself; it's green! So we wish you pay attention less to such things as these FED speeches and become adoptive to earn even though dark and dump times. :)

#LONGCRYPTOSHORT

Visa is going to pump it to Ether? | DCG sells Grayscale | How to stake crypto with a bank

1. DCG sells Grayscale stock

2. Visa's interest to Ethereum could boost token price

3. Juno Cryptobank resumes service after pause

4. Revolut launches cryptocurrency staking for its customers

#TWITTERSTREETS

Everyone is talking about the FED

Memes are walking around the Twitter streets:

⚠️BREAKING:

*FED'S POWELL: EXPECT 2023 TO BE A YEAR OF SIGNIFICANT DECLINE IN INFLATION pic.twitter.com/brivB1sDXs
— Investing.com (@Investingcom) February 7, 2023

#PROJECTTODYOR

Canto Skellies: Skulls on Canto

Looks like a real scam. Btw, we can't miss anything in the Capso space now. So DYOR plz!

Canto Skellies is NFT project on Canto. So they can PUMP. Sometimes they raffle freemints lists. Or REKTs will come. We'll see.

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