Brutal – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 05 Sep 2025 16:21:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Brutal – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Gold, Crypto or Stocks? Key Difference Revealed, And It Is Brutal for Bitcoin https://earlybirdsinvest.com/gold-crypto-or-stocks-key-difference-revealed-and-it-is-brutal-for-bitcoin/ https://earlybirdsinvest.com/gold-crypto-or-stocks-key-difference-revealed-and-it-is-brutal-for-bitcoin/#respond Fri, 05 Sep 2025 16:21:47 +0000 https://earlybirdsinvest.com/gold-crypto-or-stocks-key-difference-revealed-and-it-is-brutal-for-bitcoin/

When markets feel the heat, the contrasts between them become clear right away. Popular crypto analyst Will Clemente perfectly highlighted this gap amid the latest shake out.

The fact is that gold has central banks that rush to add to reserves, and stocks are cushioned by pension and sovereign funds that love to compound, but crypto has none of that. The only names associated with it on public markets are the ones that crash at the same time as the coins themselves.

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Bitcoin dipped to around $110,700 today on a U.S. jobs data mess, but the companies most exposed to it slipped at the same time. Strategy is down 1.47%, BMNR lost more than 5%, Coinbase dropped over 4% and SBET slid almost 7%.

These are supposed to be the closest thing to institutional exposure for digital assets, but during sell-offs, they do not buy — they bleed.

“When sell-off hits”

Today’s situation looked even worse on the derivatives side. In just 24 hours, there were more than $371 million in liquidations, split between $230 million in longs and $141 million in shorts. 

In just the first hour after the report came, a whopping $117 million was gone, showing how easily things can fall apart when there is no deep capital backing it up.

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Every part of the day brought new sales, and by the end, both the bulls and the bears had lost hundreds of millions. Meanwhile, S&P 500 and Nasdaq renewed all-time highs.

The comparison is simple but hard to ignore. Gold is used by central banks, stocks are used by retirement funds and crypto is used by companies that have the same price chart. When Bitcoin drops, they sell off too, leaving nothing behind to slow the fall.

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The brutal trade-off that will decide the future of food https://earlybirdsinvest.com/the-brutal-trade-off-that-will-decide-the-future-of-food/ https://earlybirdsinvest.com/the-brutal-trade-off-that-will-decide-the-future-of-food/#respond Sun, 10 Aug 2025 03:51:27 +0000 https://earlybirdsinvest.com/the-brutal-trade-off-that-will-decide-the-future-of-food/

Perhaps the most crucial idea for understanding our species’ future on this planet boils down to two boring words: land use.

To mitigate climate change, humans will need to extract critical minerals to build vast numbers of photovoltaic cells and wind turbines. We’ll need millions of tons of copper to wire continent-spanning power grids. But the most immutable resource constraint we face — the one we can’t mine more of — is land.

Although many of us don’t see it, because most humans now live in urban areas, the story of land constraints is really a story about agriculture, which devours nearly half of our planet’s habitable land; urban and suburban areas take up only a tiny fraction.

We’re not using all that farmland very wisely. Beef farming, for example, occupies “nearly half the world’s agricultural land to produce just 3 percent of its calories,” the journalist Michael Grunwald writes in his new book, We Are Eating the Earth. In part because it consumes so much land, agriculture contributes between a quarter and a third of all greenhouse gas emissions, and as humanity’s numbers climb, its footprint will swell. “If current trends hold, the world’s farmers will clear at least a dozen more Californias’ worth of land to fill nearly 10 billion human bellies by 2050,” Grunwald writes.

Grunwald’s book — a lively, reportorial world tour through the misunderstood science and politics of agriculture, often explained via Gen X movie references — is among a slate of new titles that I like to think of as the abundance agenda of food.

Abundance, Ezra Klein and Derek Thompson’s bestselling it-girl of wonk manifestos, shares intellectual DNA with a growing set of ideas bringing supply-side economic principles to the future of farming. Just as we can’t solve the housing crisis or the green energy gap with a politics of scarcity, we can’t fix agriculture’s planetary impact by simply producing less food. We have to grow enough food to affordably and sustainably feed a world of 8 billion and counting. And because there’s a hard limit on land, that means figuring out how to squeeze more food out of our precious acreage.

The proposed solutions might surprise you. They are not crunchy farming philosophies like local agriculture or so-called regenerative ranching — woefully inefficient, low-productivity systems that, if deployed at scale, would mean mowing down the world’s remaining forests, accelerating climate change and mass extinction. That’s because wild, carbon-sequestering ecosystems are our best natural defenses against climate change, which is something that no agricultural pattern can replicate. “Every farm, even the scenic ones with red barns and rolling hills that artists paint and writers sentimentalize, is a kind of environmental crime scene,” Grunwald writes. And today, “global agriculture is shifting south, toward tropical forests and wetlands that are the world’s most valuable carbon sinks,” like the Amazon.

That means the most important determinant of agriculture’s planetary impact is how much land it sucks up — what Grunwald calls “the eating-the-earth problem.” By this measure, conventional, intensive, industrial crop farming like that practiced across the US, and heavily criticized by many environmentalists, outperforms organic agriculture or low-yield farming common in low-income countries, for the simple reason that it produces the most food on the least land (though there is, to be sure, nuance to this debate).

We Are Eating the Earth is joined by a grumpier, more academic provocation on food sustainability. Food Fight, by UC Davis agricultural economist Richard Sexton, decries the policies being implemented around the world, often in the name of helping the environment, that will make farming less productive and less sustainable, and food more expensive. “Never have governments actively intervened to implement policies guaranteed to reduce food production the way they do today and promise to do into the future,” he argues, dismantling approaches ranging from senseless ethanol mandates in the US and elsewhere to Europe’s pro-organic and anti-GMO policies.

These are intelligent, highly timely books that get many things right, surfacing the misguided pastoral fantasies and fatal misunderstandings of land use that make it hard for us to pursue sane agricultural policies. They inspire due respect for a modern industrial food system that, for all its problems, has achieved spectacular feats of productivity necessary to support a planet of billions of people.

But their emphasis on intensification also leads them somewhere far more ominous: a defense of the worst part of our food system, one that will lead to ever-more horrifying levels of suffering and death.

The rise of anti-anti-factory farming

Repairing our food system is so confoundingly difficult in part because it often feels more intractable than it needs to be. We already know we could alleviate a lot of the problem by eating less meat and dairy — the food equivalent of coal power — and more plants, but convincing consumers to do that through either policy or suasion is really, really hard. (Believe me, I try).

“One American pollster told me meat taxes were the most unpopular policy he ever surveyed, ‘up there with veterans’ benefits for ISIS,’” Grunwald grimly remarks. And one of the surest bets you can place on the future, as both authors point out, is that as people in low- and middle-income countries become richer, they will eat lots more animal products. Humans already slaughter an eye-watering 80 billion land animals per year, a number that will continue to soar.

Resigned to that dismal reality, both We Are Eating the Earth and Food Fight reflect an idea that’s increasingly prevalent in future of food debates — that factory farms, despite their cruelty, are a necessary evil. Call it anti-anti-factory farming.

The reasoning is straightforward enough. Animal agriculture takes up lots of land and resources — that’s why meat is bad for the environment in the first place. The only way to produce it at scale without blowing up climate targets and clearing rainforests is to raise animals as intensively as possible through what’s called “sustainable intensification.”

Factory farms don’t exist merely to be evil, after all, but rather because they produce animal products with the fewest possible inputs. Just as much as these books puncture Michael Pollan-esque pipe dreams of feeding the world with pasture-raised steak, they also have little patience for animal rights activists who want to regulate factory farming out of existence.

Thus included on Sexton’s list of misguided policies are animal welfare laws like California’s Proposition 12, which ban some of the most extreme forms of confinement for farm animals, including caging female breeding pigs in crates so small they’re comparable to spending an entire human life trapped inside a coffin.

“Policies being imposed in the name of animal welfare reduce the productivity of these animals and raise the costs of producing animal products,” he writes. In fairness to Sexton, whom I have an enormous amount of respect for and have interviewed for numerous stories, he suggests what he argues is an alternative, less costly route to achieving the welfare benefits of Prop 12. “I like animals and want them to be treated well,” he writes.

A stark, dimly lit photograph taken from a high angle shows several large, light-pink pigs confined in individual metal stalls inside what appears to be a factory farm. The narrow stalls are lined up in a row, barely wider than the pigs themselves, preventing them from turning around. The pig on the right looks directly up toward the camera, its snout and ears illuminated by the harsh overhead light. The floor is dark and appears wet, and the overall scene conveys a sense of intense confinement.

Pigs housed in gestation crates.
Jo-Anne McArthur/We Animals Media

Grunwald more gingerly suggests factory farms remain an inevitable, if inhumane and not ideal, part of food production. In a controversial New York Times essay last December, he argued, “the inconvenient truth is that factory farms are the best hope for producing the food we will need without obliterating what’s left of our natural treasures and vaporizing their carbon into the atmosphere.”

One of the surest, most realistic ways to reduce meat’s outsize land and carbon footprints this century, Grunwald writes, is for diets to replace beef with poultry and pork, which are far lower in climate impact. But that trade would be morally calamitous — it takes far more individual chickens and pigs to produce the same amount of meat as beef cattle, and those animals are treated far worse.

The anti-anti-factory farming ethos is certainly a way of looking at our food system. There’s a brutal logic to it that anti-factory farm advocates have to learn to contend with.

Take dairy cows as just one illustrative example: Breeding them for maximal productivity has meant that “since World War II, the US dairy herd has shrunk by two-thirds, yet produces two-thirds more milk,” Grunwald writes. Had that not happened, we’d have more dairy cows emitting more greenhouse gases, and we’d likely have cleared more land and harmed more ecosystems to grow the crops that feed them. In much of the rest of the world, dairy herds are much less productive, thereby consuming more resources and polluting the climate more for every gallon of milk produced.

Yet America’s hyper-productive turbo-cows have come at a severe cost to animal welfare. Dairy cows are some of the most miserable animals in our food system: Like all mammals, they only make milk after giving birth, to feed their babies, but they’ve been bred to produce far more than a calf would drink. These astronomical yields destroy the dairy cow’s body, forcing her to channel “freakish” amounts of energy into milk production, as the food historian Anne Mendelson has written. (One might argue that the counterfactual would be even worse: a world with more, less-productive dairy cows, each enduring a life of continual pregnancy and separation from their calves. Nevertheless, the sheer extremity of the modern turbo-cow’s suffering, and the prospect of bringing many more of them into the world, crosses a moral threshold.)

All this for a food that still, even after cows have been pushed beyond the limits of decency, remains significantly worse for the environment than simply eating plant-based foods. So is industrial milk really a win for the planet?

One of my favorite visualizations the global food system comes from Our World in Data:

An infographic from Our World in Data titled “Global land use for food production,” which breaks down land usage in a series of nested charts.Chart Breakdown:Earth’s Surface:71% Ocean (369 Million km 2 )29% Land (141 Million km 2 )Land Surface: (A breakdown of the 29% Land)76% Habitable land (107 Million km 2 )14% Barren land (20 Million km 2 )10% Glaciers (14 Million km 2 )Habitable Land: (A breakdown of the 76% Habitable land)45% Agriculture (48 Million km 2 )38% Forests (40 Million km 2 )13% Shrub (14 Million km 2 )3% Water bodies (3 Million km 2 )1% Urban and built-up land (1 Million km 2 )Agricultural Land: (A breakdown of the 45% Agricultural land)80% Livestock: meat, dairy, textiles (38 Million km 2 , comprised of 32 million km 2  of grazing land and 6 million km 2  of cropland for feed)16% Crops for food (8 Million km 2 )4% Non-food crops like biofuels and cotton (2 Million km 2 )Food Supply Contribution:The chart then links land use to food supply, showing a disparity:Global Calorie Supply:83% from plant-based food17% from meat & dairyGlobal Protein Supply:62% from plant-based food38% from meat & dairyA footnote clarifies that if wild fish catch is included, animal products would provide 18% of calories and 40% of protein.

Plant-based foods — that is, everything that’s not meat, dairy, and eggs — already supply more than 80 percent of the world’s calories, and nearly two-thirds of our protein, with just 16 percent of global agricultural land. One conclusion you could draw from this chart is that animal agriculture is so inherently inefficient — we grow feed crops to raise animals that we then slaughter to feed ourselves — that we have to work hard to find ways of making it more productive. Another way of looking at it is that animal agriculture is so inefficient — and, by the way, it comes at an unthinkable moral cost, and it might start the next pandemic — that it would be the definition of lunacy to squander limited global carbon budgets to produce an ever-greater share of our food this way.

But there’s no single council of humanity that can make that decision for our species — only billions of individuals making market choices. And they have shown every sign that they are going to keep eating meat.

So Grunwald calls for an all-of-the-above approach. We Are Eating the Earth roots for the success of meat alternatives like plant-based and cell-cultivated meat — and it made me feel more optimistic about their future than I have in a long time — just as much as it embraces intensive animal production. Innovation can also make intensive crop agriculture more planet-friendly, as Grunwald explores, by making it less dependent on inputs that harm wildlife, like chemical pesticides.

The logic of anti-anti-factory farming genuinely challenged me, because as impossible as its choices feel — do we torture several billion more animals per year, or let the Amazon burn? — they are real trade-offs that policymakers face every day.

It’s hard to compare the despoiling of irreplaceable ecological wonders to the infernal horror of the factory farm according to a cost-benefit analysis, because they feel incommensurate. But if we tried to do it honestly, I’m not sure the answer would be as clear as factory farming’s defenders suggest. Their case only works because food systems analysis sees animals as economic inputs, not much different than a bushel of wheat, rather than as who they really are. It doesn’t seriously engage with what it really means to farm animals for food — the incessant pain of a modern broiler chicken, or the mind-numbing despair of a caged mother pig used as a reproductive machine.

So let me offer one more new book recommendation: my friend the philosopher John Sanbonmatsu’s The Omnivore’s Deception. Another rebuke of Michael Pollan and his defense of eating animals, it’s the rare book that unshrinkingly names our tyranny over animals as a “civilizational error,” as Sanbonmatsu writes. It’s “about what happens when we organize our society, economy, and daily lives around a radical evil, then engage in self-deception to keep the truth of that evil from ourselves.”

We Are Eating the Earth is, to a great extent, a work of unsentimental pragmatism, which makes the spirited case for principled idealism in the book’s final moments all the more potent. Sometimes progress depends on a “refusal to read the room and stop saying things nobody wanted to hear,” Grunwald writes. “It pays to keep working and fighting the good fight, because maybe something good will happen. Maybe it won’t, but if you don’t keep working and fighting, it definitely won’t.”

We should look at animal agriculture the same way. We could continue turning our planet into a giant factory farm, but then, what are we even doing all this for? If we continue to ignore one of the greatest atrocities of our time — and expand it even further — what would be the point of building such a world?

All over the globe, there are animal advocates urging their fellow humans to change course, and the only way we’ll feel our way out of the factory farm trap is to commit to that task. We don’t know if we’ll ever convince humanity to abandon the “radical evil” of factory farming, but it would be an abdication to give up trying.

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Shiba Inu (SHIB): This Was Brutal, Ethereum (ETH) Fails at $3,700: But There's a Catch, Dogecoin (DOGE) Says Goodbye to $0.20 https://earlybirdsinvest.com/shiba-inu-shib-this-was-brutal-ethereum-eth-fails-at-3700-but-theres-a-catch-dogecoin-doge-says-goodbye-to-0-20/ https://earlybirdsinvest.com/shiba-inu-shib-this-was-brutal-ethereum-eth-fails-at-3700-but-theres-a-catch-dogecoin-doge-says-goodbye-to-0-20/#respond Wed, 06 Aug 2025 03:24:48 +0000 https://earlybirdsinvest.com/shiba-inu-shib-this-was-brutal-ethereum-eth-fails-at-3700-but-theres-a-catch-dogecoin-doge-says-goodbye-to-0-20/
  • Ethereum falls
  • Dogecoin gets ready

The most recent price action for Shiba Inu has drastically declined. Following what appeared to be a textbook recovery, SHIB was brutally denied at the resistance level of $0.0000125 ,which was previously recognized as a critical short-term breakout point. The asset’s vulnerability in current market conditions was revealed by the rejection at this level, which also erased days of cautious gains. 

What could have been a bullish reversal on the daily chart was completely destroyed by the rejection, which occurred almost exactly at the 50 EMA. SHIB is currently trading at about $0.0000121, down almost 3% for the day, and the market momentum has all but vanished. SHIB had just broken above its local support at $0.0000118, attempted to retest important EMAs from below and even displayed indications of growing buying pressure — which makes the technical setup leading up to this breakdown particularly harmful. 

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SHIB/USDT Chart by TradingView

The failure was confirmed when the volume collapsed again, indicating that the pressure was insufficient to overcome the layered resistance. Range-bound consolidation between $0.0000114 and $0.0000122 is the most likely short-term result. The RSI has fallen to 45, suggesting that there is neither overbought pressure nor significant strength supporting buyers at the moment. 

The $0.0000105 zone, which was the starting point for the most recent significant move, might be the next stop if SHIB is unable to hold the $0.0000114 support line. Conversely SHIB needs a clear break above $0.0000126 —preferably with volume — in order to regain any upward credibility. 

Ethereum falls

Ethereum’s recent decline from the $3,700 mark is certainly unexpected, but the situation is not as dire as it might seem. Following a spectacular rally that saw ETH rise more than 35% in a few weeks, the asset encountered resistance just below the $3,700 mark. Today’s candle shows another decline down more than 2% with the price currently trading close to $3,640. The rejection formed a short-term descending trendline.

From a technical standpoint, this is certainly a correction. Luckily, there is not any actual bearish volume to support it. Throughout this retracement, volume has been continuously dropping, and the red candle that is forming today is a result of low participation. This is crucial because volume spikes — which are usually present during strong bearish reversals — are not occurring at this time. 

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Additionally, ETH is cooling off without entering oversold territory, indicating that the selling pressure is weak, as indicated by the RSI remaining above 57. This decline appears to be a healthy cooldown rather than a trend reversal due to the shallow volume profile. The price of ETH may rise rapidly if buyers intervene close to the 20 EMA, which is approximately $3,600, particularly if the overall state of the market stabilizes. 

The subsequent push could easily bring ETH back to retest $3,700, this time with momentum, if it is able to break the descending resistance line. The 50 and 100 EMAs are located at the $3,300 and $3,100 levels, respectively, and should the 20 EMA fail as support, attention will turn there.

Dogecoin gets ready

There is no doubt that a break below $0.20 is imminent based on the price action of Dogecoin. DOGE has been steadily declining since reaching a high of about $0.29 in mid-July. The 50 EMA and 200 EMA clustered together at about $0.213, the most recent rejection creating a confluence of resistance that DOGE was unable to overcome. 

The market’s reluctance to support DOGE at these higher levels is confirmed by today’s 3% decline. This is evident on the chart: declining volume, lower highs and a waning RSI momentum (now at 51) all suggest that DOGE is struggling. Not just technical noise, a decline below $0.20 would indicate the breakdown of a short-term support level and turn the psychological round number into resistance.

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The next support is at $0.19 (100 EMA), and a stronger demand zone will be near $0.175 if DOGE drops $0.20 decisively. A move into that area seems very likely given the bounce attempt’s lack of volume commitment.

Waiting for a confirmed base to form before reentering the market is preferable if DOGE loses $0.20 and closes below it on the daily chart. Before acting, traders should wait for confirmation from the RSI dropping into oversold territory with a bounce or reversal candle. This market structure lacks the hype that DOGE has demonstrated can cause it to blow up. Expecting a continuous bleed is the more realistic course of action until sentiment changes or volume spikes in support.

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Criminal Groups Allegedly Target Bank of America, Capital One and Wells Fargo Customers, Steal $155,000 in Brutal Robbery Scheme: Report https://earlybirdsinvest.com/criminal-groups-allegedly-target-bank-of-america-capital-one-and-wells-fargo-customers-steal-155000-in-brutal-robbery-scheme-report/ https://earlybirdsinvest.com/criminal-groups-allegedly-target-bank-of-america-capital-one-and-wells-fargo-customers-steal-155000-in-brutal-robbery-scheme-report/#respond Sat, 10 May 2025 03:06:54 +0000 https://earlybirdsinvest.com/criminal-groups-allegedly-target-bank-of-america-capital-one-and-wells-fargo-customers-steal-155000-in-brutal-robbery-scheme-report/

Customers at several of the largest banks in the US are reportedly victims of a ruthless robbery scheme, according to a new report.

Members of two criminal organizations in Maryland have been charged with participating in a criminal gang, attempted murder, armed carjacking, armed robbery, assault and firearms-related counts, reports WMAR 2 News.

Authorities say the groups targeted customers visiting physical bank branches, specifically at Bank of America, Capital One, Wells Fargo and Navy Federal Credit Union.

The groups would allegedly follow victims after they used an ATM or emerged from inside the bank – striking them at their homes or businesses.

In one especially bold move, the thieves are accused of purposefully crashing into a victim’s car to force a stop, robbing them at gunpoint.

From August 2023 to July 2024, prosecutors say the groups robbed 34 victims of over $155,000 across five Maryland counties.

At time of publishing, a total of seven people have been indicted.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Polymarket Bettors’ Recession Odds Surge Over 50% Amid Brutal 2 Day Market Decline https://earlybirdsinvest.com/polymarket-bettors-recession-odds-surge-over-50-amid-brutal-2-day-market-decline/ https://earlybirdsinvest.com/polymarket-bettors-recession-odds-surge-over-50-amid-brutal-2-day-market-decline/#respond Fri, 04 Apr 2025 23:21:29 +0000 https://earlybirdsinvest.com/polymarket-bettors-recession-odds-surge-over-50-amid-brutal-2-day-market-decline/

Key Takeaways:

  • In a striking shift, 60% of Polymarket bettors now predict a 2025 recession—a nine-point jump in just 24 hours—immediately following Trump’s dramatic unveiling of sweeping global tariffs.
  • While the Dow cratered nearly 3,700 points in two days amid tariff panic, Bitcoin bucked the trend, climbing to over $84K—a potential signal of investor flight to digital hedges.
  • Trump’s aggressive trade rhetoric, framed as economic justice for American workers, has sent shockwaves through financial and prediction markets—fueling fears of a self-inflicted economic slowdown.

A new Polymarket poll shows that the majority of bettors believe that a 2025 recession will happen—just two days after the U.S. President Donald Trump unveiled his controversial “Liberation Day” tariff plans on April 2.

Polymarket Bettors Predict Recession In 2025

According to the decentralized prediction market’s poll, 60% of the platform’s participating bettors believe that an economic recession will occur this year.

The surge in bettors’ belief of a probable recession this year is not insignificant, especially considering that the same figure was nine points lower just 24 hours prior.

When the poll was created in January, only 20% of the site’s users voted that a recession would most likely take place in 2025.

Donald Trump’s Tariff Policies Hit Markets

The startling percentage comes shortly after Trump announced steep tariffs on goods from virtually all countries.

“For decades, our country has been looted, pillaged, raped and plundered by nations near and far – both friend and foe alike,” Trump said during an April 2 policy unveiling at the White House Rose Garden.

“American steel workers, auto workers, farmers and skilled craftsmen – we have a lot of them here with us today – they really suffered gravely,” he continued.

The announcement has ignited chaos in the global marketplace, with the Dow Jones Industrial Average plummeting an estimated total of 3,700 points over the span of just two days.

The value of Bitcoin, however, was up by 2.6% to slightly above $84,000 on Friday despite having dropped below $82,000 as of yesterday.

Critics argue that Trump’s controversial tariff policies will negatively impact global trade and consumers as a whole, though the president appears unmoved in his belief that his plan will bolster American independence and manufacturing.

With tariffs set to take effect imminently, it’s still unclear how the digital asset industry will be impacted by the potential financial crisis in the long term.

The post Polymarket Bettors’ Recession Odds Surge Over 50% Amid Brutal 2 Day Market Decline appeared first on Cryptonews.

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Nansen Report: LIBRA Traders Face $251 Million in Brutal Losses https://earlybirdsinvest.com/nansen-report-libra-traders-face-251-million-in-brutal-losses/ https://earlybirdsinvest.com/nansen-report-libra-traders-face-251-million-in-brutal-losses/#respond Thu, 20 Feb 2025 15:38:26 +0000 https://earlybirdsinvest.com/nansen-report-libra-traders-face-251-million-in-brutal-losses/

Nansen, a blockchain research firm, analyzed trading data and found that most investors in the LIBRA meme coin took a loss.

Of the 15,430 wallets that sold at a profit or loss exceeding $1,000, around 86% took a loss, amounting to a total of $251 million.

Meanwhile, the remaining 2,101 wallets that secured profits collectively gained about $180 million. Nansen’s February 19 report pointed out that while a small number of traders walked away with big earnings, the majority faced losses.

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The report noted, “Insiders’ took profits, retail got burned, and key backers distanced themselves”.

Breaking down the losses, 1,478 wallets recorded losses between $1,000 and $10,000, totaling $4.8 million. Around 2,800 wallets saw losses ranging from $10,000 to $100,000, adding up to $82.4 million.

Another 392 wallets lost between $100,000 and $1 million, bringing combined losses to approximately $96.5 million. The highest losses were seen in 23 wallets, each losing more than $1 million, with total losses reaching $40.9 million.

Nansen also highlighted that the 15 worst-hit wallets collectively lost $33.7 million. One of these still holds 57% of its original balance despite losses.

A particular case was Barstool Sports founder Dave Portnoy, whose wallet suffered the steepest realized loss of $6.3 million. Though considered an insider, Portnoy later returned 6 million LIBRA tokens that had been given to him for promotional purposes and was refunded $5 million.

The popularity of memecoins appears to be fading following the $4 billion LIBRA controversy. How did the crypto community respond? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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