care – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 14 Sep 2025 18:26:43 +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 care – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Crypto Miners Busted Using Power From Hong Kong Care Homes https://earlybirdsinvest.com/crypto-miners-busted-using-power-from-hong-kong-care-homes/ https://earlybirdsinvest.com/crypto-miners-busted-using-power-from-hong-kong-care-homes/#respond Sun, 14 Sep 2025 18:26:43 +0000 https://earlybirdsinvest.com/crypto-miners-busted-using-power-from-hong-kong-care-homes/

Two individuals have been taken into custody in Hong Kong, accused of using electricity from care homes for cryptocurrency mining.

According to a report by South China Morning Post, the suspects are believed to have placed several mining devices above ceiling panels at two different facilities during renovation work.

The case first revealed when one of the care homes began experiencing frequent internet disruptions. While investigating the issue, the home’s IT staff discovered unfamiliar hardware hidden above an office ceiling. A second center later found similar equipment.

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Both sets of devices appeared to be mining cryptocurrencies using power from the buildings.

The suspects were arrested on September 5 in Mong Kok and Sham Shui Po. The two individuals acted independently and are not affiliated with any group. The charges filed relate to the unauthorized use of electricity, a criminal offense under local law.

Inspector Ng Tsz-wing from the Sham Shui Po technology crime unit explained that the mining equipment had been installed during refurbishment. The unauthorized power usage added about HK$9,000 (roughly US$1,153) to the monthly bills.

Authorities are advising building operators and care institutions to monitor energy consumption and network activity. Ng recommended checking for unexplained changes in bills or digital services. He also urged organizations to supervise contractors and carry out physical inspections in less visible areas.

According to Hong Kong’s Theft Ordinance, using electricity without approval is treated as theft and can lead to up to five years in prison.

Recently, the District of Columbia accused Athena Bitcoin of collecting hidden fees and failing to protect users from fraud. How did the case unfold? Read the full story.


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Kaiser to halt surgical care for trans teens as legal risks grow https://earlybirdsinvest.com/kaiser-to-halt-surgical-care-for-trans-teens-as-legal-risks-grow/ https://earlybirdsinvest.com/kaiser-to-halt-surgical-care-for-trans-teens-as-legal-risks-grow/#respond Thu, 24 Jul 2025 20:35:45 +0000 https://earlybirdsinvest.com/kaiser-to-halt-surgical-care-for-trans-teens-as-legal-risks-grow/

Electing not to wind up sued by the Trump Department of Justice, Kaiser Permanente has caved to pressure and will “pause” gender-affirming surgeries for minors scheduled beginning on August 29th.

“After significant deliberation and consultation with internal and external experts including our physicians, we’ve made the difficult decision to pause surgical treatment for patients under the age of 19 in our hospitals and surgical centers,” the nonprofit health care system said in a statement Wednesday.

“We recognize that this is an extremely challenging and stressful time for our patients seeking care, as well as for our clinicians whose mission is to care for them,” Kaiser said. “We will remain a voice and advocate for safe, high-quality, and evidence-based care for transgender patients.”

The health care consortium said the regulatory environment has created “risks” for health systems, clinicians and patients, and said it would continue to meet with regulators, patients and others “​​with the goal of identifying a responsible path forward.”

Oregon Live

Other forms of gender-affirming care will still be available.

Previously:
• Fast-tracked South Dakota bill will felonize doctors who offer gender-confirmation therapy to trans kids
• Bigoted teacher uses God as excuse for disrespecting his trans students

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Cathie Wood dumped $100M in Circle – should you care? https://earlybirdsinvest.com/cathie-wood-dumped-100m-in-circle-should-you-care/ https://earlybirdsinvest.com/cathie-wood-dumped-100m-in-circle-should-you-care/#respond Thu, 19 Jun 2025 17:19:24 +0000 https://earlybirdsinvest.com/cathie-wood-dumped-100m-in-circle-should-you-care/

Everyone (including us) keeps screaming and shouting about how successful Circle’s IPO was.

Well, it’s hard not to talk about it – CRCL jumped about 170% on Day 1, and people took it as a sign that Wall Street’s getting more open to crypto-related companies.

Then, kachow – this headline drops:

Cathie Wood’s ARK Invest sold nearly $100M worth of Circle shares.

Robert Pattinson shocked

Wait… is this the end? Is Circle cooked? Did ARK just call the top??

*Starts running around in panic*

Hold up. Take a breath. This looks scary, but it’s not necessarily a red flag.

Here’s what’s actually happening:

Circle’s stock absolutely ripped after going public – again, +170% on the first day, and +543% as of now.

ARK probably just wanted to lock in some short-term gains while it’s still hot. Completely normal.

Also, context: they bought over 4M CRCL shares. What they sold is just 14% of that. So, they aren’t bailing – it’s a trim.

ARK does this kind of thing all the time. Get in early, take partial profits, stay flexible.

Now, if more big investors started selling – or if retail investors got scared – then, yes, we would have a problem. But so far, no other major Circle backers have reported selling.

Plus, Circle’s business fundamentals haven’t changed, so the company is definitely not falling apart:

  • USDC is still on top with $61B in circulation, and Circle earns interest on those reserves;

  • The GENIUS Act is moving forward, and if it passes, it would legitimize US-issued stablecoins.

If you’re looking for real red flags, keep an eye on these:

👉 Big volume + multiple institutions selling. One big seller could be noise. A crowd rushing for the exit? That’s a sign.

👉 How CRCL behaves as we get closer to July 19, aka options expiration day, when investor contracts on the stock will expire. That can cause extra price swings, so if CRCL holds around $150 – $160, we’re good.

👉 Insider sales after December. That’s when the post-IPO lock-up period ends, and company execs are finally allowed to sell their shares. If a lot of them start selling – you’ll see that in SEC Form 4 filings – they’re probably not confident in the company’s future, and you should start paying attention.

Until then, let’s not lose our minds.

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Wells Fargo Customer Loses $61,000 in Fake Virus, Fake Apple Care, Fake Bank Fraud Department Scam: Report https://earlybirdsinvest.com/wells-fargo-customer-loses-61000-in-fake-virus-fake-apple-care-fake-bank-fraud-department-scam-report/ https://earlybirdsinvest.com/wells-fargo-customer-loses-61000-in-fake-virus-fake-apple-care-fake-bank-fraud-department-scam-report/#respond Sun, 08 Jun 2025 15:52:08 +0000 https://earlybirdsinvest.com/wells-fargo-customer-loses-61000-in-fake-virus-fake-apple-care-fake-bank-fraud-department-scam-report/

A Wells Fargo customer in North Carolina has lost $61,000 after falling for a scam originating with a fake virus warning on her computer.

The deceptive pop-up message claimed the 73 year-old woman’s device was infected, including a fake Apple Care phone number for her to call, reports Columbus County News.

When she dialed the number, scammers posing as Apple Care representatives said her computer and bank accounts were compromised.

They then pretended to transfer her to Wells Fargo’s fraud department.

Over several days, the criminals convinced the victim that fraudulent transactions were pending on her accounts.

Following their instructions, she withdrew $61,000 in four transactions and converted it to Bitcoin, enabling the scammers to con her out of the funds.

When the scammers claimed they had identified a suspect in Texas and instructed her to meet at a local police department to sign paperwork and recover her funds, the victim became suspicious and report the incident to the local sheriff’s office, which is investigating the case and issued a statement.

“Citizens are reminded to remain vigilant when receiving unsolicited messages or calls requesting financial transactions and to verify any such claims directly with official service providers.”

To avoid falling prey to impostor scams, the FTC advises people to avoid sharing personal or financial information in response to unsolicited requests and be cautious of urgent demands or unusual payment methods like gift cards or crypto.

The FTC also has a portal where anyone can report suspicious activity at ReportFraud.ftc.gov.

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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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Should we care about the welfare of farmed insects, shrimp, and fish? https://earlybirdsinvest.com/should-we-care-about-the-welfare-of-farmed-insects-shrimp-and-fish/ https://earlybirdsinvest.com/should-we-care-about-the-welfare-of-farmed-insects-shrimp-and-fish/#respond Thu, 15 May 2025 18:18:08 +0000 https://earlybirdsinvest.com/should-we-care-about-the-welfare-of-farmed-insects-shrimp-and-fish/

Should you care about the suffering of bugs?

For most people, it’s a laughable question. But for those who really, really care about animal welfare, there’s a certain intellectual journey that might lead them to take it seriously. It goes something like this:

  • First, they learn that the vast majority of the 84 billion birds and mammals raised for food are kept on factory farms, where animals are routinely mutilated and intensively confined. They become passionate advocates for these neglected and abused creatures.
  • Then they learn that over 90 percent of those land animals are poultry birds — chickens and turkeys raised for meat, and hens raised for eggs — who are treated worse than pigs and cows, and have even fewer legal protections. They become, more or less, advocates for chickens.
  • But then they might learn that fish and shrimp are farmed (or caught from the ocean) on an even greater scale — trillions annually compared to a measly 76 billion chickens. If their compassion for animals extends equally to marine life, they might come to advocate primarily for these sea creatures.

Go even further, and they’ll discover the emerging industry of insect farming, which works much like chicken, pig, or fish factory farming, with the aim of producing as many animals as possible as cheaply as possible. On these insect factory farms, vast numbers of bugs are confined in trays or other containers until, at several weeks old, they’re frozen, cooked, shredded, or suffocated alive. Most are then sold as feed for farmed fish, poultry, and pigs, as food for pets, or to a lesser degree, direct human consumption.

For the animal advocates who take this journey and wind up at the bottom of this animal suffering rabbit hole, a new report from the research organization Rethink Priorities will be pure nightmare fuel. According to the group, humanity is on track to farm and kill nearly 6 trillion animals annually by 2033, a near-quadrupling from 2023.

And almost all of the growth in animal farming will come from tiny animals: shrimp, fish, and most of all, two insect species (mealworms and black soldier fly larvae).

While humans farm and slaughter an astonishing 3 billion pigs, sheep, goats, and cattle each year, these animals are so dwarfed in numbers by farmed chicken, fish, and bugs that Rethink Priorities didn’t even include them in its calculation, nor did it include the 1 to 2 trillion wild fish scooped out of the ocean every year.

The forecast starkly illustrates how a transformation in global agriculture patterns have ratcheted up animal suffering to mind-boggling proportions.

The reason is that we’re increasingly eating really small animals. In the 1990s, chicken overtook beef as America’s meat of choice, and US chicken consumption continues to climb every year. And it takes about 127 chickens to produce the same amount of meat as one cow, because cows are enormous, while chickens weigh only about 6 pounds at slaughter. So, as Americans shifted toward eating animal species that are smaller in size, the total number of animals raised on US factory farms shot up.

The same logic applies to an even greater extent to fish and shrimp — you’d have to kill about 28,500 shrimps to get the same amount of meat as you would from one cow. These animals are being farmed and eaten in increasingly massive numbers around the world, with both fish and shrimp typically confined in crowded, disease-ridden ponds or tanks that animal advocates liken to underwater factory farms. The world now eats more fish from these farms than from the ocean.

Chart show the number of animals required to produce the same amount of meat as one cow. It takes 128 chickens, 613 tilapia, and 28,500 shrimp.

Even worse, small animals, like chickens, fish, insects, and shrimp, tend to be treated worse and have fewer protections than larger animals like pigs and cattle.

Concern for the welfare of insects — and even fish and shrimp — might bemuse or even offend many people. Humans already kill untold numbers of bugs annually by simply going about our daily business — driving, walking, exterminating ant infestations from our homes, and spraying pesticides on our crops. Americans eat tens of billions of individual shrimps each year with virtually no worry that they might feel pain. While farmed chickens and pigs have received the sympathetic Hollywood treatment, like the Chicken Run movies, Charlotte’s Web, and Okja, similar films about shrimp or mealworms don’t seem to be in the offing.

But Rethink Priorities, along with a growing chorus of scientists and philosophers, believe that invertebrates like shrimp and insects could be sentient, meaning they possess the capacity for pain, pleasure, and other sensations. They’re not arguing that these animals are equivalent to a chicken, cow, or human, but that they may be worth some moral consideration given emerging research on their potential for sentience and the massive scale on which they’re farmed.

History has long shown us that today’s laughable moral concern could be tomorrow’s tragedy. That could be the case for these tiny, unfamiliar, uncharismatic animals the more we come to understand who they are and what they might be capable of feeling.

What can a shrimp or an insect feel?

There had long been relatively little research into whether invertebrates like shrimp and insects are sentient, but that’s begun to change in recent years.

“Evidence is building that there’s a form of sentience there in insects,” Jonathan Birch, a philosopher at the London School of Economics who leads the Foundations of Animal Sentience project at the university, told me.

Historically, this line of inquiry has focused on bees, he said, who have demonstrated signs of sentience by engaging in wound-tending behavior, complex decision-making in weighing pain versus pleasure, and even play. Some research has shown that fruit flies may have the capacity to feel pain and enjoy play.

According to Birch and several of his colleagues, adult flies and mosquitoes, along with cockroaches and termites, satisfy six of eight key criteria for sentience, while several other orders satisfy three to four. He’s now collaborating with researchers to study pain indicators in black soldier fly larvae and crickets.

What little research has looked at shrimp sentience has found mixed results, and much of it has been conducted on Caridean shrimp, not penaeid shrimp, the group that’s most commonly farmed (shrimp are not a single species, but a massive category comprising more than 2,000 known species across several taxonomic groups).

Photo of many fish moving inside a net

Fish thrash inside a tightening net on a fish farm.
Havva Zorlu/We Animals

Some research has shown that shrimp have nociceptors, sensory neurons that detect and respond to potentially harmful stimuli — an important indicator of sentience — but their efforts to avoid threats could be merely reflexive. In one study, shrimp engaged in wound-tending behavior when researchers poured acid onto their antennae, but when they treated it with an anesthetic, the shrimp increased that behavior. This suggests they may not feel pain the way other animals do because the pain relief should have caused them to reduce wound tending.

But Birch believes there is strong evidence of sentience in another crustacean species: the crab.

Despite our limited understanding of invertebrates’ capacity for pain, our understanding of other animals’ capacities can quickly evolve. Just a couple of decades ago, it was largely thought that fish (which are not invertebrates) couldn’t feel pain, but scientific consensus has significantly shifted toward the belief that they can — and that they could experience many other physical and mental states. Given everything humans have learned about animals’ capacities in recent decades, there’s a strong argument to be made in favor of assuming that other animals are sentient unless proved otherwise, rather than assuming that they aren’t as the starting point.

And if shrimp and insects are sentient, it would exacerbate an already emergency situation for global animal welfare, raising the number of farmed sentient animals by well over a trillion creatures today, and potentially many trillions in the decade ahead.

The proposition to include these animals in humanity’s moral circle can lead some, Birch said, to throw up their hands in exasperation.

“We lack ethical frameworks that tell us how to think about them, but to me, that’s not an excuse for ignoring the issue,” Birch said. “I think people sometimes imagine, well, if the sentient world is so vast — if all ways of feeding ourselves cause harm — then there can’t be any ethical constraints. And I think that’s entirely wrong. I think we do need to take the harm seriously, and think about what we might do to conduct ourselves more ethically.”

Most people who advocate for factory-farmed animals focus on pigs, cows, chickens, and turkeys. Only the most quantitatively minded number-crunchers, like Birch and the folks at Rethink Priorities, look at the data and focus on fish, shrimp, and insects.

Some in the animal advocacy movement might consider this expansion of moral concern — especially for insects — a major strategic error, one that will make an already fringe movement seem even more strange and scolding. It’s something, if I’m being honest, I’ve felt myself.

A worker disinfects crickets’ watering trays in the final grow room at Entomo Farms in Ontario, Canada.

A worker disinfects crickets’ watering trays in the final grow room at Entomo Farms in Ontario, Canada.
James MacDonald/Bloomberg via Getty Images

But the general public might be more open to having some ethical consideration for these animals than we might think. Hannah McKay, a research analyst at Rethink Priorities who co-authored the new report, pointed me to recent surveys from the UK and Brazil in which a majority of participants said that they believed that shrimp can feel pain. In the UK and the Netherlands, food companies are phasing out particularly cruel practices in their shrimp supply chains, “even in the absence of high public pressure,” McKay said. Last month, a post about eyestalk ablation — the common, disturbing practice of tearing out female shrimp’s eyes to make them breed faster — made it to the front page of Reddit, whose users were overwhelmingly horrified by it.

In 2022, the UK passed the Animal Welfare (Sentience) Act, which included decapod crustaceans (shrimp, lobsters, crabs, and crayfish) among the animals that should be considered sentient, in large part on the advice of Birch and colleagues.

The aim of Rethink Priorities, Birch, and their ilk isn’t necessarily to start a campaign for worldwide shrimp and insect liberation, but rather to, at the very least, secure some minimum welfare standards.

Many animal advocates today wish that their predecessors in the 1950s, who were more focused on the welfare of pets, had devoted more attention to cows, pigs, and chickens. Instead, the quiet rise of factory farming in mid-20th-century America went largely unchallenged, and has now led to the confinement, abuse, and slaughter of tens of billions of mammals and birds each year.

Sagar Shah, a senior researcher at Rethink Priorities who co-authored the report with McKay, feels the same way about fish and shrimp farming, telling me that if he could turn the clock back 30 years to when these industries were relatively small, he would’ve pushed for “more resources into thinking about these questions: Are [fish and shrimp] sentient? What does good welfare mean for these animals if we’re going to use them?”

“Collectively, we missed the boat a bit, and we’ve already got a huge scale of farming for fish and shrimp, and we’re catching up now,” Shah said. “But for insects, the industry is in its infancy, and that means we’ve got an opportunity to figure out what good welfare means and shape the growth of the industry.”

It’s a cause that few animal advocates are willing to dedicate themselves to, and it may not win them many allies anytime soon. But that doesn’t deter Shah, who says “that doesn’t mean we shouldn’t try.”

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‘We don’t care,” states Chinese official upon latest escalation of Trump’s tariffs https://earlybirdsinvest.com/we-dont-care-states-chinese-official-upon-latest-escalation-of-trumps-tariffs/ https://earlybirdsinvest.com/we-dont-care-states-chinese-official-upon-latest-escalation-of-trumps-tariffs/#respond Sat, 12 Apr 2025 11:38:58 +0000 https://earlybirdsinvest.com/we-dont-care-states-chinese-official-upon-latest-escalation-of-trumps-tariffs/

As China reacts to the latest round of Trump’s tariffs on Friday, announcing a 125% tariff on all American goods, vice president of the Beijing-based Center for China and Globalization, Victor Zhikai Gao, commented:

“We don’t care! China has been here for 5,000 years. Most of the time, there was no U.S., and we survived.”

When pointed out that China “will lose the U.S. market,” which accounts for 15% of all trade, he added:

“If the United States wants to bully China, we will deal with a situation without the United States, and we expect to survive for another 5,000 years.”

China’s retaliatory tariff hike came shortly after President Donald Trump raised tariffs on Chinese imports to 145%, escalating an already tense trade conflict between the two global superpowers. Trump’s tariffs have already had profound effects on international financial markets, with major stock indices experiencing significant losses since ‘Liberation Day’ on April 2, with slight recoveries reported on Friday afternoon.

Trump’s tariffs pushing countries closer to China

While many economists fear Trump’s tariffs will cause a global recession, others are keeping their eyes on Beijing’s next move with Taiwan. International relations professor Zhiqun Zhu, from Bucknell University in Pennsylvania, commented:

“If the current tariff is sustained, and China is able to weather this difficult period, it will definitely boost Beijing’s confidence in facing potential Western sanctions in a future cross-strait war.”

Like most nations, the United States does not officially recognize Taiwan as an independent country. However, Washington opposes any unilateral actions that alter the current status quo, remaining committed to supplying arms to support Taiwan’s self-defense capabilities.

Meanwhile, European Union leaders reportedly plan to travel to Beijing for a summit with Chinese President Xi Jinping in late July. The news comes after Spain’s Prime Minister Pedro Sanchez called for Europe to forge closer ties with China in the face of Trump’s tariffs, calling Beijing a “partner of the EU.”

Capital flight into Bitcoin

During mounting geopolitical tensions and market volatility, CryptoSlate has reported that Bitcoin is increasingly being seen as a market hedge. Its price has held relatively steady while stock markets have plummeted, highlighting a significant decoupling of Bitcoin and stocks and Bitcoin as a ‘risk-on’ asset.

One theory is that China may devalue the national currency, the yuan. If the PBOC (People’s Bank of China) takes this move, BitMEX founder Arthur Hayes believes the capital will flow into Bitcoin. He commented:

“CNY deval = narrative that Chinese capital flight will flow into $BTC. It worked in 2013, 2015, and can work in 2025.”

Quantitative easing, otherwise known as “money printing,” is another action that has typically seen Bitcoin and crypto markets benefit from the excess liquidity.

According to Watcher Guru, a top Fed official stated late Friday that the Federal Reserve is “ready to help stabilize the market if needed,” to which Hayes replied:

“And that’s a wrap folks. Buy everything!”

Mentioned in this article
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The Fed slows down QT – here’s why you should care https://earlybirdsinvest.com/the-fed-slows-down-qt-heres-why-you-should-care/ https://earlybirdsinvest.com/the-fed-slows-down-qt-heres-why-you-should-care/#respond Thu, 20 Mar 2025 18:14:31 +0000 https://earlybirdsinvest.com/the-fed-slows-down-qt-heres-why-you-should-care/

Plus: XRP – free at last?

Welcome

GM. Crypto’s a giant orchard, and today the fruit is falling fast – don’t worry, tho’, we’ve caught the ripest ones for you.

⚖ SEC drops its appeal against Ripple.

🍋 News drops: Solana Labs CEO is embarrassed, Australian officials went after fake Binance support + more

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🍍 Market flavor today

Not too bad, innit? We’ve climbed out of Fear to Neutral, and prices are looking a lot greener.

Why? Well, the FOMC meeting and Fed Chair Jerome Powell’s press conference happened yesterday – and both of ’em played out pretty much as expected.

As predicted, interest rates stayed unchanged for the second time in a row – good-ish news, no surprises there.

What really matters is this: the Fed released its updated dot plot – aka their way of showing where they think interest rates are headed.

Back in December, only one official thought there’d be no rate cuts in 2025. Now, tho’, that number has jumped to four.

That said, the median forecast still suggests two rate cuts this year, meaning there’s still an expectation that interest rates will come down – maybe just not as quickly as some had hoped.

Why the hesitation? The Fed’s economic outlook got a little less optimistic:

  • GDP growth expectations were cut from 2.1% to 1.7% – a sign the economy might slow down more than they thought;

  • Unemployment is now projected to rise from 4.3% to 4.4%;

  • Inflation forecasts were revised higher – the Fed now sees PCE inflation hitting 2.7% instead of 2.5% and Core PCE inflation reaching 2.8%.

TL;DR: the Fed sees a weaker economy and inflation that’s still a bit too high. Plus, tariffs have pushed inflation expectations higher and made everything more unpredictable.

For this reason, Powell made it clear that the Fed isn’t in a hurry to cut rates.

That said, he did reassure markets that if the labor market weakens, the Fed can step in and ease policy.

The Fed meme

Now, here’s the part that’s extra important for risk assets like crypto:

The Fed decided to slow down quantitative tightening (QT) starting in April – which is basically their way of pulling money out of the system to keep inflation in check.

And less QT = more liquidity in the system = more money that could flow into crypto.

So, while the Fed is still being cautious, the market seems to be reading between the lines – the overall direction is still pointing toward looser conditions down the line.

Let’s be patient 🚀

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🥝 Memecoin harvest

These memecoins are up so bad, your grandma’s knitting club might be talking about them 👵

Data as of 08:40 AM EST.

Check out these memecoins and plenty more here.

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Just in case you live next door to someone like Ripple CEO Brad Garlinghouse or CLO Stuart Alderoty (or literally anyone who cares about Ripple) – don’t be surprised if they’re gonna be blasting music until 5 AM tonight.

And maybe don’t call the cops; let them have this one. It’s a huge day for them.

Here’s the short and sweet version of what’s been goin’ on:

  • Back in 2020, the SEC sued Ripple for allegedly selling unregistered securities through XRP;

  • In 2023, a court ruled that XRP traded on public exchanges wasn’t a security, but early sales to institutional investors might’ve been;

  • Ripple was ready to settle with a $125M fine and move on with life;

  • The SEC wasn’t having it – they filed an appeal;

  • Ripple hit back with a cross-appeal.

So, you see – 5 years of pure legal insanity.

And it is officially over – the SEC dropped their appeal, which pretty much confirms XRP as a digital commodity, not a security.

This is one of the biggest reversals by the SEC since its leadership changed.

Under ex-chair Gary Gensler, they launched over 100 enforcement actions against crypto companies – but now that they’re backing off, it could mean a chiller regulatory approach ahead.

But that’s not all: Ripple’s cross-appeal is still on the table.

And the SEC probably doesn’t want that to go forward – it could shrink their authority and set a precedent for other cases.

Translation: Ripple is in a powerful negotiating position.

‘Cause, you know, Ripple was initially willing to pay $125M to put the case behind them. But the SEC is changing its stance on crypto, so why would Ripple pay a fine based on a ruling that’s losing relevance?

For that reason, they might try to either:

We’ll see what they decide. Either way, today’s win is a win 💪

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🍋 News drops

😬 Solana Labs’ CEO, Anatoly Yakovenko, said Solana’s latest ad was embarrassing. The ad took a detour into political messaging – and Yakovenko made it clear they won’t be going down that road again.

⚠ Australian officials stopped scammers pretending to be Binance support. Victims were tricked into calling a fake support line and sending crypto to a false “trust wallet.”

🚀 Coinbase launched Verified Pools. This new feature creates liquidity pools only verified users can join.

⚖ Gotbit’s founder, Aleksei Andriunin, took a plea deal after the feds caught him manipulating crypto markets. His company allegedly ran wash trades, which made them tens of millions between 2018 and 2024.

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🍌 Juicy memes

Going to work because my memecoin didn't work out

@naiivememe

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