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June 18th - According to NewsNation, Republican members of Congress have begun blaming Vice President Vance, accusing him of reaching a "bad" deal with Iran. One Republican congressman stated, "Conservatives in Congress are appalled that Vance reached such a terrible deal, erasing all of Trumps military victories. Trump had effectively won the war, and Vance lost it at the last minute through negotiations." Earlier today, President Trump joked, "If we reach a deal, the credit is mine; if we dont, blame Vance." Trump praised the agreement with Iran during his visit to France and signed a copy of the memorandum of understanding in Versailles. A source close to the White House responded to the congressmans comments, saying that the unnamed Republican congressman dared to be so audacious as to attempt to strip the president of his power in order to undermine and obstruct his peace agreement.Photo: US President Donald Trump signs a memorandum of understanding between the US and Iran at the Palace of Versailles in France.On June 18th, according to foreign media reports, Chicago Board of Trade (CBOT) soybean futures closed slightly higher on Wednesday, with the benchmark contract rising 0.2% to its highest level in two weeks. This was mainly due to market rumors that buyers were interested in purchasing US soybeans, while international crude oil futures stabilized. The November contract touched a high of $11.5825 per bushel during the session, the highest level since June 3rd. Market rumors that buyers were seeking US soybeans and might also be interested in purchasing corn and wheat for delivery later this year boosted soybean futures prices, rebounding from a four-month low. The rumor intensified throughout the day after the US Department of Agriculture confirmed exporter reports of selling 372,000 tons of soybeans to unknown destinations, pushing the most actively traded contract to a two-week high. Of these 372,000 tons of soybeans, 60,000 tons are for delivery in the 2025/26 marketing year, and 312,000 tons are for delivery in the 2026/27 marketing year.Futures News, June 18th - According to foreign media reports, copper prices on the London Metal Exchange (LME) rose for the fourth consecutive day on Wednesday, mainly boosted by optimism surrounding the US-Iran peace agreement. Market expectations that the Federal Reserve will maintain higher interest rates for a longer period limited the gains in copper prices. LME three-month copper rose 0.25% to $13,810 per tonne. Following the peace agreement between the US and Iran, international oil prices have fallen by about 9% so far this week, easing market concerns about inflation and economic growth, and improving investor risk appetite. On Wednesday, LME three-month aluminum rose 0.8% to $3,414.50 per tonne, as bargain hunting pushed prices back from the sharp drop earlier in the week. Aluminum prices had fallen to $3,344 in the previous trading day, a two-and-a-half-month low, as the US-Iran peace agreement eased market concerns about disruptions to Middle Eastern aluminum supplies. Earlier this month, LME aluminum prices rose to a four-year high as the war essentially disrupted shipping through the Strait of Hormuz, forcing several smelters in the Gulf region (which accounts for about 9% of global aluminum production capacity) to cut production, as aluminum exports through the strait and imports of aluminum raw materials were disrupted.Nasdaq futures extended gains to 1% in early trading, while S&P 500 futures rose 0.6%.

Dogecoin Co-Founder Says “Crypto Is 95% Scams.” Don’t Buy Dogecoin

Steven Zhao

May 30, 2022 14:59

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The most well-known meme cryptocurrency, Dogecoin (DOGE-USD), is mostly popular owing to a fun and welcoming community. However, for those who own DOGE, the best days are behind them.


Dogecoin hit a high of roughly 69 cents in early May 2021. Since then, the meme currency has lost 88 percent of its value. It's lost 43% in the last month and now trades at about 8 cents.


Many people are questioning whether DOGE will rise as a result of this. The more pressing issue is: why is there still interest in a meme currency that began as a joke in 2013 and hasn't changed since?

"Crypto Is Made Up Of 95% Scams"


"Crypto is 95 percent frauds and junk," Dogecoin co-founder Billy Markus tweeted recently regarding the status of cryptocurrencies.


Change, he concluded, "begins with you - what you support and how you act." Elon Musk, a backer of Dogecoin, responded to this tweet with a laughing emoji. What's unclear is if Billy Markus feels DOGE is among the 95% of cryptos that are junk and frauds.


DOGE "knows it's ridiculous," according to Markus, but "it has promise as a currency," according to Musk.

Dogecoin Isn't Worth Anything

Some cryptocurrency experts are positive on Dogecoin, predicting that the meme coin will reclaim its previous highs. Elon Musk's name is often used as reason for this.


That isn't a compelling cause for Dogecoin's price to rise. Elon Musk has been able to propel DOGE higher in the past, but such rallies lacked momentum and were unjustified.


Dogecoin, in my opinion, is a worthless currency that enjoyed its 15 minutes of glory. DOGE's true value, in my opinion, is nil.

The Dogecoin Devaluation

Who is it that actually affects the price of cryptocurrencies? It is not ordinary investors who are affected, but rather large investors with large stakes – whales.


Whales quitting their investments are "the major cause" in Dogecoin's price drop, which suggests that even if crypto as a whole recovers, DOGE may not.


The recent fall of TerraUSD (UST-USD) and Terra (LUNA-USD) has fueled fears that cryptocurrency regulation may arrive sooner than predicted. Higher interest rates have also contributed to a risk-averse mindset. Shifting to safe-haven assets now makes sense, yet DOGE is far from that.


Dogecoin is likely to see further selling pressure in the future. There's no incentive to purchase it unless you honestly think Elon Musk can execute a miracle and send it higher.

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