• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Tesla CEO Elon Musk: I hope Tesla shareholders will participate in the investment in SpaceX.Musk: Perhaps at some point SpaceX should become a publicly traded company, despite the many drawbacks of going public.1. All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.84% to 46,912.3 points, the S&P 500 fell 1.12% to 6,720.32 points, and the Nasdaq Composite fell 1.9% to 23,053.99 points. Salesforce fell over 5%, and Nvidia fell over 3%, leading the Dows decline. Microsoft fell nearly 2%, marking its seventh consecutive day of losses, its longest losing streak since 2022. The Wind U.S. Tech Big Seven Index fell 1.91%, Tesla fell over 3%, and Amazon fell nearly 3%. Chinese concept stocks were mixed, with XPeng Motors rising nearly 10% and Pony.ai falling nearly 9%. 2. All three major European stock indexes closed lower. The German DAX fell 1.29% to 23,740.38 points, the French CAC40 fell 1.36% to 7,964.77 points, and the UK FTSE 100 fell 0.42% to 9,735.78 points. European stocks fell primarily due to the spillover effect from US tech stocks, weak Eurozone retail data, and the disruption caused by the antitrust investigation, leading to increased risk aversion and cautious capital outflows. 3. US Treasury yields fell across the board: the 2-year yield dropped 7.20 basis points to 3.553%, the 3-year yield fell 7.92 basis points to 3.564%, the 5-year yield fell 8.50 basis points to 3.680%, the 10-year yield fell 7.60 basis points to 4.083%, and the 30-year yield fell 5.77 basis points to 4.680%. 4. International precious metals futures generally closed lower: COMEX gold futures fell 0.20% to $3984.80 per ounce, and COMEX silver futures fell 0.37% to $47.85 per ounce. Statements from Federal Reserve officials indicated heightened concerns about inflation risks, suggesting that monetary policy may maintain a tight stance for a longer period. 5. The WTI crude oil futures contract closed down 0.12% at $59.53 per barrel; the Brent crude oil futures contract fell 0.08% to $63.47 per barrel. 6. Most London base metals rose, with LME copper down 0.1% to $10,687 per tonne, LME zinc up 0.26% to $3,051 per tonne, LME nickel up 0.13% to $15,055 per tonne, LME aluminum down 0.25% to $2,843 per tonne, LME tin up 0.31% to $35,760 per tonne, and LME lead up 0.82% to $2,036.5 per tonne.Federal Reserves Mussalim: Current outlook assumes tariffs will remain unchanged.On November 7th, clashes broke out again on the 6th in the border region between southwestern Pakistans Balochistan province and southern Afghanistans Kandahar province, resulting in casualties. A Pakistani military source told reporters on the evening of the 6th that a Pakistani outpost in the Jaman district of Balochistan was attacked without provocation. Pakistani security forces responded swiftly and effectively, ensuring the security of Pakistani positions. The source said the Afghan government informed them that the attack was carried out by a "rogue group" not under Afghan official command. Following the clashes, Pakistani security forces and Afghan forces immediately coordinated, and "the situation was quickly brought under control, preventing escalation."

“Ethereum Has Many Points of Failure”: Says Former Twitter CEO

Skylar Shaw

Apr 22, 2022 09:51

Building on Ethereum, according to Jack Dorsey, has a lot of failure spots.


He also remarked that he believes social media should not be controlled by the wealthy.


As an institutional investment asset, Ethereum has underperformed this year.


Two of the most powerful Twitter influencers weighed in on Elon Musk's bid to acquire the social media behemoth Twitter in a Twitter debate.


In response to one of these posts, Ethereum was chastised for not being the best blockchain for creating a decentralized social media platform.

"Not Ethereum," Dorsey Says

Former Twitter CEO Jack Dorsey, in response to a tweet from Ethereum inventor Vitalik Buterin, expressed similar sentiments on Buterin's stance that rich people or companies should not hostilely seize social media.


The remark was made in response to Tesla CEO Elon Musk's $41 billion deal to purchase Twitter.


While Dorsey consented to this, he was provoked by another response from 'DeSo,' an ostensibly decentralized social media system. "If you're building on ETH, you have at least one, if not many, single points of failure and hence not attractive to me," Dorsey stated in response to DeSo's presentation.


When told that it wasn't based on Ethereum and that it was a Layer-1 protocol controlled by a 'Foundation' rather than a 'Corporation,' Jack simply answered, 'a foundation is a single point of failure.'


As a Bitcoin maximalist, Jack has always been outspoken about his crypto opinions, and they don't seem to be side with Ethereum at the moment.


But he isn't the only one who isn't a fan of Ethereum at the moment; institutional investors haven't been showing much interest in the cryptocurrency king.


According to the CoinShares fund flow data for the week ending April 15, Ethereum once again failed to make a difference in the market, with outflows totaling $97.3 million.


During the week, Ethereum had the second biggest outflow of $27.1 million, behind only Bitcoin with $72.1 million.


However, in terms of year-to-date flows, Ethereum is the worst-performing asset, with $153 million withdrawn, compared to $145 million pouring into the king currency.


Although the recent market rebound may boost interest in the asset in the coming weeks, the present picture is consistent with Dorsey's assessment of Ethereum as a poor investment vehicle and Dapp network.