The feds are coming for the metaverse, XRP soars, and Stagflation is just the beginning

The Daily Leo #97

LeoFinance

Oct 1

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September Stock Market Winners And Losers

Wall Street economists are getting more pessimistic by the week with the Federal Reserve showing no indication of slowing its pace of interest rate hikes to tame inflation. The market is beginning to behave like a recession is underway, with big-ticket retailers some of the biggest losers as inflation...

Wall Street Faces Nearly $2B in Penalties Over Record Keeping

Paying the fines is hardly the end of the line for the banks involved. Several of them, including Citigroup Inc, and Goldman Sachs Group Inc., must now to hire compliance consultants to ensure proper work-related communications, including those by...

Stagflation Is "Just The Beginning"

There’s been fierce debate about what led to prices accelerating at their fastest pace in decades, eroding purchasing power, and squeezing American households. Some, including many members of the Biden administration, have mostly blamed supply-side constraints and external shocks like...

XRP Jumps 20% Amid SEC’s Latest Setback

The SEC’s objection to producing a speech of interest by its former Director of Corporate Finance, William Hinman was overruled. The speech made by Hinman in 2018 stated that Ethereum (ETH) was not a security. The SEC sued Ripple in late 2020 claiming that the payments firm sold XRP as...

Checkout Crypto Strategy Chief Talks About Crypto Payments Space

The company is also exploring whether Web2 companies would be interested in using crypto rails to settle payments. But, Houlgrave said, companies that are not crypto native would have to wait for a bank wire to convert the stablecoins into fiat, negating the advantages of...

The feds are coming for the metaverse

With great valuations comes great scrutiny from increasingly tech-savvy financial regulators. Unlike traditional tech products, which often spend years putting growth over revenue, some metaverse projects push questionable monetization schemes on their users prior to...

Investors Chew Over Latest Price Data

The Federal Reserve’s commitment to taming inflation, even at the expense of a hard economic landing. “Inflation is very high in the United States and abroad, and the risk of additional inflationary shocks cannot...

CUB Monthly Burn Report

More CUB was burned by the DAO in the past 2 months from Multi-Token Bridge Revenue alone than in the prior 18 months of the platform.

518k CUB was burned from March 2021 to August 2022.

523k CUB was burned from August 1st 2022 to September 30th 2022.

Revenue grew exponentially toward the middle/tail-end of September. We're expecting another...

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