US Adds $14B+ to National Debt Daily.
26 Sep 2023, 05:02
🚨US Adds $14B+ to National Debt Daily💸
📈 US debt increases: Over $14B daily – more than the market cap of the seventh-largest crypto. $DXY $QUACK
🏦 In one week: Total US debt surged by $100B, surpassing $33 trillion. #money #RichQUACK
📊 Daily addition: Equivalent to the combined market cap of Cardano and Solana.
🔖 Interest expense: Around $3B per day, making the total daily addition over $17B.
🤯 Predicted growth: US debt might reach a staggering $45 trillion in the next 4 years.
💰 Issuance and rates: US issuing $2T in bonds in 6 months, causing a spike in rates. Current refinancing happens at doubled rates.
🌍 Global Debt Situation 📌
🌏 Not just a US problem: Global debt hits a record $307T.
📝 Key contributors: US and Japan majorly driving the debt increase.
💵 Growth stats: $10T rise in global debt (in dollar terms) in H1 2023, and $100T growth over the last decade.
🔔 Crypto vs. Debt 📊
🪙 Crypto market cap: Around $1.09T, considerably smaller compared to national and global debts.
📉 Current state: Crypto market sentiments remain low, with only minor upticks.
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26 Sep 2023, 05:17
Dear all,
The Gingerbread hard fork is going live tomorrow, September 26: See our forum post:
For all validators, that have not yet upgraded to the latest version 1.8.0: Please consider doing so ASAP before the hard fork goes into effect!
To celebrate this hard fork we invite the community to a livestream watch party to witness the Gingerbread countdown together at 17:00 UTC. Join the watch party here:
Dear all,. The Gingerbread hard fork is going live tomorrow, September 26: See our forum post:.
Dear all,
The Gingerbread hard fork is going live tomorrow, September 26: See our forum post: https://forum.celo.org/t/celo-protocol-upgrades-gingerbread-hard-fork-and-contracts-release-10/6612
For all validators, that have not yet upgraded to the latest version 1.8.0: Please consider doing so ASAP before the hard fork goes into effect!
To celebrate this hard fork we invite the community to a livestream watch party to witness the Gingerbread countdown together at 17:00 UTC. Join the watch party here:
https://celo-forkmon-gingerbread.netlify.app/
https://meet.google.com/wgm-rbfs-wbv
26 Sep 2023, 05:17
Dear all,
The Gingerbread hard fork is going live tomorrow, September 26: See our forum post:
For all validators, that have not yet upgraded to the latest version 1.8.0: Please consider doing so ASAP before the hard fork goes into effect!
To celebrate this hard fork we invite the community to a livestream watch party to witness the Gingerbread countdown together at 17:00 UTC. Join the watch party here:
Dear all,. The Gingerbread hard fork is going live tomorrow, September 26: See our forum post:.
Dear all,
The Gingerbread hard fork is going live tomorrow, September 26: See our forum post: https://forum.celo.org/t/celo-protocol-upgrades-gingerbread-hard-fork-and-contracts-release-10/6612
For all validators, that have not yet upgraded to the latest version 1.8.0: Please consider doing so ASAP before the hard fork goes into effect!
To celebrate this hard fork we invite the community to a livestream watch party to witness the Gingerbread countdown together at 17:00 UTC. Join the watch party here:
https://celo-forkmon-gingerbread.netlify.app/
https://meet.google.com/wgm-rbfs-wbv