The Daily Leo #127 - Meta Layoffs, Binance FTX Drama, ETH Roadmap Gets A New Phase & Leoverse Development Update
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October CPI may solidify case for a terminal rate above 5%
Wednesday’s increase brings the Fed’s benchmark rate, the federal funds rate, to a new range of 3.75% to 4%, its highest level since 2008. Annual inflation rate is decelrates to 8.2%. Core CPI saw a little change as well. In September it was 6.6% and now...
Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week
The purge is coming! Facebook parent company Meta will start processing lay offs from this week. This mass firing is one of the largest tech job cuts in the history of Meta. As per their officials, some teams are growing in other fields and some will be ramped down depending upon...
UN climate summit opens in Egypt, India focuses on climate finance
COP27, UN's climate summit opens in Egypt. The 27th edition of the Conference of Parties (COP) to UNFCCC will witness India's hustle to get climate finance in spotlight. Their main requirement from rich countries to direct their funds and resources to tackle...
Binance Moves to Liquidate Its Entire Position in FTX Tokens
As part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT). As per CEO CZ, Binance is liquidating its FTT position and he referenced the "recent revalations" as the cause of...
Hong Kong is ‘actively looking’ at authorising crypto ETFs
In an interview on Friday, Julia Leung, deputy chief executive and executive director of intermediaries at the SFC said that the regulatory body is looking to authorise investment in crypto ETFs to support the current investors and provide them a separate medium in the world of....
Deribit hackers move stolen Ether to Tornado Cash crypto mixer
According to data from the Ethereum block explorer Etherscan, the Deribit hot wallet hacker transferred a total of 1,610 Ether, or approximately $2.5 million, to Tornado Cash. The funds were transferred in 17 transactions, with the first outgoing transaction on November 5...
Vitalik reveals a new phase in the Ethereum roadmap: The Scourge
Ethereum's new roadmap is revealed. The remaining milestones consist of the Surge, the Scourge, the Verge, the Purge, the Splurge and anything in between. This aims to improve censorship resistance and decentralization of the Ethereum network. The surge is supposed to make Ethereum faster than...
Evolving the LeoVerse | Project Blank Update, Progress on Our New UI and LEO Tokenomics Discussion
Leoverse is evolving in a beast of its own - A world full of opportunities! In this update, we'll talk about the latest things being worked to expand its horizon:
- Project Blank Update
- New LeoFinance UI Development
- LEO Tokenomics
- LEO Geyser Update
- LeoAds Smart Contract Update
- CUB Update
For more info, click this link.
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Things are not looking good for Meta... I wonder if they will pivot from their metaverse vision
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It sucks bro. So many people will go jobless in the upcoming months!
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Regarding the vision, I don't think so they will pivot just yet but there will be delays and hurdles for sure!
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Ethereum is going to be interesting as it starts moving into it's next phases. Within the next few years layer 2 solutions like Polygon will become obsolete and I wonder how markets will react to that.
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