#digest #news
News you might have missed over the weekend:
🎬 Gabriel Perez, the operator of the presidential teleprompter, earned over $100,000 betting on prediction markets by using his knowledge of Trump’s speech scripts. The White House had previously warned staff against using non-public information to bet on prediction markets.
🇫🇷 France is blocking Polymarket for violating betting regulations. The reason: violations of betting rules and an increase in local traffic, despite the current ban on financial transactions. Similar decisions have already been made in Spain and India.
🔋 Lithium—the “new oil” for electric cars. According to IEA projections, demand will increase 3.5-fold by 2040—to nearly 1 million metric tons. Automakers are already engaged in fierce competition for suppliers.
🛰️ Elon Musk has lost over $500 billion. A month after SpaceX’s IPO, the company’s stock fell by more than 40%. Musk’s net worth has dropped from over $1.3 trillion to ~$792 billion.
📈 Traders are betting on $72,000 for $BTC by the end of July. On Deribit, 20,000 call options with a strike price of $70,000 were purchased, and 20,000 contracts with a strike price of $72,000 were sold, both expiring on July 31. The total notional value of these contracts is $2.5 billion.
💲 U.S. national debt has increased by 167% since 2011.
🏦 According to the Cleveland Fed’s forecast, headline inflation in July could fall to 3.32%. However, Core PCE remains stable: it is expected to be 3.33% in June and rise to 3.36% in July. The high Core PCE base suggests that this could force the FOMC to raise interest rates.
News you might have missed over the weekend:
🎬 Gabriel Perez, the operator of the presidential teleprompter, earned over $100,000 betting on prediction markets by using his knowledge of Trump’s speech scripts. The White House had previously warned staff against using non-public information to bet on prediction markets.
🇫🇷 France is blocking Polymarket for violating betting regulations. The reason: violations of betting rules and an increase in local traffic, despite the current ban on financial transactions. Similar decisions have already been made in Spain and India.
🔋 Lithium—the “new oil” for electric cars. According to IEA projections, demand will increase 3.5-fold by 2040—to nearly 1 million metric tons. Automakers are already engaged in fierce competition for suppliers.
🛰️ Elon Musk has lost over $500 billion. A month after SpaceX’s IPO, the company’s stock fell by more than 40%. Musk’s net worth has dropped from over $1.3 trillion to ~$792 billion.
📈 Traders are betting on $72,000 for $BTC by the end of July. On Deribit, 20,000 call options with a strike price of $70,000 were purchased, and 20,000 contracts with a strike price of $72,000 were sold, both expiring on July 31. The total notional value of these contracts is $2.5 billion.
💲 U.S. national debt has increased by 167% since 2011.
🏦 According to the Cleveland Fed’s forecast, headline inflation in July could fall to 3.32%. However, Core PCE remains stable: it is expected to be 3.33% in June and rise to 3.36% in July. The high Core PCE base suggests that this could force the FOMC to raise interest rates.