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Coinbase posts $1.1B loss, Polygon DApps rocket 400% in 2022 and Elon Musk says inflation is on the decline: Hodler’s Digest, Aug 7-13

Cryptocurrency Aug 13, 2022 05:00PM ET
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Coinbase posts $1.1B loss, Polygon DApps rocket 400% in 2022 and Elon Musk says inflation is on the decline: Hodler’s Digest, Aug 7-13
 
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Elon Musk: US past peak inflation after Tesla (NASDAQ:TSLA) sells 90% of Bitcoin

With Tesla now having sold 90% of its Bitcoinholdings during the bear market, Elon Musk says the U.S. economy is past peak inflation and predicts that only a mild to moderate recession could be incoming. We sort of have some insight into where prices are headed over time, and the interesting thing that were seeing now is that most of our commodities, most of the things that go into a Tesla not all, more than half the prices are trending down in six months from now, Musk said at Teslas 2022 Annual Meeting of Stockholders.

Coming sooner: ETH devs move up the date for Merge

The long-awaited Merge looks to be ahead of schedule, with Ethereum core developers Tim Beiko and Terence Tsao agreeing on a developer call Thursday to tentatively set the date of the Merge for Sept. 15. The previously estimated date from Beiko was Sept. 19, and suggested that the final preparation work is going smoothly after the final Goerli testnet merge went off without a hitch this week.

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Coinbase posts $1.1B loss, Polygon DApps rocket 400% in 2022 and Elon Musk says inflation is on the decline: Hodler’s Digest, Aug 7-13
 

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Comments (3)
Keith Bartlett
Keith Bartlett Aug 14, 2022 1:25PM ET
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I just think it moronic that all these billionaires and DC Elites say inflation is slowing and will level off after everything has doubled in price. My pay hasn't doubled and if it had it's about to be cut in half by taxes. So. the rich get richer. DC gets richer and peasants get crapped on by immigration and outright hate for America by these scum bags.
Peter Andersen
Peter Andersen Aug 14, 2022 4:16AM ET
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Elon musk powell said that you think you are a profet you are a manipulator like Trump please be silent
Peter Andersen
Peter Andersen Aug 14, 2022 4:13AM ET
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Yeah right elon musk idiot powell said that lasr week you think you are a profet idiot
 
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