Main Takeaway: US CPI Inflation Numbers Out This Thursday
On Thursday, October 13th, US inflation numbers will be released for the month of September. These numbers will be the biggest catalyst for the month with regard to how crypto and other risk-on assets will perform. They will also be an indicator of how aggressive the Fed will continue being when it raises interest rates in November.
Key Stories: PayPal To Fine Users For Misinformation
Traditional payments service PayPal came under fire yesterday when it reported that it will be fining users $2,500 for misinformation. This announcement is a direct embodiment of the solutions that many cryptocurrencies such as Bitcoin seek to solve. Mainly, by being a censorship-resistant form of money that cannot be controlled by any third party. This news story about PayPal gets even scarier when matched with the potential that CBDCs have in censoring and controlling individual finances.
Today’s Top Gainers
The top five performing coins on Phemex d-o-d are EarthFund (1EARTH/USDT), Ethereum PoW (ETHW/USDT), Verasity (VRA/USDT), Volt Inu (VOLT(1K)/USDT), and Yield Guild Games (YGG/USDT).