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October 12th - According to CMEs "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged by October is 81.7%, and the probability of a cumulative rate hike of 25 basis points is 18.3%. The probability of the Federal Reserve keeping interest rates unchanged by December is 15.8%, the probability of a cumulative rate hike of 25 basis points is 69.5%, and the probability of a cumulative rate hike of 50 basis points is 14.7%.The notice indicates that the Federal Aviation Administration (FAA) is urging U.S. airlines to exercise caution when flying to or over Saudi Arabia.On October 12th, local time, the UK Maritime Trade Operations Office (UKMTO) issued a notification stating that an oil tanker was attacked by a drone near its anchorage in Sohar, Oman, on October 11th. The notification stated that the UKMTO initially received a report of a security incident involving an oil tanker. It was subsequently confirmed that the tanker was attacked by a drone, and the UKMTO has officially classified the incident as an "attack incident." Local authorities are currently assisting with the evacuation of the crew. The extent of the damage to the tanker and the potential environmental impact of the incident are still unclear, and the incident is still under investigation.The UK Maritime Trade Organization has reclassified the incident at the Sohar anchorage in Oman as an attack. The tanker was attacked by drones, and local authorities are assisting with the evacuation of the crew.On October 12, Iranian Foreign Minister Araqchi and Saudi Foreign Minister Faisal held a telephone conversation on the evening of October 11 to exchange views on the current regional situation. Araqchi expressed concern about the escalating regional tensions and emphasized that insisting on military means while ignoring a political solution would only further complicate the current situation. Araqchi stressed that there is no military solution to the regional crisis and that Iran is willing to provide all possible assistance to facilitate dialogue between Saudi Arabia and Yemen and ultimately reach a political solution.

Cryptoverse: Bitcoin is back with a bonk

Cory Russell

Jan 18, 2023 15:48

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Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin.


The No.1 cryptocurrency has clocked a 26% gain in January, leaping 22% in the past week alone, breaking back above the $20,000 level and putting in on course for its best month since October 2021 – just before the Big Crypto Crash.


Ether has also risen, by 29% this year, helping drive the value of the overall global cryptocurrency market above $1 trillion, according to CoinGecko.


“After a rough year last year for cryptos, we are seeing a form of mean reversion,” said Jake Gordon, analyst at Bespoke Investment Group, referring to the theory of asset prices returning to long-term averages.


Researchers said investor bets on a rosier macroeconomic picture were driving a jump in riskier assets across the board.


Few crypto tokens have benefited more than bonk, which was launched at the end of December on the Solana blockchain and had rocketed 5,000% by early January. It has since fallen back, though remains up 910% since the start of the year.


It is the latest entrant to the hyper-volatile world of meme coins, cryptocurrencies inspired by online memes and jokes, and is modeled after the same grinning Shiba Inu dog as dogecoin – which itself was catapulted to fame by Elon Musk tweets.


Bonk’s a puppy, though.


Even at its peak it was worth just $0.000004873759 with a market capitalization of about $205 million.

Other meme tokens are also up, with dogecoin and Shiba Inu up 19% and 27% respectively in 2023.

But buyers beware.


“Investors need to be especially cautious when it comes to coins like doge, Shiba Inu and bonk,” said Les Borsai, co-founder of digital assets services firm Wave Financial.

“They fall just as hard as they surge.”


Nonetheless, some market players pointed to the relative cheapness of these tokens – doge is worth about eight cents – as a reason why speculators were willing to place bets on them.


“Meme coins belong to crypto, it’s part of the culture,” said Martin Leinweber, digital assets product specialist at MarketVector Indexes. “It just takes a few lines of codes to create a meme token and if you have a community for it, people love that.”

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